-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AEn8utT/c9s+gH21zJ/Lhs1zjN+mcJ8eNdo46jTcBHNCpVbtr/vs5sldNiUZ6/Cz 0sD9Diu3NeBpUlJmIAoroQ== 0000894579-10-000081.txt : 20100517 0000894579-10-000081.hdr.sgml : 20100517 20100517125821 ACCESSION NUMBER: 0000894579-10-000081 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100517 DATE AS OF CHANGE: 20100517 EFFECTIVENESS DATE: 20100517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGF INVESTMENTS INC. CENTRAL INDEX KEY: 0001157765 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10049 FILM NUMBER: 10836995 BUSINESS ADDRESS: STREET 1: 66 WELLINGTON ST WEST STREET 2: TORONTO-DOMINION BANK TWR STE 3100 CITY: TORONTO STATE: A6 ZIP: M5K 1E9 BUSINESS PHONE: 4163671900 MAIL ADDRESS: STREET 1: 66 WELLINGTON ST WEST STREET 2: TORONTO-DOMINION BANK TWR STE 3100 CITY: TORONTO STATE: A6 ZIP: M5K 1E9 FORMER COMPANY: FORMER CONFORMED NAME: AGF FUNDS INC DATE OF NAME CHANGE: 20010820 13F-HR 1 agf13fhr051410.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.S. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 Check here if Amendment [ ]; Amendment Number: n/a --- This Amendment (check only one): [ ] is a restatement : [ ] Add new holdings entries Institutional Investment Manager Filing this Report: Name: AGF Investments Inc. Address: Toronto-Dominion Bank Tower, 31st Floor, Toronto, Ontario, Canada M5K 1E9. Form 13F File Number: 028-10049 --------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this form. Person signing this Report on Behalf of Reporting Manager: Name: Jacqueline Sanz Title: Chief Privacy Officer, Vice President, Compliance and Oversight Phone: 416-367-1900 Signature, Place and Date of Signing: /s/ Jacqueline Sanz Toronto, Canada May 17, 2010 - ------------------- --------------- ------------ (Signature) (City, State) (Date) Report Type (Check only one) - ---------------------------- [x] 13F HOLDINGS REPORT (Check here if all holdings of this reporting manager are reported in this report) [ ] 13F NOTICE (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 302 Form 13F Information Table Value Total: US$ 5,088,842 (thousands) List of Other Included Managers: None
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Invesco Limited Shs G491BT108 7,403 337,867 SH Sole N/A 337,867 Lazard Limited 'A' Class A G54050102 10,671 298,900 SH Sole N/A 298,900 SINA Corporation Common G81477104 3,750 99,500 SH Sole N/A 99,500 ACE Limited Shs H0023R105 17,023 325,495 SH Sole N/A 325,495 VistaPrint NV Shs N93540107 14,195 247,942 SH Sole N/A 247,942 Royal Caribbean Cruises Limited Common V7780T103 18,222 552,353 SH Sole N/A 552,353 Teekay Corporation Common Y8564W103 1,774 78,001 SH Sole N/A 78,001 Aflac Inc. Common 001055102 110 2,030 SH Sole N/A 2,030 AGCO Corporation Common 001084102 4,364 121,659 SH Sole N/A 121,659 AK Steel Holding Corporation Common 001547108 47 2,064 SH Sole N/A 2,064 Advanced Micro Devices Inc. Common 007903107 1,298 140,000 SH Sole N/A 140,000 Agnico-Eagle Mines Limited Common 008474108 92,840 1,662,257 SH Sole N/A 1,662,257 Allied Nevada Gold Corporation Common 019344100 17,352 1,049,256 SH Sole N/A 