MSCGX Performance — Mercer US Small/Mid Cap Equity Fund, Class Y-3
Data updated: 2026-08-21
MSCGX returned +18.19% year to date and +26.71% over one year to Jun 2026. Annualised returns are +15.37% over 3 years and +7.87% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $154, against $150 for the category, and to $127 over one year, against $122. Volatility over the past three years was 16.25% a year. In the 12 months to Jun 2026 the fund lost a net $22.2M, and assets reached $1.89B.
MSCGX Growth of $100
What $100 invested in Mercer US Small/Mid Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | MSCGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $127 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $154 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $146 | $147 |
| Since data start (Jul 2019 – Jun 2026) | $214 | $208 |
MSCGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.19% |
| 1 year | +26.71% |
| 3 years (annualised) | +15.37% |
| 5 years (annualised) | +7.87% |
MSCGX Annual Returns
Calendar-year total returns of Mercer US Small/Mid Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +18.19% |
| 2025 | +6.44% |
| 2024 | +13.47% |
| 2023 | +15.26% |
| 2022 | −16.75% |
| 2021 | +24.37% |
| 2020 | +15.70% |
| 2019 (Jul–Dec) | +8.35% |
MSCGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.0% | +2.9% | −5.2% | +9.1% | +1.2% | +5.5% | — | — | — | — | — | — |
| 2025 | +4.0% | −4.4% | −6.1% | −2.7% | +4.8% | +4.2% | +1.7% | +3.9% | −0.3% | −0.3% | +2.3% | −0.2% |
| 2024 | −1.4% | +6.2% | +4.3% | −6.0% | +3.1% | −1.7% | +6.3% | +0.5% | +1.1% | −1.2% | +9.9% | −7.1% |
| 2023 | +9.2% | −1.8% | −3.4% | −1.8% | −3.2% | +8.8% | +3.8% | −2.4% | −4.4% | −5.8% | +7.9% | +9.2% |
| 2022 | −7.9% | 0.0% | +0.3% | −7.5% | +0.9% | −8.5% | +10.0% | −3.1% | −9.1% | +10.1% | +4.6% | −5.4% |
| 2021 | +0.4% | +7.4% | +3.1% | +4.6% | −0.2% | +0.5% | +0.6% | +2.5% | −2.9% | +4.9% | −2.9% | +4.7% |
| 2020 | −2.5% | −9.3% | −21.1% | +14.5% | +8.2% | +1.8% | +4.6% | +4.5% | −2.5% | +1.5% | +14.1% | +6.5% |
| 2019 | — | — | — | — | — | — | +1.1% | −3.9% | +1.9% | +2.1% | +4.9% | +2.2% |
MSCGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.25%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +9.92% (Nov 2024)
- Worst month: −7.09% (Dec 2024)
MSCGX Fund Flows
Monthly money in and out of Mercer US Small/Mid Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$22.2M
- 12-month gross sales (incl. reinvestments): $405.9M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.7M | $54.8M | −$50.2M |
| May 2026 | $9.1M | $31.5M | −$22.4M |
| Apr 2026 | $3.1M | $31.2M | −$28.2M |
| Mar 2026 | $26.8M | $25.8M | $986K |
| Feb 2026 | $51.2M | $27.5M | $23.6M |
| Jan 2026 | $7.9M | $36.2M | −$28.3M |
| Dec 2025 | $137.0M | $84.0M | $52.9M |
| Nov 2025 | $119.6M | $7.2M | $112.4M |
| Oct 2025 | $9.5M | $18.7M | −$9.3M |
| Sep 2025 | $17.7M | $24.7M | −$7.1M |
| Aug 2025 | $1.1M | $44.3M | −$43.2M |
| Jul 2025 | $18.5M | $42.0M | −$23.6M |
MSCGX Assets Under Management
Net assets of Mercer US Small/Mid Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.89B |
| 2026-03-31 | $1.71B |
| 2025-12-31 | $1.69B |
| 2025-09-30 | $1.63B |
| 2025-06-30 | $1.62B |
| 2025-03-31 | $1.66B |
| 2024-12-31 | $1.75B |
| 2024-09-30 | $1.70B |
| 2024-06-30 | $1.65B |
| 2024-03-31 | $1.80B |
| 2023-12-31 | $1.61B |
| 2023-09-30 | $1.50B |
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.