INSTRUMENT	ISSUER	INT_RATE	DATE_BGT	DATE_SOLD	BOUGHT	SOLD	BANK	CODEBOND	12/31/2007	3/31/2008
ACCRUAL	BMO	4.65	05-Mar-2007	01-Mar-2014	3,000,000.00	4,124,700.00	BMO	M	91	273,000,000.00		34779.45
ACCRUAL	BMO	5.11	02-May-2007	02-May-2008	4,000,000.00	4,204,400.00	BMO	M	91	364,000,000.00		50960
BA	HONGKONG	4.80	16-Aug-2007	11-Feb-2008	6,839,000.00	7,000,000.00	HK	M	42	287,238,000.00		37773.76
BDN	TD	4.80	19-Sep-2007	20-Mar-2008	2,929,500.00	3,000,000.00	TD	M	80	234,360,000.00		30819.95
BDN	TD	4.65	23-Nov-2007	28-Mar-2008	12,794,600.00	13,000,000.00	TD	M	88	1,125,924,800.00		143439.7
BA	TD	4.50	04-Dec-2007	04-Feb-2008	8,931,690.00	9,000,000.00	TD	M	35	312,609,150.00		38540.85
BA	TD	4.53	14-Dec-2007	21-Jan-2008	19,906,200.00	20,000,000.00	TD	M	21	418,030,200.00		51881.56
BDN	HONGKONG	4.80	18-Dec-2007	18-Mar-2008	14,822,550.00	15,000,000.00	HK	M	78	1,156,158,900.00		152042.8
BDN	HONGKONG	4.76	18-Dec-2007	16-Jun-2008	6,838,580.00	7,000,000.00	HK	M	91	622,310,780.00		81156.15
BA	TD	3.87	20-Feb-2008	24-Mar-2008	9,965,100.00	10,000,000.00	TD	M	33	328,848,300.00		34866.93
BA	CIBC	3.83	26-Feb-2008	31-Mar-2008	9,964,500.00	10,000,000.00	TD	M	34	338,793,000.00		35550.06
TERM ON	TD	3.50	25-Mar-2008	31-Mar-2008	20,000,000.00	20,011,506.85	TD	M	6	120,000,000.00		11506.85
BA	HONGKONG	3.90	11-Feb-2008	09-Apr-2008	9,938,400.00	10,000,000.00	HK	M	49	486,981,600.00		52033.65
BA	RBC	3.90	05-Feb-2008	10-Apr-2008	11,917,200.00	12,000,000.00	TD	M	55	655,446,000.00		70033.96
BA	TD	4.18	15-Jan-2008	16-Apr-2008	6,926,990.00	7,000,000.00	TD	M	76	526,451,240.00		60289.48
T-BILLS	BC	2.38	11-Mar-2008	16-Apr-2008	1,995,320.00	2,000,000.00	TD	M	20	39,906,400.00		2602.116
T-BILLS	BC	3.23	15-Feb-2008	17-Apr-2008	3,978,160.00	4,000,000.00	TD	M	45	179,017,200.00		15841.8
BA	TD	3.50	19-Mar-2008	18-Apr-2008	7,977,040.00	8,000,000.00	TD	M	12	95,724,480.00		9179.06
BA	TD	3.50	20-Mar-2008	22-Apr-2008	14,952,750.00	15,000,000.00	TD	M	11	164,480,250.00		15772.08
BA	BNS	4.05	21-Jan-2008	23-Apr-2008	17,816,220.00	18,000,000.00	TD	M	70	1,247,135,400.00		138380.8
BA	HONGKONG	3.85	11-Feb-2008	07-May-2008	3,964,040.00	4,000,000.00	HK	M	49	194,237,960.00		20488.11
BA	RBC	3.83	19-Feb-2008	14-May-2008	4,955,800.00	5,000,000.00	TD	M	41	203,187,800.00		21320.8
BA	BMO	3.83	21-Feb-2008	20-May-2008	10,778,856.44	10,879,491.74	TD	M	39	420,375,401.16		44110.62
BA	CIBC	3.55	04-Mar-2008	03-Jun-2008	10,903,530.00	11,000,000.00	TD	M	27	294,395,310.00		28632.97
CD	MANULIFE	3.73	20-Feb-2008	30-Jun-2008	10,000,000.00	10,133,871.23	CAN	M	40	400,000,000.00		40876.71
BDN	HONGKONG	3.54	18-Mar-2008	30-Jun-2008	19,800,200.00	20,000,000.00	HK	M	13	257,402,600.00		24964.53
BA	RBC	3.45	20-Mar-2008	30-Jun-2008	21,789,900.00	22,000,000.00	TD	M	11	239,688,900.00		22655.53
