Mercer Fundamental Indexation Global Equity CCF Class M-1€ Hedged Acc

The investment objective of the Sub-Fund is to seek long term growth of capital and income. The Sub-Fund will seek to achieve its objective by investing predominantly in global equity securities that as far as possible and practicable reflect the component global equity securities of the Benchmark Index. The Sub-Fund intends to use optimisation techniques in order to achieve a similar return to the Benchmark Index and it is therefore not expected that the Sub-Fund will hold each and every underlying constituent of the Benchmark Index at all times or hold them in the same proportion as their weightings in the Benchmark Index. The Sub-Fund may hold some instruments that are not underlying constituents of the Benchmark Index where such instruments provide similar performance (with matching risk profile) to certain instruments that make up the Benchmark Index. However, from time to time the Sub-Fund may hold all the constituents of the Benchmark Index.