13F-HR 1 a2122931z13f-hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2003 ----------------- Check Here if Amendment / /; Amendment Number: --------- This Amendment (Check only one.): / / is a restatement. / / adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Sun Life Assurance Company of Canada ------------------------------------ Address: 150 King Street West ------------------------------------ Toronto, Ontario, Canada, M5H 1J9 ------------------------------------ ------------------------------------ Form 13F File Number: 28-05799 ------------------------------- 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 it 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: Claude Accum -------------------------------------------- Title: Vice-President, Risk Management -------------------------------------------- Phone: 416-979-6188 -------------------------------------------- Signature, Place, and Date of Signing: /s/ Claude Accum Ontario, Canada 8-15-2002 ------------------------------- ------------------ -------------- [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------- Form 13F Information Table Entry Total: 389 -------------------- Form 13F Information Table Value Total: $ 1,415,121 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] None FORM 13F INFORMATION TABLE - SEPTEMBER 30, 2003
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- U.S. OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS AMR Corp COM 001765106 377 32,953 SH SOLE 32,953 AOL Time Warner Inc COM 00184A105 6,231 412,391 SH SOLE 412,391 Agere Systems Inc CL B 00845V209 3,707 1,282,575 SH SOLE 1,282,575 Allegheny Energy Inc COM 017361106 6,978 763,417 SH SOLE 763,417 Allmerica Financial Corp COM 019754100 3,855 161,890 SH SOLE 161,890 American International Group COM 026874107 4,702 81,490 SH SOLE 81,490 Anadarko Petroleum Corp COM 032511107 6,214 148,814 SH SOLE 148,814 Annaly Mortgage Management COM 035710409 16,369 996,874 SH SOLE 996,874 Archer Daniels Midland Co COM 039483102 6,886 525,243 SH SOLE 525,243 Archstone-Smith Trust COM 039583109 6,515 246,969 SH SOLE 246,969 AvalonBay Communities Inc. COM 053484101 7,101 151,738 SH SOLE 151,738 BRE Properties Inc CL A 05564E106 6,385 193,599 SH SOLE 193,599 BMC Software Inc COM 055921100 6,732 483,300 SH SOLE 483,300 Baxter International Inc COM 071813109 6,970 239,853 SH SOLE 239,853 Boeing Company COM 097023105 6,483 188,857 SH SOLE 188,857 Boston Properties Inc COM 101121101 8,147 187,426 SH SOLE 187,426 Bristol-Myers Squibb COM 110122108 6,670 259,927 SH SOLE 259,927 CBL & Associates Properties COM 124830100 7,103 142,346 SH SOLE 142,346 CSG Systems Intl Inc COM 126349109 3,964 267,626 SH SOLE 267,626 Calpine Corp COM 131347106 3,668 750,000 SH SOLE 750,000 Centerpoint Properties Trust SH BEN INT 151895109 6,344 93,141 SH SOLE 93,141 Citigroup Inc COM 172967101 8,455 185,792 SH SOLE 185,792 Clean Harbors Inc COM 184496107 2,763 650,000 SH SOLE 650,000 Comcast Corp CLA 20030N101 4,454 144,521 SH SOLE 144,521 Concord Communications Inc COM 206186108 5,232 401,215 SH SOLE 401,215 Developers