0000894579-11-000179.txt : 20110513 0000894579-11-000179.hdr.sgml : 20110513 20110513133201 ACCESSION NUMBER: 0000894579-11-000179 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 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: 11839557 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 agf13fhr051211.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, 2011 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 13, 2011 ------------------- --------------- ------------ (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: 260 Form 13F Information Table Value Total: US$ 6,205,549 (thousands) List of Other Included Managers: None
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- 3M COMPANY COMMON 88579Y101 1,619 17,321 SH SOLE N/A 17,321 ACE LIMITED SHS H0023R105 40,712 629,260 SH SOLE N/A 629,260 ADVANTAGE OIL AND GAS LIMITED COMMON 00765F101 10,486 1,170,842 SH SOLE N/A 1,170,842 AEROPOSTALE INC. COMMON 007865108 4,742 195,000 SH SOLE N/A 195,000 AGCO CORPORATION COMMON 001084102 23,037 419,096 SH SOLE N/A 419,096 AGNICO-EAGLE MINES LIMITED COMMON 008474108 64,231 968,126 SH SOLE N/A 968,126 ALLEGHENY TECHNOLOGIES INC. COMMON 01741R102 8,817 130,200 SH SOLE N/A 130,200 ALLIED NEVADA GOLD CORPORATION COMMON 019344100 29,964 844,665 SH SOLE N/A 844,665 ALTRIA GROUP INC. COMMON 02209S103 22,729 873,207 SH SOLE N/A 873,207 AMAZON.COM INC. COMMON 023135106 24,148 134,059 SH SOLE N/A 134,059 AMERICA MOVIL SAB DE CV 'L' ADR ADR 02364W105 63,360 1,090,534 SH SOLE N/A 1,090,534 AMERICAN TOWER CORPORATION 'A' CLASS A 029912201 13,576 261,974 SH SOLE N/A 261,974 AMERICAN WATER WORKS COMPANY INC. COMMON 030420103 15,498 552,516 SH SOLE N/A 552,516 AMERIPRISE FINANCIAL INC. COMMON 03076C106 11,177 183,000 SH SOLE N/A 183,000 ANGLOGOLD ASHANTI LIMITED ADR ADR 035128206 14,102 294,109 SH SOLE N/A 294,109 ANNALY CAPITAL MANAGEMENT INC. COMMON 035710409 635 36,400 SH SOLE N/A 36,400 APARTMENT INVESTMENT AND MANAGEMENT COMPANY 'A' COMMON 03748R101 1,240 48,711 SH SOLE N/A 48,711 APPLE INC. COMMON 037833100 57,035 163,684 SH SOLE N/A 163,684 ARCHER DANIELS MIDLAND COMPANY COMMON 039483102 21,743 603,800 SH SOLE N/A 603,800 ARM HOLDINGS PLC ADR ADR 042068106 7,865 279,200 SH SOLE N/A 279,200 ASCENA RETAIL GROUP INC. COMMON 04351G101 3,241 100,000 SH SOLE N/A 100,000 AT&T INC. COMMON 00206R102 97,313 3,180,177 SH SOLE N/A 3,180,177 AUGUSTA RESOURCE CORPORATION COMMON 050912203 4,311 852,826 SH SOLE N/A 852,826 AURIZON MINES LIMITED COMMON 05155P106 17,241 2,455,700 SH SOLE N/A 2,455,700 AVALON RARE METALS INC. COMMON 053470100 3,818 474,300 SH SOLE N/A 474,300 AVALONBAY COMMUNITIES INC. COMMON 053484101 