-----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, QyFJt0EbNF9WGPmECEDAhUIrfgZLh+nIc9Wo4Af+B9zulwU2/rw4EmU4OZolNDNL 9tMtwz7TFVRwMmBViD/rNw== 0001169232-08-004219.txt : 20081114 0001169232-08-004219.hdr.sgml : 20081114 20081114120524 ACCESSION NUMBER: 0001169232-08-004219 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081114 DATE AS OF CHANGE: 20081114 EFFECTIVENESS DATE: 20081114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGF FUNDS 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: 081188472 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 13F-HR 1 d75404_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.S. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 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 Risk Analysis Phone: 416-367-1900 /s/ Jacqueline Sanz Toronto, Canada November 14, 2008 - ------------------- --------------- ----------------- (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: 320 Form 13F Information Table Value Total: US$ 4,839,890 (thousands) List of Other Included Managers: None
Voting Market Value Shares or PRN Investment Other Authority Security Name Title of Class Cusip (x1000 USD) Amount SH/PRN Discretion Managers Sole Brookfield Infrastracture Partners Limited Partnership Int Unit G16252101 1,022 64,948 SH Sole N/A 64,948 Invesco Limited Shs G491BT108 6,288 299,730 SH Sole N/A 299,730 IPC Holdings Limited Common G4933P101 5,009 165,815 SH Sole N/A 165,815 Nabors Industries Limited Shs G6359F103 299 12,000 SH Sole N/A 12,000 RenaissanceRe Holdings Limited Common G7496G103 18,772 361,006 SH Sole N/A 361,006 Transocean Inc. Common G90073100 5,033 45,820 SH Sole N/A 45,820 Weatherford International Limited Common G95089101 991 39,428 SH Sole N/A 39,428 ACE Limited Shs H0023R105 15,596 288,115 SH Sole N/A 288,115 Logitech International SA Shs H50430232 2,484 106,500 SH Sole N/A 106,500 Core Laboratories NV Common N22717107 699 6,900 SH Sole N/A 6,900 DryShips Inc. Shs Y2109Q101 731 20,600 SH Sole N/A 20,600 3M Company Common 88579Y101 11,954 175,000 SH Sole N/A 175,000 Abbott Laboratories Inc. Common 002824100 691 12,000 SH Sole N/A 12,000 Agnico-Eagle Mines Limited Common 008474108 123,953 2,261,647 SH Sole N/A 2,261,647 Agrium Inc. Common 008916108 1,616 28,800 SH Sole N/A 28,800 Akamai Technologies Inc. Common 00971T101 192 11,000 SH Sole N/A 11,000 Alcoa Inc. Common 013817101 75 3,300 SH Sole N/A 3,300 Alexco Resource Corporation Common 01535P106 934 473,800 SH Sole N/A 473,800 Allegheny Technologies Inc. Common 01741R102 10,036 339,620 SH Sole N/A 339,620 Allergan Inc. Common 018490102 731 14,200 SH Sole N/A 14,200 AllianceBernstein Holding Limited Partnership Unit 01881G106 1,199 32,402 SH Sole N/A 32,402 Allied Nevada Gold Corporation Common 019344100 4,510 783,700 SH Sole N/A 783,700 Altria Group Inc. Common 02209S103 7,710 388,591 SH Sole N/A 388,591 Amazon.com Inc. Common 023135106 21,755 299,000 SH Sole N/A 299,000 America Movil SAB de CV 'L' ADR ADR 02364W105 11,393 249,025 SH Sole N/A 249,025 American Water Works Company Inc. Common 030420103 3,501 162,814 SH Sole N/A 162,814 Ameriprise Financial Inc. Common 03076C106 