0000745467 mfi1:S000001462Member mfi1:C000003882Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001463Member mfi1:C000003883Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001461Member mfi1:C000003881Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001463Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001462Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001461Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001462Member rr:AfterTaxesOnDistributionsMember mfi1:C000003882Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001462Member rr:AfterTaxesOnDistributionsAndSalesMember mfi1:C000003882Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001462Member mfi1:RussellTwoThousandIndexMember 2011-11-02 2012-11-01 0000745467 mfi1:S000001461Member rr:AfterTaxesOnDistributionsMember mfi1:C000003881Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001461Member rr:AfterTaxesOnDistributionsAndSalesMember mfi1:C000003881Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001461Member mfi1:SAndPFiveHundredIndexMember 2011-11-02 2012-11-01 0000745467 mfi1:S000001463Member rr:AfterTaxesOnDistributionsMember mfi1:C000003883Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001463Member rr:AfterTaxesOnDistributionsAndSalesMember mfi1:C000003883Member 2011-11-02 2012-11-01 0000745467 mfi1:S000001463Member mfi1:SAndPFiveHundredIndexMember 2011-11-02 2012-11-01 0000745467 2011-11-02 2012-11-01 pure iso4217:USD 2012-09-30 2012-09-30 2012-09-30 <div style="display:none">~ http://www.meridianfund.com/role/ScheduleShareholderFeesMERIDIANVALUEFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleShareholderFeesMERIDIANGROWTHFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleShareholderFeesMERIDIANEQUITYINCOMEFUND column period compact * ~</div> Example 471 Example Example 628 771 0.479 0.3471 <center>FUND SUMMARY </center><a name="toc426611_3"></a>MERIDIAN EQUITY INCOME FUND® Shareholder Fees (fees paid directly from your investment) <center>FUND SUMMARY </center><a name="toc426611_3"></a>MERIDIAN GROWTH FUND® <center>FUND SUMMARY </center><a name="toc426611_3"></a>MERIDIAN VALUE FUND® The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Funds performance. During the most recent fiscal year, the Funds portfolio turnover rate was 25% of the average value of its portfolio. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Funds performance. During the most recent fiscal year, the Funds portfolio turnover rate was 31% of the average value of its portfolio. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Funds performance. During the most recent fiscal year, the Funds portfolio turnover rate was 20% of the average value of its portfolio. www.meridianfund.com 0.1062 www.meridianfund.com www.meridianfund.com 0.1382 0.0851 <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualFundOperatingExpensesMERIDIANVALUEFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualFundOperatingExpensesMERIDIANGROWTHFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualFundOperatingExpensesMERIDIANEQUITYINCOMEFUND column period compact * ~</div> Shareholder Fees (fees paid directly from your investment) 0 0 This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 87 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 116 144 The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the Russell 2000® Index. During the period covered by this bar chart, the Funds highest quarterly return was 20.96% (for the quarter ended June 30, 2003); and the lowest quarterly return was 20.24% (for the quarter ended December 31, 2008). For the period January 1, 2012 through September 30, 2012, the total return of the Fund was 10.62%. The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the S&P 500® Index. The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the S&P 500® index. During the period covered by this bar chart, the Funds highest quarterly return was 16.07% (for the quarter ended September 30, 2009); and the lowest quarterly return was 23.48% (for the quarter ended December 31, 2008). For the period January 1, 2012 through September 30, 2012, the total return of the Fund was 13.82%. 1984-08-01 1984-08-01 1984-08-01 1984-08-01 During the period covered by this bar chart, the Funds highest quarterly return was 20.06% (for the quarter ended September 30, 2009); and the lowest quarterly return was 21.28% (for the quarter ended December 31, 2008). For the period January 1, 2012 through September 30, 2012, the total return of the Fund was 8.51%. 2005-01-31 2005-01-31 2005-01-31 2005-01-31 1994-02-10 1994-02-10 1994-02-10 1994-02-10 485BPOS 2012-06-30 MERIDIAN FUND INC 2012-10-26 Investment Objective Investment Objective Investment Objective 0 0 0 0 0.0085 0 0 0.0114 This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Funds operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 271 This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Funds operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Principal Investment Strategies This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Funds operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 362 446 Principal Investment Strategies Principal Investment Strategies You could lose money on your investment in the Fund or the Fund could underperform other investments. You could lose money on your investment in the Fund or the Fund could underperform other investments. 1-800-446-6662 -0.1782 0.0107 You could lose money on your investment in the Fund or the Fund could underperform other investments. 