0000894579-13-000012.txt : 20130117
0000894579-13-000012.hdr.sgml : 20130117
20130117120539
ACCESSION NUMBER: 0000894579-13-000012
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130117
DATE AS OF CHANGE: 20130117
EFFECTIVENESS DATE: 20130117
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: 13534133
BUSINESS ADDRESS:
STREET 1: TORONTO-DOMINION BANK TOWER
STREET 2: 66 WELLINGTON STREET WEST, 31ST FLOOR
CITY: TORONTO
STATE: A6
ZIP: M5K 1E9
BUSINESS PHONE: 416-367-1900
MAIL ADDRESS:
STREET 1: TORONTO-DOMINION BANK TOWER
STREET 2: 66 WELLINGTON STREET WEST, 31ST FLOOR
CITY: TORONTO
STATE: A6
ZIP: M5K 1E9
FORMER COMPANY:
FORMER CONFORMED NAME: AGF FUNDS INC
DATE OF NAME CHANGE: 20010820
13F-HR
1
agf13fhr011613.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: December 31, 2012
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, Corporate Compliance
and Oversight
Phone: 416-367-1900
Signature, Place and Date of Signing:
/s/ Jacqueline Sanz Toronto, Canada January 17, 2013
------------------- --------------- ----------------
(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: 299
Form 13F Information Table Value Total: US$ 8,230,837 (thousands)
List of Other Included Managers:
None
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
ACE LIMITED COM H0023R105 59,682 746,663 SOLE 746,663
AGCO CORPORATION COM 001084102 22,638 460,189 SOLE 460,189
ARM HOLDINGS PLC ADR ADR 042068106 18,212 480,794 SOLE 480,794
AT&T INC. COM 00206R102 64,723 1,915,872 SOLE 1,915,872
ADVANTAGE OIL AND GAS LIMITED COM 00765F101 8,671 2,688,527 SOLE 2,688,527
AGNICO-EAGLE MINES LIMITED COM 008474108 74,604 1,419,955 SOLE 1,419,955
AGRIUM INC. COM 008916108 28,358 283,666 SOLE 283,666
ALDERON IRON ORE CORPORATION COM 01434T100 1,873 1,056,000 SOLE 1,056,000
ALLERGAN INC. COM 018490102 40,372 439,562 SOLE 439,562
ALLIED NEVADA GOLD CORPORATION COM 019344100 29,768 981,912 SOLE 981,912
ALLOT COMMUNICATIONS LIMITED COM M0854Q105 12 700 SOLE 700
ALTRIA GROUP INC. COM 02209S103 44,256 1,405,117 SOLE 1,405,117
AMTRUST FINANCIAL SERVICES INC. COM 032359309 24,277 844,540 SOLE 844,540
AMAZON.COM INC. COM 023135106 27,934 111,086 SOLE 111,086
AMERICA MOVIL SAB DE CV 'L' ADR ADR 02364W105 68,530 2,960,087 SOLE 2,960,087
AMERICAN WATER WORKS COMPANY INC. COM 030420103 15,180 408,251 SOLE 408,251
AMERIPRISE FINANCIAL INC. COM 03076C106 58,443 931,622 SOLE 931,622
ANGLOGOLD ASHANTI LIMITED ADR ADR 035128206 8,810 280,415 SOLE 280,415
ANNIE'S INC COM 03600T104 33 1,000 SOLE 1,000
APACHE CORPORATION COM 037411105 5,766 73,372 SOLE 73,372
APPLE INC. COM 037833100 81,134 152,020 SOLE 152,020
APPLIED MATERIALS INC. COM 038222105 38,340 3,345,025 SOLE 3,345,025
ASCENA RETAIL GROUP INC. COM 04351G101 2,578 139,100 SOLE 139,100
