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
Barrick Gold Corp. COM 067901108 26,990 1,559,112 SH   SOLE   1,559,112 0 0
Brookfield Asset Management Inc. CL A LTD VT SH 112585104 4,453 83,800 SH   SOLE   83,800 0 0
BCE Inc. COM NEW 05534B760 10,270 212,194 SH   SOLE   212,194 0 0
Bank of Nova Scotia COM 064149107 112,009 1,970,761 SH   SOLE   1,970,761 0 0
Cameco Corp. COM 13321L108 10,748 1,131,200 SH   SOLE   1,131,200 0 0
Celestica Inc. SHS 15101Q108 11,685 1,628,550 SH   SOLE   1,628,550 0 0
Canadian Imperial Bank of Commerce COM 136069101 90,595 1,097,322 SH   SOLE   1,097,322 0 0
Canadian Natural Resources Ltd. COM 136385101 59,458 2,233,250 SH   SOLE   2,233,250 0 0
Canadian National Railway COM 136375102 82,787 921,406 SH   SOLE   921,406 0 0
Canadian Pacific Railway Ltd. COM 13645T100 52,091 234,250 SH   SOLE   234,250 0 0
Crescent Point Energy Corp. COM 22576C101 19,206 4,492,750 SH   SOLE   4,492,750 0 0
Cenovus Energy Inc. COM 15135U109 25,002 2,663,164 SH   SOLE   2,663,164 0 0
Enbridge Inc. COM 29250N105 34,305 976,760 SH   SOLE   976,760 0 0
Gildan Activewear Class A COM 375916103 8,339 234,800 SH   SOLE   234,800 0 0
Hudbay Minerals Inc. COM 443628102 9,306 2,577,529 SH   SOLE   2,577,529 0 0
Manulife Financial Corp. COM 56501R106 44,750 2,438,250 SH   SOLE   2,438,250 0 0
Magna International Inc. Class A COM 559222401 51,273 961,270 SH   SOLE   961,270 0 0
Methanex Corp. COM 59151K108 28,820 811,690 SH   SOLE   811,690 0 0
Newmont Goldcorp Corp COM 651639106 44,098 1,165,397 SH   SOLE   1,165,397 0 0
Nutrien Ltd COM 67077M108 55,954 1,122,466 SH   SOLE   1,122,466 0 0
Rogers Comm Inc. Class B CL B 775109200 46,245 948,836 SH   SOLE   948,836 0 0
Royal Bank of Canada COM 780087102 138,742 1,709,260 SH   SOLE   1,709,260 0 0
Suncor Energy Inc. COM 867224107 31,827 1,008,356 SH   SOLE   1,008,356 0 0
Telus Corp. COM 87971M103 40,474 1,136,521 SH   SOLE   1,136,521 0 0
Transalta Corp. COM 89346D107 7,735 1,188,050 SH   SOLE   1,188,050 0 0
Toronto-Dominion Bank COM NEW 891160509 144,954 2,484,383 SH   SOLE   2,484,383 0 0
Teck Resources Ltd. CL B 878742204 22,574 1,391,420 SH   SOLE   1,391,420 0 0
TC Energy Corp COM 87807B107 79,589 1,536,100 SH   SOLE   1,536,100 0 0