2003-06-30 0.2096 2008-12-31 1-800-446-6662 1-800-446-6662 <center>Average Annual Total Returns (For the periods ended December 31, 2011)</center> After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.0564 2009-09-30 0.1607 0.0793 0.0726 0.0683 0.0562 2008-12-31 <center>Average Annual Total Returns (For the periods ended December 31, 2011)</center> -0.1336 -0.0239 2009-09-30 0.2006 <center>Average Annual Total Returns (For the periods ended December 31, 2011)</center> 2008-12-31 After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.0536 0.0425 0.0449 0.0292 <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualTotalReturnsMERIDIANVALUEFUNDBarChart column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualTotalReturnsMERIDIANGROWTHFUNDBarChart column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAnnualTotalReturnsMERIDIANEQUITYINCOMEFUNDBarChart column period compact * ~</div> 0000745467 false 2012-11-01 2012-11-01 Fees and Expenses of the Fund Fees and Expenses of the Fund Fees and Expenses of the Fund The MERIDIAN VALUE FUND® seeks long-term growth of capital. The MERIDIAN EQUITY INCOME FUND® seeks long-term growth of capital along with income as a component of total return. The MERIDIAN GROWTH FUND® seeks long-term growth of capital. 0 0 0.0076 0 0.0009 0.01 0 0.0014 0 1049 0.0092 0 Portfolio Turnover 0.0049 0.0141 The Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund emphasizes growth companies that the Investment Adviser believes may have prospects for above-average growth in revenues and earnings because of many factors, including high sales growth, high unit growth, industry growth, high or improving returns on assets and equity and a strong balance sheet. The Fund may invest in securities of companies with any capitalization across a broad range of industries. These may include companies that are relatively small in terms of total assets, revenues and earnings. The mix of the Funds investments at any time will depend on the industries and types of securities the Investment Adviser believes hold the most potential for achieving the Funds investment objective. The Fund may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. The Fund generally sells investments when the Investment Adviser concludes that better investment opportunities exist in other securities, the security is fully valued, or the issuers circumstances or the political or economic outlook have changed. Principal Investment Risks 1386 1691 Portfolio Turnover Portfolio TurnoverThe Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund emphasizes stocks which the Investment Adviser believes are undervalued in relation to an issuers long-term earnings power or asset value, or the stock market in general. Securities in which the Fund invests may be undervalued because of many factors, including market decline, poor economic conditions, tax-loss selling or actual or anticipated unfavorable developments affecting the issuer of the security. The Fund may invest in securities of companies with any capitalization across a broad range of industries. The Fund intends to invest at least 65% of its total assets in common stocks and equity-related securities (such as convertible debt securities and warrants). The Fund may invest up to 35% of its total assets in debt or fixed income securities, including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as junk bonds. These are bonds that are rated Ba or below by Moodys or BB or below by S&P. The Fund may invest up to 10% of its total assets in securities rated Ca or below by Moodys or C or below by S&P, or unrated but considered by the Investment Adviser to be of comparable quality. The Fund may also invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. If, in the Investment Advisers opinion, a stock has reached a fully valued position, it generally will be, but need not be, sold and replaced by securities which are deemed to be undervalued in the marketplace. The Fund generally sells investments when (i) the Investment Adviser concludes that the companys fundamentals are not meeting expectations; (ii) better investment opportunities exist; and/or (iii) the companys business has improved and this, in the Investment Advisers opinion, is reflected in the share price. The Fund seeks to maximize total return by investing primarily in a diversified portfolio of dividend-paying equity securities of U.S. companies that have the potential for capital appreciation and which the Investment Adviser believes may have the capacity to raise dividends in the future. Under normal circumstances, the Fund will invest at least 80% of its net assets in equity securities. Equity securities include common and preferred stocks as well as convertible securities in domestic and foreign companies. The Fund may invest in securities of companies with any capitalization across a broad range of industries. These may include companies that are relatively small in terms of assets, revenues and earnings. The mix of the Funds investments at any time will depend on the industries and types of securities the Investment Adviser believes hold the most potential for achieving the Funds investment objective. The Fund may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. The Fund may also invest its assets in debt or fixed income securities including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as junk bonds. These are bonds that are rated Ba or below by Moodys Investors Service, Inc. (Moodys) or BB or below by Standard and Poors Ratings Services (S&P) or are in default or unrated but of comparable quality as determined by the Investment Adviser. The Fund generally sells investments when the Investment Adviser concludes that the long-term growth or dividend prospects of the company have deteriorated, or the issuers circumstances or the political or economic outlook relative to the security have changed, and better investment opportunities exist in other securities. Principal Investment Risks There are risks involved with any investment. The principal risks associated with an investment in this Fund are set forth below. Please see the section Further Information About Principal Risks in this Prospectus for a detailed discussion of these risks and other factors you should carefully consider before deciding to invest in the Fund. General Risk You could lose money on your investment in the Fund or the Fund could