MEMWX — Mercer Emerging Markets Equity Fund
Data updated: 2026-08-21
MEMWX — Mercer Emerging Markets Equity Fund. Emerging Markets Mid Cap Blend / Core Equity · $1.51B AUM. Holdings, fees, performance and SEC filings.
MEMWX Fund Overview
MEMWX — Mercer Emerging Markets Equity Fund is a US mutual fund managed by Mercer Funds, categorised as Emerging Markets Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mercer Funds
- Category: Emerging Markets Mid Cap Blend / Core Equity
- Assets under management: $1.51B
- Ticker: MEMWX
- SEC CIK: 0001320615
- SEC series ID: S000034610
- Share class ID: C000106517
MEMWX Investment Objective and Strategy
Mercer Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mercer Funds.
Investment objective
The investment objective of the Fund is to provide long-term total return, which includes capital appreciation and income.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings, in equity securities (such as dividend-paying securities, common stock and preferred stock) of companies that are located in emerging markets, other investments that are tied economically to emerging markets, as well as in American, European, and Global Depositary Receipts (Depositary Receipts). (If the Fund changes this investment policy, the Fund will notify shareholders at least 60 days in advance of the change.) The Fund invests in large, medium and small capitalization companies. For purposes of the 80% test, equity securities include securities such as common stock, preferred stock, and other securities that are not debt securities, cash or cash equivalents. The Funds portfolio securities are denominated primarily in foreign currencies and are typically held outside the U.S.
Stock index futures and various types of swaps may be used to implement the country selection component of the Funds investment strategy. Currency forwards may be used to make stock-selection and country allocation decisions independently of the underlying currency. The Fund may invest in derivative instruments, such as exchange-listed equity futures contracts, swaps, and currency forwards to gain market exposure on cash balances or to reduce market exposure in anticipation of liquidity needs. Investments in derivatives may be applied toward meeting a requirement to invest in a particular kind of investment if the derivatives have economic characteristics similar to that investment. Certain subadvisors may employ a systematic and quantitative investment process in seeking to achieve the Funds investment objective, which may lead to higher than expected portfolio turnover for the Fund.
Emerging market countries include all countries represented by the MSCI Emerging Markets Index. In determining if a security is economically tied to an emerging market country the Fund generally looks to the country of incorporation of the issuer as listed on Bloomberg, a widely recognized provider of market information. The Funds subadvisors may determine a security is economically tied to an emerging market country based on other factors, such as an issuers country of domicile, where the majority of an issuers revenues are generated or where an issuers primary exchange is located. As a result, a security may be economically tied to more than one country. With respect to derivative instruments, the Fund generally considers such instruments to be economically tied to emerging market countries if the underlying assets of the derivatives are (i) foreign currencies (or baskets or indices of such currencies); (ii) instruments or securities that are issued by foreign governments or by an issuer economically tied to an emerging market country as described above; or (iii) for certain money market instruments, if either the issuer or the guarantor of such money market instrument is economically tied to an emerging market country as described above.
In addition, the Fund may invest its assets in equity securities of companies that are located in frontier markets countries and other investments that are tied economically to frontier markets countries. Frontier markets is often used to describe the markets of smaller, less accessible, but still investable, countries of the developing world. Frontier market countries include all countries represented by the MSCI Frontier Markets Index. The securities of frontier market companies tend to be considered small and/or micro-cap.
MEMWX Holdings
Top 10 holdings of Mercer Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 13.99% |
| Samsung Electronics Co Ltd | 8.72% |
| SK hynix Inc | 6.29% |
| Tencent Holdings Ltd | 3.00% |
| SK Square Co Ltd | 1.64% |
| MediaTek Inc | 1.43% |
| Alibaba Group Holding Ltd | 1.08% |
| HDFC Bank Ltd | 1.07% |
| Credicorp Ltd | 0.83% |
| State Street Global Advisors | 0.79% |
MEMWX Portfolio Allocation
Asset-class allocation of Mercer Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.1% |
| Cash & Equivalents | 0.8% |
MEMWX Performance
Total returns for MEMWX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 20.2% |
MEMWX Costs and Fees
MEMWX costs about $53 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.53%
- Gross expense ratio: 0.82%
- Portfolio turnover: 49%
- Brokerage commissions: 5.11 bps of average net assets (SEC N-CEN)
MEMWX Cashflows
Over the 12 months to 2026-06, Mercer Emerging Markets Equity Fund had net outflows of $20.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$54.16M |
| 2026-05 | −$37.58M |
| 2026-04 | $31.77M |
| 2026-03 | $12.44M |
| 2026-02 | −$24.66M |
| 2026-01 | −$22.04M |
MEMWX Debt Constituents
No individual debt constituents are reported in Mercer Emerging Markets Equity Fund's latest SEC N-PORT filing.
MEMWX Prospectus and SEC Filings
Official Mercer Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-25
- Prospectus supplement (497) — filed 2026-07-23
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-13
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-06-08
- Annual census (N-CEN) — filed 2025-06-11
Related Funds
Other Emerging Markets Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.