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To provide a gross return 1.5% above the NZX 90 Day Bank Bill Return on a long-run compound average basis. The Fund will invest into a diversified portfolio of higher performing New Zealand and global fixed interest securities. The Fund shall have a disciplined investment approach as reflected in the Authorised Investments. Fund outperformance opportunities will arise from a combination of capturing attractive credit margins, providing global credit conditions are generally supportive, along with more defensive positioning in more risk adverse conditions. Total exposure limits to individual issuers will be prudently managed as per the investment guidelines.
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