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Canadian Banks
Bank of Montreal
Bank of Montreal (BMO) offers a broad range of credit and non-credit
products and services directly and through special-purpose Canadian and
non-Canadian subsidiaries, offices and branches. As of October 31, 2002,
the Company maintained 968 bank branches in Canada and operated internationally
in major financial markets and trading areas in 12 other countries, including
the United States. The Harris Bank group (Harris Bankcorp, Inc.), wholly
owned by BMO, operates its own banking business in the United States.
Harris Bankcorp provides retail banking and private client and personal
trust services, as well as corporate and investment banking. The Company
also provides a full range of investment dealer services through the BMO
Nesbitt Burns group of companies.
[back to Holdings]
The Bank of Nova Scotia
The Bank of Nova Scotia (Scotiabank) provides retail, commercial, corporate,
investment and international banking services to millions of customers
around the globe. The Company has branches and offices in approximately
50 countries. Scotiabank's core businesses include Domestic Banking, Wealth
Management, Scotia Capital and International Banking. Domestic Banking
provides a broad range of banking products and services to households
and businesses across Canada. The Wealth Management Group offers a comprehensive
range of products and services, such as retail brokerage, mutual funds
and private client services. Scotia Capital manages the Bank's global
relationships with large corporate, institutional and government clients,
marketing the capabilities of the Scotiabank Group to these clients. International
Banking provides retail, commercial, corporate and trade finance services
to clients around the world through branches, agencies, representative
offices, subsidiaries and affiliates.
[back to Holdings]
Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a diversified financial
institution formed through the amalgamation of The Canadian Bank of Commerce
and Imperial Bank of Canada in 1961. CIBC's four business lines are CIBC
Retail Markets, CIBC Wealth Management, CIBC World Markets and Amicus.
CIBC Retail Markets provides financial services and lending, credit cards,
mortgages, deposit, insurance and investment products to retail and small
business customers through CIBC branches, an automated banking machine
network, the Internet and telephone banking. CIBC Wealth Management provides
relationship-based advisory sales, services and products. CIBC World Markets
provides integrated investment and corporate banking solutions to clients
throughout North America, with niche capabilities in the United Kingdom
and Asia. Amicus provides co-branded electronic retail banking services.
[back to Holdings]
Royal Bank of Canada
Royal Bank of Canada is a Canadian banking company operating under the
RBC Financial Group brand through five business segments: RBC Banking,
RBC Insurance, RBC Investments, RBC Capital Markets and RBC Global Services.
RBC Banking delivers services such as deposit accounts, investments, mutual
funds, financial planning, credit and debit cards, loans and residential
and commercial mortgages. RBC Insurance provides creditor, life, health,
travel, home, auto and reinsurance products and services. RBC Investments
provides full-service and self-directed brokerage, financial planning,
investment counseling, personal trust, private banking and investment
management products and services. RBC Capital Markets provides wholesale
financial services to large corporate, government and institutional clients.
RBC Global Services offers specialized transaction processing services
to business, commercial, corporate and institutional clients in domestic
and select international markets.
[back to Holdings]
The Toronto-Dominion Bank
The Toronto-Dominion Bank (TD Bank) is a Canadian bank with operations
and activities that are organized around three business segments: TD Canada
Trust, TD Securities and TD Wealth Management. TD Canada Trust provides
financial services to consumers and small and medium-sized businesses.
TD Securities provides services in the areas of investment banking, merchant
banking, mergers and acquisitions, fixed income, foreign exchange, derivative
products, high yield, money market, equities and corporate banking. TD
Wealth Management provides investment management services to institutional
and retail investors, as well as global self-directed brokerage services.
[back to Holdings]
National Bank of Canada
National Bank of Canada is chartered under the Bank Act of Canada. The
bank offers retail, commercial, corporate, international and treasury
banking services through its branches and offices in Canada and around
the world. National Bank Financial, a subsidiary of the bank, is an investment
dealer. National Bank Trust, also a subsidiary, provides trust and asset
management services.
[back to Holdings]
Canadian Financials
Manulife Financial Corporation
Manulife Financial Corporation is a life insurance company and the holding
company of The Manufacturers Life Insurance Company, a Canadian life insurance
company. The Company and its subsidiaries provide a range of financial
products and services, including individual life insurance, group life
and health insurance, pension products, annuities and mutual funds, to
individual and group customers in Canada, the United States and Asia.
It also offers reinsurance services, primarily life and accident reinsurance,
and provides investment management services with respect to its general
fund assets, segregated fund assets and mutual funds, and, in Canada and
Asia, to institutional customers. Manulife's business segments include
U.S., Canadian, Asian, Japan and reinsurance divisions. Effective January
1, 2002, Japan was established as its own division and was no longer included
in the results of the Asian division.
[back to Holdings]
Sun Life Financial Inc.