1,049,256 The Allstate Corporation Common 020002101 35,342 1,093,839 SH Sole N/A 1,093,839 Amazon.com Inc. Common 023135106 22,372 164,824 SH Sole N/A 164,824 American Express Company Common 025816109 84 2,038 SH Sole N/A 2,038 American Tower Corporation 'A' Class A 029912201 15,677 367,908 SH Sole N/A 367,908 American Water Works Company Inc. Common 030420103 9,444 434,016 SH Sole N/A 434,016 Apache Corporation Common 037411105 86 845 SH Sole N/A 845 Apple Inc. Common 037833100 53,240 226,620 SH Sole N/A 226,620 Arch Coal Inc. Common 039380100 17,692 774,279 SH Sole N/A 774,279 Augusta Resource Corporation Common 050912203 2,495 945,800 SH Sole N/A 945,800 Autodesk Inc. Common 052769106 56 1,916 SH Sole N/A 1,916 AutoZone Inc. Common 053332102 62 356 SH Sole N/A 356 AvalonBay Communities Inc. Common 053484101 2,373 27,480 SH Sole N/A 27,480 Ball Corporation Common 058498106 48 898 SH Sole N/A 898 Bank of America Corporation Common 060505104 62,374 3,494,364 SH Sole N/A 3,494,364 Bank of Montreal Common 063671101 35,021 577,100 SH Sole N/A 577,100 Bank of Nova Scotia Common 064149107 119,067 2,377,354 SH Sole N/A 2,377,354 Banro Corporation Common 066800103 1,495 699,900 SH Sole N/A 699,900 Barrick Gold Corporation Common 067901108 39,236 1,023,000 SH Sole N/A 1,023,000 Best Buy Company Inc. Common 086516101 10,849 255,029 SH Sole N/A 255,029 Big Lots Inc. Common 089302103 51 1,390 SH Sole N/A 1,390 The Boeing Company Common 097023105 22,569 310,822 SH Sole N/A 310,822 Boston Properties Inc. Common 101121101 4,956 65,700 SH Sole N/A 65,700 Bristol-Myers Squibb Company Common 110122108 4,565 170,979 SH Sole N/A 170,979 Broadcom Corporation 'A' Class A 111320107 11,510 346,900 SH Sole N/A 346,900 Brookfield Asset Management Inc. 'A' Class A Ltd Vt Sh 112585104 42,073 1,653,462 SH Sole N/A 1,653,462
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Brookfield Homes Corporation Common 112723101 35 4,039 SH Sole N/A 4,039 Brookfield Properties Corporation Common 112900105 33,800 2,194,790 SH Sole N/A 2,194,790 CAE Inc. Common 124765108 10,546 1,080,000 SH Sole N/A 1,080,000 CIGNA Corporation Common 125509109 59 1,614 SH Sole N/A 1,614 CMS Energy Corporation Common 125896100 46 2,973 SH Sole N/A 2,973 CVS Caremark Corporation Common 126650100 49,663 1,358,400 SH Sole N/A 1,358,400 Campbell Soup Company Common 134429109 46 1,290 SH Sole N/A 1,290 Canadian Imperial Bank of Commerce Common 136069101 45,738 626,210 SH Sole N/A 626,210 Canadian National Railway Company Common 136375102 48,095 792,664 SH Sole N/A 792,664 Canadian Natural Resources Limited Common 136385101 66,703 901,471 SH Sole N/A 901,471 Cavco Industries Inc. Common 149568107 1,164 34,109 SH Sole N/A 34,109 Central Fund of Canada Limited 'A' Class A 153501101 59,106 4,222,782 SH Sole N/A 4,222,782 Chesapeake Energy Corporation Common 165167107 58 2,440 SH Sole N/A 2,440 Chipotle Mexican Grill Inc. Class A 169656105 11,334 100,594 SH Sole N/A 100,594 The Chubb Corporation Common 171232101 31 595 SH Sole N/A 595 The Clorox Company Common 189054109 43 669 SH Sole N/A 669 Coach Inc. Common 189754104 61 1,552 SH Sole N/A 1,552 Coca-Cola Enterprises Inc. Common 191219104 60 2,155 SH Sole N/A 2,155 Compania de Minas Buenaventura SA ADR ADR 204448104 44,403 1,433,735 SH Sole N/A 1,433,735 Compton Petroleum Corporation Common 204940100 1,488 1,608,255 SH Sole N/A 1,608,255 Continental Resources Inc. Common 212015101 4,503 105,835 SH Sole N/A 105,835 Corning Inc. Common 219350105 25,484 1,260,970 SH Sole N/A 1,260,970 Corus Entertainment Inc. 