Mercer Short Duration Fixed Income Fund Class Y-3 · NASDAQ:MSDYX
Mercer Short Duration Fixed Income Fund Class Y-3 — Mercer Core Fixed Income Fund — Investor Presentation (June 2026)
31 slides from Mercer Short Duration Fixed Income Fund Class Y-3's investor presentation, Jun 30, 2026
Slide 1: Mercer Core Fixed Income Fund
As of June 30, 2026 Mercer Core Fixed Income 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 investme
Slide 2: Agenda
1. Mercer U.S. Investments Update 2. Core 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 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: Core Fixed Income Fund Design Process & Performance
Core Fixed Income Fund Design Process & Performance
Slide 6: What does Mercer Core Fixed Income Fund offer?
What does Mercer Core Fixed Income Fund offer? A solution that seeks to deliver attractive risk/return profiles NOT available in the market A Straight-forward Structure Allocates to active strategies that are underpinned by investment styles that are measurable, implementable and that seeks to provi
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: Investment Grade Fixed Income (US Aggregate)
Investment Grade Fixed Income (US Aggregate) Manager investment styles Styles of investment within the core bond credit universe Sector Bottom Up Macro Rotation Key characteristics of each style Top Complexity premium Spread-Oriented approach Relative Value Trading approach Market beta rotation emph
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 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 allocations • M
Slide 11: Mercer Core Fixed Income Fund Overview and Performance
Mercer Core Fixed Income Fund Overview and Performance Investment Objective: The investment objective of the Fund Periodic Performance (%) As of June 30, 2026 is to provide total return, consisting of both current income and Year-to- Inception 3 Month 1 Year 3 Year 5 Year 10 Year Inception capital a
Slide 12: Portfolio Characteristics and Exposures
Mercer Core Fixed Income Fund Portfolio Characteristics and Exposures Portfolio Characteristics Fund Benchmark Duration Distribution Sector Allocation Credit Quality Effective Duration 6.1 5.9 0-1 Yr U.S. Gov. AAA Avg. Maturity 8.8 8.2 Mortg. 1-3 Yrs AA Avg. Coupon 4.4 3.8 Asset-Bck. 3-5 Yrs A Curre
Slide 13: Fund and Subadvisor Performance and Positioning
Fund and Subadvisor Performance and Positioning
Slide 14: Mercer Core Fixed Income Fund & Subadvisor Performance
Mercer Core Fixed Income Fund & Subadvisor Performance As of June 30, 2026 Fund/Strategy Market Value ($M) QTD YTD 1 yr 3 yr 5 yr 10 yr SI SI Date Core Fixed Income – Gross 1,999.0 0.92% 0.79% 4.43% 4.88% 0.49% 2.38% 3.71% Gross / Class Core Fixed Income Fund Class Y3 – Net 1,999.0 0.88% 0.72% 4.27
Slide 15: Core Fixed Income Fund – Portfolio Evolution Timeline
Core Fixed Income Fund – Portfolio Evolution Timeline Q2 2005: Mercer Core Opportunistic Fund Launched. Q1 2007: Q2 2008: EM (Lazard & WB) Blend of BlackRock Addition of Subadvisor – Addition of Subadvisor – Advisors, Inc. and Western American Pacific Century Investment MacKay Shields LLC Asset Mana
Slide 16: Sub-Advisor Investment Summary
Sub-Advisor Investment Summary
Slide 17: Core Fixed Income Portfolio
Core Fixed Income Portfolio Manager Target Allocations - As of June 30, 2026 Manager Style Summary Seeks to add value through a combination of Manulife Spread Oriented in-depth fundamental analysis and business cycle evaluation. Income Manulife 30.0% Manulife Research 35.0% Deeply resourced team of
Slide 18: Investment Team Biographies
Investment Team Biographies
Slide 19: 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 20: 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 21: 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 22: 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 23: Fixed Income Asset Class Disclosures
Fixed Income Asset Class Disclosures
Slide 24: 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 25: 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 26: 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 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 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 29: 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 30: 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 31: 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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