Mercer Core Fixed Income Fund (MCFIX)

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The chart shows the growth of an initial investment of $10,000 in Mercer Core Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Mercer Core Fixed Income Fund (MCFIX) has returned -1.10% so far this year and 2.65% over the past 12 months.

Based on dividend-adjusted daily data since Apr 12, 2019, MCFIX's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, your investment would double in approximately 72.2 years.

Historically, 51% of months were positive and 49% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Sep 2022 at -4.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MCFIX closed higher 45% of trading days. The best single day was Nov 11, 2022 with a return of +1.8%, while the worst single day was Dec 18, 2020 at -4.3%.

Mercer Core Fixed Income Fund has an annualized alpha of 0.71%, beta of 0.03, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 15, 2019.

• This fund participated in 24.07% of S&P 500 Index downside but only 13.64% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MCFIX has an expense ratio of 0.16%, which is considered low.

MCFIX ranks 39 for risk / return — below 39% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Mercer Core Fixed Income Fund (MCFIX) and compare them to a chosen benchmark (S&P 500 Index).

Mercer Core Fixed Income Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $0.38 per share.

The table displays the monthly dividend distributions for Mercer Core Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Mercer Core Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Mercer Core Fixed Income Fund was 21.68%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Mercer Core Fixed Income Fund drawdown is 6.08%.

The chart below shows the rolling one-month volatility.