-----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, CEqFIaC+tgpH9NPV20TXH2aZ9y80Z+AwQMrL4te3RY2nDDTJX6UdwkZcmlKDW5lZ /VrN1dt4L9w8oKIoPcdmnw== 0000945621-10-000047.txt : 20100216 0000945621-10-000047.hdr.sgml : 20100215 20100216102700 ACCESSION NUMBER: 0000945621-10-000047 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 EFFECTIVENESS DATE: 20100216 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: 10603093 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 agf13f123109.txt FORM 13F-HR - AGF FUNDS INC. 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, 2009 ----------------- 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 Funds 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 February 9, 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: 296 ---------------------------------- Form 13F Information Table Value Total: US$ 5,012,065 (thousands) ---------------------------------- List of Other Included Managers: None
MARKET SHARES TITLE VALUE OR VOTING OF (X1000 PRN SH/ INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP USD) AMT PRN DISCRETION MGRS SOLE Invesco Limited Shs G491BT108 7,978 339,630 SH Sole N/A 339,630 Nabors Industries Limited Shs G6359F103 42 1,911 SH Sole N/A 1,911 ACE Limited Shs H0023R105 15,448 306,515 SH Sole N/A 306,515 VistaPrint NV Shs N93540107 8,550 150,900 SH Sole N/A 150,900 Teekay Corporation Common Y8564W103 1,715 73,900 SH Sole N/A 73,900 Aflac Inc. Common 001055102 67 1,449 SH Sole N/A 1,449 AGCO Corporation Common 001084102 3,952 122,200 SH Sole N/A 122,200 AK Steel Holding Corporation Common 001547108 37 1,747 SH Sole N/A 1,747 Abbott Laboratories Inc. Common 002824100 81 1,508 SH Sole N/A 1,508 Advanced Micro Devices Inc. Common 007903107 1,936 200,000 SH Sole N/A 200,000 Agnico-Eagle Mines Limited Common 008474108 102,288 1,880,457 SH Sole N/A 1,880,457 Allied placeStateNevada Gold Corporation Common 019344100 15,849 1,044,374 SH Sole N/A 1,044,374 The Allstate Corporation Common 020002101 32,839 1,093,184 SH Sole N/A 1,093,184 Amazon.com Inc. Common 023135106 23,525 174,880 SH Sole N/A 174,880 American Express Company Common 025816109 70 1,725 SH Sole N/A 1,725 American Tower Corporation 'A' Class A 029912201 12,868 297,800 SH Sole N/A 297,800 American Water Works Company Inc. Common 030420103 9,726 434,016 SH Sole N/A 434,016 Aon Corporation Common 037389103 5,058 131,922 SH Sole N/A 131,922 Apache Corporation Common 037411105 64 619 SH Sole N/A 619 Apollo Group Inc. 'A' Class A 037604105 24 397 SH Sole N/A 397 Apple Inc. Common 037833100 50,607 240,002 SH Sole N/A 240,002 Arch Coal Inc. Common 039380100 21,573 969,579 SH Sole N/A 969,579 Augusta Resource Corporation Common 050912203 2,278 945,800 SH Sole N/A 945,800 AutoZone Inc. Common 053332102 31 195 SH Sole N/A 195 AvalonBay Communities Inc. Common 053484101 2,076 25,280 SH Sole N/A 25,280 Avon Products Inc. Common 054303102 58 1,829 SH Sole N/A 1,829 BMC Software Inc. Common 055921100 46 1,157 SH Sole N/A 1,157 Ball