Mercer Euro Nominal Bond Long Duration Fund M6 EUR/  IE00BH4TR881  /

The investment objective of the Sub-Fund is to seek to generate returns which closely match the returns achieved on a portfolio of long-dated Euro denominated bonds by primarily investing in a broad range of Euro denominated money market instruments and fixed income securities. The Sub-Fund will passively invest primarily in Euro denominated fixed income securities issued by Eurozone governments. Debt securities are securities which represent an obligation of the entity issuing the security to repay the amount received for the security plus interest. The interest rates paid may be variable or fixed and payment may be deferred or paid in kind. The Sub-Fund will primarily invest in long-dated bonds with a minimum long-term debt rating of at least C by Standard and Poor's, or equivalent by Moody's or other rating agency. In purchasing securities for the SubFund, the Investment Manager (or its delegate) will also invest in bonds which have a short term (maturity of less than one year) debt rating of at least C by Standard and Poor's, or equivalent by Moody's or other rating agency. Where no rating agency is available, the Investment Manager (or its delegate) may assign its own rating, which must be deemed the equivalent of C or better as rated by Standard and Poor's, or equivalent by Moody's or other rating agency.

The investment objective of the Sub-Fund is to seek to generate returns which closely match the returns achieved on a portfolio of long-dated Euro denominated bonds by primarily investing in a broad range of Euro denominated money market instruments and fixed income securities.