- ISIN
- US58805V7001
- Issuer
- Mercer Funds
- Inception Date
- Aug 20, 2013
- Category
- Multisector Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MOFIX Performance Chart
Mercer Opportunistic Fixed Income Fund (MOFIX) is down 2.1% since the beginning of the year. MOFIX is currently trading at $8 per share. Investors who bought $1,000 worth of MOFIX shares 5 years ago would now be looking at an investment worth $1,063.
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Returns By Period
Mercer Opportunistic Fixed Income Fund (MOFIX) has returned -2.12% so far this year and -0.02% over the past 12 months.
Mercer Opportunistic Fixed Income Fund
- 1D
- 0.12%
- 1M
- -0.95%
- 6M
- -2.35%
- YTD
- -2.12%
- 1Y
- -0.02%
- 3Y*
- 4.21%
- 5Y*
- 1.22%
- 10Y*
- —
- ALL TIME*
- 2.04%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MOFIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2019, MOFIX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MOFIX closed higher 42% of trading days. The best single day was Dec 14, 2023 with a return of +6.6%, while the worst single day was Dec 13, 2024 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | -0.35% | -2.48% | 1.21% | 0.36% | -0.12% | -0.95% | -2.12% | |||||
| 2025 | 1.86% | 0.61% | -0.36% | 0.49% | 0.97% | 1.91% | 0.70% | 0.58% | 0.92% | 0.23% | -0.12% | 0.51% | 8.60% |
| 2024 | -0.36% | -0.48% | 0.84% | -1.78% | 1.45% | 0.00% | 1.90% | 1.99% | 2.06% | -2.47% | 0.58% | -1.40% | 2.23% |
| 2023 | 4.24% | -2.51% | 2.58% | 0.60% | -0.83% | 1.80% | 1.77% | -1.27% | -2.23% | -1.32% | 4.99% | 4.15% | 12.22% |
| 2022 | -1.28% | -2.37% | -1.43% | -3.47% | -1.04% | -4.57% | 2.21% | -0.84% | -4.24% | -0.13% | 4.56% | 0.75% | -11.57% |
| 2021 | -0.40% | -1.03% | -1.34% | 1.46% | 1.13% | 0.31% | 0.20% | 0.61% | -1.41% | -0.20% | -1.33% | 0.91% | -1.15% |
Benchmark Metrics
Mercer Opportunistic Fixed Income Fund has an annualized alpha of 0.94%, beta of 0.11, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since April 16, 2019.
- This fund participated in 41.05% of S&P 500 Index downside but only 24.71% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.09 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 0.09 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.
- Alpha
- 0.94%
- Beta
- 0.11
- R²
- 0.09
- Upside Capture
- 24.71%
- Downside Capture
- 41.05%
Expense Ratio
MOFIX has an expense ratio of 0.44%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MOFIX ranks 4 for risk / return — above 4% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Mercer Opportunistic Fixed Income Fund (MOFIX) 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.
| MOFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.00 | -1.97 |
| Martin ratioReturn relative to average drawdown | 0.07 | 8.49 | -8.42 |
Dividends
Dividend History
Mercer Opportunistic Fixed Income Fund provided a 3.39% 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 | $0.56 | $0.54 | $0.31 | $0.40 |
Dividend yield | 3.39% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Mercer Opportunistic Fixed Income 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.23 | $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 | $0.56 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2021 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.40 |
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 Opportunistic 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 Opportunistic Fixed Income Fund was 19.96%, occurring on Oct 21, 2022. Recovery took 474 trading sessions.
The current Mercer Opportunistic Fixed Income Fund drawdown is 2.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.96%Oct 2022 | 1y 10mo | 1y 10mo | 3y 8moDec 2020 - Sep 2024 | Bear market2022 |
-15.08%Mar 2020 | 4mo 26d | 4mo | 8mo 26dOct 2019 - Jul 2020 | COVID crash2020 |
-8.02%Dec 2024 | 7d | 10mo 11d | 10mo 18dDec 2024 - Oct 2025 | — |
-3.52%Mar 2026 | 1mo 29d | — | 6mo 7dJan 2026 - now | — |
-2.80%Nov 2024 | 1mo 13d | 1mo | 2mo 13dSep 2024 - Dec 2024 | — |
Drawdown Indicators
| MOFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -56.78% | +36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -9.10% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -18.90% | +10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -25.43% | +6.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.58% | -1.58% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -10.70% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.14% | -0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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