STATE STREET GLOBAL ADVISORS MULTI-ACCESS FUNDS. Financial Statements as at December 31, 2014

Transcription

1 STATE STREET GLOBAL ADVISORS MULTI-ACCESS FUNDS Financial Statements as at 2014

2 March 23, 2015 Independent Auditor s Report To the Unitholders of SSgA MA Canadian Equity Index Plus Fund SSgA MA Canadian Long Term Bond Index Fund SSgA MA S&P/TSX Capped Composite Index Fund SSgA MA Canadian Universe Bond Index Fund SSgA MA Canadian Managed Volatility Fund SSgA MA Canadian Dividend Tilted Fund SSgA MA Global Managed Volatility Fund (collectively the Funds ) We have audited the accompanying financial statements of each of the Funds, which comprise the statements of financial position as at 2014, and January 1, or the date of inception for Funds with inception dates after January 1, as indicated in the statements of financial position of each of the Funds and the statements of comprehensive income, changes in net assets attributable to holders of redeemable units and cash flows for the years or periods ended 2014 and, as indicated in the statements of comprehensive income of each of the Funds, and the related notes, which comprise a summary of significant accounting policies and other explanatory information. Management s responsibility for the financial statements The Funds Manager and Trustee are responsible for the preparation and fair presentation of the financial statements of each of the Funds in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s responsibility Our responsibility is to express an opinion on the financial statements of each of the Funds based on our audits. We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l René-Lévesque Boulevard West, Suite 2800, Montréal, Quebec, Canada H3B 2G4 T: , F: , PwC refers to PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l., an Ontario limited liability partnership.

3 An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Manager, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained in each of our audits is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements of each of the Funds present fairly, in all material respects, the financial position of each of the Funds as at 2014, and January 1, or the date of inception for Funds with inception dates after January 1, as indicated in the statements of financial position of each of the Funds and the financial performance and cash flows of each of the Funds for the years or periods ended 2014 and as indicated in the statements of comprehensive income of each of the Funds in accordance with International Financial Reporting Standards. 1 CPA auditor, CA, public accountancy permit No. A (2)

4 SSgA MA Canadian Equity Index Plus Fund Statements of financial position Assets As at 2014 As at As at January 1, Current assets Investments* 125,129, ,295, ,366,499 Cash 1,174,025 1,555, ,197 Receivable for investments sold ,042 Dividends receivable 316, , ,451 Total assets 126,619, ,401, ,582,189 Liabilities Current liabilities Payable for units redeemed 467, ,453 - Accrued expenses 2,258 13,483 8,330 Total liabilities 470, ,936 8,330 Net assets attributable to holders of redeemable units 126,149, ,896, ,573,859 Number of redeemable units outstanding 11,172,984 16,851,087 10,895,783 Net assets attributable to holders of redeemable units per unit * Investments at cost 107,184, ,341, ,784,542 Approved by the Trustee, State Street Trust Company Canada Robert Baillie, President and CEO Stephen Baker, Vice President

5 SSgA MA Canadian Equity Index Plus Fund Statements of comprehensive income For the years ended 2014 Investment income Dividends 4,271,925 5,435,866 Interest for distribution purposes 65, ,365 Other changes in fair of investments and derivatives Net realized gain (loss) 22,436,725 (214,661) Net change in unrealized appreciation (depreciation) (7,008,952) 20,371,552 Total income (loss) 19,765,618 25,770,122 Expenses Audit fees 27,064 23,382 Custodial fees 40,650 48,854 Regulatory fees 1, Transaction costs 168, ,429 Total expenses 237, ,868 Increase (decrease) in net assets attributable to holders of redeemable units 19,528,527 25,547,254 Increase (decrease) in net assets attributable to holders of redeemable units per unit for the year

6 SSgA MA Canadian Equity Index Plus Fund Statements of changes in net assets attributable to holders of redeemable units For the years ended 2014 Increase (decrease) in net assets attributable to holders of redeemable units 19,528,527 25,547,254 Distributions to holders of redeemable units From net investment income (4,490,002) (5,365,526) From capital gains (21,114,379) - Total distributions to holders of redeemable units (25,604,381) (5,365,526) Redeemable unit transactions Proceeds from redeemable units issued 10,603,853 77,575,383 Reinvestment of distributions to holders of redeemable units 25,604,381 5,365,526 Redemption of redeemable units (118,879,115) (12,800,148) Increase (decrease) from redeemable unit transactions (82,670,881) 70,140,761 Net increase (decrease) in net assets attributable to holders of redeemable units (88,746,735) 90,322,489 Net assets attributable to holders of redeemable units Beginning of year 214,896, ,573,859 Net assets attributable to holders of redeemable units End of year 126,149, ,896,348 Number of redeemable units outstanding Beginning of year 16,851,087 10,895,783 Issued 767,318 6,589,477 Reinvested 2,208, ,182 Redeemed (8,654,370) (1,087,355) Number of redeemable units outstanding End of year 11,172,984 16,851,087

7 SSgA MA Canadian Equity Index Plus Fund Statements of cash flows For the years ended 2014 Cash flows from (used in) operating activities Increase (decrease) in net assets attributable to holders of redeemable units 19,528,527 25,547,254 Adjustments for: Net realized (gain) loss on investments (22,371,197) 252,185 Net change in unrealized (appreciation) depreciation on investments and derivatives 7,009,284 (20,372,183) Proceeds from sale of investments 187,222, ,163,623 Purchases of investments (83,694,861) (176,912,362) Dividends receivable 234,589 (188,336) Accrued expenses (11,225) 5,153 Net cash from (used in) operating activities 107,917,770 (64,504,666) Cash flows from (used in) financing activities Proceeds from redeemable units issued 10,603,853 77,575,383 Redemption of redeemable units (118,902,817) (12,308,695) Net cash from (used in) financing activities (108,298,964) 65,266,688 Net increase (decrease) in cash during the year (381,194) 762,022 Cash Beginning of year 1,555, ,197 Cash End of year 1,174,025 1,555,219 Interest received* 65, ,365 Dividends received, net of foreign withholding taxes* 4,506,514 5,247,530 * Included as part of cash flows from operating activities