Diversified Realty COM 251591103 4,840 162,022 SH SOLE 162,022 Dillards Inc CL A 254067101 12,774 913,735 SH SOLE 913,735 Dow Chemical Company COM 260543103 5,968 183,411 SH SOLE 183,411 Duke Realty Corp COM NEW 264411505 6,628 226,973 SH SOLE 226,973 Emerson Electric Co COM 291011104 6,621 125,750 SH SOLE 125,750 Engelhard Corp COM 292845104 6,386 230,808 SH SOLE 230,808 Entravision Communication Cl A CL A 29382R107 3,439 362,052 SH SOLE 362,052 Equity Office Properties Trust COM 294741103 4,114 149,435 SH SOLE 149,435 Equity Residential Properties SH BEN INT 29476L107 4,321 147,577 SH SOLE 147,577 Federal Realty Investment Tr SH BEN INT NEW 313747206 6,462 175,314 SH SOLE 175,314 GATX Corporation COM 361448103 3,971 187,756 SH SOLE 187,756 General Electric Company COM 369604103 9,562 320,762 SH SOLE 320,762 General Growth Properties COM 370021107 8,383 116,923 SH SOLE 116,923 HCA Inc COM 404119109 5,974 162,075 SH SOLE 162,075 Hain Celestial Group Inc COM 405217100 4,189 231,042 SH SOLE 231,042 Hewlett Packard COM 428236103 4,844 250,200 SH SOLE 250,200 Honeywell International COM 438516106 5,624 213,421 SH SOLE 213,421 I-STAT Corp COM 450312103 12,660 946,899 SH SOLE 946,899 Intel Corp COM 458140100 6,375 231,655 SH SOLE 231,655 International Paper Co COM 460146103 6,006 153,915 SH SOLE 153,915 MSCI World Equity Benchmark MSCI AUSTRALIA 464286103 864 73,498 SH SOLE 73,498 MSCI World Equity Benchmark MSCI BELGIUM 464286301 152 12,969 SH SOLE 12,969 MSCI World Equity Benchmark MSCI SINGAPORE 464286673 189 33,739 SH SOLE 33,739 MSCI World Equity Benchmark MSCI UTD KINGD 464286699 4,553 339,492 SH SOLE 339,492 MSCI World Equity Benchmark MSCI FRANCE 464286707 1,462 85,725 SH SOLE 85,725 MSCI World Equity Benchmark MSCI SWITZERLD 464286749 1,167 91,331 SH SOLE 91,331 MSCI World Equity Benchmark MSCI SWEDEN 464286756 649 50,258 SH SOLE 50,258 MSCI World Equity Benchmark MSCI SPAIN 464286764 707 31,549 SH SOLE 31,549 MSCI World Equity Benchmark MSCI GERMAN 464286806 1,021 81,933 SH SOLE 81,933 MSCI World Equity Benchmark MSCI NETHERLND 464286814 840 59,958 SH SOLE 59,958 MSCI World Equity Benchmark MSCI JAPAN 464286848 4,096 467,581 SH SOLE 467,581 MSCI World Equity Benchmark MSCI ITALY 464286855 643 37,121 SH SOLE 37,121 MSCI World Equity Benchmark MSCI HONG KONG 464286871 637 67,290 SH SOLE 67,290 JPMorgan Chase & Co COM 46625H100 6,885 200,545 SH SOLE 200,545 Johnson & Johnson COM 478160104 5,157 104,143 SH SOLE 104,143 Jones Apparel Group, Inc. COM 480074103 6,743 225,303 SH SOLE 225,303 Kimco Realty Corp COM 49446R109 6,492 158,458 SH SOLE 158,458 Kroger Co COM 501044101 8,772 490,868 SH SOLE 490,868 Liberty Media Corp COM SER A 530718105 4,080 409,266 SH SOLE 409,266 Macerich Company COM 554382101 5,869 155,467 SH SOLE 155,467 Mack-Cali Realty Corp COM 554489104 7,389 188,503 SH SOLE 188,503 Microsoft Corp COM 594918104 11,094 399,080 SH SOLE 399,080 Midway Games Inc COM 598148104 4,585 1,548,908 SH SOLE 1,548,908 Morgan Stanley COM NEW 617446448 3,539 70,142 SH SOLE 70,142 Newell Rubbermaid Inc COM 651229106 7,227 333,482 SH SOLE 333,482 