Mercer Non-US Core Equity Fund

Fund Profile

Fund profile

Tickers

MNCSX, MNCEX

Fund manager

Mercer Funds

Total assets

$3.75 bn

Liabilities

$149.85 mm

Net assets

$3.60 bn

Number of holdings

868.00

Top 200 of 868 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
SAP SE	62.84 mm	256.80 k shares	1.75	Common equity	Long	Germany
Schneider Electric SE	47.94 mm	192.17 k shares	1.33	Common equity	Long	France
Barclays PLC	42.69 mm	12.71 mm shares	1.19	Common equity	Long	UK
Roche Holding AG	41.30 mm	146.49 k shares	1.15	Common equity	Long	Switzerland
London Stock Exchange Group PLC	36.17 mm	255.94 k shares	1.01	Common equity	Long	UK
TotalEnergies SE	34.41 mm	622.71 k shares	0.96	Common equity	Long	France
CRH PLC	32.93 mm	355.95 k shares	0.92	Common equity	Long	Ireland
TSM Taiwan Semiconductor Manufacturing Company Limited	29.63 mm	150.02 k shares	0.82	Common equity	Long	Taiwan
NatWest Group PLC	28.25 mm	5.61 mm shares	0.79	Common equity	Long	UK
Haleon PLC	26.88 mm	5.69 mm shares	0.75	Common equity	Long	UK
RELX PLC	26.85 mm	590.82 k shares	0.75	Common equity	Long	UK
UniCredit SpA	26.22 mm	657.15 k shares	0.73	Common equity	Long	Italy
Experian PLC	26.09 mm	604.65 k shares	0.72	Common equity	Long	Jersey
Novartis AG	25.19 mm	257.40 k shares	0.70	Common equity	Long	Switzerland
UBS Group AG	24.64 mm	805.20 k shares	0.68	Common equity	Long	Switzerland
Allianz SE	24.03 mm	78.42 k shares	0.67	Common equity	Long	Germany
FNV Franco-Nevada Corporation	22.80 mm	194.16 k shares	0.63	Common equity	Long	Canada
State Street Navigator Securities Lending Government Money Market Portfolio	22.62 mm	22.62 mm shares	0.63	Short-term investment vehicle	Long	USA
Novo Nordisk A/S	22.47 mm	259.27 k shares	0.62	Common equity	Long	Denmark
ASML Holding NV	21.77 mm	30.98 k shares	0.60	Common equity	Long	Netherlands
Shell PLC	21.66 mm	698.50 k shares	0.60	Common equity	Long	UK
Keyence Corp	21.51 mm	52.30 k shares	0.60	Common equity	Long	Japan
Legrand SA	21.23 mm	218.03 k shares	0.59	Common equity	Long	France
Fast Retailing Co Ltd	21.16 mm	61.80 k shares	0.59	Common equity	Long	Japan
Deutsche Boerse AG	21.08 mm	91.53 k shares	0.59	Common equity	Long	Germany
ABB Ltd	20.91 mm	386.16 k shares	0.58	Common equity	Long	Switzerland
Holcim AG	20.24 mm	209.93 k shares	0.56	Common equity	Long	Switzerland
Banco Santander SA	19.94 mm	4.31 mm shares	0.55	Common equity	Long	Spain
Cie de Saint-Gobain SA	19.88 mm	224.04 k shares	0.55	Common equity	Long	France
BNP Paribas SA	19.78 mm	322.50 k shares	0.55	Common equity	Long	France
Hitachi Ltd	19.75 mm	788.50 k shares	0.55	Common equity	Long	Japan
Leonardo SpA	19.61 mm	730.31 k shares	0.54	Common equity	Long	Italy
Intesa Sanpaolo SpA	19.27 mm	4.82 mm shares	0.54	Common equity	Long	Italy
Terumo Corp	18.99 mm	974.70 k shares	0.53	Common equity	Long	Japan
On Holding AG	18.86 mm	344.30 k shares	0.52	Common equity	Long	Switzerland
AIB Group PLC	18.69 mm	3.39 mm shares	0.52	Common equity	Long	Ireland
Mitsubishi Electric Corp	18.24 mm	1.07 mm shares	0.51	Common equity	Long	Japan
