- ISIN
- US58805V8413
- Issuer
- Mercer Funds
- Inception Date
- Apr 30, 2012
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MEMQX Performance Chart
Mercer Emerging Markets Equity Fund (MEMQX) is up 28.2% since the beginning of the year. MEMQX is currently trading at $12 per share. Investors who bought $1,000 worth of MEMQX shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
Mercer Emerging Markets Equity Fund (MEMQX) has returned 28.15% so far this year and 49.34% over the past 12 months.
Mercer Emerging Markets Equity Fund
- 1D
- 1.82%
- 1M
- 6.04%
- YTD
- 28.15%
- 6M
- 29.78%
- 1Y
- 49.34%
- 3Y*
- 19.06%
- 5Y*
- 5.33%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MEMQX Monthly Returns History
Based on dividend-adjusted daily data since Mar 26, 2019, MEMQX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +14.6%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MEMQX closed higher 50% of trading days. The best single day was Dec 16, 2021 with a return of +13.3%, while the worst single day was Dec 17, 2021 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.70% | 5.32% | -10.56% | 11.91% | 8.21% | 2.42% | 28.15% | ||||||
| 2025 | 3.59% | -1.28% | 1.69% | 0.89% | 5.19% | 4.21% | 0.92% | 2.17% | 5.49% | 3.72% | -1.64% | 2.70% | 31.07% |
| 2024 | -5.73% | 4.95% | 1.08% | -0.27% | 2.01% | 1.83% | -0.64% | 1.42% | 6.64% | -5.27% | -2.40% | -0.91% | 2.00% |
| 2023 | 8.37% | -5.28% | 2.72% | -1.32% | -2.01% | 3.83% | 4.08% | -5.82% | -2.69% | -4.14% | 7.35% | 3.14% | 7.16% |
| 2022 | -2.88% | -6.36% | -2.94% | -7.93% | 1.65% | -5.61% | -0.53% | -0.66% | -10.56% | -1.49% | 14.57% | -2.64% | -24.30% |
| 2021 | 3.19% | 2.21% | -0.95% | 2.35% | 2.04% | 0.17% | -5.17% | 1.67% | -5.10% | 1.46% | -4.40% | 3.33% | 0.23% |
Benchmark Metrics
Mercer Emerging Markets Equity Fund has an annualized alpha of 0.70%, beta of 0.62, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since March 26, 2019.
- This fund participated in 82.40% of S&P 500 Index downside but only 66.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 may look defensive, but with R2 of 0.39 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 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.70%
- Beta
- 0.62
- R²
- 0.39
- Upside Capture
- 66.92%
- Downside Capture
- 82.40%
Expense Ratio
MEMQX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MEMQX ranks 90 for risk / return — in the top 90% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Mercer Emerging Markets Equity Fund (MEMQX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEMQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.78 | +1.80 |
| Martin ratioReturn relative to average drawdown | 16.15 | 12.44 | +3.72 |
Dividends
Dividend History
Mercer Emerging Markets Equity Fund provided a 2.25% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.12 | $0.18 | $0.18 | $1.27 |
Dividend yield | 2.25% | 2.88% | 1.64% | 2.35% | 2.57% | 13.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Mercer Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $1.27 | $1.27 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Mercer Emerging Markets Equity 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 Emerging Markets Equity Fund was 40.09%, occurring on Oct 24, 2022. Recovery took 770 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -40.09%Oct 2022 | 1y 8mo | 3y 2mo | 4y 10moFeb 2021 - Jan 2026 |
COVID crash2020 | -34.90%Mar 2020 | 2mo 2d | 7mo 18d | 9mo 20dJan 2020 - Nov 2020 |
2026 correction2026 | -12.37%Mar 2026 | 1mo 2d | 28d | 2moFeb 2026 - Apr 2026 |
2019 pullback2019 | -9.74%Aug 2019 | 3mo 29d | 2mo 21d | 6mo 20dApr 2019 - Nov 2019 |
2026 pullback2026 | -7.57%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
Drawdown Indicators
| MEMQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -56.78% | +16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.37% | -9.10% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -18.90% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -39.37% | -25.43% | -13.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -10.71% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.03% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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