Parametric Technology Corp COM 699173100 5,049 1,603,013 SH SOLE 1,603,013 Pegasus Communications Corp CL A NEW 705904605 2,715 182,243 SH SOLE 182,243 Penney JC & Co COM 708160106 7,659 358,414 SH SOLE 358,414 Pfizer Inc COM 717081103 8,424 277,284 SH SOLE 277,284 Prologis SH BEN INT 743410102 5,789 191,364 SH SOLE 191,364 Prudential Financial Inc COM 744320102 7,353 196,814 SH SOLE 196,814 Raytheon Co COM NEW 755111507 6,183 220,818 SH SOLE 220,818 Reckson Associates Realty Corp COM 75621K106 7,087 306,652 SH SOLE 306,652 Regency Centers Corp COM 758849103 3,118 84,621 SH SOLE 84,621 SL Green Realty Corp COM 78440X101 8,857 245,271 SH SOLE 245,271 Sara Lee COM 803111103 6,326 344,543 SH SOLE 344,543 Schering-Plough Corp COM 806605101 7,290 478,327 SH SOLE 478,327 Shurgard Storage Centers-A COM 82567D104 5,353 151,647 SH SOLE 151,647 Simon Property Group Inc COM 828806109 3,445 79,056 SH SOLE 79,056 Starwood Hotels & Resorts PAIRED CTF 85590A203 2,374 68,231 SH SOLE 68,231 Tenet Healthcare Corp COM 88033G100 13,068 902,474 SH SOLE 902,474 Unova Inc COM 91529B106 9,154 624,864 SH SOLE 624,864 UnumProvident Corp COM 91529Y106 7,612 515,336 SH SOLE 515,336 Vicor Corp COM 925815102 4,382 459,333 SH SOLE 459,333 Vornado Realty Trust SH BEN INT 929042109 7,869 163,811 SH SOLE 163,811 Warnaco Group Inc/The CL A NEW 934390402 3,309 212,528 SH SOLE 212,528 Nabors Industries Ltd SHS G6359F103 4,677 125,530 SH SOLE 125,530 Orient Express Hotels Ltd CL A G67743107 5,797 371,581 SH SOLE 371,581 CANADIAN OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS AGL Resources COM 001204106 20 700 SH SOLE 700 AOL Time Warner Inc COM 00184A105 1,238 81,960 SH SOLE 81,960 ATI Technologies Inc COM 001941103 898 44,600 SH SOLE 44,600 AT&T Wireless Service Inc COM 00209A106 1,290 157,751 SH SOLE 157,751 Abbot Laboratories COM 002824100 636 14,950 SH SOLE 14,950 Aber Diamond Corporation COM 002893105 112 3,000 SH SOLE 3,000 Abitibi-Consolidated Inc COM 003924107 354 37,300 SH SOLE 37,300 Air Products & Chemical Inc COM 009158106 438 9,720 SH SOLE 9,720 Alcan Inc COM 013716105 18,609 355,125 SH SOLE 355,125 Alcoa Inc COM 013817101 252 9,630 SH SOLE 9,630 Alliance Atlantis Comm Inc COM 01853E204 724 34,000 SH SOLE 34,000 Allstate Corp COM 020002101 3,131 85,710 SH SOLE 85,710 Altria Group COM 02209S103 1,587 36,231 SH SOLE 36,231 American Express Co COM 025816109 754 16,730 SH SOLE 16,730 American International Group COM 026874107 758 13,140 SH SOLE 13,140 AmerisourceBergen Corporation COM 03073E105 134 2,470 SH SOLE 2,470 Amgen Inc COM 031162100 1,010 15,660 SH SOLE 15,660 Amvescap PLC COM 03235E100 53 3,500 SH SOLE 3,500 Analog Devices COM 032654105 692 18,200 SH SOLE 18,200 Angiotech Pharmaceuticals Inc COM 034918102 153 2,600 SH SOLE 2,600 Apache Corporation COM 037411105 591 8,530 SH SOLE 8,530 Apple Computer Inc COM 037833100 489 23,600 SH SOLE 23,600 Archer-Daniel Midland COM 039483102 2,052 156,540 SH SOLE 156,540 Astrazeneca PLC COM 046353108 95 2,200 SH SOLE 2,200 Avery Dennison Corp COM 053611109 1,278 25,300 SH SOLE 25,300 Avon Products COM 054303102 587 9,100 