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The following is a general summary of the investment objectives and policies of the Sub-Funds. The specific investment objectives and policies and other specific details for each of the SubFunds are set out in Appendix I hereto. The Sub-Funds will seek a leveraged exposure to nominal interest rates as set out in the investment policy for each Sub-Fund. The investment objective of the Sub-Funds is to achieve general leveraged exposure to nominal interest rates through the use of a broad range of techniques, as set out in the investment policy for the Sub-Funds.
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