Analyst, Compliance and Legal Affairs

0001389191-19-000002.txt : 20190409 0001389191-19-000002.hdr.sgml : 20190409 20190409134239 ACCESSION NUMBER: 0001389191-19-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190409 DATE AS OF CHANGE: 20190409 EFFECTIVENESS DATE: 20190409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hexavest Inc. CENTRAL INDEX KEY: 0001389191 IRS NUMBER: 000000000 STATE OF INCORPORATION: A8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12180 FILM NUMBER: 19739120 BUSINESS ADDRESS: STREET 1: 1250 RENE-LEVESQUE STREET WEST STREET 2: SUITE 4200 CITY: MONTREAL STATE: A8 ZIP: H3B4W8 BUSINESS PHONE: 514-390-8484 MAIL ADDRESS: STREET 1: 1250 RENE-LEVESQUE STREET WEST STREET 2: SUITE 4200 CITY: MONTREAL STATE: A8 ZIP: H3B4W8 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001389191 XXXXXXXX 03-31-2019 03-31-2019 Hexavest Inc.

1250 RENE-LEVESQUE STREET WEST SUITE 4200 MONTREAL A8 H3B4W8

13F HOLDINGS REPORT 028-12180 N Jeffrey Alexander Davies Analyst, Compliance and Legal Affairs 5143901366 Jeffrey Alexander Davies Montreal A8 04-09-2019 0 412 7889410 false INFORMATION TABLE 2 SA13F19Q1.xml 2019 Q1 ABB LTD ADR (1 000375204 13 708 SH SOLE 0 0 708 AFLAC INC COMMON 001055102 77947 1558939 SH SOLE 1079058 0 479881 AG GROWTH INTL INC COMMON 001181106 1273 27318 SH SOLE 11851 0 15467 AES CORP COMMON 00130H105 83240 4603977 SH SOLE 3150865 0 1453112 AT&T INC COMMON 00206R102 41250 1315369 SH SOLE 998011 0 317358 ABBOTT LABS COMMON 002824100 68303 854423 SH SOLE 602119 0 252304 ADIDAS AG ADR(0.5 00687A107 84 690 SH SOLE 0 0 690 ADVANCE AUTO PARTS COMMON 00751Y106 478 2803 SH SOLE 2803 0 0 AGNICO EAGLE MINES COMMON 008474108 14339 329663 SH SOLE 266889 0 62774 AIR CANADA VTG AND 008911877 3452 143163 SH SOLE 51980 0 91183 AKBANK TURK ANONIM S ADR 009719501 25 11152 SH SOLE 11152 0 0 ALACER GOLD CORP COMMON 010679108 1195 439788 SH SOLE 189151 0 250637 ALAMOS GOLD IN COMMON 011532108 2870 564982 SH SOLE 301013 0 263969 ALGONQUIN POWER&UTIL COMMON 015857105 5598 497579 SH SOLE 184531 0 313048 ALIBABA GROUP HLDG UTIL SPONSOR 01609W102 17468 95740 SH SOLE 80000 0 15740 ALIMENT COUCHE-TARD UTIL CLASS B 01626P403 14385 244126 SH SOLE 100055 0 144071 ALLIANZ SE UTIL SP ADR 018805101 35 1559 SH SOLE 0 0 1559 ALLIED PROPERTIES UTIL REIT 019456102 3478 94246 SH SOLE 39352 0 54894 ALLSTATE CORP UTIL COMMON 020002101 43680 463791 SH SOLE 315644 0 148147 ALTRIA GROUP INC UTIL COMMON 02209S103 89430 1557192 SH SOLE 1092721 0 464471 AMBEV SA UTIL ADR REP 02319V103 38 8790 SH SOLE 8790 0 0 AMEREN CORPORATION UTIL COMMON 023608102 69923 950689 SH SOLE 654458 0 296231 AMERN ELEC PWR INC UTIL COMMON 025537101 57666 688551 SH SOLE 472163 0 216388 AMERICAN EQ INVT LIFUTIL COMMON 025676206 82 3029 SH SOLE 3029 0 0 AMERICAN EXPRESS CO UTIL COMMON 025816109 54381 497537 SH SOLE 352810 0 144727 AMERICAN WTR WKS CO UTIL COMMON 030420103 484 4640 SH SOLE 4640 0 0 AMGEN INC UTIL COMMON 031162100 32361 170341 SH SOLE 114963 0 55378 ANGLOGOLD ASHANTI UTIL ADR (1 035128206 16 1244 SH SOLE 0 0 1244 ANHEUSER BUSCH INBEVUTIL ADR EA 03524A108 29 350 SH SOLE 0 0 350 APPLE INC UTIL COMMON 037833100 150340 791471 SH SOLE 557723 0 233748 AQUA AMERICA INC UTIL COMMON 03836W103 191 5248 SH SOLE 5248 0 0 ARCHER DANIELS MIDLDUTIL COMMON 039483102 23231 538625 SH SOLE 362283 0 176342 ARTIS UTIL REIT 04315L105 905 108819 SH SOLE 39811 0 69008 ASPEN TECHNOLOGY INCUTIL COMMON 045327103 154 1479 SH SOLE 1479 0 0 ASTRAZENECA UTIL SP ADR 046353108 22 545 SH SOLE 0 0 545 ATCO LTD UTIL CLASS I 046789400 2867 85113 SH SOLE 34801 0 50312 AUTOHOME INC