8 SSgA MA Canadian Equity Index Plus Fund Schedule of investment portfolio As at 2014 (showing percentage of total fair of investments) Number of shares Description Average cost Fair Common stock 100.0% 29,977 Agnico-Eagle Mines Limited 1,047, ,935 4,297 Agrium Inc. 424, ,670 11,835 Aimia Inc. 225, ,909 83,515 Air Canada 843, , ,303 Alacer Gold Corporation 512, ,986 48,680 Algonquin Power & Utilities Corp. 436, ,275 44,395 Alimentation Couche-Tard Inc. Cl. B Sub. Voting 1,173,615 2,161,593 42,991 ARC Resources Ltd. 1,289,190 1,081,654 49,641 Artis Real Estate Investment Trust 769, ,909 19,351 Avigilon Corporation 351, ,152 48,389 Bank of Montreal 2,923,682 3,976,608 73,871 Bank of Nova Scotia (The) 4,220,173 4,898, ,595 Bankers Petroleum Ltd. 491, , ,201 Barrick Gold Corporation 3,390,227 1,517,437 47,564 BCE Inc. 2,006,301 2,534,210 20,224 BlackBerry Limited 207, ,654 9,356 Boardwalk Real Estate Investment Trust 555, ,768 12,141 Bombardier Inc. Cl. B 47,237 50,385 27,010 Brookfield Asset Management Inc. Cl. A Limited Voting 984,504 1,572,522 7,051 Canaccord Financial Inc. 72,195 55,068 18,863 Canadian Apartment Properties Real Estate Investment Trust 483, ,027 33,075 Canadian Imperial Bank of Commerce 2,625,171 3,302,208 63,499 Canadian National Railway Company 3,247,941 5,081,190 89,808 Canadian Natural Resources Ltd. 2,935,754 3,225,903 9,482 Canadian Pacific Railway Limited 1,106,064 2,121,597 9,199 Canadian Tire Corporation, Limited Cl. A 1,008,834 1,129,085 14,698 Canadian Utilities Limited Cl. A 520, ,295 29,163 Canfor Corporation 494, ,391 9,243 Capital Power Corp. 223, ,318 13,256 Catamaran Corporation 635, ,951 2,311 CCL Industries Inc. Cl. B 103, ,886 39,543 Cenovus Energy Inc. 1,294, ,846 33,700 CGI Group Inc. Cl. A Sub. Voting 1,164,212 1,492,573 11,584 CI Financial Corporation 306, ,047 11,567 Cogeco Cable Inc. 696, ,660 32,475 Cominar Real Estate Investment Trust 608, ,360 3,026 Corus Entertainment Inc. Cl. B Non-Voting 73,363 69,447 4,175 Cott Corporation 33,290 33,442 12,882 Crescent Point Energy Corp. 546, ,655 3,187 Dollarama Inc. 163, ,308 43,205 Dominion Diamond Corporation 628, ,688 26,014 Eldorado Gold Corporation 169, ,179 1,864 Element Financial Corporation 24,640 26,357 26,496 Emera Inc. 901,074 1,023,805 7,504 Empire Company Limited Cl. A 597, ,500 49,260 Enbridge Inc. 2,065,331 2,942,792 23,119 Enbridge Income Fund Holding Inc. 696, ,852 78,794 EnCana Corporation 1,681,704 1,274,099 35,272 Enerflex Ltd. 449, ,108 26,472 Enerplus Corp. 431, , Fairfax Financial Holdings Limited, Sub. Voting 109, ,846 16,918 Finning International Inc. 475, ,841 13,022 First Quantum Minerals Ltd. 258, ,993 12,040 FirstService Corporation Sub. Voting 632, ,731 2,027 Fortis Inc. 77,857 78,972 20,438 Franco-Nevada Corporation 951,725 1,169,258 6,520 George Weston Limited 535, ,282 28,808 Gibson Energy Inc. 912, ,290

9 SSgA MA Canadian Equity Index Plus Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Number of shares Description Average cost Fair Common stock... continued 29,734 Goldcorp Inc. 1,135, ,578 92,051 Gran Tierra Energy, Inc. 724, ,547 36,273 Great-West Lifeco Inc. 907,278 1,218,410 45,958 H&R Real Estate Investment Trust 947, ,667 15,724 Home Capital Group Inc. 441, ,595 38,589 Husky Energy Inc. 1,197,888 1,061,197 26,222 Imperial Oil Ltd. 1,366,597 1,312,411 7,123 Innergex Renewable Energy Inc. 78,917 80,917 1,085 Intact Financial Corporation 83,442 90,977 5,386 Inter Pipeline Ltd. 186, ,573 78,800 ishares S&P/TSX 60 Index Fund 1,676,727 1,691,836 10,440 Keyera Corp. 969, , ,400 Kinross Gold Corp. 1,151, ,184 14,758 Laurentian Bank of Canada 739, ,457 3,915 Linamar Corporation 134, ,769 4,935 Loblaw Companies Limited 249, ,809 56,935 Lundin Mining Corporation 311, ,668 2,379 MacDonald, Dettwiler and Associates Ltd. 203, ,886 19,785 Magna International Inc. 1,002,641 2,490, Manitoba Telecom Services Inc. 22,430 20, ,810 Manulife Financial Corporation 1,810,133 2,635,206 2,631 Maple Leaf Foods Inc. 51,115 51,226 15,428 Methanex Corporation 767, ,392 8,852 Metro Inc. 648, ,892 34,362 National Bank of Canada 1,360,062 1,698,857 87,983 Nevsun Resources Ltd. 333, , ,854 OceanaGold Corporation 617, ,565 18,031 Open Text Corporation 645,774 1,219,076 73,495 Parex Resources Inc. 882, ,092 25,183 Pason Systems Inc. 391, ,256 7,393 Pembina Pipeline Corporation 265, ,020 38,195 Penn West Petroleum Ltd. 398,721 92,814 54,722 Potash Corporation of Saskatchewan Inc. 2,325,611 2,247,433 25,384 Power Corporation of Canada 669, ,196 32,583 Power Financial Corporation 995,737 1,178,853 26,869 Quebecor Inc. Cl. B 754, ,196 84,130 Raging River Exploration Inc. 721, ,514 6,781 Restaurant Brands International Inc. 283, ,536 25,492 RMP Energy Inc. 167, ,753 11,309 Rogers Communications, Inc. Cl. B 484, ,828 93,687 Royal Bank of Canada 5,621,232 7,517,445 8,622 Russel Metals Inc. 270, , Saputo Inc. 24,022 26,749 5,593 Shaw Communications Inc. Cl. B Non-Voting 151, ,341 14,499 ShawCor Ltd. 866, ,758 2,265 Silver Wheaton Corp. 60,902 53,522 23,206 Stantec Inc. 534, ,968 57,024 Sun Life Financial Inc. 1,553,620 2,390, ,857 Suncor Energy, Inc. 3,742,420 4,238,223 49,332 Teck Resources Ltd. Cl. B Sub-Voting 1,470, ,392 56,169 TELUS Corporation 1,859,580 2,352,919 8,787 Thomson Reuters Corporation 326, ,847 1,182 TMX Group Ltd. 66,796 59, ,353 Toronto-Dominion Bank (The) 4,737,014 6,347,735 44,108 TransCanada Corporation 2,019,761 2,518,567 44,323 Transcontinental Inc. Cl. A 573, ,989 13,292 TransForce, Inc. 328, ,310 21,483 Valeant Pharmaceuticals International, Inc. 1,366,167 3,573,267

