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The investment objective of the Sub-Fund is to seek income and long term growth of capital. Investors should note that there can be no guarantee that the Sub-Fund will achieve its investment objective. The Sub-Fund is a feeder fund and will seek to achieve its investment objective by investing at least 85% of its Net Asset Value in shares of the Mercer Investment Fund 16, a sub-fund of Mercer QIF CCF, an open-ended umbrella common contractual fund authorised by the Central Bank of Ireland pursuant to the Investment Funds, Companies and Miscellaneous Provisions Act 2005 (the “Underlying Fund”) which provides for proposed returns in accordance with the investment objective of the Sub-Fund. The Underlying Fund is domiciled in Ireland. Details of the Underlying Fund, including its investment objective and policy, leverage policy, base currency and fees and expenses are set out in Appendix I hereof.
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