Vice President, Chief Compliance Officer

0001567619-19-015431.txt : 20190730 0001567619-19-015431.hdr.sgml : 20190730 20190730155837 ACCESSION NUMBER: 0001567619-19-015431 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190730 DATE AS OF CHANGE: 20190730 EFFECTIVENESS DATE: 20190730 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: 19985432 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 primary_doc.xml 13F-HR LIVE false true false 0001157765 XXXXXXXX 06-30-2019 06-30-2019 AGF INVESTMENTS INC.

TORONTO-DOMINION BANK TOWER 66 WELLINGTON STREET WEST, 31ST FLOOR TORONTO A6 M5K 1E9

13F HOLDINGS REPORT 028-10049 N Jennifer Schwartz Vice President, Chief Compliance Officer 416-815-6225 /s/ Jennifer Schwartz Toronto A6 07-25-2019 1 335 8247965 false 1 0001479598 028-17612 AGF Investments LLC INFORMATION TABLE 2 form13fInfoTable.xml Materials Select Sector SPDR ETF ETF 81369Y100 29436 503178 SH OTR 1 0 503178 0 Health Care Select Sector SPDR ETF ETF 81369Y209 52561 567364 SH OTR 1 0 567364 0 Consumer Staples Select Sector SPDR ETF ETF 81369Y308 26938 463883 SH OTR 1 0 463883 0 SPDR S&P Consumer Discretionary Select Sector ETF ETF 81369Y407 38223 320663 SH OTR 1 0 320663 0 SPDR S&P Energy Select Sector ETF ETF 81369Y506 3142 49318 SH OTR 1 0 49318 0 Financial Select Sector SPDR ETF ETF 81369Y605 59216 2145517 SH OTR 1 0 2145517 0 Industrial Select Sector SPDR ETF ETF 81369Y704 56735 732816 SH OTR 1 0 732816 0 SPDR S&P Technology Select Sector ETF ETF 81369Y803 68152 873295 SH OTR 1 0 873295 0 Communication Services Select Sector SPDR Fund ETF 81369Y852 16199 329111 SH OTR 1 0 0 0 Real Estate Select Sector SPDR ETF ETF 81369Y860 20974 570409 SH OTR 1 0 0 0 Utilities Select Sector SPDR ETF ETF 81369Y886 3732 62578 SH OTR 1 0 62578 0 Aflac Inc. COM 001055102 53322 972850 SH SOLE NONE 972850 0 0 AGCO Corp. COM 001084102 73647 949430 SH SOLE NONE 949430 0 0 AMN Healthcare Services Inc. COM 001744101 332 6119 SH SOLE NONE 6119 0 0 AT&T Inc. COM 00206R102 107758 3215685 SH SOLE NONE 3215685 0 0 AbbVie Inc. COM 00287Y109 99564 1369148 SH SOLE NONE 1369148 0 0 Adaptive Biotechnologies Corp. COM 00650F109 121 2500 SH SOLE NONE 0 0 0 Adobe Inc. COM 00724F101 77004 261339 SH SOLE NONE 261339 0 0 AdvanSix Inc. COM 00773T101 1491 61023 SH SOLE NONE 61023 0 0 Agnico Eagle Mines Ltd. COM 008474108 12282 239561 SH SOLE NONE 239561 0 0 Alamos Gold Inc. COM 011532108 2539 420935 SH SOLE NONE 420935 0 0 Alaska Air Group Inc. COM 011659109 81127 1269400 SH SOLE NONE 1269400 0 0 Albemarle Corp. COM 012653101 879 12490 SH SOLE NONE 12490 0 0 Alexion Pharmaceuticals Inc. COM 015351109 697 5321 SH SOLE NONE 5321 0 0 Algonquin Power & Utilities Corp. COM 015857105 11447 944542 SH SOLE NONE 944542 0 0 Alibaba Group Holding Ltd. ADR ADR 01609W102 114242 674191 SH SOLE NONE 674191 0 0 Alphabet Inc. COM 02079K305 51187 47273 SH SOLE NONE 47273 0 0 Altaba Inc. COM 021346101 28251 407255 SH SOLE NONE 407255 0 0 Alteryx Inc. CCB 02156BAB9 2218 875000 PRN SOLE NONE 875000 0 0 Altria Group Inc. COM 02209S103 95764 2022464 SH SOLE NONE 2022464 