NAV & Portfolio as of August 18, 2016


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 78,705 34.68 2,729,489 5.52
BCE Inc. 62,695 61.68 3,867,028 7.82
Canadian Utilities Limited (A) 10,340 38.88 402,019 0.81
Canadian Utilities Limited (B) 62,334 38.57 2,404,222 4.86
Capital Power 133,112 21.56 2,869,895 5.80
Emera Inc. 80,412 48.33 3,886,312 7.86
Enbridge Inc. 62,715 54.02 3,387,864 6.85
Fortis Inc. 84,671 43.01 3,641,700 7.36
Gibson Energy Inc. 112,080 17.60 1,972,608 3.99
Inter Pipeline Fund 124,227 27.70 3,441,088 6.96
Keyera Corp. 96,957 40.42 3,919,002 7.92
Manitoba Telecom Services Inc. 91,576 38.37 3,513,771 7.10
Northland Power Inc. 154,109 24.73 3,811,116 7.71
Pembina Pipelines Corporation 91,100 39.67 3,613,937 7.31
Rogers Communications Inc. Cl. B 59,745 56.78 3,392,321 6.86
TELUS Corporation 81,952 43.11 3,532,951 7.14
TransAlta Corporation 197,772 5.72 1,131,256 2.29
TransCanada Corporation 60,628 61.06 3,701,946 7.49
Veresen Inc. 215,602 12.40 2,673,465 5.41
Other Net Assets     -8,436,332 -17.06
Total     49,455,657 100.00

Units Outstanding 1,844,975
NAV per unit $26.81