18,548 485,560 SH Sole N/A 485,560 Aon Corporation Common 037389103 26,400 587,186 SH Sole N/A 587,186 Apache Corporation Common 037411105 411 3,944 SH Sole N/A 3,944 Apartment Investment and Management Company 'A' Class A 03748R101 289 8,265 SH Sole N/A 8,265 Apple Inc. Common 037833100 23,616 207,778 SH Sole N/A 207,778 Assisted Living Concepts Inc. Common 04544X102 722 113,400 SH Sole N/A 113,400 AT&T Inc. Common 00206R102 45,155 1,617,305 SH Sole N/A 1,617,305 Augusta Resource Corporation Common 050912203 3,067 871,600 SH Sole N/A 871,600 Aurizon Mines Limited Common 05155P106 8,356 3,108,000 SH Sole N/A 3,108,000 AvalonBay Communities Inc. Common 053484101 551 5,600 SH Sole N/A 5,600 Avis Budget Group Inc. Common 053774105 6 1,080 SH Sole N/A 1,080 Baidu.com Inc. ADR ADR 056752108 1,688 6,800 SH Sole N/A 6,800 Bank of America Corporation Common 060505104 77,892 2,225,485 SH Sole N/A 2,225,485 Bank of Montreal Common 063671101 4,040 93,200 SH Sole N/A 93,200 Bank of Nova Scotia Common 064149107 123,458 2,726,613 SH Sole N/A 2,726,613 Banro Corporation Common 066800103 1,884 713,200 SH Sole N/A 713,200 Barrick Gold Corporation Common 067901108 48,693 1,324,600 SH Sole N/A 1,324,600 BCE Inc. Common 05534B760 9,722 280,829 SH Sole N/A 280,829 Beazer Homes USA Inc. Common 07556Q105 2,951 493,400 SH Sole N/A 493,400 Biogen Idec Inc. Common 09062X103 181 3,600 SH Sole N/A 3,600 Boston Properties Inc. Common 101121101 1,283 13,700 SH Sole N/A 13,700 Bristol-Myers Squibb Company Common 110122108 2,940 141,023 SH Sole N/A 141,023 Brookfield Asset Management Inc. 'A' Class A Ltd Vt Sh 112585104 46,104 1,703,562 SH Sole N/A 1,703,562 Brookfield Homes Corporation Common 112723101 12 839 SH Sole N/A 839 Brookfield Properties Corporation Common 112900105 21,539 1,373,850 SH Sole N/A 1,373,850 Brush Engineered Materials Inc. Common 117421107 279 15,000 SH Sole N/A 15,000 CA Inc. Common 12673P105 26 1,300 SH Sole N/A 1,300 CAE Inc. Common 124765108 3,013 375,800 SH Sole N/A 375,800 Cameco Corporation Common 13321L108 41,484 1,907,093 SH Sole N/A 1,907,093 Canadian Imperial Bank of Commerce Common 136069101 42,870 744,046 SH Sole N/A 744,046 Canadian National Railway Company Common 136375102 47,004 981,277 SH Sole N/A 981,277 Canadian Natural Resources Limited Common 136385101 37,818 549,184 SH Sole N/A 549,184 Cardiome Pharma Corporation Common 14159U202 16,023 2,160,496 SH Sole N/A 2,160,496 Carrizo Oil & Gas Inc. Common 144577103 4,178 115,200 SH Sole N/A 115,200 Cavco Industries Inc. Common 149568107 1,096 30,316 SH Sole N/A 30,316 Celanese Corporation 'A' Class A 150870103 2,015 72,200 SH Sole N/A 72,200 Celgene Corporation Common 151020104 1,076 17,000 SH Sole N/A 17,000 Centex Corporation Common 152312104 3,240 200,022 SH Sole N/A 200,022 Central Fund of Canada Limited 'A' Class A 153501101 42,479 3,921,508 SH Sole N/A 3,921,508 Central GoldTrust TrUnit 153546106 1,277 34,800 SH Sole N/A 34,800 Central Sun Mining Inc. Common 155432107 867 1,507,343 SH Sole N/A 1,507,343 Century Aluminum Company Common 156431108 94 3,400 SH Sole N/A 3,400 CF Industrial Holdings Inc. Common 125269100 1,646 18,000 SH Sole N/A 18,000 CGI Group Inc. 