Heathbridge Capital Management Ltd. Activity Q3 2010-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
TRP	Buy	TC ENERGY CORP	$22,639,892	-0.2%	655,365	+16.8%	10.37%	+5.0%
TD	Sell	TORONTO DOMINION BK ONT	$17,514,464	-4.4%	289,375	-2.0%	8.02%	+0.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$16,176,641	-13.1%	499,125	-0.3%	7.41%	-8.6%
MSFT	Sell	MICROSOFT CORP	$13,547,254	-9.2%	42,905	-2.1%	6.20%	-4.5%
MFC	Sell	MANULIFE FINL CORP	$13,495,623	-4.8%	735,200	-2.0%	6.18%	+0.1%
AEP	Buy	AMERCIAN ELEC PWR CO INC	$13,280,091	+25.1%	176,550	+40.0%	6.08%	+31.6%
NEM	Sell	NEWMONT CORP	$13,086,027	-13.6%	354,155	-0.3%	5.99%	-9.1%
TU	Sell	TELUS CORPORATION	$12,036,505	-16.0%	733,695	-0.3%	5.51%	-11.6%
CNQ	Sell	CANADIAN NAT RES LTD	$11,556,612	+12.5%	177,875	-2.6%	5.29%	+18.4%
	Sell	HALEON PLCspon ads	$10,637,410	-0.9%	1,277,000	-0.3%	4.87%	+4.3%
	Sell	CANADIAN PACIFIC KANSAS CITY	$10,529,112	-9.5%	141,000	-2.0%	4.82%	-4.7%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$9,213,733	+7.1%	38,298	-2.2%	4.22%	+12.7%
MGA	Sell	MAGNA INTL INC	$9,187,946	-6.5%	170,675	-1.9%	4.21%	-1.6%
HBM	Sell	HUDBAY MINERALS INC	$9,169,697	+0.5%	1,875,665	-1.4%	4.20%	+5.7%
KHC	Sell	KRAFT HEINZ CO	$9,094,574	-5.4%	270,350	-0.2%	4.16%	-0.5%
RY	Buy	ROYAL BK CDA	$8,089,247	-7.5%	92,137	+0.7%	3.70%	-2.6%
OTEX	Sell	OPEN TEXT CORP	$7,050,012	-17.0%	199,950	-2.1%	3.23%	-12.7%
TXN	Sell	TEXAS INSTRS INC	$6,010,896	-13.3%	37,802	-1.8%	2.75%	-8.8%
MRNA	Sell	MODERNA INC	$3,006,772	-15.9%	29,110	-1.0%	1.38%	-11.4%
FITB	Sell	FIFTH THIRD BANCORP	$524,331	-6.5%	20,700	-3.3%	0.24%	-1.6%
ERF	Buy	ENERPLUS CORP	$412,293	+22.3%	23,323	+0.3%	0.19%	+28.6%
VRSK	Sell	VERISK ANALYTICS INC	$265,770	+0.1%	1,125	-4.3%	0.12%	+5.2%
UNP	Sell	UNION PAC CORP	$244,356	-4.5%	1,200	-4.0%	0.11%	+0.9%
DNMR	Sell	DANIMER SCIENTIFIC INC	$58,167	-35.9%	28,100	-26.2%	0.03%	-30.8%
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-525	–	-0.09%	–
GLW	Exit	CORNING INC	$0	–	-6,450	–	-0.10%	–

Q2 2023

			Value		Shares		↓ Weighting
TRP	New	TC ENERGY CORP	$22,692,026	–	561,165	–	9.88%	–
VZ	New	VERIZON COMMUNICATIONS INC	$18,612,665	–	500,475	–	8.10%	–
TD	New	TORONTO DOMINION BK ONT	$18,311,956	–	295,275	–	7.97%	–
NEM	New	NEWMONT CORP	$15,146,646	–	355,055	–	6.59%	–
MSFT	New	MICROSOFT CORP	$14,925,868	–	43,830	–	6.50%	–
TU	New	TELUS CORPORATION	$14,331,753	–	736,045	–	6.24%	–
MFC	New	MANULIFE FINL CORP	$14,182,362	–	749,900	–	6.17%	–
	New	CANADIAN PACIFIC KANSAS CITY	$11,629,381	–	143,900	–	5.06%	–
	New	HALEON PLCspon ads	$10,734,780	–	1,281,000	–	4.67%	–
AEP	New	AMERCIAN ELEC PWR CO INC	$10,617,620	–	126,100	–	4.62%	–
CNQ	New	CANADIAN NAT RES LTD	$10,270,533	–	182,575	–	4.47%	–
MGA	New	MAGNA INTL INC	$9,828,684	–	174,000	–	4.28%	–
KHC	New	KRAFT HEINZ CO	$9,618,725	–	270,950	–	4.19%	–
HBM	New	HUDBAY MINERALS INC	$9,124,476	–	1,902,465	–	3.97%	–
RY	New	ROYAL BK CDA	$8,743,640	–	91,500	–	3.80%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$8,604,339	–	39,148	–	3.74%	–
OTEX	New	OPEN TEXT CORP	$8,498,051	–	204,200	–	3.70%	–
TXN	New	TEXAS INSTRS INC	$6,931,130	–	38,502	–	3.02%	–
MRNA	New	MODERNA INC	$3,573,315	–	29,410	–	1.56%	–
TECK	New	TECK RESOURCES LTDcl b	$1,208,261	–	28,700	–	0.53%	–
FITB	New	FIFTH THIRD BANCORP	$560,894	–	21,400	–	0.24%	–
ERF	New	ENERPLUS CORP	$337,073	–	23,244	–	0.15%	–
VRSK	New	VERISK ANALYTICS INC	$265,585	–	1,175	–	0.12%	–
UNP	New	UNION PAC CORP	$255,775	–	1,250	–	0.11%	–
GLW	New	CORNING INC	$226,008	–	6,450	–	0.10%	–
MA	New	MASTERCARD INCORPORATEDcl a	$206,483	–	525	–	0.09%	–
DNN	New	DENISON MINES CORP	$200,980	–	160,300	–	0.09%	–
DNMR	New	DANIMER SCIENTIFIC INC	$90,678	–	38,100	–	0.04%	–
NGD	New	NEW GOLD INC CDA	$27,190	–	25,000	–	0.01%	–
ORGNW	New	ORIGIN MATERIALS INC*w exp 06/25/202	$12,282	–	16,600	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
ORGNW	Exit	ORIGIN MATERIALS INC*w exp 06/25/202	$0	–	-16,600	–	-0.01%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-25,000	–	-0.01%	–
DNMR	Exit	DANIMER SCIENTIFIC INC	$0	–	-28,100	–	-0.04%	–
DNN	Exit	DENISON MINES CORP	$0	–	-160,300	–	-0.08%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-6,000	–	-0.11%	–
UNP	Exit	UNION PAC CORP	$0	–	-1,300	–	-0.11%	–
GLW	Exit	CORNING INC	$0	–	-8,900	–	-0.12%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-9,200	–	-0.13%	–
ERF	Exit	ENERPLUS CORP	$0	–	-22,984	–	-0.15%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-2,000	–	-0.15%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-28,700	–	-0.39%	–
MRNA	Exit	MODERNA INC	$0	–	-50,085	–	-2.68%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-43,450	–	-4.44%	–
MGA	Exit	MAGNA INTL INC	$0	–	-213,050	–	-4.57%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-67,052	–	-4.69%	–
DIS	Exit	DISNEY WALT CO	$0	–	-116,175	–	-4.96%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-244,400	–	-5.14%	–
RY	Exit	ROYAL BK CDA	$0	–	-128,288	–	-5.22%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-199,375	–	-6.02%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-3,720,365	–	-6.77%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-471,525	–	-8.10%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-323,775	–	-8.98%	–
TRP	Exit	TC ENERGY CORP	$0	–	-494,515	–	-9.00%	–
TU	Exit	TELUS CORPORATION	$0	–	-1,008,445	–	-9.05%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,302,750	–	-9.24%	–
NEM	Exit	NEWMONT CORP	$0	–	-517,380	–	-9.83%	–

Q3 2022

			Value		Shares		↓ Weighting
NEM	Buy	NEWMONT CORP	$21,745,000	-9.7%	517,380	+28.2%	9.83%	-0.7%
MFC	Sell	MANULIFE FINL CORP	$20,438,000	-10.2%	1,302,750	-0.9%	9.24%	-1.3%
TU	Sell	TELUS CORPORATION	$20,017,000	-11.4%	1,008,445	-0.7%	9.05%	-2.6%
TRP	Sell	TC ENERGY CORP	$19,911,000	-22.4%	494,515	-0.3%	9.00%	-14.7%
TD	Sell	TORONTO DOMINION BK ONT	$19,850,000	-7.0%	323,775	-0.6%	8.98%	+2.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$17,904,000	-34.5%	471,525	-12.4%	8.10%	-28.0%
HBM	Sell	HUDBAY MINERALS INC	$14,969,000	-2.0%	3,720,365	-0.7%	6.77%	+7.8%
CP	Sell	CANADIAN PAC RY LTD	$13,304,000	-23.4%	199,375	-19.9%	6.02%	-15.8%
CNQ	New	CANADIAN NAT RES LTD	$11,372,000	–	244,400	–	5.14%	–
DIS	Sell	DISNEY WALT CO	$10,959,000	-0.9%	116,175	-0.9%	4.96%	+8.9%
TXN	Sell	TEXAS INSTRS INC	$10,378,000	+0.1%	67,052	-0.6%	4.69%	+10.0%
MGA	Sell	MAGNA INTL INC	$10,103,000	-14.0%	213,050	-0.5%	4.57%	-5.4%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$9,828,000	-12.0%	43,450	-18.3%	4.44%	-3.2%
MRNA	Sell	MODERNA INC	$5,923,000	-17.6%	50,085	-0.4%	2.68%	-9.4%
ERF	Buy	ENERPLUS CORP	$325,000	+7.6%	22,984	+0.3%	0.15%	+18.5%
UNP	New	UNION PAC CORP	$253,000	–	1,300	–	0.11%	–
SLF	Sell	SUN LIFE FINANCIAL INC.	$239,000	-18.4%	6,000	-6.2%	0.11%	-10.7%
MUX	Exit	MCEWEN MNG INC	$0	–	-54,100	–	-0.01%	–

