NAV & Portfolio as of August 27, 2015


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 85,272 34.84 2,970,876 6.21
BCE Inc. 67,926 53.57 3,638,796 7.61
Canadian Utilities Limited (A) 11,201 36.17 405,140 0.85
Canadian Utilities Limited (B) 67,535 35.75 2,414,376 5.05
Capital Power 144,217 20.34 2,933,374 6.13
Emera Inc. 87,121 46.37 4,039,801 8.45
Enbridge Inc. 67,946 53.02 3,602,497 7.53
Fortis Inc. 91,734 37.59 3,448,281 7.21
Gibson Energy Inc. 121,435 18.67 2,267,191 4.74
Inter Pipeline Fund 134,594 26.94 3,625,962 7.58
Keyera Corp. 105,041 39.49 4,148,069 8.67
Manitoba 99,213 28.11 2,788,877 5.83
Northland Power Inc. 166,967 16.56 2,764,974 5.78
Pembina Pipelines Corporation 98,701 35.60 3,513,756 7.35
Rogers Communications Inc. Cl. B 64,729 45.39 2,938,049 6.14
TELUS Corporation 88,789 43.32 3,846,339 8.04
TransAlta Corporation 214,265 7.00 1,499,855 3.14
TransCanada Corporation 65,687 45.16 2,966,425 6.20
Veresen Inc. 233,589 12.63 2,950,229 6.17
Other Net Assets     -8,929,978 -18.67
Total     47,832,890 100.00

Units Outstanding 1,998,910
NAV per unit $23.93