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