10 SSgA MA Canadian Equity Index Plus Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Number of shares Description Average cost Fair Common stock... continued 14,961 Vermilion Energy, Inc. 958, ,777 6,235 West Fraser Timber Co. Ltd. 251, ,440 8,678 WestJet Airlines Ltd. 249, ,498 8,445 WSP Global Inc. 261, , ,244, ,129,399 Adjustment for transaction costs (59,671) - Total investments 100.0% 107,184, ,129,399

11 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and Investment strategy As indicated in the Fund Declaration, the Fund acquires common stock or other securities representing an equity interest or share in publicly traded companies principally domiciled or organized in Canada. The Fund also acquires, from time to time, high-quality short-term debt securities issued or guaranteed by Canadian governments or agencies thereof or issued by Canadian chartered banks, loan and trust companies or Canadian corporations, and with remaining maturities of one year or less. These may include call deposits, time deposits, asset-backed securities and repurchase agreements. Fair hierarchy The following tables illustrate the classification of the Fund s financial assets and financial liabilities measured at fair within the fair hierarchy as at 2014, and January 1, : As at 2014 Level 1 Level 2 Level 3 Total Equities 125,129, ,129,399 As at Level 1 Level 2 Level 3 Total Equities 213,295, ,295,278 As at January 1, Level 1 Level 2 Level 3 Total Equities 123,366, ,366,499 Currency risk As at 2014, and January 1,, the majority of the Fund s financial assets and financial liabilities are denominated in Canadian dollars. As a result, the Fund is not significantly exposed to currency risk. Interest rate risk As at 2014, and January 1,, the majority of the Fund s financial assets and financial liabilities are non-interest bearing. As a result, the Fund is not subject to significant amounts of risk due to fluctuations in the prevailing levels of market interest rates.

12 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and Price risk The most significant exposure to price risk arises from the Fund s investment in equity securities. As at 2014, had the prices of the securities on the Fund s benchmark increased or decreased by 10%, with all other variables held constant using a predicted tracking method, net assets attributable to holders of redeemable units would have increased or decreased by approximately 13,789,000 or 11,237,000 ( 23,420,000 or 19,239,000 and January 1, 13,570,000 or 11,103,000). In practice, actual trading results may differ from this sensitivity analysis, and the difference could be significant. Credit risk As at 2014, and January 1,, the Fund had no significant investments in either debt securities or derivative financial instruments. As a result, the Fund is not significantly exposed to credit risk. Liquidity risk As at 2014, and January 1,, the majority of the Fund s financial assets and financial liabilities are considered realizable and highly liquid. As a result, the Fund is not significantly exposed to liquidity risk. Concentration risk The following is a summary of the Fund s concentration risk as a percentage of investments: Sector 2014 % % January 1, % Consumer discretionary Consumer staples Energy Financials Health care Industrials Information technology Materials Telecommunication services Utilities

13 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and Financial instruments by category The following table presents the carrying amounts of the Fund s financial assets by category as at All of the Fund s financial liabilities as at 2014 were carried at amortized cost. HFT Financial assets at FVTPL designated at inception Total Financial assets at amortized cost Total Assets Non-derivative financial assets - 125,129, ,129, ,129,399 Cash ,174,025 1,174,025 Dividends receivable , ,198 Total - 125,129, ,129,399 1,490, ,619,622 The following table presents the carrying amounts of the Fund s financial assets by category as at. All of the Fund s financial liabilities as at were carried at amortized cost. HFT Financial assets at FVTPL designated at inception Total Financial assets at amortized cost Total Assets Non-derivative financial assets - 213,295, ,295, ,295,278 Cash ,555,219 1,555,219 Dividends receivable , ,787 Total - 213,295, ,295,278 2,106, ,401,284

14 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and The following table presents the carrying amounts of the Fund s financial assets by category as at January 1,. All of the Fund s financial liabilities as at January 1, were carried at amortized cost. HFT Financial assets at FVTPL designated at inception Total Financial assets at amortized cost Total Assets Non-derivative financial assets - 123,366, ,366, ,366,499 Cash , ,197 Receivable for investments sold ,042 60,042 Dividends receivable , ,451 Total - 123,366, ,366,499 1,215, ,582,189 The following table presents the net realized gain (loss) and net change in unrealized appreciation (depreciation) on financial instruments at FVTPL by category for the years ended 2014 and. Net realized gain (loss) Net change in unrealized appreciation (depreciation) Category Financial instruments at FVTPL HFT 190 (740) - - Designated at inception 22,436,535 (213,921) (7,008,952) 20,371,552 Total 22,436,725 (214,661) (7,008,952) 20,371,552 Increase (decrease) in net assets attributable to holders of redeemable units per unit The increase (decrease) in net assets attributable to holders of redeemable units per unit for the years ended 2014 and is calculated as follows: 2014 Increase (decrease) in net assets attributable to holders of redeemable units 19,528,527 25,547,254 Average units outstanding during the year 12,307,939 15,645,779 Increase (decrease) in net assets attributable to holders of redeemable units per unit