2,662 22,173 SH SOLE N/A 22,173 AVON PRODUCTS INC. COMMON 054303102 2,974 110,000 SH SOLE N/A 110,000 BANK OF AMERICA CORPORATION COMMON 060505104 45,771 3,433,643 SH SOLE N/A 3,433,643 BANK OF MONTREAL COMMON 063671101 45,857 707,300 SH SOLE N/A 707,300 BANK OF NOVA SCOTIA COMMON 064149107 140,756 2,298,398 SH SOLE N/A 2,298,398 BANKUNITED INC. COMMON 06652K103 398 13,848 SH SOLE N/A 13,848 BARRICK GOLD CORPORATION COMMON 067901108 66,063 1,273,380 SH SOLE N/A 1,273,380 BCE INC. COMMON 05534B760 27,356 754,500 SH SOLE N/A 754,500 BOSTON PROPERTIES INC. COMMON 101121101 6,443 67,935 SH SOLE N/A 67,935 BP PLC ADR ADR 055622104 2,887 65,410 SH SOLE N/A 65,410 BRISTOL-MYERS SQUIBB COMPANY COMMON 110122108 9,721 367,793 SH SOLE N/A 367,793 BROADCOM CORPORATION 'A' CLASS A 111320107 6,418 162,967 SH SOLE N/A 162,967 BROOKFIELD ASSET MANAGEMENT INC. 'A CLASS A 112585104 47,183 1,454,602 SH SOLE N/A 1,454,602 BROOKFIELD PROPERTIES CORPORATION COMMON 112900105 17,810 1,007,668 SH SOLE N/A 1,007,668 CAE INC. COMMON 124765108 8,088 610,000 SH SOLE N/A 610,000 CAMECO CORPORATION COMMON 13321L108 43,718 1,456,406 SH SOLE N/A 1,456,406
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- CANADIAN IMPERIAL BANK OF COMMERCE COMMON 136069101 85,363 991,910 SH SOLE N/A 991,910 CANADIAN NATIONAL RAILWAY COMPANY COMMON 136375102 57,790 767,424 SH SOLE N/A 767,424 CANADIAN NATURAL RESOURCES LIMITED COMMON 136385101 99,233 2,010,764 SH SOLE N/A 2,010,764 CARDIOME PHARMA CORPORATION COMMON 14159U202 7,943 1,872,797 SH SOLE N/A 1,872,797 CAVCO INDUSTRIES INC. COMMON 149568107 3,798 84,130 SH SOLE N/A 84,130 CENOVUS ENERGY INC. COMMON 15135U109 119,310 3,026,111 SH SOLE N/A 3,026,111 CENTRAL FUND OF CANADA LIMITED 'A' CLASS A 153501101 70,716 3,163,725 SH SOLE N/A 3,163,725 CENTURYLINK INC. COMMON 156700106 1,060 25,500 SH SOLE N/A 25,500 CERNER CORPORATION COMMON 156782104 23,219 208,800 SH SOLE N/A 208,800 CGI GROUP INC. 'A' CLASS A 39945C109 52,442 2,505,773 SH SOLE N/A 2,505,773 CHIPOTLE MEXICAN GRILL INC. COMMON 169656105 7,349 26,981 SH SOLE N/A 26,981 CISCO SYSTEMS INC. COMMON 17275R102 15,749 918,300 SH SOLE N/A 918,300 CLAUDE RESOURCES INC. COMMON 182873109 2,328 942,100 SH SOLE N/A 942,100 CLIFFS NATURAL RESOURCES INC. COMMON 18683K101 22,722 231,201 SH SOLE N/A 231,201 COLGATE-PALMOLIVE COMPANY COMMON 194162103 1,147 14,200 SH SOLE N/A 14,200 COMPANIA DE MINAS BUENAVENTURA SA ADR ADR 204448104 69,127 1,608,712 SH SOLE N/A 1,608,712 CONCHO RESOURCES INC. COMMON 20605P101 19,102 178,032 SH SOLE N/A 178,032 CONOCOPHILLIPS COMMON 20825C104 48,568 608,170 SH SOLE N/A 608,170 CONTINENTAL RESOURCES INC. COMMON 