'B' Class B 220874101 13,933 713,051 SH Sole N/A 713,051 Cree Inc. Common 225447101 17,054 242,872 SH Sole N/A 242,872 Diamond Foods Inc. Common 252603105 11,210 266,650 SH Sole N/A 266,650 EMC Corporation Common 268648102 86 4,781 SH Sole N/A 4,781 eBay Inc. Common 278642103 99 3,660 SH Sole N/A 3,660 Eldorado Gold Corporation Common 284902103 58,740 4,839,733 SH Sole N/A 4,839,733 EnCana Corporation Common 292505104 77,861 2,503,128 SH Sole N/A 2,503,128 Exeter Resource Corporation Common 301835104 4,188 686,221 SH Sole N/A 686,221 Express Scripts Inc. Common 302182100 49,750 488,900 SH Sole N/A 488,900 FPL Group Inc. Common 302571104 16,000 331,054 SH Sole N/A 331,054 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 10,888 229,082 SH Sole N/A 229,082 Ford Motor Company Common 345370860 98 7,772 SH Sole N/A 7,772 Forest Laboratories Inc. Common 345838106 60 1,901 SH Sole N/A 1,901 Forest Oil Corporation Common 346091705 932 36,100 SH Sole N/A 36,100 Forestar Group Inc. Common 346233109 2,836 150,214 SH Sole N/A 150,214 Gannett Company Inc. Common 364730101 56 3,414 SH Sole N/A 3,414 The Gap Inc. Common 364760108 46 1,985 SH Sole N/A 1,985
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- General Dynamics Corporation Common 369550108 109 1,413 SH Sole N/A 1,413 General Electric Company Common 369604103 9,557 525,110 SH Sole N/A 525,110 Gilead Sciences Inc. Common 375558103 14,826 325,992 SH Sole N/A 325,992 Goldcorp Inc. Warrants 'G' June 9, 2011 W EXP 06.09.11 380956177 326 73,648 SH Sole N/A 73,648 Goldcorp Inc. Common 380956409 142,006 3,802,676 SH Sole N/A 3,802,676 Harris Corporation Common 413875105 38 792 SH Sole N/A 792 The Hartford Financial Services Group Inc. Common 416515104 50,441 1,774,858 SH Sole N/A 1,774,858 Hewlett-Packard Company Common 428236103 207 3,903 SH Sole N/A 3,903 Home Depot Inc. Common 437076102 8,906 275,300 SH Sole N/A 275,300 Honeywell International Inc. Common 438516106 15,385 339,858 SH Sole N/A 339,858 Hugoton Royalty Trust UnitBenInt 444717102 214 12,932 SH Sole N/A 12,932 Humana Inc. Common 444859102 52 1,109 SH Sole N/A 1,109 IAMGOLD Corporation Common 450913108 68,909 5,185,497 SH Sole N/A 5,185,497 IHS Inc. 'A' Class A 451734107 13,062 244,284 SH Sole N/A 244,284 Imperial Oil Limited Common 453038408 9,129 236,411 SH Sole N/A 236,411 Infosys Technologies Limited ADR ADR 456788108 46,373 787,986 SH Sole N/A 787,986 Intel Corporation Common 458140100 26,042 1,169,892 SH Sole N/A 1,169,892 International Business Machines Corporation Common 459200101 25,044 195,275 SH Sole N/A 195,275 iShares MSCI United Kingdom Index Fund MSCI UTD KINGD 464286699 10,877 669,371 SH Sole N/A 669,371 iShares MSCI France Index Fund MSCI France 464286707 11,768 