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Mercer Emerging Market Debt

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Mercer Emerging Market Debt KEY INVESTOR INFORMATION This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Mercer Emerging Market Debt – Hard Currency Fund (the "Fund") Share Class A4-H-0.0950-EUR (IE00BMD6BW75) (the "Share Class") The Fund is a sub-fund of MGI Funds plc and is managed by Mercer Global Investments Management Limited OBJECTIVE AND INVESTMENT POLICY The investment objective of the Fund is to seek income and long The Fund may invest in debt securities issued or guaranteed by term growth of capital. EU Member States and non-EU Member States, their sub- The Fund will seek to achieve its objective by primarily investing divisions, agencies or instrumentalities as well as corporate debt in fixed income securities denominated in hard currencies such securities such as freely transferable promissory notes, as USD, EUR, GBP and YEN, issued primarily by governments, debentures, fixed or floating rate bonds (including zero coupon their agencies, local authorities and instrumentalities and bonds), convertible and non-convertible notes, commercial corporate entities located in emerging markets. paper, certificates of deposits, and bankers acceptances. The Fund may also invest in debt securities of international agencies The Fund is actively managed and will seek to outperform the JP or supranational entities such as freely transferable promissory Morgan EMBI Global Diversified ex CCC Index (the "Index") by notes, bonds and debentures. 0.5% - 1.0%, gross of the fees of the Manager, the Investment Manager and the Distributor, but net of all other fees and The Fund may invest over 30% of its net asset value in below expenses, on average per annum over the medium to long term. investment grade securities but which are at least rated The Investment Manager may use its discretion to invest in, for speculative grade (which means a minimum credit rating of B-/ example, securities, issuers, companies or sectors not included B3). in the Index. The Index tracks total returns for US dollar- The Fund may use financial derivative instruments (instruments denominated debt instruments issued by emerging market for which the price is dependent on one or more underlying sovereign and quasi-sovereign entities excluding securities rated assets, 'FDI') for hedging, efficient portfolio management CCC and below. There is no guarantee the Fund will outperform purposes and / or investment purposes. FDI may enable the the Index. Fund to obtain market exposure up to 100% in excess of the The Fund is anticipated to have a tracking error within a range of value of the Fund's assets. The use of FDI may multiply the gains 2.0% to 4.0% on an ex-post basis over the medium to long term or losses made by the Fund on a given investment or on its under normal market conditions although this is not a target or a investments generally. restriction and there is no guarantee the Fund will stay within this You can buy and sell shares in the Fund on demand each day range. Tracking error is an indicator of the degree to which the which is a bank business day in Ireland or the United Kingdom. Fund's performance may deviate from that of the Index. The Share Class will not distribute dividends. Income and capital Certain indices (including the Index) may also be used in the gains from the Fund are reinvested. management of the Fund, including for investment purposes, as detailed in the Supplement. RISK AND REWARD PROFILE Lower risk Higher risk challenges than developed countries do. This means your money Potentially lower reward Potentially higher reward is at greater risk if it is invested in emerging markets. Fixed income: Investing in fixed income securities offers the chance to gain returns through growing capital and generating 1 2 3 4 5 6 7 income. However, there is a risk that the institution that issues the security could fail to pay out on the bond, causing the Fund to The risk and reward indicator value is calculated using historical lose its initial investment and expected income from the security. data and may not be a reliable indicator of the Fund's future risk Fixed income values are likely to fall if interest rates rise. If profile. interest rates change considerably, as bonds mature, there is no guarantee that bonds of a similar type and yield will be available The risk category shown is not guaranteed and may change over to replace them. time. Liquidity risk: Lower liquidity means there are insufficient The lowest category, 1, does not mean risk free. buyers or sellers to allow the Fund to sell or buy investments The value of investments and income from them can go down as readily. well as up and you may not get back the full amount you Operational risk: All funds are subject to the risk that something invested. could go wrong in the day-to-day running of an organisation. The Share Class is rated 4 due to the nature of its investments Sovereign debt: Investment in sovereign debt securities might which include the risks listed below: involve special risks. The issuer of the debt or the governmental Investments in below investment grade securities: Lower authority that controls the repayment of the debt might be unable rated or unrated securities are generally subject to a greater or unwilling to repay principal or interest when due. Economic default risk than such higher rated securities. uncertainty might increase the volatility of market prices of Credit risk: The risk that an organisation does not pay out on a sovereign debt. bond or other trade or transaction when it is supposed to. Hedged Share Classes: The currency hedging approach may Emerging markets: Emerging markets or less developed not be successful, so changes in exchange rates may cause the countries may face more political, economic or structural value of investments to decrease or increase. For more information on risks please refer to the "Special Considerations and Risk Factors" section in the prospectus and in the supplement for the Fund. CHARGES The charges you pay are used to pay the cost of running the The entry and exit charges shown are maximum figures. In some Fund, including the costs of marketing and distributing it. These cases, you might pay less – you can find this out from your charges reduce the potential growth of your investment. investment advisor or distributor. One-off charges taken before or after you invest The ongoing charges figure is an estimate. This figure may vary from year to year. It excludes: Entry charge none q Performance fees Exit charge none q Portfolio transaction costs, except in the case of an entry/exit This is the maximum that might be taken out of your money charge paid by the Fund when buying or selling units in before it is invested and before the proceeds of your investment another collective investment undertaking. are paid out. For more information about charges and information about other share classes, please refer to the prospectus. Charges taken from the fund over a year Ongoing charge 0.48% Charges taken from the fund under certain specific conditions Performance fee none PAST PERFORMANCE % There is insufficient data to provide a useful indication of past 20 performance. There is insufficient data to provide a useful Performance will be reported upon availability of a full year's 10 performance. Past performance, once available, is not a guide to indication of past performance to investors. future results. 0 Past performance will take account of charges and costs. The Fund was launched on 30/11/2020. -10 -20 2016 2017 2018 2019 2020 PRACTICAL INFORMATION Depositary & Administrator: The Fund's assets are held the Fund's assets are held separately from other sub-funds. Your through its depositary, State Street Custodial Services (Ireland) investment in the Fund will not be affected by any claims made Limited. State Street Fund Services (Ireland) Limited is the against any other sub-fund in the umbrella. administrator of the Fund (the Administrator). Price Publication: The value of the Fund's assets per share is Further Information: The Fund is a sub-fund of MGI Funds plc. available from the Administrator or at www.bloomberg.com The prospectus and the latest annual and semi-annual reports, Tax Legislation: The Fund is subject to the tax laws and which are prepared for the entire umbrella, can be obtained free regulations of Ireland. This might have an impact on your of charge from the Administrator. investments depending on your country of residence. For further Remuneration: The details of the current remuneration policy details, you should consult a tax advisor. are available on https://investment-solutions.mercer.com/ Liability Statement: Mercer Global Investments Management global/all/en/investment-solutions-home/corporate-policies. Limited may be held liable solely on the basis of any statement html. A paper copy will be made available free of charge upon contained in this document that is misleading, inaccurate or request from the Administrator. inconsistent with the relevant parts of the prospectus for the Segregated Liability: The assets and liabilities are segregated Fund. by law between the sub-funds of the umbrella. This means that This Fund is authorised in Ireland and regulated by the Central Bank of Ireland. Mercer Global Investments Management Limited is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 07/05/2021..
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