Mercer Global High Yield Bond Fund Z1-0.0000-JPY/  IE000JIRL8Q4  /

The Fund is actively managed and will seek to outperform the ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index (the "Index") by 0.2% - 0.5%, 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 may use its discretion to invest in, for example, securities, issuers, companies or sectors not included in the Index. The Index includes USD, CAD, GBP and EUR denominated, BB-B rated (based on the average of Moody's, S&P and Fitch) corporate debt publicly issued in the major domestic or eurobond markets. There is no guarantee the Fund will outperform the Index. The Fund will seek to achieve its objective by primarily investing in a diversified portfolio of below investment grade (i. e. debt securities which are rated lower than Baa3 by Moody's Investor Services or lower than BBB- by Standard & Poor's ) fixed and floating rate debt securities including bonds and other fixed income securities of varying maturities. Debt securities will be issued by governments and corporate entities globally and will be denominated in major currencies. 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 Fund seeks to promote environmental and social characteristics within the meaning of Article 8 of the Sustainable Finance Disclosure Regulation ("SFDR").

The Fund is actively managed and will seek to outperform the ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index (the "Index") by 0.2% - 0.5%, 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 may use its discretion to invest in, for example, securities, issuers, companies or sectors not included in the Index. The Index includes USD, CAD, GBP and EUR denominated, BB-B rated (based on the average of Moody's, S&P and Fitch) corporate debt publicly issued in the major domestic or eurobond markets. There is no guarantee the Fund will outperform the Index.