15 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and Transition to IFRS The effect of the Fund s transition to IFRS is summarized in this note as follows: Transition elections The only voluntary exemption adopted by the Fund upon transition was the ability to designate a financial asset or financial liability at FVTPL upon transition to IFRS. All financial assets designated at FVTPL upon transition were previously carried at fair under Canadian GAAP as required by Accounting Guideline 18, Investment Companies. Statement of cash flows Under Canadian GAAP, the Fund was exempt from providing a statement of cash flows. IAS 1 requires that a complete set of financial statements include a statement of cash flows for the current and comparative periods, without exception. Reconciliation of equity and comprehensive income as previously reported under Canadian GAAP to IFRS January 1, Equity Equity as reported under Canadian GAAP 214,689, ,335,601 Revaluation of investments at FVTPL 207, ,258 Net assets attributable to holders of redeemable units 214,896, ,573,859 Comprehensive income For the year ended Comprehensive income as reported under Canadian GAAP 25,578,427 Revaluation of investments at FVTPL (31,173) Increase (decrease) in net assets attributable to holders of redeemable units 25,547,254

16 Notes to financial statements of SSgA MA Canadian Equity Index Plus Fund 2014 and Classification of redeemable units issued by the Fund Under Canadian GAAP, the Fund accounted for its redeemable units as equity. Under IFRS, IAS 32 requires that units or shares of an entity which include a contractual obligation for the issuer to repurchase or redeem them for cash or another financial asset be classified as financial liability. The Fund s units do not meet the criteria in IAS 32 for classification as equity and therefore, have been reclassified as financial liabilities on transition to IFRS. Revaluation of investments at FVTPL Under Canadian GAAP, the Fund measured the fair s of its portfolio investments in accordance with Section 3855, Financial Instruments Recognition and Measurement, which required the use of bid prices for long positions and ask prices for short positions, to the extent such prices are available. Under IFRS, the Fund measure the fair s of its portfolio investments using the guidance in IFRS 13, Fair Value Measurement, which requires that if an asset or a liability has a bid price and an ask price, then its fair is to be based on a price within the bid-ask spread that is most representative of fair. It also allows the use of mid-market pricing or other pricing conventions that are used by market participants as a practical expedient for fair measurements within a bid-ask spread.

17 SSgA MA Canadian Long Term Bond Index Fund Statements of financial position Assets As at 2014 As at As at January 1, Current assets Investments* 451,545, ,087, ,283,186 Cash 97,698 58,056 94,017 Receivable for investments sold ,067 Interest receivable 2,696,808 2,721,402 2,187,682 Total assets 454,340, ,866, ,766,952 Liabilities Current liabilities Payable for units redeemed 184, , ,167 Payable for investments purchased ,128 Accrued expenses 14,606 37,676 42,262 Total liabilities 199, , ,557 Net assets attributable to holders of redeemable units 454,141, ,666, ,325,395 Number of redeemable units outstanding 38,945,035 39,121,576 31,369,335 Net assets attributable to holders of redeemable units per unit * Investments at cost 421,083, ,956, ,955,837 Approved by the Trustee, State Street Trust Company Canada Robert Baillie, President and CEO Stephen Baker, Vice President

18 SSgA MA Canadian Long Term Bond Index Fund Statements of comprehensive income For the years ended 2014 Investment income Interest for distribution purposes 18,745,523 17,818,901 Other changes in fair of investments and derivatives Net realized gain (loss) 3,774,661 (10,378,406) Net change in unrealized appreciation (depreciation) 48,332,098 (35,196,819) Total income (loss) 70,852,282 (27,756,324) Expenses Audit fees 27,064 23,382 Custodial fees 100,857 92,021 Regulatory fees Total expenses 128, ,570 Increase (decrease) in net assets attributable to holders of redeemable units 70,723,701 (27,871,894) Increase (decrease) in net assets attributable to holders of redeemable units per unit for the year 1.74 (0.72)

19 SSgA MA Canadian Long Term Bond Index Fund Statements of changes in net assets attributable to holders of redeemable units For the years ended 2014 Increase (decrease) in net assets attributable to holders of redeemable units 70,723,701 (27,871,894) Distributions to holders of redeemable units From net investment income (18,582,699) (17,708,242) Redeemable unit transactions Proceeds from redeemable units issued 127,798, ,237,184 Reinvestment of distributions to holders of redeemable units 18,582,699 17,708,242 Redemption of redeemable units (149,047,656) (125,023,825) Increase (decrease) from redeemable unit transactions (2,666,434) 89,921,601 Net increase (decrease) in net assets attributable to holders of redeemable units 49,474,568 44,341,465 Net assets attributable to holders of redeemable units Beginning of year 404,666, ,325,395 Net assets attributable to holders of redeemable units End of year 454,141, ,666,860 Number of redeemable units outstanding Beginning of year 39,121,576 31,369,335 Issued 11,575,671 18,006,550 Reinvested 1,666,731 1,659,175 Redeemed (13,418,943) (11,913,484) Number of redeemable units outstanding End of year 38,945,035 39,121,576

20 SSgA MA Canadian Long Term Bond Index Fund Statements of cash flows For the years ended 2014 Cash flows from (used in) operating activities Increase (decrease) in net assets attributable to holders of redeemable units 70,723,701 (27,871,894) Adjustments for: Amortization income - (348) Net realized (gain) loss on investments (3,774,661) 10,378,406 Net change in unrealized (appreciation) depreciation on investments and derivatives (48,332,091) 35,196,824 Proceeds from sale of investments 715,106, ,295,936 Purchases of investments (712,458,082) (1,037,736,934) Interest receivable 24,594 (533,720) Accrued expenses (23,070) (4,586) Net cash from (used in) operating activities 21,266,480 (72,276,316) Cash flows from (used in) financing activities Proceeds from redeemable units issued 127,798, ,237,184 Redemption of redeemable units (149,025,361) (124,996,829) Net cash from (used in) financing activities (21,226,838) 72,240,355 Net increase (decrease) in cash during the year 39,642 (35,961) Cash Beginning of year 58,056 94,017 Cash End of year 97,698 58,056 Interest received* 18,770,117 17,284,833 * Included as part of cash flows from operating activities