UTIL ADR EAC 05278C107 2372 22561 SH SOLE 18437 0 4124 AUTOZONE INC UTIL COMMON 053332102 59550 58147 SH SOLE 40234 0 17913 BASF SE UTIL SP ADR( 055262505 6 308 SH SOLE 0 0 308 BCE INC UTIL COMMON 05534B760 1077 24249 SH SOLE 13710 0 10539 BG PLC UTIL ADR (5 055434203 2 147 SH SOLE 0 0 147 BP PLC UTIL ADR (6 055622104 39 884 SH SOLE 0 0 884 BNP PARIBAS UTIL SP ADR( 05565A202 6 254 SH SOLE 0 0 254 BRP INC UTIL COMMON 05577W200 1970 70987 SH SOLE 27969 0 43018 BAIDU INC UTIL REP(10 056752108 4798 29104 SH SOLE 23631 0 5473 BANK OF AMERICA CORPUTIL COMMON 060505104 126343 4579290 SH SOLE 3100995 0 1478295 BANK OF MONTREAL UTIL COMMON 063671101 11931 159413 SH SOLE 67416 0 91997 BANK OF MONTREAL UTIL NC FLR 06367X705 232 11975 SH SOLE 11975 0 0 BANK OF MONTREAL UTIL NC RR C 06368A209 229 12700 SH SOLE 12700 0 0 BANK OF NOVA SCOTIA UTIL COMMON 064149107 16620 312114 SH SOLE 134888 0 177226 BANK OF NOVA SCOTIA UTIL NC PRF 064151111 302 15500 SH SOLE 15500 0 0 BANK OF NOVA SCOTIA UTIL NC PRF 064151202 486 24500 SH SOLE 24500 0 0 BARCLAYS PLC UTIL ADR (4 06738E204 8 958 SH SOLE 0 0 958 BARRICK GOLD CORP UTIL COMMON 067901108 21660 1579639 SH SOLE 1267498 0 312141 BAYER A G UTIL SP ADR 072730302 5 286 SH SOLE 0 0 286 BELDEN INC UTIL COMMON 077454106 94 1746 SH SOLE 1746 0 0 BIOGEN INC UTIL COM STK 09062X103 23510 99458 SH SOLE 69830 0 29628 BRISTOL MYERS SQUIBBUTIL COMMON 110122108 235 4930 SH SOLE 4930 0 0 BROADCOM INC UTIL COMMON 11135F101 46064 153185 SH SOLE 105385 0 47800 BROOKFIELD ASSET MGTUTIL CLASS A 112585104 14323 307347 SH SOLE 130326 0 177021 BROOKFIELD OFFICE PTUTIL PFD CL- 112900626 211 14200 SH SOLE 14200 0 0 B2GOLD CORP UTIL COMMON 11777Q209 6526 2325212 SH SOLE 1845457 0 479755 CIGNA CORP UTIL COMMON 125523100 86443 537516 SH SOLE 379923 0 157593 CVB FINANCIAL CORP UTIL COMMON 126600105 150 7149 SH SOLE 7149 0 0 CVS HEALTH CORP UTIL COMMON 126650100 73502 1362922 SH SOLE 935001 0 427921 C&J ENERGY SERVICE COM USD 12674R100 99 6384 SH SOLE 6384 0 0 CALIFORNIA WTR SVC CE COMMON 130788102 187 3437 SH SOLE 3437 0 0 CAMECO CORP CE COMMON 13321L108 3439 291688 SH SOLE 122729 0 168959 CDN IMP BANK COMMERCCE NON CUM 136069440 274 19675 SH SOLE 19675 0 0 CDN NATURAL RES CE COMMON 136385101 6987 254402 SH SOLE 102876 0 151526 CANON INC CE ADR (1 138006309 14 480 SH SOLE 0 0 480 CARNIVAL CORP CE COMMON 143658300 364 7181 SH SOLE 7181 0 0 CELANESE CORP CE COMMON 150870103 32435 328924 SH SOLE 227796 0 101128 CENTENE CORP DEL CE COMMON 15135B101 30463 573696 SH SOLE 396814 0 176882 CENOVUS ENERGY CE COMMON 15135U109 2689 309694 SH SOLE 125384 0 184310 CHEVRON CORP CE COMMON 166764100 121083 982975 SH SOLE 653073 0 329902 CHUNGHWA TELECOM CE ADR REP 17133Q502 327 9188 SH SOLE 9188 0 0 CISCO SYSTEMS INC CE COMMON 17275R102 95928 1776768 SH SOLE 1208492 0 568276 CITIGROUP INC CE COMMON 172967424 42583 684390 SH SOLE 470264 0 214126 CITRIX SYS INC CE COMMON 177376100 314 3152 SH SOLE 3152 0 0 COCA COLA AMATIL LTDCE SP ADR 191085208 4 717 SH SOLE 0 0 717 COCA-COLA CO CE COMMON 191216100 339 7242 SH SOLE 7242 0 0 COGECO COMMUNICATIONCE SUB VTG 19239C106 1052 16471 SH SOLE 6323 0 10148 COLLIERS INTL CE SUB VTG 194693107 1965 29401 SH SOLE 12019 0 17382 COMCAST CORP CE CLASS A 20030N101 135055 3378060 SH SOLE 2313915 0 1064145 COMPANIA CERVECERIASCE ADR (2 204429104 148 5019 SH SOLE 5019 0 0 CONAGRA BRANDS INC CE COMMON 205887102 186 6701 SH SOLE 6701 0 0 CONCHO RESOURCES CE COMMON 20605P101 16124 145316 SH SOLE 96442 0 48874 CONOCOPHILLIPS CE COMMON 20825C104 31740 475583 SH SOLE 330512 0 145071 CONSOLDTD EDISON INCCE COMMON 209115104 