Q2 2022

			Value		Shares		↓ Weighting
VZ	New	VERIZON COMMUNICATIONS INC	$27,320,000	–	538,325	–	11.24%	–
TRP	New	TC ENERGY CORP	$25,670,000	–	496,065	–	10.56%	–
NEM	New	NEWMONT CORP	$24,076,000	–	403,480	–	9.90%	–
MFC	New	MANULIFE FINL CORP	$22,759,000	–	1,313,950	–	9.36%	–
TU	New	TELUS CORPORATION	$22,598,000	–	1,015,695	–	9.30%	–
TD	New	TORONTO DOMINION BK ONT	$21,340,000	–	325,775	–	8.78%	–
CP	New	CANADIAN PAC RY LTD	$17,377,000	–	249,050	–	7.15%	–
HBM	New	HUDBAY MINERALS INC	$15,268,000	–	3,747,365	–	6.28%	–
RY	New	ROYAL BK CDA	$12,408,000	–	128,288	–	5.10%	–
MGA	New	MAGNA INTL INC	$11,741,000	–	214,050	–	4.83%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$11,164,000	–	53,150	–	4.59%	–
DIS	New	DISNEY WALT CO	$11,061,000	–	117,175	–	4.55%	–
TXN	New	TEXAS INSTRS INC	$10,368,000	–	67,477	–	4.26%	–
MRNA	New	MODERNA INC	$7,185,000	–	50,300	–	2.96%	–
TECK	New	TECK RESOURCES LTDcl b	$877,000	–	28,700	–	0.36%	–
VRSK	New	VERISK ANALYTICS INC	$346,000	–	2,000	–	0.14%	–
FITB	New	FIFTH THIRD BANCORP	$309,000	–	9,200	–	0.13%	–
ERF	New	ENERPLUS CORP	$302,000	–	22,913	–	0.12%	–
SLF	New	SUN LIFE FINANCIAL INC.	$293,000	–	6,400	–	0.12%	–
GLW	New	CORNING INC	$280,000	–	8,900	–	0.12%	–
DNN	New	DENISON MINES CORP	$158,000	–	160,300	–	0.06%	–
DNMR	New	DANIMER SCIENTIFIC INC	$128,000	–	28,100	–	0.05%	–
NGD	New	NEW GOLD INC CDA	$27,000	–	25,000	–	0.01%	–
MUX	New	MCEWEN MNG INC	$23,000	–	54,100	–	0.01%	–
ORGNW	New	ORIGIN MATERIALS INC*w exp 06/25/202	$17,000	–	16,600	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
NGD	Exit	NEW GOLD INC CDA	$0	–	-25,000	–	-0.01%	–
ORGNW	Exit	ORIGIN MATERIALS INC*w exp 06/24/202	$0	–	-16,600	–	-0.01%	–
MUX	Exit	MCEWEN MNG INC	$0	–	-54,100	–	-0.02%	–
ERF	Exit	ENERPLUS CORP	$0	–	-22,716	–	-0.06%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-600	–	-0.06%	–
DNN	Exit	DENISON MINES CORP	$0	–	-160,300	–	-0.07%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-6,400	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-10,000	–	-0.11%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-9,900	–	-0.13%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-2,150	–	-0.13%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-29,520	–	-0.22%	–
DIS	Exit	DISNEY WALT CO	$0	–	-70,225	–	-3.57%	–
MGA	Exit	MAGNA INTL INC	$0	–	-165,325	–	-3.74%	–
RY	Exit	ROYAL BK CDA	$0	–	-129,873	–	-3.88%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-70,850	–	-4.25%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-74,777	–	-4.32%	–
PLUG	Exit	PLUG POWER INC	$0	–	-674,000	–	-5.17%	–
DNMR	Exit	DANIMER SCIENTIFIC INC	$0	–	-1,124,890	–	-5.52%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-397,650	–	-7.90%	–
MRNA	Exit	MODERNA INC	$0	–	-68,375	–	-7.90%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-4,383,065	–	-8.21%	–
TU	Exit	TELUS CORPORATION	$0	–	-1,257,695	–	-8.30%	–
NEM	Exit	NEWMONT CORP	$0	–	-520,530	–	-8.49%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-535,775	–	-8.69%	–
TRP	Exit	TC ENERGY CORP	$0	–	-652,515	–	-9.43%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,683,094	–	-9.73%	–

Q3 2021

			Value		Shares		↓ Weighting
MFC	Sell	MANULIFE FINL CORP	$32,384,000	-5.3%	1,683,094	-3.1%	9.73%	+6.0%
TRP	Sell	TC ENERGY CORP	$31,392,000	-5.2%	652,515	-2.5%	9.43%	+6.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$28,937,000	-5.2%	535,775	-1.7%	8.69%	+6.0%
NEM	Buy	NEWMONT CORP	$28,265,000	-13.1%	520,530	+1.5%	8.49%	-2.8%
TU	Sell	TELUS CORPORATION	$27,633,000	-15.4%	1,257,695	-13.6%	8.30%	-5.4%
HBM	Sell	HUDBAY MINERALS INC	$27,326,000	-8.3%	4,383,065	-2.1%	8.21%	+2.5%
MRNA	Sell	MODERNA INC	$26,315,000	-7.3%	68,375	-43.4%	7.90%	+3.7%
TD	Sell	TORONTO DOMINION BK ONT	$26,314,000	-7.4%	397,650	-1.9%	7.90%	+3.5%
DNMR	Sell	DANIMER SCIENTIFIC INC	$18,381,000	-35.3%	1,124,890	-0.9%	5.52%	-27.7%
PLUG	Buy	PLUG POWER INC	$17,214,000	+47.5%	674,000	+97.4%	5.17%	+64.9%
TXN	Sell	TEXAS INSTRS INC	$14,373,000	-2.8%	74,777	-2.8%	4.32%	+8.7%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$14,164,000	-3.1%	70,850	-3.7%	4.25%	+8.4%
MGA	Sell	MAGNA INTL INC	$12,437,000	-22.3%	165,325	-4.4%	3.74%	-13.2%
DIS	Sell	DISNEY WALT CO	$11,880,000	-6.1%	70,225	-2.4%	3.57%	+5.0%
VRSK	Sell	VERISK ANALYTICS INC	$431,000	-8.7%	2,150	-20.4%	0.13%	+1.6%
GLW	Sell	CORNING INC	$365,000	-11.2%	10,000	-0.5%	0.11%	0.0%
DNN	Sell	DENISON MINES CORP	$233,000	-9.0%	160,300	-23.8%	0.07%	+1.4%
ERF	Buy	ENERPLUS CORP	$182,000	+100.0%	22,716	+79.5%	0.06%	+129.2%
BLDP	Exit	BALLARD PWR SYS INC NEW	$0	–	-462,600	–	-2.25%	–

Q2 2021

			Value		Shares		↓ Weighting
MFC	New	MANULIFE FINL CORP	$34,180,000	–	1,736,144	–	9.18%	–
TRP	New	TC ENERGY CORP	$33,109,000	–	668,965	–	8.89%	–
TU	New	TELUS CORPORATION	$32,661,000	–	1,456,095	–	8.77%	–
NEM	New	NEWMONT CORP	$32,519,000	–	513,080	–	8.73%	–
VZ	New	VERIZON COMMUNICATIONS INC	$30,527,000	–	544,825	–	8.20%	–
HBM	New	HUDBAY MINERALS INC	$29,815,000	–	4,478,965	–	8.01%	–
DNMR	New	DANIMER SCIENTIFIC INC	$28,429,000	–	1,134,890	–	7.64%	–
TD	New	TORONTO DOMINION BK ONT	$28,422,000	–	405,500	–	7.63%	–
MRNA	New	MODERNA INC	$28,386,000	–	120,800	–	7.62%	–
MGA	New	MAGNA INTL INC	$16,016,000	–	172,950	–	4.30%	–
TXN	New	TEXAS INSTRS INC	$14,788,000	–	76,902	–	3.97%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$14,618,000	–	73,600	–	3.93%	–
RY	New	ROYAL BK CDA	$13,160,000	–	129,873	–	3.54%	–
DIS	New	DISNEY WALT CO	$12,647,000	–	71,950	–	3.40%	–
PLUG	New	PLUG POWER INC	$11,674,000	–	341,450	–	3.14%	–
BLDP	New	BALLARD PWR SYS INC NEW	$8,390,000	–	462,600	–	2.25%	–
TECK	New	TECK RESOURCES LTDcl b	$680,000	–	29,520	–	0.18%	–
VRSK	New	VERISK ANALYTICS INC	$472,000	–	2,700	–	0.13%	–
GLW	New	CORNING INC	$411,000	–	10,050	–	0.11%	–
FITB	New	FIFTH THIRD BANCORP	$378,000	–	9,900	–	0.10%	–
SLF	New	SUN LIFE FINANCIAL INC.	$330,000	–	6,400	–	0.09%	–
DNN	New	DENISON MINES CORP	$256,000	–	210,300	–	0.07%	–
MA	New	MASTERCARD INCORPORATEDcl a	$219,000	–	600	–	0.06%	–
ERF	New	ENERPLUS CORP	$91,000	–	12,658	–	0.02%	–
MUX	New	MCEWEN MNG INC	$74,000	–	54,100	–	0.02%	–
NGD	New	NEW GOLD INC CDA	$45,000	–	25,000	–	0.01%	–
ORGNW	New	ORIGIN MATERIALS INC*w exp 06/24/202	$32,000	–	16,600	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
ERF	Exit	ENERPLUS CORP	$0	–	-12,389	–	-0.01%	–
MUX	Exit	MCEWEN MNG INC	$0	–	-40,000	–	-0.02%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-25,000	–	-0.02%	–
DNN	Exit	DENISON MINES CORP	$0	–	-210,300	–	-0.03%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-1,400	–	-0.10%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-6,400	–	-0.10%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-800	–	-0.11%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-3,700	–	-0.12%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-21,800	–	-0.18%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-34,765	–	-0.19%	–
GLW	Exit	CORNING INC	$0	–	-21,700	–	-0.27%	–
RY	Exit	ROYAL BK CDA	$0	–	-126,700	–	-3.47%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-82,775	–	-4.51%	–
MGA	Exit	MAGNA INTL INC	$0	–	-262,900	–	-4.69%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-58,070	–	-5.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-110,475	–	-5.35%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-106,875	–	-5.96%	–
TRP	Exit	TC ENERGY CORP	$0	–	-489,895	–	-8.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-393,400	–	-9.14%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-518,980	–	-9.36%	–
TU	Exit	TELUS CORPORATION	$0	–	-1,424,400	–	-9.77%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,896,400	–	-10.28%	–
NEM	Exit	NEWMONT CORP	$0	–	-446,700	–	-11.06%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-7,444,915	–	-12.27%	–

