The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 6,946 275,000 SH   SOLE   6,946 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 14,246 258,640 SH   SOLE   14,246 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 4,545 555,000 SH   SOLE   4,545 0 0
APPLE INC COM 037833100 9,853 89,330 SH   SOLE   9,853 0 0
AUTOLIV INC COM 052800109 7,694 70,580 SH   SOLE   7,694 0 0
BCE INC COM NEW 05534B760 5,781 141,900 SH   SOLE   5,781 0 0
BIOGEN INC COM 09062X103 4,231 14,500 SH   SOLE   4,231 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 4,178 133,410 SH   SOLE   4,178 0 0
CAPITAL ONE FINL CORP COM 14040H105 7,181 99,020 SH   SOLE   7,181 0 0
COCA COLA CO COM 191216100 5,545 138,200 SH   SOLE   5,545 0 0
COLGATE PALMOLIVE CO COM 194162103 17,721 279,250 SH   SOLE   17,721 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 5,820 1,500,000 SH   SOLE   5,820 0 0
CONOCOPHILLIPS COM 20825C104 1,802 37,570 SH   SOLE   1,802 0 0
CUMMINS INC COM 231021106 6,832 62,920 SH   SOLE   6,832 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,621 61,510 SH   SOLE   4,621 0 0
EXXON MOBIL CORP COM 30231G102 6,761 90,940 SH   SOLE   6,761 0 0
GILEAD SCIENCES INC COM 375558103 3,378 34,400 SH   SOLE   3,378 0 0
GOOGLE INC CL A 38259P508 7,591 11,891 SH   SOLE   7,591 0 0
HCP INC COM 40414L109 11,587 311,070 SH   SOLE   11,587 0 0
HALLIBURTON CO COM 406216101 3,269 92,480 SH   SOLE   3,269 0 0
HASBRO INC COM 418056107 2,951 40,900 SH   SOLE   2,951 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,537 223,750 SH   SOLE   3,537 0 0
JOHNSON & JOHNSON COM 478160104 5,148 55,150 SH   SOLE   5,148 0 0
KEURIG GREEN MTN INC COM 49271M100 6,570 126,000 SH   SOLE   6,570 0 0
M & T BK CORP COM 55261F104 9,478 77,720 SH   SOLE   9,478 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,951 142,000 SH   SOLE   1,951 0 0
MARKET VECTORS ETF TR NATURAL RES ETF 57060U795 9,436 350,000 SH   SOLE   9,436 0 0
MCDONALDS CORP COM 580135101 16,964 172,170 SH   SOLE   16,964 0 0
MERCK & CO INC NEW COM 58933Y105 8,511 172,320 SH   SOLE   8,511 0 0
MICROSOFT CORP COM 594918104 9,191 207,670 SH   SOLE   9,191 0 0
MONDELEZ INTL INC CL A 609207105 6,945 165,880 SH   SOLE   6,945 0 0
MORGAN STANLEY COM NEW 617446448 3,713 117,870 SH   SOLE   3,713 0 0
NASDAQ INC COM 631103108 9,119 171,000 SH   SOLE   9,119 0 0
NVIDIA CORP COM 67066G104 7,389 299,760 SH   SOLE   7,389 0 0
ORACLE CORP COM 68389X105 20,637 571,352 SH   SOLE   20,637 0 0
PEPSICO INC COM 713448108 10,923 115,828 SH   SOLE   10,923 0 0
PLUM CREEK TIMBER CO INC COM 729251108 4,129 104,500 SH   SOLE   4,129 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 204 2,000 SH   SOLE   204 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 13,835 717,800 SH   SOLE   13,835 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,774 133,690 SH   SOLE   2,774 0 0
3M CO COM 88579Y101 7,294 51,450 SH   SOLE   7,294 0 0
TUPPERWARE BRANDS CORP COM 899896104 6,508 131,500 SH   SOLE   6,508 0 0
UNITEDHEALTH GROUP INC COM 91324P102 9,198 79,290 SH   SOLE   9,198 0 0
VERMILION ENERGY INC COM 923725105 2,471 77,100 SH   SOLE   2,471 0 0
WELLS FARGO & CO NEW COM 949746101 11,414 222,280 SH   SOLE   11,414 0 0
WELLTOWER INC COM 95040Q104 12,071 178,255 SH   SOLE   12,071 0 0