Corporation Common 058498106 39 761 SH Sole N/A 761 Bank of America Corporation Common 060505104 48,161 3,197,973 SH Sole N/A 3,197,973 Bank of Montreal Common 063671101 30,801 577,100 SH Sole N/A 577,100 Bank of Nova Scotia Common 064149107 129,508 2,753,354 SH Sole N/A 2,753,354 Banro Corporation Common 066800103 1,364 699,900 SH Sole N/A 699,900 Barrick Gold Corporation Common 067901108 22,040 558,761 SH Sole N/A 558,761 Best Buy Company Inc. Common 086516101 10,307 261,200 SH Sole N/A 261,200 The Boeing Company Common 097023105 17,205 317,838 SH Sole N/A 317,838 Boston Properties Inc. Common 101121101 3,971 59,200 SH Sole N/A 59,200 Brigham Exploration Company Common 109178103 1,505 111,100 SH Sole N/A 111,100 Bristol-Myers Squibb Company Common 110122108 4,272 169,207 SH Sole N/A 169,207 Brookfield Asset Management Class A Ltd Inc. 'A' Vt Sh 112585104 37,518 1,678,462 SH Sole N/A 1,678,462 Brookfield Homes Corporation Common 112723101 28 3,539 SH Sole N/A 3,539 placeCityBrookfield Properties Corporation Common 112900105 26,523 2,170,450 SH Sole N/A 2,170,450 CIGNA Corporation Common 125509109 48 1,366 SH Sole N/A 1,366 CMS Energy Corporation Common 125896100 39 2,517 SH Sole N/A 2,517 CVS Caremark Corporation Common 126650100 32,336 1,003,900 SH Sole N/A 1,003,900 Campbell Soup Company Common 134429109 48 1,418 SH Sole N/A 1,418 Canadian Imperial Bank of Commerce Common 136069101 47,338 726,864 SH Sole N/A 726,864 Canadian National Railway Company Common 136375102 43,435 792,664 SH Sole N/A 792,664 Canadian Natural Resources Limited Common 136385101 63,682 876,817 SH Sole N/A 876,817 Cavco Industries Inc. Common 149568107 1,247 34,716 SH Sole N/A 34,716 Central Fund of Canada Limited 'A' Class A 153501101 62,388 4,528,983 SH Sole N/A 4,528,983 Chipotle Mexican Grill Inc. Class A 169656105 9,080 103,000 SH Sole N/A 103,000 The Chubb Corporation Common 171232101 40 818 SH Sole N/A 818 Coach Inc. Common 189754104 69 1,892 SH Sole N/A 1,892 The Coca-Cola Company Common 191216100 76 1,336 SH Sole N/A 1,336 Coca-Cola Enterprises Inc. Common 191219104 39 1,824 SH Sole N/A 1,824 Cognizant Technology Solutions Corporation 'A' Class A 192446102 48 1,050 SH Sole N/A 1,050 Colgate-Palmolive Company Common 194162103 94 1,147 SH Sole N/A 1,147 Compania de Minas Buenaventura SA ADR ADR 204448104 46,678 1,394,635 SH Sole N/A 1,394,635 Computer Sciences Corporation Common 205363104 46 797 SH Sole N/A 797 ConAgra Foods Inc. Common 205887102 20,589 893,241 SH Sole N/A 893,241 Continental Resources Inc. Common 212015101 4,302 100,300 SH Sole N/A 100,300 Convergys Corporation Common 212485106 39 3,650 SH Sole N/A 3,650 Corning Inc. Common 219350105 24,933 1,291,200 SH Sole N/A 1,291,200 Corus Entertainment Inc. 