ATLANTIC POWER CORPORATION COM 04878Q863 2,702 236,600 SOLE 236,600
AURICO GOLD INC COM 05155C105 15,858 1,921,200 SOLE 1,921,200
AUGUSTA RESOURCE CORPORATION COM 050912203 3,220 1,314,806 SOLE 1,314,806
AURIZON MINES LIMITED COM 05155P106 3,022 874,081 SOLE 874,081
AVALONBAY COMMUNITIES INC. REIT 053484101 1,451 10,671 SOLE 10,671
BCE INC. COM 05534B760 2,518 58,600 SOLE 58,600
BAIDU INC. ADR ADR 056752108 4,035 40,160 SOLE 4,016
BANK OF AMERICA CORPORATION COM 060505104 21,051 1,810,215 SOLE 1,810,215
BANK OF MONTREAL COM 063671101 45,360 739,500 SOLE 739,500
BANK OF NOVA SCOTIA COM 064149107 185,174 3,197,525 SOLE 3,197,525
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
BANKUNITED INC. COM 06652K103 9,794 400,170 SOLE 400,170
BARRICK GOLD CORPORATION COM 067901108 53,092 1,513,224 SOLE 1,513,224
BAYTEX ENERGY CORP COM 07317Q105 3,370 78,000 SOLE 78,000
BELLATRIX EXPLORATION LIMITED COM 078314101 1,506 350,000 SOLE 350,000
BIO REFERENCE LABORATORIES INC COM 09057G602 23 800 SOLE 800
BONANZA CREEK ENERGY INC. COM 097793103 5,474 196,725 SOLE 196,725
BOSTON PROPERTIES INC. REIT 101121101 3,507 33,058 SOLE 33,058
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 20,734 634,977 SOLE 634,977
BROOKFIELD ASSET MANAGEMENT INC. 'A' COM 112585104 101,104 2,752,898 SOLE 2,752,898
BROOKFIELD OFFICE PROPERTIES INC. COM 112900105 35,842 2,097,901 SOLE 2,097,901
BROOKFIELD RESIDENTIAL PROPERTIES INC. COM 11283W104 5 276 SOLE 276
BURCON NUTRASCIENCE CORPORATION COM 120831102 1,756 376,367 SOLE 376,367
CAE INC. COM 124765108 2,783 274,200 SOLE 274,200
CF INDUSTRIES HOLDINGS INC. COM 125269100 58,777 288,950 SOLE 288,950
CGI GROUP INC. 'A' COM 39945C109 99,032 4,283,334 SOLE 4,283,334
CVS CAREMARK CORPORATION COM 126650100 17,187 354,588 SOLE 354,588
CAMECO CORPORATION COM 13321L108 73,840 3,739,869 SOLE 3,739,869
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101 145,486 1,805,071 SOLE 1,805,071
CANADIAN NATIONAL RAILWAY COMPANY COM 136375102 64,905 712,924 SOLE 712,924
CANADIAN NATURAL RESOURCES LIMITED COM 136385101 128,435 4,449,479 SOLE 4,449,479
CATAMARAN CORP COM 148887102 89,472 1,897,702 SOLE 1,897,702
CELGENE CORPORATION COM 151020104 43,272 548,998 SOLE 548,998
CENOVUS ENERGY INC. COM 15135U109 187,533 5,589,359 SOLE 5,589,359
CENTRAL FUND OF CANADA LIMITED - A MFC 153501101 51,709 2,456,050 SOLE 815,377
CENTRAL GOLD TRUST MFC 153546106 2,261 36,000 SOLE 0
CENTURYLINK INC. COM 156700106 12,189 310,800 SOLE 310,800
CERNER CORPORATION COM 156782104 15,140 194,752 SOLE 194,752
CHEVRON CORPORATION COM 166764100 1,192 11,026 SOLE 11,026
CHURCH & DWIGHT COMPANY INC. COM 171340102 47,101 877,550 SOLE 877,550
CIRRUS LOGIC INC. COM 172755100 13,027 449,100 SOLE 449,100