BOND	MANITOBA	3.73	25-Mar-2008	25-Mar-2009	3,000,000.00	3,000,000.00	WG	M	6	18,000,000.00		1839.452
										120,919,820.56		1272340	0.0423
BOND 2015	BMO	4.24	03-Jan-2007	03-Jan-2008	2,000,000.00	2,000,000.00	BMO	B	3	6,000,000.00		697.6438
BOND	CHT	4.26	29-Mar-2006	07-Jan-2008	1,984,980.00	2,000,000.00	WG	B	7	13,894,860.00		1622.844
BOND	ONT	4.78	18-Sep-2007	07-Jan-2008	1,491,750.00	1,500,000.00	WG	B	7	10,442,250.00		1366.361
BOND	FARM CREDIT	4.14	24-Jul-2007	24-Jan-2008	1,000,000.00	1,000,000.00	WG	B	24	24,000,000.00		2722.849
BOND 2012	CHT	4.31	06-Apr-2006	25-Jan-2008	2,913,900.00	3,000,000.00	BMO	B	25	72,847,500.00		8601.992
BOND 2012	BNS	4.35	25-Jan-2007	25-Jan-2008	1,000,000.00	1,000,000.00	WG	B	25	25,000,000.00		2976.712
BOND	ONT	4.24	13-Apr-2007	31-Jan-2008	994,500.00	1,000,000.00	WG	B	31	30,829,500.00		3584.668
BOND	BNS	4.40	22-Feb-2007	22-Feb-2008	1,500,000.00	1,500,000.00	WG	B	53	79,500,000.00		9577.027
BOND	BNS	4.35	24-Feb-2007	24-Feb-2008	1,000,000.00	1,000,000.00	BMO	B	55	55,000,000.00		6548.767
BOND	GOV CAN	3.89	22-Feb-2008	07-Mar-2008	4,046,000.00	4,000,000.00	RBC	B	14	56,644,000.00		6033.75
BOND 2009	RBC	4.35	14-Mar-2007	14-Mar-2008	1,000,000.00	1,000,000.00	WG	B	74	74,000,000.00		8811.068
BOND 2012	BMO	5.06	27-Sep-2007	27-Mar-2008	2,000,000.00	2,000,000.00	BMO	B	87	174,000,000.00		24135.95
BOND	ACFA	4.40	10-Apr-2007	10-Apr-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10839.45
BOND 2011	BMO	4.55	01-Jun-2007	01-Jun-2008	2,000,000.00	2,000,000.00	BMO	B	90	180,000,000.00		22443.29
BOND	BMO	4.55	14-Jun-2007	14-Jun-2008	3,000,000.00	3,000,000.00	BMO	B	90	270,000,000.00		33664.93
BOND 2011	BNS	4.76	15-Jun-2007	15-Jun-2008	3,400,000.00	3,400,000.00	WG	B	90	306,000,000.00		39863.84
BOND 2015	FARM CREDIT	4.45	16-Jun-2007	16-Jun-2008	5,000,000.00	5,000,000.00	BMO	B	90	450,000,000.00		54838.36
BOND	FARM CREDIT	4.60	28-Jun-2007	28-Jun-2008	3,000,000.00	3,000,000.00	WG	B	90	270,000,000.00		34042.19
BOND	BMO	4.81	25-Jul-2007	25-Jul-2008	1,000,000.00	1,000,000.00	BMO	B	90	90,000,000.00		11850.41
BOND	CIBC	5.11	25-Jul-2007	25-Jul-2008	3,000,000.00	3,000,000.00	BMO	B	90	270,000,000.00		37829.59
BOND 2015	BNS	5.06	13-Aug-2007	13-Aug-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		12484.11
BOND 2011	RBC	4.14	24-Aug-2007	24-Aug-2008	5,000,000.00	5,000,000.00	WG	B	90	450,000,000.00		51053.42
BOND 2013	CIBC	5.06	28-Aug-2007	28-Aug-2008	1,500,000.00	1,500,000.00	WG	B	90	135,000,000.00		18726.16
BOND	BMO	4.70	10-Sep-2007	10-Sep-2008	2,000,000.00	2,000,000.00	BMO	B	90	180,000,000.00		23197.81
BOND	BMO	4.55	25-Sep-2007	25-Sep-2008	4,000,000.00	4,000,000.00	BMO	B	90	360,000,000.00		44876.71
BOND	MANITOBA	4.14	01-Oct-2007	01-Oct-2008	3,000,000.00	3,000,000.00	WG	B	90	270,000,000.00		30632.05
BOND 2013	MANITOBA	4.76	01-Oct-2007	01-Oct-2008	1,500,000.00	1,500,000.00	WG	B	90	135,000,000.00		17586.99
