Series S-1 Income Fund
TSX : SRC.UN

Series S-1 Income Fund

May 29, 2006 13:00 ET

Series S-1 Income Fund: Summary of Investment Portfolio as at March 31, 2006

CALGARY, ALBERTA--(CCNMatthews - May 29, 2006) - Series S-1 Income Fund (TSX:SRC.UN):



SUMMARY OF INVESTMENT PORTFOLIO
As at March 31, 2006 (unaudited)

Net Assets: $389,473,652

Portfolio by Sector % of Net Assets
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Ongoing Business Trusts 22.93%
Power Generation Investments 22.85%
Oil & Gas Royalty Trusts 18.36%
Pipeline / Energy Investments 14.26%
Real Estate Investment Trusts 13.43%
Series S-1 units (repurchased for cancellation) 0.07%
Cash and Term Deposits 7.42%
Other Assets, net of liabilities 0.68%
------------------------------------------------------------------------
Total Net Assets 100.00%
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Top 25 Holdings

Harvest Energy Trust 4.36%
TransAlta Power L.P. 4.27%
Countryside Power Income Fund 4.08%
Keyera Facilities Income Fund 3.98%
Inter Pipeline Fund 3.96%
Fort Chicago Partners L.P. 3.85%
Dundee Reit 3.62%
Algonquin Power Income Fund 3.47%
Yellow Pages Income Fund 3.42%
Canetic Resources Trust 3.42%
Retirement Residences Reit 3.41%
Boralex Power Income Fund 3.09%
Noranda Income Fund 2.73%
Superior Plus Income Fund 2.46%
NAL Oil & Gas Trust 2.41%
Baytex Energy Trust 2.34%
Consumers' Water Heater Income Fund 2.31%
Espirit Energy Trust 2.30%
Epcor Power L.P. 2.25%
Atlantic Power Corporation 1.97%
InnVest Reit 1.96%
Royal LePage Franchise Facilities Fund 1.71%
Arctic Glacier Income Fund 1.68%
Custom Direct Income Fund 1.66%
Amtelecom Income Fund 1.65%


The summary of investment portfolio may change due to ongoing portfolio transactions. Quarterly updates of the investment portfolio are available at www.citadelfunds.com.

Contact Information

  • Series S-1 Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com