'A' Class A 39945C109 4,108 467,800 SH Sole N/A 467,800 Chesapeake Energy Corporation Common 165167107 251 7,000 SH Sole N/A 7,000 Cisco Systems Inc. Common 17275R102 54,426 2,412,500 SH Sole N/A 2,412,500 Citigroup Inc. Common 172967101 38,383 1,871,414 SH Sole N/A 1,871,414 Companhia de Bebidas das Americas SA Preferred ADR ADR 20441W203 268 4,900 SH Sole N/A 4,900 Companhia Vale do Rio Doce SA ADR ADR 204412209 8,115 428,968 SH Sole N/A 428,968 Compania de Minas Buenaventura SA ADR ADR 204448104 12,503 538,737 SH Sole N/A 538,737 ConAgra Foods Inc. Common 205887102 28,438 1,461,362 SH Sole N/A 1,461,362 ConocoPhillips Common 20825C104 63,671 869,234 SH Sole N/A 869,234 Corning Inc. Common 219350105 17,794 1,137,700 SH Sole N/A 1,137,700 Corriente Resources Inc. 'A' Class A 22027E409 123 28,500 SH Sole N/A 28,500 Corus Entertainment Inc. 'B' Class B 220874101 16,099 938,238 SH Sole N/A 938,238 Costco Wholesale Corporation Common 22160K105 17,499 269,500 SH Sole N/A 269,500 Cross Timbers Royalty Trust TrUnit 22757R109 1 22 SH Sole N/A 22 CVS Caremark Corporation Common 126650100 42,718 1,269,100 SH Sole N/A 1,269,100 D.R. Horton Inc. Common 23331A109 14,490 1,112,877 SH Sole N/A 1,112,877 Danaher Corporation Common 235851102 14,199 204,600 SH Sole N/A 204,600 DaVita Inc. Common 23918K108 24,013 421,200 SH Sole N/A 421,200 Denbury Resources Inc. Common 247916208 731 38,400 SH Sole N/A 38,400 Denison Mines Corporation Common 248356107 437 147,700 SH Sole N/A 147,700 Dentsply International Inc. Common 249030107 751 20,000 SH Sole N/A 20,000 Devon Energy Corporation Common 25179M103 255 2,800 SH Sole N/A 2,800 Diageo PLC ADR ADR 25243Q205 103 1,500 SH Sole N/A 1,500 Diamond Foods Inc. Common 252603105 3,798 135,500 SH Sole N/A 135,500 Dolby Laboratories Inc. 'A' Class A 25659T107 2,910 82,700 SH Sole N/A 82,700 Donaldson Company Inc. Common 257651109 80 1,900 SH Sole N/A 1,900 Eagle Materials Inc. Common 26969P108 2,791 124,782 SH Sole N/A 124,782 Eastman Kodak Company Common 277461109 54,374 3,535,359 SH Sole N/A 3,535,359 Eldorado Gold Corporation Common 284902103 35,004 5,588,564 SH Sole N/A 5,588,564 Enbridge Inc. Common 29250N105 29,205 786,200 SH Sole N/A 786,200 EnCana Corporation Common 292505104 172,979 2,698,267 SH Sole N/A 2,698,267 Endeavour Silver Corporation Common 29258Y103 2,689 1,313,850 SH Sole N/A 1,313,850 Energy Conversion Devices Inc. Common 292659109 1,363 23,400 SH Sole N/A 23,400 Enerplus Resources Fund Unit TR G 29274D604 1,833 50,000 SH Sole N/A 50,000 Environmental Power Corporation Common 29406L201 984 447,500 SH Sole N/A 447,500 Equity Residential Properties Trust Sh benInt 29476L107 1,026 23,100 SH Sole N/A 23,100 Exelixis Inc. Common 30161Q104 390 64,100 SH Sole N/A 64,100 Exeter Resource Corporation Common 301835104 1,026 510,500 SH Sole N/A 510,500 Express Scripts Inc. Common 302182100 55,668 754,100 SH Sole N/A 754,100 F5 Networks Inc. Common 315616102 173 7,400 SH Sole N/A 7,400 FairPoint Communications Inc. Common 305560104 87 10,080 SH Sole N/A 10,080 Fannie Mae Common 313586109 - 10 SH Sole N/A 10 First Solar Inc. Common 336433107 13,318 70,500 