CITRIX SYSTEMS INC. COM 177376100 31,532 478,967 SOLE 478,967
CLAUDE RESOURCES INC. COM 182873109 595 1,073,000 SOLE 1,073,000
COMPANIA DE MINAS BUENAVENTURA SA ADR ADR 204448104 77,867 2,165,035 SOLE 2,165,035
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
CONCHO RESOURCES INC. COM 20605P101 27,911 346,026 SOLE 346,026
CONOCOPHILLIPS COM 20825C104 31,103 535,004 SOLE 535,004
CONTINENTAL RESOURCES INC. COM 212015101 7,060 95,963 SOLE 95,963
COPA HOLDINGS SA 'A' COM P31076105 30 300 SOLE 0
CORE LABORATORIES NV COM N22717107 23,460 214,348 SOLE 214,348
CORNING INC. COM 219350105 14,469 1,145,032 SOLE 1,145,032
COSTCO WHOLESALE CORPORATION COM 22160K105 41,053 415,121 SOLE 415,121
CREDICORP LIMITED COM G2519Y108 110,670 754,731 SOLE 754,731
D.R. HORTON INC. COM 23331A109 11,045 557,000 SOLE 557,000
DAVITA HEALTHCARE PARTNERS INC. COM 23918K108 21,320 192,405 SOLE 192,405
DEVON ENERGY CORPORATION COM 25179M103 6,227 119,569 SOLE 119,569
DISCOVERY COMMUNICATIONS INC. 'A' COM 25470F104 18,485 290,825 SOLE 290,825
DUKE ENERGY CORPORATION COM 26441C204 40 633 SOLE 633
EMC CORPORATION COM 268648102 54,413 2,147,213 SOLE 2,147,213
EOG RESOURCES INC. COM 26875P101 24 200 SOLE 200
EAGLE MATERIALS INC. COM 26969P108 41 700 SOLE 700
ECOLAB INC. COM 278865100 34,842 483,900 SOLE 483,900
ELDORADO GOLD CORPORATION COM 284902103 147,034 11,397,434 SOLE 11,397,434
ELLIE MAE INC COM 28849P100 36 1,300 SOLE 1,300
ENBRIDGE INC. COM 29250N105 115,558 2,665,186 SOLE 2,665,186
ENCANA CORPORATION COM 292505104 97,663 4,928,844 SOLE 4,928,844
ENDEAVOUR SILVER CORPORATION COM 29258Y103 8,905 1,126,937 SOLE 1,126,937
ENERPLUS CORP COM 292766102 4,404 338,757 SOLE 338,757
ENERSIS SA ADR ADR 29274F104 93 5,114 SOLE 5,114
EQUITY RESIDENTIAL REIT 29476L107 2,551 44,908 SOLE 44,908
EXPRESS SCRIPTS HOLDING CO COM 30219G108 13,869 256,184 SOLE 256,184
EXXON MOBIL CORPORATION COM 30231G102 38,308 442,001 SOLE 442,001
FIRSTENERGY CORPORATION COM 337932107 9,365 223,700 SOLE 223,700
FIRSTSERVICE CORPORATION COM 33761N109 17,691 625,112 SOLE 625,112
FOMENTO ECONOMICO MEXICANO
SAB DE CV ADR ADR 344419106 42,435 421,048 SOLE 421,048
FORBES ENERGY SERVICES LTD. COM 345143101 430 169,825 SOLE 169,825
FORD MOTOR COMPANY COM 345370860 19 1,498 SOLE 1,498
FORESTAR GROUP INC. COM 346233109 6,659 383,677 SOLE 383,677
FORTUNA SILVER MINES INC. COM 349915108 5,895 1,409,300 SOLE 1,409,300
FRANCO-NEVADA CORPORATION COM 351858105 86,646 1,514,084 SOLE 1,514,084
FREEPORT-MCMORAN COPPER & GOLD INC. COM 35671D857 22,239 649,246 SOLE 649,246
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
FREESCALE SEMICONDUCTOR
HOLDINGS I LIMITED COM G3727Q101 11 1,000 SOLE 1,000