SH SOLE 9,100 Axcelis Technologies Inc COM 054540109 71 8,500 SH SOLE 8,500 Axcan Pharma Inc COM 054923107 254 13,900 SH SOLE 13,900 BCE Inc COM 05534B109 22,230 762,592 SH SOLE 762,592 BG Group COM 055434203 1,511 70,300 SH SOLE 70,300 BISYS Group COM 055472104 181 13,780 SH SOLE 13,780 BP PLC COM 055622104 2,290 54,400 SH SOLE 54,400 Baker Hughes Inc COM 057224107 182 6,150 SH SOLE 6,150 Bank of America Corp COM 060505104 2,489 31,890 SH SOLE 31,890 Bank of Montreal COM 063671101 19,619 420,200 SH SOLE 420,200 Bank of Nova Scotia COM 064149107 29,481 467,210 SH SOLE 467,210 Bank One Corp COM 06423A103 234 6,050 SH SOLE 6,050 Barclays PLC COM 06738E204 2,269 73,200 SH SOLE 73,200 Barrick Gold Corp COM 067901108 31,157 1,225,200 SH SOLE 1,225,200 Bellsouth Corp COM 079860102 512 21,630 SH SOLE 21,630 Biovail Corp COM 09067J109 688 13,700 SH SOLE 13,700 Boardwalk Equities Inc COM 096613104 81 5,300 SH SOLE 5,300 Bowater Inc COM 102183100 162 3,860 SH SOLE 3,860 Brascan Corporation COM 10549P606 393 11,500 SH SOLE 11,500 Brinker International Inc COM 109641100 164 4,920 SH SOLE 4,920 Bristol-Myers Squibb Co COM 110122108 590 22,977 SH SOLE 22,977 British American Tobacco PLC COM 110448107 552 25,500 SH SOLE 25,500 CAE Inc COM 124765108 273 53,900 SH SOLE 53,900 CVS Corp COM 126650100 120 3,850 SH SOLE 3,850 Cameco Corp COM 13321L108 179 3,800 SH SOLE 3,800 Cdn Imp Bank of Commerce COM 136069101 16,327 295,190 SH SOLE 295,190 Cdn National Railways COM 136375102 333 6,400 SH SOLE 6,400 Cdn National Railways COM 136375102 26,770 383,640 SH SOLE 383,640 Canadian Nat Resources Ltd COM 136385101 1,935 34,800 SH SOLE 34,800 Canadian Pacific Railway Co COM 13645T100 7,302 228,270 SH SOLE 228,270 Canfor Corporation COM 137902102 280 29,600 SH SOLE 29,600 Canon Inc COM 138006309 219 4,500 SH SOLE 4,500 Career Education Corp COM 141665109 187 4,120 SH SOLE 4,120 Caremark Rx Inc COM 141705103 135 5,970 SH SOLE 5,970 Carnival Corp COM 143658300 566 17,200 SH SOLE 17,200 Caterpillar Inc COM 149123101 149 2,170 SH SOLE 2,170 Celestica Inc COM 15101Q108 535 25,100 SH SOLE 25,100 ChevronTexaco Corp COM 166764100 486 6,800 SH SOLE 6,800 Chubb Corporation COM 171232101 309 4,770 SH SOLE 4,770 Cisco Systems COM 17275R102 1,313 67,010 SH SOLE 67,010 Citigroup Inc COM 172967101 3,504 77,000 SH SOLE 77,000 Clear Channel Comm COM 184502102 661 17,250 SH SOLE 17,250 Cognos Inc COM 19244C109 341 8,100 SH SOLE 8,100 Colgate Palmolive COM 194162103 123 2,200 SH SOLE 2,200 Comcast Corporation COM 20030N101 809 26,200 SH SOLE 26,200 ConocoPhillips Inc COM 20825C104 744 13,580 SH SOLE 13,580 Convergys Corporation COM 212485106 979 53,400 SH SOLE 53,400 Corus Entertainment COM 220874101 254 10,800 SH SOLE 10,800 Cott Corp COM 22163N106 145 4,600 SH SOLE 4,600 Cox Communications Inc COM 224044107 613 19,380 SH SOLE 19,380 CP Ships Ltd COM 22409V102 265 9,300 SH SOLE 9,300 Creo COM 225606102 124 8,800 SH SOLE 8,800 DST Systems COM 233326107 143 3,810 SH SOLE 3,810 John Deere & Co. COM 244199105 675 12,670 SH SOLE 12,670 Dell Inc COM 24702R101 761 22,760 SH SOLE 22,760 Descartes