SH Sole N/A 70,500 FirstService Corporation SubVtgsh 33761N109 11,792 809,100 SH Sole N/A 809,100 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 6,823 178,900 SH Sole N/A 178,900 Fording Canadian Coal Trust TrUnit 345425102 3,293 40,000 SH Sole N/A 40,000 Forest Oil Corporation Common 346091705 149 3,000 SH Sole N/A 3,000 Forestar Real Estate Group Inc. Common 346233109 1,992 135,019 SH Sole N/A 135,019 Freddie Mac Common 313400301 - 10 SH Sole N/A 10 Freeport-McMoRan Copper & Gold Inc. Common 35671D857 14,252 250,690 SH Sole N/A 250,690 Fronteer Development Group Inc. Common 35903Q106 600 208,000 SH Sole N/A 208,000 Furniture Brands International Inc. Common 360921100 4,854 461,360 SH Sole N/A 461,360 GameStop Corporation 'A' Class A 36467W109 2,124 62,100 SH Sole N/A 62,100 Gastar Exploration Limited Common 367299104 15 12,000 SH Sole N/A 12,000 General Electric Company Common 369604103 13,986 548,451 SH Sole N/A 548,451 Genzyme Corporation Common 372917104 404 5,000 SH Sole N/A 5,000 GeoGlobal Resources Inc. Common 37249T109 1,628 646,100 SH Sole N/A 646,100 Gildan Activewear Inc. Common 375916103 1,115 50,000 SH Sole N/A 50,000 Gilead Sciences Inc. Common 375558103 7,844 172,100 SH Sole N/A 172,100 GlaxoSmithKline PLC ADR ADR 37733W105 28,640 659,000 SH Sole N/A 659,000 Gold Fields Limited ADR ADR 38059T106 6,015 627,193 SH Sole N/A 627,193 Goldcorp Inc. Common 380956409 178,978 5,668,220 SH Sole N/A 5,668,220 Goldcorp Inc. Warrants Series G June 9, 2011 W EXP 06.09.11 380956177 851 73,648 SH Sole N/A 73,648 Green Mountain Coffee Roasters Inc. Common 393122106 1,880 47,800 SH Sole N/A 47,800 Grupo Televisa SAB ADR ADR 40049J206 10,483 485,765 SH Sole N/A 485,765 Guaranty Financial Group Inc. Common 40108N106 500 126,519 SH Sole N/A 126,519 Harry Winston Diamond Corporation Common 41587B100 1,756 132,979 SH Sole N/A 132,979 Harsco Corporation Common 415864107 1,859 50,000 SH Sole N/A 50,000 Helmerich & Payne Inc. Common 423452101 1,948 45,100 SH Sole N/A 45,100 Honeywell International Inc. Common 438516106 12,893 310,300 SH Sole N/A 310,300 Host Hotels & Resorts Inc. Common 44107P104 11,875 893,563 SH Sole N/A 893,563 Hugoton Royalty Trust UnitBenInt 444717102 365 13,586 SH Sole N/A 13,586 IAMGOLD Corporation Common 450913108 21,234 3,834,842 SH Sole N/A 3,834,842 Imperial Oil Limited Common 453038408 20,775 483,188 SH Sole N/A 483,188 IMS Health Inc. Common 449934108 155 8,200 SH Sole N/A 8,200 Infosys Technologies Limited ADR ADR 456788108 1,495 47,569 SH Sole N/A 47,569 International Business Machines Corporation Common 459200101 20,245 173,095 SH Sole N/A 173,095 Intrepid Potash Inc. Common 46121Y102 556 18,700 SH Sole N/A 18,700 iShares MSCI France Index Fund MSCI France 464286707 5,730 214,200 SH Sole N/A 214,200 iShares MSCI Germany Index Fund MSCI Germany 464286806 3,363 140,700 SH Sole N/A 140,700 iShares MSCI Italy Index Fund MSCI Italy 464286855 15,599 724,200 SH Sole N/A 724,200 iShares MSCI United Kingdom Index Fund MSCI UTD KINGD 464286699 15,979 959,700 SH Sole N/A 959,700 Ivanhoe Energy Inc. Common 465790103 509 367,000 SH Sole N/A 367,000 Ivanhoe Mines Limited Common 46579N103 