Fund Evaluator:
Meehan Focus (MEFOX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Meehan Focus Overview
Meehan Focus (MEFOX) is an actively managed U.S. Equity Large Blend fund. Meehan Focus launched the fund in 1999.
The investment seeks long-term growth of capital. Under normal circumstances, the fund invests in the common stocks of companies that exhibit the potential for significant growth over at least a three-year period. It normally invests in a focused portfolio of securities of no more than 45 issuers, including U.S. common stocks or securities convertible into common stock. The fund may invest in foreign securities or investment vehicles that provide exposure to foreign securities, such as exchange-traded funds ("ETFs") and issuer-sponsored American Depository Receipts ("ADRs"). It is non-diversified.
About Meehan Focus (MEFOX)
There are 2 members of the management team with an average tenure of 11.09 years: Paul Meehan (2005), Steven D. LaRosa (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Value TR USD index with a weighting of 100%. Meehan Focus has 26 securities in its portfolio. The top 10 holdings constitute 64.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Meehan Focus is part of the Equity global asset class and is within the U.S. Equity fund group. Meehan Focus has 4.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.9%. There is 4.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Meehan Focus has 4.0% of the portfolio in cash.
Assets Under Management
The fund has $219 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MEFOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Meehan Focus expense ratio is high compared to funds in the Large Blend category. Meehan Focus has an expense ratio of 1.01%, which is 24% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Meehan Focus has a portfolio turnover rate of 2%, indicating that holds its assets around 0.5 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Meehan Focus returned -0.3%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Meehan Focus has a trailing yield of 0.14%, which is below the 0.56% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Meehan Focus Grades
Year to date, the fund has returned 13.9%, 4.6 percentage points better than the category, which translates into a grade of A. The fund has returned 24.8% over the past year (grade of A), 23.1% over the past three years (grade of A) and 15.6% per year over the past five years (grade of A) and 17.1% per year over the past 10 years (grade of A).
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MEFOX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MEFOX Return (NAV) | -0.3% | 5.1% | 24.8% | 23.1% | 15.6% | 17.1% |
| MEFOX Grade | D | B | A | A | A | A |
| +/- Category | -0.8% | 1.1% | 7.4% | 5.8% | 4.5% | 3.4% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| MEFOX Tax Cost Ratio | na | na | 0.1% | 0.2% | 0.3% | 0.5% |
MEFOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEFOX Return (NAV) | 13.9% | 21.1% | 26.1% | 35.4% | -20.7% | 35.6% | 20.4% | 33.2% | -7.6% | 21.9% | 5.7% |
| MEFOX Grade | A | A | A | A | F | A | B | A | D | B | F |
| +/- Category | 4.6% | 5.3% | 4.1% | 11.8% | -3.5% | 9.0% | 2.9% | 3.3% | -1.7% | 0.6% | -4.5% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 14.6% |
| Total Risk Index: | 1.19 - Above Average |
| Category Risk Index: | 1.10 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | 1.05 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | None |
| Total Assets: | $219 Mil |
| Fund Total Assets: | $ 220 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 2% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 21.6 years | |||
| Average Tenure: 11.1 years | |||
| Managers (Year): Meehan Paul (2005), LaRosa Steven D. (2025) | |||
Portfolio Composition (as of 2/28/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 64.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.1% |
Portfolio Allocation |
|
| Domestic Stock: | 91.9% |
| Foreign Stock: | 4.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.0% |
Purchase Information
| Fund Family: | Meehan Focus |
| Phone Number: | 866-884-5968 |
| Website: |
| Status: | Open |
| Inception Date: | December 10, 1999 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $2,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.01% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Meehan Focus |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
