NAV & Portfolio as of July 02, 2015


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 85,272 38.82 3,310,259 6.42
BCE Inc. 67,926 53.69 3,646,947 7.08
Canadian Utilities Limited (A) 11,201 36.04 403,684 0.78
Canadian Utilities Limited (B) 67,535 36.00 2,431,260 4.72
Capital Power 144,217 21.76 3,138,162 6.09
Emera Inc. 87,121 39.88 3,474,385 6.74
Enbridge Inc. 67,946 58.83 3,997,263 7.76
Fortis Inc. 91,734 35.45 3,251,970 6.31
Gibson Energy Inc. 121,435 22.69 2,755,360 5.35
Inter Pipeline Fund 134,594 28.89 3,888,421 7.55
Keyera Corp. 105,041 42.44 4,457,940 8.65
Manitoba 99,213 27.76 2,754,153 5.34
Northland Power Inc. 166,967 15.84 2,644,757 5.13
Pembina Pipelines Corporation 98,701 40.62 4,009,235 7.78
Rogers Communications Inc. Cl. B 64,729 44.67 2,891,444 5.61
TELUS Corporation 88,789 43.62 3,872,976 7.52
TransAlta Corporation 214,265 9.67 2,071,943 4.02
TransCanada Corporation 65,687 51.00 3,350,037 6.50
Veresen Inc. 233,589 16.99 3,968,677 7.70
Other Net Assets     -8,785,254 -17.05
Total     51,533,620 100.00

Units Outstanding 1,998,910
NAV per unit $25.78