'B' Class B 220874101 14,285 753,051 SH Sole N/A 753,051 Cree Inc. Common 225447101 14,741 261,500 SH Sole N/A 261,500 Diamond Foods Inc. Common 252603105 9,703 273,003 SH Sole N/A 273,003 EMC Corporation Common 268648102 92 5,256 SH Sole N/A 5,256 eBay Inc. Common 278642103 73 3,098 SH Sole N/A 3,098 Eldorado Gold Corporation Common 284902103 87,571 6,141,790 SH Sole N/A 6,141,790 EnCana Corporation Common 292505104 83,046 2,547,666 SH Sole N/A 2,547,666 Exeter Resource Corporation Common 301835104 6,130 865,700 SH Sole N/A 865,700 Express Scripts Inc. Common 302182100 42,265 488,900 SH Sole N/A 488,900 FPL Group Inc. Common 302571104 5,419 102,600 SH Sole N/A 102,600 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 10,073 210,382 SH Sole N/A 210,382 Forest Laboratories Inc. Common 345838106 40 1,254 SH Sole N/A 1,254 Forestar Group Inc. Common 346233109 3,327 151,383 SH Sole N/A 151,383 Gannett Company Inc. Common 364730101 37 2,501 SH Sole N/A 2,501 The Gap Inc. Common 364760108 51 2,431 SH Sole N/A 2,431 General Dynamics Corporation Common 369550108 96 1,402 SH Sole N/A 1,402 General Electric Company Common 369604103 7,945 525,110 SH Sole N/A 525,110 Gilead Sciences Inc. Common 375558103 14,343 331,400 SH Sole N/A 331,400 Goldcorp Inc. Warrants 'G' June 9, 2011 W EXP 06.09.11 380956177 528 73,648 SH Sole N/A 73,648 Goldcorp Inc. Common 380956409 168,736 4,271,567 SH Sole N/A 4,271,567 The Goodyear Tire & Rubber Company Common 382550101 25 1,774 SH Sole N/A 1,774 Harris Corporation Common 413875105 40 847 SH Sole N/A 847 The CityplaceHartford Financial Services Group Inc. Common 416515104 41,244 1,773,171 SH Sole N/A 1,773,171 Hewlett-Packard Company Common 428236103 170 3,305 SH Sole N/A 3,305 Home Depot Inc. Common 437076102 7,964 275,300 SH Sole N/A 275,300 Honeywell International Inc. Common 438516106 13,528 345,100 SH Sole N/A 345,100 Hospira Inc. Common 441060100 41 795 SH Sole N/A 795 Hugoton Royalty Trust UnitBenInt 444717102 215 13,386 SH Sole N/A 13,386 Humana Inc. Common 444859102 41 939 SH Sole N/A 939 IAMGOLD Corporation Common 450913108 107,478 6,812,060 SH Sole N/A 6,812,060 IHS Inc. 'A' Class A 451734107 13,708 250,100 SH Sole N/A 250,100 Imperial Oil Limited Common 453038408 10,052 258,700 SH Sole N/A 258,700 Infosys Technologies Limited ADR ADR 456788108 33,587 607,686 SH Sole N/A 607,686 Intel Corporation Common 458140100 25,628 1,256,252 SH Sole N/A 1,256,252 International Business Machines Corporation Common 459200101 25,928 198,073 SH Sole N/A 198,073 International Paper Company Common 460146103 47 1,771 SH Sole N/A 1,771 iShares MSCI United Kingdom Index Fund MSCI UTD KINGD 464286699 15,134 934,200 SH Sole N/A 934,200 iShares MSCI France Index Fund MSCI France 464286707 13,654 528,200 SH Sole N/A 528,200 iShares MSCI Spain Index Fund MSCI Spain 464286764 3,416 71,100 SH Sole N/A 71,100 iShares MSCI Italy Index Fund MSCI Italy 464286855 14,869 762,136 SH Sole N/A 762,136 Itron Inc. Common 465741106 14,764 218,500 SH Sole N/A 218,500 Jabil Circuit Inc. Common 466313103 33 1,914 SH Sole N/A 1,914 Johnson & Johnson Common 478160104 13,806 214,348 SH Sole N/A 214,348 Keegan Resources Inc. Common 487275109 3,019 476,500 SH Sole N/A 476,500 Kinder Morgan Energy Partners