21 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate 24.0% Corporate bonds 23.6% 102, East Development Group General Partnership 4.47 June 23, , , , International Inc Sept. 11, , , , International Inc Apr. 25, , , , International Inc Nov. 15, , , , International Inc Oct. 7, , , , International Inc Feb. 14, , , , International Inc Dec. 3, , , , International Inc July 27, , , , International Inc July 27, , , ,378 Access Recherche Montreal LP 7.07 Dec. 31, , , ,000 Aeroports de Montreal 3.92 Sept. 26, , , ,000 Aeroports de Montreal 5.17 Sept. 17, , , ,000 Aeroports de Montreal 5.47 Apr. 16, , , ,000 Aeroports de Montreal 5.67 Oct. 16, , , ,000 Aeroports de Montreal 6.55 Oct. 11, , ,731 24,117 Aeroports de Montreal 6.61 Oct. 11, ,711 30, ,655 Aeroports de Montreal 6.95 Apr. 16, , , ,000 AGT Limited 8.80 Sept. 22, , ,182 99,531 Alliance Pipeline LP 6.77 Dec. 31, , , ,163 Alliance Pipeline LP 7.22 Dec. 31, , , ,000 AltaGas Ltd Jan. 15, , , ,000 AltaGas Ltd Aug. 15, , , ,000 AltaGas Ltd Jan. 13, , , ,000 AltaLink, LP 3.99 June 30, , , ,000 AltaLink, LP 4.05 Nov. 21, , , ,000 AltaLink, LP 4.27 June 6, , , ,000 AltaLink, LP 4.45 July 11, , , ,000 AltaLink, LP 4.46 Nov. 8, , , ,000 AltaLink, LP 4.87 Nov. 15, , , ,000 AltaLink, LP 4.92 Sept. 17, , , ,000 AltaLink, LP 5.25 Sept. 22, , , ,000 AltaLink, LP 5.38 Mar. 26, , , ,000 Arrow Lakes Power 5.52 Apr. 5, , , ,000 Asian Development Bank 4.65 Feb. 16, , , ,000 Bank of Montreal 4.61 Sept. 10, , ,350 87,000 Bank of Nova Scotia (The) 8.90 June 20, , , ,000 Bell Canada 4.75 Sept. 29, , , ,000 Bell Canada 6.10 Mar. 16, , , ,000 Bell Canada 6.17 Feb. 26, , , ,000 Bell Canada 6.55 May 1, , , ,000 Bell Canada 7.00 Sept. 24, , , ,000 Bell Canada 7.30 Feb. 23, , , ,000 Bell Canada 7.85 Apr. 2, , , ,000 British Columbia Ferry Services Inc Apr. 28, , , ,000 British Columbia Ferry Services Inc Oct. 23, , , ,000 British Columbia Ferry Services Inc Mar. 20, , , ,000 British Columbia Ferry Services Inc Jan. 11, , , ,000 British Columbia Ferry Services Inc Oct. 13, , , ,762 Broadcast Centre Trust 7.53 May 1, , , ,000 Brookfield Asset Management Inc Jan. 28, , , ,000 Brookfield Asset Management Inc June 14, , , ,000 BRP Finance ULC 5.84 Nov. 5, , , ,000 Cameco Corporation 5.09 Nov. 14, , ,090 86,000 Canada Life Assurance Company (The) 6.40 Dec. 11, , ,854 44,000 Canada Life Capital Trust 7.53 June 30, ,371 60,660

22 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate bonds... continued 470,000 Canadian Pacific Railway Company 6.45 Nov. 17, , , ,897 Canadian Pacific Railway Company 6.91 Oct. 1, , , ,000 Canadian Tire Corporation, Limited 5.61 Sept. 4, , ,722 63,000 Canadian Tire Corporation, Limited 6.25 Apr. 13, ,493 76, ,000 Canadian Tire Corporation, Limited 6.32 Feb. 24, , , ,000 Capital City Link General Partnership 4.39 Mar. 31, , ,415 19,823 CBC Monetization Trust 4.69 May 15, ,876 22, ,000 CIBC Capital Trust June 30, , ,768 81,000 Clarica Life Insurance Co May 15, , , ,449 Comber Wind Financial Corp Nov. 15, , ,659 35,590 CSS FSCC Partnership 6.92 July 31, ,286 47, ,000 CU Inc Sept. 10, , , ,000 CU Inc Sept. 11, , , ,000 CU Inc Nov. 14, , ,715 1,026,000 CU Inc Sept. 2, ,027,598 1,081, ,000 CU Inc Oct. 24, , , ,000 CU Inc Nov. 7, , ,384 60,000 CU Inc Oct. 24, ,000 69, ,000 CU Inc Sept. 9, , , ,000 CU Inc Nov. 18, , , ,000 CU Inc Nov. 20, , , ,000 CU Inc Nov. 21, , ,646 60,000 CU Inc May 26, ,819 73, ,000 CU Inc Oct. 30, , , ,000 CU Inc May 26, , , ,000 CU Inc Nov. 20, , , ,000 CU Inc Mar. 7, , ,838 43,527 Edmonton Regional Airports Authority 7.21 Nov. 1, ,520 57, ,000 Enbridge Gas Distribution Inc Aug. 22, , , ,000 Enbridge Gas Distribution Inc Nov. 23, , , ,000 Enbridge Gas Distribution Inc Nov. 22, , , ,000 Enbridge Gas Distribution Inc Feb. 25, , ,033 79,000 Enbridge Gas Distribution Inc May 19, , ,502 75,000 Enbridge Gas Distribution Inc Dec. 16, ,241 98, ,000 Enbridge Gas Distribution Inc Nov. 3, , ,418 38,000 Enbridge Gas Distribution Inc Nov. 15, ,742 53,643 14,000 Enbridge Gas Distribution Inc Oct. 29, ,824 19, ,000 Enbridge Inc Aug. 27, , , ,000 Enbridge Inc Mar. 28, , , ,000 Enbridge Inc Mar. 11, , ,789 70,000 Enbridge Inc Sept. 28, ,852 74, ,000 Enbridge Inc Nov. 14, , , ,000 Enbridge Inc Sept. 2, , ,499 83,000 Enbridge Inc July 14, ,765 99, ,000 Enbridge Inc June 18, , , ,000 Enbridge Inc July 24, , , ,000 Enbridge Income Fund 4.87 Nov. 21, , , ,000 Enbridge Pipelines Inc Aug. 17, , , ,000 Enbridge Pipelines Inc Dec. 19, , , ,000 Enbridge Pipelines Inc Apr. 6, , , ,000 Enbridge Pipelines Inc Nov. 10, , ,166 9,000 Enbridge Pipelines Inc Feb. 12, ,972 11, ,000 Enersource Corporation 5.30 Apr. 29, , , ,000 EPCOR Utilities Inc Feb. 28, , , ,000 EPCOR Utilities Inc Nov. 16, , , ,000 EPCOR Utilities Inc Nov. 24, , , ,000 EPCOR Utilities Inc Apr. 15, , ,666 92,000 EPCOR Utilities Inc June 28, , ,325