1,825 300,000 SH Sole N/A 300,000 Jaguar Mining Inc. Common 47009M103 975 174,350 SH Sole N/A 174,350 Johnson & Johnson Common 478160104 18,480 266,740 SH Sole N/A 266,740 JPMorgan Chase & Company Common 46625H100 81,683 1,749,093 SH Sole N/A 1,749,093 KB Home Common 48666K109 9,800 497,945 SH Sole N/A 497,945 Keegan Resources Inc. Common 487275109 916 485,500 SH Sole N/A 485,500 KeyCorp Common 493267108 16,732 1,401,356 SH Sole N/A 1,401,356 Kimberly-Clark Corporation Common 494368103 19,437 299,770 SH Sole N/A 299,770 Kimco Realty Corporation Common 49446R109 454 12,300 SH Sole N/A 12,300 Kinder Morgan Energy Partners Limited Partnership Common 494550106 140 2,700 SH Sole N/A 2,700 Kingsway Financial Services Inc. Common 496904103 11,485 1,667,767 SH Sole N/A 1,667,767 Kinross Gold Corporation Common 496902404 53,697 3,330,867 SH Sole N/A 3,330,867 Korea Electric Power Corporation ADR ADR 500631106 29,885 2,412,060 SH Sole N/A 2,412,060 Kraft Foods Inc. 'A' Class A 50075N104 8,793 268,485 SH Sole N/A 268,485 KT Corporation ADR ADR 48268K101 31,989 1,905,220 SH Sole N/A 1,905,220 Laboratory Corporation of America Holdings Limited Common 50540R409 3,802 54,700 SH Sole N/A 54,700 Landec Corporation Common 514766104 1,594 194,600 SH Sole N/A 194,600 Lawson Software Inc. Common 52078P102 3,640 520,000 SH Sole N/A 520,000 La-Z-Boy Inc. Common 505336107 14,033 1,505,640 SH Sole N/A 1,505,640 Lincoln National Corporation Common 534187109 8,330 194,581 SH Sole N/A 194,581 Lululemon Athletica Inc. Common 550021109 2,379 103,300 SH Sole N/A 103,300 Luminex Corporation Common 55027E102 1,276 51,028 SH Sole N/A 51,028 Lundin Mining Corporation Common 550372106 6,124 2,054,454 SH Sole N/A 2,054,454 Macy's Inc. Common 55616P104 1,578 87,751 SH Sole N/A 87,751 Manulife Financial Corporation Common 56501R106 143,402 3,971,275 SH Sole N/A 3,971,275 Marathon Oil Corporation Common 565849106 355 8,892 SH Sole N/A 8,892 Mariner Energy Inc. Common 56845T305 50 2,427 SH Sole N/A 2,427 Marvel Entertainment Inc. Common 57383T103 1,113 32,600 SH Sole N/A 32,600 McDermott International Inc. Common 580037109 13,582 531,600 SH Sole N/A 531,600 McKesson Corporation Common 58155Q103 22,713 422,100 SH Sole N/A 422,100 MEMC Electronic Materials Inc. Common 552715104 9,812 347,200 SH Sole N/A 347,200 Mentor Corporation Common 587188103 830 34,800 SH Sole N/A 34,800 Merck & Company Inc. Common 589331107 44,802 1,419,597 SH Sole N/A 1,419,597 MICROS Systems Inc. Common 594901100 2,858 107,200 SH Sole N/A 107,200 Mindray Medical International Limited ADR ADR 602675100 944 28,000 SH Sole N/A 28,000 Minefinders Corporation Limited Common 602900102 3,061 408,216 SH Sole N/A 408,216 Monsanto Company Common 61166W101 33,821 341,700 SH Sole N/A 341,700 Moody's Corporation Common 615369105 15,297 449,904 SH Sole N/A 449,904 Moog Inc. 