0 0 Amarin Corp. PLC ADR ADR 023111206 9144 471583 SH SOLE NONE 471583 0 0 Amazon.com Inc. COM 023135106 199888 105558 SH SOLE NONE 105558 0 0 American Water Works Co. Inc. COM 030420103 3360 28962 SH SOLE NONE 28962 0 0 Amgen Inc. COM 031162100 27762 150649 SH SOLE NONE 150649 0 0 Amphenol Corp. COM 032095101 70810 738061 SH SOLE NONE 738061 0 0 Analog Devices Inc. COM 032654105 2825 25030 SH SOLE NONE 25030 0 0 AngloGold Ashanti Ltd. ADR ADR 035128206 1004 56400 SH SOLE NONE 56400 0 0 ANSYS Inc. COM 03662Q105 1610 7863 SH SOLE NONE 7863 0 0 Apple Inc. COM 037833100 20719 104686 SH SOLE NONE 104686 0 0 Atmos Energy Corp. COM 049560105 947 8970 SH SOLE NONE 8970 0 0 Avantor Inc. Preferred CPFD 05352A209 1323 20000 SH SOLE NONE 0 0 0 Avery Dennison Corp. COM 053611109 325 2808 SH SOLE NONE 2808 0 0 Azul SA ADR ADR 05501U106 5726 171227 SH SOLE NONE 171227 0 0 BCE Inc. COM 05534B760 10470 230127 SH SOLE NONE 230127 0 0 BRP Inc. COM 05577W200 12743 356581 SH SOLE NONE 356581 0 0 Baidu Inc. ADR ADR 056752108 798 6800 SH SOLE NONE 680 0 0 Bank Of America Corp. CPFD 060505682 1142 833 SH SOLE NONE 833 0 0 Bank of Montreal COM 063671101 28304 374702 SH SOLE NONE 374702 0 0 Bank of Nova Scotia COM 064149107 57054 1062193 SH SOLE NONE 1062193 0 0 Barrick Gold Corp. COM 067901108 10461 663366 SH SOLE NONE 663366 0 0 Becton Dickinson and Co. COM 075887109 252 1000 SH SOLE NONE 1000 0 0 Becton Dickinson and Co. Preferred PFD 075887208 2334 37700 SH SOLE NONE 37700 0 0 Berkshire Hathaway Inc. COM 084670702 28343 132958 SH SOLE NONE 13 0 0 Booking Holdings Inc. COM 09857L108 16392 8744 SH SOLE NONE 8744 0 0 Booz Allen Hamilton Holding Corp. COM 099502106 56872 858966 SH SOLE NONE 858966 0 0 Boston Properties Inc. REIT REIT 101121101 1726 13379 SH SOLE NONE 13379 0 0 Boston Scientific Corp. COM 101137107 988 22987 SH SOLE NONE 22987 0 0 Brighthouse Financial Inc. COM 10922N103 3477 94766 SH SOLE NONE 94766 0 0 Bristol-Myers Squibb Co. COM 110122108 56474 1245299 SH SOLE NONE 1245299 0 0 Broadcom Inc. COM 11135F101 40128 139400 SH SOLE NONE 139400 0 0 Brookfield Asset Management Inc. COM 112585104 27617 577258 SH SOLE NONE 577258 0 0 B2Gold Corp. COM 11777Q209 3891 1280260 SH SOLE NONE 1280260 0 0 CAE Inc. COM 124765108 5079 188918 SH SOLE NONE 188918 0 0 CBRE Group Inc. COM 12504L109 900 17536 SH SOLE NONE 17536 0 0 CGI Inc. COM 12532H104 37210 483992 SH SOLE NONE 483992 0 0 Cigna Corp. COM 125523100 19851 126000 SH SOLE NONE 126000 0 0 CME Group Inc. COM 12572Q105 291 1500 SH SOLE NONE 1500 0 0 CRH Medical Corp. COM 12626F105 34 11369 SH SOLE NONE 11369 0 0 CSX Corp. COM 126408103 95660 1236398 SH SOLE NONE 1236398 0 0 CVS Health Corp. COM 126650100 33995 623867 SH SOLE NONE 623867 0 0 Camden Property Trust REIT REIT 133131102 942 9020 SH SOLE NONE 9020 0 0 Canadian National Railway Co. COM 136375102 42930 463857 SH SOLE NONE 463857 0 0 Canadian Natural Resources Ltd. COM 136385101 38291 1420100 SH SOLE NONE 1420100 0 0 Canadian Pacific Railway Ltd. COM 13645T100 24970 106018 SH SOLE NONE 106018 0 0 Caterpillar Inc. COM 