Q3 2020

			Value		Shares		↓ Weighting
HBM	Sell	HUDBAY MINERALS INC	$31,424,000	+32.7%	7,444,915	-5.2%	12.27%	+52.0%
NEM	Sell	NEWMONT CORP	$28,343,000	+2.0%	446,700	-0.7%	11.06%	+16.8%
MFC	Sell	MANULIFE FINL CORP	$26,330,000	+1.8%	1,896,400	-0.6%	10.28%	+16.6%
TU	Sell	TELUS CORPORATION	$25,020,000	+3.3%	1,424,400	-1.8%	9.77%	+18.2%
TD	Sell	TORONTO DOMINION BK ONT	$23,986,000	+2.0%	518,980	-1.9%	9.36%	+16.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$23,403,000	+6.6%	393,400	-1.2%	9.14%	+22.0%
TRP	Sell	TC ENERGY CORP	$20,532,000	-2.8%	489,895	-1.3%	8.02%	+11.2%
TXN	Sell	TEXAS INSTRS INC	$15,261,000	+10.4%	106,875	-1.9%	5.96%	+26.4%
DIS	Sell	DISNEY WALT CO	$13,708,000	+9.4%	110,475	-1.6%	5.35%	+25.3%
ROK	Sell	ROCKWELL AUTOMATION INC	$12,815,000	+2.3%	58,070	-1.3%	5.00%	+17.1%
MGA	Sell	MAGNA INTL INC	$12,009,000	-15.3%	262,900	-17.7%	4.69%	-3.0%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$11,546,000	-7.4%	82,775	-1.1%	4.51%	+6.0%
RY	Sell	ROYAL BK CDA	$8,880,000	-1.2%	126,700	-4.7%	3.47%	+13.2%
GLW	Sell	CORNING INC	$703,000	-22.5%	21,700	-38.0%	0.27%	-11.3%
AEM	Sell	AGNICO EAGLE MINES LTD	$294,000	+9.7%	3,700	-11.9%	0.12%	+26.4%
ERF	Buy	ENERPLUS CORP	$23,000	-32.4%	12,389	+0.9%	0.01%	-25.0%
BB	Exit	BLACKBERRY LTD	$0	–	-15,190	–	-0.02%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,800	–	-0.07%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-6,308,050	–	-7.31%	–
CSCO	Exit	CISCO SYS INC	$0	–	-559,600	–	-8.90%	–

Q2 2020

			Value		Shares		↓ Weighting
NEM	New	NEWMONT CORP	$27,786,000	–	450,050	–	9.47%	–
CSCO	New	CISCO SYS INC	$26,100,000	–	559,600	–	8.90%	–
MFC	New	MANULIFE FINL CORP	$25,866,000	–	1,908,400	–	8.82%	–
TU	New	TELUS CORPORATION	$24,229,000	–	1,450,100	–	8.26%	–
HBM	New	HUDBAY MINERALS INC	$23,679,000	–	7,850,915	–	8.07%	–
TD	New	TORONTO DOMINION BK ONT	$23,521,000	–	529,030	–	8.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$21,961,000	–	398,350	–	7.49%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$21,447,000	–	6,308,050	–	7.31%	–
TRP	New	TC ENERGY CORP	$21,134,000	–	496,520	–	7.20%	–
MGA	New	MAGNA INTL INC	$14,173,000	–	319,450	–	4.83%	–
TXN	New	TEXAS INSTRS INC	$13,827,000	–	108,900	–	4.71%	–
ROK	New	ROCKWELL AUTOMATION INC	$12,531,000	–	58,830	–	4.27%	–
DIS	New	DISNEY WALT CO	$12,525,000	–	112,325	–	4.27%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$12,466,000	–	83,725	–	4.25%	–
RY	New	ROYAL BK CDA	$8,984,000	–	132,923	–	3.06%	–
GLW	New	CORNING INC	$907,000	–	35,000	–	0.31%	–
FITB	New	FIFTH THIRD BANCORP	$420,000	–	21,800	–	0.14%	–
TECK	New	TECK RESOURCES LTDcl b	$363,000	–	34,765	–	0.12%	–
AEM	New	AGNICO EAGLE MINES LTD	$268,000	–	4,200	–	0.09%	–
MA	New	MASTERCARD INCORPORATEDcl a	$237,000	–	800	–	0.08%	–
SLF	New	SUN LIFE FINANCIAL INC.	$234,000	–	6,400	–	0.08%	–
XOM	New	EXXON MOBIL CORP	$215,000	–	4,800	–	0.07%	–
KSU	New	KANSAS CITY SOUTHERN	$209,000	–	1,400	–	0.07%	–
BB	New	BLACKBERRY LTD	$74,000	–	15,190	–	0.02%	–
DNN	New	DENISON MINES CORP	$74,000	–	210,300	–	0.02%	–
MUX	New	MCEWEN MNG INC	$41,000	–	40,000	–	0.01%	–
ERF	New	ENERPLUS CORP	$34,000	–	12,278	–	0.01%	–
NGD	New	NEW GOLD INC CDA	$34,000	–	25,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
NGD	Exit	NEW GOLD INC CDA	$0	–	-25,000	–	-0.01%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-12,710	–	-0.01%	–
MUX	Exit	MCEWEN MNG INC	$0	–	-40,000	–	-0.01%	–
BB	Exit	BLACKBERRY LTD	$0	–	-15,000	–	-0.02%	–
ERF	Exit	ENERPLUS CORP	$0	–	-12,050	–	-0.02%	–
DNN	Exit	DENISON MINES CORP	$0	–	-210,300	–	-0.02%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-6,400	–	-0.06%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-5,500	–	-0.06%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-3,800	–	-0.11%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-34,765	–	-0.12%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-21,700	–	-0.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,550	–	-0.13%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-140,550	–	-2.46%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-6,778,215	–	-5.27%	–
NTR	Exit	NUTRIEN LTD	$0	–	-510,550	–	-5.48%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-159,760	–	-5.67%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-163,725	–	-5.69%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-453,680	–	-5.70%	–
TU	Exit	TELUS CORP	$0	–	-754,900	–	-5.79%	–
CSCO	Exit	CISCO SYS INC	$0	–	-550,975	–	-5.86%	–
DIS	Exit	DISNEY WALT CO	$0	–	-214,000	–	-6.00%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-474,150	–	-6.16%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-5,529,100	–	-6.19%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,573,800	–	-6.22%	–
TRP	Exit	TC ENERGY CORP	$0	–	-559,250	–	-6.24%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-928,850	–	-6.31%	–
NEM	Exit	NEWMONT GOLDCORP CORPORATION	$0	–	-811,400	–	-6.62%	–
MGA	Exit	MAGNA INTL INC	$0	–	-581,950	–	-6.68%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-249,915	–	-6.96%	–

Q3 2019

			Value		Shares		↓ Weighting
TXN	Sell	TEXAS INSTRS INC	$32,299,000	+11.8%	249,915	-0.7%	6.96%	+18.2%
MGA	Sell	MAGNA INTL INC	$31,033,000	+7.0%	581,950	-0.1%	6.68%	+13.1%
NEM	Sell	NEWMONT GOLDCORP CORPORATION	$30,768,000	-1.7%	811,400	-0.3%	6.62%	+3.8%
SU	Buy	SUNCOR ENERGY INC NEW	$29,311,000	+13.3%	928,850	+12.1%	6.31%	+19.7%
TRP	Sell	TC ENERGY CORP	$28,970,000	+4.4%	559,250	-0.0%	6.24%	+10.3%
MFC	Buy	MANULIFE FINL CORP	$28,879,000	+0.9%	1,573,800	+0.0%	6.22%	+6.6%
BBVA	Buy	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$28,751,000	+10.3%	5,529,100	+18.0%	6.19%	+16.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$28,620,000	+4.2%	474,150	-1.4%	6.16%	+10.1%
DIS	Buy	DISNEY WALT CO	$27,888,000	-6.5%	214,000	+0.2%	6.00%	-1.2%
CSCO	Buy	CISCO SYS INC	$27,224,000	-7.6%	550,975	+2.3%	5.86%	-2.4%
TU	Buy	TELUS CORP	$26,877,000	-3.7%	754,900	+0.0%	5.79%	+1.7%
TD	Buy	TORONTO DOMINION BK ONT	$26,464,000	-0.0%	453,680	+0.2%	5.70%	+5.7%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$26,428,000	-2.5%	163,725	-0.1%	5.69%	+3.1%
ROK	Sell	ROCKWELL AUTOMATION INC	$26,328,000	-0.9%	159,760	-1.4%	5.67%	+4.7%
NTR	Buy	NUTRIEN LTD	$25,446,000	-6.5%	510,550	+0.4%	5.48%	-1.2%
HBM	Buy	HUDBAY MINERALS INC	$24,465,000	-11.7%	6,778,215	+32.6%	5.27%	-6.7%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$11,406,000	-25.7%	140,550	-27.2%	2.46%	-21.5%
XOM	Buy	EXXON MOBIL CORP	$604,000	+3.1%	8,550	+11.8%	0.13%	+9.2%
FITB	Sell	FIFTH THIRD BANCORP	$594,000	-2.8%	21,700	-0.9%	0.13%	+2.4%
KSU	Sell	KANSAS CITY SOUTHERN	$505,000	+3.7%	3,800	-5.0%	0.11%	+10.1%
AEM	Sell	AGNICO EAGLE MINES LTD	$295,000	-7.2%	5,500	-11.3%	0.06%	-1.5%
ERF	Buy	ENERPLUS CORP	$90,000	0.0%	12,050	+0.3%	0.02%	+5.6%
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored ads	$0	–	-5,185,850	–	-5.02%	–

