Global Advantaged Telecom & Utilities Income Fund Top 10 Holdings as of April 30, 2012
Security	% of    Portfolio
Manitoba Telecom Services Inc. Telecom Corporation of New Zealand Limited Bell Aliant, Inc. Telstra Corporation Limited AT&T Inc. Telefonica SA  Verizon Communications Inc. RWE AG CenturyLink, Inc. Vivendi Universal SA	5.7 5.5 4.8 4.4 3.9 3.7 3.7 3.5 3.3 3.1