Limited Partnership Common 494550106 366 6,000 SH Sole N/A 6,000 Kinross Gold Corporation Common 496902404 50,169 2,710,242 SH Sole N/A 2,710,242 Kingsway Financial Services Inc. Common 496904103 2,049 1,171,612 SH Sole N/A 1,171,612 Korea Electric Power Corporation ADR ADR 500631106 11,267 774,930 SH Sole N/A 774,930 La-Z-Boy Inc. Common 505336107 12,247 1,285,087 SH Sole N/A 1,285,087 Eli Lilly and Company Common 532457108 65 1,812 SH Sole N/A 1,812 Lincoln National Corporation Common 534187109 2,811 112,981 SH Sole N/A 112,981 Lockheed Martin Corporation Common 539830109 55 733 SH Sole N/A 733 McAfee Inc. Common 579064106 10,029 247,200 SH Sole N/A 247,200 McDermott International Inc. Common 580037109 21,345 889,000 SH Sole N/A 889,000 Microsoft Corporation Common 594918104 236 7,756 SH Sole N/A 7,756 Mindray Medical International Limited ADR ADR 602675100 4,613 136,000 SH Sole N/A 136,000 Minefinders Corporation Limited Common 602900102 7,721 741,916 SH Sole N/A 741,916 Moody's Corporation Common 615369105 13,542 505,304 SH Sole N/A 505,304 Morgan Stanley Common 617446448 66 2,227 SH Sole N/A 2,227 Mylan Inc. Common 628530107 51 2,786 SH Sole N/A 2,786 National Retail Properties Inc. Common 637417106 2,996 141,182 SH Sole N/A 141,182 New Gold Inc. Common 644535106 8,978 2,472,339 SH Sole N/A 2,472,339 Newell Rubbermaid Inc. Common 651229106 40 2,660 SH Sole N/A 2,660 Newmont Mining Corporation Common 651639106 33,194 701,634 SH Sole N/A 701,634 Northgate Minerals Corporation Common 666416102 1,348 435,500 SH Sole N/A 435,500 Northrop Grumman Corporation Common 666807102 10,882 194,851 SH Sole N/A 194,851 NuVasive Inc. Common 670704105 9,533 298,100 SH Sole N/A 298,100 Old Republic International Corporation Common 680223104 14,092 1,403,559 SH Sole N/A 1,403,559 Omnicom Group Inc. Common 681919106 7,576 193,500 SH Sole N/A 193,500 Open Text Corporation Common 683715106 25,417 623,781 SH Sole N/A 623,781 Owens-Illinois Inc. Common 690768403 43 1,310 SH Sole N/A 1,310 Pan American Silver Corporation Common 697900108 10,067 420,777 SH Sole N/A 420,777 Peabody Energy Corporation Common 704549104 19,100 422,462 SH Sole N/A 422,462 The Pepsi Bottling Group Inc. Common 713409100 40 1,072 SH Sole N/A 1,072 PepsiCo Inc. Common 713448108 19,451 319,921 SH Sole N/A 319,921 Pfizer Inc. Common 717081103 170 9,362 SH Sole N/A 9,362 Philip Morris International Inc. Common 718172109 21,291 441,822 SH Sole N/A 441,822 Pioneer Natural Resources Company Common 723787107 20,814 432,100 SH Sole N/A 432,100 Pitney Bowes Inc. Common 724479100 322 14,155 SH Sole N/A 14,155 The Progressive Corporation Common 743315103 34 1,875 SH Sole N/A 1,875 ProLogis Common 743410102 594 43,353 SH Sole N/A 43,353 Prudential Financial Inc. Common 744320102 59 1,178 SH Sole N/A 1,178 RadioShack Corporation Common 750438103 35,166 1,803,363 SH Sole N/A 1,803,363 Randgold Resources Limited ADR ADR 752344309 142,782 1,804,632 SH Sole N/A 1,804,632 Raytheon Company Common 755111507 9,006 174,800 SH Sole N/A 174,800 Research In Motion Limited Common 760975102 66,963 986,500 SH Sole N/A 986,500 Rockwell Collins Inc. Common 774341101 32 586 SH Sole N/A 586 Rogers Communications Inc. 