Expense Ratio History

MNCDX expense ratio history

Mercer Non-US Core Equity Fund, Adviser Class

Fund company
Mercer
Type
Mutual fund

1.25%

In basis points
125 basis points
Yearly cost per $10,000
$125
Prospectus dated
31 July 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.26% on 31 July 2025

Fee over time

MNCDX expense ratio: 1.42% until 31 Jul 2013, then 1.36%; 1.36% until 31 Jul 2015, then 1.34%; 1.34% until 31 Jul 2016, then 1.30%; 1.30% until 31 Jul 2018, then 1.29%; 1.29% until 31 Jul 2020, then 1.28%; 1.28% until 31 Jul 2021, then 1.26%; 1.26% until 31 Jul 2025, then 1.25%; read at 1.25% on 31 Jul 2025.0.00%0.50%1.00%1.50%2.00%Jul 2011Dec 2013May 2016Oct 2018Mar 2021Aug 20231.42% before1.25% from 31 Jul 2025
MNCDX expense ratio: 1.42% until 31 Jul 2013, then 1.36%; 1.36% until 31 Jul 2015, then 1.34%; 1.34% until 31 Jul 2016, then 1.30%; 1.30% until 31 Jul 2018, then 1.29%; 1.29% until 31 Jul 2020, then 1.28%; 1.28% until 31 Jul 2021, then 1.26%; 1.26% until 31 Jul 2025, then 1.25%; read at 1.25% on 31 Jul 2025.0.00%0.50%1.00%1.50%2.00%Jul 2011Apr 2016Jan 20211.42% before1.25% from 31 Jul 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
MNCDX (this page) Adviser Class 1.25% 0.87% 31 Jul 2025
MNCSX Class I 1.00% 0.62% 31 Jul 2025
MNCYX Class Y-2 0.90% 0.52% 31 Jul 2025
MNCEX Class Y-3 0.75% 0.37% 31 Jul 2025

Every figure we've recorded

DateFeeWhat happened
31 Jul 2025 1.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2025 1.25% Cut from 1.26% to 1.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-07-25
31 Jul 2024 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2023 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2022 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2021 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2021 1.26% Cut from 1.28% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-07-29
31 Jul 2020 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2020 1.28% Cut from 1.29% to 1.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-08-07
31 Jul 2019 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-07-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Mar 2019 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Jul 2018 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2018 1.29% Cut from 1.30% to 1.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-08-07
31 Jul 2017 1.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2016 1.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2016 1.30% Cut from 1.34% to 1.30%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-08-08
31 Jul 2015 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2015 1.34% Cut from 1.36% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-08-06
31 Jul 2014 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2013 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2013 1.36% Cut from 1.42% to 1.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-08-08
30 Jul 2012 1.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-07-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jul 2011 1.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-07-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.25% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,518 in fees over 10 years

After fees, $10,000 grows to $14,407.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$128
3 years$399
5 years$690
10 years$1,518

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 16 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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