Pursuing Superior Returns by Investing in Demographic Growth

Three structural demographic forces are reshaping consumption, capital formation, and demand across the U.S. economy. Mercury identifies the equities positioned to disproportionately benefit from these forces over the coming years, and holds them through the full duration of their respective demographic shifts.


Five-Star Morningstar Rating

Rated in the top decile of the Large Growth category for risk-adjusted returns over the three-, five-, and 10-year periods.

★★★★★ Overall
★★★★★ 3-Year
★★★★★ 5-Year
★★★★★ 10-Year
Ratings as of December 31, 2025. Morningstar category: Large Growth.
Top decile for risk-adjusted returns

The Morningstar Rating measures risk-adjusted returns. Morningstar scores strategies in a category against one another across three-, five-, and ten-year periods, and the overall rating is a weighted composite. The rating also accounts for volatility: an uneven return series scores lower than a steady one with the same annualized return. Morningstar awards the 5 star rating to strategies with scores in the top 10% of their category. Mercury holds a 5-star rating in every period Morningstar tracks.

Morningstar Rating methodology: Rating Methodology Factsheet (PDF)

Two Decades of Outperforming the S&P 500

All returns shown are net of fees. Past performance is not indicative of future results.

3-Year +31.2% vs. S&P 500 +20.4% +29.4% compounded outperformance
5-Year +21.4% vs. S&P 500 +13.3% +41.2% compounded outperformance
10-Year +21.9% vs. S&P 500 +15.6% +70.0% compounded outperformance
Since Inception +15.1% vs. S&P 500 +11.7% +100.8% compounded outperformance

Returns for periods longer than one year are annualized. All returns shown are net of fees.

$0 $5 $10 $15 $20 $25 $30 2003 2009 2014 2020 2026 $26.14 MIG $13.23 S&P 500

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