212015101 7,431 103,975 SH SOLE N/A 103,975 CORNING INC. COMMON 219350105 27,423 1,329,287 SH SOLE N/A 1,329,287 COSTCO WHOLESALE CORPORATION COMMON 22160K105 30,628 417,735 SH SOLE N/A 417,735 CREE INC. COMMON 225447101 9,657 209,197 SH SOLE N/A 209,197 CVS CAREMARK CORPORATION COMMON 126650100 27,243 793,800 SH SOLE N/A 793,800 D.R. HORTON INC. COMMON 23331A109 13,344 1,145,414 SH SOLE N/A 1,145,414 DAVITA INC. COMMON 23918K108 22,711 265,600 SH SOLE N/A 265,600 DEVON ENERGY CORPORATION COMMON 25179M103 6,722 73,250 SH SOLE N/A 73,250 DIAMOND FOODS INC. COMMON 252603105 8,285 148,477 SH SOLE N/A 148,477 DIAMOND OFFSHORE DRILLING INC. COMMON 25271C102 17,125 220,400 SH SOLE N/A 220,400 DISCOVERY COMMUNICATIONS INC. 'A' CLASS A 25470F104 20,922 524,371 SH SOLE N/A 524,371 DUKE ENERGY CORPORATION COMMON 26441C105 34 1,900 SH SOLE N/A 1,900 EAGLE MATERIALS INC. COMMON 26969P108 10,198 337,031 SH SOLE N/A 337,031 ELDORADO GOLD CORPORATION COMMON 284902103 138,496 8,509,553 SH SOLE N/A 8,509,553 EMC CORPORATION COMMON 268648102 18,176 684,600 SH SOLE N/A 684,600 ENBRIDGE INC. COMMON 29250N105 45,378 741,841 SH SOLE N/A 741,841 ENCANA CORPORATION COMMON 292505104 96,991 2,809,946 SH SOLE N/A 2,809,946 ENDEAVOUR SILVER CORPORATION COMMON 29258Y103 11,689 1,195,250 SH SOLE N/A 1,195,250 EOG RESOURCES INC. COMMON 26875P101 24 200 SH SOLE N/A 200 EQUITY RESIDENTIAL SH BENINT 29476L107 5,272 93,457 SH SOLE N/A 93,457 EXELON CORPORATION COMMON 30161N101 18,719 453,900 SH SOLE N/A 453,900 EXETER RESOURCE CORPORATION COMMON 301835104 2,703 508,721 SH SOLE N/A 508,721 EXPRESS SCRIPTS INC. COMMON 302182100 20,670 371,700 SH SOLE N/A 371,700 EXTORRE GOLD MINES LIMITED COMMON 30227B109 4,000 675,700 SH SOLE N/A 675,700 EXXON MOBIL CORPORATION COMMON 30231G102 33,336 396,246 SH SOLE N/A 396,246
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- F5 NETWORKS INC. COMMON 315616102 19,585 190,937 SH SOLE N/A 190,937 FIRSTENERGY CORPORATION COMMON 337932107 7,692 207,400 SH SOLE N/A 207,400 FIRSTSERVICE CORPORATION SUBVTGSH 33761N109 16,281 430,929 SH SOLE N/A 430,929 FLOWERS FOODS INC. COMMON 343498101 1,171 43,000 SH SOLE N/A 43,000 FLUOR CORPORATION COMMON 343412102 7,189 97,600 SH SOLE N/A 97,600 FOMENTO ECONOMICO MEXICANO SABDE CV ADR ADR 344419106 17,334 295,322 SH SOLE N/A 295,322 FOREST OIL CORPORATION COMMON 346091705 4,029 106,500 SH SOLE N/A 106,500 FORESTAR GROUP INC. COMMON 346233109 6,830 359,069 SH SOLE N/A 359,069 FRANCE TELECOM SA ADR ADR 35177Q105 6,213 276,000 SH SOLE N/A 276,000 FREEPORT-MCMORAN COPPER & GOLDC. COMMON 35671D857 70,932 1,276,901 SH SOLE N/A 1,276,901 FRONTEER GOLD INC. COMMON 359032109 7,496 