469,584 SH Sole N/A 469,584 iShares MSCI Spain Index Fund MSCI Spain 464286764 3,102 73,426 SH Sole N/A 73,426 iShares MSCI Italy Index Fund MSCI Italy 464286855 14,738 807,992 SH Sole N/A 807,992 Itron Inc. Common 465741106 18,397 253,505 SH Sole N/A 253,505 Jabil Circuit Inc. Common 466313103 37 2,261 SH Sole N/A 2,261 Johnson & Johnson Common 478160104 12,345 189,348 SH Sole N/A 189,348 Keegan Resources Inc. Common 487275109 2,856 476,500 SH Sole N/A 476,500 Kinder Morgan Energy Partners Limited Partnership Common 494550106 451 6,900 SH Sole N/A 6,900 Kinross Gold Corporation Common 496902404 16,242 949,917 SH Sole N/A 949,917 Kingsway Financial Services Inc. Common 496904103 574 364,240 SH Sole N/A 364,240 Korea Electric Power Corporation ADR ADR 500631106 457 28,118 SH Sole N/A 28,118 LSI Corporation Common 502161102 37 6,053 SH Sole N/A 6,053 La-Z-Boy Inc. Common 505336107 16,115 1,285,087 SH Sole N/A 1,285,087 Lexmark International Inc. Class A 529771107 43 1,194 SH Sole N/A 1,194 Eli Lilly and Company Common 532457108 81 2,223 SH Sole N/A 2,223 Limited Brands Inc. Common 532716107 56 2,257 SH Sole N/A 2,257 Lincoln National Corporation Common 534187109 3,501 114,027 SH Sole N/A 114,027
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Lockheed Martin Corporation Common 539830109 86 1,037 SH Sole N/A 1,037 Loews Corporation Common 540424108 58 1,565 SH Sole N/A 1,565 Lorillard Inc. Common 544147101 42 561 SH Sole N/A 561 McDermott International Inc. Common 580037109 23,371 868,181 SH Sole N/A 868,181 Microsoft Corporation Common 594918104 268 9,161 SH Sole N/A 9,161 Micron Technology Inc. Common 595112103 52 4,991 SH Sole N/A 4,991 Mindray Medical International Limited ADR ADR 602675100 4,953 136,000 SH Sole N/A 136,000 Minefinders Corporation Limited Common 602900102 6,887 745,096 SH Sole N/A 745,096 Moody's Corporation Common 615369105 12,125 407,560 SH Sole N/A 407,560 Morgan Stanley Common 617446448 60 2,042 SH Sole N/A 2,042 Mylan Inc. Common 628530107 75 3,290 SH Sole N/A 3,290 National Retail Properties Inc. Common 637417106 3,585 157,017 SH Sole N/A 157,017 National Semiconductor Corporation Common 637640103 39 2,694 SH Sole N/A 2,694 New Gold Inc. Common 644535106 10,635 2,472,339 SH Sole N/A 2,472,339 The New York Times Company Class A 650111107 34 3,093 SH Sole N/A 3,093 Newell Rubbermaid Inc. Common 651229106 43 2,801 SH Sole N/A 2,801 Newmont Mining Corporation Common 651639106 39,133 768,365 SH Sole N/A 768,365 Nordstrom Inc. Common 655664100 60 1,480 SH Sole N/A 1,480 Northgate Minerals Corporation Common 666416102 1,172 390,500 SH Sole N/A 390,500 Northrop Grumman Corporation Common 666807102 12,757 194,556 SH Sole N/A 194,556 Old Republic International Corporation Common 680223104 17,797 1,403,559 SH Sole N/A 1,403,559 Omnicom Group Inc. Common 681919106 7,474 192,580 SH Sole N/A 192,580 Open Text Corporation Common 683715106 29,684 623,781 SH Sole N/A 623,781 Owens-Illinois Inc. Common 690768403 62 1,732 SH Sole N/A 1,732 Pan American Silver Corporation Common 697900108 9,694 420,777 SH Sole N/A 420,777 Peabody Energy Corporation Common 704549104 17,245 377,362 