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The fund is a passively managed exchange-traded fund (ETF) that aims to track the performance of the J.P. Morgan Government Bond Index (GBI) United Kingdom Short-term Custom Maturity Index (the Index), subject to the deduction of the ongoing charges and other costs associated with operating the fund. The Index is designed to provide exposure to Pound Sterling denominated fixed rate investment grade bonds issued by the United Kingdom government, which are maturing within the next 3 months to 5 years.
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