Statement Summary
The Securities and Exchange Commission (SEC) has issued a notice concerning Mercer Funds and Mercer Investments LLC‘s application for an exemption under the Investment Company Act of 1940. The requested exemption would enable the Trust’s board of trustees to approve new and materially amending existing sub-advisory agreements without fulfilling the in-person meeting requirement outlined in Section 15(c) of the Act.
The application was filed on April 3, 2025, with a deadline for hearing requests set for June 16, 2025. Interested individuals can request a hearing to comment on the application, and further details can be sourced from the SEC’s EDGAR system or by contacting the SEC’s Office of Investor Education and Advocacy.
Original Statement
SECURITIES AND EXCHANGE COMMISSION
Investment Company Act Release No. 35604; 812-15743
Mercer Funds and Mercer Investments LLC
May 21, 2025.
AGENCY: Securities and Exchange Commission (“Commission” or “SEC”).
ACTION: Notice.
Notice of an application under Section 6(c) of the Investment Company Act of 1940 (“Act”) for an exemption from Section 15(c) of the Act.
Summary of Application: The requested exemption would permit a Trust’s board of trustees to approve new sub-advisory agreements and material amendments to existing sub-advisory agreements without complying with the in-person meeting requirement of Section 15(c) of the Act.
Applicants: Mercer Funds and Mercer Investments LLC
Filing Date: The application was filed on April 3, 2025.
Hearing or Notification of Hearing: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by e-mailing the SEC’s Secretary at Secretarys-Office and serving the Applicants with a copy of the request by e-mail, if an e-mail address is listed for the relevant Applicant below, or personally or by mail, if a physical address is listed for the relevant Applicant below. Hearing requests should be received by the Commission by 5:30 p.m. on June 16, 2025, and should be accompanied by proof of service on the Applicants, in the form of an affidavit, or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by emailing the Commission’s Secretary.
ADDRESSES: The Commission: Secretarys-Office Applicants: Kenneth R. Earley, Esq., Mercer Investments LLC, kenneth.earley 99 High Street, Boston, Massachusetts 02110.
FOR FURTHER INFORMATION CONTACT: Rachel Loko, Senior Special Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: For Applicants’ representations, legal analysis, and conditions, please refer to Applicants’ application, dated April 3, 2025, which may be obtained via the Commission’s website by searching for the file number at the top of this document, or for an Applicant using the Company name search field on the SEC’s EDGAR system. The SEC’s EDGAR system may be searched at [insert link here].
You may also call the SEC’s Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management, under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
