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Unit trusts quarterly report

30 June 2008

Portfolio composition

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Unit trusts are generally medium- to long-term investments. The value of units may go down as well as up and performance is not necessarily a guide to the future. Unit trusts are traded at ruling prices. A schedule of fees and charges is available on request from the Management Company. Commission and incentives may be paid and if so, are included in the overall costs.
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Sanlam Life Insurance Limited is a licensed financial services provider.