ROYAL BANK OF CANADA

ROYAL BANK PLAZA, TORONTO, , M5J2J5, (212) 858-7116

Report Date: 03/31/2012

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Company	Class	Value of Shares ($1,000s)	Change in Value	Change (%)	Shares Held
MANULIFE FINL CORP	COM	1,521,455,133	36,751,039	2.48	138,818,899
BANK NOVA SCOTIA HALIFAX	COM	4,727,430,445	386,911,885	8.91	93,649,573
TORONTO DOMINION BK ONT	COM NEW	6,026,181,047	56,333,089	.94	78,506,788
ENBRIDGE INC	COM	2,729,833,377	4,619,781	.17	68,365,474
ROYAL BK CDA MONTREAL QUE	COM	3,364,121,866	(142,708,875)	(4.07)	65,044,893
SUNCOR ENERGY INC NEW	COM	1,621,408,159	15,583,816	.97	58,135,825
TRANSCANADA CORP	COM	2,370,826,493	32,474,131	1.39	57,726,479
BCE INC	COM NEW	2,078,726,473	158,873,647	8.28	52,020,182
BANK MONTREAL QUE	COM	2,826,682,750	(3,989,988)	(0.14)	51,581,802
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	1,533,716,100	(153,165,007)	(9.08)	48,953,594
CANADIAN NAT RES LTD	COM	1,436,533,989	17,023,529	1.20	46,746,957
SHAW COMMUNICATIONS INC	CL B CONV	839,803,323	(115,921,667)	(12.13)	44,270,075
ENCANA CORP	COM	899,083,228	189,652,472	26.73	43,666,014
THOMSON REUTERS CORP	COM	1,218,944,497	(100,057,791)	(7.59)	43,179,047
SUN LIFE FINL INC	COM	809,568,803	19,368,949	2.45	39,109,604
CENOVUS ENERGY INC	COM	1,139,829,012	(550,373)	(0.05)	36,139,157
CDN IMPERIAL BK OF COMMERCE	COM	2,375,151,323	(115,912,768)	(4.65)	34,322,996
BROOKFIELD OFFICE PPTYS INC	COM	584,622,200	(1,548,658)	(0.26)	34,148,493
ROGERS COMMUNICATIONS INC	CL B	1,203,743,235	55,670,996	4.85	34,061,778
POTASH CORP SASK INC	COM	1,281,816,193	106,718,778	9.08	32,641,105