MSCJX
Mercer US Small/Mid Cap Equity Fund
Mercer Funds
Expense ratio1
1.00%
Net assets2
$1.71B
Holdings2
460
Category
US Equity
Return

Investment objective & strategy

As of July 25, 2025 · prospectus

Objective. The investment objective of the Fund is to provide long-term total return, comprised primarily of capital appreciation.

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 … 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, 2025, $23.9 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. In addition, certain subadvisers may employ a quantitative investment process in seeking to achieve the Funds investment objective.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
COMFORT SYSTEMS USA INC $34.44M 2.01%
INSMED INC $19.55M 1.14%
BJS WHSL CLUB HLDGS INC $18.69M 1.09%
Ascendis Pharma A/S $17.24M 1.01%
JAZZ PHARMA PLC $16.81M 0.98%
JABIL INC $15.21M 0.89%
FTAI AVIATION LTD $14.28M 0.83%
ADV ENERGY INDS $14.13M 0.82%
API GROUP CORP $13.86M 0.81%
TAPESTRY INC $12.97M 0.76%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
40
Exited
44
Increased
115
Decreased
157
Unchanged
148

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of March 31, 2025 · N-CEN
FirmRole
Westfield Capital Management Company, L.P. Sub-adviser
Loomis, Sayles & Company, L.P. Sub-adviser
LSV Asset Management Sub-adviser
Parametric Portfolio Associates, LLC Sub-adviser
GW&K Investment Management, LLC Sub-adviser
River Road Asset Management, LLC Sub-adviser
Mercer Investments LLC Adviser

Footnotes

  1. Expense ratio as of July 25, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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