23 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate bonds... continued 210,000 Finning International Inc June 13, , , ,000 First Capital Realty Inc July 31, , , ,000 Fortis Inc July 4, , , ,000 FortisAlberta Inc Oct. 23, , ,560 62,000 FortisAlberta Inc Sept. 29, ,989 65, ,000 FortisAlberta Inc Oct. 18, , , ,000 FortisAlberta Inc Oct. 27, , , ,000 FortisAlberta Inc Sept. 11, , ,400 70,000 FortisAlberta Inc Jan. 3, ,375 85, ,000 FortisAlberta Inc Oct. 30, , , ,000 FortisAlberta Inc Apr. 21, , , ,000 FortisAlberta Inc Apr. 15, , , ,000 FortisAlberta Inc Oct. 31, , , ,000 FortisAlberta Inc Feb. 14, , ,003 33,000 FortisBC Energy (Vancouver Island) Inc Dec. 6, ,991 40, ,000 FortisBC Energy (Vancouver Island) Inc Feb. 15, , , ,000 FortisBC Energy Inc Dec. 9, , ,349 75,000 FortisBC Energy Inc Sept. 25, ,455 94, ,000 FortisBC Energy Inc May 13, , , ,000 FortisBC Energy Inc Feb. 26, , ,848 45,000 FortisBC Energy Inc Oct. 2, ,867 60, ,000 FortisBC Energy Inc May 1, , , ,000 FortisBC Energy Inc Feb. 24, , ,779 61,000 FortisBC Energy Inc Sept. 21, ,755 84, ,000 FortisBC Inc Oct. 28, , ,424 75,000 FortisBC Inc Nov. 24, ,949 91, ,000 FortisBC Inc Nov. 9, , ,246 45,000 FortisBC Inc July 4, ,840 61, ,000 FortisBC Inc June 2, , ,205 55,000 Gaz Metro Inc July 10, ,838 70,549 41,000 Gaz Metro Inc Oct. 31, ,838 55, ,000 Gaz Metro Inc Oct. 30, , ,144 7,000 Gaz Metro Inc Nov. 19, ,549 9, ,000 Gaz Metro Inc May 16, , ,033 1,471,000 GE Capital Canada Funding Company 5.73 Oct. 22, ,713,358 1,897, ,000 George Weston Limited 6.69 Mar. 1, , , ,000 George Weston Limited 7.10 Feb. 5, , , ,000 GrandLinq GP 4.77 Mar. 31, , , ,000 Greater Toronto Airports Authority 5.30 Feb. 25, , , ,000 Greater Toronto Airports Authority 5.30 Feb. 25, , , ,000 Greater Toronto Airports Authority 5.63 June 7, , , ,000 Greater Toronto Airports Authority 6.45 Dec. 3, , , ,274 Greater Toronto Airports Authority 6.45 July 30, , , ,000 Greater Toronto Airports Authority 6.47 Feb. 2, , , ,000 Greater Toronto Airports Authority 6.98 Oct. 15, , , ,000 Greater Toronto Airports Authority 7.05 June 12, ,031,268 1,112, ,000 Greater Toronto Airports Authority 7.10 June 4, , , ,000 Great-West Lifeco Inc Nov. 16, , , ,000 Great-West Lifeco Inc Mar. 21, , , ,000 Great-West Lifeco Inc Nov. 24, , ,683 77,000 Halifax International Airport Authority 4.89 Nov. 15, ,529 92, ,000 Halifax International Airport Authority 5.50 July 19, , ,005 1,705,000 Health Montreal Collective LP 6.72 Sept. 30, ,072,954 2,254, ,000 Hospital Infrastructure 5.44 Jan. 31, , ,143

24 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate bonds... continued 205,000 IGM Financial Inc Dec. 10, , , ,000 IGM Financial Inc Dec. 13, , ,271 93,000 IGM Financial Inc Dec. 31, , , ,000 IGM Financial Inc Mar. 7, , , ,000 IGM Financial Inc May 9, , , ,000 Inpower B.C. General Partnership 4.47 Mar. 31, , , ,000 Intact Financial Corporation 5.16 June 16, , , ,000 Intact Financial Corporation 6.40 Nov. 23, , , ,000 Integrated Team Solutions PCH Partnership 4.88 May 31, , , ,000 Integrated Team Solutions SJHC Partnership 5.95 Nov. 30, , , ,000 Inter Pipeline Ltd May 30, , ,965 1,019,000 Inter-American Development Bank 4.40 Jan. 26, ,126,015 1,173, ,000 Labrador-Island Link Funding Trust 3.76 June 1, , ,530 1,079,000 Labrador-Island Link Funding Trust 3.85 Dec. 1, ,096,987 1,322, ,000 Labrador-Island Link Funding Trust 3.86 Dec. 1, , , ,000 Loblaw Companies Limited 5.90 Jan. 18, , , ,000 Loblaw Companies Limited 6.05 June 9, , , ,000 Loblaw Companies Limited 6.15 Jan. 29, , ,828 79,000 Loblaw Companies Limited 6.45 Feb. 9, ,060 96, ,000 Loblaw Companies Limited 6.45 Mar. 1, , , ,000 Loblaw Companies Limited 6.50 Jan. 22, , , ,000 Loblaw Companies Limited 6.54 Feb. 17, , ,248 87,000 Loblaw Companies Limited 6.65 Nov. 8, , , ,000 Loblaw Companies Limited 6.85 Mar. 1, , , ,000 Lower Mattagami Energy LP 4.18 Feb. 23, , , ,000 Lower Mattagami Energy LP 4.18 Apr. 23, , , ,000 Lower Mattagami Energy LP 4.94 Sept. 21, , , ,000 Lower Mattagami Energy LP 5.14 May 18, , , ,000 Manulife Finance Delaware LP 5.06 Dec. 15, , ,556 1,365,000 Maritime Link Financing Trust 3.50 Dec. 1, ,366,312 1,484,909 24,773 Mars Development Trust 6.40 Feb. 4, ,510 32, ,000 Metro Inc Dec. 1, , , ,000 Metro Inc Oct. 15, , , ,000 Muskrat Falls and Labrador Transmission Assets Funding 3.63 June 1, , , ,000 Muskrat Falls and Labrador Transmission Assets Funding 3.83 June 1, , ,151 1,295,000 Muskrat Falls and Labrador Transmission Assets Funding 3.86 Dec. 1, ,333,690 1,571, ,000 NAV CANADA 7.40 June 1, , ,720 81,250 NAV CANADA 7.56 Mar. 1, , , ,636 North Battleford Power LP 4.96 Dec. 31, , , ,000 North West Redwater Partnership / NWR Financing Co. Ltd July 22, , , ,822 Northland Power Solar Finance One LP 4.40 June 30, , , ,606 Northwestconnect Group Partnership 5.95 Apr. 30, , ,580 90,000 NOVA Gas Transmission Ltd May 27, , ,967 47,000 NOVA Gas Transmission Ltd June 5, ,133 67,554 22,000 NOVA Gas Transmission Ltd May 27, ,519 32,581 19,000 NOVA Gas Transmission Ltd May 27, ,257 27,638 44,000 NOVA Gas Transmission Ltd Dec. 16, ,435 67, ,000 Nova Scotia Power Inc Mar. 6, , , ,000 Nova Scotia Power Inc July 20, , , ,000 Nova Scotia Power Inc June 15, , , ,000 Nova Scotia Power Inc Nov. 14, , , ,000 Nova Scotia Power Inc July 27, , , ,000 Nova Scotia Power Inc Aug. 25, , , ,000 Nova Scotia Power Inc May 19, , ,870