577 6807 SH SOLE 6807 0 0 CORPORATE OFFICE PPTCE COMMON 22002T108 113 4122 SH SOLE 4122 0 0 CREDIT SUISSE GRP CE SP ADR 225401108 5 443 SH SOLE 0 0 443 CROMBIE CE REIT 227107109 2305 216431 SH SOLE 78262 0 138169 CUMMINS INC CE COMMON 231021106 30829 195280 SH SOLE 136009 0 59271 DBS GROUP HLDGS LTD CE SP ADR( 23304Y100 12 167 SH SOLE 0 0 167 DBX ETF TR CE TRACKER 233051879 10367 360843 SH SOLE 276795 0 84048 DTE ENERGY CO CE COMMON 233331107 70365 564093 SH SOLE 391938 0 172155 DAIICHI SANKYO CE SPONS A 23380A109 18 900 SH SOLE 0 0 900 DANSKE BK A/S CE ADR 236363107 13 1426 SH SOLE 0 0 1426 DENSO CORP CE ADR (4 24872B100 23 1177 SH SOLE 0 0 1177 DIAGEO P L C CE SP ADR 25243Q205 30 186 SH SOLE 0 0 186 WALT DISNEY CO CE COMMON 254687106 86799 781758 SH SOLE 539496 0 242262 DR REDDYS LABS LTD CE ADR (1 256135203 1133 27972 SH SOLE 20480 0 7492 DOLLAR GEN CORP CE COMMON 256677105 63439 531763 SH SOLE 377076 0 154687 DOWDUPONT INC CE COM USD 26078J100 80621 1512307 SH SOLE 1029476 0 482831 DUKE ENERGY CORP CE COMMON 26441C204 29529 328099 SH SOLE 233392 0 94707 EOG RESOURCES INC CE COMMON 26875P101 34739 364987 SH SOLE 267273 0 97714 E.ON SE CE SPON AD 268780103 7 630 SH SOLE 0 0 630 EAST JAPAN RAILWAY CE SPONS A 273202101 36 2271 SH SOLE 0 0 2271 EASTGROUP PROPERTIESCE COMMON 277276101 238 2136 SH SOLE 2136 0 0 EASTMAN CHEM CO CE COMMON 277432100 26628 350921 SH SOLE 236958 0 113963 EDISON INTL CE COMMON 281020107 397 6404 SH SOLE 6404 0 0 EISAI LTD CE SP ADR 282579309 25 437 SH SOLE 0 0 437 EMERA INC CE COMMON 290876101 4138 110617 SH SOLE 44890 0 65727 EMPIRE LTD CE CLASS A 291843407 2758 127363 SH SOLE 53898 0 73465 ENCANA CORPORATION CE COMMON 292505104 3299 455253 SH SOLE 192675 0 262578 ENBRIDGE INC CE COMMON 29250N105 12295 339371 SH SOLE 150484 0 188887 ENEL SOCIETA AZIONI CE REP(1 O 29265W207 10 1507 SH SOLE 0 0 1507 ENERPLUS CORP CE COMMON 292766102 1171 139665 SH SOLE 46900 0 92765 ENEL CHILE S.A. CE ADS REP 29278D105 220 42431 SH SOLE 42431 0 0 ENTERGY CORP CE COMMON 29364G103 78608 822001 SH SOLE 565425 0 256576 EQUITY RESIDENTIAL CE SH BEN 29476L107 41907 556382 SH SOLE 388498 0 167884 ESSEX PPTY TR INC CE REIT 297178105 40728 140812 SH SOLE 96483 0 44329 ETABLISSEMENTS DELHACE SP ADR 29759W101 5 182 SH SOLE 0 0 182 EUROPEAN AERO DEFENSCE ADR 29875W100 10 393 SH SOLE 0 0 393 EXELON CORP CE COMMON 30161N101 98319 1961273 SH SOLE 1329948 0 631325 EXXON MOBIL CORP CE COMMON 30231G102 156480 1936634 SH SOLE 1332632 0 604002 FIRST INTST BANCSYS CE CLASS A 32055Y201 146 3662 SH SOLE 3662 0 0 FIRST MIDWEST BANCORCE COMMON 320867104 123 6016 SH SOLE 6016 0 0 FIRST QUANTUM MNRL CE COMMON 335934105 12205 1076268 SH SOLE 713554 0 362714 FOMENTO ECON MEXI CE SP ADR 344419106 1381 14963 SH SOLE 6981 0 7982 FORTIS INC CE COMMON 349553107 10466 283101 SH SOLE 118831 0 164270 FRANCE TELECOM CE SP ADR 35177Q105 27 1241 SH SOLE 0 0 1241 FRANCO NEVADA CORP CE COMMON 351858105 13574 180904 SH SOLE 140030 0 40874 FREEPORT-MCMORAN INCCE COMMON 35671D857 64964 5039900 SH SOLE 3470632 0 1569268 GDF SUEZ CE ADR REP 36160B105 9 622 SH SOLE 0 0 622 GALLAGHER ARTHR J&CO COMMON 363576109 34110 436751 SH SOLE 305656 0 131095 GENESEE & WYO INC CLASS A 371559105 108 1242 SH SOLE 1242 0 0 GLAXOSMITHKLINE PLC C SP ADR 37733W105 40 961 SH SOLE 0 0 961 GOLDCORP INC C COMMON 380956409 16866 1474225 SH SOLE 743957 0 730268 GRACO INC C COMMON 384109104 263 5320 SH SOLE 5320 0 0 GPO AEROPORTUARIO C ADS (10 40051E202 92 569 SH SOLE 569 0 0 GRUPO FINANCIERO BANC ADR 40052P107 430 15691 SH SOLE 8664 0 7027 HCA HEALTHCARE C COMMON 40412C101 32407 