496,700 SH SOLE N/A 496,700 FRONTIER COMMUNICATIONS CORPORON COMMON 35906A108 474 57,609 SH SOLE N/A 57,609 GENERAL ELECTRIC COMPANY COMMON 369604103 1,439 71,771 SH SOLE N/A 71,771 GEOGLOBAL RESOURCES INC. COMMON 37249T109 291 439,800 SH SOLE N/A 439,800 GLAXOSMITHKLINE PLC ADR ADR 37733W105 11,054 287,799 SH SOLE N/A 287,799 GOLD FIELDS LIMITED ADR ADR 38059T106 4,278 244,998 SH SOLE N/A 244,998 GOLDCORP INC. COMMON 380956409 189,117 3,799,774 SH SOLE N/A 3,799,774 GOLDCORP INC. WARRANTS 'G' JUNE 9, 2011 W EXP 06.09.11 380956177 284 73,648 SH SOLE N/A 73,648 GOLDEN MINERALS COMPANY COMMON 381119106 6,531 297,400 SH SOLE N/A 297,400 GRAN TIERRA ENERGY INC. COMMON 38500T101 2,306 286,502 SH SOLE N/A 286,502 GREAT BASIN GOLD LIMITED COMMON 390124105 3,910 1,489,470 SH SOLE N/A 1,489,470 H&R BLOCK INC. COMMON 093671105 14,038 838,600 SH SOLE N/A 838,600 HANSEN NATURAL CORPORATION COMMON 411310105 15,551 258,200 SH SOLE N/A 258,200 HARRY WINSTON DIAMOND CORPORATION COMMON 41587B100 2,445 152,029 SH SOLE N/A 152,029 HONEYWELL INTERNATIONAL INC. COMMON 438516106 46,648 781,248 SH SOLE N/A 781,248 HUDBAY MINERALS INC. COMMON 443628102 9,033 555,752 SH SOLE N/A 555,752 IAMGOLD CORPORATION COMMON 450913108 71,634 3,256,229 SH SOLE N/A 3,256,229 IESI-BFC LIMITED COMMON 44951D108 6,846 269,900 SH SOLE N/A 269,900 IHS INC. 'A' CLASS A 451734107 10,490 118,193 SH SOLE N/A 118,193 IMRIS INC. COMMON 45322N105 5,094 701,110 SH SOLE N/A 701,110 INFOSYS TECHNOLOGIES LIMITED ADR ADR 456788108 60,405 842,468 SH SOLE N/A 842,468 INTEL CORPORATION COMMON 458140100 26,536 1,315,660 SH SOLE N/A 1,315,660 INTERNATIONAL BUSINESS MACHINES CORPORATION COMMON 459200101 59,237 363,266 SH SOLE N/A 363,266 INVESCO LIMITED SHS G491BT108 18,465 722,463 SH SOLE N/A 722,463 ISHARES MSCI GERMANY INDEX FUND MSCI GERMANY 464286806 34,821 1,341,854 SH SOLE N/A 1,341,854 ISHARES MSCI ITALY INDEX FUND MSCI ITALY 464286855 25,611 1,378,391 SH SOLE N/A 1,378,391 ISHARES MSCI JAPAN INDEX FUND MSCI JAPAN 464286848 27,011 2,619,829 SH SOLE N/A 2,619,829 ISHARES MSCI NETHERLANDS INVESTE MSCI MARKET INDEX FUND NETHERLANDS 464286814 13,473 584,514 SH SOLE N/A 584,514 IVANHOE MINES LIMITED COMMON 46579N103 8,467 309,347 SH SOLE N/A 309,347 JDS UNIPHASE CORPORATION COMMON 46612J507 36,876 1,769,500 SH SOLE N/A 1,769,500 JOHNSON & JOHNSON COMMON 478160104 1,646 27,772 SH SOLE N/A 27,772 JPMORGAN CHASE & COMPANY COMMON 46625H100 75,975 1,648,062 SH SOLE N/A 1,648,062 KB FINANCIAL GROUP INC. ADR ADR 48241A105 20,401 391,046 SH SOLE N/A 391,046