underperform other investments. Investment Style Risk Although the Fund makes every effort to achieve its investment objective of long-term growth of capital, it cannot guarantee that the Investment Advisers investment strategies or securities selection method will achieve that objective. Equity Securities Risk Equity securities holders are entitled to the income and increase in the value of the assets and business of an issuer after debt obligations and obligations to debt securities holders are satisfied. Equity securities fluctuate in price in response to many factors including historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investors perceptions and market liquidity. Market Risk The value of the Funds investments will fluctuate in response to the activities of individual companies and general stock market and economic conditions and the value of your investment in the Fund may be more or less than your purchase price. Growth Investing Risk There is a risk that the Funds emphasis on investing in growth-oriented companies may underperform during times when growth investing is out of favor. Small Company Risk Generally, the smaller the capitalization of a company, the greater the risk associated with an investment in the company. The stock prices of smaller and newer companies tend to fluctuate more than those of larger, more established companies and have smaller market for their shares than do large capitalization companies. Foreign Company Risk Investments in foreign securities may be subject to more risks than those associated with U.S. investments, including currency fluctuations, political and economic instability and differences in accounting, auditing and financial reporting standards. Emerging market securities involve greater risk and more volatility than those of companies in more developed markets. Significant levels of foreign taxes are also a risk related to foreign investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the Russell 2000® Index. The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information for the Fund may be obtained by visiting www.meridianfund.com or by calling 1-800-446-6662. There are risks involved with any investment. The principal risks associated with an investment in this Fund are set forth below. Please see the section Further Information About Principal Risks in this Prospectus for a detailed discussion of these risks and other factors you should carefully consider before deciding to invest in the Fund. General Risk You could lose money on your investment in the Fund or the Fund could underperform other investments. Investment Style Risk Although the Fund makes every effort to achieve its investment objective of long-term growth of capital, it cannot guarantee that the Investment Advisers investment strategies or securities selection method will achieve that objective. Equity Securities Risk Equity securities holders are entitled to the income and increase in the value of the assets and business of an issuer after debt obligations and obligations to debt securities holders are satisfied. Equity securities fluctuate in price in response to many factors including historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investors perceptions and market liquidity. Market Risk The value of the Funds investments will fluctuate in response to the activities of individual companies and general stock market and economic conditions and the value of your investment in the Fund may be more or less than your purchase price. Value Investing Risk There is a risk that the Funds emphasis on investing in value-oriented companies may underperform during times when value investing is out of favor. Small Company Risk Generally, the smaller the capitalization of a company, the greater the risk associated with an investment in the company. The stock prices of smaller and newer companies tend to fluctuate more than those of larger, more established companies and have smaller market for their shares than do large capitalization companies. Foreign Company Risk Investments in foreign securities may be subject to more risks than those associated with U.S. investments, including currency fluctuations, political and economic instability and differences in accounting, auditing and financial reporting standards. Emerging market securities involve greater risk and more volatility than those of companies in more developed markets. Significant levels of foreign taxes are also a risk related to foreign investments. High Yield Bond Risk Debt securities that are rated below investment grade (commonly referred to as junk bonds) involve a greater risk of default or price declines than investment grade securities. The market for high-yield, lower rated securities may be thinner and less active, causing market price volatility and limited liquidity in the secondary market. This may limit the ability of a Fund to sell these securities at their fair market values either to meet redemption requests, or in response to changes in the economy or the financial markets. Debt Securities Risk Debt securities are subject to credit risk, interest rate risk and liquidity risk. Credit risk is the risk that the entity that issued a debt security may become unable to make payments of principal and interest when due and includes the risk of default. Interest rate risk is the risk of losses due to changes in interest rates. Liquidity risk is the risk that the Fund may not be able to sell portfolio securities, including medium- and lower-grade securities, because there are too few buyers for them. