Cymbria Corp.

Top Holdings As at December 31, 2011
                          
Company Portfolio (%)
1.   Wells Fargo & Co. 6.63%
2.   Ryanair Holdings PLC, ADR 6.13%
3.   WellPoint Inc. 6.12%
4.   The Progressive Corp. 5.83%
5.   International Game Technology 5.82%
6.   Altera Corp. 4.99%
7.   International Rectifier Corp. 4.57%
8.   Western Union Co. 3.76%
9.   Cisco Systems Inc. 3.71%
10. EdgePoint Wealth Management Inc. 3.70%
       % of Portfolio 51.27%