248557 SH SOLE 172408 0 76149 HCP INC C COMMON 40414L109 45150 1442501 SH SOLE 1014774 0 427727 HDFC BANK LTD C ADR (3 40415F101 163 1403 SH SOLE 1403 0 0 HSBC HLDGS PLC C SP ADR 404280406 27 668 SH SOLE 0 0 668 HP INC C COMMON 40434L105 35429 1823411 SH SOLE 1270949 0 552462 HEALTHCARE RLTY TR C REIT 421946104 150 4665 SH SOLE 4665 0 0 HECLA MNG CO C COMMON 422704106 27 11721 SH SOLE 11721 0 0 HEINEKEN N V C ADR(0.5 423012202 15 602 SH SOLE 0 0 602 HENNES & MAURITZ AB ADR 144 425883105 4 1342 SH SOLE 0 0 1342 THE HERSHEY COMPANY AB COMMON 427866108 22905 199472 SH SOLE 139061 0 60411 HEWLETT PACKARD ENTR AB COMMON 42824C109 33188 2150847 SH SOLE 1494360 0 656487 HIGH LINER FOODS AB COMMON 429695109 118 20020 SH SOLE 20020 0 0 HOLLYFRONTIER CORP AB COMMON 436106108 31543 640213 SH SOLE 444346 0 195867 HONDA MOTOR CO AB ADR (1 438128308 18 675 SH SOLE 0 0 675 HONEYWELL INTL INC AB COMMON 438516106 34130 214764 SH SOLE 145187 0 69577 HUDBAY MINERALS AB COMMON 443628102 10935 1529690 SH SOLE 1069203 0 460487 HYDRO ONE LTD AB COMMON 448811208 334 21507 SH SOLE 21507 0 0 IA FINANCIAL CORP AB COMMON 45075E104 1897 51433 SH SOLE 20727 0 30706 IAMGOLD CORP AB COMMON 450913108 11170 3219082 SH SOLE 880564 0 2338518 ICICI BK LTD AB ADR (2 45104G104 12 1016 SH SOLE 1016 0 0 INFOSYS LIMITED AB ADR 456788108 3040 278124 SH SOLE 265007 0 13117 INTEL CORP AB COMMON 458140100 88609 1650079 SH SOLE 1139469 0 510610 INTACT FINANCIAL AB COMMON 45823T106 5624 66447 SH SOLE 25844 0 40603 INTESA SANPAOLO AB REP(6 O 46115H107 8 533 SH SOLE 0 0 533 INVESCO EXCHNG TRADE AB SR LN E 46138G508 514 22708 SH SOLE 22708 0 0 ISHARES INC AB MSCI AU 464286103 1150 53460 SH SOLE 34494 0 18966 ISHARES AB GLB SIL 464286327 2338 255489 SH SOLE 199355 0 56134 ISHARES INC AB MSCI EU 464286608 44110 1142759 SH SOLE 849330 0 293429 ISHARES AB CHILE C 464286640 975 22569 SH SOLE 22569 0 0 ISHARES INC AB ETF - M 464286715 58 2397 SH SOLE 2397 0 0 ISHARES INC AB MSCI SW 464286756 26 873 SH SOLE 0 0 873 ISHARES INC AB MSCI SO 464286772 1252 20542 SH SOLE 12256 0 8286 ISHARES AB MSCI ST 464286780 1771 33835 SH SOLE 4143 0 29692 ISHARES AB MSCI NE 464286814 218 7281 SH SOLE 7281 0 0 ISHARES INC AB MSCI ME 464286822 4607 105685 SH SOLE 0 0 105685 ISHARES AB HONG KO 464286871 27650 1054925 SH SOLE 661658 0 393267 ISHARES TR AB TIPS BD 464287176 358 3165 SH SOLE 3165 0 0 ISHARES AB CHINA L 464287184 6575 148516 SH SOLE 0 0 148516 ISHARES AB EMERG M 464287234 36032 839523 SH SOLE 706721 0 132802 ISHARES AB 20 YR 464287432 328 2591 SH SOLE 2591 0 0 ISHARES AB JP MOR 464288281 494 4492 SH SOLE 4492 0 0 ISHARES MSCI AB INDIA I 46429B598 20019 567907 SH SOLE 270338 0 297569 ISHARES AB CHINA E 46429B671 36842 590136 SH SOLE 406424 0 183712 ISHARES INC AB MSCI TA 46434G772 7519 217450 SH SOLE 128263 0 89187 ISHARES INC AB MSCI MA 46434G814 6158 205685 SH SOLE 42862 0 162823 ISHARES INC AB MSCI JA 46434G822 73901 1350530 SH SOLE 1034867 0 315663 ISHARES TR AB MSCI UK 46435G334 410 12421 SH SOLE 8435 0 3986 IVANHOE MINES AB CLASS A 46579R104 1523 635988 SH SOLE 231391 0 404597 JPMORGAN CHASE & CO COMMON 46625H100 160024 1580795 SH SOLE 1075335 0 505460 JOHNSON & JOHNSON COMMON 478160104 223435 1598364 SH SOLE 1077743 0 520621 KB FINANCIAL GROUP N ADR (1 48241A105 52 1403 SH SOLE 1403 0 0 KT CORPORATION N ADR (0. 