SH Sole N/A 377,362 Pengrowth Energy Trust Tr Unit 706902509 4,081 352,800 SH Sole N/A 352,800 PepsiCo Inc. Common 713448108 21,166 319,921 SH Sole N/A 319,921 Philip Morris International Inc. Common 718172109 22,765 436,445 SH Sole N/A 436,445 Pinnacle West Capital Corporation Common 723484101 57 1,506 SH Sole N/A 1,506 Pioneer Natural Resources Company Common 723787107 23,756 421,809 SH Sole N/A 421,809 Pitney Bowes Inc. Common 724479100 400 16,355 SH Sole N/A 16,355 Prudential Financial Inc. Common 744320102 84 1,391 SH Sole N/A 1,391 RadioShack Corporation Common 750438103 40,819 1,803,774 SH Sole N/A 1,803,774 Randgold Resources Limited ADR ADR 752344309 127,962 1,665,527 SH Sole N/A 1,665,527 Raytheon Company Common 755111507 9,748 170,667 SH Sole N/A 170,667 Research In Motion Limited Common 760975102 73,080 986,600 SH Sole N/A 986,600 Rogers Communications Inc. 'B' Class B 775109200 93,578 2,740,425 SH Sole N/A 2,740,425
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Royal Bank of Canada Common 780087102 113,745 1,944,043 SH Sole N/A 1,944,043 The Charles Schwab Corporation Common 808513105 16,889 903,632 SH Sole N/A 903,632 The Scotts Miracle-Gro Company 'A' Class A 810186106 5,859 126,400 SH Sole N/A 126,400 The Sherwin-Williams Company Common 824348106 17,853 263,790 SH Sole N/A 263,790 Silver Wheaton Corporation Common 828336107 11,491 731,900 SH Sole N/A 731,900 Simon Property Group Inc. Common 828806109 7,710 91,891 SH Sole N/A 91,891 Southwestern Energy Company Common 845467109 8,670 212,909 SH Sole N/A 212,909 Starbucks Corporation Common 855244109 59 2,429 SH Sole N/A 2,429 Sun Life Financial Inc. Common 866796105 59,547 1,851,658 SH Sole N/A 1,851,658 Suncor Energy Inc. Common 867224107 182,147 5,602,260 SH Sole N/A 5,602,260 SUPERVALU INC. Common 868536103 48 2,876 SH Sole N/A 2,876 The TJX Companies Inc. Common 872540109 67 1,570 SH Sole N/A 1,570 Taiwan Semiconductor Manufacturing Company Limited ADR ADR 874039100 1,609 153,400 SH Sole N/A 153,400 Teck Resources Limited 'B' Class B 878742204 43,114 989,815 SH Sole N/A 989,815 Temple-Inland Inc. Common 879868107 5,068 248,081 SH Sole N/A 248,081 Teradyne Inc. Common 880770102 37 3,268 SH Sole N/A 3,268 Teva Pharmaceutical Industries Limited ADR ADR 881624209 86,066 1,364,394 SH Sole N/A 1,364,394 Thompson Creek Metals Company Inc. Common 884768102 1,293 95,710 SH Sole N/A 95,710 Thomson Reuters Corporation Common 884903105 42,090 1,156,910 SH Sole N/A 1,156,910 Toronto-Dominion Bank Common 891160509 122,154 1,639,311 SH Sole N/A 1,639,311 TransGlobe Energy Corporation Common 893662106 2,137 366,800 SH Sole N/A 366,800 Tyson Foods Inc. 'A' Class A 902494103 78 4,097 SH Sole N/A 4,097 U.S. Bancorp Common 902973304 29,225 1,129,252 SH Sole N/A 1,129,252 Ultra Petroleum Corporation Common 903914109 11,385 244,162 SH Sole N/A 244,162 United Technologies Corporation Common 913017109 69 939 SH Sole N/A 939 Urban Outfitters Inc. Common 917047102 5,716 150,300 SH Sole N/A 150,300 Veeco Instruments Inc. Common 922417100 5,877 135,100 SH Sole N/A 135,100 Wal-Mart Stores Inc. Common 931142103 159 2,851 SH Sole N/A 2,851 Waters