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- KB HOME COMMON 48666K109 7,520 604,500 SH SOLE N/A 604,500 KEEGAN RESOURCES INC. COMMON 487275109 10,763 1,237,259 SH SOLE N/A 1,237,259 KIMCO REALTY CORPORATION COMMON 49446R109 1,126 61,408 SH SOLE N/A 61,408 KINDER MORGAN ENERGY PARTNERS LIMITED PARTNERSHIP UNITS 494550106 1,001 13,510 SH SOLE N/A 13,510 KINROSS GOLD CORPORATION COMMON 496902404 39,699 2,523,749 SH SOLE N/A 2,523,749 KRAFT FOODS INC. 'A' CLASS A 50075N104 19,882 634,016 SH SOLE N/A 634,016 KT CORPORATION ADR ADR 48268K101 22,482 1,151,120 SH SOLE N/A 1,151,120 LABORATORY CORPORATION OF AMERICA HOLDINGS COMMON 50540R409 7,104 77,107 SH SOLE N/A 77,107 LAWSON SOFTWARE INC. COMMON 52078P102 2,057 170,000 SH SOLE N/A 170,000 LAZARD LIMITED 'A' CLASS A G54050102 23,415 563,138 SH SOLE N/A 563,138 LA-Z-BOY INC. COMMON 505336107 7,694 805,635 SH SOLE N/A 805,635 LINCOLN NATIONAL CORPORATION COMMON 534187109 10,190 339,245 SH SOLE N/A 339,245 LORILLARD INC. COMMON 544147101 8,760 92,200 SH SOLE N/A 92,200 LULULEMON ATHLETICA INC. COMMON 550021109 17,712 198,900 SH SOLE N/A 198,900 MAG SILVER CORPORATION COMMON 55903Q104 2,650 222,500 SH SOLE N/A 222,500 MANULIFE FINANCIAL CORPORATION COMMON 56501R106 53,796 3,041,877 SH SOLE N/A 3,041,877 MCDONALD'S CORPORATION COMMON 580135101 1,332 17,500 SH SOLE N/A 17,500 MEDTRONIC INC. COMMON 585055106 1,141 29,000 SH SOLE N/A 29,000 MERCK & COMPANY INC. COMMON 58933Y105 42,351 1,283,000 SH SOLE N/A 1,283,000 METHANEX CORPORATION COMMON 59151K108 8,573 276,331 SH SOLE N/A 276,331 METLIFE INC. COMMON 59156R108 29,215 653,162 SH SOLE N/A 653,162 MICROCHIP TECHNOLOGY INC. COMMON 595017104 1,216 32,000 SH SOLE N/A 32,000 MINDRAY MEDICAL INTERNATIONAL LIMITED ADR ADR 602675100 4,614 183,100 SH SOLE N/A 183,100 MINEFINDERS CORPORATION LIMITED COMMON 602900102 6,242 474,016 SH SOLE N/A 474,016 MOLEX INC. COMMON 608554101 1,042 41,500 SH SOLE N/A 41,500 MOODY'S CORPORATION COMMON 615369105 28,517 840,955 SH SOLE N/A 840,955 MOUNTAIN PROVINCE DIAMONDS INC. COMMON 62426E402 2,412 393,831 SH SOLE N/A 393,831 NATIONAL RETAIL PROPERTIES INC. COMMON 637417106 4,639 177,529 SH SOLE N/A 177,529 NETFLIX INC. COMMON 64110L106 29,124 122,716 SH SOLE N/A 122,716 NEVSUN RESOURCES LIMITED COMMON 64156L101 1,706 301,400 SH SOLE N/A 301,400 NEW GOLD INC. COMMON 644535106 8,907 758,279 SH SOLE N/A 758,279 NEWMONT MINING CORPORATION COMMON 651639106 32,479 595,095 SH SOLE N/A 595,095 NEXEN INC. COMMON 65334H102 22,376 899,326 SH SOLE N/A 899,326 NEXTERA ENERGY INC. COMMON 65339F101 9,469 171,787 SH SOLE N/A 171,787 NORTH AMERICAN PALLADIUM LIMITED COMMON 656912102 7,419 1,134,925 SH SOLE N/A 1,134,925 NORTHROP GRUMMAN CORPORATION COMMON 666807102 23,253 370,806 SH SOLE N/A 370,806 