48268K101 982 78923 SH SOLE 67864 0 11059 KASIKORNBANK PUB CO N UNSPADR 485785109 64 2719 SH SOLE 2719 0 0 KDDI CORP N REP(0.2 48667L106 11 1024 SH SOLE 0 0 1024 KILLAM APARTMENT N REIT 49410M102 3755 258597 SH SOLE 111236 0 147361 KINROSS GOLD CORP N COMMON 496902404 8127 2362395 SH SOLE 2157337 0 205058 KIRIN HLDS N ADR (10 497350306 30 1263 SH SOLE 0 0 1263 KIRKLAND LAKE GOLD N COMMON 49741E100 5019 165002 SH SOLE 134474 0 30528 KONINKLIJKE AHOLD N SP ADR 500467402 25 1829 SH SOLE 0 0 1829 KROGER CO N COMMON 501044101 35834 1456682 SH SOLE 1008924 0 447758 L OREAL CO N ADR (0. 502117203 35 653 SH SOLE 0 0 653 ESTEE LAUDER CO N CLASS A 518439104 41380 249956 SH SOLE 173750 0 76206 LILLY ELI & CO COMMON 532457108 33512 258260 SH SOLE 185610 0 72650 LINAMAR CORPORATION COMMON 53278L107 897 25010 SH SOLE 8977 0 16033 LITHIA MTRS INC CLASS A 536797103 101 1087 SH SOLE 1087 0 0 LITTELFUSE INC COMMON 537008104 189 1036 SH SOLE 1036 0 0 LOBLAW COS LTD COMMON 539481101 40193 814562 SH SOLE 510481 0 304081 LUNDIN MINING CORP COMMON 550372106 9982 2150934 SH SOLE 1467174 0 683760 MEG ENERGY COMMON 552704108 17271 4524149 SH SOLE 3013841 0 1510308 MANULIFE FINCL CORP COMMON 56501R106 4503 266176 SH SOLE 146497 0 119679 MARATHON OIL CORP COMMON 565849106 11240 672634 SH SOLE 480779 0 191855 MASTERCARD INC CLASS A 57636Q104 69687 295974 SH SOLE 204086 0 91888 MCDONALDS CORP COMMON 580135101 39225 206556 SH SOLE 142470 0 64086 MEDICAL FACILITIES COMMON 58457V503 99 7470 SH SOLE 7470 0 0 MELCO RESORTS & ENT ADR (3 585464100 12863 569399 SH SOLE 428835 0 140564 MERCK KGAA ENT ADR 144 589339100 13 590 SH SOLE 0 0 590 MERCK & CO INC COMMON 58933Y105 95351 1146465 SH SOLE 804483 0 341982 METLIFE INC COMMON 59156R108 545 12796 SH SOLE 12796 0 0 METRO INC COMMON 59162N109 25476 691775 SH SOLE 423225 0 268550 MICHELIN COMPAGNIE G SPON AD 59410T106 0 1 SH SOLE 0 0 1 MICROSOFT CORP COMMON 594918104 155552 1318911 SH SOLE 909706 0 409205 MINERALS TECHNOLOGS COMMON 603158106 114 1932 SH SOLE 1932 0 0 AUST & NZ BANK GRP ORD 606558606 21503 1162940 SH SOLE 822642 0 340298 AMCOR LIMITED RP ORD 606660806 293 26828 SH SOLE 0 0 26828 MITSUBISHI CORP RP SP ADR 606769305 16 291 SH SOLE 0 0 291 MITSUBISHI UFJ FINL RP ADR (1 606822104 29 5763 SH SOLE 0 0 5763 MITSUI & CO LTD SP ADR 606827202 12 40 SH SOLE 0 0 40 WESTPAC BANKING CORP ORD 607614602 34368 1866596 SH SOLE 1299738 0 566858 TELSTRA CORP ORD 608728902 14291 6059759 SH SOLE 3925904 0 2133855 MOMO INC DR EACH 60879B107 247 6450 SH SOLE 6450 0 0 MONDELEZ INTL INC COMMON 609207105 55932 1120441 SH SOLE 766332 0 354109 BHP GROUP LTD NPV 614469005 13213 483278 SH SOLE 317805 0 165473 CALTEX AUSTRALIA ORD 616150305 7216 387594 SH SOLE 229318 0 158276 MIRVAC GROUP STAPLED 616197805 191 97738 SH SOLE 97738 0 0 MORNEAU SHEPELL COMMON 61767W104 1062 51772 SH SOLE 20894 0 30878 CSL LTD ORD 618549504 11739 84770 SH SOLE 58607 0 26163 CMNWLTH BK OF AUST ORD 621503504 13266 264381 SH SOLE 169822 0 94559 RIO TINTO LIMITED ORD 622010304 18222 262001 SH SOLE 179122 0 82879 MUNICH RE GROUP SPON AD 626188106 29 1217 SH SOLE 0 0 1217 ANSELL ORD 628661106 121 6712 SH SOLE 6712 0 0 NTT DOCOMO SP ADR 62942M201 36 1629 SH SOLE 0 0 1629 NASDAQ INC COM STK 631103108 14515 165902 SH SOLE 118348 0 47554 NATIONAL BK CDA COMMON 633067103 4925 109094 SH SOLE 47465 0 61629 NESTLE S A ADS (1 641069406 76 799 SH SOLE 0 0 799 NEW GOLD INC COMMON 644535106 2040 2369269 SH SOLE 1022250 0 1347019 NEW JERSEY RES CORP COMMON 646025106 214 4306 SH SOLE 4306 0 0 NEWMONT MINING CORP COMMON 651639106 80862 2260600 SH SOLE 1491793 0 768807 NEXTERA ENERGY INC COMMON 65339F101 50584 261660 SH SOLE 178022 0 83638 NINTENDO LTD ADR (0. 