Income Fund Holdings

As of March 31, 2012

Asset Mix

Issuer Allocation (Bonds)

Rating Summary

Term to Maturity

Top 10 Holdings

1.
iShares iBoxx High Yield Corporate Bond Fund
 4.1%
2.
SPDR Barclays Capital High Yield Bond ETF
4.1%
3.
Government of Canada 0.75% May 01/14
3.8%
4.
RBC Putable 10 Year GOC Linked Note 1.177% Dec 11/12
 3.2%
5.
Bank of Montreal 2.96% Aug 02/16
 2.2%
6.
CIBC 4.11% Apr 30/15
2.1%
7.
Province of Ontario 4.30% Mar 08/17
2.0%
8.
Province of Ontario 1.90% Sep 08/17
 1.9%
9.
Royal Bank
 1.8%
10.
Bank of Nova Scotia
 1.8%