Mercer Opportunistic Fixed Income Fund (MOFIX)
The investment seeks to provide long-term total return, which includes capital appreciation and income. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in fixed income securities. It may invest in bank loans and loan participations and senior and subordinated debt securities. The fund may invest a significant portion of its assets in any combination of non-investment grade bonds (sometimes called "high yield" or "junk bonds"), bonds issued by issuers in emerging capital markets.
Fund Info
| ISIN | US58805V7001 |
|---|---|
| Issuer | Mercer Funds |
| Inception Date | Aug 20, 2013 |
| Category | Multisector Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
MOFIX features an expense ratio of 0.44%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Mercer Opportunistic 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.
Returns By Period
Mercer Opportunistic Fixed Income Fund had a return of 4.03% year-to-date (YTD) and 11.06% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.03% | 15.38% |
| 1 month | 2.33% | 5.03% |
| 6 months | 4.03% | 6.71% |
| 1 year | 11.06% | 23.24% |
| 5 years (annualized) | 1.50% | 13.10% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of MOFIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.36% | -0.48% | 0.84% | -1.78% | 1.45% | -0.00% | 1.90% | 1.99% | 4.03% | ||||
| 2023 | 4.24% | -2.51% | 2.58% | 0.60% | -0.83% | 1.80% | 1.77% | -1.27% | -2.23% | -1.32% | 4.99% | 4.16% | 12.22% |
| 2022 | -1.28% | -2.37% | -1.44% | -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% | 0.58% | -1.48% |
| 2020 | -0.32% | -0.85% | -9.03% | 3.78% | 4.44% | 1.09% | 3.02% | 0.63% | -0.94% | 0.32% | 4.08% | -0.30% | 5.31% |
| 2019 | -0.11% | 0.88% | 1.85% | 0.75% | -1.38% | 0.65% | 0.96% | -0.63% | 0.21% | 3.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MOFIX is 40, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Mercer Opportunistic Fixed Income Fund (MOFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Mercer Opportunistic Fixed Income Fund granted a 6.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.30 | $0.36 |
Dividend yield | 6.20% | 6.45% | 3.81% | 3.87% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 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 | $0.30 | $0.30 |
| 2021 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.36 |
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.
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 20.23%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Mercer Opportunistic Fixed Income Fund drawdown is 0.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.23% | Dec 17, 2020 | 465 | Oct 21, 2022 | — | — | — |
| -15.08% | Oct 29, 2019 | 99 | Mar 23, 2020 | 83 | Jul 21, 2020 | 182 |
| -1.86% | Sep 21, 2020 | 4 | Sep 24, 2020 | 30 | Nov 5, 2020 | 34 |
| -1.59% | Jul 23, 2019 | 29 | Aug 30, 2019 | 38 | Oct 24, 2019 | 67 |
| -0.55% | Apr 18, 2019 | 10 | May 2, 2019 | 16 | May 24, 2019 | 26 |
Volatility
Volatility Chart
The current Mercer Opportunistic Fixed Income Fund volatility is 1.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.