654445303 22 621 SH SOLE 0 0 621 NIPPON TELEG & TEL ADR ( 1 654624105 6 144 SH SOLE 0 0 144 NIPPON YUSEN KABUSHIEL SPNADR 654633304 5 1693 SH SOLE 0 0 1693 NOKIA CORP EL SP ADR 654902204 1 253 SH SOLE 0 0 253 NATL AUSTRALIA BANK EL ORD 662460804 36603 2039126 SH SOLE 1454432 0 584694 NEWCREST MINING EL ORD 663710104 30620 1689763 SH SOLE 1150188 0 539575 OIL SEARCH LTD EL ORD PGK 665760404 19890 3567000 SH SOLE 2497216 0 1069784 PERPETUAL LIMITED EL ORD 668239404 147 5337 SH SOLE 5337 0 0 NOVARTIS AG EL ADR (1 66987V109 63 657 SH SOLE 0 0 657 NOVO-NORDISK AS EL ADR (1 670100205 29 550 SH SOLE 0 0 550 NUTRIEN LTD EL COMMON 67077M108 9073 171979 SH SOLE 70299 0 101680 O'REILLY AUTOMOTIVE COMMON 67103H107 60860 156734 SH SOLE 106804 0 49930 OCCIDENTAL PETE CORPTIVE COMMON 674599105 32993 498383 SH SOLE 364320 0 134063 OCEANAGOLD CORP TIVE COMMON 675222103 1251 398025 SH SOLE 142995 0 255030 SANTOS LIMITED TIVE ORD 677670303 11762 2424263 SH SOLE 1710639 0 713624 TABCORP HOLDINGS LTDTIVE ORD 687326203 8869 2702364 SH SOLE 1988115 0 714249 OSISKO GOLD ROYALTIETIVE COMMON 68827L101 249 22164 SH SOLE 22164 0 0 PT BK RAKYAT TIVE ADR SHS 69366X100 842 58244 SH SOLE 29901 0 28343 PAN AMERICAN SILVER TIVE COMMON 697900108 248 18684 SH SOLE 18684 0 0 WOODSIDE PETROLEUM TIVE ORD 697972808 28550 1160922 SH SOLE 812472 0 348450 PANASONIC CORP TIVE ADR(1 C 69832A205 1 149 SH SOLE 0 0 149 PAREX RESOURCES TIVE COMMON 69946Q104 3732 238321 SH SOLE 87638 0 150683 PARKLAND FUEL CORP TIVE COMMON 70137T105 4555 149034 SH SOLE 55586 0 93448 PAYCOM SOFTWARE TIVE COM USD 70432V102 182 961 SH SOLE 961 0 0 PEMBINA PIPELINE TIVE COMMON 706327103 894 24318 SH SOLE 9948 0 14370 PT TELEKOMUNIKAS INDTIVE ADR (10 715684106 690 25110 SH SOLE 9065 0 16045 PFIZER INC TIVE COMMON 717081103 133940 3153754 SH SOLE 2123070 0 1030684 PHILIP MORRIS INTL TIVE COMMON 718172109 57616 651841 SH SOLE 467676 0 184165 PHILLIPS 66 TIVE COMMON 718546104 32235 338714 SH SOLE 234408 0 104306 PHYSICIANS REALTY TIVE COM USD 71943U104 145 7725 SH SOLE 7725 0 0 PINNACLE WEST CAP TIVE COMMON 723484101 25008 261640 SH SOLE 182721 0 78919 PIONEER NATURAL RES TIVE COMMON 723787107 14963 98261 SH SOLE 70234 0 28027 POOL CORPORATION TIVE COMMON 73278L105 209 1267 SH SOLE 1267 0 0 PROCTER & GAMBLE CO COMMON 742718109 112503 1081241 SH SOLE 742508 0 338733 PROGRESSIVE CORP CO COMMON 743315103 79814 1107142 SH SOLE 759601 0 347541 PRUDENTIAL FINL CO COMMON 744320102 300 3261 SH SOLE 3261 0 0 PULTEGROUP INC CO COMMON 745867101 34876 1247364 SH SOLE 870674 0 376690 QUEBECOR INC CO CLASS B 748193208 2839 115786 SH SOLE 43916 0 71870 RLI CORP CO COMMON 749607107 172 2399 SH SOLE 2399 0 0 RLJ LODGING TRUST CO COMMON 74965L101 94 5359 SH SOLE 5359 0 0 RWE AG CO SP ADR 74975E303 6 217 SH SOLE 0 0 217 REALTY INCOME CORP CO COMMON 756109104 77492 1053451 SH SOLE 723778 0 329673 RECKITT BENCKISER GR CO UNSPADR 756255105 22 2056 SH SOLE 0 0 2056 REGENERON PHARMCTCLS CO COMMON 75886F107 37955 92433 SH SOLE 62752 0 29681 ROCHE HLDG LTD CO ADR (0. 771195104 24 696 SH SOLE 0 0 696 ROGERS COMMUNICATION CO CLASS B 775109200 5910 109858 SH SOLE 46785 0 63073 ROSS STORES INC CO COMMON 778296103 42332 454697 SH SOLE 317562 0 137135 ROXGOLD INC CO COMMON 779899202 396 574664 SH SOLE 144173 0 430491 ROYAL BANK CDA CO COMMON 780087102 17329 229628 SH SOLE 101796 0 127832 ROYAL GOLD INC CO COMMON 780287108 6473 71187 SH SOLE 71187 0 0 RYDER SYSTEMS INC CO COMMON 783549108 86 1386 SH SOLE 1386 0 0 SK TELECOM CO LTD CO ADR (1/ 78440P108 3802 155252 SH SOLE 116940 0 38312 SPDR S&P 500 ETF TR UNITS S 78462F103 12101 42838 SH SOLE 24604 0 18234 SPDR GOLD TR GOLD TR GOLD SH 78463V107 1460 11967 SH SOLE 11967 0 0 SPDR INDX SH FUNDS TR EURO ST 78463X202 329 8983 SH SOLE 8983 0 0 SSR MINING TR COMMON 