FRONTIER COMMUNICATIONS CORPORATION COM 35906A108 8,380 1,953,109 SOLE 1,953,109
GEOGLOBAL RESOURCES INC. COM 37249T109 6 101,900 SOLE 101,900
GILDAN ACTIVEWEAR INC. COM 375916103 33,068 903,110 SOLE 903,110
GLAXOSMITHKLINE PLC ADR ADR 37733W105 20,368 467,900 SOLE 467,900
GOLDCORP INC. COM 380956409 151,317 4,107,387 SOLE 4,107,387
GRAN TIERRA ENERGY INC. COM 38500T101 1,650 297,602 SOLE 297,602
GRANITE REAL ESTATE INC. REIT 387431109 29,602 777,829 SOLE 777,829
GREIF INC. 'A' COM 397624107 2,145 48,075 SOLE 0
GUGGENHEIM S&P GLOBAL DIVIDEND
OPPORTUNITIES INDEX ETF ETF 18383M860 3,987 302,672 SOLE 302,672
HALLIBURTON COMPANY COM 406216101 6,900 198,792 SOLE 198,792
HENRY SCHEIN INC. COM 806407102 20,562 255,200 SOLE 255,200
HERBALIFE LIMITED COM G4412G101 27,929 846,326 SOLE 846,326
HOLLYFRONTIER CORPORATION COM 436106108 31 662 SOLE 662
HONEYWELL INTERNATIONAL INC. COM 438516106 52,340 823,249 SOLE 823,249
HUDBAY MINERALS INC. COM 443628102 10,979 1,087,210 SOLE 1,087,210
HUNTINGTON INGALLS INDUSTRIES INC. COM 446413106 3,271 75,342 SOLE 75,342
IAMGOLD CORPORATION COM 450913108 87,930 7,659,667 SOLE 7,659,667
IHS INC. 'A' COM 451734107 13,766 143,212 SOLE 143,212
IMRIS INC. COM 45322N105 4,759 1,289,301 SOLE 1,289,301
IMPERIAL OIL LIMITED COM 453038408 26,306 610,822 SOLE 610,822
INTEL CORPORATION COM 458140100 15,373 743,325 SOLE 743,325
INTERNATIONAL BUSINESS MACHINES
CORPORATION COM 459200101 87,692 457,046 SOLE 457,046
INVESCO LIMITED COM G491BT108 19,860 760,081 SOLE 760,081
ISHARES IBOXX $HIGH YIELD
CORPORATE BOND FUND ETF 464288513 9 98 SOLE 98
ISHARES MSCI MEXICO INVESTABLE
MARKET INDEX FUND ETF 464286822 35 500 SOLE 500
JPMORGAN CHASE & CO COM 46625H100 61,774 1,402,187 SOLE 1,402,187
KB FINANCIAL GROUP INC. ADR ADR 48241A105 4,762 132,303 SOLE 132,303
KB HOME COM 48666K109 3,406 215,000 SOLE 215,000
KT CORPORATION ADR ADR 48268K101 4,874 290,420 SOLE 290,420
KANSAS CITY SOUTHERN CORPORATION COM 485170302 62,920 752,729 SOLE 752,729
KINDER MORGAN ENERGY PARTNERS
LIMITED PARTNERSHIP COM 494550106 10,111 126,402 SOLE 126,402
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
KINDER MORGAN INC. COM 49456B101 36,510 1,031,225 SOLE 1,031,225
KINROSS GOLD CORPORATION COM 496902404 6,376 654,901 SOLE 654,901
KRAFT FOODS GROUP INC. COM 50076Q106 12,468 273,752 SOLE 273,752
LA-Z-BOY INC. COM 505336107 3,277 231,000 SOLE 231,000
LAKE SHORE GOLD CORPORATION COM 510728108 635 840,311 SOLE 840,311
LEVEL 3 COMMUNICATIONS INC. COM 52729N308 42 1,800 SOLE 1,800
LINCOLN NATIONAL CORPORATION COM 534187109 11,758 453,198 SOLE 453,198
LINKEDIN CORPORATION 'A' COM 53578A108 19,900 173,099 SOLE 173,099
LORILLARD INC. COM 544147101 14,117 120,700 SOLE 120,700
LULULEMON ATHLETICA INC. COM 550021109 33,521 439,176 SOLE 439,176
