Mercer Emerging Markets Equity Fund Class I · NASDAQ:MEMSX
Mercer Emerging Markets Equity Fund Class I — Investor Presentation (June 2026)
32 slides from Mercer Emerging Markets Equity Fund Class I's investor presentation, Jun 30, 2026
Slide 1: Mercer Emerging Markets Equity Fund
As of June 30, 2026 Mercer Emerging Markets Equity Fund Investment management and advisory services to be provided by Mercer Investments LLC. Mercer Investments LLC is one of several associated legal entities that provide investments services to clients as part of a global investment advisory and in
Slide 2: Agenda
1. Mercer U.S. Investments Update 2. Emerging Markets Equity Fund Design Process & Performance 3. Sub-Advisor Fund Performance and Positioning 4. Sub-Advisor Investment Summary 5. Investment Team Biographies
Slide 3: Mercer U.S. Investments Update
Mercer U.S. Investments Update
Slide 4: Office Of The CIO
Office Of The CIO Advisory & OCIO Andrew McDougall US Chief Investment Officer Equity Portfolio Management Fixed Income Portfolio Management Manager Research Senior Portfolio Manager Senior Portfolio Manager Portfolio Manager Portfolio Manager Global Research Team Larry Vasquez Sean Chatburn Matt Pa
Slide 5: Emerging Markets Equity Fund Design Process & Performance
Emerging Markets Equity Fund Design Process & Performance
Slide 6: Multi-Manager Equity Fund Investment Process
Multi-Manager Equity Fund Investment Process Understanding the Market Evidence Based Investing Assess Manager Potential Construction and Monitoring Each market is unique with various We apply this understanding to Our team leverages Mercer’s 200+ The markets are not stable, and drivers of returns. A
Slide 7: Public Equities: Regional Breakdown
>$100T Global Market Cap US Equity (c.63% ACWI IMI) Public Equities: c.8,200 US Large Cap US Small Cap • Highly concentrated by sector (IT c.30%) • Diversified by sector (no sector >20%) Regional Breakdown Constituents • Highly concentrated by stock (top 5 >30%; ) • Highly efficient in price discove
Slide 8: Evidence Based Investing: Understanding Factor Related Performance Drivers
Evidence Based Investing: Understanding Factor Related Performance Drivers Guiding principles: We believe the most effective way to capture consistent alpha in custom multi-manager portfolios is to build them with diverse alpha sources, purposeful attention to factor exposures that lead to better di
Slide 9: Assess Manager Potential: Manager Research Process
Assess Manager Potential: Manager Research Process • 6,967 managers Global sourcing / gather data (MercerInsight ) • 32,090 strategies Manager / product reviews | Formal meetings • 11,368 strategies are rated | Internal pipeline / watch list • 58% of rated strategies are A, B+, or B Prioritise candi
Slide 10: Construction and Monitoring
Construction and Monitoring Performance Characteristics Style analytics Barra risk analytics Monitoring • Trading, compliance and performance updates • Quarterly manager calls/meetings with direct access to investment team • Mercer manager research onsite review schedule • Market cycle informs on ri
Slide 11: Mercer Emerging Markets Equity Fund Overview and Performance
Mercer Emerging Markets Equity Fund Overview and Performance Investment Objective: The investment objective of the Fund Net Periodic Performance (%) As of June 30, 2026 is to provide long-term total return, which includes capital Year-to- Inception 3 Month 1 Year 3 Year 5 Year 10 Year Inception appr
Slide 12: Portfolio Characteristics and Exposures
Mercer Emerging Markets Equity Fund Portfolio Characteristics and Exposures Portfolio Region Allocations Sector Allocations Fund Benchmark Characteristics Utilities Wtd Avg Mkt Cap ($M) $523,514 $547,515 Other Communication Services P/E 16.4 19.4 Information Technology LatAm P/B 2.6 3.0 Real Estate
Slide 13: Fund and Subadvisor Performance and Positioning
Fund and Subadvisor Performance and Positioning
Slide 14: Mercer Fund & Subadvisor Performance
Mercer Emerging Markets Equity Fund & Subadvisor Performance As of June 30, 2026 Market Value ($M) QTD YTD 1 yr 3 yr 5 yr 10 yr SI SI Date Emerging Markets Equity – Gross 20.38% 24.51% 42.18% 19.40% 4.79% 8.63% 5.49% Class Y3 Emerging Markets Equity Class Y3 – Net $1,510 20.28% 24.30% 41.68% 18.92%
Slide 15: Mercer Fund Fundamentals
Mercer Emerging Markets Equity Fund Fundamentals As of June 30, 2026 Fundamentals Regional Exposure Top 10 Active Weight Holdings MSCI MSCI MSCI Mercer Mercer Fund Emerging Emerging Active Security Name Mercer Fund Emerging Active Weight Fund Markets Markets Markets SAMSUNG ELECTRONICS COMPANY 10.13
Slide 16: EM Equity Fund - Historical Manager Allocations