'A' Class A 615394202 2,144 50,000 SH Sole N/A 50,000 Murphy Oil Corporation Common 626717102 8,030 125,200 SH Sole N/A 125,200 National Oilwell Varco Inc. Common 637071101 8,388 167,000 SH Sole N/A 167,000 National Retail Properties Inc. Common 637417106 809 33,797 SH Sole N/A 33,797 Nevsun Resources Limited Common 64156L101 1,356 1,187,900 SH Sole N/A 1,187,900 New Gold Inc. Common 644535106 15,576 3,342,572 SH Sole N/A 3,342,572 New Oriental Education & Technology Group Inc. ADR ADR 647581107 964 15,000 SH Sole N/A 15,000 Newmont Mining Corporation Common 651639106 6,314 162,896 SH Sole N/A 162,896 Nexen Inc. Common 65334H102 64,110 2,751,543 SH Sole N/A 2,751,543 Nike Inc. 'B' Class B 654106103 22,110 330,500 SH Sole N/A 330,500 NiSource Inc. Common 65473P105 1,455 98,559 SH Sole N/A 98,559 Noble Energy Inc. Common 655044105 78 1,400 SH Sole N/A 1,400 Nokia Oyj ADR ADR 654902204 259 13,900 SH Sole N/A 13,900 Nortel Networks Corporation Common 656568508 2 689 SH Sole N/A 689 North American Energy Partners Inc. Common 656844107 104 10,000 SH Sole N/A 10,000 Northern Trust Corporation Common 665859104 7,372 102,100 SH Sole N/A 102,100 Northgate Minerals Corporation Common 666416102 1,634 1,219,870 SH Sole N/A 1,219,870 Northrop Grumman Corporation Common 666807102 10,249 169,298 SH Sole N/A 169,298 Novabay Pharmaceuticals Inc. Common 66987P102 983 578,300 SH Sole N/A 578,300 Novo Nordisk AS ADR ADR 670100205 5,238 102,300 SH Sole N/A 102,300 NUCRYST Pharmaceuticals Corporation Common 67035Q100 143 210,000 SH Sole N/A 210,000 Occidental Petroleum Corporation Common 674599105 4,706 66,800 SH Sole N/A 66,800 Old Republic International Corporation Common 680223104 22,867 1,793,484 SH Sole N/A 1,793,484 Omnicom Group Inc. Common 681919106 18,725 485,600 SH Sole N/A 485,600 Open Text Corporation Common 683715106 23,339 688,600 SH Sole N/A 688,600 Oracle Corporation Common 68389X105 4,923 242,404 SH Sole N/A 242,404 Orezone Resources Inc. Common 685921108 4,029 8,726,400 SH Sole N/A 8,726,400 Pepsico Inc. Common 713448108 6,282 88,144 SH Sole N/A 88,144 PerkinElmer Inc. Common 714046109 90 3,600 SH Sole N/A 3,600 Petro-Canada Common 71644E102 89,225 2,671,964 SH Sole N/A 2,671,964 Petrohawk Energy Corporation Common 716495106 2,596 120,000 SH Sole N/A 120,000 PETROLEO BRASILEIRO SA - PETROBRAS ADR ADR 71654V408 1,875 42,656 SH Sole N/A 42,656 PHH Corporation Common 693320202 1 40 SH Sole N/A 40 Philip Morris International Inc. Common 718172109 18,542 385,491 SH Sole N/A 385,491 Phillips-Van Heusen Corporation Common 718592108 1,342 35,400 SH Sole N/A 35,400 Pitney Bowes Inc. Common 724479100 98 2,955 SH Sole N/A 2,955 Polycom Inc. Common 73172K104 3,655 158,000 SH Sole N/A 158,000 Potash Corporation of Saskatchewan Inc. Common 73755L107 39,150 300,810 SH Sole N/A 300,810 Precision Drilling Trust TrUnit 740215108 413 25,000 SH Sole N/A 25,000 ProLogis Common 743410102 411 9,953 SH Sole N/A 9,953 Public Storage Inc. Common 74460D109 941 9,500 SH Sole N/A 9,500 Public Storage Inc. Preferred 'A' Class A 74460D729 1 52 SH Sole N/A 52 QUALCOMM Inc. Common 747525103 21,820 507,800 SH Sole N/A 507,800 Quest Capital Corporation Common 74835U109 2,205 1,601,100 SH Sole N/A 1,601,100 Quicksilver Resources Inc. Common 74837R104 10,408 530,200 SH Sole N/A 530,200 RadioShack Corporation Common 750438103 37,940 2,195,587 SH Sole N/A 2,195,587 Randgold Resources Limited ADR ADR 752344309 57,466 1,406,302 SH Sole N/A 1,406,302 Raymond James Financial Inc. Common 754730109 3,598 109,100 SH Sole N/A 109,100 Raytheon Company Common 755111507 4,736 88,500 SH Sole N/A 88,500 Research In Motion Limited Common 760975102 85,373 1,262,049 SH Sole N/A 1,262,049 Rogers Communications Inc. 