Mercer Core Fixed Income Fund (MCFIX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MCFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCFIX
MCFIX charges 0.16% annually. No mutual funds in the Intermediate Core-Plus Bond category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.20%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Income Fund | 0.20% | — | Jan 1980 | MCFIX vs SSASX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | MCFIX vs TIBDX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | MCFIX vs EINFX | |
| Brandes Core Plus Fixed Income Fund | 0.30% | — | Dec 2007 | MCFIX vs BCPIX | |
| Baird Core Plus Bond Fund | 0.30% | — | Sep 2000 | MCFIX vs BCOIX |
Best Risk-Adjusted Alternatives to MCFIX
MCFIX has a PortfoliosLab risk / return rank of 5. There are 127 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 99 | — | Jul 2016 | MCFIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 96 | — | Jul 2010 | MCFIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 95 | — | Jul 2010 | MCFIX vs LCTRX | |
| MassMutual Diversified Bond Fund | 86 | — | May 1999 | MCFIX vs MDVAX | |
| GMO Multi-Sector Fixed Income Fund | 83 | — | Apr 1997 | MCFIX vs GUGAX |
Top Performing MCFIX Alternatives (YTD)
MCFIX is at -1.77% YTD. There are 128 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 3.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| 1290 Diversified Bond Fund | 3.62% | — | Jul 2015 | MCFIX vs TNUIX | |
| Nuveen Core Plus Impact Fund | 3.14% | — | Apr 2021 | MCFIX vs NPCT | |
| MassMutual Diversified Bond Fund | 2.93% | — | May 1999 | MCFIX vs MDVAX | |
| Putnam Mortgage Securities Fund | 2.68% | — | Feb 1984 | MCFIX vs PGSIX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 2.56% | — | Sep 2007 | MCFIX vs SEATX |
Lowest Volatility Alternatives to MCFIX
MCFIX has 4.05% 1-year volatility. There are 101 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.14%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.14% | — | Jun 2017 | MCFIX vs AMFIX | |
| Archer Income Fund | 1.81% | — | Mar 2011 | MCFIX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 1.94% | — | Jul 2010 | MCFIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 2.00% | — | Jul 2010 | MCFIX vs LCTIX | |
| Holbrook Income Fund Class I | 2.04% | — | Jul 2016 | MCFIX vs HOBIX |
Lowest Drawdown Alternatives to MCFIX
MCFIX has a 1-year max drawdown of -3.75%. There are 121 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | MCFIX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | MCFIX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.00% | — | Apr 1997 | MCFIX vs GUGAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | MCFIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | MCFIX vs LCTIX |
Other Mutual Funds from Mercer Funds
The 4 most viewed Mercer Funds mutual funds shown here include MOFIX, MNCEX, MSCGX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Mercer Opportunistic Fixed Income Fund | Multisector Bonds | 8 | -1.42% | — | Aug 2013 | MCFIX vs MOFIX | |
| Mercer Non-US Core Equity Fund | Foreign Large Cap Equities | 47 | 9.65% | — | Aug 2006 | MCFIX vs MNCEX | |
| Mercer US Small/Mid Cap Equity Fund | Small Cap Blend Equities | 53 | 16.40% | — | Aug 2005 | MCFIX vs MSCGX | |
| Mercer Emerging Markets Equity Fund | Emerging Markets Diversified | 83 | 21.69% | — | Apr 2012 | MCFIX vs MEMQX |
Often Compared With MCFIX
Investors most often compare MCFIX with PBMPX, ACGYX, JAFLX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MCFIX with Any Fund or Stock
Compare MCFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCFIX with funds that move differently
Mercer Core Fixed Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCFIX.
Explore MCFIX Diversifiers