BOND 2013	ACFA	5.06	22-Oct-2007	22-Oct-2008	3,990,000.00	4,000,000.00	BMO	B	90	359,100,000.00		49811.6
BOND	BMO	4.50	27-Oct-2007	27-Oct-2008	2,000,000.00	2,000,000.00	BMO	B	90	180,000,000.00		22191.78
BOND	ACFA	4.40	30-Oct-2007	30-Oct-2008	2,000,000.00	2,000,000.00	WG	B	90	180,000,000.00		21683.84
BOND	ONT	3.84	04-Nov-2007	04-Nov-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		9458.63
BOND	ONT	4.53	17-Nov-2003	19-Nov-2008	996,500.00	1,000,000.00	CAN	B	90	89,685,000.00		11128.31
BOND 2013	ONT	4.57	17-Nov-2003	19-Nov-2008	497,295.00	500,000.00	CAN	B	90	44,756,550.00		5607.444
BOND	ACFA	4.65	20-Nov-2007	20-Nov-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		11473.15
BOND	ONT	4.19	22-Nov-2006	22-Nov-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10338.9
BOND 2013	ONT	3.22	15-Jun-2005	01-Dec-2008	3,244,932.00	3,000,000.00	MER	B	90	292,043,880.00		25731.87
BOND	FARM CREDIT	4.35	01-Dec-2007	01-Dec-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10716.16
BOND	MANITOBA	4.14	01-Dec-2007	01-Dec-2008	2,000,000.00	2,000,000.00	BMO	B	90	180,000,000.00		20421.37
BOND 2013	FARM CREDIT	4.14	05-Dec-2007	05-Dec-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10213.15
BOND	FARM CREDIT	4.14	05-Dec-2007	05-Dec-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10213.15
BOND	BNS	4.35	10-Dec-2007	10-Dec-2008	2,000,000.00	2,000,000.00	WG	B	90	180,000,000.00		21432.33
	RBC	4.19	16-Dec-2007	16-Dec-2008	1,500,000.00	1,500,000.00	WG	B	90	135,000,000.00		15508.36
	FARM CREDIT	4.24	20-Dec-2007	20-Dec-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10464.66
	FARM CREDIT	4.24	20-Dec-2007	20-Dec-2008	1,000,000.00	1,000,000.00	CAN	B	90	90,000,000.00		10464.66
	MANITOBA	4.24	31-Dec-2007	31-Dec-2008	1,000,000.00	1,000,000.00	WG	B	90	90,000,000.00		10464.66
	GOV CAN	4.20	10-Jul-2003	01-Jun-2009	2,138,920.00	2,000,000.00	RBC	B	90	192,502,800.00		22156.28
	LONDON	4.58	19-Sep-2003	19-Sep-2009	498,830.00	500,000.00	WG	B	90	44,894,700.00		5633.362
	TORONTO	4.59	25-Sep-2003	25-Sep-2009	499,100.00	500,000.00	WG	B	90	44,919,000.00		5643.795
	TORONTO	4.59	25-Sep-2003	25-Sep-2009	499,100.00	500,000.00	MER	B	90	44,919,000.00		5643.795
BOND	TORONTO	4.80	25-Sep-2003	25-Sep-2010	499,900.00	500,000.00	WG	B	90	44,991,000.00		5917.857
BOND	HALTON	4.68	13-Feb-2004	12-Feb-2012	989,018.00	991,000.00	WG	B	90	89,011,620.00		11422.75
	CHT	3.61	17-Mar-2004	15-Mar-2009	998,780.00	1,000,000.00	WG	B	90	89,890,200.00		8888.047
	CIBC	4.38	26-Mar-2004	26-Mar-2009	10,365,000.00	10,000,000.00	RBC	B	90	932,850,000.00		111865.3
BOND	BCMFA	5.03	22-Apr-2004	22-Apr-2013	998,900.00	1,000,000.00	CAN	B	90	89,901,000.00		12381.71
	ONT	4.19	03-May-2004	19-May-2009	2,980,260.00	3,000,000.00	RBC	B	90	268,223,400.00		30783.23