M.D.C. HOLDINGS, INC. COM 552676108 16,565 450,000 SOLE 450,000
MAG SILVER CORPORATION COM 55903Q104 2,720 265,378 SOLE 265,378
MAGNA INTERNATIONAL INC. COM 559222401 42,332 845,447 SOLE 845,447
MANULIFE FINANCIAL CORPORATION COM 56501R106 54,882 4,030,631 SOLE 4,030,631
MCDONALD'S CORPORATION COM 580135101 2,752 31,125 SOLE 31,125
MCKESSON CORPORATION COM 58155Q103 40,121 413,200 SOLE 413,200
MERCK & COMPANY INC. COM 58933Y105 39,957 974,000 SOLE 974,000
METLIFE INC. COM 59156R108 14,565 441,451 SOLE 441,451
METHANEX CORPORATION COM 59151K108 11,841 370,856 SOLE 370,856
MICHAEL KORS HOLDINGS LIMITED COM G60754101 35,199 688,900 SOLE 688,900
MINDRAY MEDICAL INTERNATIONAL
LIMITED ADR ADR 602675100 4,139 126,350 SOLE 126,350
MOLEX INC. COM 608554101 34,178 1,248,150 SOLE 1,248,150
MOLYCORP INC. COM 608753109 1,570 166,033 SOLE 166,033
MONDELEZ INTERNATIONAL INC COM 609207105 21,013 823,639 SOLE 823,639
MONSANTO COMPANY COM 61166W101 68,469 722,474 SOLE 722,474
MOODY'S CORPORATION COM 615369105 44,671 886,450 SOLE 886,450
MOUNTAIN PROVINCE DIAMONDS INC. COM 62426E402 2,172 554,072 SOLE 554,072
NATIONAL RETAIL PROPERTIES INC. REIT 637417106 11,517 368,195 SOLE 368,195
NEUSTAR INC. 'A' COM 64126X201 38,627 920,051 SOLE 920,051
NEW GOLD INC. COM 644535106 10,082 908,523 SOLE 908,523
NEWMONT MINING CORPORATION COM 651639106 31,633 680,043 SOLE 680,043
NEXEN INC. COM 65334H102 1,189 44,400 SOLE 44,400
NOBLE CORPORATION COM H5833N103 4,162 119,400 SOLE 119,400
NORFOLK SOUTHERN CORPORATION COM 655844108 14,256 230,075 SOLE 230,075
NORTH AMERICAN PALLADIUM LIMITED COM 656912102 2,755 2,040,100 SOLE 2,040,100
NORTHROP GRUMMAN CORPORATION COM 666807102 23,271 343,756 SOLE 343,756
NOVARTIS AG ADR ADR 66987V109 18 280 SOLE 280
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
NU SKIN ENTERPRISES INC. 'A' COM 67018T105 8,552 230,500 SOLE 230,500
OCCIDENTAL PETROLEUM CORPORATION COM 674599105 18,090 235,686 SOLE 235,686
OCWEN FINANCIAL CORPORATION COM 675746309 9,259 267,300 SOLE 267,300
OLD REPUBLIC INTERNATIONAL CORPORATION COM 680223104 9,548 894,285 SOLE 894,285
OMNICOM GROUP INC. COM 681919106 24,053 480,740 SOLE 480,740
ONCOLYTICS BIOTECH INC. COM 682310107 6,842 1,701,533 SOLE 1,701,533
OPEN TEXT CORPORATION COM 683715106 52,655 939,388 SOLE 939,388
ORACLE CORPORATION COM 68389X105 22 650 SOLE 650
PIMCO BROAD U.S. TREASURY INDEX
EXCHANGE-TRADED FUND ETF 72201R809 3 30 SOLE 30
PNC FINANCIAL SERVICES GROUP INC. COM 693475105 7,521 128,800 SOLE 128,800
PEABODY ENERGY CORPORATION COM 704549104 22,710 852,341 SOLE 852,341
PEMBINA PIPELINE CORPORATION COM 706327103 18,618 649,080 SOLE 649,080
PENGROWTH ENERGY CORP COM 70706P104 1,395 279,539 SOLE 279,539
PERRIGO COMPANY COM 714290103 32,581 312,793 SOLE 312,793
