NPORT-EX 2 NPORT_I55C_84969612_0624.htm EDGAR HTML
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments
(showing percentage of net assets)
June 30, 2024 (Unaudited)
 
Shares
 
Description
Value ($)
 
COMMON STOCKS — 96.5%
 
Basic Materials — 1.9%
90,218
 
ATI, Inc. *
5,002,588
42,800
 
Chemours Co.
965,996
15,500
 
Eastman Chemical Co.
1,518,535
210,497
 
Element Solutions, Inc.
5,708,679
20,900
 
Ingevity Corp. *
913,539
39,900
 
Koppers Holdings, Inc.
1,475,901
48,900
 
Mosaic Co.
1,413,210
23,338
 
Quaker Chemical Corp.
3,960,459
8,700
 
Reliance, Inc.
2,484,720
42,083
 
RPM International, Inc.
4,531,497
28,500
 
Steel Dynamics, Inc.
3,690,750
 
 
31,665,874
 
Communications — 2.2%
47,900
 
AMC Networks, Inc. Class A*
462,714
48,000
 
Cargurus, Inc. *
1,257,600
62,836
 
Ciena Corp. *
3,027,438
45,320
 
ePlus, Inc. *
3,339,178
19,500
 
Expedia Group, Inc. *
2,456,805
22,058
 
F5, Inc. *
3,799,049
59,500
 
Fox Corp. Class A
2,045,015
73,100
 
Gen Digital, Inc.
1,826,038
20,100
 
Nexstar Media Group, Inc.
3,336,801
9,700
 
Preformed Line Products Co.
1,208,038
48,030
 
Roku, Inc. *
2,878,438
92,100
 
TEGNA, Inc.
1,283,874
119,719
 
TripAdvisor, Inc. *
2,132,195
21,553
 
Wix.com Ltd. *
3,428,436
114,030
 
Yelp, Inc. *
4,213,409
 
 
36,695,028
 
Consumer, Cyclical — 15.4%
31,033
 
Advance Auto Parts, Inc.
1,965,320
51,700
 
Allison Transmission Holdings, Inc.
3,924,030
25,100
 
Autoliv, Inc.
2,685,449
7,900
 
AutoNation, Inc. *
1,259,102
39,041
 
Birkenstock Holding PLC *
2,124,221
270,208
 
BJ's Wholesale Club Holdings, Inc. *
23,735,071
89,400
 
Bloomin' Brands, Inc.
1,719,162
61,100
 
BorgWarner, Inc.
1,969,864
20,800
 
Brunswick Corp.
1,513,616
19,211
 
Burlington Stores, Inc. *
4,610,640
32,500
 
Capri Holdings Ltd. *
1,075,100
38,466
 
Carter's, Inc.
2,383,738
12,854
 
Casey's General Stores, Inc.
4,904,572
17,165
 
Cavco Industries, Inc. *
5,942,008
52,287
 
Churchill Downs, Inc.
7,299,265
32,076
 
Columbia Sportswear Co.
2,536,570
See accompanying Notes to the Schedule of Investments
1
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Consumer, Cyclical — continued
12,100
 
