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"With an outperformance of its mid-cap core peers by more than 500 basis points on both short and longer-time periods as of September 2010, with limited volatility and a below-average expense ratio, the Meridian Growth fund is ranked as an S&P five-star ranked fund. The fund recently held stocks such as Valspar (VAL 32.10 ****) and Waste Connections (WCN 40.74 ****), which are viewed favorably from a valuation and risk perspective by S&P," said Todd Rosenbluth, senior mutual fund analyst at Standard & Poor's Equity Research.