PETROLEO BRASILEIRO SA -
PETROBRAS ADR ADR 71654V408 12,537 642,862 SOLE 642,862
PHILIP MORRIS INTERNATIONAL INC. COM 718172109 81,611 973,564 SOLE 973,564
PHILLIPS 66 COM 718546104 9,587 180,102 SOLE 180,102
PIONEER NATURAL RESOURCES COMPANY COM 723787107 39,700 371,984 SOLE 371,984
POTASH CORPORATION OF SASKATCHEWAN INC. COM 73755L107 54,183 1,328,065 SOLE 1,328,065
PRECISION CASTPARTS CORPORATION COM 740189105 34,925 184,145 SOLE 184,145
PRECISION DRILLING CORPORATION COM 74022D308 34,611 4,177,772 SOLE 4,177,772
PRIMERICA INC. COM 74164M108 25,502 848,570 SOLE 848,570
PROGRESSIVE WASTE SOLUTIONS LIMITED COM 74339G101 8,629 398,600 SOLE 398,600
PUBLIC STORAGE INC. REIT 74460D109 721 4,958 SOLE 4,958
QUALCOMM INC. COM 747525103 122,680 1,974,311 SOLE 1,974,311
QIHOO 360 TECHNOLOGY CO. LTD. COM 74734M109 30 1,000 SOLE 1,500
QUALITY SYSTEMS INC. COM 747582104 9 512 SOLE 512
QUATERRA RESOURCES INC. COM 747952109 430 1,253,700 SOLE 1,253,700
RANDGOLD RESOURCES LIMITED ADR ADR 752344309 118,866 1,196,861 SOLE 1,196,861
RESEARCH IN MOTION LIMITED COM 760975102 648 54,450 SOLE 54,450
REYNOLDS AMERICAN INC. COM 761713106 12,273 295,500 SOLE 295,500
ROGERS COMMUNICATIONS INC. 'B' COM 775109200 145,087 3,187,665 SOLE 0
ROYAL BANK OF CANADA COM 780087102 184,134 3,051,060 SOLE 3,051,060
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
ROYAL DUTCH SHELL PLC 'A' ADR ADR 780259206 2,064 29,941 SOLE 29,941
SINA CORPORATION COM G81477104 3,336 66,300 SOLE 66,300
SPDR GOLD TRUST ETF 78463V107 32 200 SOLE 200
SPDR S&P HOMEBUILDERS ETF ETF 78464A888 43 1,600 SOLE 1,600
STERIS CORPORATION COM 859152100 16,256 467,200 SOLE 467,200
SANDSTORM GOLD LIMITED COM 80013R206 1,845 156,500 SOLE 156,500
SHAW COMMUNICATIONS INC. 'B' COM 82028K200 5,145 223,500 SOLE 0
SILVER WHEATON CORPORATION COM 828336107 22,571 624,490 SOLE 624,490
SILVERCREST MINES INC. COM 828365106 10,808 4,221,742 SOLE 4,221,742
SIMON PROPERTY GROUP INC. REIT 828806109 4,025 25,395 SOLE 25,395
SOLARWINDS INC. COM 83416B109 31 600 SOLE 600
SOLITARIO EXPLORATION & ROYALTY
CORPORATION COM 8342EP107 1,226 811,201 SOLE 811,201
SOUTHERN COPPER CORPORATION COM 84265V105 4,371 115,392 SOLE 115,392
SOUTHWESTERN ENERGY COMPANY COM 845467109 6,534 195,260 SOLE 195,260
STANTEC INC. COM 85472N109 15,556 388,293 SOLE 388,293
STAPLES INC. COM 855030102 4,481 392,125 SOLE 392,125
STILLWATER MINING COMPANY COM 86074Q102 7,649 597,340 SOLE 597,340
STRATASYS LTD. COM M85548101 16 200 SOLE 200
STRYKER CORPORATION COM 863667101 37,699 686,375 SOLE 686,375
STURM RUGER & COMPANY INC. COM 864159108 43,497 956,250 SOLE 956,250
SUN LIFE FINANCIAL INC. COM 866796105 83,577 3,144,675 SOLE 3,144,675