Systems Group Inc. COM 249906108 38 10,900 SH SOLE 10,900 Devon Energy Corp COM 25179M103 177 3,680 SH SOLE 3,680 Diageo PLC COM 25243Q205 2,119 48,000 SH SOLE 48,000 Disney Walt Co COM 254687106 109 5,400 SH SOLE 5,400 Domtar Inc. COM 257561100 13,540 889,600 SH SOLE 889,600 Domtar Inc. COM 257561126 0 1,900 SH SOLE 1,900 Dorel Industries Inc COM 25822C205 98 2,500 SH SOLE 2,500 Dow Chemical Company COM 260543103 381 11,720 SH SOLE 11,720 Draxis Health Inc COM 26150J101 65 25,600 SH SOLE 25,600 E ON AG COM 268780103 2,987 61,200 SH SOLE 61,200 Ebay COM 278642103 220 4,100 SH SOLE 4,100 Eldorado Gold Corp COM 284902103 190 53,900 SH SOLE 53,900 Emerson Electric Co COM 291011104 342 6,500 SH SOLE 6,500 EnCana Corporation COM 292505104 17,899 366,040 SH SOLE 366,040 Enbridge Inc COM 29250N105 10,097 209,700 SH SOLE 209,700 Energy East Corporation COM 29266M109 220 9,800 SH SOLE 9,800 Entrust Inc COM 293848107 565 115,100 SH SOLE 115,100 Exxon Mobil Corp COM 30231G102 1,444 39,450 SH SOLE 39,450 FPL Group COM 302571104 166 2,630 SH SOLE 2,630 Fairfax Financial COM 303901102 105 500 SH SOLE 500 Fairmont Hotels COM 305204109 321 9,225 SH SOLE 9,225 Federal National Mtge Assoc COM 313586109 1,863 26,540 SH SOLE 26,540 First Data Corp COM 319963104 199 4,974 SH SOLE 4,974 Firstservice Corporation COM 33761N109 64 2,600 SH SOLE 2,600 First Energy Corp COM 337932107 92 2,880 SH SOLE 2,880 FleetBoston Financial Corp COM 339030108 1,827 60,600 SH SOLE 60,600 Fluor Corporation COM 343412102 1,516 40,600 SH SOLE 40,600 Forest Laboratories Inc COM 345838106 221 4,300 SH SOLE 4,300 Four Seasons Hotels COM 35100E104 88 1,300 SH SOLE 1,300 GSI Lumonics Inc COM 36229U102 119 10,800 SH SOLE 10,800 Genentech Inc COM 368710406 462 5,770 SH SOLE 5,770 General Dynamic Sys COM 369550108 2,506 32,100 SH SOLE 32,100 General Elec Co COM 369604103 906 30,380 SH SOLE 30,380 Gillette Co COM 375766102 124 3,887 SH SOLE 3,887 Gildan Activewear Inc COM 375916103 376 9,900 SH SOLE 9,900 Glamis Gold COM 376775102 125 7,000 SH SOLE 7,000 Glaxosmithkline Plc COM 37733W105 1,895 44,700 SH SOLE 44,700 Glaxosmithkline Plc COM 37733W295 438 35,100 SH SOLE 35,100 Gold Fields Ltd COM 38059T106 1,695 119,600 SH SOLE 119,600 Goldcorp Inc COM 380956409 341 18,100 SH SOLE 18,100 Goldman Sachs Group COM 38141G104 1,220 14,540 SH SOLE 14,540 Group CGI COM 39945C109 560 71,700 SH SOLE 71,700 Guidant Corp COM 401698105 386 8,230 SH SOLE 8,230 HCA Inc COM 404119109 155 4,200 SH SOLE 4,200 HSBC Holdings Plc COM 404280406 2,515 38,100 SH SOLE 38,100 Hartford Financial Services COM 416515104 472 8,970 SH SOLE 8,970 Hasbro Inc COM 418056107 73 3,900 SH SOLE 3,900 Heinz H J Co COM 423074103 321 9,370 SH SOLE 9,370 Hewlett Packard Co COM 428236103 656 33,900 SH SOLE 33,900 Home Depot Inc COM 437076102 348 10,913 SH SOLE 10,913 Honda Motor Co COM 438128308 2,403 119,200 SH SOLE 119,200 Honeywell International Inc COM 438516106 1,829 69,400 SH SOLE 69,400 Hormel Foods Corporation COM 440452100 37 1,600 SH SOLE 1,600 Imperial Oil Ltd COM 453038408 14,194 279,400 SH SOLE 279,400 Inco Ltd COM 453258402 888 