Crocs, Inc. *
1,765,874
9,200
 
Dick's Sporting Goods, Inc.
1,976,620
37,492
 
Dorman Products, Inc. *
3,429,768
38,029
 
Five Below, Inc. *
4,144,020
32,913
 
Freshpet, Inc. *
4,258,613
101,984
 
GCI Liberty, Inc. *(a)(b)
—
23,500
 
Genesco, Inc. *
607,710
123,041
 
Gentex Corp.
4,147,712
42,496
 
Gentherm, Inc. *
2,095,903
33,600
 
GMS, Inc. *
2,708,496
102,000
 
Goodyear Tire & Rubber Co. *
1,157,700
20,319
 
Group 1 Automotive, Inc.
6,040,432
56,889
 
Guess?, Inc.
1,160,536
54,700
 
Harley-Davidson, Inc.
1,834,638
47,600
 
Haverty Furniture Cos., Inc.
1,203,804
14,500
 
Jack in the Box, Inc. (c)
738,630
26,900
 
Kohl's Corp.
618,431
61,300
 
La-Z-Boy, Inc.
2,285,264
22,433
 
LGI Homes, Inc. *
2,007,529
53,240
 
Light & Wonder, Inc. *
5,583,811
19,012
 
Lithia Motors, Inc.
4,799,579
207,670
 
LKQ Corp.
8,636,995
44,170
 
M/I Homes, Inc. *
5,394,924
94,700
 
Macy's, Inc.
1,818,240
86,200
 
Mattel, Inc. *
1,401,612
96,500
 
MillerKnoll, Inc.
2,556,285
40,100
 
Movado Group, Inc.
996,886
13,027
 
MSC Industrial Direct Co., Inc. Class A
1,033,171
18,475
 
Murphy USA, Inc.
8,673,274
39,500
 
ODP Corp. *
1,551,165
90,900
 
On Holding AG Class A*(c)
3,526,920
196,765
 
OPENLANE, Inc. *
3,264,331
58,491
 
Papa John's International, Inc. (c)
2,747,907
13,580
 
Phinia, Inc.
534,509
80,181
 
Polaris, Inc.
6,278,974
43,500
 
PulteGroup, Inc.
4,789,350
25,100
 
PVH Corp.
2,657,337
78,963
 
Red Rock Resorts, Inc. Class A
4,337,438
81,900
 
Sally Beauty Holdings, Inc. *
878,787
36,400
 
ScanSource, Inc. *
1,612,884
50,447
 
SiteOne Landscape Supply, Inc. *
6,124,770
64,988
 
Skechers USA, Inc. Class A*
4,491,971
140,770
 
Tapestry, Inc.
6,023,548
108,341
 
Texas Roadhouse, Inc.
18,603,233
32,400
 
Toll Brothers, Inc.
3,731,832
131,907
 
Tri Pointe Homes, Inc. *
4,913,536
46,084
 
UniFirst Corp.
7,904,789
33,800
 
United Airlines Holdings, Inc. *
1,644,708
11,707
 
Vail Resorts, Inc.
2,108,782
2
See accompanying Notes to the Schedule of Investments
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Consumer, Cyclical — continued
71,800
 
Wabash National Corp.
1,568,112
25,603
 
WESCO International, Inc.
4,058,588
17,700
 
Whirlpool Corp.
1,808,940
4,900
 
Williams-Sonoma, Inc.
1,383,613
11,250
 
Wingstop, Inc.
4,754,925
19,100
 
Winnebago Industries, Inc.
1,035,220
 
 
255,060,354
 
Consumer, Non-cyclical — 23.1%
59,400
 
ABM Industries, Inc.
3,003,858
90,182
 
Acadia Healthcare Co., Inc. *
6,090,892
157,500
 
ACCO Brands Corp.
740,250
119,000
 
Albertsons Cos., Inc. Class A
2,350,250
551,615
 
Alight, Inc. Class A*
4,070,919
122,720
 
API Group Corp. *
4,617,954
99,267
 
Ascendis Pharma AS ADR*
13,538,033
199,070
 
Avantor, Inc. *
4,220,284
32,647
 
Avery Dennison Corp.
7,138,267
65,038
 
Azenta, Inc. *
3,422,300
133,315
 
Bausch & Lomb Corp. *(c)
1,935,734
65,000
 
Baxter International, Inc.
2,174,250
20,698
 
Bio-Rad Laboratories, Inc. Class A*
5,652,831
31,656
 
Booz Allen Hamilton Holding Corp.
4,871,858
117,649
 
Bright Horizons Family Solutions, Inc. *
12,950,802
27,900
 
Bunge Global SA
2,978,883
49,354
 
Cimpress PLC *
4,323,904
453,441
 
Clarivate PLC *(c)
2,580,079
52,900
 
Conagra Brands, Inc.
1,503,418
417,694
 
CoreCivic, Inc. *
5,421,668
5,000
 
Corpay, Inc. *
1,332,050
25,390
 
Cytokinetics, Inc. *
1,375,630
13,600
 
DaVita, Inc. *
1,884,552
60,000
 
Deluxe Corp.
1,347,600
394,128
 
Dun & Bradstreet Holdings, Inc.
3,649,625
185,576
 
Embecta Corp.
2,319,700
99,445
 
Envista Holdings Corp. *
1,653,770
21,075
 
Euronet Worldwide, Inc. *
2,181,263
92,464
 
EVERTEC, Inc.
3,074,428
124,400
 
Exelixis, Inc. *
2,795,268
207,720
 
Flywire Corp. *
3,404,531
14,020
 
FTI Consulting, Inc. *
3,021,731
20,626
 
Glaukos Corp. *
2,441,087
73,662
 
Globus Medical, Inc. Class A*
5,045,110
20,398
 
Grand Canyon Education, Inc. *
2,853,884
69,979
 
GXO Logistics, Inc. *
3,533,940
44,200
 
H&R Block, Inc.
2,396,966
80,409
 
Halozyme Therapeutics, Inc. *
4,210,215
53,838
 
HealthEquity, Inc. *
4,640,836
12,900
 
Henry Schein, Inc. *
826,890
See accompanying Notes to the Schedule of Investments
3
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Consumer, Non-cyclical — continued
40,700
 