149123101 67651 496373 SH SOLE NONE 496373 0 0 Cemex SAB de CV CCB 151290BT9 4387 4400000 PRN SOLE NONE 0 0 0 Centene Corp. COM 15135B101 73565 1402832 SH SOLE NONE 1402832 0 0 Cenovus Energy Inc. COM 15135U109 1631 184897 SH SOLE NONE 184897 0 0 Charles & Colvard Ltd. COM 159765106 2884 1825000 SH SOLE NONE 1825000 0 0 The Chefs' Warehouse Inc. COM 163086101 10899 310784 SH SOLE NONE 310784 0 0 Chegg Inc. COM 163092109 3859 100000 SH SOLE NONE 100000 0 0 Cheniere Energy Inc. COM 16411R208 937 13687 SH SOLE NONE 13687 0 0 Chevron Corp. COM 166764100 7429 59701 SH SOLE NONE 59701 0 0 Cisco Systems Inc. COM 17275R102 17992 328733 SH SOLE NONE 328733 0 0 The Coca-Cola Co. COM 191216100 2931 57568 SH SOLE NONE 57568 0 0 IH Merger Sub LLC CCB 19625XAB8 1525 1250000 PRN SOLE NONE 1250000 0 0 Comcast Corp. COM 20030N101 21382 505718 SH SOLE NONE 59321 0 0 Concho Resources Inc. COM 20605P101 1196 11593 SH SOLE NONE 11593 0 0 ConocoPhillips COM 20825C104 2510 41153 SH SOLE NONE 41153 0 0 CoreSite Realty Corp. REIT REIT 21870Q105 938 8141 SH SOLE NONE 8141 0 0 Corning Inc. COM 219350105 46777 1407678 SH SOLE NONE 1407678 0 0 Corteva Inc. COM 22052L104 3259 110206 SH SOLE NONE 110206 0 0 Costco Wholesale Corp. COM 22160K105 101973 385881 SH SOLE NONE 385881 0 0 Coupa Software Inc. COM 22266L106 6331 50000 SH SOLE NONE 50000 0 0 Coupa Software Inc. CCB 22266LAB2 1428 500000 PRN SOLE NONE 500000 0 0 Covetrus Inc. COM 22304C100 27 1124 SH SOLE NONE 1124 0 0 Cree Inc. COM 225447101 12349 219804 SH SOLE NONE 219804 0 0 Ctrip.com International Ltd. ADR ADR 22943F100 31243 846452 SH SOLE NONE 105807 0 0 Ctrip.com International Ltd. CCB 22943FAM2 2557 2573000 PRN SOLE NONE 321625 0 0 Cummins Inc. COM 231021106 1226 7156 SH SOLE NONE 7156 0 0 Danaher Corp. COM 235851102 23127 161820 SH SOLE NONE 161820 0 0 Danaher Corp. Preferred CPFD 235851300 1373 1250 SH SOLE NONE 1250 0 0 The Descartes Systems Group Inc. COM 249906108 2258 61042 SH SOLE NONE 61042 0 0 The Walt Disney Co. COM 254687106 27056 193758 SH SOLE NONE 193758 0 0 DocuSign Inc. COM 256163106 6462 130000 SH SOLE NONE 130000 0 0 Dollar General Corp. COM 256677105 25112 185797 SH SOLE NONE 185797 0 0 Dow Inc. COM 260557103 6706 136005 SH SOLE NONE 136005 0 0 Duke Energy Corp. COM 26441C204 1321 14970 SH SOLE NONE 14970 0 0 Dupont De Nemours Inc. COM 26614N102 10204 135921 SH SOLE NONE 135921 0 0 Eastman Chemical Co. COM 277432100 3635 46700 SH SOLE NONE 46700 0 0 Ecolab Inc. COM 278865100 7086 35889 SH SOLE NONE 35889 0 0 eHealth Inc. COM 28238P109 5618 65246 SH SOLE NONE 65246 0 0 Elanco Animal Health Inc. COM 28414H103 1690 50000 SH SOLE NONE 50000 0 0 Emerson Electric Co. COM 291011104 3146 47159 SH SOLE NONE 47159 0 0 Encana Corp. COM 292505104 855 166648 SH SOLE NONE 166648 0 0 Enbridge Inc. COM 29250N105 41099 1137997 SH SOLE NONE 1137997 0 0 Enerplus Corp. COM 292766102 11548 1535323 SH SOLE NONE 1535323 0 0 Entergy Corp. COM 29364G103 1960 19038 SH SOLE NONE 19038 0 0 Enterprise Products Partners LP COM 293792107 1780 61654 SH SOLE NONE 61654 0 0 Equinix Inc. REIT REIT 