Q2 2019

			Value		Shares		↓ Weighting
NEM	New	NEWMONT GOLDCORP CORPORATION	$31,315,000	–	814,000	–	6.38%	–
DIS	New	DISNEY WALT CO	$29,827,000	–	213,600	–	6.08%	–
CSCO	New	CISCO SYS INC	$29,476,000	–	538,575	–	6.01%	–
MGA	New	MAGNA INTL INC	$28,994,000	–	582,350	–	5.91%	–
TXN	New	TEXAS INSTRS INC	$28,881,000	–	251,665	–	5.88%	–
MFC	New	MANULIFE FINL CORP	$28,615,000	–	1,573,500	–	5.83%	–
TU	New	TELUS CORP	$27,917,000	–	754,700	–	5.69%	–
TRP	New	TC ENERGY CORP	$27,752,000	–	559,450	–	5.66%	–
HBM	New	HUDBAY MINERALS INC	$27,698,000	–	5,112,715	–	5.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$27,474,000	–	480,900	–	5.60%	–
NTR	New	NUTRIEN LTD	$27,218,000	–	508,500	–	5.55%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$27,093,000	–	163,875	–	5.52%	–
ROK	New	ROCKWELL AUTOMATION INC	$26,558,000	–	162,110	–	5.41%	–
TD	New	TORONTO DOMINION BK ONT	$26,465,000	–	452,630	–	5.39%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$26,060,000	–	4,687,100	–	5.31%	–
SU	New	SUNCOR ENERGY INC NEW	$25,873,000	–	828,900	–	5.27%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored ads	$24,633,000	–	5,185,850	–	5.02%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$15,360,000	–	193,150	–	3.13%	–
TECK	New	TECK RESOURCES LTDcl b	$803,000	–	34,765	–	0.16%	–
FITB	New	FIFTH THIRD BANCORP	$611,000	–	21,900	–	0.12%	–
XOM	New	EXXON MOBIL CORP	$586,000	–	7,650	–	0.12%	–
KSU	New	KANSAS CITY SOUTHERN	$487,000	–	4,000	–	0.10%	–
AEM	New	AGNICO EAGLE MINES LTD	$318,000	–	6,200	–	0.06%	–
SLF	New	SUN LIFE FINL INC	$265,000	–	6,400	–	0.05%	–
BB	New	BLACKBERRY LTD	$112,000	–	15,000	–	0.02%	–
DNN	New	DENISON MINES CORP	$112,000	–	210,300	–	0.02%	–
ERF	New	ENERPLUS CORP	$90,000	–	12,014	–	0.02%	–
MUX	New	MCEWEN MNG INC	$70,000	–	40,000	–	0.01%	–
CPG	New	CRESCENT PT ENERGY CORP	$42,000	–	12,710	–	0.01%	–
NGD	New	NEW GOLD INC CDA	$24,000	–	25,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
NGD	Exit	NEW GOLD INC CDA	$0	–	-10,000	–	-0.00%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-12,710	–	-0.02%	–
DNN	Exit	DENISON MINES CORP	$0	–	-181,300	–	-0.02%	–
ERF	Exit	ENERPLUS CORP	$0	–	-11,927	–	-0.03%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-6,000	–	-0.05%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-3,800	–	-0.09%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-7,700	–	-0.09%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,100	–	-0.11%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-23,400	–	-0.13%	–
SWIR	Exit	SIERRA WIRELESS INC	$0	–	-734,200	–	-3.02%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-197,350	–	-3.23%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-448,125	–	-3.54%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-118,815	–	-4.56%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-4,559,900	–	-4.72%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-614,950	–	-5.09%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,439,000	–	-5.26%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-2,563,600	–	-5.34%	–
MGA	Exit	MAGNA INTL INC	$0	–	-498,550	–	-5.35%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-4,176,600	–	-5.39%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored ads	$0	–	-4,266,550	–	-5.41%	–
TU	Exit	TELUS CORP	$0	–	-732,000	–	-5.52%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-519,300	–	-5.68%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-457,850	–	-5.69%	–
NTR	Exit	NUTRIEN LTD	$0	–	-492,600	–	-5.82%	–
DIS	Exit	DISNEY WALT CO	$0	–	-247,500	–	-5.93%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-271,550	–	-5.97%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-208,300	–	-6.43%	–
CSCO	Exit	CISCO SYS INC	$0	–	-752,350	–	-7.50%	–

Q3 2018

			Value		Shares		↓ Weighting
CSCO	Sell	CISCO SYS INC	$36,602,000	+13.0%	752,350	-0.0%	7.50%	+9.5%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$31,382,000	+11.5%	208,300	-0.7%	6.43%	+8.0%
TXN	Sell	TEXAS INSTRS INC	$29,135,000	-3.5%	271,550	-0.9%	5.97%	-6.5%
DIS	Sell	DISNEY WALT CO	$28,943,000	+10.7%	247,500	-0.8%	5.93%	+7.3%
NTR	Sell	NUTRIEN LTD	$28,381,000	+5.3%	492,600	-0.6%	5.82%	+2.1%
TD	Buy	TORONTO DOMINION BK ONT	$27,761,000	+5.9%	457,850	+0.9%	5.69%	+2.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$27,725,000	+6.2%	519,300	+0.1%	5.68%	+2.9%
TU	Sell	TELUS CORP	$26,922,000	+3.4%	732,000	-0.3%	5.52%	+0.2%
MUFG	Sell	MITSUBISHI UFJ FINL GROUP INsponsored ads	$26,410,000	+9.1%	4,266,550	-0.4%	5.41%	+5.7%
BBVA	Buy	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$26,313,000	+9.2%	4,176,600	+21.4%	5.39%	+5.8%
MGA	Sell	MAGNA INTL INC	$26,132,000	-10.0%	498,550	-0.2%	5.35%	-12.8%
GG	Buy	GOLDCORP INC NEW	$26,064,000	-11.9%	2,563,600	+18.8%	5.34%	-14.7%
MFC	Sell	MANULIFE FINL CORP	$25,669,000	-1.1%	1,439,000	-0.3%	5.26%	-4.1%
TRP	Buy	TRANSCANADA CORP	$24,826,000	-4.9%	614,950	+1.8%	5.09%	-7.8%
HBM	Buy	HUDBAY MINERALS INC	$23,037,000	-9.0%	4,559,900	+0.8%	4.72%	-11.9%
ROK	Buy	ROCKWELL AUTOMATION INC	$22,280,000	+14.6%	118,815	+1.6%	4.56%	+11.0%
SU	Sell	SUNCOR ENERGY INC NEW	$17,302,000	-6.0%	448,125	-1.0%	3.54%	-8.9%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$15,785,000	+2.7%	197,350	-3.5%	3.23%	-0.5%
SWIR	Buy	SIERRA WIRELESS INC	$14,764,000	+39.2%	734,200	+10.7%	3.02%	+34.9%
ERF	Buy	ENERPLUS CORP	$147,000	-2.0%	11,927	+0.2%	0.03%	-6.2%
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-11,700	–	-0.01%	–

Q2 2018

			Value		Shares		↓ Weighting
CSCO	New	CISCO SYS INC	$32,389,000	–	752,700	–	6.85%	–
TXN	New	TEXAS INSTRS INC	$30,197,000	–	273,900	–	6.39%	–
GG	New	GOLDCORP INC NEW	$29,594,000	–	2,158,600	–	6.26%	–
MGA	New	MAGNA INTL INC	$29,027,000	–	499,350	–	6.14%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$28,149,000	–	209,850	–	5.95%	–
NTR	New	NUTRIEN LTD	$26,945,000	–	495,500	–	5.70%	–
TD	New	TORONTO DOMINION BK ONT	$26,219,000	–	453,750	–	5.54%	–
DIS	New	DISNEY WALT CO	$26,145,000	–	249,450	–	5.53%	–
VZ	New	VERIZON COMMUNICATIONS INC	$26,096,000	–	518,700	–	5.52%	–
TRP	New	TRANSCANADA CORP	$26,096,000	–	604,125	–	5.52%	–
TU	New	TELUS CORP	$26,028,000	–	733,900	–	5.50%	–
MFC	New	MANULIFE FINL CORP	$25,943,000	–	1,443,700	–	5.49%	–
HBM	New	HUDBAY MINERALS INC	$25,325,000	–	4,522,250	–	5.36%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored ads	$24,205,000	–	4,284,050	–	5.12%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$24,087,000	–	3,441,000	–	5.09%	–
ROK	New	ROCKWELL AUTOMATION INC	$19,443,000	–	116,965	–	4.11%	–
SU	New	SUNCOR ENERGY INC NEW	$18,398,000	–	452,825	–	3.89%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$15,369,000	–	204,445	–	3.25%	–
SWIR	New	SIERRA WIRELESS INC	$10,608,000	–	663,000	–	2.24%	–
FITB	New	FIFTH THIRD BANCORP	$672,000	–	23,400	–	0.14%	–
XOM	New	EXXON MOBIL CORP	$505,000	–	6,100	–	0.11%	–
NFG	New	NATIONAL FUEL GAS CO N J	$408,000	–	7,700	–	0.09%	–
KSU	New	KANSAS CITY SOUTHERN	$403,000	–	3,800	–	0.08%	–
SLF	New	SUN LIFE FINL INC	$241,000	–	6,000	–	0.05%	–
ERF	New	ENERPLUS CORP	$150,000	–	11,906	–	0.03%	–
CPG	New	CRESCENT PT ENERGY CORP	$93,000	–	12,710	–	0.02%	–
DNN	New	DENISON MINES CORP	$88,000	–	181,300	–	0.02%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$37,000	–	11,700	–	0.01%	–
NGD	New	NEW GOLD INC CDA	$21,000	–	10,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
DNN	Exit	DENISON MINES CORP	$0	–	-173,300	–	-0.02%	–
ERF	Exit	ENERPLUS CORP	$0	–	-11,829	–	-0.02%	–
USB	Exit	US BANCORP DEL	$0	–	-5,000	–	-0.05%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-6,700	–	-0.06%	–
ENB	Exit	ENBRIDGE INC	$0	–	-7,400	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,850	–	-0.08%	–
NFG	Exit	NATIONAL FUEL GAS CO N J	$0	–	-7,900	–	-0.09%	–
SHAK	Exit	SHAKE SHACK INCcl a	$0	–	-14,300	–	-0.10%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-20,000	–	-0.11%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-5,250	–	-0.12%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-28,000	–	-0.13%	–
BCE	Exit	BCE INC	$0	–	-21,300	–	-0.20%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-1,085,000	–	-1.39%	–
SWIR	Exit	SIERRA WIRELESS INC	$0	–	-750,200	–	-3.25%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-487,025	–	-3.49%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-221,112	–	-3.50%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-124,700	–	-4.47%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-1,915,550	–	-5.00%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-694,750	–	-5.38%	–
DIS	Exit	DISNEY WALT CO	$0	–	-274,050	–	-5.44%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-605,850	–	-5.60%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-489,300	–	-5.63%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-563,250	–	-5.69%	–
CSCO	Exit	CISCO SYS INC	$0	–	-841,600	–	-5.70%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-4,453,250	–	-5.77%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-269,850	–	-5.94%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-3,485,700	–	-6.26%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-355,000	–	-6.41%	–
HBM	Exit	HUDBAY MINERALS INC	$0	–	-4,322,200	–	-6.48%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,635,400	–	-6.68%	–
MGA	Exit	MAGNA INTL INC	$0	–	-640,175	–	-6.88%	–