CaixaBank SA	17.89 mm	3.30 mm shares	0.50	Common equity	Long	Spain
ING Groep NV	17.83 mm	1.14 mm shares	0.50	Common equity	Long	Netherlands
Techtronic Industries Co Ltd	17.21 mm	1.30 mm shares	0.48	Common equity	Long	Hong Kong
Resona Holdings Inc	17.17 mm	2.36 mm shares	0.48	Common equity	Long	Japan
NTT Data Group Corp	16.26 mm	843.60 k shares	0.45	Common equity	Long	Japan
Sanofi SA	16.12 mm	166.09 k shares	0.45	Common equity	Long	France
Samsung Electronics Co Ltd	16.00 mm	442.81 k shares	0.44	Common equity	Long	Korea, Republic of
Compass Group PLC	15.79 mm	473.51 k shares	0.44	Common equity	Long	UK
Air Liquide SA	15.76 mm	97.02 k shares	0.44	Common equity	Long	France
Taiwan Semiconductor Manufacturing Co Ltd	15.48 mm	472.00 k shares	0.43	Common equity	Long	Taiwan
GSK PLC	15.15 mm	898.30 k shares	0.42	Common equity	Long	UK
Tokio Marine Holdings Inc	15.04 mm	412.60 k shares	0.42	Common equity	Long	Japan
Wolters Kluwer NV	14.94 mm	89.95 k shares	0.42	Common equity	Long	Netherlands
Adyen NV	14.86 mm	9.99 k shares	0.41	Common equity	Long	Netherlands
Orange SA	14.66 mm	1.47 mm shares	0.41	Common equity	Long	France
Cie Financiere Richemont SA	14.64 mm	96.21 k shares	0.41	Common equity	Long	Switzerland
NEXTDC Ltd	14.58 mm	1.56 mm shares	0.41	Common equity	Long	Australia
Ferrari NV	14.43 mm	33.79 k shares	0.40	Common equity	Long	Netherlands
Mitsubishi Heavy Industries Ltd	14.40 mm	1.02 mm shares	0.40	Common equity	Long	Japan
Siemens AG	14.23 mm	72.91 k shares	0.40	Common equity	Long	Germany
AstraZeneca PLC	14.16 mm	108.01 k shares	0.39	Common equity	Long	UK
Unilever PLC	14.10 mm	247.58 k shares	0.39	Common equity	Long	UK
NEC Corp	14.02 mm	160.60 k shares	0.39	Common equity	Long	Japan
Swiss Re AG	14.00 mm	96.70 k shares	0.39	Common equity	Long	Switzerland
Siemens Energy AG	13.71 mm	262.82 k shares	0.38	Common equity	Long	Germany
CSL Ltd	13.60 mm	77.99 k shares	0.38	Common equity	Long	Australia
Lonza Group AG	13.57 mm	22.95 k shares	0.38	Common equity	Long	Switzerland
Bank of Ireland Group PLC	13.47 mm	1.48 mm shares	0.37	Common equity	Long	Ireland
Canon Inc	13.43 mm	409.00 k shares	0.37	Common equity	Long	Japan
Takeda Pharmaceutical Co Ltd	13.39 mm	503.30 k shares	0.37	Common equity	Long	Japan
Toyo Suisan Kaisha Ltd	13.27 mm	193.80 k shares	0.37	Common equity	Long	Japan
EssilorLuxottica SA	13.26 mm	54.35 k shares	0.37	Common equity	Long	France
Lloyds Banking Group PLC	13.02 mm	18.97 mm shares	0.36	Common equity	Long	UK
Hong Kong Exchanges & Clearing Ltd	12.93 mm	340.70 k shares	0.36	Common equity	Long	Hong Kong
Diageo PLC	12.90 mm	406.06 k shares	0.36	Common equity	Long	UK
Iberdrola SA	12.86 mm	934.06 k shares	0.36	Common equity	Long	Spain
Sumitomo Mitsui Financial Group Inc	12.72 mm	531.00 k shares	0.35	Common equity	Long	Japan
Amadeus IT Group SA	12.34 mm	174.80 k shares	0.34	Common equity	Long	Spain
Zurich Insurance Group AG	12.22 mm	20.56 k shares	0.34	Common equity	Long	Switzerland
IMI PLC	11.95 mm	523.82 k shares	0.33	Common equity	Long	UK
Repsol SA	11.93 mm	985.22 k shares	0.33	Common equity	Long	Spain
