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The Fund invests in securities such as corporate bonds, government bonds, mortgage and asset-backed securities, and may include sovereign agency and supranational debt. At the time of purchase, all securities in the Fund must be of investment grade credit rating. The Fund may gain its exposure by investing in UBS managed funds. The Fund may also invest in financial derivatives to gain or reduce exposure to relevant markets and currencies and manage investment risk. Foreign currency exposure is hedged to $A.
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