NOVABAY PHARMACEUTICALS INC. COMMON 66987P102 1,214 541,925 SH SOLE N/A 541,925 OLD REPUBLIC INTERNATIONAL CORPORATION COMMON 680223104 15,824 1,246,958 SH SOLE N/A 1,246,958 OMNICOM GROUP INC. COMMON 681919106 22,425 457,113 SH SOLE N/A 457,113 OMNIVISION TECHNOLOGIES INC. COMMON 682128103 8,179 230,200 SH SOLE N/A 230,200 ONCOLYTICS BIOTECH INC. COMMON 682310107 838 144,000 SH SOLE N/A 144,000 OPEN TEXT CORPORATION COMMON 683715106 36,746 591,313 SH SOLE N/A 591,313 OWENS & MINOR INC. COMMON 690732102 1,108 34,100 SH SOLE N/A 34,100
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- PAN AMERICAN SILVER CORPORATION COMMON 697900108 13,937 375,877 SH SOLE N/A 375,877 PATTERSON-UTI ENERGY INC. COMMON 703481101 3,515 119,600 SH SOLE N/A 119,600 PAYCHEX INC. COMMON 704326107 147 4,700 SH SOLE N/A 4,700 PEABODY ENERGY CORPORATION COMMON 704549104 17,083 237,400 SH SOLE N/A 237,400 PENGROWTH ENERGY CORPORATION COMMON 70706P104 11,065 801,499 SH SOLE N/A 801,499 PERFECT WORLD COMPANY LIMITED ADR ADR 71372U104 4,363 206,000 SH SOLE N/A 206,000 PETROLEO BRASILEIRO SA - PETROBRAS ADR ADR 71654V408 8,212 203,133 SH SOLE N/A 203,133 PG&E CORPORATION COMMON 69331C108 1,215 27,500 SH SOLE N/A 27,500 PHILIP MORRIS INTERNATIONAL INC. COMMON 718172109 29,588 450,835 SH SOLE N/A 450,835 PIONEER NATURAL RESOURCES COMPANY COMMON 723787107 8,968 87,993 SH SOLE N/A 87,993 PNC FINANCIAL SERVICES GROUP INC. COMMON 693475105 19,325 306,800 SH SOLE N/A 306,800 POTASH CORPORATION OF SASKATCHEWAN INC. COMMON 73755L107 49,671 843,695 SH SOLE N/A 843,695 PRECISION DRILLING CORPORATION COMMON 74022D308 18,310 1,353,597 SH SOLE N/A 1,353,597 PRIMERICA INC. COMMON 74164M108 15,224 596,793 SH SOLE N/A 596,793 PROVIDENT ENERGY LIMITED COMMON 74386V100 4,651 500,300 SH SOLE N/A 500,300 PUBLIC STORAGE INC. COMMON 74460D109 1,776 16,014 SH SOLE N/A 16,014 QUALCOMM INC. COMMON 747525103 29,954 546,300 SH SOLE N/A 546,300 QUATERRA RESOURCES INC. COMMON 747952109 1,766 1,079,000 SH SOLE N/A 1,079,000 RADIOSHACK CORPORATION COMMON 750438103 23,101 1,539,000 SH SOLE N/A 1,539,000 RANDGOLD RESOURCES LIMITED ADR ADR 752344309 95,674 1,173,338 SH SOLE N/A 1,173,338 RESEARCH IN MOTION LIMITED COMMON 760975102 88,515 1,568,243 SH SOLE N/A 1,568,243 ROBERT HALF INTERNATIONAL INC. COMMON 770323103 6,475 211,600 SH SOLE N/A 211,600 ROGERS COMMUNICATIONS INC. 'B' CLASS B 775109200 67,384 1,857,493 SH SOLE N/A 1,857,493 ROYAL BANK OF CANADA COMMON 780087102 07,698 1,743,957 SH SOLE N/A 1,743,957 ROYAL CARIBBEAN CRUISES LIMITED COMMON V7780T103 17,918 434,273 SH SOLE N/A 434,273 SALESFORCE.COM INC. COMMON 79466L302 6,171 46,200 SH SOLE N/A 46,200 SHAW COMMUNICATIONS INC. 