Mercer Non-US Core Equity Fund (MNCEX)
The investment seeks to provide long-term total return, which includes capital appreciation and income. The fund invests principally in equity securities (such as common stock) issued by non-U.S. companies of any capitalization, located in the world's developed and emerging capital markets. It employs a "core equity" investment strategy that seeks to meet the fund's investment objective by investing in both growth- and value-oriented equity securities. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in the equity securities of non-U.S. companies.
Fund Info
US58805V8587
Aug 17, 2006
$0
Expense Ratio
MNCEX has an expense ratio of 0.39%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Mercer Non-US Core Equity Fund (MNCEX) returned 20.04% year-to-date (YTD) and 14.11% over the past 12 months.
MNCEX
20.04%
5.46%
14.82%
14.11%
10.78%
7.74%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of MNCEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.13% | 3.10% | 0.91% | 4.15% | 5.37% | 20.04% | |||||||
| 2024 | 0.19% | 3.47% | 3.91% | -2.96% | 4.16% | -1.51% | 3.24% | 2.88% | 0.42% | -5.15% | 0.09% | -5.19% | 2.95% |
| 2023 | 8.08% | -1.84% | 1.98% | 2.15% | -3.90% | 5.10% | 2.97% | -3.08% | -2.48% | -4.07% | 8.92% | 4.73% | 18.86% |
| 2022 | -4.91% | -2.91% | -0.39% | -6.40% | 1.35% | -9.30% | 5.07% | -5.47% | -9.19% | 5.75% | 11.35% | -3.52% | -18.93% |
| 2021 | -0.76% | 2.63% | 2.15% | 2.75% | 3.70% | -1.22% | 1.00% | 1.98% | -4.10% | 2.96% | -4.54% | -8.81% | -3.05% |
| 2020 | -2.75% | -8.30% | -12.96% | 7.45% | 5.50% | 3.55% | 3.83% | 5.34% | -1.47% | -3.64% | 13.58% | 2.98% | 10.64% |
| 2019 | 2.94% | 3.94% | 2.08% | 3.17% | 12.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MNCEX is 60, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Mercer Non-US Core Equity Fund (MNCEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Mercer Non-US Core Equity Fund provided a 7.48% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.91 | $0.37 | $0.28 | $2.05 | $0.43 | $0.22 |
Dividend yield | 7.48% | 8.97% | 3.60% | 3.14% | 18.31% | 3.61% | 1.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Mercer Non-US Core 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.05 | $2.05 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2019 | $0.22 | $0.22 |
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 Non-US Core 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 Non-US Core Equity Fund was 39.91%, occurring on Sep 27, 2022. Recovery took 663 trading sessions.
The current Mercer Non-US Core Equity Fund drawdown is 0.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.91% | Sep 15, 2021 | 261 | Sep 27, 2022 | 663 | May 20, 2025 | 924 |
| -32.79% | Jan 23, 2020 | 39 | Mar 18, 2020 | 143 | Oct 9, 2020 | 182 |
| -7.28% | Oct 13, 2020 | 14 | Oct 30, 2020 | 5 | Nov 6, 2020 | 19 |
| -4.64% | Jun 17, 2021 | 22 | Jul 19, 2021 | 18 | Aug 12, 2021 | 40 |
| -3.99% | Jan 22, 2021 | 6 | Jan 29, 2021 | 6 | Feb 8, 2021 | 12 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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