'B' Class B 775109200 81,247 2,495,057 SH Sole N/A 2,495,057 Rowan Companies Inc. Common 779382100 76 2,500 SH Sole N/A 2,500 Royal Bank of Canada Common 780087102 98,405 2,065,713 SH Sole N/A 2,065,713 Royal Dutch Shell PLC 'A' ADR ADR 780259206 944 16,000 SH Sole N/A 16,000 Rubicon Technology Inc. Common 78112T107 82 11,300 SH Sole N/A 11,300 SandRidge Energy Inc. Common 80007P307 396 20,215 SH Sole N/A 20,215 SAP AG ADR ADR 803054204 96 1,800 SH Sole N/A 1,800 Satyam Computer Services Limited ADR ADR 804098101 1,385 90,934 SH Sole N/A 90,934 Shaw Communications Inc. 'B' Class B 82028K200 2,032 100,000 SH Sole N/A 100,000 Sherwin-Williams Company Common 824348106 27,472 480,615 SH Sole N/A 480,615 Sierra Wireless Inc. Common 826516106 11,317 1,152,700 SH Sole N/A 1,152,700 Simon Property Group Inc. Common 828806109 1,775 18,300 SH Sole N/A 18,300 SkyWest Inc. Common 830879102 1,700 106,400 SH Sole N/A 106,400 Solitario Exploration & Royalty Corporation Common 8342EP107 1,878 535,200 SH Sole N/A 535,200 Southwestern Energy Company Common 845467109 6,957 227,800 SH Sole N/A 227,800 SPDR Gold Trust Shs 78463V107 17,157 201,682 SH Sole N/A 201,682 Spirit AeroSystems Holdings Inc. 'A' Class A 848574109 1,957 121,800 SH Sole N/A 121,800 St. Jude Medical Inc. Common 790849103 239 5,500 SH Sole N/A 5,500 Stantec Inc. Common 85472N109 18,261 759,731 SH Sole N/A 759,731 Stone Energy Corporation Common 861642106 1,343 31,730 SH Sole N/A 31,730 Sun Life Financial Inc. Common 866796105 69,549 1,981,942 SH Sole N/A 1,981,942 Suncor Energy Inc. Common 867229106 69,656 1,678,222 SH Sole N/A 1,678,222 SunOpta Inc. Common 8676EP108 6,595 1,070,484 SH Sole N/A 1,070,484 SunPower Corporation 'A' Class A 867652109 1,724 24,300 SH Sole N/A 24,300 SUPERVALU INC. Common 868536103 1,097 50,566 SH Sole N/A 50,566 SXC Health Solutions Corporation Common 78505P100 12,395 792,020 SH Sole N/A 792,020 T.Rowe Price Group Inc. Common 74144T108 26,200 487,800 SH Sole N/A 487,800 Talisman Energy Inc. Common 87425E103 99,308 7,009,095 SH Sole N/A 7,009,095 Taseko Mines Limited Common 876511106 569 285,800 SH Sole N/A 285,800 Teck Cominco Limited 'B' Class B 878742204 59,891 2,100,935 SH Sole N/A 2,100,935 Telmex Internacional SAB de CV ADR ADR Series L 879690105 3,912 304,973 SH Sole N/A 304,973 TELUS Corporation Non-Vtg 87971M202 1,503 41,800 SH Sole N/A 41,800 Temple-Inland Inc. Common 879868107 4,954 324,660 SH Sole N/A 324,660 Tenaris SA ADR ADR 88031M109 11,655 316,744 SH Sole N/A 316,744 Teva Pharmaceutical Industries Limited ADR ADR 881624209 41,019 895,800 SH Sole N/A 895,800 The Allstate Corporation Common 020002101 48,604 1,053,852 SH Sole N/A 1,053,852 The Andersons Inc. Common 034164103 1,997 56,700 SH Sole N/A 56,700 The Charles Schwab Corporation Common 808513105 30,963 1,190,900 SH Sole N/A 1,190,900 The Dun & Bradstreet Corporation Common 26483E100 22,331 236,655 SH Sole