'B' CLASS B 82028K200 10,064 478,300 SH SOLE N/A 478,300 SILVER WHEATON CORPORATION COMMON 828336107 32,027 738,637 SH SOLE N/A 738,637 SIMON PROPERTY GROUP INC. COMMON 828806109 8,588 80,137 SH SOLE N/A 80,137 SINA CORPORATION COMMON G81477104 8,456 79,000 SH SOLE N/A 79,000 SKYWORKS SOLUTIONS INC. COMMON 83088M102 18,443 568,872 SH SOLE N/A 568,872 SMART TECHNOLOGIES INC. 'A' CLASS A SUBVTGSHS 83172R108 3,042 290,000 SH SOLE N/A 290,000 SOLITARIO EXPLORATION & ROYALTY CORPORATION COMMON 8342EP107 1,871 529,900 SH SOLE N/A 529,900 SOUTHERN COPPER CORPORATION COMMON 84265V105 41,930 1,041,226 SH SOLE N/A 1,041,226 SOUTHWESTERN ENERGY COMPANY COMMON 845467109 5,348 124,460 SH SOLE N/A 124,460 SPDR GOLD TRUST SHS 78463V107 14,147 101,182 SH SOLE N/A 101,182 SPROTT RESOURCE LENDING CORPORATION COMMON 85207J100 1,778 970,646 SH SOLE N/A 970,646 STANTEC INC. COMMON 85472N109 14,663 490,844 SH SOLE N/A 490,844 STERIS CORPORATION COMMON 859152100 1,085 31,400 SH SOLE N/A 31,400 STILLWATER MINING COMPANY COMMON 86074Q102 2,897 126,326 SH SOLE N/A 126,326 SUN LIFE FINANCIAL INC. COMMON 866796105 37,547 1,197,022 SH SOLE N/A 1,197,022 SUNCOR ENERGY INC. COMMON 867224107 201,754 4,507,476 SH SOLE N/A 4,507,476 SUNOPTA INC. COMMON 8676EP108 7,063 951,810 SH SOLE N/A 951,810
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- SUPERVALU INC. COMMON 868536103 2,969 332,485 SH SOLE N/A 332,485 SXC HEALTH SOLUTIONS CORPORATION COMMON 78505P100 44,779 822,592 SH SOLE N/A 822,592 SYSCO CORPORATION COMMON 871829107 931 33,600 SH SOLE N/A 33,600 T.ROWE PRICE GROUP INC. COMMON 74144T108 25,753 387,747 SH SOLE N/A 387,747 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED ADR ADR 874039100 3,914 321,319 SH SOLE N/A 321,319 TALISMAN ENERGY INC. COMMON 87425E103 145,345 5,890,316 SH SOLE N/A 5,890,316 TD AMERITRADE HOLDING CORPORATION COMMON 87236Y108 9,892 473,975 SH SOLE N/A 473,975 TECK RESOURCES LIMITED 'B' CLASS B 878742204 42,120 796,204 SH SOLE N/A 796,204 TEEKAY CORPORATION COMMON Y8564W103 2,829 76,601 SH SOLE N/A 76,601 TEMPLE-INLAND INC. COMMON 879868107 11,235 480,131 SH SOLE N/A 480,131 TENARIS SA ADR ADR 88031M109 81,753 1,652,910 SH SOLE N/A 1,652,910 TEVA PHARMACEUTICAL INDUSTRIES LIMITED ADR ADR 881624209 76,858 1,531,978 SH SOLE N/A 1,531,978 TEXAS INSTRUMENTS INC. COMMON 882508104 1,109 32,100 SH SOLE N/A 32,100 THE ALLSTATE CORPORATION COMMON 020002101 33,203 1,044,787 SH SOLE N/A 1,044,787 THE BOEING COMPANY COMMON 097023105 32,611 441,107 SH SOLE N/A 441,107 THE CASH STORE FINANCIAL SERVICES INC. COMMON 14756F103 652 45,300 SH SOLE N/A 45,300 THE CHARLES SCHWAB CORPORATION COMMON 808513105 21,502 1,192,539 SH SOLE N/A 1,192,539 THE CLOROX COMPANY COMMON 189054109 1,261 18,000 SH SOLE N/A 18,000 THE DUN & BRADSTREET CORPORATION COMMON 26483E100 33,333 415,420 SH SOLE N/A 415,420 THE ESTEE LAUDER COMPANIES INC. 