MNCYX — Mercer Non-US Core Equity Fund
Data updated: 2026-08-21
MNCYX — Mercer Non-US Core Equity Fund. Developed ex-US Multi-Cap / All-Cap Blend / Core Equity · $4.78B AUM. Holdings, fees, performance and SEC filings.
MNCYX Fund Overview
MNCYX — Mercer Non-US Core Equity Fund is a US mutual fund managed by Mercer Funds, categorised as Developed ex-US Multi-Cap / All-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: Developed ex-US Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $4.78B
- Ticker: MNCYX
- SEC CIK: 0001320615
- SEC series ID: S000010040
- Share class ID: C000027787
MNCYX Investment Objective and Strategy
Mercer Non-US Core 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
The Fund invests principally in equity securities (such as common stock) issued by non-U.S. companies of any capitalization, located in the worlds developed and emerging capital markets. The Fund employs a core equity investment strategy that seeks to meet the Funds investment objective by investing in both growth- and value-oriented equity securities. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in the equity securities of non-U.S. companies. (If the Fund changes this investment policy, the Fund will notify shareholders at least 60 days in advance of the change.) 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.
Certain subadvisors may employ a quantitative investment process in seeking to achieve the Funds investment objective, which may lead to higher than expected portfolio turnover for the Fund. Securities of non-U.S. companies generally include all securities included in the Funds benchmark index. In addition, securities of non-U.S. companies may include: (a) securities of companies that are organized under the laws of, or maintain their principal places of business in, countries other than the United States; (b) securities for which the principal trading market is in a country other than the United States; (c) securities issued or guaranteed by the government of a country other than the United States, such governments agencies or instrumentalities, or the central bank of such country; (d) securities denominated in the currency issued by a country other than the United States; (e) securities of companies that derive at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in countries other than the United States or have at least 50% of their assets in countries other than the United States; (f) equity securities of companies in countries other than the United States, in the form of depositary receipts; or (g) securities issued by pooled investment vehicles that invest primarily in securities or derivative instruments that derive their value from securities of non-U.S.
companies. The Fund may invest in derivative instruments, such as exchange-listed equity futures contracts, 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.
MNCYX Holdings
Top 10 holdings of Mercer Non-US Core Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ASML Holding NV | 2.80% |
| Kioxia Holdings Corp | 1.40% |
| State Street Global Advisors | 1.34% |
| UniCredit SpA | 1.12% |
| Taiwan Semiconductor Manufacturing Co Ltd | 1.10% |
| TotalEnergies SE | 1.05% |
| Roche Holding AG | 0.98% |
| Sandoz Group AG | 0.93% |
| UBS Group AG | 0.91% |
| Legrand SA | 0.88% |
MNCYX Portfolio Allocation
Asset-class allocation of Mercer Non-US Core Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.9% |
| Cash & Equivalents | 1.3% |
MNCYX Performance
Total returns for MNCYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.7% |
MNCYX Costs and Fees
MNCYX costs about $52 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.52%
- Gross expense ratio: 0.74%
- Portfolio turnover: 67%
- Brokerage commissions: 3.57 bps of average net assets (SEC N-CEN)
MNCYX Cashflows
Over the 12 months to 2026-06, Mercer Non-US Core Equity Fund had net inflows of $789.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.49M |
| 2026-05 | −$21.80M |
| 2026-04 | −$66.62M |
| 2026-03 | $144.37M |
| 2026-02 | −$19.13M |
| 2026-01 | −$40.95M |
MNCYX Debt Constituents
No individual debt constituents are reported in Mercer Non-US Core Equity Fund's latest SEC N-PORT filing.
MNCYX Prospectus and SEC Filings
Official Mercer Non-US Core 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 Developed ex-US Multi-Cap / All-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.