Herbalife Ltd. *
422,873
68,455
 
Hologic, Inc. *
5,082,784
43,500
 
Incyte Corp. *
2,636,970
52,207
 
Ingles Markets, Inc. Class A
3,581,922
29,900
 
Ingredion, Inc.
3,429,530
78,440
 
Insmed, Inc. *
5,255,480
23,490
 
Insulet Corp. *
4,740,282
80,206
 
Integer Holdings Corp. *
9,287,053
101,838
 
Intra-Cellular Therapies, Inc. *
6,974,885
211,092
 
Ironwood Pharmaceuticals, Inc. *
1,376,320
69,691
 
Jazz Pharmaceuticals PLC *
7,438,120
22,068
 
Lancaster Colony Corp.
4,170,190
60,490
 
Lantheus Holdings, Inc. *
4,856,742
260,132
 
Laureate Education, Inc.
3,886,372
110,950
 
Legend Biotech Corp. ADR*
4,913,975
44,511
 
LivaNova PLC *
2,440,093
33,000
 
ManpowerGroup, Inc.
2,303,400
9,238
 
MarketAxess Holdings, Inc.
1,852,496
318,300
 
Marqeta, Inc. Class A*
1,744,284
45,270
 
Masimo Corp. *
5,701,304
5,560
 
Medpace Holdings, Inc. *
2,289,886
56,110
 
Merit Medical Systems, Inc. *
4,822,654
162,663
 
Molson Coors Beverage Co. Class B
8,268,160
45,737
 
Natera, Inc. *
4,952,860
96,246
 
Neurocrine Biosciences, Inc. *
13,250,187
190,687
 
Nomad Foods Ltd.
3,142,522
224,710
 
Option Care Health, Inc. *
6,224,467
113,900
 
Organon & Co.
2,357,730
106,843
 
Patterson Cos., Inc.
2,577,053
44,166
 
Paylocity Holding Corp. *
5,823,287
13,990
 
Penumbra, Inc. *
2,517,780
91,200
 
Perdoceo Education Corp.
1,953,504
132,788
 
Performance Food Group Co. *
8,778,615
22,800
 
Prestige Consumer Healthcare, Inc. *
1,569,780
68,964
 
PROCEPT BioRobotics Corp. *(c)
4,213,011
41,700
 
PROG Holdings, Inc.
1,446,156
71,200
 
Quanex Building Products Corp.
1,968,680
18,250
 
Repligen Corp. *
2,300,595
164,971
 
Rocket Pharmaceuticals, Inc. *
3,551,826
287,693
 
Roivant Sciences Ltd. *(c)
3,040,915
53,617
 
Select Medical Holdings Corp.
1,879,812
36,390
 
Shift4 Payments, Inc. Class A*(c)
2,669,207
90,965
 
Simply Good Foods Co. *
3,286,565
41,700
 
SpartanNash Co.
782,292
25,200
 
Sprouts Farmers Market, Inc. *
2,108,232
110,448
 
Tandem Diabetes Care, Inc. *
4,449,950
32,210
 
United Therapeutics Corp. *
10,260,495
14,100
 
Universal Health Services, Inc. Class B
2,607,513
61,200
 
Upbound Group, Inc.
1,878,840
4
See accompanying Notes to the Schedule of Investments
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Consumer, Non-cyclical — continued
95,419
 
