MSCJX Fees and Costs — Mercer US Small/Mid Cap Equity Fund, Adviser Class
Data updated: 2026-08-21
The net expense ratio is 1.00% (1.21% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $824K in broker commissions, 0.0495% of average net assets, and portfolio turnover was 59%.
MSCJX Fees and Expenses
Annual operating expenses and sales charges of MSCJX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.00% |
| 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 |
MSCJX Costs Over Time
On $10,000 invested in MSCJX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,216 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
MSCJX 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): 0.0495%
- Total broker commissions: $824K
- Bought from dealers (principal trades, not a cost): $11.0M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $92.8M
- Net income from securities lending: $155K (0.009% of average net assets)
MSCJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $100K | 18.97% |
| Robert W. Baird & Co. Incorporated | $85K | 16.18% |
| BofA Securities, Inc. | $85K | 16.10% |
| J.P. Morgan Securities LLC | $57K | 10.91% |
| Nomura Securities International, Inc. | $53K | 10.03% |
| Barclays Capital Inc. | $37K | 6.96% |
| BNY Capital Markets, LLC | $34K | 6.48% |
| Morgan Stanley & Co. LLC | $26K | 4.93% |
| Sanford C. Bernstein & Co., LLC | $25K | 4.75% |
| Liquidnet, Inc. | $25K | 4.69% |
MSCJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.5M | 32.10% |
| J.P. Morgan Securities LLC | $2.3M | 20.52% |
| BofA Securities, Inc. | $2.2M | 20.27% |
| Jefferies LLC | $1.5M | 13.59% |
| Barclays Capital Inc. | $936K | 8.47% |
| Citigroup Global Markets Inc. | $380K | 3.44% |
| Morgan Stanley & Co. LLC | $177K | 1.61% |
Mercer US Small/Mid Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSCGX | Class Y-3 | 0.50% | — |
| MSCWX | Class Y-2 | 0.65% | — |
| MSCQX | Class I | 0.75% | — |
| MSCJX | Adviser Class | 1.00% | — |
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.