Q3 2017

			Value		Shares		↓ Weighting
MGA	Sell	MAGNA INTL INC	$34,173,000	+14.6%	640,175	-0.6%	6.88%	+7.2%
MFC	Sell	MANULIFE FINL CORP	$33,182,000	+7.2%	1,635,400	-0.3%	6.68%	+0.3%
HBM	Sell	HUDBAY MINERALS INC	$32,200,000	+25.2%	4,322,200	-0.0%	6.48%	+17.1%
TXN	Sell	TEXAS INSTRS INC	$31,822,000	+16.5%	355,000	-0.0%	6.41%	+8.9%
BBVA	Sell	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$31,092,000	+6.2%	3,485,700	-0.5%	6.26%	-0.7%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$29,500,000	+6.9%	269,850	+0.2%	5.94%	-0.0%
MUFG	Buy	MITSUBISHI UFJ FINL GROUP INsponsored adr	$28,679,000	-4.3%	4,453,250	+0.3%	5.77%	-10.5%
CSCO	Buy	CISCO SYS INC	$28,303,000	+7.8%	841,600	+0.4%	5.70%	+0.9%
TRP	Buy	TRANSCANADA CORP	$28,279,000	+5.4%	563,250	+0.1%	5.69%	-1.4%
TD	Buy	TORONTO DOMINION BK ONT	$27,984,000	+13.7%	489,300	+0.2%	5.63%	+6.4%
TRI	Buy	THOMSON REUTERS CORP	$27,796,000	+2.2%	605,850	+3.1%	5.60%	-4.4%
DIS	Buy	DISNEY WALT CO	$27,013,000	+5.8%	274,050	+14.1%	5.44%	-1.0%
CMCSA	Buy	COMCAST CORP NEWcl a	$26,734,000	+0.3%	694,750	+1.4%	5.38%	-6.2%
GG	Buy	GOLDCORP INC NEW	$24,826,000	+2.5%	1,915,550	+0.6%	5.00%	-4.1%
ROK	Sell	ROCKWELL AUTOMATION INC	$22,223,000	+10.0%	124,700	-0.0%	4.47%	+2.9%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$17,379,000	+8.2%	221,112	+0.0%	3.50%	+1.3%
SU	Buy	SUNCOR ENERGY INC NEW	$17,339,000	+22.1%	487,025	+0.2%	3.49%	+14.2%
SWIR	Buy	SIERRA WIRELESS INC	$16,129,000	-19.5%	750,200	+3.8%	3.25%	-24.6%
AAVVF	Buy	ADVANTAGE OIL & GAS LTD	$6,908,000	-5.2%	1,085,000	+0.7%	1.39%	-11.3%
BCE	Sell	BCE INC	$1,014,000	+4.8%	21,300	-0.9%	0.20%	-1.9%
KSU	Sell	KANSAS CITY SOUTHERN	$571,000	+1.1%	5,250	-2.8%	0.12%	-5.7%
FITB	Buy	FIFTH THIRD BANCORP	$560,000	+27.0%	20,000	+17.6%	0.11%	+18.9%
NFG	Sell	NATIONAL FUEL GAS CO N J	$447,000	-31.0%	7,900	-31.9%	0.09%	-35.3%
XOM	Buy	EXXON MOBIL CORP	$398,000	+59.2%	4,850	+56.5%	0.08%	+48.1%
ENB	New	ENBRIDGE INC	$314,000	–	7,400	–	0.06%	–
ERF	Buy	ENERPLUS CORP	$119,000	+24.0%	11,829	+0.3%	0.02%	+14.3%
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-14,900	–	-0.06%	–

Q2 2017

			Value		Shares		↓ Weighting
MFC	New	MANULIFE FINL CORP	$30,944,000	–	1,640,700	–	6.66%	–
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$29,979,000	–	4,441,350	–	6.45%	–
MGA	New	MAGNA INTL INC	$29,813,000	–	643,775	–	6.42%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$29,288,000	–	3,503,400	–	6.30%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$27,603,000	–	269,400	–	5.94%	–
TXN	New	TEXAS INSTRS INC	$27,322,000	–	355,150	–	5.88%	–
TRI	New	THOMSON REUTERS CORP	$27,196,000	–	587,650	–	5.85%	–
TRP	New	TRANSCANADA CORP	$26,823,000	–	562,500	–	5.77%	–
CMCSA	New	COMCAST CORP NEWcl a	$26,664,000	–	685,100	–	5.74%	–
CSCO	New	CISCO SYS INC	$26,248,000	–	838,600	–	5.65%	–
HBM	New	HUDBAY MINERALS INC	$25,722,000	–	4,323,100	–	5.54%	–
DIS	New	DISNEY WALT CO	$25,521,000	–	240,200	–	5.49%	–
TD	New	TORONTO DOMINION BK ONT	$24,612,000	–	488,250	–	5.30%	–
GG	New	GOLDCORP INC NEW	$24,217,000	–	1,903,850	–	5.21%	–
ROK	New	ROCKWELL AUTOMATION INC	$20,204,000	–	124,750	–	4.35%	–
SWIR	New	SIERRA WIRELESS INC	$20,024,000	–	722,900	–	4.31%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$16,055,000	–	221,050	–	3.46%	–
SU	New	SUNCOR ENERGY INC NEW	$14,202,000	–	485,925	–	3.06%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$7,287,000	–	1,077,200	–	1.57%	–
BCE	New	BCE INC	$968,000	–	21,500	–	0.21%	–
NFG	New	NATIONAL FUEL GAS CO N J	$648,000	–	11,600	–	0.14%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$625,000	–	28,000	–	0.14%	–
KSU	New	KANSAS CITY SOUTHERN	$565,000	–	5,400	–	0.12%	–
SHAK	New	SHAKE SHACK INCcl a	$499,000	–	14,300	–	0.11%	–
FITB	New	FIFTH THIRD BANCORP	$441,000	–	17,000	–	0.10%	–
WDR	New	WADDELL & REED FINL INCcl a	$281,000	–	14,900	–	0.06%	–
USB	New	US BANCORP DEL	$260,000	–	5,000	–	0.06%	–
XOM	New	EXXON MOBIL CORP	$250,000	–	3,100	–	0.05%	–
SLF	New	SUN LIFE FINL INC	$240,000	–	6,700	–	0.05%	–
ERF	New	ENERPLUS CORP	$96,000	–	11,798	–	0.02%	–
DNN	New	DENISON MINES CORP	$75,000	–	173,300	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
ERF	Exit	ENERPLUS RESOURCES	$0	–	-23,414	–	-0.04%	–
SAN	Exit	BANCO SANTANDER ADRadr	$0	–	-44,000	–	-0.05%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-6,700	–	-0.06%	–
USB	Exit	U.S. BANCORP	$0	–	-5,300	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-3,600	–	-0.08%	–
WDR	Exit	WADDELL & REED FINANCIAL	$0	–	-17,900	–	-0.08%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-6,500	–	-0.16%	–
RY	Exit	ROYAL BANK OF CANADA	$0	–	-10,905	–	-0.18%	–
NFG	Exit	NATIONAL FUEL GAS CO.	$0	–	-13,000	–	-0.18%	–
BCE	Exit	BCE INC COM	$0	–	-20,500	–	-0.25%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD.	$0	–	-1,046,600	–	-1.92%	–
SWIR	Exit	SIERRA WIRELESS INC.	$0	–	-802,600	–	-3.03%	–
SU	Exit	SUNCOR ENERGY INC COM	$0	–	-490,850	–	-3.56%	–
BBVA	Exit	BANCO BILBAO V.A. ADRadr	$0	–	-2,496,800	–	-3.89%	–
GG	Exit	GOLDCORP INC	$0	–	-946,700	–	-4.08%	–
HBM	Exit	HUDBAY MINERALS INC.	$0	–	-4,826,900	–	-4.99%	–
DIS	Exit	THE WALT DISNEY COMPANY	$0	–	-229,325	–	-5.56%	–
TD	Exit	TORONTO DOMINION BANK	$0	–	-482,450	–	-5.60%	–
ROK	Exit	ROCKWELL AUTOMATION INC.	$0	–	-179,450	–	-5.74%	–
MTF	Exit	MITSUBISHI UFJ FINANCIAL GROUPadr	$0	–	-4,536,050	–	-5.99%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC.	$0	–	-265,750	–	-6.12%	–
MFC	Exit	MANULIFE FINANCIAL CORP.	$0	–	-1,686,300	–	-6.22%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-589,250	–	-6.37%	–
CMCSA	Exit	COMCAST CORP	$0	–	-370,985	–	-6.43%	–
CSCO	Exit	CISCO SYSTEMS INC.	$0	–	-831,650	–	-6.89%	–
MGA	Exit	MAGNA INTERNATIONAL	$0	–	-625,600	–	-7.02%	–
TXN	Exit	TEXAS INSTRUMENTS INC.	$0	–	-391,200	–	-7.17%	–
TRP	Exit	TRANSCANADA CORP.	$0	–	-666,950	–	-8.28%	–