	CMHC	4.20	20-Sep-2004	15-Sep-2009	1,020,270.00	1,000,000.00	WG	B	90	91,824,300.00		10566.08
BOND	ON	5.05	08-Oct-2004	08-Mar-2014	1,000,830.00	1,000,000.00	CAN	B	90	90,074,700.00		12462.39
BOND	CIBC	4.84	14-Mar-2005	22-Dec-2014	1,994,880.00	2,000,000.00	WG	B	90	179,539,200.00		23802.47
BOND	YORK	4.21	25-May-2005	25-May-2011	997,900.00	1,000,000.00	WG	B	90	89,811,000.00		10354.1
BOND	ONT	4.28	22-Jul-2005	08-Mar-2015	1,021,050.00	1,000,000.00	WG	B	90	91,894,500.00		10765.5
	CHT	3.63	27-Sep-2005	15-Sep-2010	998,910.00	1,000,000.00	WG	B	90	89,901,900.00		8940.929
BOND	YORK	4.04	27-Sep-2005	27-Sep-2013	1,986,000.00	2,000,000.00	WG	B	90	178,740,000.00		19783.82
BOND	ONT	4.32	24-Oct-2005	08-Mar-2015	3,052,200.00	3,000,000.00	RBC	B	90	274,698,000.00		32497.15
	CHT	4.04	09-Dec-2005	15-Sep-2010	1,964,800.00	2,000,000.00	BMO	B	90	176,832,000.00		19572.64
BOND	CHT	4.02	18-Jan-2006	15-Sep-2010	2,945,340.00	3,000,000.00	BMO	B	90	265,080,600.00		29202.44
	CHT	4.30	24-Apr-2006	15-Mar-2009	2,947,500.00	3,000,000.00	BMO	B	90	265,275,000.00		31251.58
BOND	ONT	4.47	26-Apr-2007	08-Mar-2017	1,485,315.00	1,500,000.00	WG	B	90	133,678,350.00		16378.34
BOND	YORK REGION	4.66	30-May-2007	30-May-2017	1,999,200.00	2,000,000.00	WG	B	90	179,928,000.00		22971.63
BOND	FARM CREDIT	5.10	23-Aug-2007	20-Apr-2012	2,091,390.00	2,165,000.00	WG	B	90	188,225,100.00		26320.57
BOND	RBC	5.26	10-Oct-2007	04-Nov-2018	3,039,990.00	3,000,000.00	BMO	B	90	273,599,100.00		39405.77
BOND	ONT	4.90	15-Oct-2007	02-Dec-2012	1,978,600.00	2,000,000.00	WG	B	90	178,074,000.00		23900.95
BOND	TD	5.15	28-Nov-2007	03-Jun-2013	5,143,750.00	5,000,000.00	BMO	B	90	462,937,500.00		65318.58
	BMO	4.30	03-Jan-2008	03-Jan-2009	2,000,000.00	2,000,000.00	BMO	B	88	176,000,000.00		20710.14
	FARM CREDIT	4.14	24-Jan-2008	24-Jan-2009	1,000,000.00	1,000,000.00	WG	B	67	67,000,000.00		7601.288
	BNS	4.40	25-Jan-2008	25-Jan-2009	1,000,000.00	1,000,000.00	WG	B	66	66,000,000.00		7956.164
	ACFA	4.09	28-Jan-2008	28-Jan-2009	3,000,000.00	3,000,000.00	WG	B	63	189,000,000.00		21183.53
	ONT	4.35	31-Jan-2008	31-Jan-2009	1,000,000.00	1,000,000.00	WG	B	60	60,000,000.00		7144.11
BOND	CIBC	4.90	15-Feb-2008	10-Sep-2012	4,025,560.00	4,000,000.00	BMO	B	45	181,150,200.00		24318.79
BOND	YORK REGION	4.39	07-Mar-2008	30-May-2017	1,529,250.00	1,500,000.00	WG	B	24	36,702,000.00		4411.279
BOND	CIBC	4.40	11-Mar-2008	01-Nov-2011	3,999,520.00	4,000,000.00	BMO	B	20	79,990,400.00		9642.678
	RBC	4.35	14-Mar-2008	14-Mar-2009	1,000,000.00	1,000,000.00	WG	B	17	17,000,000.00		2024.164
										262,982,507		4081436
									Less Reserves	-          125,890,013		-1357369
									Less Varley	-             1,498,239		-15918
									Powerstream	305,204		17946
									PY Adj			50000
									Plus Cash	6,925,086		104504
									142,824,545		2880598.703