'B' Class B 775109200 85,607 2,740,325 SH Sole N/A 2,740,325 Royal Bank of Canada Common 780087102 104,775 1,943,943 SH Sole N/A 1,943,943 Royal Dutch Shell PLC 'A' ADR ADR 780259206 962 16,000 SH Sole N/A 16,000 The Charles Schwab Corporation Common 808513105 17,422 925,700 SH Sole N/A 925,700 Scripps Networks Interactive Inc. 'A' Common 811065101 35 842 SH Sole N/A 842 Sherwin-Williams Company Common 824348106 20,745 336,500 SH Sole N/A 336,500 Silver Wheaton Corporation Common 828336107 5,691 375,000 SH Sole N/A 375,000 Simon Property Group Inc. Common 828806109 6,644 83,255 SH Sole N/A 83,255 Southwestern Energy Company Common 845467109 10,116 209,879 SH Sole N/A 209,879 Starbucks Corporation Common 855244109 69 2,975 SH Sole N/A 2,975 Sun Life Financial Inc. Common 866796105 53,528 1,851,658 SH Sole N/A 1,851,658 Suncor Energy Inc. Common 867224107 181,587 5,106,601 SH Sole N/A 5,106,601 The TJX Companies Inc. Common 872540109 49 1,329 SH Sole N/A 1,329 Taiwan Semiconductor Manufacturing Company Limited ADR ADR 874039100 1,454 127,100 SH Sole N/A 127,100 Teck Resources Limited 'B' Class B 878742204 29,104 827,144 SH Sole N/A 827,144 Temple-Inland Inc. Common 879868107 4,932 233,650 SH Sole N/A 233,650 Teva Pharmaceutical Industries Limited ADR ADR 881624209 77,054 1,371,552 SH Sole N/A 1,371,552 Thompson Creek Metals Company Inc. Common 884768102 1,128 95,710 SH Sole N/A 95,710 Thomson Reuters Corporation Common 884903105 37,532 1,156,810 SH Sole N/A 1,156,810 Toronto-Dominion Bank Common 891160509 103,513 1,642,178 SH Sole N/A 1,642,178 Tyson Foods Inc. 'A' Class A 902494103 35 2,870 SH Sole N/A 2,870 U.S. Bancorp Common 902973304 27,157 1,206,432 SH Sole N/A 1,206,432 Ultra Petroleum Corporation Common 903914109 12,072 242,120 SH Sole N/A 242,120 United Technologies Corporation Common 913017109 93 1,344 SH Sole N/A 1,344 Wal-Mart Stores Inc. Common 931142103 87 1,624 SH Sole N/A 1,624 Waters Corporation Common 941848103 51 830 SH Sole N/A 830 Western Digital Corporation Common 958102105 70 1,583 SH Sole N/A 1,583 The Western Union Company Common 959802109 46 2,433 SH Sole N/A 2,433 Whirlpool Corporation Common 963320106 30 369 SH Sole N/A 369 Whiting Petroleum Corporation Common 966387102 2,294 32,100 SH Sole N/A 32,100 Whole Foods Market Inc. Common 966837106 30 1,089 SH Sole N/A 1,089 The Williams Companies Inc. Common 969457100 17,606 835,210 SH Sole N/A 835,210 YUM! Brands Inc. Common 988498101 45 1,275 SH Sole N/A 1,275 The Dun & Bradstreet Corporation Common 26483E100 20,245 239,955 SH Sole N/A 239,955 Luminex Corporation Common 55027E102 762 51,028 SH Sole N/A 51,028 Talisman Energy Inc. Common 87425E103 123,762 6,577,270 SH Sole N/A 6,577,270 AmerisourceBergen Corporation Common 03073E105 52 2,004 SH Sole N/A 2,004 Vale SA ADR ADR 91912E105 