Corporation Common 941848103 66 981 SH Sole N/A 981 Western Digital Corporation Common 958102105 55 1,409 SH Sole N/A 1,409 The Western Union Company Common 959802109 39 2,284 SH Sole N/A 2,284 Whirlpool Corporation Common 963320106 51 582 SH Sole N/A 582 Whiting Petroleum Corporation Common 966387102 1,962 24,267 SH Sole N/A 24,267 The Williams Companies Inc. Common 969457100 23,276 1,007,619 SH Sole N/A 1,007,619 YUM! Brands Inc. Common 988498101 67 1,756 SH Sole N/A 1,756 The Dun & Bradstreet Corporation Common 26483E100 17,481 234,902 SH Sole N/A 234,902 Talisman Energy Inc. Common 87425E103 114,028 6,669,017 SH Sole N/A 6,669,017
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- AmerisourceBergen Corporation Common 03073E105 68 2,368 SH Sole N/A 2,368 Vale SA ADR ADR 91912E105 52,763 1,639,119 SH Sole N/A 1,639,119 Target Corporation Common 87612E106 107 2,040 SH Sole N/A 2,040 Dr. Pepper Snapple Group Inc. Common 26138E109 54 1,546 SH Sole N/A 1,546 The Travelers Companies Inc. Common 89417E109 103 1,906 SH Sole N/A 1,906 AT&T Inc. Common 00206R102 54,949 2,126,501 SH Sole N/A 2,126,501 Advantage Oil and Gas Limited Common 00765F101 2,497 368,642 SH Sole N/A 368,642 AECOM Technology Corporation Common 00766T100 18,287 644,603 SH Sole N/A 644,603 Agilent Technologies Inc. Common 00846U101 66 1,919 SH Sole N/A 1,919 Alexco Resource Corporation Common 01535P106 1,420 412,200 SH Sole N/A 412,200 Allegheny Technologies Inc. Common 01741R102 23,836 441,497 SH Sole N/A 441,497 Altria Group Inc. Common 02209S103 9,223 449,478 SH Sole N/A 449,478 America Movil SAB de CV 'L' ADR ADR 02364W105 46,763 928,948 SH Sole N/A 928,948 A123 Systems Inc. Common 03739T108 7,847 571,100 SH Sole N/A 571,100 Apartment Investment and Management Company 'A' Class A 03748R101 967 52,533 SH Sole N/A 52,533 Aurizon Mines Limited Common 05155P106 13,963 2,967,600 SH Sole N/A 2,967,600 BCE Inc. Common 05534B760 54,730 1,862,644 SH Sole N/A 1,862,644 Basic Energy Services Inc. Common 06985P100 793 102,800 SH Sole N/A 102,800 Cameco Corporation Common 13321L108 32,170 1,175,163 SH Sole N/A 1,175,163 Canadian Pacific Railway Limited Common 13645T100 7,415 131,600 SH Sole N/A 131,600 Capital Gold Corporation Common 14018Y205 3,045 880,000 SH Sole N/A 880,000 Cardiome Pharma Corporation Common 14159U202 12,843 1,947,281 SH Sole N/A 1,947,281 Celestica Inc. SubVtgsh 15101Q108 2,458 225,000 SH Sole N/A 225,000 Cenovus Energy Inc. Common 15135U109 83,076 3,181,166 SH Sole N/A 3,181,166 Cisco Systems Inc. Common 17275R102 33,813 1,299,015 SH Sole N/A 1,299,015 Cliffs Natural Resources Inc. Common 18683K101 10,677 150,487 SH Sole N/A 150,487 CombinatoRx Inc. Common 20010A103 2,671 2,244,939 SH Sole N/A 2,244,939 ConocoPhillips Common 20825C104 37,259 728,140 SH Sole N/A 728,140 Costco Wholesale Corporation Common 22160K105 24,722 414,036 SH Sole N/A 414,036 D.R. Horton Inc. Common 23331A109 16,518 1,310,979 SH Sole N/A 1,310,979 DaVita Inc. Common 23918K108 23,293 367,400 SH Sole N/A 367,400 Dell Inc. Common 24702R101 57 3,807 SH Sole N/A 3,807 Discovery Communications Inc. 'A' Class A 25470F104 17,684 523,343 SH Sole N/A 523,343 The DIRECTV Group Inc. 'A' Class A 25490A101 107 3,170 SH Sole N/A 3,170 DragonWave Inc. Common 26144M103 1,166 126,100 SH Sole N/A 126,100 Duke Energy Corporation Common 26441C105 31 1,900 SH Sole N/A 1,900 EOG Resources Inc. Common 26875P101 23,394 251,715 SH Sole N/A 251,715