EM Equity Fund - Historical Manager Allocations Emerging Markets Equity - Historical Manager Allocations 100% Janus Pzena Henderson 90% GMO Skerryvore 80% 70% Bennbridge Baillie Gifford DFA (Skerryvore) Copper Rock 60% Barrow Hanley Schroder 50% 40% Mondrian Origin Robeco 30% 20% AQR William Blair 1
Slide 17: Sub-Advisor Investment Summary
Sub-Advisor Investment Summary
Slide 18: Manager Allocations
Manager Allocations 1.5% Mercer Emerging Markets Equity Fund 8.1% Subadvisor detail as of 6/30/26 20.6% Investment Objective: The investment objective of the Fund is to provide long-term total return, which includes capital appreciation and income. 63.2% 6.6% Robeco Skerryvore Baillie Gifford Pzena
Slide 19: Manager Implementation Expectations
Manager Implementation Expectations Manager Summary Guidelines Approximately 500 holdings in a risk-controlled enhanced index strategy. Position deviations are relatively small Robeco at +0.2%/-0.3% versus the benchmark. Sector exposure is constrained to +/-1% and country exposure to +/- 0.3%, with
Slide 20: Investment Team Biographies
Investment Team Biographies
Slide 21: Larry Vasquez
Larry Vasquez Larry Vasquez is a Senior Portfolio Manager and Partner at Mercer Investment Management overseeing equities and DC multi-asset solutions. His primary responsibilities include asset allocation, manager selection, portfolio construction, and ongoing oversight of Defined Contribution cust
Slide 22: Matthew Parlengas
Matthew Parlengas Matthew is a Portfolio Manager within Mercer’s US Investments group, focusing on Equities. As a member of the Portfolio Management team Matthew helps lead manager selection and portfolio construction for Mercer's OCIO clients across the defined benefit segment. Matthew is a lead po
Slide 23: Appendix
Appendix
Slide 24: Mercer Fund - Attribution
Mercer Emerging Markets Equity Fund - Attribution Mercer Emerging Mkts MF vs. MSCI Emerging Markets (Net) Source: Investment Metrics © 2026 Marsh. All rights reserved. 24 Investment Metrics holdings are as of beginning of the month. Attribution is run with the average holdings over the three-month p
Slide 25: Mercer Fund - Attribution
Mercer Emerging Markets Equity Fund - Attribution Mercer Emerging Mkts MF vs. MSCI Emerging Markets (Net) Source: Investment Metrics © 2026 Marsh. All rights reserved. Investment Metrics holdings are as of beginning of the month. Attribution is run with the average holdings over the three-month peri
Slide 26: Mercer Fund - Attribution
Mercer Emerging Markets Equity Fund - Attribution Mercer Emerging Mkts MF vs. MSCI Emerging Markets (Net) Source: Investment Metrics © 2026 Marsh. All rights reserved. 26 Investment Metrics holdings are as of beginning of the month. Attribution is run with the average holdings over the three-month p
Slide 27: Important Notices
Important Notices Must be preceded or accompanied by fund's prospectus. Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a prospectus that contains this and other information, please visit https://www.delegated-solutions.me
Slide 28: Important Notices
Important Notices Risks Factors The Fund invests in both growth stocks and value stocks. Growth stocks may be particularly sensitive to market conditions. Investing in value stocks involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remai
Slide 29: Important Notices
Important Notices Index Disclosure The indices listed are not managed and one cannot invest directly in an index. The MSCI Emerging Markets (Net)® captures large and mid-cap representation across Emerging Markets (EM) countries. The index covers approximately 85% of the free float-adjusted market ca
Slide 30: Important Notices
Important Notices Mercer universes Mercer’s universes are intended to provide collective samples of strategies that best allow for robust peer group comparisons over a chosen timeframe. Mercer does not assert that the peer groups are wholly representative of and applicable to all strategies availabl
Slide 31: Important Notices
Important Notices Measurement methodology For most investment strategies that we research, we arrive at a rating on a four tier scale in which the possible ratings are A, B+, B and C. When we formulate short lists of candidates for clients to consider in manager searches, these are generally drawn f
Slide 32: Important Notices
Important Notices Some important caveats All of the value added figures have been calculated by Mercer, but are based upon performance data provided to Mercer by the investment managers concerned. Mercer generally does not independently verify the performance information provided by investment manag
Mercer Emerging Markets Equity Fund — Investor Presentation (June 2026) on 6ix