44,886 1,546,200 SH Sole N/A 1,546,200 Target Corporation Common 87612E106 84 1,727 SH Sole N/A 1,727 Dr. Pepper Snapple Group Inc. Common 26138E109 40 1,399 SH Sole N/A 1,399 The Travelers Companies Inc. Common 89417E109 65 1,310 SH Sole N/A 1,310 AES Corporation Common 00130H105 33 2,499 SH Sole N/A 2,499 AT&T Inc. Common 00206R102 48,519 1,730,959 SH Sole N/A 1,730,959 Advantage Oil and Gas Limited Common 00765F101 2,386 361,800 SH Sole N/A 361,800 AECOM Technology Corporation Common 00766T100 18,153 660,100 SH Sole N/A 660,100 Alexco Resource Corporation Common 01535P106 1,548 412,200 SH Sole N/A 412,200 Allegheny Technologies Inc. Common 01741R102 19,766 441,497 SH Sole N/A 441,497 Altria Group Inc. Common 02209S103 8,791 447,853 SH Sole N/A 447,853 America Movil SAB de CV 'L' ADR ADR 02364W105 39,522 841,248 SH Sole N/A 841,248 A123 Systems Inc. Common 03739T108 13,123 584,800 SH Sole N/A 584,800 Apartment Investment and Management Company 'A' Class A 03748R101 755 47,433 SH Sole N/A 47,433 Aurizon Mines Limited Common 05155P106 13,414 2,967,600 SH Sole N/A 2,967,600 BCE Inc. Common 05534B760 51,620 1,862,644 SH Sole N/A 1,862,644 Cameco Corporation Common 13321L108 40,017 1,234,136 SH Sole N/A 1,234,136 Cardiome Pharma Corporation Common 14159U202 8,672 1,947,281 SH Sole N/A 1,947,281 Celestica Inc. SubVtgsh 15101Q108 2,380 250,000 SH Sole N/A 250,000 Cenovus Energy Inc. Common 15135U109 61,135 2,414,066 SH Sole N/A 2,414,066 Cisco Systems Inc. Common 17275R102 33,002 1,378,547 SH Sole N/A 1,378,547 Cliffs Natural Resources Inc. Common 18683K101 6,651 144,300 SH Sole N/A 144,300 ConocoPhillips Common 20825C104 37,100 726,446 SH Sole N/A 726,446 Costco Wholesale Corporation Common 22160K105 25,088 424,000 SH Sole N/A 424,000 D.R. Horton Inc. Common 23331A109 14,250 1,310,979 SH Sole N/A 1,310,979 DaVita Inc. Common 23918K108 21,581 367,400 SH Sole N/A 367,400 Dell Inc. Common 24702R101 66 4,573 SH Sole N/A 4,573 Discovery Communications Inc. 'A' Class A 25470F104 5,554 181,100 SH Sole N/A 181,100 DIRECTV 'A' Class A 25490A101 61 1,825 SH Sole N/A 1,825 DragonWave Inc. Common 26144M103 1,678 146,100 SH Sole N/A 146,100 Duke Energy Corporation Common 26441C105 33 1,900 SH Sole N/A 1,900 EOG Resources Inc. Common 26875P101 24,492 251,715 SH Sole N/A 251,715 Eagle Materials Inc. Common 26969P108 3,683 141,382 SH Sole N/A 141,382 El Paso Corporation Common 28336L109 42 4,291 SH Sole N/A 4,291 Enbridge Inc. Common 29250N105 38,097 819,781 SH Sole N/A 819,781 Endeavour Silver Corporation Common 29258Y103 4,720 1,289,450 SH Sole N/A 1,289,450 Environmental Power Corporation Common 29406L201 81 447,500 SH Sole N/A 447,500 Equity Residential Properties Trust Sh benInt 29476L107 3,385 100,200 SH Sole N/A 100,200 Expedia Inc. Common 30212P105 33 1,297 SH Sole N/A 1,297 Exxon Mobil Corporation Common 30231G102 220 3,219 SH Sole N/A 3,219 FMC Technologies Inc. Common 30249U101 49 844 SH Sole N/A 844 FirstService Corporation SubVtgsh 33761N109 9,042 466,118 