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Morningstar

Mercer Core Fixed Income Y3 MCFIX

Morningstar Medalist Rating
Medalist Rating as of | See Mercer Investment Hub
  • NAV / 1-Day Return 8.88  /  −0.22 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.150%
  • Expense Ratio 0.150%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.78%
  • Effective Duration 6.26 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 11:56 PM GMT+0

Morningstar’s Analysis MCFIX

Will MCFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MCFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Mercer Core Fixed Income Y3’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MCFIX

More MCFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future June 24

3.25 66.1 Mil
Government

United States Treasury Notes 4%

1.93 39.3 Mil
Government

United States Treasury Notes 4%

1.39 28.3 Mil
Government

Us 5yr Note (Cbt) Jun24 Xcbt 20240628

1.39 28.2 Mil
Government

S8abusvm0 Irs Usd R F 5.38429 2 Ccpbasisswap

1.14 23.1 Mil
Government

United States Treasury Bonds 4.5%

1.13 22.9 Mil
Government

United States Treasury Bonds 3.375%

1.11 22.5 Mil
Government

United States Treasury Bonds 3%

1.06 21.6 Mil
Government

United States Treasury Bonds 3.375%

1.04 21.2 Mil
Government

United States Treasury Bonds 4%

1.00 20.3 Mil
Government