'A' CLASS A 518439104 18,862 195,746 SH SOLE N/A 195,746 THE HARTFORD FINANCIAL SERVICES GROUP INC. COMMON 416515104 38,322 1,423,006 SH SOLE N/A 1,423,006 THE MOSAIC COMPANY COMMON 61945A107 18,238 231,600 SH SOLE N/A 231,600 THE WILLIAMS COMPANIES INC. COMMON 969457100 61,940 1,986,551 SH SOLE N/A 1,986,551 THOMPSON CREEK METALS COMPANY INC. COMMON 884768102 3,928 314,100 SH SOLE N/A 314,100 THOMSON REUTERS CORPORATION COMMON 884903105 24,449 624,173 SH SOLE N/A 624,173 TIM HORTONS INC. COMMON 88706M103 17,041 376,455 SH SOLE N/A 376,455 TORONTO-DOMINION BANK COMMON 891160509 161,256 1,825,704 SH SOLE N/A 1,825,704 TRACTOR SUPPLY COMPANY COMMON 892356106 25,038 418,283 SH SOLE N/A 418,283 TRANSALTA CORPORATION COMMON 89346D107 7,548 358,700 SH SOLE N/A 358,700 TRANSCANADA CORPORATION COMMON 89353D107 28 700 SH SOLE N/A 700 TRANSGLOBE ENERGY CORPORATION COMMON 893662106 3,895 257,028 SH SOLE N/A 257,028 TRIANGLE PETROLEUM CORPORATION COMMON 89600B201 591 71,150 SH SOLE N/A 71,150 U.S. BANCORP COMMON 902973304 5,022 190,000 SH SOLE N/A 190,000 U.S. GEOTHERMAL INC. (RSTRCTD 1933 ACT) COMMON 90338S102 5,754 5,230,346 SH SOLE N/A 5,230,346 ULTRA PETROLEUM CORPORATION COMMON 903914109 9,168 186,139 SH SOLE N/A 186,139 UNUM GROUP COMMON 91529Y106 33,520 1,276,982 SH SOLE N/A 1,276,982 VALE SA ADR ADR 91912E105 65,442 1,962,297 SH SOLE N/A 1,962,297 VERIZON COMMUNICATIONS INC. COMMON 92343V104 8,236 213,700 SH SOLE N/A 213,700 WALTER ENERGY INC. COMMON 93317Q105 5,796 42,800 SH SOLE N/A 42,800 WASTE MANAGEMENT INC. COMMON 94106L109 44,877 1,201,909 SH SOLE N/A 1,201,909 WELLS FARGO & COMPANY COMMON 949746101 10,600 334,400 SH SOLE N/A 334,400 WESTERN COPPER CORPORATION COMMON 95805Y102 6,657 1,995,908 SH SOLE N/A 1,995,908 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION COMMON 929740108 10,995 162,100 SH SOLE N/A 162,100
MARKET SHARES VOTING VALUE OR PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (x1000 USD) AMOUNT PRN DISCRETION MANAGERS SOLE ------------------------------------ ------ --------- ----------- --------- --- ---------- -------- --------- WHITING PETROLEUM CORPORATION COMMON 966387102 3,511 47,794 SH SOLE N/A 47,794 WHOLE FOODS MARKET INC. COMMON 966837106 21,318 323,500 SH SOLE N/A 323,500 YAMANA GOLD INC. COMMON 98462Y100 53,816 4,363,565 SH SOLE N/A 4,363,565 ZALICUS INC. COMMON 98887C105 1,004 414,942 SH SOLE N/A 414,942 6,205,549 196,430,571