SUNOPTA INC. COM 8676EP108 10,531 1,867,655 SOLE 1,867,655
SUNTRUST BANKS INC. COM 867914103 7,052 248,400 SOLE 248,400
SUNCOR ENERGY INC. COM 867224107 224,300 6,803,730 SOLE 6,803,730
SWISHER HYGIENE INC. COM 870808102 2,131 1,229,200 SOLE 1,229,200
T.ROWE PRICE GROUP INC. COM 74144T108 53,994 827,748 SOLE 827,748
TOTAL SA ADR ADR 89151E109 3,115 59,888 SOLE 59,888
TAHOE RESOURCES INC. COM 873868103 26,308 1,434,204 SOLE 1,434,204
TAIWAN SEMICONDUCTOR MANUFACTURING
COMPANY LIMITED ADR ADR 874039100 3,724 216,985 SOLE 216,985
TALISMAN ENERGY INC. COM 87425E103 39,095 3,447,993 SOLE 3,447,993
TARGA RESOURCES CORPORATION COM 87612G101 44,918 848,325 SOLE 848,325
TARGET CORPORATION COM 87612E106 19,530 329,600 SOLE 329,600
TECK RESOURCES LIMITED 'B' COM 878742204 71,938 1,974,470 SOLE 1,974,470
TENARIS SA ADR ADR 88031M109 106,401 2,536,867 SOLE 2,536,867
TERADATA CORPORATION COM 88076W103 32,641 526,733 SOLE 526,733
TEVA PHARMACEUTICAL INDUSTRIES
LIMITED ADR ADR 881624209 53,344 1,426,053 SOLE 1,426,053
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
TEXAS INSTRUMENTS INC. COM 882508104 52,992 1,709,500 SOLE 1,709,500
THE ALLSTATE CORPORATION COM 020002101 19,035 472,667 SOLE 472,667
THE BOEING COMPANY COM 097023105 68,462 907,317 SOLE 907,317
THE CASH STORE FINANCIAL SERVICES INC. COM 14756F103 330 91,400 SOLE 91,400
THE COOPER COMPANIES INC. COM 216648402 25 275 SOLE 275
THE DESCARTES SYSTEMS GROUP INC. COM 249906108 2,154 230,800 SOLE 230,800
THE DUN & BRADSTREET CORPORATION COM 26483E100 20,790 263,947 SOLE 263,947
THE ESTEE LAUDER COMPANIES INC. 'A' COM 518439104 30 500 SOLE 500
THE HARTFORD FINANCIAL SERVICES
GROUP INC. COM 416515104 11,839 526,254 SOLE 526,254
THE J.M. SMUCKER COMPANY COM 832696405 32 370 SOLE 370
THE PROCTER & GAMBLE COMPANY COM 742718109 20,437 300,600 SOLE 300,600
THE WILLIAMS COMPANIES INC. COM 969457100 70,787 2,158,662 SOLE 2,158,662
TIFFANY & COMPANY COM 886547108 6,451 112,300 SOLE 112,300
TIM HORTONS INC. COM 88706M103 35,124 713,706 SOLE 713,706
TOLL BROTHERS INC. COM 889478103 19,293 595,900 SOLE 595,900
TORONTO-DOMINION BANK COM 891160509 191,892 2,273,381 SOLE 2,273,381
TRACTOR SUPPLY COMPANY COM 892356106 14,256 161,139 SOLE 161,139
TRANSALTA CORPORATION COM 89346D107 10,471 687,100 SOLE 687,100
TRANSCANADA CORPORATION COM 89353D107 8,461 178,550 SOLE 178,550
TRANSOCEAN LIMITED COM H8817H100 19,155 428,400 SOLE 428,400
TRIMBLE NAVIGATION LIMITED COM 896239100 45,424 758,887 SOLE 758,887
TURQUOISE HILL RESOURCES LTD COM 900435108 3,142 410,150 SOLE 410,150
U.S. GEOTHERMAL INC. RESTRICTED (1933) COM 90338S102 2,151 5,852,335 SOLE 5,852,335
U.S. GEOTHERMAL INC. WARRANTS
SEPTEMBER 16, 2015(1) WARR 90338S102 7 699,618 SOLE 699,618