29444U700 4709 9338 SH SOLE NONE 9338 0 0 Etsy Inc. COM 29786A106 3989 65000 SH SOLE NONE 65000 0 0 Evercore Inc. COM 29977A105 6643 75000 SH SOLE NONE 75000 0 0 Exelon Corp. COM 30161N101 199 4149 SH SOLE NONE 4149 0 0 Exxon Mobil Corp. COM 30231G102 57529 750739 SH SOLE NONE 750739 0 0 First Solar Inc. COM 336433107 1642 24994 SH SOLE NONE 24994 0 0 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 17394 179785 SH SOLE NONE 179785 0 0 Fortive Corp. Preferred PFD 34959J207 875 850 SH SOLE NONE 850 0 0 AGFiQ Dynamic Hedged U.S. Equity ETF ETF 351680749 2311 90000 SH SOLE NONE 0 0 0 AGFiQ Global Infrastructure ETF ETF 351680756 2317 90000 SH SOLE NONE 0 0 0 Franco-Nevada Corp. COM 351858105 7036 82900 SH SOLE NONE 82900 0 0 Franklin FTSE Japan ETF ETF 35473P744 61161 2546269 SH SOLE NONE 0 0 0 GW Pharmaceuticals PLC ADR ADR 36197T103 5724 33205 SH SOLE NONE 33205 0 0 Garrett Motion Inc. COM 366505105 2020 131604 SH SOLE NONE 131604 0 0 Global Payments Inc. COM 37940X102 84366 526857 SH SOLE NONE 526857 0 0 Global X MSCI Norway ETF ETF 37950E747 11780 966121 SH SOLE NONE 966121 0 0 Gold Standard Ventures Corp. COM 380738104 474 453400 SH SOLE NONE 453400 0 0 Golden Star Resources Ltd. COM 38119T807 893 220580 SH SOLE NONE 220580 0 0 Goosehead Insurance Inc. COM 38267D109 1487 31101 SH SOLE NONE 31101 0 0 Granite Construction Inc. COM 387328107 2409 50000 SH SOLE NONE 50000 0 0 HDFC Bank Ltd. ADR ADR 40415F101 1428 10980 SH SOLE NONE 10980 0 0 Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT REIT 41068X100 2367 83991 SH SOLE NONE 83991 0 0 Hannon Armstrong Sustainable Infrastructure Capital Inc. CCB 41068XAB6 2153 1960000 PRN SOLE NONE 1960000 0 0 HEICO Corp. COM 422806109 13067 97656 SH SOLE NONE 97656 0 0 The Home Depot Inc. COM 437076102 35124 168888 SH SOLE NONE 168888 0 0 Honeywell International Inc. COM 438516106 251894 1442773 SH SOLE NONE 1442773 0 0 Hudbay Minerals Inc. COM 443628102 2536 468379 SH SOLE NONE 468379 0 0 Huntington Ingalls Industries Inc. COM 446413106 21124 93992 SH SOLE NONE 93992 0 0 IDEXX Laboratories Inc. COM 45168D104 44178 160453 SH SOLE NONE 160453 0 0 Illumina Inc. COM 452327109 63088 171364 SH SOLE NONE 171364 0 0 Illumina Inc. CCB 452327AH2 1195 775000 PRN SOLE NONE 775000 0 0 ING Groep NV ADR ADR 456837103 6 554 SH SOLE NONE 554 0 0 Ingredion Inc. COM 457187102 196 2374 SH SOLE NONE 2374 0 0 Innoviva Inc. CCB 45781MAB7 826 750000 PRN SOLE NONE 750000 0 0 Intel Corp. COM 458140100 11743 245309 SH SOLE NONE 245309 0 0 International Business Machines Corp. COM 459200101 36713 266226 SH SOLE NONE 266226 0 0 International Flavors & Fragrances Inc. COM 459506101 0 1 SH SOLE NONE 1 0 0 Intuit Inc. COM 461202103 73973 283065 SH SOLE NONE 283065 0 0 IQVIA Holdings Inc. COM 46266C105 25604 159130 SH SOLE NONE 159130 0 0 Iron Mountain Inc. REIT REIT 46284V101 3300 105440 SH SOLE NONE 105440 0 0 iShares MSCI World ETF ETF 464286392 15 166 SH SOLE NONE 166 0 0 iShares JP Morgan EM Local Currency Bond ETF ETF 464286517 4 93 SH SOLE NONE 93 0 0 iShares MSCI Thailand ETF ETF 464286624 15025 