Mercer BT Multi-Strategy Alternatives - Managed Fund

Fund Objective

To outperform the Bloomberg AusBond Bank Bill Index plus 2.0% per annum net of fees over rolling five-year periods.

Fund Strategy

The Fund; through its investment in the ADAF; provides investors exposure to a diversified portfolio of actively managed Underlying Funds; predominantly in alternative strategies. It seeks to provide an investment return consistent with the investment objective of the Fund but which has a low correlation to traditional equity and fixed income investments.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.05%	0.61%	1.19%	3.14%	4%	3.88%	-%	-%
Growth return	0.05%	0.61%	1.19%	3.14%	4%	3.42%	-%	-%
Income return	0%	0%	0%	0%	0%	0.46%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.29%	0.88%	1.8%	3.88%	4.14%	4.05%	2.7%	2.09%

As at 30 Nov 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mercer BT Multi-Strategy Alternatives

International Equities: 48.14%

Cash: 4.79%

Alternatives: 47.07%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

International Equities: 7.28%

Cash: 46.27%

Alternatives: 20.29%

Australian Equities: 3.91%

Property & Infrastructure: 1.87%

Fixed Interest: 20.38%

General Information

Fund Details

Type	Description
Fund Name	Mercer BT Multi-Strategy Alternatives
Responsible Entity	Mercer Investments (Australia) Limited
APIR Code	WFS4244AU
Sector/Asset Class	Alternative - Multistrategy
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	6 Dec 2021
Fund Size	$23.12 million (as at 23 Dec 2025)
Entry Price	$1.0718 (as at 23 Dec 2025)
Exit Price	$1.0714 (as at 23 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.97% (as at 1 Dec 2024)
Indirect Cost Ratio (ICR)	0.84% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$500,000

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FAQs about the Mercer BT Multi-Strategy Alternatives

What is the objective of the Mercer BT Multi-Strategy Alternatives managed fund?

The objective of the Mercer BT Multi-Strategy Alternatives managed fund is To outperform the Bloomberg AusBond Bank Bill Index plus 2.0% per annum net of fees over rolling five-year periods.

What is the strategy for the Mercer BT Multi-Strategy Alternatives managed fund?

The strategy of the Mercer BT Multi-Strategy Alternatives managed fund is The Fund; through its investment in the ADAF; provides investors exposure to a diversified portfolio of actively managed Underlying Funds; predominantly in alternative strategies. It seeks to provide an investment return consistent with the investment objective of the Fund but which has a low correlation to traditional equity and fixed income investments.

What is the APIR code of the Mercer BT Multi-Strategy Alternatives managed fund?

The APIR code of the Mercer BT Multi-Strategy Alternatives managed fund is WFS4244AU.

What was Mercer BT Multi-Strategy Alternatives’s total return last month?

Mercer BT Multi-Strategy Alternatives’s total return last month was 0.05%. This was made up of a growth return of 0.05% and an income return of 0%. These returns were calculated as at 30 Nov 2025.

What was Mercer BT Multi-Strategy Alternatives’s total return for the last three months?

Mercer BT Multi-Strategy Alternatives’s total return for the last three months was 0.61%. This was made up of a growth return of 0.61% and an income return of 0%%. These returns were calculated as at 30 Nov 2025.

What is Mercer BT Multi-Strategy Alternatives’s one-year total return?

Mercer BT Multi-Strategy Alternatives’s one-year total return is 3.14%. This was made up of a growth return of 3.14% and an income return of 0%. These returns were calculated as at 30 Nov 2025.

What is Mercer BT Multi-Strategy Alternatives’s three-year total return?

Mercer BT Multi-Strategy Alternatives’s one-year total return is 3.88%. This was made up of a growth return of 3.42% and an income return of 0.46%. These returns were calculated as at 30 Nov 2025.

What is the asset allocation of the Mercer BT Multi-Strategy Alternatives managed fund?

The asset allocation of the Mercer BT Multi-Strategy Alternatives managed fund is :

International Equities: 48.14%

Cash: 4.79%

Alternatives: 47.07%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Mercer BT Multi-Strategy Alternatives managed fund?

The Responsible Entity for the Mercer BT Multi-Strategy Alternatives managed fund is Mercer Investments (Australia) Limited.

What sector/asset class does the Mercer BT Multi-Strategy Alternatives managed fund belong to?

The Mercer BT Multi-Strategy Alternatives managed fund belongs to the Alternative - Multistrategy sector/asset class.

What is the size of the Mercer BT Multi-Strategy Alternatives managed fund?

As at 23 Dec 2025, the size of the Mercer BT Multi-Strategy Alternatives managed fund was $23.12 million.

What is the inception date of the Mercer BT Multi-Strategy Alternatives managed fund?

The Mercer BT Multi-Strategy Alternatives managed fund has an inception date of 6 Dec 2021.

What is the current entry price of the Mercer BT Multi-Strategy Alternatives managed fund?

The current entry price of the Mercer BT Multi-Strategy Alternatives managed fund is $1.0718 per unit and the current exit price is $1.0714 per unit (as at 23 Dec 2025).

What is the current exit price of the Mercer BT Multi-Strategy Alternatives managed fund?

The current exit price of the Mercer BT Multi-Strategy Alternatives managed fund is $1.0714 per unit and the current entry price is $1.0718 per unit (as at 23 Dec 2025).

What is the minimum investment amount for the Mercer BT Multi-Strategy Alternatives managed fund?

The minimum initial investment amount for the Mercer BT Multi-Strategy Alternatives managed fund is $500,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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