SH Sole N/A 466,118 Flowserve Corporation Common 34354P105 32 339 SH Sole N/A 339 Freeport-McMoRan Copper & Gold Inc. Common 35671D857 23,095 287,648 SH Sole N/A 287,648 Fronteer Development Group Inc. Common 35903Q106 806 204,100 SH Sole N/A 204,100 GeoGlobal Resources Inc. Common 37249T109 915 439,800 SH Sole N/A 439,800 GlaxoSmithKline PLC ADR ADR 37733W105 17,018 402,799 SH Sole N/A 402,799 Gold Fields Limited ADR ADR 38059T106 8,131 620,193 SH Sole N/A 620,193 The Goldman Sachs Group Inc. Common 38141G104 17,652 104,549 SH Sole N/A 104,549 Google Inc. 'A' Class A 38259P508 29,635 47,800 SH Sole N/A 47,800 Gran Tierra Energy Inc. Common 38500T101 1,643 286,502 SH Sole N/A 286,502 CGI Group Inc. 'A' Class A 39945C109 28,907 2,124,250 SH Sole N/A 2,124,250 Grupo Televisa SAB ADR ADR 40049J206 30,785 1,482,883 SH Sole N/A 1,482,883 Harry Winston Diamond Corporation Common 41587B100 1,253 130,479 SH Sole N/A 130,479 IESI-BFC Limited Common 44951D108 7,003 434,100 SH Sole N/A 434,100 Ivanhoe Mines Limited Common 46579N103 4,447 300,000 SH Sole N/A 300,000 JPMorgan Chase & Company Common 46625H100 60,239 1,445,616 SH Sole N/A 1,445,616 Jaguar Mining Inc. Common 47009M103 1,968 174,350 SH Sole N/A 174,350 KB Financial Group Inc. ADR ADR 48241A105 26,426 519,682 SH Sole N/A 519,682 KT Corporation ADR ADR 48268K101 25,022 1,487,620 SH Sole N/A 1,487,620 KB Home Common 48666K109 8,735 638,500 SH Sole N/A 638,500 Kimco Realty Corporation Common 49446R109 727 53,700 SH Sole N/A 53,700 Kobex Minerals Inc. Common 49989C105 321 342,553 SH Sole N/A 342,553 Kraft Foods Inc. 'A' Class A 50075N104 8,305 305,547 SH Sole N/A 305,547 Laboratory Corporation of America Holdings Common 50540R409 20,229 270,300 SH Sole N/A 270,300 Lawson Software Inc. Common 52078P102 2,128 320,000 SH Sole N/A 320,000 Life Technologies Corporation Common 53217V109 47 891 SH Sole N/A 891 MAG Silver Corporation Common 55903Q104 2,618 434,800 SH Sole N/A 434,800 Manulife Financial Corporation Common 56501R106 93,190 5,044,775 SH Sole N/A 5,044,775 McKesson Corporation Common 58155Q103 48 770 SH Sole N/A 770 Merck & Company Inc. Common 58933Y105 42,915 1,174,473 SH Sole N/A 1,174,473 Methanex Corporation Common 59151K108 6,332 322,731 SH Sole N/A 322,731 MetLife Inc. Common 59156R108 24,136 682,764 SH Sole N/A 682,764 Monsanto Company Common 61166W101 8,330 101,900 SH Sole N/A 101,900 NetApp Inc. Common 64110D104 56 1,624 SH Sole N/A 1,624 Netflix Inc. Common 64110L106 16,625 301,500 SH Sole N/A 301,500 Nevsun Resources Limited Common 64156L101 2,297 949,900 SH Sole N/A 949,900 Nexen Inc. Common 65334H102 42,625 1,768,591 SH Sole N/A 1,768,591 Novabay Pharmaceuticals Inc. Common 66987P102 1,214 578,300 SH Sole N/A 578,300 NUCRYST Pharmaceuticals Corporation Common 67035Q100 365 210,000 SH Sole N/A 210,000 Oracle Corporation Common 68389X105 128 5,204 SH Sole N/A 5,204 PG&E Corporation Common 69331C108 13,476 301,825 SH Sole N/A 301,825 Panera Bread Company 'A' Class A 69840W108 9,255 