MOFIX Fees and Costs — Mercer Opportunistic Fixed Income Fund, Class Y-3
Data updated: 2026-08-21
The net expense ratio is 0.51% (0.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $138K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 246%.
MOFIX Fees and Expenses
Annual operating expenses and sales charges of MOFIX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.51% |
| 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 |
MOFIX Costs Over Time
On $10,000 invested in MOFIX, assuming 5% a year before costs, total costs come to $327 over 5 years, cutting the return by 0.54% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $179 | $327 |
| Value after costs | $10,446 | $11,398 | $12,436 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
MOFIX 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): 0.0071%
- Total broker commissions: $138K
- Bought from dealers (principal trades, not a cost): $31.5B
- Portfolio turnover (prospectus): 246%
- Securities on loan, average value: $68.1M
- Net income from securities lending: $481K (0.025% of average net assets)
MOFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $84K | 61.22% |
| J.P. Morgan Securities LLC | $11K | 8.22% |
| Raymond James & Associates, Inc. | $10K | 7.23% |
| Stonex Financial Inc. | $7K | 4.85% |
| Jefferies LLC | $6K | 4.48% |
| National Financial Services LLC | $6K | 4.15% |
| TD Securities (USA) LLC | $4K | 2.91% |
| Wells Fargo Securities, LLC | $3K | 2.48% |
| Stifel, Nicolaus & Company, Incorporated | $3K | 2.32% |
| UBS Securities LLC | $3K | 2.15% |
MOFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6.3B | 21.92% |
| Goldman Sachs & Co. LLC | $5.6B | 19.44% |
| BNP Paribas Securities Corp. | $3.6B | 12.47% |
| Deutsche Bank Securities Inc. | $3.5B | 12.22% |
| Morgan Stanley & Co. LLC | $2.9B | 10.10% |
| Citigroup Global Markets Inc. | $2.6B | 8.98% |
| J.P. Morgan Securities LLC | $2.1B | 7.19% |
| Barclays Capital Inc. | $1.4B | 4.90% |
| Wells Fargo Securities, LLC | $430.5M | 1.50% |
| HSBC Securities (USA) Inc. | $368.4M | 1.29% |
Mercer Opportunistic 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 |
|---|---|---|---|
| MOFIX | Class Y-3 | 0.51% | — |
| MOFYX | Class Y-2 | 0.66% | — |
| MOFTX | Class I | 0.76% | — |
| MOFAX | Adviser Class | 1.01% | — |
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.