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The fund’s objective is to provide investors with diversified exposure to the Singapore fixed income market through investment in SGD denominated bonds. To achieve the investment objective, the Fund will invest in a diversified portfolio of SGD denominated fixed income securities, including debt securities issued by the Singapore government, Singapore statutory boards and corporate with issuer credit ratings of at least Baa by Moody’s, BBB by Standard and Poor’s or BBB by Fitch Inc (including sub-categories or gradations therein). The Fund may also invest in non-rated debt securities issued by Singapore-incorporated entities and Singapore statutory boards.
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