784730103 2393 189245 SH SOLE 94665 0 94580 SABMILLER PLC TR SPONSOR 78572M105 22 392 SH SOLE 0 0 392 SANOFI TR SPONSOR 80105N105 54 1215 SH SOLE 0 0 1215 SEMAFO INC TR COMMON 816922108 716 257990 SH SOLE 98652 0 159338 SEVEN & I HLDGS CO L SPON AD 81783H105 6 301 SH SOLE 0 0 301 SHERRITT INTL CORP CO L COMMON 823901103 1 4250 SH SOLE 0 0 4250 SHINHAN FINL GROUP CO L ADR (1 824596100 73 1974 SH SOLE 1974 0 0 SHIRE PLC CO L ADR (3 82481R106 33 185 SH SOLE 0 0 185 SIEMENS A G CO L SP ADR 826197501 11 196 SH SOLE 0 0 196 SONY CORP CO L ADR (1 835699307 30 699 SH SOLE 0 0 699 SOUTHERN CO CO L COMMON 842587107 136 2641 SH SOLE 2641 0 0 SOUTHERN COPPER CORPCO L COMMON 84265V105 3345 84303 SH SOLE 68853 0 15450 STARBUCKS CORP CO L COMMON 855244109 44990 605187 SH SOLE 412591 0 192596 STATOIL ASA CO L SP ADR( 85771P102 28 1265 SH SOLE 0 0 1265 STIFEL FINL CORP CO L COMMON 860630102 118 2233 SH SOLE 2233 0 0 SUMITOMO CORP CO L ADR (1 865613103 15 1061 SH SOLE 0 0 1061 SUMITOMO MITSUI FINLCO L ADR 144 86562M209 22 3095 SH SOLE 0 0 3095 SUMITOMO MITSUI TR HCO L SPONSOR 86562X106 16 4371 SH SOLE 0 0 4371 SUNCOR ENERGY INC CO L COMMON 867224107 45614 1407033 SH SOLE 841211 0 565822 SWISSCOM AG CO L ADR 871013108 26 538 SH SOLE 0 0 538 SYSCO CORP CO L COMMON 871829107 72169 1081017 SH SOLE 758537 0 322480 TCF FINANCIAL CORP CO L COMMON 872275102 211 10190 SH SOLE 10190 0 0 TFI INTERNATIONAL CO L COMMON 87241L109 1222 41349 SH SOLE 16893 0 24456 TAIWAN SEMICONDUCTORCO L SP ADR 874039100 8 200 SH SOLE 200 0 0 TAKEDA PHARMACEUTICACO L REP(0.5 874060205 23 1134 SH SOLE 0 0 1134 TATA MOTORS LTD CO L ADR (5 876568502 11 861 SH SOLE 861 0 0 TAUBMAN CTRS INC CO L COMMON 876664103 101 1907 SH SOLE 1907 0 0 TECK RESOURCES CO L CLASS B 878742204 66603 2873702 SH SOLE 1863086 0 1010616 TELECOM ITALIA SPA CO L ADR 87927Y102 3 540 SH SOLE 0 0 540 TELEFONICA S A CO L SP ADR 879382208 5 562 SH SOLE 0 0 562 TELSTRA CORP LTD CO L ADR(5 O 87969N204 13 1127 SH SOLE 0 0 1127 TELUS CORP CO L COMMON 87971M103 4714 127333 SH SOLE 41982 0 85351 TENNECO CO L CL A VO 880349105 47 2113 SH SOLE 2113 0 0 TERADYNE INC CO L COMMON 880770102 223 5606 SH SOLE 5606 0 0 TESCO PLC CO L SPONS A 881575302 11 1209 SH SOLE 0 0 1209 3M COMPANY CO L COMMON 88579Y101 408 1964 SH SOLE 1964 0 0 TOKIO MARINE HOLDINGCO L ADR 889094108 26 538 SH SOLE 0 0 538 TOKYO GAS CO LTD CO L SPON AD 889115101 4 297 SH SOLE 0 0 297 TOREX GOLD RESOURCESCO L COMMON 891054603 998 79291 SH SOLE 30467 0 48824 TORONTO DOMINION BK CO L NC PRF 891145575 201 10250 SH SOLE 10250 0 0 TORONTO DOMINION BK CO L COMMON 891160509 25065 461743 SH SOLE 200659 0 261084 TORONTO DOMINION BK CO L NC PRF 891160640 214 12400 SH SOLE 12400 0 0 TORONTO DOMINION BK CO L NC PRF 891160665 249 12825 SH SOLE 12825 0 0 TOTAL SA CO L ADR (1 89151E109 39 707 SH SOLE 0 0 707 TOURMALINE OIL CORP CO L COMMON 89156V106 3413 220924 SH SOLE 89444 0 131480 TOYOTA MTR CORP CO L ADR (2 892331307 81 685 SH SOLE 0 0 685 TRACTOR SUPPLY CO CO L COMMON 892356106 68590 701620 SH SOLE 479557 0 222063 TRANSALTA RENEWABLESCO L COMMON 893463109 2343 231183 SH SOLE 88995 0 142188 TRANSALTA CORP CO L COMMON 89346D107 1752 238358 SH SOLE 90546 0 147812 TRANSCANADA CORP CO L COMMON 89353D107 10156 226063 SH SOLE 94564 0 131499 TRANSCONTINENTAL INCCO L CLASS A 893578104 1584 126517 SH SOLE 52186 0 74331 TRICON CAPITAL GROUPCO L COMMON 89612W102 3235 375446 SH SOLE 157848 0 217598 TURKIYE GARANTI BANKCO L SP ADR( 900148701 48 31943 SH SOLE 31943 0 0 TYSON FOODS INC CO L CLASS A 902494103 47070 677952 SH SOLE 470795 0 207157 UDR INC CO L COMMON 902653104 