A Agilent Technologies, Inc.	11.90 mm	88.61 k shares	0.33	Common equity	Long	USA
Kerry Group PLC	11.90 mm	123.26 k shares	0.33	Common equity	Long	Ireland
GOLD Barrick Gold Corporation	11.89 mm	767.12 k shares	0.33	Common equity	Long	Canada
Mizuho Financial Group Inc	11.83 mm	480.20 k shares	0.33	Common equity	Long	Japan
Schindler Holding AG	11.61 mm	42.03 k shares	0.32	Common equity	Long	Switzerland
Koninklijke Ahold Delhaize NV	11.29 mm	346.10 k shares	0.31	Common equity	Long	Netherlands
Shimadzu Corp	10.99 mm	387.20 k shares	0.31	Common equity	Long	Japan
Euronext NV	10.87 mm	96.94 k shares	0.30	Common equity	Long	Netherlands
Panasonic Holdings Corp	10.80 mm	1.03 mm shares	0.30	Common equity	Long	Japan
CDNS Cadence Design Systems, Inc.	10.61 mm	35.30 k shares	0.29	Common equity	Long	USA
Nippon Telegraph & Telephone Corp	10.44 mm	10.39 mm shares	0.29	Common equity	Long	Japan
DSM-Firmenich AG	10.40 mm	102.74 k shares	0.29	Common equity	Long	Switzerland
MonotaRO Co Ltd	10.39 mm	610.90 k shares	0.29	Common equity	Long	Japan
NN Group NV	10.36 mm	237.83 k shares	0.29	Common equity	Long	Netherlands
DSV A/S	10.36 mm	48.79 k shares	0.29	Common equity	Long	Denmark
Nomura Research Institute Ltd	10.29 mm	347.00 k shares	0.29	Common equity	Long	Japan
Tesco PLC	10.21 mm	2.21 mm shares	0.28	Common equity	Long	UK
Woodside Energy Group Ltd	10.10 mm	662.92 k shares	0.28	Common equity	Long	Australia
Rio Tinto Ltd	10.01 mm	137.58 k shares	0.28	Common equity	Long	Australia
iShares MSCI EAFE ETF	9.99 mm	132.07 k shares	0.28	Common equity	Long	USA
ORIX Corp	9.91 mm	456.90 k shares	0.28	Common equity	Long	Japan
Nordea Bank Abp	9.90 mm	909.27 k shares	0.28	Common equity	Long	Finland
Bayerische Motoren Werke AG	9.89 mm	120.98 k shares	0.27	Common equity	Long	Germany
Pernod Ricard SA	9.78 mm	86.61 k shares	0.27	Common equity	Long	France
Swatch Group AG/The	9.74 mm	53.49 k shares	0.27	Common equity	Long	Switzerland
Capgemini SE	9.67 mm	59.04 k shares	0.27	Common equity	Long	France
Volvo AB	9.49 mm	390.40 k shares	0.26	Common equity	Long	Sweden
Mercedes-Benz Group AG	9.36 mm	168.08 k shares	0.26	Common equity	Long	Germany
AEM Agnico Eagle Mines Limited	9.27 mm	118.54 k shares	0.26	Common equity	Long	Canada
KDDI Corp	9.25 mm	288.30 k shares	0.26	Common equity	Long	Japan
Honda Motor Co Ltd	9.23 mm	944.90 k shares	0.26	Common equity	Long	Japan
China Construction Bank Corp	9.21 mm	11.04 mm shares	0.26	Common equity	Long	China
Alibaba Group Holding Ltd	9.10 mm	857.60 k shares	0.25	Common equity	Long	Cayman Islands
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	9.09 mm	18.02 k shares	0.25	Common equity	Long	Germany
Heidelberg Materials AG	9.07 mm	73.46 k shares	0.25	Common equity	Long	Germany
WPM Wheaton Precious Metals Corp.	9.05 mm	160.84 k shares	0.25	Common equity	Long	Canada
Glencore PLC	9.00 mm	2.03 mm shares	0.25	Common equity	Long	Jersey
Danske Bank A/S	8.89 mm	314.28 k shares	0.25	Common equity	Long	Denmark
United Overseas Bank Ltd	8.85 mm	332.30 k shares	0.25	Common equity	Long	Singapore
Generali	8.80 mm	311.72 k shares	0.24	Common equity	Long	Italy
