Mercer Opportunistic Fixed Income Fund (MOFIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MOFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MOFIX
MOFIX charges 0.44% annually. There are 4 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | MOFIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | MOFIX vs VMSAX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | MOFIX vs BWDTX | |
| JPMorgan Income Fund Class I | 0.40% | — | Jun 2014 | MOFIX vs JMSIX | |
| Vanguard Multi-Sector Income Bond Inv | 0.45% | — | Oct 2021 | MOFIX vs VMSIX |
Best Risk-Adjusted Alternatives to MOFIX
MOFIX has a PortfoliosLab risk / return rank of 4. There are 90 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | MOFIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | MOFIX vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | MOFIX vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | MOFIX vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | MOFIX vs ODIDX |
Top Performing MOFIX Alternatives (YTD)
MOFIX is at -2.00% YTD. There are 90 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Saba Capital Income & Opportunities Fund | 3.37% | — | Dec 1987 | MOFIX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.86% | — | May 2016 | MOFIX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.67% | — | Nov 2015 | MOFIX vs NWXHX | |
| abrdn Income Credit Strategies Fund | 2.65% | — | Jan 2011 | MOFIX vs ACP | |
| Eaton Vance Strategic Income Fund Class I | 2.63% | — | Apr 2009 | MOFIX vs ESIIX |
Lowest Volatility Alternatives to MOFIX
MOFIX has 2.98% 1-year volatility. There are 39 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | MOFIX vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | MOFIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | MOFIX vs BWDTX | |
| Rational Special Situations Income Fund | 1.37% | — | Jul 2019 | MOFIX vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | MOFIX vs ODIDX |
Lowest Drawdown Alternatives to MOFIX
MOFIX has a 1-year max drawdown of -3.52%. There are 68 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | MOFIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | MOFIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | MOFIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | MOFIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | MOFIX vs BWDTX |
Other Mutual Funds from Mercer Funds
The 4 most viewed Mercer Funds mutual funds shown here include MCFIX, MNCEX, MEMQX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | Intermediate Core-Plus Bond | 3 | -2.67% | — | Aug 2005 | MOFIX vs MCFIX | |
| Mercer Non-US Core Equity Fund | Foreign Large Cap Equities | 66 | 11.37% | — | Aug 2006 | MOFIX vs MNCEX | |
| Mercer Emerging Markets Equity Fund | Emerging Markets Equities | 75 | 19.71% | — | Apr 2012 | MOFIX vs MEMQX | |
| Mercer US Small/Mid Cap Equity Fund | Small Cap Blend Equities | 65 | 16.04% | — | Aug 2005 | MOFIX vs MSCGX |
Often Compared With MOFIX
Investors most often compare MOFIX with JSVIX, CBRDX, DBLIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MOFIX with Any Fund or Stock
Compare MOFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MOFIX with funds that move differently
Mercer Opportunistic Fixed Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MOFIX.
Explore MOFIX Diversifiers