MSDZX — Mercer Short Duration Fixed Income Fund

MSDZX Fund Overview

MSDZX — Mercer Short Duration Fixed Income Fund is a US mutual fund managed by Mercer Funds, categorised as Intermediate Total / Aggregate Bond. 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: Intermediate Total / Aggregate Bond
• Assets under management: $90.94M
• Ticker: MSDZX
• SEC CIK: 0001320615
• SEC series ID: S000082908
• Share class ID: C000246250

MSDZX Investment Objective and Strategy

Mercer Short Duration Fixed Income 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 total return, consisting of both current income and capital appreciation.

Principal investment strategy

In seeking to achieve the Funds investment objective of total return, the Fund invests in fixed income securities of U.S. and foreign issuers. The Fund invests primarily in U.S. dollar-denominated, investment grade bonds, including government securities, corporate bonds, and securitized bonds such as mortgage- and asset-backed securities, among others. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in fixed income securities. If the Fund changes this investment policy, the Fund will notify shareholders at least 60 days in advance of the change. The Fund also may invest a significant portion of its assets in any combination of non-investment grade debt instruments (sometimes called high yield or junk bonds), floating rate senior loans, non-U.S.

dollar denominated bonds, and bonds issued by issuers in emerging capital markets, while limiting its investment in non-investment grade bonds to not more than 20% of its net assets. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended. The Fund may invest in derivative instruments, such as options, futures, and swap agreements. The Fund may engage in transactions in derivatives for a variety of purposes, including changing the investment characteristics of its portfolio, enhancing total returns, or as a substitute for taking a position in the underlying asset. 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.

The Funds duration will typically fall between one and three years. Duration is a measure of the sensitivity of the price of a debt security (or a portfolio of debt securities) to changes in interest rates. The prices of debt securities with shorter durations generally will be less affected by changes in interest rates than the prices of debt securities with longer durations. For example, a 1% rise in interest rates will generally result in a 1% fall in value for every year of duration. Conversely, a 1% decline in interest rates will generally result in a 1% increase in the value of a debt securitys market price.

MSDZX Holdings

Top 10 holdings of Mercer Short Duration Fixed Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all MSDZX holdings

MSDZX Portfolio Allocation

Asset-class allocation of Mercer Short Duration Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

MSDZX Performance

Total returns for MSDZX (as of 2026-10-01), from SEC filings.

MSDZX Risk Information

Risk metrics for MSDZX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.1%

MSDZX Costs and Fees

MSDZX costs about $70 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.70%
• Gross expense ratio: 1.37%
• Portfolio turnover: 166%
• Brokerage commissions: 0.22 bps of average net assets (SEC N-CEN)

MSDZX Cashflows

Over the 12 months to 2026-06, Mercer Short Duration Fixed Income Fund had net inflows of $36.17M, from monthly SEC N-PORT filings.

MSDZX Debt Constituents

Largest debt holdings of Mercer Short Duration Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

MSDZX Prospectus and SEC Filings

Official Mercer Short Duration Fixed Income 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 Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• Vanguard Total International Bond II Index Fund (VTIIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)

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.