MSCWX — Mercer US Small/Mid Cap Equity Fund
Data updated: 2026-08-21
MSCWX — Mercer US Small/Mid Cap Equity Fund. United States Mid Cap Blend / Core Equity · $1.89B AUM. Holdings, fees, performance and SEC filings.
MSCWX Fund Overview
MSCWX — Mercer US Small/Mid Cap Equity Fund is a US mutual fund managed by Mercer Funds, categorised as United States 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: United States Mid Cap Blend / Core Equity
- Assets under management: $1.89B
- Ticker: MSCWX
- SEC CIK: 0001320615
- SEC series ID: S000010038
- Share class ID: C000027779
MSCWX Investment Objective and Strategy
Mercer US Small/Mid Cap 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, comprised primarily of capital appreciation.
Principal investment strategy
The Fund invests principally in equity securities (such as common stock) issued by small-to-medium capitalization U.S. companies. 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 small-to-medium capitalization 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.
For purposes of this investment policy, the Fund considers small to medium capitalization U.S. companies to be U.S. companies with market capitalizations between $25 million and the largest company included in the Russell 2500 Index (as of June 30, 2018, $13.6 billion). 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.
MSCWX Holdings
Top 10 holdings of Mercer US Small/Mid Cap Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Comfort Systems USA Inc | 1.26% |
| Jazz Pharmaceuticals PLC | 1.00% |
| Ascendis Pharma A/S | 0.95% |
| MACOM Technology Solutions Holdings Inc | 0.87% |
| Advanced Energy Industries Inc | 0.84% |
| FTAI Aviation Ltd | 0.81% |
| Natera Inc | 0.78% |
| API Group Corp | 0.78% |
| MKS Inc | 0.71% |
| BJ's Wholesale Club Holdings Inc | 0.70% |
MSCWX Portfolio Allocation
Asset-class allocation of Mercer US Small/Mid Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.1% |
| Cash & Equivalents | 0.6% |
MSCWX Performance
Total returns for MSCWX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.5% |
MSCWX Costs and Fees
MSCWX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.86%
- Portfolio turnover: 59%
- Brokerage commissions: 4.95 bps of average net assets (SEC N-CEN)
MSCWX Cashflows
Over the 12 months to 2026-06, Mercer US Small/Mid Cap Equity Fund had net outflows of $22.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$50.15M |
| 2026-05 | −$22.37M |
| 2026-04 | −$28.18M |
| 2026-03 | $985.82K |
| 2026-02 | $23.63M |
| 2026-01 | −$28.34M |
MSCWX Debt Constituents
No individual debt constituents are reported in Mercer US Small/Mid Cap Equity Fund's latest SEC N-PORT filing.
MSCWX Prospectus and SEC Filings
Official Mercer US Small/Mid Cap 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 United States 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.