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Eagle Materials Inc. Common 26969P108 3,725 140,346 SH Sole N/A 140,346 El Paso Corporation Common 28336L109 55 5,067 SH Sole N/A 5,067 Enbridge Inc. Common 29250N105 39,089 819,781 SH Sole N/A 819,781 Endeavour Silver Corporation Common 29258Y103 4,100 1,289,450 SH Sole N/A 1,289,450 Environmental Power Corporation Common 29406L201 94 447,500 SH Sole N/A 447,500 Equity Residential Properties Trust Sh benInt 29476L107 4,342 110,900 SH Sole N/A 110,900 Expedia Inc. Common 30212P105 49 1,961 SH Sole N/A 1,961 Exxon Mobil Corporation Common 30231G102 295 4,408 SH Sole N/A 4,408 FedEx Corporation Common 31428X106 126 1,346 SH Sole N/A 1,346 Fibria Celulose SA ADR Common 31573A109 7,824 357,600 SH Sole N/A 357,600 FirstService Corporation SubVtgsh 33761N109 10,645 466,118 SH Sole N/A 466,118 Freeport-McMoRan Copper & Gold I Common 35671D857 24,248 290,253 SH Sole N/A 290,253 Fronteer Development Group Inc. Common 35903Q106 1,047 204,100 SH Sole N/A 204,100 Genworth Financial Inc. 'A' Class A 37247D106 55 3,007 SH Sole N/A 3,007 GeoGlobal Resources Inc. Common 37249T109 695 439,800 SH Sole N/A 439,800 GlaxoSmithKline PLC ADR ADR 37733W105 15,516 402,799 SH Sole N/A 402,799 Gold Fields Limited ADR ADR 38059T106 7,889 625,107 SH Sole N/A 625,107 The Goldman Sachs Group Inc. Common 38141G104 140 820 SH Sole N/A 820 Gran Tierra Energy Inc. Common 38500T101 1,692 286,502 SH Sole N/A 286,502 CGI Group Inc. 'A' Class A 39945C109 31,188 2,084,450 SH Sole N/A 2,084,450 Grupo Televisa SAB ADR ADR 40049J206 36,640 1,743,083 SH Sole N/A 1,743,083 IESI-BFC Limited Common 44951D108 7,503 434,100 SH Sole N/A 434,100 Integrys Energy Group Inc. Common 45822P105 54 1,134 SH Sole N/A 1,134 Ivanhoe Mines Limited Common 46579N103 5,242 300,000 SH Sole N/A 300,000 JPMorgan Chase & Company Common 46625H100 51,384 1,148,253 SH Sole N/A 1,148,253 Jaguar Mining Inc. Common 47009M103 1,605 174,350 SH Sole N/A 174,350 KB Financial Group Inc. ADR ADR 48241A105 23,600 492,067 SH Sole N/A 492,067 KT Corporation ADR ADR 48268K101 30,883 1,487,620 SH Sole N/A 1,487,620 KB Home Common 48666K109 10,695 638,500 SH Sole N/A 638,500 Kimco Realty Corporation Common 49446R109 931 59,500 SH Sole N/A 59,500 Kobex Minerals Inc. Common 49989C105 314 342,553 SH Sole N/A 342,553 Kraft Foods Inc. 'A' Class A 50075N104 9,221 304,943 SH Sole N/A 304,943 Laboratory Corporation of America Holdings Common 50540R409 19,975 263,831 SH Sole N/A 263,831 Lawson Software Inc. Common 52078P102 2,115 320,000 SH Sole N/A 320,000 Life Technologies Corporation Common 53217V109 55 1,053 SH Sole N/A 1,053 Macy's Inc. Common 55616P104 61 2,813 SH Sole N/A 2,813 MAG Silver Corporation Common 55903Q104 3,357 442,903 SH Sole N/A 442,903 Manulife Financial Corporation Common 56501R106 122,145 6,191,939 SH Sole N/A 6,191,939 Merck & Company Inc. Common 58933Y105 46,400 1,242,300 SH Sole N/A 1,242,300