ULTA SALON, COSMETICS & FRAGRANCE INC. COM 90384S303 43,315 440,263 SOLE 440,263
ULTRA PETROLEUM CORPORATION COM 903914109 5,233 288,237 SOLE 288,237
UNITED TECHNOLOGIES CORPORATION COM 913017109 14,240 173,200 SOLE 173,200
UNUM GROUP COM 91529Y106 28,021 1,343,891 SOLE 1,343,891
VALE SA ADR ADR 91912E105 51,067 2,434,187 SOLE 2,434,187
VALEANT PHARMACEUTICALS
INTERNATIONAL INC COM 91911K102 3,603 60,250 SOLE 60,250
VANGUARD MSCI EUROPEAN ETF ETF 922042874 16 321 SOLE 321
TITLE MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY
SECURITY NAME OR CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE
------------------------------ -------- --------- ------------ --------- ---------- ----------------
VANGUARD MSCI EMERGING MARKETS ETF ETF 922042858 3 78 SOLE 78
WPX ENERGY INC COM 98212B103 10,743 720,821 SOLE 720,821
WALGREEN COMPANY COM 931422109 16,186 436,550 SOLE 436,550
WASTE MANAGEMENT INC. COM 94106L109 37,270 1,102,812 SOLE 1,102,812
WESTERN COPPER CORPORATION AND
GOLD CORP COM 95805V108 3,485 2,487,410 SOLE 2,487,410
WESTINGHOUSE AIR BRAKE TECHNOLOGIES
CORPORATION COM 929740108 14,166 161,600 SOLE 161,600
WHITING PETROLEUM CORPORATION COM 966387102 7,380 169,996 SOLE 169,996
WHOLE FOODS MARKET INC. COM 966837106 13,110 143,361 SOLE 143,361
WI-LAN INC. COM 928972108 13,623 2,983,936 SOLE 2,983,936
WILSHIRE US REIT ETF ETF 18383M472 8,328 230,100 SOLE 230,100
WINDSTREAM CORPORATION COM 97381W104 7,868 947,800 SOLE 947,800
XPLORE TECHNOLOGIES CORPORATION COM 983950700 88 17,888 SOLE 17,888
XPLORE TECHNOLOGIES CORPORATION
PREFERRED(2) RESTRICTED PFD 983950700 13 1,096,213 SOLE 0
YAMANA GOLD INC. COM 98462Y100 116,011 6,727,417 SOLE 6,727,417
EBAY INC. COM 278642103 71,195 1,393,640 SOLE 1,393,640
ISHARES CORE S&P 500 ETF ETF 464287200 30,746 214,349 SOLE 214,349
ISHARES FTSE EPRA/NAREIT DEVELOPED
REAL ESTATE EX-U.S. INDEX ETF ETF 464288489 5,991 180,500 SOLE 180,500
ISHARES GOLD TRUST ETF ETF 464285105 8,593 526,800 SOLE 526,800
ISHARES JP MORGAN USD EMERGING
MARKETS BOND ETF ETF 464288281 11 88 SOLE 88
ISHARES MSCI CHINA INDEX ETF ETF 46429B671 8,495 174,734 SOLE 174,734
ISHARES MSCI EAFE INDEX ETF ETF 464287465 1,994 35,000 SOLE 35,000
ISHARES MSCI FRANCE INDEX ETF ETF 464286707 20,256 857,347 SOLE 857,347
ISHARES MSCI ITALY INDEX ETF ETF 464286855 27,511 2,042,277 SOLE 2,042,277
ISHARES MSCI JAPAN INDEX ETF ETF 464286848 15,476 1,584,778 SOLE 1,584,778
ISHARES MSCI NETHERLANDS INVESTABLE
MARKET INDEX ETF ETF 464286814 17,233 838,930 SOLE 838,930
ISHARES S&P GLOBAL TIMBER &
FORESTRY INDEX ETF ETF 464288174 3,433 75,700 SOLE 75,700
ISHARES S&P/CITIGROUP INTERNATIONAL
TREASURY BOND ETF ETF 464288117 8 73 SOLE 73
SALESFORCE.COM INC. COM 79466L302 16,087 95,576 SOLE 95,576
299 RECORDS 8,230,837 262,638,294