Equity Fund Holdings

As of December 31, 2011

Geographic Breakdown (Equities)

Sector Allocation

Asset Mix

Top 10 Holdings

1.
TD Bank (Canada)
Canada's premier retail bank.
6.4%
2.
Suncor Energy (Canada)
A prominent North American energy producer with operations focused in the northern Alberta oil sands.
6.2%
3.
Crescent Point Energy (Canada)
An oil and gas producer with a focus on light and medium oil in southern Saskatchewan and Alberta. Produces roughly 70,000 barrels of oil/day.
6.0%
4.
Asia Pacific Breweries (Singapore)
Brews and markets over 40 beers (including Tiger and Heineken) in key Asian markets, including China, Singapore, Indonesia and Thailand.
5.3%
5.
Novartis (Switzerland)
Swiss-based health care company with a focus on pharmaceuticals, vaccines, consumer products and diagnostic tools.
5.2%
6.
Unilever (United Kingdom)
A multinational consumer products company whose brands include Sunlight, Lipton, Slim-Fast, Vaseline and Dove.
5.1%
7.
CVS Caremark (United States)
America's largest pharmacy.
4.5%
8.
Birchcliff Energy (Canada)
An intermediate oil & gas company with operations in the Peace River Arch area of Alberta. Natural gas accounts for roughly 70% of production.
4.4%
9.
Lincoln Electric (United States)
Provides advanced welding and cutting technologies to the transportation, construction, and oil & gas industries, among others.
4.1%
10.
TMX Group (Canada)
Owns and operates the Toronto Stock Exchange and TSX Venture Exchange.
4.0%