Valvoline, Inc. *
4,122,101
59,990
 
Vaxcyte, Inc. *
4,529,845
63,057
 
Vericel Corp. *
2,893,055
69,586
 
Viad Corp. *
2,365,924
198,700
 
Viatris, Inc.
2,112,181
22,730
 
Viking Therapeutics, Inc. *
1,204,917
61,495
 
WEX, Inc. *
10,893,224
236,169
 
WillScot Mobile Mini Holdings Corp. *
8,889,401
 
 
381,653,807
 
Energy — 5.3%
37,200
 
APA Corp.
1,095,168
53,211
 
California Resources Corp.
2,831,889
158,027
 
ChampionX Corp.
5,248,077
29,688
 
Chord Energy Corp.
4,978,084
118,300
 
CNX Resources Corp. *
2,874,690
141,940
 
Delek U.S. Holdings, Inc.
3,514,434
63,200
 
Helmerich & Payne, Inc.
2,284,048
124,288
 
HF Sinclair Corp.
6,629,522
57,700
 
Liberty Energy, Inc.
1,205,353
282,182
 
Magnolia Oil & Gas Corp. Class A
7,150,492
206,700
 
Marathon Oil Corp.
5,926,089
109,904
 
Matador Resources Co.
6,550,278
188,149
 
NOV, Inc.
3,576,712
212,453
 
Ovintiv, Inc.
9,957,672
64,200
 
PBF Energy, Inc. Class A
2,954,484
886,717
 
Permian Resources Corp.
14,320,480
78,986
 
SM Energy Co.
3,414,565
10,298
 
Vitesse Energy, Inc.
244,063
37,135
 
Warrior Met Coal, Inc.
2,330,964
 
 
87,087,064
 
Financial — 16.6%
50,414
 
Agree Realty Corp. REIT
3,122,643
40,400
 
Ally Financial, Inc.
1,602,668
81,800
 
American Assets Trust, Inc. REIT
1,830,684
44,750
 
Annaly Capital Management, Inc. REIT
852,935
82,800
 
Apple Hospitality REIT, Inc. REIT
1,203,912
104,300
 
ARES Capital Corp.
2,173,612
97,500
 
Associated Banc-Corp.
2,062,125
93,651
 
Atlantic Union Bankshares Corp.
3,076,435
110,352
 
Axis Capital Holdings Ltd.
7,796,369
58,651
 
Axos Financial, Inc. *
3,351,905
35,400
 
Bank of NT Butterfield & Son Ltd.
1,243,248
145,100
 
Blue Owl Capital Corp. (c)
2,228,736
369,263
 
Blue Owl Capital, Inc.
6,554,418
177,700
 
Brandywine Realty Trust REIT
796,096
80,900
 
Brixmor Property Group, Inc. REIT
1,867,981
6,897
 
C&F Financial Corp.
332,435
See accompanying Notes to the Schedule of Investments
5
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Financial — continued
310,878
 