25 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate bonds... continued 167,000 OPB Finance Trust 3.89 July 4, , , ,536 Ornge Issuer Trust 5.73 June 11, , ,363 26,546 Ottawa MacDonald-Cartier International Airport Authority 6.97 May 25, ,914 34,846 4,429 Pearson International Fuel Facilities Corp Mar. 9, ,085 4, ,000 Pembina Pipeline Corporation 4.75 Apr. 30, , , ,000 Pembina Pipeline Corporation 4.81 Mar. 25, , ,207 87,056 Plenary Health Bridgepoint LP 7.25 Aug. 31, , , ,000 Plenary Health Care Partnerships Humber LP 4.82 Nov. 30, , , ,000 Plenary Health Care Partnerships Humber LP 4.90 May 31, , , ,286 Plenary Health Hamilton LP 5.80 May 31, , , ,000 Plenary Properties LTAP LP 6.29 Jan. 31, ,930 1,083, ,000 Power Corporation of Canada 8.57 Apr. 22, , , ,000 Power Financial Corporation 6.90 Mar. 11, , , ,000 PowerStream Inc July 30, , ,544 34,000 Queen s University 6.10 Nov. 19, ,098 44, ,000 Rogers Communications, Inc Aug. 25, ,212 1,012, ,000 Rogers Communications, Inc Mar. 22, , , ,000 Rogers Communications, Inc Nov. 4, , , ,000 Royal Bank of Canada 4.93 July 16, , ,413 1,375,265 Royal Office Finance LP 5.21 Nov. 12, ,558,406 1,696, ,000 Scotiabank Capital Trust 5.65 Dec. 31, , ,033 1,516,000 Shaw Communications Inc Nov. 9, ,676,597 1,881, ,000 SNC-Lavalin Innisfree McGill Finance Inc June 30, ,205,411 1,294, ,000 Sobeys Inc Oct. 6, , , ,000 Sobeys Inc Oct. 29, , , ,000 Sobeys Inc June 7, , , ,000 South Coast British Columbia Transportation Authority 3.05 June 4, , , ,000 South Coast British Columbia Transportation Authority 3.85 Feb. 9, , , ,000 South Coast British Columbia Transportation Authority 4.45 June 9, , , ,000 South Coast British Columbia Transportation Authority 4.65 June 20, , , ,000 Sun Life Capital Trust 7.09 June 30, , , ,000 Sun Life Financial Inc May 29, , , ,000 Suncor Energy, Inc Mar. 26, , ,336 43,000 TCHC Issuer Trust 4.88 May 11, ,072 50,673 88,000 TCHC Issuer Trust 5.40 Feb. 22, , , ,000 TD Capital Trust IV June 30, , , ,000 TELUS Corporation 3.75 Jan. 17, , , ,000 TELUS Corporation 4.40 Apr. 1, , , ,000 TELUS Corporation 4.75 Jan. 17, , , ,000 TELUS Corporation 4.85 Apr. 5, , , ,000 TELUS Corporation 5.15 Nov. 26, , , ,000 Teranet Holdings LP 5.75 Dec. 17, , , ,000 Teranet Holdings LP 6.10 June 17, , , ,000 THP Partnership 4.39 Oct. 31, , , ,000 Toronto Hydro Corporation 3.96 Apr. 9, , ,421 55,000 Toronto Hydro Corporation 4.08 Sept. 16, ,971 57, ,000 Toronto Hydro Corporation 5.54 May 21, , , ,000 Toronto-Dominion Bank (The) 9.15 May 26, , , ,000 TransAlta Corporation 6.90 Nov. 15, , , ,000 TransAlta Corporation 7.30 Oct. 22, , ,283

