MERCER SUPER INVESTMENT TRUST QUARTERLY REPORT THREE MONTHS TO 30 JUNE 2017

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1 MERCER SUPER INVESTMENT TRUST QUARTERLY REPORT THREE MONTHS TO 30 JUNE 2017 Mercer Superannuation (Australia) Limited (MSAL) ABN , Australian Financial Services Licence # is the trustee of the Mercer Super Investment Trust ABN "MERCER" is a registered trademark of Mercer (Australia) Pty Ltd (Mercer) ABN

2 Shares Shares Property & Infrastructure Property & Infrastructure MERCER SUPER INVESTMENT TRUST QUARTERLY REPORT NOTE: Past performance is not a reliable indicator of future performance. READY-MADE INVESTMENT OPTIONS. MERCER HIGH GROWTH MERCER GROWTH Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash

3 Shares Shares Real Assets Property & Infrastructure QUARTER ENDING JUNE 2017 NOTE: Past performance is not a reliable indicator of future performance. READY-MADE INVESTMENT OPTIONS MERCER MODERATE GROWTH MERCER CONSERVATIVE GROWTH Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash

4 Shares Shares Real Assets Real Assets MERCER SUPER INVESTMENT TRUST QUARTERLY REPORT NOTE: Past performance is not a reliable indicator of future performance. READY-MADE INVESTMENT OPTIONS MERCER DIVERSIFIED SHARES MERCER AUSTRALIAN SHARES Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt High Yield/Multi Asset Credit Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash Australian Equities - Large Cap Australian Equities - Small Cap Global Equities - Large Cap Global Equities - Low Vol Global Equities - Small Cap Emerging Markets Equity Listed Property Unlisted Property Listed Infrastructure Unlisted Infrastructure Natural Resources Diversified Funds Hedge Funds Private Debt High Yield/Multi Asset Credit Emerging Markets Debt Absolute Return Bonds Global Credit Australian Sovereigns Global Sovereigns Inflation Plus Cash

5 Investors should be aware that the value of an investment in the Mercer Super Investment Trust may rise and fall from time to time and that neither MSAL nor any related companies guarantees the investment performance, earnings or return of capital invested in the Mercer Super Investment Trust. To join or invest in the Mercer Super Investment Trust, you will need to complete an application form included in, or accompanying the current Product Disclosure Statement for the Mercer Super Investment Trust which is issued by, and available from, the trustee. The information contained in this Investment Report is of a general nature only and does not take into account the personal objectives, financial situation or needs of individual investors. Accordingly, before making any investment decision, you should read the current Product Disclosure Statement for the Mercer Super Investment Trust and obtain personal financial advice from a licensed, or appropriately authorised, financial adviser. The investment returns shown for the Mercer Super Investment Trust investment options throughout this Investment Report do not take into account the unique characteristics applied to each investor (such as timing of cash flow). As a result, the actual investment returns applying to a particular investor may differ from the returns shown in this Investment Report. You should also remember that past performance should not be relied upon as a reliable indicator of future performance. Copyright 2017 Mercer LLC. All rights reserved. Report Finalised: 25 July 2017

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