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The objective of the sub-fund consists of seeking a long-term yield and/or capital gain by managing a portfolio mainly composed of fixed or variable-income debt securities from issuers in the private sector, without any restriction at a geographical, monetary or sectoral level, or concerning their maturity or the quality of the issuer. The proceeds of fixed and variable-rate bonds and debt securities denominated in euros will be reinvested in accordance with the investment policy described herein with the aim of seeking a return and/or capital gain taking due account of the best interests of shareholders.