23,700 SH SOLE 23,700 ING Groep NV COM 456837103 999 54,000 SH SOLE 54,000 Intel Corp COM 458140100 636 23,109 SH SOLE 23,109 InterActive Corp COM 45840Q101 352 10,600 SH SOLE 10,600 I B M Corp COM 459200101 1,318 14,920 SH SOLE 14,920 Intl Paper Co COM 460146103 447 11,460 SH SOLE 11,460 Intrawest Corp COM 460915200 83 4,400 SH SOLE 4,400 Amvescap PLC COM 461276891 116 25,000 SH SOLE 25,000 IPSCO Inc COM 462622101 87 5,300 SH SOLE 5,300 Ishares Tr COM 464287465 108,043 923,441 SH SOLE 923,441 Johnson & Johnson COM 478160104 1,475 29,794 SH SOLE 29,794 Kellogg Co COM 487836108 765 22,930 SH SOLE 22,930 Keyspan Corp COM 49337W100 133 3,800 SH SOLE 3,800 Kimberly Clark COM 494368103 729 14,210 SH SOLE 14,210 Kingsway Financial Service Inc COM 496904103 320 25,200 SH SOLE 25,200 Knight Ridder COM 499040103 173 2,600 SH SOLE 2,600 Kohls Corporation COM 500255104 571 10,670 SH SOLE 10,670 KROGER CO COM 501044101 96 5,400 SH SOLE 5,400 Lamar Advertising Company COM 512815101 207 7,030 SH SOLE 7,030 Estee Lauder COM 518439104 72 2,100 SH SOLE 2,100 Leitch Technology Corp COM 52543H107 3,016 726,700 SH SOLE 726,700 Liberty Media COM 530718105 186 18,700 SH SOLE 18,700 Linear Technology COM 535678106 313 8,720 SH SOLE 8,720 Luxottica Group SPA COM 55068R202 1,136 79,500 SH SOLE 79,500 Mbna corp COM 55262L100 358 15,700 SH SOLE 15,700 MDS Inc COM 55269P302 19,870 1,086,400 SH SOLE 1,086,400 Magna International Inc COM 559222401 13,319 136,600 SH SOLE 136,600 Manulife Financial Corp COM 56501R106 7,236 185,400 SH SOLE 185,400 Marsh & Mclennan COM 571748102 226 4,740 SH SOLE 4,740 Matsushita Electric Ind. Co COM 576879209 873 73,000 SH SOLE 73,000 Maxim Integrated Products COM 57772K101 301 7,640 SH SOLE 7,640 McDonalds Corporation COM 580135101 111 4,700 SH SOLE 4,700 Medtronic Inc COM 585055106 446 9,500 SH SOLE 9,500 Mellon Financial COM 58551A108 981 32,540 SH SOLE 32,540 Mercury Interactive Corp COM 589405109 238 5,210 SH SOLE 5,210 Merrill Lynch & Co Inc COM 590188108 1,196 22,340 SH SOLE 22,340 Methanex Corp COM 59151K108 260 20,600 SH SOLE 20,600 Metlife Inc COM 59156R108 535 19,090 SH SOLE 19,090 Microsoft Corp COM 594918104 3,082 110,852 SH SOLE 110,852 Microchip Technology Inc COM 595017104 235 9,810 SH SOLE 9,810 Moore Wallace Inc PREF 615857109 12,698 668,300 SH SOLE 668,300 Morgan Stanley Co COM 617446448 1,045 20,700 SH SOLE 20,700 Motorola Inc COM 620076109 411 34,300 SH SOLE 34,300 National Fuel Gas Company COM 636180101 181 7,900 SH SOLE 7,900 Network Associates COM 640938106 140 10,200 SH SOLE 10,200 New York Times Co COM 650111107 1,243 28,610 SH SOLE 28,610 Newell Rubbermaid Inc COM 651229106 80 3,700 SH SOLE 3,700 Nexen Inc COM 65334H102 22,792 620,200 SH SOLE 620,200 Nippon Tel & Tel Co COM 654624105 1,087 48,000 SH SOLE 48,000 Nokia Corp COM 654902204 1,407 90,200 SH SOLE 90,200 Nomura Holdings Inc COM 65535H208 2,037 127,000 SH SOLE 127,000 Norfolk Southern Corp COM 655844108 (666 (36,000)SH SOLE (36,000) Nortel Networks Corp COM 656568102 8,199 1,477,210 SH SOLE 1,477,210 Northern Trust Corp PREF 665859104 140 3,300 SH SOLE 3,300 