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
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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 30,520 1,640,812 SH   SOLE   1,640,812 0 0
Brookfield Asset Management Inc. CL A LTD VT SH 112585104 25,094 433,700 SH   SOLE   433,700 0 0
BCE Inc. COM NEW 05534B760 4,415 95,174 SH   SOLE   95,174 0 0
Bank of Nova Scotia COM 064149107 113,142 2,000,228 SH   SOLE   2,000,228 0 0
Cameco Corp. COM 13321L108 10,277 1,154,800 SH   SOLE   1,154,800 0 0
Celestica Inc. SUB VTG SHS 15101Q108 13,927 1,676,890 SH   SOLE   1,676,890 0 0
Canadian Imperial Bank of Commerce COM 136069101 91,755 1,101,088 SH   SOLE   1,101,088 0 0
Canadian Natural Resources Ltd. COM 136385101 52,720 1,627,720 SH   SOLE   1,627,720 0 0
Canadian National Railway COM 136375102 86,477 954,616 SH   SOLE   954,616 0 0
Canadian Pacific Railway Ltd. COM 13645T100 61,828 242,200 SH   SOLE   242,200 0 0
Crescent Point Energy Corp. COM 22576C101 20,793 4,656,890 SH   SOLE   4,656,890 0 0
Cenovus Energy Inc. COM 15135U109 27,915 2,742,334 SH   SOLE   2,742,334 0 0
Enbridge Inc. COM 29250N105 40,603 1,019,800 SH   SOLE   1,019,800 0 0
Gildan Activewear Class A COM 375916103 7,192 242,930 SH   SOLE   242,930 0 0
Hudbay Minerals Inc. COM 443628102 12,961 3,123,939 SH   SOLE   3,123,939 0 0
Manulife Financial Corp. COM 56501R106 44,158 2,172,290 SH   SOLE   2,172,290 0 0
Magna International Inc. Class A COM 559222401 53,128 967,610 SH   SOLE   967,610 0 0
Methanex Corp. COM 59151K108 32,351 836,510 SH   SOLE   836,510 0 0
Newmont Corp COM 651639106 53,482 1,228,787 SH   SOLE   1,228,787 0 0
Nutrien Ltd COM 67077M108 56,278 1,173,846 SH   SOLE   1,173,846 0 0
Rogers Comm Inc. Class B CL B 775109200 57,692 1,160,241 SH   SOLE   1,160,241 0 0
Royal Bank of Canada COM 780087102 129,207 1,630,643 SH   SOLE   1,630,643 0 0
Suncor Energy Inc. COM 867224107 34,054 1,037,586 SH   SOLE   1,037,586 0 0
Telus Corp. COM 87971M103 45,650 1,177,343 SH   SOLE   1,177,343 0 0
Toronto-Dominion Bank COM NEW 891160509 141,372 2,517,147 SH   SOLE   2,517,147 0 0
Teck Resources Ltd. CL B 878742204 26,326 1,515,905 SH   SOLE   1,515,905 0 0
TC Energy Corp COM 87807B107 84,299 1,580,600 SH   SOLE   1,580,600 0 0