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The Fund has its policy to invest at least 80% of NAV abroad. The majority of the Fund's investment, on the average of at least 80% of NAV in each accounting period, shall be invested in Franklin Gold and Precious Metals Fund. The Fund may invest in Thailand as to serve the operational purpose or pending for foreign investment or secure the liquidity of the Fund or any other purposes in such manner. Investment in Thailand shall be deposits, money market papers and other types of investment allowed by the SEC Laws. The Fund maynot invest in derivative as to hedge from the foreign exchange risk.
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