Northrop Grumman Corp COM 666807102 278 3,220 SH SOLE 3,220 Northrop Grumman Corp COM 666807409 78 800 SH SOLE 800 Nova Chemicals Corp COM 66977W109 196 7,100 SH SOLE 7,100 Novartis AG COM 66987V109 2,525 65,000 SH SOLE 65,000 Novellus Systems Inc COM 670008101 331 9,840 SH SOLE 9,840 NSTAR COM 67019E107 314 6,600 SH SOLE 6,600 Occidental Petroleum COM 674599105 210 5,970 SH SOLE 5,970 Open Text COM 683715106 97 2,100 SH SOLE 2,100 Oracle Systems Corp COM 68389X105 567 50,386 SH SOLE 50,386 Outback Steakhouse COM 689899102 167 4,400 SH SOLE 4,400 PPG Industries COM 693506107 581 11,120 SH SOLE 11,120 PPL Corporation COM 69351T106 170 4,160 SH SOLE 4,160 Pearson Plc COM 705015105 144 15,000 SH SOLE 15,000 Pepsico Inc COM 713448108 1,031 22,490 SH SOLE 22,490 Petro Canada Limited COM 71644E102 1,596 30,400 SH SOLE 30,400 Pfizer Inc COM 717081103 4,653 153,152 SH SOLE 153,152 Pitney Bowes Inc COM 724479100 943 24,600 SH SOLE 24,600 Placer Dome Inc COM 725906101 29,078 1,566,700 SH SOLE 1,566,700 Potash Corp of Sask Inc COM 73755L107 6,563 68,600 SH SOLE 68,600 Praxair Inc COM 74005P104 103 1,670 SH SOLE 1,670 Precision Drilling Corp COM 74022D100 771 15,100 SH SOLE 15,100 Procter & Gamble Co COM 742718109 570 6,142 SH SOLE 6,142 Progress Energy Ltd COM 742981103 135 13,700 SH SOLE 13,700 Prudential Financial Inc COM 744320102 1,629 43,600 SH SOLE 43,600 QLT Inc COM 746927102 396 18,300 SH SOLE 18,300 Quebecor World Inc COM 748203106 12,934 509,800 SH SOLE 509,800 Reed Elsevier NV COM 758204101 1,162 51,000 SH SOLE 51,000 Research In Motion COM 760975102 237 4,600 SH SOLE 4,600 Rio Tinto Plc COM 767204100 53 600 SH SOLE 600 Rogers Communication Class B COM 775109200 499 24,100 SH SOLE 24,100 Royal Bank of Canada COM 780087102 28,412 477,906 SH SOLE 477,906 Royal Dutch Petroleum Co COM 780257804 3,196 72,300 SH SOLE 72,300 SBC Communications COM 78387G103 3,503 157,450 SH SOLE 157,450 SLM Corporation COM 78442P106 401 10,290 SH SOLE 10,290 SPDR Trust COM 78462F103 166,641 1,667,243 SH SOLE 1,667,243 Safeway Inc COM 786514208 65 2,840 SH SOLE 2,840 St Paul Companies COM 792860108 81 2,200 SH SOLE 2,200 Schering Plough Corp COM 806605101 608 39,900 SH SOLE 39,900 Schlumberger Ltd COM 806857108 458 9,460 SH SOLE 9,460 Sears Roebuck & Co COM 812387108 241 5,500 SH SOLE 5,500 Secom Company Ltd COM 813113206 308 4,000 SH SOLE 4,000 Shire Pharmaceuticals Grp Plc COM 82481R106 1,246 56,400 SH SOLE 56,400 Siemens AG COM 826197501 1,937 32,600 SH SOLE 32,600 Smurfit Stone Container COM 832727101 238 15,900 SH SOLE 15,900 Sony Corp COM 835699307 383 11,000 SH SOLE 11,000 Southern Peru Copper COM 843611104 175 7,900 SH SOLE 7,900 Southtrust Corp COM 844730101 175 5,950 SH SOLE 5,950 Sprint Corp PCS Group COM 852061506 226 39,390 SH SOLE 39,390 Stake Technology COM 852559103 53 5,700 SH SOLE 5,700 Stanley Works COM 854616109 599 20,300 SH SOLE 20,300 Staples Inc COM 855030102 211 8,860 SH SOLE 8,860 Starbucks COM 855244109 300 10,400 SH SOLE 10,400 Starwood Hotels & Resorts COM 85590A203 233 6,700 SH SOLE 6,700 Suncor Energy Inc COM 867229106 1,291 51,800 SH