Mercer Sustainable Global Equity Fund M-2$

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 in a diversified portfolio of global equity securities. The Sub-Fund will use socially responsible investment criteria to include or exclude certain investments. The Sub-Fund will seek to achieve its objective through a policy of primarily holding direct investments, which will generally be made across a diversified range of equity securities listed on Recognised Markets across Developed Markets and will include common stocks, warrants and units/shares of equity-related investment funds which fall within the categories of funds set out in the Central Bank UCITS Regulations. Investment by the Sub-Fund in warrants will not exceed 5% of the Sub-Fund’s Net Asset Value.