Sun Life Financial Inc. (SLF), formerly known as Sun Life Financial Services
of Canada Inc., is an internationally diversified financial services organization
providing savings, retirement and pension products, as well as life and
health insurance to individuals and groups through its operations in Canada,
the United States, the United Kingdom and Asia. The Company also operates
mutual fund, investment management and trust businesses, primarily in
Canada, the United States and Asia. The operations are divided into six
business segments primarily based on geographic location: Sun Life Financial
Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Massachusetts
Financial Services Company (MFS), Sun Life Financial United Kingdom (SLF
U.K.), Sun Life Financial Asia (SLF Asia) and Other Operations.
[back to Holdings]
Great West Lifeco Inc.
Great West Lifeco Inc. is a financial services holding company with interests
in the life insurance, health insurance, investment and retirement savings,
and reinsurance businesses. The Company serves the financial security
needs of people in Canada and the United States.
[back to Holdings]
CI Financial Inc.
CI Fund Management Inc., through its wholly-owned subsidiary
CI Mutual Funds Inc., promotes and manages mutual funds and other investment
products.'
[back to Holdings]
U.S. Issuers
Bank of America Corporation
Bank of America Corporation is a bank holding company and a financial
holding company that provides a diversified range of banking and non-banking
financial services and products. The Company operates in four segments:
consumer and commercial banking, asset management, global corporate and
investment banking and equity investments. Operations are conducted primarily
throughout the mid-Atlantic (Maryland, Virginia and the District of Columbia),
the midwest (Illinois, Iowa, Kansas and Missouri), the southeast (Florida,
Georgia, North Carolina, South Carolina and Tennessee), the southwest
(Arizona, Arkansas, New Mexico, Oklahoma and Texas), the northwest (Oregon
and Washington) and the west (California, Idaho and Nevada) regions of
the United States and in selected international markets.
[back to Holdings]
Citigroup Inc.
Citigroup Inc. is a diversified global financial services holding
company whose businesses provide a broad range of financial services to
consumer and corporate customers with some 200 million customer accounts
in over 100 countries and territories. The Company's activities are conducted
through the Global Consumer, Global Corporate and Investment Bank (GCIB),
Private Client Services, Global Investment Management (GIM) and Proprietary
Investment Activities business segments. In August 2002, Citigroup completed
the spin-off of Travelers Property. In November 2002, the Company acquired
Golden State Bancorp, the parent of California Federal Bank, which had
352 branches in California and Nevada.
[back to Holdings]
J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co. (JPMorgan Chase) is a financial holding company
incorporated in 1968. As of December 31, 2002, JPMorgan Chase had $759
billion in assets and $42 billion in stockholders' equity. On December
31, 2000, J.P. Morgan & Co. Incorporated merged with and into The
Chase Manhattan Corporation. Upon completion of the merger, Chase changed
its name to J.P. Morgan Chase & Co. The Company's activities are internally
organized into five major business segments: Investment Bank, Treasury
& Securities Services, Investment Management & Private Banking,
JPMorgan Partners and Chase Financial Services.
[back to Holdings]
Merrill Lynch & Co, Inc.
Merrill Lynch & Co., Inc. is a holding company that, through
its subsidiaries and affiliates, provides broker-dealer, investment
banking, financing, wealth management, advisory, asset management,
insurance, lending and related products and services on a global basis.
Merrill Lynch provides these products and services to an array of
clients, including individual investors, small businesses, corporations,
financial institutions, governments and government agencies. The
Company's business activities are grouped into three business segments,
Global Markets and Investment Banking group (GMI), Global Private Client
(GPC), and Merrill Lynch Investment Managers (MLIM), and are conducted
through numerous United States and non-United States subsidiaries and
affiliates. In November 2004, the Company acquired the energy trading
businesses of Entergy-Koch, LP, a venture of Entergy Corporation and
Koch Energy, Inc., a subsidiary of privately owned Koch Industries, Inc.
[back to Holdings]
Wells Fargo & Company
Wells Fargo & Company is a diversified financial services
company engaged in banking and a variety of related financial services
businesses. Retail, commercial and corporate banking services are provided
through bank subsidiaries located in Alaska, Arizona, California, Colorado,
Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska,
Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah,
Washington, Wisconsin and Wyoming. Other financial services are provided
by subsidiaries engaged in various businesses, principally wholesale banking,
mortgage banking, consumer finance, equipment leasing, agricultural finance,
commercial finance, securities brokerage and investment banking, insurance
agency services, computer and data processing services, trust services,
mortgage-backed securities servicing and venture capital investment. The
Company has three operating segments: Community Banking, Wholesale Banking
and Wells Fargo Financial.
[back to Holdings]
Shares held within the Portfolio are expected to range
between 4-8% in weight but may vary from time to time.
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