Q3 2016

			Value		Shares		↓ Weighting
TRP	Sell	TRANSCANADA CORP.	$31,682,000	-99.9%	666,950	-0.0%	8.28%	-3.7%
TXN	Sell	TEXAS INSTRUMENTS INC.	$27,454,000	-99.9%	391,200	-5.3%	7.17%	+0.9%
MGA	Sell	MAGNA INTERNATIONAL	$26,861,000	-99.9%	625,600	-2.5%	7.02%	+15.6%
CSCO	Sell	CISCO SYSTEMS INC.	$26,380,000	-99.9%	831,650	-0.2%	6.89%	+3.3%
CMCSA	Buy	COMCAST CORP	$24,611,000	-99.9%	370,985	+0.6%	6.43%	-5.6%
TRI	Buy	THOMSON REUTERS CORP.	$24,371,000	-99.9%	589,250	+0.1%	6.37%	-3.9%
MFC	Buy	MANULIFE FINANCIAL CORP.	$23,796,000	-99.9%	1,686,300	+8.4%	6.22%	+10.2%
ADP	Buy	AUTOMATIC DATA PROCESSING INC.	$23,439,000	-99.9%	265,750	+0.6%	6.12%	-10.9%
MTF	Buy	MITSUBISHI UFJ FINANCIAL GROUPadr	$22,907,000	-99.9%	4,536,050	+0.2%	5.99%	+10.9%
ROK	Buy	ROCKWELL AUTOMATION INC.	$21,954,000	-99.9%	179,450	+0.6%	5.74%	+2.2%
TD	Buy	TORONTO DOMINION BANK	$21,421,000	-99.9%	482,450	+33.5%	5.60%	+31.6%
DIS	Buy	THE WALT DISNEY COMPANY	$21,295,000	-99.9%	229,325	+2.6%	5.56%	-9.2%
HBM	Sell	HUDBAY MINERALS INC.	$19,099,000	-99.9%	4,826,900	-0.6%	4.99%	-20.8%
GG	Buy	GOLDCORP INC	$15,626,000	-15.3%	946,700	+0.8%	4.08%	+81560.0%
BBVA	Sell	BANCO BILBAO V.A. ADRadr	$14,881,000	-99.9%	2,496,800	-0.8%	3.89%	+4.1%
SU	Buy	SUNCOR ENERGY INC COM	$13,629,000	-99.9%	490,850	+1.2%	3.56%	-5.1%
SWIR	Buy	SIERRA WIRELESS INC.	$11,580,000	-99.9%	802,600	+56.0%	3.03%	+23.6%
AAVVF	Buy	ADVANTAGE OIL & GAS LTD.	$7,341,000	-99.9%	1,046,600	+0.3%	1.92%	+13.6%
BCE	Sell	BCE INC COM	$946,000	-99.9%	20,500	-18.0%	0.25%	-25.2%
RY	Buy	ROYAL BANK OF CANADA	$676,000	-18.0%	10,905	+1.0%	0.18%	–
KSU	Sell	KANSAS CITY SOUTHERN	$607,000	-99.9%	6,500	-1.5%	0.16%	-1.2%
WDR	Buy	WADDELL & REED FINANCIAL	$325,000	-99.9%	17,900	+5.9%	0.08%	+13.3%
USB	Sell	U.S. BANCORP	$227,000	-99.9%	5,300	-28.4%	0.06%	-27.2%
SAN	New	BANCO SANTANDER ADRadr	$188,000	–	44,000	–	0.05%	–
ERF	Buy	ENERPLUS RESOURCES	$150,000	-99.9%	23,414	+0.3%	0.04%	-26.4%
WFC	Exit	WELLS FARGO CORP	$0	–	-399,950	–	-5.22%	–

Q2 2016

			Value		Shares		↓ Weighting
TRP	New	TRANSCANADA CORP.	$30,860,824,000	–	667,050	–	8.60%	–
TXN	New	TEXAS INSTRUMENTS INC.	$25,511,010,000	–	413,000	–	7.11%	–
ADP	New	AUTOMATIC DATA PROCESSING INC.	$24,688,675,000	–	264,050	–	6.88%	–
CMCSA	New	COMCAST CORP	$24,440,001,000	–	368,850	–	6.81%	–
CSCO	New	CISCO SYSTEMS INC.	$23,941,857,000	–	833,050	–	6.67%	–
TRI	New	THOMSON REUTERS CORP.	$23,781,694,000	–	588,400	–	6.62%	–
HBM	New	HUDBAY MINERALS INC.	$22,625,650,000	–	4,856,000	–	6.30%	–
DIS	New	THE WALT DISNEY COMPANY	$21,997,095,000	–	223,525	–	6.13%	–
MGA	New	MAGNA INTERNATIONAL	$21,800,617,000	–	641,600	–	6.07%	–
MFC	New	MANULIFE FINANCIAL CORP.	$20,261,419,000	–	1,555,800	–	5.64%	–
ROK	New	ROCKWELL AUTOMATION INC.	$20,148,200,000	–	178,350	–	5.61%	–
MTF	New	MITSUBISHI UFJ FINANCIAL GROUPadr	$19,371,922,000	–	4,526,150	–	5.40%	–
WFC	New	WELLS FARGO CORP	$18,717,660,000	–	399,950	–	5.22%	–
TD	New	TORONTO DOMINION BANK	$15,272,159,000	–	361,520	–	4.26%	–
SU	New	SUNCOR ENERGY INC COM	$13,473,898,000	–	485,150	–	3.75%	–
BBVA	New	BANCO BILBAO V.A. ADRadr	$13,411,346,000	–	2,516,200	–	3.74%	–
SWIR	New	SIERRA WIRELESS INC.	$8,787,357,000	–	514,400	–	2.45%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD.	$6,060,339,000	–	1,043,600	–	1.69%	–
BCE	New	BCE INC COM	$1,185,883,000	–	25,000	–	0.33%	–
NFG	New	NATIONAL FUEL GAS CO.	$718,770,000	–	13,000	–	0.20%	–
KSU	New	KANSAS CITY SOUTHERN	$578,556,000	–	6,600	–	0.16%	–
XOM	New	EXXON MOBIL CORP.	$334,656,000	–	3,600	–	0.09%	–
USB	New	U.S. BANCORP	$290,302,000	–	7,400	–	0.08%	–
WDR	New	WADDELL & REED FINANCIAL	$269,893,000	–	16,900	–	0.08%	–
SLF	New	SUN LIFE FINANCIAL INC.	$210,381,000	–	6,700	–	0.06%	–
ERF	New	ENERPLUS RESOURCES	$191,356,000	–	23,336	–	0.05%	–
GG	New	GOLDCORP INC	$18,445,000	–	939,200	–	0.01%	–
RY	New	ROYAL BANK OF CANADA	$824,000	–	10,798	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
ERF	Exit	ENERPLUS CORP	$0	–	-22,256	–	-0.03%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-6,700	–	-0.06%	–
USB	Exit	U.S. BANCORP	$0	–	-7,900	–	-0.09%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-5,000	–	-0.10%	–
NFG	Exit	NATIONAL FUEL GAS CO.	$0	–	-9,600	–	-0.13%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-5,600	–	-0.14%	–
WDR	Exit	WADDELL & REED FINANCIAL	$0	–	-15,500	–	-0.15%	–
RY	Exit	ROYAL BANK OF CANADA	$0	–	-12,401	–	-0.19%	–
BCE	Exit	BCE INC COM	$0	–	-26,500	–	-0.30%	–
GG	Exit	GOLDCORP INC	$0	–	-502,398	–	-1.72%	–
HBM	Exit	HUDBAY MINERALS INC.	$0	–	-3,893,500	–	-3.93%	–
SU	Exit	SUNCOR ENERGY INC COM	$0	–	-576,150	–	-4.21%	–
ROK	Exit	ROCKWELL AUTOMATION INC.	$0	–	-162,975	–	-4.54%	–
BBVA	Exit	BANCO BILBAO V.A. ADRadr	$0	–	-2,149,800	–	-4.94%	–
TRP	Exit	TRANSCANADA CORP.	$0	–	-588,250	–	-5.08%	–
TD	Exit	TORONTO DOMINION BANK	$0	–	-520,170	–	-5.60%	–
MFC	Exit	MANULIFE FINANCIAL CORP.	$0	–	-1,440,000	–	-6.09%	–
WFC	Exit	WELLS FARGO CORP	$0	–	-448,550	–	-6.32%	–
CMCSA	Exit	COMCAST CORP	$0	–	-411,500	–	-6.42%	–
CSCO	Exit	CISCO SYSTEMS INC.	$0	–	-926,300	–	-6.67%	–
TXN	Exit	TEXAS INSTRUMENTS INC.	$0	–	-491,300	–	-6.67%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-610,000	–	-6.70%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC.	$0	–	-314,550	–	-6.93%	–
MTF	Exit	MITSUBISHI UFJ FINANCIAL GROUPadr	$0	–	-4,366,800	–	-7.30%	–
MGA	Exit	MAGNA INTERNATIONAL	$0	–	-596,420	–	-7.82%	–
DIS	Exit	THE WALT DISNEY COMPANY	$0	–	-281,125	–	-7.88%	–

