- ISIN
- US58805V8744
- Issuer
- Mercer Funds
- Inception Date
- Aug 15, 2005
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MSCGX Performance Chart
Mercer US Small/Mid Cap Equity Fund (MSCGX) is up 12.3% since the beginning of the year. MSCGX is currently trading at $12 per share. Investors who bought $1,000 worth of MSCGX shares 5 years ago would now be looking at an investment worth $1,397.
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Returns By Period
Mercer US Small/Mid Cap Equity Fund (MSCGX) has returned 12.25% so far this year and 24.11% over the past 12 months.
Mercer US Small/Mid Cap Equity Fund
- 1D
- 0.81%
- 1M
- 2.21%
- YTD
- 12.25%
- 6M
- 12.07%
- 1Y
- 24.11%
- 3Y*
- 15.11%
- 5Y*
- 6.91%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MSCGX Monthly Returns History
Based on dividend-adjusted daily data since Apr 12, 2019, MSCGX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +14.5%, while the worst month was Mar 2020 at -21.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MSCGX closed higher 50% of trading days. The best single day was Dec 16, 2021 with a return of +20.9%, while the worst single day was Dec 17, 2021 at -18.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.05% | 2.86% | -5.22% | 9.06% | 1.22% | 0.24% | 12.25% | ||||||
| 2025 | 5.98% | -8.16% | -4.03% | -2.67% | 5.10% | 3.92% | 1.71% | 4.24% | -0.59% | -0.77% | 2.41% | 0.18% | 6.52% |
| 2024 | -1.38% | 6.24% | 4.29% | -6.05% | 3.13% | -1.65% | 6.35% | 0.50% | 1.07% | -1.22% | 9.92% | -7.15% | 13.39% |
| 2023 | 9.17% | -1.77% | -3.42% | -1.77% | -3.21% | 8.80% | 3.81% | -2.38% | -4.41% | -5.80% | 7.92% | 9.33% | 15.35% |
| 2022 | -7.91% | -0.00% | 0.34% | -7.54% | 0.92% | -8.54% | 10.03% | -3.07% | -9.12% | 10.14% | 4.56% | -5.60% | -16.91% |
| 2021 | 0.64% | 7.36% | 3.06% | 4.63% | -0.21% | 0.55% | 0.62% | 2.46% | -2.94% | 4.89% | -2.95% | 4.40% | 24.32% |
Benchmark Metrics
Mercer US Small/Mid Cap Equity Fund has an annualized alpha of -1.90%, beta of 1.01, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since April 15, 2019.
- This fund participated in 102.63% of S&P 500 Index downside but only 91.25% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.90%
- Beta
- 1.01
- R²
- 0.62
- Upside Capture
- 91.25%
- Downside Capture
- 102.63%
Expense Ratio
MSCGX has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MSCGX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Mercer US Small/Mid Cap Equity Fund (MSCGX) and compare them to S&P 500 Index.
| MSCGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 2.24 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.77 | 3.07 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.93 | +0.26 |
Martin ratioReturn relative to average drawdown | 11.45 | 13.52 | -2.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Mercer US Small/Mid Cap Equity Fund provided a 6.87% dividend yield over the last twelve months, with an annual payout of $0.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.86 | $1.20 | $0.41 | $0.83 | $2.61 |
Dividend yield | 6.87% | 7.71% | 10.73% | 3.77% | 8.42% | 20.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Mercer US Small/Mid Cap 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 | $0.86 | $0.86 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2021 | $2.61 | $2.61 |
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 US Small/Mid Cap 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 US Small/Mid Cap Equity Fund was 41.30%, occurring on Mar 23, 2020. Recovery took 146 trading sessions.
The current Mercer US Small/Mid Cap Equity Fund drawdown is 0.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.30%Mar 2020 | 2mo 6d | 7mo 18d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -35.66%Sep 2022 | 9mo 13d | 3y 2mo | 3y 12moDec 2021 - Dec 2025 |
2026 pullback2026 | -9.22%Mar 2026 | 1mo 5d | 18d | 1mo 23dFeb 2026 - Apr 2026 |
2021 pullback2021 | -8.01%Dec 2021 | 14d | 15d | 29dNov 2021 - Dec 2021 |
2019 pullback2019 | -7.81%Aug 2019 | 21d | 2mo 18d | 3mo 9dJul 2019 - Nov 2019 |
Drawdown Indicators
| MSCGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.30% | -56.78% | +15.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -9.10% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -24.28% | -18.90% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.66% | -25.43% | -10.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.74% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -10.72% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.97% | +0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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