138,200 SH Sole N/A 138,200 Petroleo Brasileiro SA - Petrobras ADR ADR 71654V408 5,769 121,000 SH Sole N/A 121,000 Potash Corporation of Saskatchewan Inc. Common 73755L107 51,602 472,043 SH Sole N/A 472,043 T.Rowe Price Group Inc. Common 74144T108 19,005 356,900 SH Sole N/A 356,900 Provident Energy Trust Tr Unit 74386K104 2,030 300,000 SH Sole N/A 300,000 Public Storage Inc. Common 74460D109 1,100 13,500 SH Sole N/A 13,500 Quest Capital Corporation Common 74835U109 1,168 1,036,000 SH Sole N/A 1,036,000 Quicksilver Resources Inc. Common 74837R104 4,679 311,754 SH Sole N/A 311,754 SPDR Gold Trust Shs 78463V107 10,858 101,182 SH Sole N/A 101,182 SXC Health Solutions Corporation Common 78505P100 34,592 631,730 SH Sole N/A 631,730 SanDisk Corporation Common 80004C101 42 1,462 SH Sole N/A 1,462 Solitario Exploration & Royalty Corporation Common 8342EP107 1,228 535,200 SH Sole N/A 535,200 Stantec Inc. Common 85472N109 15,915 547,806 SH Sole N/A 547,806 SunOpta Inc. Common 8676EP108 3,351 996,784 SH Sole N/A 996,784 Tenaris SA ADR ADR 88031M109 50,196 1,176,929 SH Sole N/A 1,176,929 Teradata Corporation Common 88076W103 12,355 393,100 SH Sole N/A 393,100 3M Company Common 88579Y101 12,246 148,130 SH Sole N/A 148,130 Tim Hortons Inc. Common 88706M103 16,395 533,955 SH Sole N/A 533,955 TransCanada Corporation Common 89353D107 5,413 156,518 SH Sole N/A 156,518 UnitedHealth Group Inc. Common 91324P102 59 1,949 SH Sole N/A 1,949 Unum Group Common 91529Y106 11,728 600,813 SH Sole N/A 600,813 Varian Medical Systems Inc. Common 92220P105 13,113 279,900 SH Sole N/A 279,900 Visa Inc. 'A' Class A 92826C839 14,116 161,400 SH Sole N/A 161,400 Waste Management Inc. Common 94106L109 19,019 562,528 SH Sole N/A 562,528 WellPoint Inc. Common 94973V107 59 1,004 SH Sole N/A 1,004 XTO Energy Inc. Common 98385X106 46,007 988,768 SH Sole N/A 988,768 Yamana Gold Inc. Common 98462Y100 88,605 7,726,506 Sole N/A 7,726,506 5,012,065 183,543,540
SHARES TITLE MARKET OR VOTING OF VALUE PRN INVESTMENT OTHER AUTHORITY SECURITY NAME CLASS CUSIP (X1000 USD) AMOUNT SH/PRN DISCRETION MGRS SOLE America Movil SAB de CV 'L' ADR ADR 02364W105 2,617 55,700 SH Sole N/A 55,700 Compania de Minas Buenaventura SA ADR ADR 204448104 2,952 88,200 SH Sole N/A 88,200 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 1,575 32,900 SH Sole N/A 32,900 Grupo Televisa SAB ADR ADR 40049J206 1,775 85,500 SH Sole N/A 85,500 Infosys Technologies Limited ADR ADR 456788108 3,023 54,700 SH Sole N/A 54,700 Randgold Resources Limited ADR ADR 752344309 5,151 65,100 SH Sole N/A 65,100 Taiwan Semiconductor Manufacturing Company Limited ADR ADR 874039100 916 80,100 SH Sole N/A 80,100 Tenaris SA ADR ADR 88031M109 3,446 80,800 SH Sole N/A 80,800 Teva Pharmaceutical Industries Limited ADR ADR 881624209 2,966 52,800 SH Sole N/A 52,800 Vale SA ADR ADR 91912E105 2,839 97,800 SH Sole N/A 97,800 Yamana Gold Inc. Common 98462Y100 2,702 235,600 SH Sole N/A 235,600 29,963 929,200
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