Q3 2015

			Value		Shares		↓ Weighting
DIS	Sell	THE WALT DISNEY COMPANY	$38,482,000	+19.4%	281,125	-0.5%	7.88%	-4.9%
MGA	Buy	MAGNA INTERNATIONAL	$38,177,000	+14.5%	596,420	+0.3%	7.82%	-8.8%
MTF	Sell	MITSUBISHI UFJ FINANCIAL GROUPadr	$35,620,000	+12.8%	4,366,800	-0.2%	7.30%	-10.2%
ADP	Sell	AUTOMATIC DATA PROCESSING INC.	$33,831,000	+32.6%	314,550	-1.1%	6.93%	+5.6%
TRI	Buy	THOMSON REUTERS CORP.	$32,720,000	+41.3%	610,000	+0.3%	6.70%	+12.5%
TXN	Sell	TEXAS INSTRUMENTS INC.	$32,590,000	+28.5%	491,300	-0.2%	6.67%	+2.3%
CSCO	Sell	CISCO SYSTEMS INC.	$32,562,000	+27.8%	926,300	-0.2%	6.67%	+1.8%
CMCSA	Sell	COMCAST CORP	$31,350,000	+26.0%	411,500	-0.6%	6.42%	+0.3%
WFC	Buy	WELLS FARGO CORP	$30,850,000	+22.6%	448,550	+0.3%	6.32%	-2.3%
MFC	Buy	MANULIFE FINANCIAL CORP.	$29,722,000	+13.0%	1,440,000	+1.7%	6.09%	-10.0%
TD	Buy	TORONTO DOMINION BANK	$27,361,000	+24.5%	520,170	+0.5%	5.60%	-0.8%
TRP	Buy	TRANSCANADA CORP.	$24,824,000	+23.4%	588,250	+18.8%	5.08%	-1.7%
BBVA	New	BANCO BILBAO V.A. ADRadr	$24,101,000	–	2,149,800	–	4.94%	–
ROK	Buy	ROCKWELL AUTOMATION INC.	$22,150,000	+10.0%	162,975	+0.9%	4.54%	-12.4%
SU	Buy	SUNCOR ENERGY INC COM	$20,563,000	+30.2%	576,150	+0.5%	4.21%	+3.7%
HBM	Buy	HUDBAY MINERALS INC.	$19,195,000	-21.7%	3,893,500	+32.3%	3.93%	-37.6%
GG	Buy	GOLDCORP INC	$8,405,000	+4.0%	502,398	+0.8%	1.72%	-17.2%
BCE	Sell	BCE INC COM	$1,447,000	-9.2%	26,500	-29.3%	0.30%	-27.8%
RY	Buy	ROYAL BANK OF CANADA	$915,000	+21.8%	12,401	+1.0%	0.19%	-3.1%
WDR	Buy	WADDELL & REED FINANCIAL	$722,000	+20.1%	15,500	+22.0%	0.15%	-4.5%
USB	Sell	U.S. BANCORP	$434,000	+19.2%	7,900	-6.0%	0.09%	-5.3%
ERF	Buy	ENERPLUS CORP	$145,000	-24.5%	22,256	+1.7%	0.03%	-38.8%

Q2 2015

			Value		Shares		↓ Weighting
MGA	New	MAGNA INTERNATIONAL	$33,348,000	–	594,420	–	8.58%	–
DIS	New	THE WALT DISNEY COMPANY	$32,233,000	–	282,425	–	8.29%	–
MTF	New	MITSUBISHI UFJ FINANCIAL GROUPsponsored adr	$31,587,000	–	4,375,400	–	8.12%	–
MFC	New	MANULIFE FINANCIAL CORP.	$26,310,000	–	1,416,400	–	6.77%	–
ADP	New	AUTOMATIC DATA PROCESSING INC.	$25,510,000	–	318,000	–	6.56%	–
CSCO	New	CISCO SYSTEMS INC.	$25,486,000	–	928,200	–	6.55%	–
TXN	New	TEXAS INSTRUMENTS INC.	$25,366,000	–	492,500	–	6.52%	–
WFC	New	WELLS FARGO CORP	$25,157,000	–	447,350	–	6.47%	–
CMCSA	New	COMCAST CORP	$24,886,000	–	413,850	–	6.40%	–
HBM	New	HUDBAY MINERALS INC.	$24,504,000	–	2,944,000	–	6.30%	–
TRI	New	THOMSON REUTERS CORP.	$23,157,000	–	608,400	–	5.96%	–
TD	New	TORONTO DOMINION BANK	$21,970,000	–	517,570	–	5.65%	–
ROK	New	ROCKWELL AUTOMATION INC.	$20,128,000	–	161,500	–	5.18%	–
TRP	New	TRANSCANADA CORP.	$20,116,000	–	495,200	–	5.17%	–
SU	New	SUNCOR ENERGY INC COM	$15,790,000	–	573,550	–	4.06%	–
GG	New	GOLDCORP INC	$8,081,000	–	498,198	–	2.08%	–
BCE	New	BCE INC COM	$1,593,000	–	37,500	–	0.41%	–
RY	New	ROYAL BANK OF CANADA	$751,000	–	12,278	–	0.19%	–
WDR	New	WADDELL & REED FINANCIAL	$601,000	–	12,700	–	0.16%	–
NFG	New	NATIONAL FUEL GAS CO.	$565,000	–	9,600	–	0.14%	–
KSU	New	KANSAS CITY SOUTHERN	$511,000	–	5,600	–	0.13%	–
XOM	New	EXXON MOBIL CORP.	$416,000	–	5,000	–	0.11%	–
USB	New	U.S. BANCORP	$364,000	–	8,400	–	0.09%	–
SLF	New	SUN LIFE FINANCIAL INC.	$223,000	–	6,700	–	0.06%	–
ERF	New	ENERPLUS RESOURCES	$192,000	–	21,876	–	0.05%	–

Q4 2014

			Value		Shares		↓ Weighting
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-7,175	–	-0.07%	–
USB	Exit	U.S. BANCORP	$0	–	-9,500	–	-0.11%	–
ERF	Exit	ENERPLUS Corporation	$0	–	-21,146	–	-0.11%	–
SYT	Exit	SYNGENTA AG-ADRsponsored adr	$0	–	-6,500	–	-0.12%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-4,900	–	-0.13%	–
WDR	Exit	WADDELL & REED FINANCIAL	$0	–	-10,600	–	-0.15%	–
NFG	Exit	NATIONAL FUEL GAS CO.	$0	–	-9,200	–	-0.18%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-5,300	–	-0.18%	–
RY	Exit	ROYAL BANK OF CANADA	$0	–	-13,412	–	-0.27%	–
GG	Exit	GOLDCORP INC	$0	–	-467,998	–	-3.02%	–
ROK	Exit	ROCKWELL AUTOMATION INC.	$0	–	-154,100	–	-4.74%	–
SU	Exit	SUNCOR ENERGY INC COM	$0	–	-501,212	–	-5.07%	–
TD	Exit	TORONTO DOMINION BANK	$0	–	-455,470	–	-6.28%	–
CSCO	Exit	CISCO SYSTEMS INC.	$0	–	-916,100	–	-6.45%	–
TRP	Exit	TRANSCANADA CORP.	$0	–	-450,700	–	-6.49%	–
MTF	Exit	MITSUBISHI UFJ FINANCIAL GROUPsponsored adr	$0	–	-4,252,300	–	-6.67%	–
HBM	Exit	HUDBAY MINERALS INC.	$0	–	-2,799,700	–	-6.68%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-663,950	–	-6.76%	–
CMCSA	Exit	COMCAST CORP	$0	–	-455,350	–	-6.85%	–
MFC	Exit	MANULIFE FINANCIAL CORP.	$0	–	-1,354,000	–	-7.28%	–
TXN	Exit	TEXAS INSTRUMENTS INC.	$0	–	-577,200	–	-7.70%	–
WFC	Exit	WELLS FARGO CORP	$0	–	-538,043	–	-7.80%	–
DIS	Exit	THE WALT DISNEY COMPANY	$0	–	-325,175	–	-8.10%	–
MGA	Exit	MAGNA INTERNATIONAL	$0	–	-332,388	–	-8.82%	–

Q3 2014

			Value		Shares		↓ Weighting
MGA	Sell	MAGNA INTERNATIONAL	$31,559,000	-7.4%	332,388	-0.5%	8.82%	+1.6%
DIS	Buy	THE WALT DISNEY COMPANY	$28,983,000	+4.1%	325,175	+0.2%	8.10%	+14.3%
WFC	Sell	WELLS FARGO CORP	$27,939,000	-1.3%	538,043	-0.1%	7.80%	+8.3%
TXN	Sell	TEXAS INSTRUMENTS INC.	$27,557,000	-0.2%	577,200	-0.1%	7.70%	+9.6%
MFC	Buy	MANULIFE FINANCIAL CORP.	$26,050,000	-0.8%	1,354,000	+2.5%	7.28%	+8.9%
CMCSA	Buy	COMCAST CORP	$24,516,000	+0.5%	455,350	+0.2%	6.85%	+10.3%
TRI	Buy	THOMSON REUTERS CORP.	$24,196,000	+0.3%	663,950	+0.2%	6.76%	+10.1%
HBM	Buy	HUDBAY MINERALS INC.	$23,932,000	-7.5%	2,799,700	+0.1%	6.68%	+1.6%
MTF	Buy	MITSUBISHI UFJ FINANCIAL GROUPsponsored adr	$23,881,000	+4.6%	4,252,300	+14.6%	6.67%	+14.9%
TRP	Buy	TRANSCANADA CORP.	$23,220,000	+15.7%	450,700	+7.2%	6.49%	+27.1%
CSCO	New	CISCO SYSTEMS INC.	$23,084,000	–	916,100	–	6.45%	–
TD	Buy	TORONTO DOMINION BANK	$22,485,000	-3.9%	455,470	+0.3%	6.28%	+5.6%
SU	Buy	SUNCOR ENERGY INC COM	$18,144,000	-15.0%	501,212	+0.1%	5.07%	-6.7%
ROK	Buy	ROCKWELL AUTOMATION INC.	$16,951,000	-11.8%	154,100	+0.3%	4.74%	-3.2%
GG	Buy	GOLDCORP INC	$10,793,000	-10.7%	467,998	+0.4%	3.02%	-1.9%
RY	Buy	ROYAL BANK OF CANADA	$959,000	+0.8%	13,412	+0.8%	0.27%	+10.7%
NFG	New	NATIONAL FUEL GAS CO.	$645,000	–	9,200	–	0.18%	–
ERF	Buy	ENERPLUS Corporation	$402,000	-23.7%	21,146	+1.1%	0.11%	-16.4%
SLF	New	SUN LIFE FINANCIAL INC.	$260,000	–	7,175	–	0.07%	–
TU	Exit	TELUS CORP	$0	–	-262,492	–	-2.49%	–
THI	Exit	TIM HORTONS INC.	$0	–	-359,500	–	-5.00%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC.	$0	–	-278,850	–	-5.62%	–