26 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Corporate bonds... continued 627,000 TransCanada PipeLines Limited 4.55 Nov. 15, , , ,000 TransCanada PipeLines Limited 6.28 May 26, , ,873 56,000 TransCanada PipeLines Limited 6.50 Dec. 9, ,291 70, ,000 TransCanada PipeLines Limited 6.89 Aug. 7, , , ,000 TransCanada PipeLines Limited 7.31 Jan. 15, , ,129 34,000 TransCanada PipeLines Limited 7.34 July 18, ,066 46, ,000 TransCanada PipeLines Limited 7.90 Apr. 15, , , ,000 TransCanada PipeLines Limited 8.05 Feb. 17, , ,136 4,000 TransCanada PipeLines Limited 8.21 Apr. 25, ,273 5,795 63,000 TransCanada PipeLines Limited 8.23 Jan. 16, ,904 91, ,000 TransCanada PipeLines Limited 8.29 Feb. 5, , , ,004 Trillium Windpower LP 5.80 Feb. 15, , ,703 41,739 UMH Energy Partnership 7.59 May 8, ,191 61, ,000 Union Gas Limited 4.20 June 2, , , ,000 Union Gas Limited 4.88 June 21, , , ,000 Union Gas Limited 5.20 July 23, , , ,000 Union Gas Limited 5.46 Sept. 11, , , ,000 Union Gas Limited 6.05 Sept. 2, , ,500 63,000 Union Gas Limited 8.65 Nov. 10, ,870 93, ,000 Vancouver International Airport Authority 7.43 Dec. 7, , , ,000 Westcoast Energy Inc Oct. 28, , , ,000 Westcoast Energy Inc Dec. 15, , , ,000 Westcoast Energy Inc Mar. 20, , ,094 99,000 Westcoast Energy Inc Dec. 18, , ,078 67,000 Westcoast Energy Inc July 21, ,354 96,922 90,000 Windsor Canada Utilities Ltd Nov. 6, ,000 90, ,427 Winnipeg Airport Authority Inc Sept. 28, , , ,449 Winnipeg Airport Authority Inc Nov. 20, , ,431 41,000 Yukon Development Corp June 29, ,441 50,242 99,054, ,948,390 Term deposit 0.4% 1,600,000 Royal Bank of Canada 0.95 Jan. 2, ,600,000 1,600,000 Government 76.0% Federal 24.2% 2,086,000 Canada Housing Trust No Mar. 15, ,086,255 2,127, ,000 Canada Post Corporation 4.08 July 16, , , ,000 Canada Post Corporation 4.36 July 16, , ,348 7,812,000 Government of Canada 2.25 June 1, ,875,352 8,067,691 2,571,000 Government of Canada 2.75 Dec. 1, ,616,185 2,814,520 2,845,000 Government of Canada 2.75 Dec. 1, ,844,802 3,202,524 12,684,000 Government of Canada 3.50 Dec. 1, ,899,686 15,923,969 14,404,000 Government of Canada 4.00 June 1, ,261,581 19,113,057 11,878,000 Government of Canada 5.00 June 1, ,528,255 17,454,114 9,346,000 Government of Canada 5.75 June 1, ,378,405 13,587,209 11,380,000 Government of Canada 5.75 June 1, ,685,368 17,408,553 3,146,000 Government of Canada 8.00 June 1, ,927,691 5,227,756 1,755,000 Government of Canada 9.00 June 1, ,861,983 2,940, ,250, ,252,230

27 SSgA MA Canadian Long Term Bond Index Fund Schedule of investment portfolio... continued As at 2014 (showing percentage of total fair of investments) Par Description Coupon rate/yield % Maturity date Average cost Fair Provincial 49.7% 370, School Board Trust (The) 5.90 June 2, , ,752 4,000 Alberta Capital Finance Authority 4.45 Dec. 15, ,023 4,673 33,000 Concordia University 6.55 Sept. 2, ,424 46,304 1,521,000 Financement-Quebec 5.25 June 1, ,791,526 1,937,120 76,000 Hospital for Sick Children 5.22 Dec. 16, ,073 94, ,000 Hydro One Inc July 31, , , ,000 Hydro One Inc Dec. 22, , , ,000 Hydro One Inc June 6, , , ,000 Hydro One Inc Sept. 26, , , ,000 Hydro One Inc Oct. 9, , , ,000 Hydro One Inc Mar. 13, , , ,000 Hydro One Inc Oct. 19, , , ,000 Hydro One Inc May 20, , , ,000 Hydro One Inc July 16, , , ,000 Hydro One Inc Mar. 3, , , ,000 Hydro One Inc Jan. 31, , , ,000 Hydro One Inc June 1, , , ,000 Hydro One Inc June 3, , , ,000 Hydro Ottawa Holding Inc May 14, , , ,000 Hydro-Quebec 4.00 Feb. 15, , ,371 1,457,000 Hydro-Quebec 5.00 Feb. 15, ,696,069 1,915,133 2,038,000 Hydro-Quebec 5.00 Feb. 15, ,484,346 2,736, ,000 Hydro-Quebec 6.00 Aug. 15, , ,608 1,275,000 Hydro-Quebec 6.00 Feb. 15, ,668,305 1,848, ,000 Hydro-Quebec 6.50 Jan. 16, , ,410 1,585,000 Hydro-Quebec 6.50 Feb. 15, ,175,434 2,328, ,000 McGill University 6.15 Sept. 22, , , ,000 McGill University Health Centre 5.36 Dec. 31, , , ,825 New Brunswick FM Project Inc Nov. 30, , , ,000 Newfoundland & Labrador Hydro 3.60 Dec. 1, , ,686 40,000 Newfoundland & Labrador Hydro 5.70 July 14, ,910 53,737 83,000 Newfoundland & Labrador Hydro 6.65 Aug. 27, , , ,000 Newfoundland & Labrador Hydro 8.40 Feb. 27, , , ,000 Ontario Electricity Financial Corporation 8.25 June 22, , , ,000 Ontario Electricity Financial Corporation 8.50 May 26, , , ,000 Ontario Electricity Financial Corporation 9.00 May 26, , , ,000 Ontario Infrastructure Projects Corp June 1, , ,534 76,552 Ontario School Boards Financing Corp Aug. 8, ,935 82,814 19,687 Ontario School Boards Financing Corp Apr. 18, ,727 22, ,017 Ontario School Boards Financing Corp June 25, , , ,377 Ontario School Boards Financing Corp Nov. 26, , , ,755 Ontario School Boards Financing Corp Nov. 7, , , ,133 Ontario School Boards Financing Corp Oct. 11, , , ,934 Ontario School Boards Financing Corp Oct. 19, , ,488 79,001 Ontario School Boards Financing Corp June 9, ,961 98,831 1,605,000 Province of Alberta 2.90 Sept. 20, ,515,490 1,610,339 2,136,000 Province of Alberta 3.45 Dec. 1, ,052,210 2,253,197 1,342,000 Province of Alberta 3.50 June 1, ,347,707 1,433,860 1,231,000 Province of Alberta 3.90 Dec. 1, ,250,656 1,379, ,000 Province of Alberta 4.50 Dec. 1, , , ,000 Province of British Columbia 2.85 June 18, , ,949 4,445,000 Province of British Columbia 3.20 June 18, ,066,631 4,489,605 3,296,000 Province of British Columbia 4.30 June 18, ,716,228 3,989,819 1,383,000 Province of British Columbia 4.70 June 18, ,562,225 1,730,872 1,838,000 Province of British Columbia 4.95 June 18, ,167,885 2,413,065