N/A 236,655 The Goldman Sachs Group Inc. Common 38141G104 14,195 110,900 SH Sole N/A 110,900 The Hartford Financial Services Group Inc. Common 416515104 32,020 781,166 SH Sole N/A 781,166 The Mosaic Company Common 61945A107 1,422 20,900 SH Sole N/A 20,900 The Procter & Gamble Company Common 742718109 15,422 221,300 SH Sole N/A 221,300 The Williams Companies Inc. Common 969457100 17,272 730,310 SH Sole N/A 730,310 Thermo Fisher Scientific Inc. Common 883556102 5,599 101,800 SH Sole N/A 101,800 Thompson Creek Metals Company Common 884768102 890 95,710 SH Sole N/A 95,710 Thomson Reuters Corporation Common 884903105 38,730 1,419,200 SH Sole N/A 1,419,200 Tim Hortons Inc. Common 88706M103 20,741 708,600 SH Sole N/A 708,600 Toronto-Dominion Bank Common 891160509 133,153 2,202,789 SH Sole N/A 2,202,789 TOTAL SA ADR ADR 89151E109 643 10,600 SH Sole N/A 10,600 TransCanada Corporation Common 89353D107 16,256 451,490 SH Sole N/A 451,490 U.S. Bancorp Common 902973304 46,240 1,283,742 SH Sole N/A 1,283,742 Ultra Petroleum Corporation Common 903914109 14,482 261,700 SH Sole N/A 261,700 UltraShort Industrials ProShares ETF Ultrashrt Indl 74347R594 22,139 283,253 SH Sole N/A 283,253 UltraShort S&P500 ProShares ETF Ultrashrt SP500 74347R883 12,236 173,800 SH Sole N/A 173,800 Unibanco-Uniao de Bancos Brasileiros SA GDR GdrRepPfd UT 90458E107 13 125 SH Sole N/A 125 United Natural Foods Inc. Common 911163103 3,933 157,400 SH Sole N/A 157,400 United Technologies Corporation Common 913017109 43,369 722,100 SH Sole N/A 722,100 UnitedHealth Group Inc. Common 91324P102 203 8,000 SH Sole N/A 8,000 Unum Group Common 91529Y106 13,421 534,684 SH Sole N/A 534,684 Urban Outfitters Inc. Common 917047102 2,754 86,400 SH Sole N/A 86,400 Ur-Energy Inc. Common 91688R108 159 251,700 SH Sole N/A 251,700 Valero Energy Corporation Common 91913Y100 630 20,800 SH Sole N/A 20,800 Varian Medical Systems Inc. Common 92220P105 246 4,300 SH Sole N/A 4,300 VCA Antech Inc. Common 918194101 1,264 42,900 SH Sole N/A 42,900 Verizon Communications Inc. Common 92343V104 48,379 1,507,596 SH Sole N/A 1,507,596 Visa Inc. 'A' Class A 92826C839 6 90 SH Sole N/A 90 Wachovia Corporation Common 929903102 3,343 955,270 SH Sole N/A 955,270 Waste Management Inc. Common 94106L109 18,999 603,328 SH Sole N/A 603,328 WellPoint Inc. Common 94973V107 374 8,000 SH Sole N/A 8,000 Western Digital Corporation Common 958102105 1,912 89,700 SH Sole N/A 89,700 Western Goldfields Inc. Common 95828P203 1,661 1,080,200 SH Sole N/A 1,080,200 WuXi PharmaTech Cayman Inc. ADR ADR Shs 929352102 1,052 80,000 SH Sole N/A 80,000 Wyeth Common 983024100 1,522 41,200 SH Sole N/A 41,200 Wyndham Worldwide Corporation Common 98310W108 299 19,060 SH Sole N/A 19,060 XTO Energy Inc. Common 98385X106 25,839 555,440 SH Sole N/A 555,440 Yamana Gold Inc. Common 98462Y100 60,747 7,370,134 SH Sole N/A 7,370,134 YM Biosciences Inc. Common 984238105 173 390,400 SH Sole N/A 390,400 Zimmer Holdings Inc. Common 98956P102 35,288 546,600 SH Sole N/A 546,600 Zoltek Companies Inc. Common 98975W104 1,608 94,000 SH Sole N/A 94,000 320 Records 4,839,832 201,229,871
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