Q2 2014

			Value		Shares		↓ Weighting
MGA	New	MAGNA INTERNATIONAL	$34,091,000	–	334,200	–	8.67%	–
WFC	New	WELLS FARGO CORP	$28,315,000	–	538,618	–	7.20%	–
DIS	New	THE WALT DISNEY COMPANY	$27,843,000	–	324,675	–	7.08%	–
TXN	New	TEXAS INSTRUMENTS INC.	$27,604,000	–	577,500	–	7.02%	–
MFC	New	MANULIFE FINANCIAL CORP.	$26,255,000	–	1,320,650	–	6.68%	–
HBM	New	HUDBAY MINERALS INC.	$25,868,000	–	2,796,200	–	6.58%	–
CMCSA	New	COMCAST CORP	$24,400,000	–	454,450	–	6.21%	–
TRI	New	THOMSON REUTERS CORP.	$24,126,000	–	662,550	–	6.14%	–
TD	New	TORONTO DOMINION BANK	$23,388,000	–	454,275	–	5.95%	–
MTF	New	MITSUBISHI UFJ FINANCIAL GROUPsponsored adr	$22,827,000	–	3,711,000	–	5.81%	–
ADP	New	AUTOMATIC DATA PROCESSING INC.	$22,112,000	–	278,850	–	5.62%	–
SU	New	SUNCOR ENERGY INC COM	$21,354,000	–	500,714	–	5.43%	–
TRP	New	TRANSCANADA CORP.	$20,064,000	–	420,312	–	5.10%	–
THI	New	TIM HORTONS INC.	$19,668,000	–	359,500	–	5.00%	–
ROK	New	ROCKWELL AUTOMATION INC.	$19,229,000	–	153,600	–	4.89%	–
GG	New	GOLDCORP INC	$12,081,000	–	465,993	–	3.07%	–
TU	New	TELUS CORP	$9,784,000	–	262,492	–	2.49%	–
RY	New	ROYAL BANK OF CANADA	$951,000	–	13,302	–	0.24%	–
WDR	New	WADDELL & REED FINANCIAL	$664,000	–	10,600	–	0.17%	–
KSU	New	KANSAS CITY SOUTHERN	$570,000	–	5,300	–	0.14%	–
ERF	New	ENERPLUS RESOURCES	$527,000	–	20,908	–	0.13%	–
XOM	New	EXXON MOBIL CORP.	$493,000	–	4,900	–	0.12%	–
SYT	New	SYNGENTA AG-ADRsponsored adr	$486,000	–	6,500	–	0.12%	–
USB	New	U.S. BANCORP	$411,000	–	9,500	–	0.10%	–

Q4 2013

			Value		Shares		↓ Weighting
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,700	–	-0.09%	–
ERF	Exit	ENERPLUS RESOURCES	$0	–	-20,102	–	-0.10%	–
USB	Exit	U.S. BANCORP	$0	–	-9,500	–	-0.11%	–
TWC	Exit	TIME WARNER CABLE INC.	$0	–	-3,200	–	-0.11%	–
XOM	Exit	EXXON MOBIL CORP.	$0	–	-4,600	–	-0.12%	–
SYT	Exit	SYNGENTA AG-ADRsponsorer adr	$0	–	-5,300	–	-0.14%	–
PFE	Exit	PFIZER INC.	$0	–	-17,900	–	-0.16%	–
WDR	Exit	WADDELL & REED FINANCIAL	$0	–	-12,100	–	-0.20%	–
RY	Exit	ROYAL BANK OF CANADA	$0	–	-12,449	–	-0.25%	–
TU	Exit	TELUS CORP	$0	–	-234,500	–	-2.45%	–
GG	Exit	GOLDCORP INC	$0	–	-325,100	–	-2.67%	–
MTF	Exit	MITSUBISHI UFJ FINANCIAL GROUPsponsorer adr	$0	–	-2,088,900	–	-4.22%	–
ROK	Exit	ROCKWELL AUTOMATION INC.	$0	–	-144,550	–	-4.87%	–
TRP	Exit	TRANSCANADA CORP.	$0	–	-363,500	–	-5.04%	–
SU	Exit	SUNCOR ENERGY INC COM	$0	–	-458,142	–	-5.17%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC.	$0	–	-255,500	–	-5.83%	–
THI	Exit	TIM HORTONS INC.	$0	–	-319,100	–	-5.84%	–
TD	Exit	TORONTO DOMINION BANK	$0	–	-218,871	–	-6.22%	–
HBM	Exit	HUDBAY MINERALS INC.	$0	–	-2,416,600	–	-6.24%	–
DIS	Exit	THE WALT DISNEY COMPANY	$0	–	-311,825	–	-6.34%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-592,725	–	-6.54%	–
MFC	Exit	MANULIFE FINANCIAL CORP.	$0	–	-1,265,950	–	-6.61%	–
WFC	Exit	WELLS FARGO CORP	$0	–	-511,850	–	-6.66%	–
CMCSA	Exit	COMCAST CORP	$0	–	-484,405	–	-6.88%	–
TXN	Exit	TEXAS INSTRUMENTS INC.	$0	–	-561,700	–	-7.13%	–
MGA	Exit	MAGNA INTERNATIONAL	$0	–	-384,632	–	-10.01%	–

Q3 2013

			Value		Shares		↓ Weighting
MGA	Sell	MAGNA INTERNATIONAL	$32,674,000	+18.8%	384,632	-0.5%	10.01%	+3.5%
TXN	Sell	TEXAS INSTRUMENTS INC.	$23,276,000	+18.5%	561,700	-0.4%	7.13%	+3.2%
CMCSA	Buy	COMCAST CORP	$22,477,000	+11.5%	484,405	+0.3%	6.88%	-2.9%
WFC	Buy	WELLS FARGO CORP	$21,752,000	+3.3%	511,850	+0.3%	6.66%	-10.1%
MFC	Buy	MANULIFE FINANCIAL CORP.	$21,572,000	+6.8%	1,265,950	+0.3%	6.61%	-7.0%
TRI	Buy	THOMSON REUTERS CORP.	$21,350,000	+11.6%	592,725	+1.1%	6.54%	-2.8%
DIS	Buy	THE WALT DISNEY COMPANY	$20,683,000	+6.3%	311,825	+1.2%	6.34%	-7.4%
HBM	Buy	HUDBAY MINERALS INC.	$20,372,000	+56.6%	2,416,600	+22.9%	6.24%	+36.3%
TD	Buy	TORONTO DOMINION BANK	$20,298,000	+16.5%	218,871	+0.9%	6.22%	+1.5%
THI	Buy	TIM HORTONS INC.	$19,063,000	+11.1%	319,100	+0.6%	5.84%	-3.2%
ADP	Sell	AUTOMATIC DATA PROCESSING INC.	$19,020,000	+7.8%	255,500	-0.3%	5.83%	-6.1%
SU	Buy	SUNCOR ENERGY INC COM	$16,873,000	+26.5%	458,142	+1.2%	5.17%	+10.1%
TRP	Buy	TRANSCANADA CORP.	$16,448,000	+9.3%	363,500	+4.0%	5.04%	-4.8%
ROK	Buy	ROCKWELL AUTOMATION INC.	$15,899,000	+32.9%	144,550	+0.5%	4.87%	+15.7%
MTF	Buy	MITSUBISHI UFJ FINANCIAL GROUPsponsorer adr	$13,771,000	+7.2%	2,088,900	+1.0%	4.22%	-6.7%
GG	Buy	GOLDCORP INC	$8,713,000	+9.2%	325,100	+1.2%	2.67%	-4.9%
TU	Buy	TELUS CORP	$8,006,000	+19.0%	234,500	+1.7%	2.45%	+3.6%
RY	Buy	ROYAL BANK OF CANADA	$822,000	+14.3%	12,449	+1.0%	0.25%	-0.4%
ERF	Buy	ENERPLUS RESOURCES	$343,000	+15.9%	20,102	+0.5%	0.10%	+1.0%
KSU	Sell	KANSAS CITY SOUTHERN	$304,000	-22.4%	2,700	-27.0%	0.09%	-32.6%

Q2 2013

			Value		Shares		↓ Weighting
MGA	New	MAGNA INTERNATIONAL	$27,497,000	–	386,400	–	9.67%	–
WFC	New	WELLS FARGO CORP	$21,065,000	–	510,450	–	7.41%	–
MFC	New	MANULIFE FINANCIAL CORP.	$20,195,000	–	1,262,250	–	7.10%	–
CMCSA	New	COMCAST CORPcl a	$20,164,000	–	483,005	–	7.09%	–
TXN	New	TEXAS INSTRUMENTS INC.	$19,647,000	–	563,800	–	6.91%	–
DIS	New	THE WALT DISNEY COMPANY	$19,457,000	–	308,125	–	6.85%	–
TRI	New	THOMSON REUTERS CORP.	$19,125,000	–	586,225	–	6.73%	–
ADP	New	AUTOMATIC DATA PROCESSING INC.	$17,637,000	–	256,150	–	6.20%	–
TD	New	TORONTO DOMINION BANK	$17,416,000	–	216,895	–	6.13%	–
THI	New	TIM HORTONS INC.	$17,151,000	–	317,200	–	6.03%	–
TRP	New	TRANSCANADA CORP.	$15,048,000	–	349,600	–	5.29%	–
SU	New	SUNCOR ENERGY INC COM	$13,341,000	–	452,695	–	4.69%	–
HBM	New	HUDBAY MINERALS INC.	$13,009,000	–	1,966,300	–	4.58%	–
MTF	New	MITSUBISHI UFJ FINANCIAL GROUPsponsored adr	$12,845,000	–	2,068,700	–	4.52%	–
ROK	New	ROCKWELL AUTOMATION INC.	$11,959,000	–	143,850	–	4.21%	–
GG	New	GOLDCORP INC	$7,976,000	–	321,200	–	2.81%	–
TU	New	TELUS CORP	$6,729,000	–	230,600	–	2.37%	–
RY	New	ROYAL BANK OF CANADA	$719,000	–	12,331	–	0.25%	–
WDR	New	WADDELL & REED FINANCIAL	$527,000	–	12,100	–	0.18%	–
PFE	New	PFIZER INC.	$501,000	–	17,900	–	0.18%	–
XOM	New	EXXON MOBIL CORP.	$415,000	–	4,600	–	0.15%	–
SYT	New	SYNGENTA AG-ADRsponsored adr	$413,000	–	5,300	–	0.14%	–
KSU	New	KANSAS CITY SOUTHERN	$392,000	–	3,700	–	0.14%	–
TWC	New	TIME WARNER CABLE INC.	$360,000	–	3,200	–	0.13%	–
USB	New	U.S. BANCORP	$343,000	–	9,500	–	0.12%	–
ERF	New	ENERPLUS RESOURCES	$296,000	–	20,000	–	0.10%	–

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