TITLE OF MARKET VALUE SHARES OR SH/ INVESTMENT OTHER VOTING AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) PRN AMOUNT PRN DISCRETION MANAGERS SOLE - ------------------------------- -------- ----- ------------ ---------- --- ---------- -------- ---- Methanex Corporation Common 59151K108 7,815 322,731 SH Sole N/A 322,731 MetLife Inc. Common 59156R108 29,607 683,127 SH Sole N/A 683,127 Monsanto Company Common 61166W101 6,381 89,349 SH Sole N/A 89,349 NetApp Inc. Common 64110D104 62 1,919 SH Sole N/A 1,919 Netflix Inc. Common 64110L106 21,714 294,466 SH Sole N/A 294,466 Nevsun Resources Limited Common 64156L101 2,824 949,900 SH Sole N/A 949,900 Nexen Inc. Common 65334H102 37,963 1,534,691 SH Sole N/A 1,534,691 Novabay Pharmaceuticals Inc. Common 66987P102 1,272 578,300 SH Sole N/A 578,300 Oracle Corporation Common 68389X105 158 6,147 SH Sole N/A 6,147 PG&E Corporation Common 69331C108 12,803 301,825 SH Sole N/A 301,825 Panera Bread Company 'A' Class A 69840W108 10,326 135,002 SH Sole N/A 135,002 Petroleo Brasileiro SA - Petrobras ADR ADR 71654V408 5,682 127,703 SH Sole N/A 127,703 Potash Corporation of Saskatchewan Inc. Common 73755L107 51,369 430,294 SH Sole N/A 430,294 T.Rowe Price Group Inc. Common 74144T108 9,145 348,536 SH Sole N/A 348,536 Provident Energy Trust Tr Unit 74386K104 2,715 350,000 SH Sole N/A 350,000 Public Storage Inc. Common 74460D109 1,398 15,200 SH Sole N/A 15,200 Quest Capital Corporation Common 74835U109 1,346 1,036,000 SH Sole N/A 1,036,000 Quicksilver Resources Inc. Common 74837R104 4,386 311,754 SH Sole N/A 311,754 SLM Corporation Common 78442P106 46 3,645 SH Sole N/A 3,645 SPDR Gold Trust Shs 78463V107 11,024 101,182 SH Sole N/A 101,182 SXC Health Solutions Corporation Common 78505P100 41,085 606,930 SH Sole N/A 606,930 SanDisk Corporation Common 80004C101 60 1,726 SH Sole N/A 1,726 Solitario Exploration & Royalty Corporation Common 8342EP107 1,106 535,200 SH Sole N/A 535,200 Stantec Inc. Common 85472N109 14,241 547,806 SH Sole N/A 547,806 SunOpta Inc. Common 8676EP108 4,136 996,784 SH Sole N/A 996,784 Tenaris SA ADR ADR 88031M109 53,006 1,234,429 SH Sole N/A 1,234,429 Tenet Healthcare Corporation Common 88033G100 46 7,993 SH Sole N/A 7,993 Teradata Corporation Common 88076W103 11,090 383,858 SH Sole N/A 383,858 3M Company Common 88579Y101 2,842 34,008 SH Sole N/A 34,008 Tim Hortons Inc. Common 88706M103 17,383 534,155 SH Sole N/A 534,155 TransCanada Corporation Common 89353D107 26 700 SH Sole N/A 700 UnitedHealth Group Inc. Common 91324P102 108 3,299 SH Sole N/A 3,299 Unum Group Common 91529Y106 14,603 589,539 SH Sole N/A 589,539 Visa Inc. 'A' Class A 92826C839 8,278 90,934 SH Sole N/A 90,934 Waste Management Inc. Common 94106L109 19,114 555,159 SH Sole N/A 555,159 WellPoint Inc. Common 94973V107 109 1,698 SH Sole N/A 1,698 XTO Energy Inc. Common 98385X106 13,419 284,418 SH Sole N/A 284,418 Yamana Gold Inc. Common 98462Y100 51,861 5,242,357 SH Sole N/A 5,242,357 --------- ----------- 5,088,842 182,700,353 ========= ===========
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