157178 SH SOLE NONE 157178 0 0 iShares MSCI Pacific ex Japan ETF ETF 464286665 3 62 SH SOLE NONE 62 0 0 iShares MSCI Spain ETF ETF 464286764 7141 247009 SH SOLE NONE 247009 0 0 iShares MSCI South Korea ETF ETF 464286772 37799 631351 SH SOLE NONE 631351 0 0 iShares Core S&P 500 ETF ETF 464287200 94783 321570 SH SOLE NONE 321570 0 0 iShares MSCI Emerging Markets ETF ETF 464287234 9655 225000 SH SOLE NONE 225000 0 0 iShares JP Morgan USD Emerging Markets Bond ETF ETF 464288281 1 13 SH SOLE NONE 13 0 0 iShares iBoxx ETF 464288513 6 65 SH SOLE NONE 65 0 0 iShares MSCI India ETF ETF 46429B598 24776 701866 SH SOLE NONE 701866 0 0 iShares MSCI China ETF ETF 46429B671 35345 594537 SH SOLE NONE 594537 0 0 iShares MSCI Singapore ETF ETF 46434G780 66182 2679417 SH SOLE NONE 2679417 0 0 iShares MSCI Japan ETF ETF 46434G822 59550 1091058 SH SOLE NONE 1091058 0 0 iShares MSCI Italy ETF ETF 46434G830 12833 465825 SH SOLE NONE 465825 0 0 JPMorgan Chase & Co. COM 46625H100 174834 1563811 SH SOLE NONE 1563811 0 0 Jacobs Engineering Group Inc. COM 469814107 85299 1010774 SH SOLE NONE 1010774 0 0 Jazz Investments I Ltd. CCB 472145AB7 1018 1000000 PRN SOLE NONE 1000000 0 0 Johnson & Johnson COM 478160104 40355 289740 SH SOLE NONE 289740 0 0 Jones Lang Lasalle Inc. COM 48020Q107 275 1954 SH SOLE NONE 1954 0 0 Kellogg Co. COM 487836108 1106 20654 SH SOLE NONE 20654 0 0 Keysight Technologies Inc. COM 49338L103 61883 689047 SH SOLE NONE 689047 0 0 Kirkland Lake Gold Ltd. COM 49741E100 14612 339157 SH SOLE NONE 339157 0 0 The Kraft Heinz Co. COM 500754106 29841 961367 SH SOLE NONE 961367 0 0 LG Display Co. Ltd. ADR ADR 50186V102 2340 301992 SH SOLE NONE 301992 0 0 LPL Financial Holdings Inc. COM 50212V100 4079 50000 SH SOLE NONE 50000 0 0 Liberty Interactive LLC CCB 530715AN1 1063 1200000 PRN SOLE NONE 1200000 0 0 Lincoln National Corp. COM 534187109 9140 141814 SH SOLE NONE 141814 0 0 LivePerson Inc. COM 538146101 3505 125000 SH SOLE NONE 125000 0 0 Lockheed Martin Corp. COM 539830109 26565 73072 SH SOLE NONE 73072 0 0 Lululemon Athletica Inc. COM 550021109 7232 40131 SH SOLE NONE 40131 0 0 MAG Silver Corp. COM 55903Q104 1219 115550 SH SOLE NONE 115550 0 0 Magna International Inc. COM 559222401 2533 50916 SH SOLE NONE 50916 0 0 Manulife Financial Corp. COM 56501R106 44505 2448788 SH SOLE NONE 2448788 0 0 Marathon Petroleum Corp. COM 56585A102 3515 62894 SH SOLE NONE 62894 0 0 MarketAxess Holdings Inc. COM 57060D108 17678 55000 SH SOLE NONE 55000 0 0 Martin Marietta Materials Inc. COM 573284106 968 4205 SH SOLE NONE 4205 0 0 McCormick and Co. Inc. COM 579780206 2926 18874 SH SOLE NONE 0 0 0 McDonald's Corp. COM 580135101 33270 160215 SH SOLE NONE 160215 0 0 MercadoLibre Inc. COM 58733R102 4304 7036 SH SOLE NONE 7036 0 0 MetLife Inc. COM 59156R108 50880 1024366 SH SOLE NONE 1024366 0 0 Microsoft Corp. COM 594918104 49581 370120 SH SOLE NONE 370120 0 0 Mondelez International Inc. COM 609207105 133904 2484296 SH SOLE NONE 2484296 0 0 Monolithic Power Systems Inc. COM 609839105 1514 11153 SH SOLE NONE 11153 0 0 Moody's Corp. COM 615369105 122165 