Mercer Global Credit Fund M-1 EUR Hedged/  IE00B86YYZ49  /

The investment objective of the Fund is to provide income and capital growth. The Fund is actively managed and will seek to outperform the Bloomberg Customised Global Diversified Credit ex Subordinated Financials Index unhedged (the "Index") by 0.5% - 0.75%, gross of the fees of the Manager, the Investment Manager and the Distributor, but net of all other fees and expenses of the Fund, on average per annum over the medium to long term. The Investment Manager (or its delegates) may use its discretion to invest in, for example, securities, issuers, companies or sectors not included in the Index. The Index measures the performance of government and non-government treasury securities, corporate bonds, mortgage-backed securities (MBS), asset-backed securities (ABS), including both developed and emerging markets. The Fund does not intend to track the Index and there is no guarantee that the Sub-Fund will outperform the Index. The Fund is anticipated to have a tracking error within a range of 0.25- 2.25%, on an ex-post basis over the medium to long term under normal market conditions, although this is not a target or a restriction and there is no guarantee the Fund will stay within this range. Tracking error is an indicator of the degree to which the Fund's performance may deviate from that of the Index.

The investment objective of the Fund is to provide income and capital growth.