Income Fund Holdings

As of December 31, 2011

Asset Mix

Issuer Allocation (Bonds)

Rating Summary

Term to Maturity

Top 10 Holdings

1.
Government of Canada 3.00% Dec 01/15
5.1%
2.
Government of Canada 1.50% Mar 01/17
 4.9%
3.
iShares iBoxx High Yield Corporate Bond Fund
 4.4%
4.
SPDR Barclays Capital High Yield Bond ETF
4.4%
5.
RBC Yield Curve Deposit Note 1.099% Mar 16/12
 2.5%
6.
Bank of Montreal 2.96% Aug 02/16
 2.1%
7.
TD Capital Trust 7.243% Dec 31/18
1.8%
8.
Government of Canada 2.75% Sep 01/16
 1.7%
9.
Province of Ontario 4.65% Jun 02/41
1.7%
10.
Province of Ontario 3.15% Jun 02/22
 1.7%