The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   16,383,494 274,850 SH   SOLE 274,850 0 0
AMERCIAN ELEC PWR CO INC COM 025537101   14,744,625 171,250 SH   SOLE 171,250 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   9,033,845 36,173 SH   SOLE 36,173 0 0
CAE INC COM 124765108   10,133,191 490,900 SH   SOLE 490,900 0 0
CANADIAN NAT RES LTD COM 136385101   13,093,551 171,700 SH   SOLE 171,700 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   11,685,190 132,575 SH   SOLE 132,575 0 0
DENISON MINES CORP COM 248356107   313,502 160,300 SH   SOLE 160,300 0 0
ENERPLUS CORP COM 292766102   461,502 23,500 SH   SOLE 23,500 0 0
FIFTH THIRD BANCORP COM 316773100   747,921 20,100 SH   SOLE 20,100 0 0
HALEON PLC SPON ADS 405552100   10,417,230 1,227,000 SH   SOLE 1,227,000 0 0
HUDBAY MINERALS INC COM 443628102   4,070,637 581,815 SH   SOLE 581,815 0 0
KRAFT HEINZ CO COM 500754106   13,795,065 373,850 SH   SOLE 373,850 0 0
MAGNA INTL INC COM 559222401   8,976,065 164,825 SH   SOLE 164,825 0 0
MANULIFE FINL CORP COM 56501R106   17,453,380 699,050 SH   SOLE 699,050 0 0
MASTERCARD INCORPORATED CL A 57636Q104   228,746 475 SH   SOLE 475 0 0
MICROSOFT CORP COM 594918104   17,310,524 41,145 SH   SOLE 41,145 0 0
NEW GOLD INC CDA COM 644535106   42,066 25,000 SH   SOLE 25,000 0 0
NEWMONT CORP COM 651639106   361,984 10,100 SH   SOLE 10,100 0 0
OPEN TEXT CORP COM 683715106   7,228,455 186,350 SH   SOLE 186,350 0 0
ORIGIN MATERIALS INC *W EXP 06/25/202 68622D114   324 16,600 SH   SOLE 16,600 0 0
ROYAL BK CDA COM 780087102   9,225,631 91,500 SH   SOLE 91,500 0 0
SUN LIFE FINANCIAL INC. COM 866796105   207,319 3,800 SH   SOLE 3,800 0 0
TC ENERGY CORP COM 87807B107   24,860,953 618,775 SH   SOLE 618,775 0 0
TECK RESOURCES LTD CL B 878742204   10,185,413 222,600 SH   SOLE 222,600 0 0
TELUS CORPORATION COM 87971M103   14,251,024 891,100 SH   SOLE 891,100 0 0
TEXAS INSTRS INC COM 882508104   6,628,691 38,050 SH   SOLE 38,050 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   16,707,769 276,930 SH   SOLE 276,930 0 0
UNION PAC CORP COM 907818108   282,820 1,150 SH   SOLE 1,150 0 0
VERISK ANALYTICS INC COM 92345Y106   218,050 925 SH   SOLE 925 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   19,626,790 467,750 SH   SOLE 467,750 0 0