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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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SIGNATURE CORY GOSSARD
TITLE SUPERVISOR
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<NAME> MAGNA FUNDS
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<NAME> MAGNA INTERMEDIATE GOVERNMENT BOND FUND
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