| EXHIBIT 5 - 2005 BOND MARKET INVESTMENTS (All Funds excluding DCA) | |||||||||
| BONDS THAT MATURED IN Q1 2005: | |||||||||
| COUPON | PURCHASE | MATURITY | FACE | ||||||
| ISSUER | RATE | YIELD | DATE | DATE | COST | VALUE | |||
| ONT | 4.25 | 4.57 | 31-Jan-2003 | 31-Jan-2005 | 1,990,000.00 | 2,000,000.00 | |||
| RBC | 3.50 | 3.53 | 04-Feb-2004 | 04-Feb-2005 | 2,000,000.00 | 2,000,000.00 | |||
| FARM CREDIT | 4.15 | 4.19 | 06-Aug-2004 | 06-Feb-2005 | 1,000,000.00 | 1,000,000.00 | |||
| ONT | 6.25 | 6.75 | 16-May-2000 | 08-Mar-2005 | 984,080.00 | 1,000,000.00 | |||
| ONT | 6.25 | 6.13 | 01-Nov-2000 | 08-Mar-2005 | 3,022,800.00 | 3,000,000.00 | |||
| FARM CREDIT | 4.00 | 4.04 | 18-Mar-2004 | 18-Mar-2005 | 1,000,000.00 | 1,000,000.00 | |||
| BONDS SOLD IN Q1 2005: | |||||||||
| COUPON | PURCHASE | DATE | FACE | SALE | CAPITAL | ||||
| ISSUER | RATE | YIELD | DATE | SOLD | COST | VALUE | PROCEEDS | GAIN/(LOSS) | |
| GOV CAN | 5.00 | 4.84 | 19-Apr-2004 | 07-Jan-2005 | 2,034,320.00 | 2,000,000.00 | 2,105,400.00 | 73,522.80 | |
| GOV CAN | 5.00 | 4.90 | 21-May-2004 | 18-Jan-2005 | 997,600.00 | 1,000,000.00 | 1,025,500.00 | 27,673.12 | |
| TORONTO | 4.60 | 4.40 | 12-Jan-2005 | 18-Jan-2005 | 2,098,000.00 | 2,000,000.00 | 2,108,000.00 | 10,171.58 | |
| CMHC | 5.25 | 5.95 | 28-May-2001 | 10-Feb-2005 | 2,429,500.00 | 2,500,000.00 | 2,602,375.00 | 125,454.73 | |
| 236,822.23 | |||||||||
| BOND HOLDINGS at MARCH 31, 2005: | |||||||||
| COUPON | PURCHASE | MATURITY | FACE | ||||||
| ISSUER | RATE | YIELD | DATE | DATE | COST | VALUE | |||
| ONT | 4.30 | 4.35 | 17-Apr-2003 | 17-Apr-2005 | 2,000,000.00 | 2,000,000.00 | |||
| FARM CREDIT | 4.00 | 4.04 | 05-May-2004 | 05-May-2005 | 1,500,000.00 | 1,500,000.00 | |||
| ONT | 4.15 | 4.19 | 20-May-2003 | 20-May-2005 | 1,500,000.00 | 1,500,000.00 | |||
| ONT | 4.05 | 4.09 | 02-Jun-2003 | 02-Jun-2005 | 1,500,000.00 | 1,500,000.00 | |||
| ONT | 4.63 | 4.68 | 21-Jun-2002 | 21-Jun-2005 | 500,000.00 | 500,000.00 | |||
| ONT | 4.63 | 4.68 | 24-Jun-2002 | 21-Jun-2005 | 1,500,000.00 | 1,500,000.00 | |||
| FARM CREDIT | 3.45 | 3.48 | 25-Dec-2004 | 25-Jun-2005 | 1,000,000.00 | 1,000,000.00 | |||
| FARM CREDIT | 4.00 | 4.04 | 07-Jul-2004 | 07-Jul-2005 | 1,500,000.00 | 1,500,000.00 | |||
