MCFIX Fees and Costs — Mercer Core Fixed Income Fund, Class Y-3
Data updated: 2026-08-21
The net expense ratio is 0.14%: a 0.27% management fee plus 0.06% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 125%.
MCFIX Fees and Expenses
Annual operating expenses and sales charges of MCFIX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.33% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MCFIX Costs Over Time
On $10,000 invested in MCFIX, assuming 5% a year before costs, total costs come to $90 over 5 years, cutting the return by 0.15% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $90 |
| Value after costs | $10,485 | $11,527 | $12,673 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
MCFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $5.1B
- Portfolio turnover (prospectus): 125%
- Securities on loan, average value: $24.6M
- Net income from securities lending: $72K (0.005% of average net assets)
MCFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14K | 98.23% |
| Morgan Stanley & Co. LLC | $246 | 1.77% |
MCFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.1B | 24.94% |
| Citigroup Global Markets Inc. | $522.2M | 12.29% |
| Barclays Capital Inc. | $464.2M | 10.92% |
| BofA Securities, Inc. | $448.7M | 10.56% |
| Goldman Sachs & Co. LLC | $406.5M | 9.57% |
| Citadel Securities LLC | $344.4M | 8.10% |
| Morgan Stanley & Co. LLC | $286.1M | 6.73% |
| BMO Capital Markets Corp. | $271.9M | 6.40% |
| Deutsche Bank Securities Inc. | $242.3M | 5.70% |
| BNP Paribas Securities Corp. | $202.7M | 4.77% |
Mercer Core Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCFIX | Class Y-3 | 0.14% | — |
| MCFWX | Class Y-2 | 0.29% | — |
| MCFQX | Class I | 0.39% | — |
| MCFVX | Adviser Class | 0.64% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.