MS&AD Insurance Group Holdings Inc	8.62 mm	393.00 k shares	0.24	Common equity	Long	Japan
Volkswagen AG	8.61 mm	93.33 k shares	0.24	Preferred equity	Long	Germany
Nintendo Co Ltd	8.54 mm	144.80 k shares	0.24	Common equity	Long	Japan
Ping An Insurance Group Co of China Ltd	8.51 mm	1.44 mm shares	0.24	Common equity	Long	China
British American Tobacco PLC	8.50 mm	235.60 k shares	0.24	Common equity	Long	UK
ADI Analog Devices, Inc.	8.42 mm	39.63 k shares	0.23	Common equity	Long	USA
Julius Baer Group Ltd	8.40 mm	129.84 k shares	0.23	Common equity	Long	Switzerland
ABN AMRO Bank NV	8.36 mm	542.31 k shares	0.23	Common equity	Long	Netherlands
Deutsche Bank AG	8.18 mm	474.81 k shares	0.23	Common equity	Long	Germany
Nomura Holdings Inc	8.14 mm	1.37 mm shares	0.23	Common equity	Long	Japan
Coca-Cola HBC AG	8.08 mm	236.22 k shares	0.22	Common equity	Long	Switzerland
Eni SpA	7.94 mm	586.07 k shares	0.22	Common equity	Long	Italy
Kia Corp	7.89 mm	115.27 k shares	0.22	Common equity	Long	Korea, Republic of
Investor AB	7.88 mm	297.54 k shares	0.22	Common equity	Long	Sweden
KVUE Kenvue Inc.	7.78 mm	364.38 k shares	0.22	Common equity	Long	USA
Ryanair Holdings PLC	7.78 mm	178.42 k shares	0.22	Common equity	Long	Ireland
Wesfarmers Ltd	7.73 mm	174.46 k shares	0.21	Common equity	Long	Australia
Ashtead Group PLC	7.62 mm	122.48 k shares	0.21	Common equity	Long	UK
WH Group Ltd	7.60 mm	9.82 mm shares	0.21	Common equity	Long	Cayman Islands
Trip.com Group Ltd	7.59 mm	110.60 k shares	0.21	Common equity	Long	Cayman Islands
AXA SA	7.58 mm	213.30 k shares	0.21	Common equity	Long	France
Rohto Pharmaceutical Co Ltd	7.55 mm	412.20 k shares	0.21	Common equity	Long	Japan
SGS SA	7.54 mm	75.18 k shares	0.21	Common equity	Long	Switzerland
Marubeni Corp	7.49 mm	492.10 k shares	0.21	Common equity	Long	Japan
A2A SpA	7.47 mm	3.36 mm shares	0.21	Common equity	Long	Italy
AEM Agnico Eagle Mines Limited	7.45 mm	95.20 k shares	0.21	Common equity	Long	Canada
BCS Barclays PLC	7.42 mm	558.14 k shares	0.21	Common equity	Long	UK
Smith & Nephew PLC	7.37 mm	593.90 k shares	0.20	Common equity	Long	UK
Hermes International SCA	7.36 mm	3.06 k shares	0.20	Common equity	Long	France
Unipol Gruppo SpA	7.36 mm	591.16 k shares	0.20	Common equity	Long	Italy
Tokyo Gas Co Ltd	7.35 mm	264.30 k shares	0.20	Common equity	Long	Japan
Imperial Brands PLC	7.34 mm	229.50 k shares	0.20	Common equity	Long	UK
Shionogi & Co Ltd	7.26 mm	514.50 k shares	0.20	Common equity	Long	Japan
H & M Hennes & Mauritz AB	7.26 mm	537.90 k shares	0.20	Common equity	Long	Sweden
adidas AG	7.25 mm	29.55 k shares	0.20	Common equity	Long	Germany
Daimler Truck Holding AG	7.13 mm	186.90 k shares	0.20	Common equity	Long	Germany
Dassault Systemes SE	7.06 mm	203.60 k shares	0.20	Common equity	Long	France
Mitsubishi UFJ Financial Group Inc	7.02 mm	597.70 k shares	0.20	Common equity	Long	Japan
Banco de Sabadell SA	6.91 mm	3.55 mm shares	0.19	Common equity	Long	Spain
Bankinter SA	6.87 mm	868.47 k shares	0.19	Common equity	Long	Spain
3i Group PLC	6.86 mm	153.70 k shares	0.19	Common equity	Long	UK