625492 SH SOLE NONE 625492 0 0 NXP Semiconductors NV CCB 62952QAB6 1054 1000000 PRN SOLE NONE 1000000 0 0 Natera Inc. COM 632307104 4689 170000 SH SOLE NONE 170000 0 0 National Retail Properties Inc. REIT REIT 637417106 44193 833666 SH SOLE NONE 833666 0 0 Netflix Inc. COM 64110L106 87496 238201 SH SOLE NONE 238201 0 0 NetEase Inc. ADR ADR 64110W102 2310 9030 SH SOLE NONE 225750 0 0 Newmont Goldcorp Corp. COM 651639106 8360 217325 SH SOLE NONE 217325 0 0 NextEra Energy Inc. COM 65339F101 1956 9547 SH SOLE NONE 9547 0 0 Northrop Grumman Corp. COM 666807102 135432 419151 SH SOLE NONE 419151 0 0 Nutrien Ltd. COM 67077M108 79476 1486157 SH SOLE NONE 1486157 0 0 Occidental Petroleum Corp. COM 674599105 63812 1269142 SH SOLE NONE 1269142 0 0 Okta Inc. COM 679295105 9263 75000 SH SOLE NONE 75000 0 0 Okta Inc. CCB 679295AB1 2304 889000 PRN SOLE NONE 889000 0 0 Old Dominion Freight Line Inc. COM 679580100 62251 417065 SH SOLE NONE 417065 0 0 Omnicom Group Inc. COM 681919106 63013 768919 SH SOLE NONE 768919 0 0 Open Text Corp. COM 683715106 10657 258246 SH SOLE NONE 258246 0 0 Oracle Corp. COM 68389X105 19690 345628 SH SOLE NONE 345628 0 0 Osisko Gold Royalties Ltd. COM 68827L101 919 88168 SH SOLE NONE 88168 0 0 Pan American Silver Corp. COM 697900108 1214 93963 SH SOLE NONE 93963 0 0 Pattern Energy Group Inc. CCB 70338PAB6 4159 4118000 PRN SOLE NONE 4118000 0 0 PayPal Holdings Inc. COM 70450Y103 60344 527202 SH SOLE NONE 527202 0 0 Pembina Pipeline Corp. COM 706327103 17719 475986 SH SOLE NONE 475986 0 0 PepsiCo Inc. COM 713448108 28414 216688 SH SOLE NONE 216688 0 0 Petroleo Brasileiro SA ADR ADR 71654V408 176 11273 SH SOLE NONE 11273 0 0 Pfizer Inc. COM 717081103 23486 542158 SH SOLE NONE 542158 0 0 Philip Morris International Inc. COM 718172109 102214 1301586 SH SOLE NONE 1301586 0 0 Planet Fitness Inc. COM 72703H101 6175 85237 SH SOLE NONE 85237 0 0 Pluralsight Inc. COM 72941B106 3032 100000 SH SOLE NONE 100000 0 0 Precision Drilling Corp. COM 74022D308 5473 2913721 SH SOLE NONE 2913721 0 0 T Rowe Price Group Inc. COM 74144T108 73466 669635 SH SOLE NONE 669635 0 0 Booking Holdings Inc. CB 741503AS5 2015 1400000 SH SOLE NONE 1400000 0 0 Primerica Inc. COM 74164M108 72640 605584 SH SOLE NONE 605584 0 0 The Procter & Gamble Co. COM 742718109 21681 197729 SH SOLE NONE 197729 0 0 The Progressive Corp. COM 743315103 64942 812480 SH SOLE NONE 812480 0 0 Prologis Inc. REIT REIT 74340W103 41706 520680 SH SOLE NONE 520680 0 0 Resideo Technologies Inc. COM 76118Y104 4823 220033 SH SOLE NONE 220033 0 0 Restaurant Brands International Inc. COM 76131D103 9060 130276 SH SOLE NONE 130276 0 0 Rogers Communications Inc. COM 775109200 24209 452249 SH SOLE NONE 0 0 0 Roper Technologies Inc. COM 776696106 6935 18935 SH SOLE NONE 18935 0 0 Royal Bank of Canada COM 780087102 81965 1031396 SH SOLE NONE 1031396 0 0 SPDR Bloomberg Barclays ETF 78468R663 108828 1187953 SH SOLE NONE 1187953 0 0 SSR Mining Inc. COM 784730103 1661 121398 SH SOLE NONE 121398 0 0 Sandstorm Gold Ltd. COM 80013R206 593 106742 SH SOLE NONE 106742 0 0 SAP SE ADR ADR 