Mercer Opportunistic Fixed Income Fund Class I · NASDAQ:MOFTX
Mercer Opportunistic Fixed Income Fund Class I — Debt Investor Presentation (June 2026)
32 slides from Mercer Opportunistic Fixed Income Fund Class I's debt investor presentation, June 2026
Slide 1: Mercer Opportunistic Bond Fund (OFI)
As of March 31, 2025 Mercer Opportunistic Bond Fund (OFI) 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
Slide 2: Agenda
1. Mercer U.S. Investments Update 2. Opportunistic Fixed Income 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 Fix Income Portfolio Management Manager Research Senior Portfolio Manager Senior Portfolio Manager Portfolio Manager Portfolio Manager Global Research Team 200+ Research Specialists Larry Vasqu
Slide 5: Opportunistic Fixed Income Fund Design Process & Performance
Opportunistic Fixed Income Fund Design Process & Performance
Slide 6: What does the Mercer Opportunistic Fixed Income Fund offer?
What does the Mercer Opportunistic Fixed Income Fund offer? A solution that seeks to deliver attractive risk/return profiles NOT available in the market A Sophisticated Structure Allocates to active strategies that are underpinned by investment styles that are measurable, implementable and that seek
Slide 7: Fixed Income Asset Classes: Defining the Universe
Fixed Income Asset Classes: Defining the Universe Asset class analysis informs decisions on where Mercer should compete Alpha Components Moderate Moderate/High High Low Single Asset Class (aligned to risk profile) Government/ Agency High Grade Credit Opportunistic Credit Multi-Asset Sub IG Credit Ma
Slide 8: Sub-Investment Grade Fixed Income (Sub IG)
Sub-Investment Grade Fixed Income (Sub IG) Manager investment styles Styles of investment within Sub IG universes Sector Bottom Up Macro Rotation Key characteristics of each style Top Relative Value Complexity premium Broad MAC Opportunity Set Higher Tracking Error Trading approach Market beta rotat
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 Barra Risk Analytics Performance Characteristics 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 risk and allocatio
Slide 11: Mercer Opportunistic Fixed Income Fund Overview and Performance
Mercer Opportunistic Fixed Income Fund Overview and Performance Periodic Performance (%) As of March 31, 2026 Investment Objective: The investment objective of the Fund 3 Month Year-to-Date 1 Year 3 Year 5 Year 10 Year Inception is to provide total return, consisting of both current income and capit
Slide 12: Portfolio Characteristics and Exposures
Mercer Opportunistic Fixed Income Fund Portfolio Characteristics and Exposures Portfolio Characteristics Fund Benchmark Duration Distribution Sector Allocation Credit Quality Effective Duration 4.0 3.2 US Gov AAA 0-1 Yr Avg. Maturity 5.9 6.0 Mortg. 1-3 Yr AA Avg. Coupon 6.0% 6.4% Asset-Bck. 3-5 Yr A
Slide 13: Fund and Subadvisor Performance and Positioning
Fund and Subadvisor Performance and Positioning
Slide 14: Mercer Opportunistic Fixed Income Fund & Subadvisor Performance
Mercer Opportunistic Fixed Income Fund & Subadvisor Performance As of March 31, 2026 Fund/Strategy Market Value ($M) QTD YTD 1 yr 3 yr 5 yr 10 yr SI SI Date Opportunistic Fixed Income – Gross 2,119 1.27% 7.95% 7.95% 5.55% 0.12% 2.86% 3.76% Gross / Class Opportunistic Fixed Income Fund Class Y3 – Ne
Slide 15: Opportunistic Fixed Income Fund Timeline – Portfolio Evolution
Background: Opportunistic Fixed Income Fund – Portfolio Evolution Timeline August 2013 April 2025 Opportunistic Fixed Income Fund is launched. Fund restructure executes first phase on April 15th. Fund Structure: 50% Global High Yield/50% Emerging March 2020 Market Debt Local Currency New structure e
Slide 16: Opportunistic Fixed Income Fund Historical Manager Allocations
Background: Opportunistic Fixed Income Fund Historical Manager Allocations AUGUST 2013 JUNE 2018 SEPTEMBER 2018 JUNE 2023 APRIL 15, 2025 APRIL 29, 2025 MARCH 2020 Manager Line-up: Manager Line-up: Manager Line-up: Manager Line-up: Manager Line-up: Manager Line-up: Manager Line-up: ➢ Franklin Templet
Slide 17: Sub-Advisor Investment Summary
Sub-Advisor Investment Summary
Slide 18: Manager Target Allocations
Mercer Opportunistic Fixed Income Fund Manager Target Allocations – As of March 31, 2025 Manager Style Summary MAC Asset Allocator / Liquidity Provider Broad market fixed income investing guided by views on PIMCO long-term secular shifts with deep expertise in credit and securitized. Ares 10.70% PIM
Slide 19: Investment Team Biographies
Investment Team Biographies
Slide 20: Emma Koch
Emma Koch Fixed Income Lead Emma is a Portfolio Manager within Mercer’s US Investments business, based in Boston. She leads Portfolio Management for Fixed Income, managing over $50bn in discretionary client assets and is responsible for total performance outcomes. Emma is also a voting member of sev
Slide 21: Travis Simon
Travis Simon Portfolio Design, Analytics & Risk Lead Travis Simon leads the Portfolio Design, Analytics & Risk team and is based in Minneapolis. In this role, he works to develop and enhance portfolio construction and management across the investment platform. He is a member of the US Asset Allocati
Slide 22: Andrea Vercruysse
Andrea Vercruysse Fixed Income Andrea Vercruysse is a Senior Investment Analyst within Mercer’s US Fixed Income Portfolio Management Team. Based in Minneapolis, Andrea joined the team in December 2024. As a member of the US Investments team, Andrea is responsible for leading and growing the fixed in
Slide 23: Michael Cohen
Michael Cohen Fixed Income Michael Cohen is an Investment Analyst within Mercer’s US Investments business. Based in Boston, Michael joined the team in 2024 from Nokia Investment Management Co. His primary role involves providing analytical support for investment recommendations and portfolio constru
Slide 24: Fixed Income Asset Class Disclosures
Fixed Income Asset Class Disclosures
Slide 25: Qualitative criteria
Qualitative criteria Overview The table below outlines the factors and questions that we believe investors should consider when judging the potential for consistent, long-term excess returns from active management: Insights Market Structure Principle Availability of better information or Pool of inv
Slide 26: Fixed Income markets universes and indices used
Fixed Income markets universes and indices used Product Category Category Index Mercer universe Global Fixed Developed Bloomberg Global Aggregate Index Global Fixed Unhedged Broad Market/Aggregate Global Government Developed FTSE WGBI Index Global Fixed Unhedged Sovereign Global Credit Developed Blo
Slide 27: Fixed Income markets universes and indices used
Fixed Income markets universes and indices used Product Category Category Index Mercer universe European Aggregate Developed ICE BofAML Euro Broad Market Index Europe Fixed (Govt & Non-Govt) European Credit Developed ICE BofAML Euro Corporate Europe Fixed (Non-Govt) European High Yield Developed ICE
Slide 28: 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 29: Important Notices
Important Notices Risks Factors The Fund is subject to the risks associated with the underlying bonds and other fixed income securities including credit, prepayment, call and interest rate risk. As interest rates rise, the value of the Fund can go down and an investor can lose principal. The Fund ma
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
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