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Please refer to the “General Risks Applicable","page_number":3,"box":{"x":54,"y":166,"width":871,"height":7}},{"id":"cac3d634-4a49-43eb-b1a3-94e7ddc2913d","block_type":"box","text":"to All Sub-Funds” and to the relevant “Sub-Fund Specific Risk Factors” sections of the “Key Features of Managed Pension Funds Limited” document, which is available at:","page_number":3,"box":{"x":53,"y":175,"width":867,"height":8}},{"id":"a59a788d-f157-4b08-a9f0-156c4272328b","block_type":"box","text":"https://www.ssga.com/publications/firm/Key-Features-of-Managed-Pension-Funds-Limited.pdf","page_number":3,"box":{"x":54,"y":185,"width":483,"height":7}},{"id":"5fa88b66-1d37-476a-bc8d-f3522246bdf2","block_type":"box","text":"TER Max represents the fund's aggregate operating and management fees excluding transaction costs. Transaction costs are billed separately to the fund.","page_number":3,"box":{"x":54,"y":194,"width":780,"height":8}},{"id":"bbb7905c-46b5-4080-b5d5-482710318fe4","block_type":"box","text":"“Bloomberg","page_number":3,"box":{"x":58,"y":204,"width":59,"height":7}},{"id":"9c74537d-f2e3-4c34-a182-e724eabe085c","block_type":"box","text":"®","page_number":3,"box":{"x":118,"y":203,"width":6,"height":5}},{"id":"dbbb9dee-d73c-4978-9282-b5674b89a197","block_type":"box","text":"” and all Bloomberg Indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator","page_number":3,"box":{"x":125,"y":204,"width":821,"height":7}},{"id":"1009a7ca-f816-4928-94eb-19533e9b2a4a","block_type":"box","text":"of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by State Street Bank and Trust Company, through its State Street Global Advisors","page_number":3,"box":{"x":54,"y":213,"width":879,"height":8}},{"id":"798915c8-632e-4fce-b9bc-6bf0b19d3f55","block_type":"box","text":"division (“SSGA”). Bloomberg is not affiliated with SSGA, and Bloomberg does not approve, endorse, review, or recommend any SSGA product. Bloomberg does not guarantee","page_number":3,"box":{"x":54,"y":223,"width":886,"height":7}},{"id":"cd2d658b-f127-402d-b0f2-bebc30f61e64","block_type":"box","text":"the timeliness, accurateness, or completeness of any data or information relating to any SSGA product.","page_number":3,"box":{"x":53,"y":232,"width":521,"height":8}},{"id":"97e64523-3b37-4107-882d-806daf874926","block_type":"box","text":"The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent.","page_number":3,"box":{"x":54,"y":242,"width":853,"height":7}},{"id":"7e44856c-8229-4403-a54d-b0ed205934f8","block_type":"box","text":"Glossary:","page_number":3,"box":{"x":54,"y":261,"width":46,"height":7}},{"id":"dc9d8b53-d3a1-4175-a1b6-ee15d2c6fdea","block_type":"box","text":"Effective Convexity","page_number":3,"box":{"x":54,"y":270,"width":97,"height":8}},{"id":"038e083f-28c2-495d-b82c-ecad104bdf83","block_type":"box","text":"A measure of the curvature in the relationship between bond prices and bond yields that demonstrates how the duration of a bond changes as the interest rate changes.","page_number":3,"box":{"x":54,"y":280,"width":853,"height":7}},{"id":"3ab3f255-f8e4-4881-bf8f-86b5ff7c786d","block_type":"box","text":"Effective Duration","page_number":3,"box":{"x":54,"y":289,"width":90,"height":6}},{"id":"431bd129-00ff-4874-b471-974cc90275c0","block_type":"box","text":"A duration calculation for bonds that have embedded options. This measure of duration takes into account the fact that expected cash flows will fluctuate as interest rates","page_number":3,"box":{"x":54,"y":299,"width":860,"height":7}},{"id":"a6fd0782-d1d2-4dbf-be6f-1240254d319f","block_type":"box","text":"change. Effective duration can be estimated using modified duration if a bond with embedded options behaves like an option-free bond.","page_number":3,"box":{"x":54,"y":308,"width":689,"height":8}},{"id":"f6c37c99-ebde-4410-9485-d6f46326ee55","block_type":"box","text":"Yield to Maturity","page_number":3,"box":{"x":53,"y":318,"width":85,"height":7}},{"id":"0a3ff02f-8dcd-44e3-98fb-b7a30f4013b8","block_type":"box","text":"The total return anticipated on a bond if the bond is held until it matures. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate. 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