EX-99.(D)(24)(I) 11 c113438_ex99d-24i.htm

Exhibit 99.(d)(24)(i)

 

AMENDMENT TO SUB-ADVISORY AGREEMENT

 

THIS AMENDMENT (“Amendment”) to the Sub-Advisory Agreement (“Agreement”) dated August 1, 2024 by and between Mercer Investments LLC, a Delaware limited liability company (the “Advisor”), and Skerryvore Asset Management Ltd (formerly known as BennBridge Ltd), a limited company incorporated under the laws of England and Wales (the “Sub-Advisor”), is made effective as of the 1st day of July, 2025.

 

RECITALS

 

WHEREAS, the Advisor has been retained to act as investment adviser pursuant to an Investment Management Agreement, dated July 1, 2014, as amended from time to time (the “Advisory Agreement”), with Mercer Funds (the “Trust”), a Delaware statutory trust registered with the U.S. Securities and Exchange Commission as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), which consists of several separate series of shares, each having its own investment objectives and policies, and which is authorized to create additional series in the future;

 

WHEREAS, the Advisory Agreement permits the Advisor, subject to the supervision and direction of the Trust’s Board of Trustees, to delegate certain of its duties under the Advisory Agreement to other investment advisers, subject to the requirements of the 1940 Act;

 

WHEREAS, the Sub-Advisor currently manages an allocated portion of the assets of Mercer Emerging Markets Equity Fund, a series of the Trust, under the Agreement;

 

WHEREAS, the Agreement provides that the parties may mutually agree to supplement or amend any provision of the Agreement; and

 

WHEREAS, the Sub-Advisor and the Advisor intend to amend the Agreement to reflect a change in the Sub-Advisor’s name.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the promises and mutual agreements set forth herein, the parties hereby agree to amend the Agreement, as follows:

 

1.All references to “BennBridge Ltd” are changed to “Skerryvore Asset Management Ltd”.

 

2.The Advisor and the Sub-Advisor each acknowledge that all of their respective representations and warranties contained in the Agreement are true and correct as of the date hereof.

 

3.All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby.

 
4.This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

 

(Signature Page Follows)

2

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first written above.

 

ADVISOR

MERCER INVESTMENTS LLC

 

SUB-ADVISOR

SKERRYVORE ASSET MANAGEMENT
LTD (f/k/a BennBridge Ltd)

                                              
By: /s/ Larry Vasquez   By: /s/ Ashleigh Simms
  Name: Larry Vasquez   Name: Ashleigh Simms
  Title: Vice President   Title: Chief Compliance Officer