Cannae Holdings, Inc. (c)
5,639,327
31,000
 
Cathay General Bancorp
1,169,320
33,100
 
Chimera Investment Corp. REIT
423,680
84,200
 
Citizens Financial Group, Inc.
3,033,726
154,000
 
City Office REIT, Inc. REIT
766,920
68,994
 
CNA Financial Corp.
3,178,554
157,800
 
CNO Financial Group, Inc.
4,374,216
36,200
 
Comerica, Inc.
1,847,648
24,425
 
East West Bancorp, Inc.
1,788,643
200,133
 
Easterly Government Properties, Inc. REIT
2,475,645
20,197
 
EastGroup Properties, Inc. REIT
3,435,510
37,300
 
Employers Holdings, Inc.
1,590,099
71,700
 
EPR Properties REIT
3,009,966
29,500
 
Equitable Holdings, Inc.
1,205,370
31,600
 
Essent Group Ltd.
1,775,604
39,776
 
Federated Hermes, Inc.
1,307,835
29,900
 
Fidelity National Financial, Inc.
1,477,658
34,900
 
Fifth Third Bancorp
1,273,501
35,500
 
Financial Institutions, Inc.
685,860
90,100
 
First BanCorp
1,647,929
78,400
 
First Busey Corp.
1,898,064
89,100
 
First Commonwealth Financial Corp.
1,230,471
281,700
 
First Horizon Corp.
4,442,409
99,400
 
FNB Corp.
1,359,792
209,166
 
Franklin Street Properties Corp. REIT
320,024
144,188
 
FS KKR Capital Corp. (c)
2,844,829
29,510
 
FTAI Aviation Ltd.
3,046,317
827,755
 
Genworth Financial, Inc. Class A*
4,999,640
62,402
 
Glacier Bancorp, Inc.
2,328,843
43,555
 
Hamilton Lane, Inc. Class A
5,382,527
28,700
 
Hancock Whitney Corp.
1,372,721
79,956
 
Hanmi Financial Corp.
1,336,864
83,634
 
Healthpeak Properties, Inc. REIT
1,639,226
32,800
 
Heritage Insurance Holdings, Inc. *
232,224
75,500
 
Highwoods Properties, Inc. REIT
1,983,385
113,600
 
Hope Bancorp, Inc.
1,220,064
86,500
 
Horizon Bancorp, Inc.
1,070,005
197,400
 
Host Hotels & Resorts, Inc. REIT
3,549,252
85,700
 
Independent Bank Corp.
2,313,900
64,000
 
Industrial Logistics Properties Trust REIT
235,520
84,090
 
Jefferies Financial Group, Inc.
4,184,318
257,104
 
KeyCorp
3,653,448
44,400
 
Kilroy Realty Corp. REIT
1,383,948
20,008
 
Kinsale Capital Group, Inc.
7,708,682
71,600
 
Kite Realty Group Trust REIT
1,602,408
37,700
 
Lincoln National Corp.
1,172,470
24,433
 
LPL Financial Holdings, Inc.
6,824,137
11,891
 
McGrath RentCorp
1,266,986
176,200
 
MGIC Investment Corp.
3,797,110
6
See accompanying Notes to the Schedule of Investments
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Financial — continued
58,519
 
National Storage Affiliates Trust REIT
2,412,153
139,500
 
Navient Corp.
2,031,120
199,800
 
New Mountain Finance Corp.
2,445,552
131,848
 
Newmark Group, Inc. Class A
1,348,805
81,303
 
NMI Holdings, Inc. Class A*
2,767,554
57,200
 
Oaktree Specialty Lending Corp. (c)
1,075,932
81,808
 
OceanFirst Financial Corp.
1,299,929
15,377
 
Office Properties Income Trust REIT
31,369
49,911
 
OFG Bancorp
1,869,167
70,700
 
Old Republic International Corp.
2,184,630
35,700
 
Omega Healthcare Investors, Inc. REIT
1,222,725
26,400
 
OneMain Holdings, Inc.
1,280,136
354,616
 
P10, Inc. Class A(c)
3,007,144
195,700
 
Piedmont Office Realty Trust, Inc. REIT Class A
1,418,825
62,793
 
Pinnacle Financial Partners, Inc.
5,025,952
29,809
 
Piper Sandler Cos.
6,861,138
25,500
 
Popular, Inc.
2,254,965
13,686
 
Preferred Bank
1,033,156
177,142
 
Radian Group, Inc.
5,509,116
72,100
 
Regions Financial Corp.
1,444,884
30,824
 
Reinsurance Group of America, Inc.
6,327,243
97,100
 
Sabra Health Care REIT, Inc. REIT
1,495,340
33,500
 
Sandy Spring Bancorp, Inc.
816,060
21,804
 
Selective Insurance Group, Inc.
2,045,869
153,100
 
Service Properties Trust REIT
786,934
100,711
 
StepStone Group, Inc. Class A
4,621,628
47,321
 
Stifel Financial Corp.
3,982,062
73,669
 
Sun Communities, Inc. REIT
8,865,328
56,200
 
Synchrony Financial
2,652,078
31,600
 
Tanger, Inc. REIT
856,676
35,327
 
Tradeweb Markets, Inc. Class A
3,744,662
172,600
 
Uniti Group, Inc. REIT
503,992
20,100
 
Universal Insurance Holdings, Inc.
377,076
77,500
 
Unum Group
3,961,025
127,700
 
Valley National Bancorp
891,346
58,500
 
Veritex Holdings, Inc.
1,233,765
48,700
 
Victory Capital Holdings, Inc. Class A
2,324,451
83,089
 
Voya Financial, Inc.
5,911,782
129,900
 
Western Union Co.
1,587,378
5,973
 
White Mountains Insurance Group Ltd.
10,855,629
42,141
 
Wintrust Financial Corp.
4,153,417
54,300
 
Zions Bancorp NA
2,354,991
 
 
273,475,781
 
Government — 0.1%
58,816
 
Banco Latinoamericano de Comercio Exterior SA
1,745,070
 
Industrial — 19.3%
10,900
 
Acuity Brands, Inc.
2,631,696
See accompanying Notes to the Schedule of Investments
7
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Industrial — continued
39,340
 
