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This fund invests in bonds (rated B and above) of European countries in local currencies. Barclay Capital Pan Europe Aggregate Index (yen-based). Currency exposure is not hedged in principle. Average credit quality of the portfolio is maintained A and above. Allocation of bonds rated BB and below is 10% and less. Bonds rated below B are not to be held. Currency exposure is not hedged in principle. Income distribution; quarterly.
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