| ONT | 3.75 | 3.79 | 18-Jul-2003 | 18-Jul-2005 | 5,000,000.00 | 5,000,000.00 | |||
| CIBC | 3.50 | 3.53 | 05-Aug-2003 | 05-Aug-2005 | 3,000,000.00 | 3,000,000.00 | |||
| RBC | 4.00 | 4.04 | 18-Aug-2004 | 18-Aug-2005 | 1,000,000.00 | 1,000,000.00 | |||
| FARM CREDIT | 4.35 | 4.39 | 22-Sep-2004 | 22-Sep-2005 | 2,000,000.00 | 2,000,000.00 | |||
| ONT | 7.25 | 5.41 | 01-Mar-2001 | 27-Sep-2005 | 3,217,200.00 | 3,000,000.00 | |||
| CMHC | 6.25 | 5.57 | 31-Jan-2001 | 01-Dec-2005 | 1,031,310.00 | 1,000,000.00 | |||
| CMHC | 6.25 | 5.57 | 31-Jan-2001 | 01-Dec-2005 | 773,482.00 | 750,000.00 | |||
| ONT | 8.25 | 5.47 | 22-Feb-2001 | 01-Dec-2005 | 1,677,672.00 | 1,500,000.00 | |||
| ONT | 4.00 | 4.04 | 01-Dec-2003 | 01-Dec-2005 | 1,000,000.00 | 1,000,000.00 | |||
| FARM CREDIT | 4.00 | 4.04 | 01-Dec-2004 | 01-Dec-2005 | 1,000,000.00 | 1,000,000.00 | |||
| BNS | 4.00 | 4.04 | 10-Dec-2004 | 10-Dec-2005 | 2,000,000.00 | 2,000,000.00 | |||
| FARM CREDIT | 4.00 | 4.04 | 24-Jan-2005 | 24-Jan-2006 | 1,000,000.00 | 1,000,000.00 | |||
| RBC | 3.60 | 3.64 | 04-Feb-2005 | 04-Feb-2006 | 2,000,000.00 | 2,000,000.00 | |||
| FARM CREDIT | 4.05 | 4.09 | 18-Mar-2005 | 18-Mar-2006 | 1,000,000.00 | 1,000,000.00 | |||
| ONT | 3.00 | 3.04 | 24-Mar-2004 | 24-Mar-2006 | 4,998,000.00 | 5,000,000.00 | |||
| ONT | 3.00 | 3.03 | 24-Mar-2004 | 24-Mar-2006 | 2,130,000.00 | 2,130,000.00 | |||
| ONT | 4.25 | 5.60 | 21-Jun-2001 | 21-Jun-2006 | 500,000.00 | 500,000.00 | |||
| ONT | 5.60 | 4.25 | 30-Sep-2002 | 21-Jun-2006 | 2,503,228.00 | 2,366,000.00 | |||
| ONT | 3.45 | 3.45 | 23-Jun-2003 | 21-Jun-2006 | 500,000.00 | 500,000.00 | |||
| ONT | 3.45 | 3.45 | 26-Jun-2003 | 21-Jun-2006 | 3,500,000.00 | 3,500,000.00 | |||
| ONT | 5.60 | 4.00 | 17-Nov-2003 | 21-Jun-2006 | 3,196,800.00 | 3,000,000.00 | |||
| ONT | 7.75 | 5.64 | 15-May-2001 | 24-Jul-2006 | 2,195,000.00 | 2,000,000.00 | |||
| ONT | 7.75 | 5.95 | 28-May-2001 | 24-Jul-2006 | 2,707,500.00 | 2,500,000.00 | |||
| YORK | 3.25 | 3.32 | 28-Oct-2004 | 28-Oct-2006 | 999,140.00 | 1,000,000.00 | |||
| WATERLOO | 3.35 | 3.42 | 29-Nov-2004 | 29-Nov-2006 | 999,230.00 | 1,000,000.00 | |||
| GOV CAN | 7.00 | 5.55 | 07-May-2001 | 01-Dec-2006 | 3,217,200.00 | 3,000,000.00 | |||
| ONT | 5.20 | 3.11 | 07-Jan-2005 | 08-Mar-2007 | 2,085,000.00 | 2,000,000.00 | |||
