Income Fund Holdings

As of December 31, 2009

Asset Mix

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Issuer Allocation (Bonds)

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Rating Summary

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Term to Maturity

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Top 10 Holdings

1.
SPDR Barclays Capital High Yield ETF
7.3%
2.
iShares iBoxx High Yield Corporate Bond Fund
7.3%
3.
Government of Canada 1.75% Mar 01/13
4.7%
4.
Government of Canada 3.50% Jun 01/20
2.8%
5.
Province of Quebec 9.375% Jan 16/23
1.8%
6.
Province of Quebec 4.50% Dec 01/19
1.8%
7.
Royal Bank
1.7%
8.
Toronto-Dominion Bank
1.7%
9.
Manulife Financial
1.5%
10.
Morgan Stanley 4.90% Feb 23/17
1.4%