803054204 6870 50218 SH SOLE NONE 50218 0 0 Henry Schein Inc. COM 806407102 197 2816 SH SOLE NONE 2816 0 0 Sempra Energy COM 816851109 960 6982 SH SOLE NONE 6982 0 0 ServiceNow Inc. COM 81762P102 69166 251907 SH SOLE NONE 251907 0 0 ServiceNow Inc. CCB 81762PAC6 1140 550000 PRN SOLE NONE 550000 0 0 Shaw Communications Inc. COM 82028K200 4229 207242 SH SOLE NONE 0 0 0 The Sherwin-Williams Co. COM 824348106 72646 158515 SH SOLE NONE 158515 0 0 Shopify Inc. COM 82509L107 12024 40060 SH SOLE NONE 40060 0 0 Silver Standard Resources Inc. CCB 82823LAC0 999 1000000 PRN SOLE NONE 1000000 0 0 SilverCrest Metals Inc. COM 828363101 4920 1243832 SH SOLE NONE 1243832 0 0 Simon Property Group Inc. REIT REIT 828806109 405 2532 SH SOLE NONE 2532 0 0 AO Smith Corp. COM 831865209 841 17834 SH SOLE NONE 1783 0 0 Tesla Energy Operations Inc. CCB 83416TAC4 1206 1250000 PRN SOLE NONE 1250000 0 0 Solitario Zinc Corp. COM 8342EP107 36 111630 SH SOLE NONE 111630 0 0 Sony Corp. ADR ADR 835699307 7701 147000 SH SOLE NONE 1470 0 0 Southern Copper Corp. COM 84265V105 15902 409311 SH SOLE NONE 409311 0 0 Sprouts Farmers Market Inc. COM 85208M102 1381 73098 SH SOLE NONE 73098 0 0 Square Inc. COM 852234103 55516 765416 SH SOLE NONE 765416 0 0 Square Inc. CCB 852234AB9 2517 798000 PRN SOLE NONE 798000 0 0 Stifel Financial Corp. COM 860630102 11246 190414 SH SOLE NONE 190414 0 0 Stryker Corp. COM 863667101 411 2000 SH SOLE NONE 2000 0 0 Sun Life Financial Inc. COM 866796105 22547 544477 SH SOLE NONE 544477 0 0 Suncor Energy Inc. COM 867224107 35487 1137610 SH SOLE NONE 1137610 0 0 Synchrony Financial COM 87165B103 73273 2113427 SH SOLE NONE 2113427 0 0 The TJX Cos. Inc. COM 872540109 39371 744537 SH SOLE NONE 744537 0 0 T-Mobile US Inc. COM 872590104 111503 1503950 SH SOLE NONE 1503950 0 0 TAL Education Group ADR ADR 874080104 610 16000 SH SOLE NONE 5333 0 0 Teck Resources Ltd. COM 878742204 15753 682659 SH SOLE NONE 682659 0 0 TELUS Corp. COM 87971M103 23509 635951 SH SOLE NONE 635951 0 0 Tenaris SA ADR ADR 88031M109 21837 829998 SH SOLE NONE 829998 0 0 Tesla Inc. CCB 88160RAD3 936 950000 PRN SOLE NONE 950000 0 0 Teva Pharmaceutical Industries Ltd. ADR ADR 881624209 14334 1552994 SH SOLE NONE 1552994 0 0 Texas Instruments Inc. COM 882508104 827 7205 SH SOLE NONE 7205 0 0 Thermo Fisher Scientific Inc. COM 883556102 42108 143382 SH SOLE NONE 143382 0 0 3M Co. COM 88579Y101 63477 366197 SH SOLE NONE 366197 0 0 The Timken Co. COM 887389104 812 15808 SH SOLE NONE 15808 0 0 Toronto-Dominion Bank COM 891160509 76161 1303407 SH SOLE NONE 1303407 0 0 Trex Co. Inc. COM 89531P105 3991 55665 SH SOLE NONE 55665 0 0 Trimble Inc. COM 896239100 4726 104770 SH SOLE NONE 104770 0 0 Twilio Inc. COM 90138F102 4091 30000 SH SOLE NONE 30000 0 0 Twitter Inc. CCB 90184LAD4 5312 5550000 PRN SOLE NONE 5550000 0 0 Tyson Foods Inc. COM 902494103 2361 29244 SH SOLE NONE 29244 0 0 US Bancorp COM 902973304 25620 488929 SH SOLE NONE 488929 0 0 United Rentals Inc. COM 911363109 47751 360029 SH SOLE NONE 360029 0 0 United Technologies Corp. COM 913017109 24718 189848 SH SOLE NONE 