Advanced Energy Industries, Inc.
4,278,618
44,200
 
AGCO Corp.
4,326,296
371,766
 
Air Transport Services Group, Inc. *
5,156,394
42,100
 
Apogee Enterprises, Inc.
2,645,353
18,877
 
AptarGroup, Inc.
2,658,070
11,500
 
ArcBest Corp.
1,231,420
34,633
 
Argan, Inc.
2,533,750
38,855
 
Armstrong World Industries, Inc.
4,399,940
42,575
 
Arrow Electronics, Inc. *
5,141,357
111,864
 
Atkore, Inc.
15,093,810
47,644
 
Axon Enterprise, Inc. *
14,018,771
170,032
 
AZEK Co., Inc. *
7,163,448
78,600
 
Berry Global Group, Inc.
4,625,610
21,600
 
Boise Cascade Co.
2,575,152
11,438
 
Brady Corp. Class A
755,137
21,000
 
Builders FirstSource, Inc. *
2,906,610
48,337
 
BWX Technologies, Inc.
4,592,015
20,430
 
Chart Industries, Inc. *(c)
2,948,866
352,000
 
CNH Industrial NV
3,565,760
109,425
 
Cognex Corp.
5,116,713
45,394
 
Coherent Corp. *
3,289,249
85,657
 
Columbus McKinnon Corp.
2,958,593
46,567
 
Comfort Systems USA, Inc.
14,161,956
17,700
 
Covenant Logistics Group, Inc.
872,433
23,615
 
Eagle Materials, Inc.
5,135,318
37,925
 
Exponent, Inc.
3,607,426
63,365
 
Federal Signal Corp.
5,301,750
284,940
 
Flex Ltd. *
8,402,881
373,580
 
Gates Industrial Corp. PLC *
5,906,300
26,127
 
Generac Holdings, Inc. *
3,454,512
49,485
 
Gibraltar Industries, Inc. *
3,392,197
21,300
 
Greif, Inc. Class A
1,224,111
22,500
 
Griffon Corp.
1,436,850
16,890
 
HEICO Corp.
3,776,773
97,669
 
Hexcel Corp.
6,099,429
17,258
 
Hubbell, Inc.
6,307,454
8,300
 
Huntington Ingalls Industries, Inc.
2,044,539
50,377
 
IDEX Corp.
10,135,852
67,793
 
ITT, Inc.
8,757,500
36,000
 
Jabil, Inc.
3,916,440
56,827
 
Knife River Corp. *
3,985,846
34,638
 
Lincoln Electric Holdings, Inc.
6,534,112
26,456
 
Loar Holdings, Inc. *
1,413,015
81,965
 
MDU Resources Group, Inc.
2,057,322
3,527
 
Middleby Corp. *
432,445
14,700
 
Mohawk Industries, Inc. *
1,669,773
6,200
 
Moog, Inc. Class A
1,037,260
73,000
 
Mueller Industries, Inc.
4,156,620
22,438
 
Nordson Corp.
5,204,270
8
See accompanying Notes to the Schedule of Investments
Mercer US Small/Mid Cap Equity Fund
Schedule of Investments (Continued)
(showing percentage of net assets)
June 30, 2024 (Unaudited)
Shares
 
Description
Value ($)
 
Industrial — continued
64,000
 
O-I Glass, Inc. *
712,320
26,000
 
Oshkosh Corp.
2,813,200
20,500
 
Owens Corning
3,561,260
6,010
 
Plexus Corp. *
620,112
32,800
 
Primoris Services Corp.
1,636,392
32,539
 
RBC Bearings, Inc. *
8,778,371
23,660
 
Regal Rexnord Corp.
3,199,305
27,400
 
Ryder System, Inc.
3,394,312
40,300
 
Ryerson Holding Corp.
785,850
10,951
 
Saia, Inc. *
5,193,950
28,600
 
Sanmina Corp. *
1,894,750
103,812
 
Schneider National, Inc. Class B
2,508,098
12,830
 
Scorpio Tankers, Inc.
1,042,951
12,952
 
Simpson Manufacturing Co., Inc.
2,182,801
10,700
 
Snap-on, Inc.
2,796,873
144,993
 
Summit Materials, Inc. Class A*
5,308,194
81,152
 
TD SYNNEX Corp.
9,364,941
27,233
 
Tetra Tech, Inc.
5,568,604
66,700
 
Textron, Inc.
5,726,862
18,700
 
Timken Co.
1,498,431
39,469
 
Toro Co.
3,690,746
55,697
 
TriMas Corp.
1,423,615
68,007
 
Trimble, Inc. *
3,802,951
48,305
 
Universal Logistics Holdings, Inc.
1,960,700
50,430
 
Vertiv Holdings Co., Class A
4,365,725
47,000