SOLE 51,800 SunGuard Data Systems COM 867363103 347 13,180 SH SOLE 13,180 Suntrust Banks Inc COM 867914103 761 12,610 SH SOLE 12,610 Superior Industries Int'l COM 868168105 900 22,200 SH SOLE 22,200 TJX Companies Inc COM 872540109 356 18,340 SH SOLE 18,340 TLC Vision Corp COM 872549100 67 7,900 SH SOLE 7,900 TXU Corp COM 873168108 384 16,300 SH SOLE 16,300 TXU Corp COM 873168504 7 200 SH SOLE 200 Talisman Energy Inc PREF 87425E103 1,429 22,300 SH SOLE 22,300 Target Corp COM 87612E106 648 17,230 SH SOLE 17,230 Telefonos de Mexico S A de C V COM 879403780 1,246 40,800 SH SOLE 40,800 TELUS Corp COM 87971M202 233 11,000 SH SOLE 11,000 Texas Instruments Inc COM 882508104 526 23,090 SH SOLE 23,090 Thermo Electron Corp COM 883556102 206 9,500 SH SOLE 9,500 Thomson Corp COM 884903105 205 5,000 SH SOLE 5,000 3M Company COM 88579Y101 493 7,140 SH SOLE 7,140 Timberland Company COM 887100105 1,267 29,700 SH SOLE 29,700 Tomkins PLC COM 890030208 1,808 108,000 SH SOLE 108,000 Toronto Dominion Bank COM 891160509 17,881 467,600 SH SOLE 467,600 TransCanada Corp PREF 89353D107 30,403 1,212,721 SH SOLE 1,212,721 Travelers Property Casualty COM 89420G109 788 49,640 SH SOLE 49,640 Tribune Co COM 896047107 928 20,210 SH SOLE 20,210 Tyco Intl Ltd COM 902124106 642 31,400 SH SOLE 31,400 Tyson Foods Inc COM 902494103 113 8,000 SH SOLE 8,000 UST Inc COM 902911106 3,191 90,700 SH SOLE 90,700 Union Pacific Corp. COM 907818108 570 9,800 SH SOLE 9,800 Unisys Corporation COM 909214108 626 46,300 SH SOLE 46,300 United Parcel Service COM 911312106 304 4,770 SH SOLE 4,770 United Technologies Corp COM 913017109 641 8,300 SH SOLE 8,300 Unocal Corp COM 915289102 485 15,400 SH SOLE 15,400 UPM Kymmene Corporation COM 915436109 1,648 97,900 SH SOLE 97,900 Veritas Softwar Corp COM 923436109 588 18,660 SH SOLE 18,660 Verizon Comm COM 92343V104 496 15,300 SH SOLE 15,300 Viacom Inc COM 925524308 1,519 39,550 SH SOLE 39,550 Vodafone Group Plc COM 92857W100 486 24,000 SH SOLE 24,000 WGL Holdings Inc COM 92924F106 130 4,700 SH SOLE 4,700 WPP Group PLC COM 929309300 421 10,000 SH SOLE 10,000 Wachovia Corp COM 929903102 221 5,360 SH SOLE 5,360 Wal Mart Stores Inc COM 931142103 942 16,860 SH SOLE 16,860 Walgreen Co COM 931422109 320 10,440 SH SOLE 10,440 Waters Corp COM 941848103 1,574 57,400 SH SOLE 57,400 Wendys International Inc COM 950590109 1,040 32,200 SH SOLE 32,200 Westwood One COM 961815107 390 12,930 SH SOLE 12,930 Wheaton River Minerals COM 962902102 94 35,100 SH SOLE 35,100 Wheaton River Minerals COM 962902177 18 13,875 SH SOLE 13,875 Williams Sanoma Inc COM 969904101 189 7,000 SH SOLE 7,000 Wyeth COM 983024100 1,741 37,760 SH SOLE 37,760 Xilinx COM 983919101 438 15,390 SH SOLE 15,390 Zarlink Semiconductor COM 989139100 282 53,500 SH SOLE 53,500 Deutsche Bank AG COM D18190898 303 5,000 SH SOLE 5,000 Ace Ltd COM G0070K103 337 10,200 SH SOLE 10,200 Noble Corp COM G65422100 360 10,600 SH SOLE 10,600 Transocean Inc COM G90078109 896 44,800 SH SOLE 44,800 Check Point Software Tech Ltd COM M22465104 978 58,100 SH SOLE 58,100 ASML Holding NV COM N07059111 184 14,000 SH SOLE 14,000 1,415,121