Industrial & Commercial Bank of China Ltd	6.80 mm	10.14 mm shares	0.19	Common equity	Long	China
Japan Post Holdings Co Ltd	6.79 mm	716.30 k shares	0.19	Common equity	Long	Japan
QBE Insurance Group Ltd	6.71 mm	564.15 k shares	0.19	Common equity	Long	Australia
Olympus Corp	6.68 mm	443.10 k shares	0.19	Common equity	Long	Japan
Advantest Corp	6.66 mm	113.80 k shares	0.19	Common equity	Long	Japan
AIA Group Ltd	6.65 mm	918.20 k shares	0.18	Common equity	Long	Hong Kong
Sompo Holdings Inc	6.64 mm	253.20 k shares	0.18	Common equity	Long	Japan
Deutsche Telekom AG	6.61 mm	221.11 k shares	0.18	Common equity	Long	Germany
Shin-Etsu Chemical Co Ltd	6.60 mm	196.00 k shares	0.18	Common equity	Long	Japan
GEA Group AG	6.60 mm	133.30 k shares	0.18	Common equity	Long	Germany
SHOP Shopify Inc.	6.58 mm	61.92 k shares	0.18	Common equity	Long	Canada
ENEOS Holdings Inc	6.58 mm	1.25 mm shares	0.18	Common equity	Long	Japan
Intertek Group PLC	6.49 mm	109.59 k shares	0.18	Common equity	Long	UK
Aker BP ASA	6.46 mm	331.00 k shares	0.18	Common equity	Long	Norway
Telefonaktiebolaget LM Ericsson	6.43 mm	790.26 k shares	0.18	Common equity	Long	Sweden
Deutsche Post AG	6.36 mm	180.70 k shares	0.18	Common equity	Long	Germany
Chiba Bank Ltd/The	6.32 mm	812.09 k shares	0.18	Common equity	Long	Japan
Credit Agricole SA	6.28 mm	456.20 k shares	0.17	Common equity	Long	France
Signify NV	6.25 mm	279.86 k shares	0.17	Common equity	Long	Netherlands
Kingfisher PLC	6.23 mm	2.00 mm shares	0.17	Common equity	Long	UK
Hirose Electric Co Ltd	6.16 mm	51.70 k shares	0.17	Common equity	Long	Japan
Super Retail Group Ltd	6.14 mm	653.15 k shares	0.17	Common equity	Long	Australia
Symrise AG	6.12 mm	57.61 k shares	0.17	Common equity	Long	Germany
ANZ Group Holdings Ltd	6.06 mm	342.80 k shares	0.17	Common equity	Long	Australia
Beiersdorf AG	6.00 mm	46.76 k shares	0.17	Common equity	Long	Germany
Inpex Corp	5.98 mm	477.00 k shares	0.17	Common equity	Long	Japan
Teva Pharmaceutical Industries Ltd	5.92 mm	266.40 k shares	0.16	Common equity	Long	Israel
Logitech International SA	5.83 mm	70.47 k shares	0.16	Common equity	Long	Switzerland
Swedbank AB	5.77 mm	292.05 k shares	0.16	Common equity	Long	Sweden
CP Canadian Pacific Railway Limited	5.76 mm	79.56 k shares	0.16	Common equity	Long	Canada
OMV AG	5.64 mm	145.74 k shares	0.16	Common equity	Long	Austria
Rexel SA	5.63 mm	220.90 k shares	0.16	Common equity	Long	France
Industria de Diseno Textil SA	5.51 mm	107.24 k shares	0.15	Common equity	Long	Spain
Knorr-Bremse AG	5.50 mm	75.50 k shares	0.15	Common equity	Long	Germany
Sumitomo Mitsui Trust Group Inc	5.50 mm	234.10 k shares	0.15	Common equity	Long	Japan
Sojitz Corp	5.47 mm	264.94 k shares	0.15	Common equity	Long	Japan
Sun Hung Kai Properties Ltd	5.44 mm	566.00 k shares	0.15	Common equity	Long	Hong Kong
SKF AB	5.38 mm	286.40 k shares	0.15	Common equity	Long	Sweden
J Sainsbury PLC	5.27 mm	1.54 mm shares	0.15	Common equity	Long	UK
Yangzijiang Shipbuilding Holdings Ltd	5.25 mm	2.40 mm shares	0.15	Common equity	Long	Singapore
Taisei Corp	5.24 mm	124.00 k shares	0.15	Common equity	Long	Japan