189848 0 0 UnitedHealth Group Inc. COM 91324P102 107230 439448 SH SOLE NONE 439448 0 0 Universal Display Corp. COM 91347P105 9990 53120 SH SOLE NONE 53120 0 0 Valero Energy Corp. COM 91913Y100 1731 20219 SH SOLE NONE 20219 0 0 Vanguard Total Bond Market ETF ETF 921937835 15 182 SH SOLE NONE 0 0 0 Vanguard Total International Bond ETF ETF 92203J407 19 339 SH SOLE NONE 0 0 0 Vanguard FTSE Emerging Markets ETF ETF 922042858 11 254 SH SOLE NONE 254 0 0 Vanguard FTSE Europe ETF ETF 922042874 6 104 SH SOLE NONE 104 0 0 Vector Group Ltd. CCB 92240MBC1 1031 1000000 PRN SOLE NONE 1000000 0 0 Verint Systems Inc. COM 92343X100 562 10457 SH SOLE NONE 10457 0 0 Vermilion Energy Inc. COM 923725105 4730 217730 SH SOLE NONE 217730 0 0 Visa Inc. COM 92826C839 51238 295235 SH SOLE NONE 295235 0 0 WEC Energy Group Inc. COM 92939U106 333 4000 SH SOLE NONE 4000 0 0 Wabtec Corp. COM 929740108 2272 31663 SH SOLE NONE 31663 0 0 Walmart Inc. COM 931142103 26580 240563 SH SOLE NONE 240563 0 0 Waste Connections Inc. COM 94106B101 6246 65349 SH SOLE NONE 65349 0 0 Waste Management Inc. COM 94106L109 215988 1872132 SH SOLE NONE 1872132 0 0 Watts Water Technologies Inc. COM 942749102 1426 15299 SH SOLE NONE 15299 0 0 Anthem Inc. CCB 94973VBG1 1758 450000 PRN SOLE NONE 450000 0 0 Wells Fargo & Company COM 949746101 17950 379336 SH SOLE NONE 379336 0 0 Wells Fargo & Co. CPFD 949746804 1127 825 SH SOLE NONE 825 0 0 Western Copper And Gold Corp. COM 95805V108 45 68838 SH SOLE NONE 68838 0 0 Western Digital Corp. COM 958102105 50801 1068370 SH SOLE NONE 1068370 0 0 Westlake Chemical Corp. COM 960413102 819 11795 SH SOLE NONE 11795 0 0 Wheaton Precious Metals Corp. COM 962879102 8671 358552 SH SOLE NONE 358552 0 0 The Williams Cos. Inc. COM 969457100 79863 2848196 SH SOLE NONE 2848196 0 0 Workday Inc. COM 98138H101 68900 335148 SH SOLE NONE 335148 0 0 Workday Inc. CCB 98138HAD3 202 80000 PRN SOLE NONE 80000 0 0 Workday Inc. CCB 98138HAF8 899 600000 PRN SOLE NONE 600000 0 0 WPX Energy Inc. COM 98212B103 19005 1651169 SH SOLE NONE 1651169 0 0 Xylem Inc. COM 98419M100 5901 70554 SH SOLE NONE 70554 0 0 Zscaler Inc. COM 98980G102 5365 70000 SH SOLE NONE 70000 0 0 Accenture PLC COM G1151C101 23515 127269 SH SOLE NONE 127269 0 0 Brookfield Business Partners LP - Units UNIT G16234109 6396 164274 SH SOLE NONE 164274 0 0 Brookfield Infrastructure Partners LP LTD PART G16252101 3396 79238 SH SOLE NONE 79238 0 0 Brookfield Renewable Partners LP LTD PART G16258108 3531 102089 SH SOLE NONE 102089 0 0 Credicorp Ltd. COM G2519Y108 13422 58633 SH SOLE NONE 58633 0 0 Eaton Corp. PLC COM G29183103 1192 14312 SH SOLE NONE 14312 0 0 IHS Markit Ltd. COM G47567105 4809 75468 SH SOLE NONE 75468 0 0 Invesco Ltd. COM G491BT108 41791 2042577 SH SOLE NONE 2042577 0 0 Medtronic PLC COM G5960L103 5897 60552 SH SOLE NONE 60552 0 0 Aptiv PLC COM G6095L109 3396 42020 SH SOLE NONE 42020 0 0 Chubb Ltd. COM H1467J104 178207 1209909 SH SOLE NONE 1209909 0 0 Logitech International SA ADR H50430232 3996 100506 SH SOLE NONE 100506 0 0 Globant SA COM L44385109 6606 65371 SH SOLE NONE 65371 0 0