37253 819471 SH SOLE 571042 0 248429 ULTA BEAUTY INC CO L COM STK 90384S303 75684 217028 SH SOLE 148733 0 68295 UNILEVER PLC CO L ADR (4 904767704 29 508 SH SOLE 0 0 508 UNILEVER N.V CO L NY SHAR 904784709 40 681 SH SOLE 0 0 681 UNIVERSAL HEALTH SVCCO L CLASS B 913903100 62839 469757 SH SOLE 326448 0 143309 URSTADT BIDDLE PPTYSCO L CLASS A 917286205 131 6364 SH SOLE 6364 0 0 VALENER INC CO L COMMON 91912H108 258 13176 SH SOLE 13176 0 0 VANECK VECTORS CO L GOLD MI 92189F106 341242 15220443 SH SOLE 10848985 0 4371458 VANECK VECTORS CO L JR GOLD 92189F791 190879 6015719 SH SOLE 4068328 0 1947391 VENTAS INC CO L COMMON 92276F100 39731 622645 SH SOLE 433338 0 189307 VERIZON COMMUNICATIOCO L COMMON 92343V104 198934 3364346 SH SOLE 2239459 0 1124887 VINCI S A CO L ADR 927320101 34 1393 SH SOLE 0 0 1393 VIVENDI SA CO L UNSPNAD 92852T201 25 872 SH SOLE 0 0 872 VODAFONE GRP PLC CO L ADR (10 92857W209 41 1704 SH SOLE 0 0 1704 WALMART INC CO L COMMON 931142103 44628 457586 SH SOLE 326991 0 130595 WAL MART DE MEXICO CO L SP ADR( 93114W107 1067 39943 SH SOLE 19576 0 20367 WALGREENS BOOTS ALNCCO L COMMON 931427108 272 4294 SH SOLE 4294 0 0 WASH REAL ESTATE INVCO L SH BEN 939653101 131 4630 SH SOLE 4630 0 0 WASTE MANAGEMENT INCCO L COMMON 94106L109 68709 661240 SH SOLE 454286 0 206954 WATTS WATER TECH CO L CLASS A 942749102 142 1751 SH SOLE 1751 0 0 WELLTOWER INC CO L REIT 95040Q104 41880 539694 SH SOLE 386546 0 153148 WHEATON PRECIOUS METCO L COMMON 962879102 12932 543134 SH SOLE 437764 0 105370 WHITING PETE CORP CO L COMMON 966387409 56 2127 SH SOLE 2127 0 0 WOODWARD INC CO L COMMON 980745103 240 2530 SH SOLE 2530 0 0 WOORI FINANCIAL GR CO L ADR (3 981064108 54 1495 SH SOLE 1495 0 0 WPX ENERGY INC CO L COMMON 98212B103 138 10513 SH SOLE 10513 0 0 XCEL ENERGY INC CO L COMMON 98389B100 38956 693043 SH SOLE 473145 0 219898 YAMANA GOLD INC CO L COMMON 98462Y100 11009 4219742 SH SOLE 3588661 0 631081 YUM CHINA HOLDINGS CO L COMMON 98850P109 3272 72851 SH SOLE 60321 0 12530 ZOETIS INC CO L COMMON 98978V103 37900 376475 SH SOLE 264634 0 111841 ZURICH FINL SVCS CO L ADR 144 98982M107 13 521 SH SOLE 0 0 521 UNIBAIL-RODAMCO-WE CO L CDI 20: BDDR36507 71 8668 SH SOLE 8668 0 0 AUSNET SERVICES CO L ORD BPXR7J007 103 81348 SH SOLE 81348 0 0 AGL ENERGY CO L ORD BSS7GP507 8823 570554 SH SOLE 424317 0 146237 SOUTH32 LIMITED CO L ORD BWSW5D907 38 14200 SH SOLE 0 0 14200 CIMIC GROUP LTD CO L ORD BX17Q1307 10111 294946 SH SOLE 210034 0 84912 DEUTSCHE BANK AG NAMCO L ORDINAR D18190898 3 383 SH SOLE 0 0 383 AON PLC CO L COMMON G0408V102 37379 218977 SH SOLE 153385 0 65592 ARRIS INTL INC CO L ORD GBP G0551A103 115 3626 SH SOLE 3626 0 0 ACCENTURE PLC CO L CLASS A G1151C101 112014 636370 SH SOLE 442865 0 193505 BROOKFIELD PROPERTY CO L PARTNER G16249107 23688 1151529 SH SOLE 734899 0 416630 BROOKFIELD INFR PRTRCO L CUM CL G16252168 213 11400 SH SOLE 11400 0 0 CREDICORP LTD CO L COMMON G2519Y108 2967 12367 SH SOLE 10180 0 2187 COCA-COLA EU PARTNRSCO L PLC ORD G25839104 26128 504990 SH SOLE 361243 0 143747 EVEREST RE GROUP LTDCO L COMMON G3223R108 12185 56422 SH SOLE 39980 0 16442 INGERSOLL-RAND PLC CO L CLASS A G47791101 31241 289401 SH SOLE 201562 0 87839 MEDTRONIC PLC CO L SHS G5960L103 104532 1147694 SH SOLE 789332 0 358362 GARMIN LTD CO L COMMON H2906T109 37769 437395 SH SOLE 293732 0 143663 UBS AG CO L COMMON H89231338 19 1214 SH SOLE 0 0 1214 LYONDELLBASELL INDUSCO L SHARES N53745100 23143 275249 SH SOLE 191744 0 83505 PUT NDX US 1220 6425CO L PUT NDX NDXUS12P6 175 500 SH Put SOLE 500 0 0 VODAFONE GROUP CO L C SHARE VODASHCP6 72 134183 SH SOLE 0 0 134183