| GOV CAN | 7.25 | 5.24 | 31-Aug-2001 | 01-Jun-2007 | 5,511,000.00 | 5,000,000.00 | |||
| ONT | 3.75 | 3.58 | 11-Feb-2004 | 21-Jun-2007 | 2,079,000.00 | 2,000,000.00 | |||
| ONT | 4.40 | 4.57 | 17-Nov-2003 | 19-Nov-2008 | 497,295.00 | 500,000.00 | |||
| ONT | 4.40 | 4.53 | 17-Nov-2003 | 19-Nov-2008 | 996,500.00 | 1,000,000.00 | |||
| CHT | 3.55 | 3.61 | 17-Mar-2004 | 15-Mar-2009 | 998,780.00 | 1,000,000.00 | |||
| CIBC | 5.15 | 4.38 | 26-Mar-2004 | 26-Mar-2009 | 10,365,000.00 | 10,000,000.00 | |||
| ONT | 4.00 | 4.19 | 03-May-2004 | 19-May-2009 | 2,980,260.00 | 3,000,000.00 | |||
| GOV CAN | 5.50 | 4.20 | 10-Jul-2003 | 01-Jun-2009 | 2,138,920.00 | 2,000,000.00 | |||
| CMHC | 4.65 | 4.20 | 20-Sep-2004 | 15-Sep-2009 | 1,020,270.00 | 1,000,000.00 | |||
| LONDON | 4.50 | 4.58 | 19-Sep-2003 | 19-Sep-2009 | 498,830.00 | 500,000.00 | |||
| TORONTO | 4.50 | 4.59 | 25-Sep-2003 | 25-Sep-2009 | 499,100.00 | 500,000.00 | |||
| TORONTO | 4.50 | 4.59 | 25-Sep-2003 | 25-Sep-2009 | 499,100.00 | 500,000.00 | |||
| TORONTO | 4.75 | 4.80 | 25-Sep-2003 | 25-Sep-2010 | 499,900.00 | 500,000.00 | |||
| BCMFA | 4.60 | 4.66 | 22-Apr-2004 | 22-Apr-2011 | 999,400.00 | 1,000,000.00 | |||
| YORK | 5.13 | 5.21 | 05-Jul-2004 | 05-Jul-2011 | 998,800.00 | 1,000,000.00 | |||
| HALTON | 4.60 | 4.68 | 13-Feb-2004 | 12-Feb-2012 | 989,018.00 | 991,000.00 | |||
| YORK | 5.25 | 5.36 | 05-Jul-2004 | 05-Jul-2012 | 997,700.00 | 1,000,000.00 | |||
| BCMFA | 4.95 | 5.03 | 22-Apr-2004 | 22-Apr-2013 | 998,900.00 | 1,000,000.00 | |||
| GOV CAN | 5.25 | 4.32 | 31-Mar-2004 | 01-Jun-2013 | 2,146,000.00 | 2,000,000.00 | |||
| ONT | 5.00 | 5.18 | 09-Aug-2004 | 08-Mar-2014 | 991,630.00 | 1,000,000.00 | |||
| ON | 5.00 | 5.06 | 07-Oct-2004 | 08-Mar-2014 | 2,000,880.00 | 2,000,000.00 | |||
| ON | 5.00 | 5.05 | 08-Oct-2004 | 08-Mar-2014 | 1,000,830.00 | 1,000,000.00 | |||
| GOV CAN | 5.00 | 4.53 | 29-Mar-2005 | 01-Jun-14 | 2,078,200.00 | 2,000,000.00 | |||
| GOV CAN | 5.00 | 4.42 | 16-Mar-2005 | 01-Jun-2014 | 3,141,000.00 | 3,000,000.00 | |||
| ONT | 6.80 | 4.88 | 29-Mar-2005 | 02-Dec-2014 | 2,879,600.00 | 2,500,000.00 | |||
| CIBC | 4.75 | 4.84 | 14-Mar-2005 | 22-Dec-2014 | 1,994,880.00 | 2,000,000.00 | |||
| 116,031,555.00 | |||||||||