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. There are risks involved with any investment. The principal risks associated with an investment in this Fund are set forth below. Please see the section Further Information About Principal Risks in this Prospectus for a detailed discussion of these risks and other factors you should carefully consider before deciding to invest in the Fund. General Risk You could lose money on your investment in the Fund or the Fund could underperform other investments. Investment Style Risk Although the Fund makes every effort to achieve its investment objective of long-term growth of capital along with income, it cannot guarantee that the Investment Advisers investment strategies or securities selection method will achieve that objective. Equity Securities Risk Equity securities holders are entitled to the income and increase in the value of the assets and business of an issuer after debt obligations and obligations to debt securities holders are satisfied. Equity securities fluctuate in price in response to many factors including historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investors perceptions and market liquidity. Market Risk The value of the Funds investments will fluctuate in response to the activities of individual companies and general stock market and economic conditions and the value of your investment in the Fund may be more or less than your purchase price. Income Risk Because the payment of dividends is subject to the discretion of a company, there is a risk that the Fund may not be able to pay income. Small Company Risk Generally, the smaller the capitalization of a company, the greater the risk associated with an investment in the company. The stock prices of smaller and newer companies tend to fluctuate more than those of larger, more established companies and have smaller market for their shares than do large capitalization companies. Foreign Company Risk Investments in foreign securities may be subject to more risks than those associated with U.S. investments, including currency fluctuations, political and economic instability and differences in accounting, auditing and financial reporting standards. Emerging market securities involve greater risk and more volatility than those of companies in more developed markets. Significant levels of foreign taxes are also a risk related to foreign investments. High Yield Bond Risk Debt securities that are rated below investment grade (commonly referred to as junk bonds) involve a greater risk of default or price declines than investment grade securities. The market for high-yield, lower rated securities may be thinner and less active, causing market price volatility and limited liquidity in the secondary market. This may limit the ability of a Fund to sell these securities at their fair market values either to meet redemption requests, or in response to changes in the economy or the financial markets. Debt Securities Risk Debt securities are subject to credit risk, interest rate risk and liquidity risk. Credit risk is the risk that the entity that issued a debt security may become unable to make payments of principal and interest when due and includes the risk of default. Interest rate risk is the risk of losses due to changes in interest rates. Liquidity risk is the risk that the Fund may not be able to sell portfolio securities, including medium- and lower-grade securities, because there are too few buyers for them. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 0.1447 0.0033 0.1581 0.054 -0.3035 0.3617 0.3137 Principal Investment Risks An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Performance The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the S&P 500® Index. The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information for the Fund may be obtained by visiting www.meridianfund.com or by calling 1-800-446-6662. total return of the Fund highest quarterly return The bar chart and table below show the Funds historical performance and provide an indication of the risks of investing in the Fund. The bar chart shows changes in the Funds performance from year-to-year. The table shows how the Funds average annual returns compare with those of the S&P 500® Index. The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information for the Fund may be obtained by visiting www.meridianfund.com or by calling 1-800-446-6662. lowest quarterly return -0.2024 The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The Funds past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <center>Year-by-Year Total Returns as of 12/31</center> <center>Year-by-Year Total Returns as of 12/31 </center> <center>Year-by-Year Total Returns as of 12/31 </center> After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. 0.1956 -0.005 -0.301 0.223 0.1663 0.0107 -0.0009 0.0217 -0.0418 highest quarterly return 0.0582 0.0511 0.0488 0.0015 lowest quarterly return -0.2348 0.1245 0.1019 0.099 0.0947 total return of the Fund 0.151 0.0292 0.1867 0.0776 -0.3195 0.2139 0.1823 highest quarterly return lowest quarterly return -0.2128 total return of the Fund After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. -0.0239 -0.0246 -0.0147 0.0211 0.0054 -0.0035 0.0029 -0.0025 0.1242 0.1081 0.1056 0.0753 0.0564 0.0531 0.0408 0.0211 0.0419 0.0357 0.0349 0.0303 <div style="display:none">~ http://www.meridianfund.com/role/ScheduleExpenseExampleTransposedMERIDIANVALUEFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleExpenseExampleTransposedMERIDIANGROWTHFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAverageAnnualTotalReturnsTransposedMERIDIANVALUEFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAverageAnnualTotalReturnsTransposedMERIDIANGROWTHFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleExpenseExampleTransposedMERIDIANEQUITYINCOMEFUND column period compact * ~</div> <div style="display:none">~ http://www.meridianfund.com/role/ScheduleAverageAnnualTotalReturnsTransposedMERIDIANEQUITYINCOMEFUND column period compact * ~</div> -0.02 -0.02 -0.02 0.25 0.31 0.2 0.0094 0.0026 0.0069 -0.0025 The Fund's returns after taxes on distributions and sale of Fund shares may be higher than both its returns before taxes and after taxes on distributions because it includes the effect of a tax benefit an investor may receive resulting from the capital losses that would have been incurred.