Meridian Contrarian Fund Holdings as of 12/31/2016 Ticker Security Name % Allocation NVDA NVIDIA CORP 5.8% MSFT MICROSOFT CORP 4.1% CFG CITIZENS FINANCIAL GROUP INC 3.8% ALEX ALEXANDER & BALDWIN INC 3.5% EOG EOG RESOURCES INC 3.3% CACI CACI INTERNATIONAL INC 3.3% USB US BANCORP 3.1% XYL XYLEM INC/NY 2.7% TOT TOTAL SA 2.6% VRNT VERINT SYSTEMS INC 2.5% CELG CELGENE CORP 2.4% BOH BANK OF HAWAII CORP 2.2% GIL GILDAN ACTIVEWEAR INC 2.1% LVS LAS VEGAS SANDS CORP 2.0% MLNX MELLANOX TECHNOLOGIES LTD 2.0% AAPL APPLE INC 1.9% ENS ENERSYS 1.8% ZBRA ZEBRA TECHNOLOGIES CORP 1.8% MU MICRON TECHNOLOGY INC 1.7% RYN RAYONIER INC 1.7% KLXI KLX INC 1.7% TRMB TRIMBLE INC 1.6% IRDM IRIDIUM COMMUNICATIONS INC 1.5% QCOM QUALCOMM INC 1.5% Investors should consider the investment objective and policies, risk considerations, charges and ongoing expense of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the Fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or access the Meridian Funds’ website at www.meridianfund.com. ALPS Distributors, Inc., a member FINRA is the distributor of the Meridian Mutual Funds, advised by Arrowpoint Asset Management, LLC. ALPS, Meridian and Arrowpoint are unaffiliated. Arrowpoint Partners is a trade name for Arrowpoint Asset Management, LLC., a registered investment adviser. The portfolio holdings for the Meridian Funds are published on the Funds' website on a calendar quarter basis, no earlier than 30 days after the end of the quarter. This list may not include all holdings if it is deemed in the Fund's best interests to exclude certain holdings. Holdings reflect market value as of the date reported, but are not presented in accordance with accounting or regulatory requirements. Therefore, amounts reported herein may differ from those reported through the Funds' quarterly, semi-annual or annual reports as filed with the SEC. Holdings are subject to change without notice. The portfolio data is for informational purposes only. It does not constitute a recommendation or an offer for a particular security or Fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other investments. Meridian Contrarian Holdings - 1 Meridian Contrarian Fund Holdings as of 12/31/2016 Ticker Security Name % Allocation ACXM ACXIOM CORP 1.5% SSNI SILVER SPRING NETWORKS INC 1.4% NEM NEWMONT MINING CORP 1.4% FRED FRED'S INC 1.3% DKS DICK'S SPORTING GOODS INC 1.3% OI OWENS-ILLINOIS INC 1.3% OAK OAKTREE CAPITAL GROUP LLC 1.3% AGU AGRIUM INC 1.2% AXDX ACCELERATE DIAGNOSTICS INC 1.2% SUM SUMMIT MATERIALS INC 1.2% NOMD NOMAD FOODS LTD 1.1% MSM MSC INDUSTRIAL DIRECT CO INC 1.1% FIVE FIVE BELOW INC 1.1% UNP UNION PACIFIC CORP 1.1% DEO DIAGEO PLC 1.1% CRC CALIFORNIA RESOURCES CORP 1.0% HEES H&E EQUIPMENT SERVICES INC 1.0% FCX FREEPORT-MCMORAN INC 0.9% NKTR NEKTAR THERAPEUTICS 0.9% USCR US CONCRETE INC 0.9% RGS REGIS CORP 0.8% NBIX NEUROCRINE BIOSCIENCES INC 0.8% LGF/A LIONS GATE ENTERTAINMENT CORP 0.8% AAP ADVANCE AUTO PARTS INC 0.6% POWI POWER INTEGRATIONS INC 0.5% FGP FERRELLGAS PARTNERS LP 0.5% JUNO JUNO THERAPEUTICS INC 0.5% PACB PACIFIC BIOSCIENCES OF CALIFORNIA INC 0.5% HP HELMERICH & PAYNE INC 0.5% AGIO AGIOS PHARMACEUTICALS INC 0.5% IRDM 1 P7.5 IRDM US 01/20/17 P7.5 0.0% FRED 1 P10 FRED US 01/20/17 P10 0.0% MLNX 1 P38 MLNX US 01/20/17 P38 0.0% MLNX 3 P38 MLNX US 03/17/17 P38 0.0% NVDA 1 C70 NVDA US 01/20/17 C70 -0.6% USD US DOLLAR 11.0% MMF000139 Exp 5-01-2017 Meridian Contrarian Holdings - 2.