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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SCHLUMBERGER LTD COM 806857108 1,192 12,200 SH   SOLE   12,200 0 0
NABORS INDUSTRIES LTD SHS G6359F103 14,582 592,294 SH   SOLE   592,294 0 0
SEADRILL LTD SHS G7945E105 1,694 48,000 SH   SOLE   48,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 1,543 50,900 SH   SOLE   50,900 0 0
AGRIUM INC COM 008916108 3,889 40,000 SH   SOLE   40,000 0 0
BCE INC COM NEW 05534B760 7,350 170,000 SH   SOLE   170,000 0 0
BANK OF MONTREAL COM 063671101 11,373 169,500 SH   SOLE   169,500 0 0
BANK OF NOVA SCOTIA COM 064149107 22,347 385,000 SH   SOLE   385,000 0 0
BARRICK GOLD CORP COM 067901108 6,639 372,000 SH   SOLE   372,000 0 0
BLACKBERRY LTD COM 09228F103 999 124,500 SH   SOLE   124,500 0 0
BROOKFIELD ASSET MANAGE CL A LTD VT SH 112585104 8,324 204,000 SH   SOLE   204,000 0 0
CAE INC COM 124765108 3,071 234,000 SH   SOLE   234,000 0 0
CAMECO CORP COM 13321L108 3,285 143,000 SH   SOLE   143,000 0 0
CAN IMPERIAL BK OF COMMERCE COM 136069101 8,538 99,000 SH   SOLE   99,000 0 0
CANADIAN NATL RAILWAY CO COM 136375102 17,936 318,600 SH   SOLE   318,600 0 0
CANADIAN NATURAL RESOURCES COM 136385101 12,138 318,000 SH   SOLE   318,000 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 3,367 22,400 SH   SOLE   22,400 0 0
CATAMARAN CORP COM 148887102 2,796 62,200 SH   SOLE   62,200 0 0
CENOVUS ENERGY INC COM 15135U109 6,517 226,000 SH   SOLE   226,000 0 0
CRESCENT POINT ENERGY COM 22576C101 4,142 113,500 SH   SOLE   113,500 0 0
ELDORADO GOLD CORP COM 284902103 1,148 204,000 SH   SOLE   204,000 0 0
ENCANA CORP COM 292505104 7,630 357,000 SH   SOLE   357,000 0 0
ENBRIDGE INC COM 29250N105 11,259 248,000 SH   SOLE   248,000 0 0
ENERPLUS CORP COM 292766102 1,127 56,500 SH   SOLE   56,500 0 0
GILDAN ACTIVEWEAR INC COM 375916103 4,849 96,600 SH   SOLE   96,600 0 0
GOLDCORP INC COM 380956409 4,481 183,000 SH   SOLE   183,000 0 0
CGI GROUP INC CL A SUB VTG 39945C109 3,506 113,300 SH   SOLE   113,300 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,516 370,000 SH   SOLE   370,000 0 0
MAGNA INTERNATIONAL INC COM 559222401 7,844 81,500 SH   SOLE   81,500 0 0
MANULIFE FINANCIAL CORP. COM 56501R106 1,402 73,000 SH   SOLE   73,000 0 0
PENN WEST PETROLEUM LTD COM 707887105 1,168 141,000 SH   SOLE   141,000 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 10,085 279,500 SH   SOLE   279,500 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 4,406 106,000 SH   SOLE   106,000 0 0
ROYAL BANK OF CANADA COM 780087102 29,266 442,500 SH   SOLE   442,500 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 2,705 113,000 SH   SOLE   113,000 0 0
SILVER WHEATON CORP COM 828336107 3,755 165,000 SH   SOLE   165,000 0 0
Sun Life Financial Inc. COM 866796105 728 21,000 SH   SOLE   21,000 0 0
SUNCOR ENERGY INC COM 867224107 15,103 431,000 SH   SOLE   431,000 0 0
TALISMAN ENERGY INC COM 87425E103 4,122 415,000 SH   SOLE   415,000 0 0
TECK RESOURCES LTD CL B 878742204 1,953 90,400 SH   SOLE   90,400 0 0
TELUS CORP COM 87971M103 6,924 192,000 SH   SOLE   192,000 0 0
THOMSON REUTERS CORP COM 884903105 1,783 52,000 SH   SOLE   52,000 0 0
TIM HORTONS INC COM 88706M103 2,506 45,250 SH   SOLE   45,250 0 0
TORONTO-DOMINION BANK COM NEW 891160509 28,725 612,000 SH   SOLE   612,000 0 0
TRANSCANADA CORP COM 89353D107 10,270 226,000 SH   SOLE   226,000 0 0
VALEANT PHARMACEUTICALS INTE COM 91911K102 11,998 92,500 SH   SOLE   92,500 0 0
YAMANA GOLD INC COM 98462Y100 1,888 215,000 SH   SOLE   215,000 0 0
UBS AG SHS NEW H89231338 20,131 984,486 SH   SOLE   984,486 0 0
WEATHERFORD INTL LTD REG SHS H27013103 3,626 237,500 SH   SOLE   237,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 4,681 114,800 SH   SOLE   114,800 0 0
TYCO INTERNATIONAL LTD SHS H89128104 1,761 41,600 SH   SOLE   41,600 0 0
TE CONNECTIV.LTD. SF REG SHS H84989104 2,086 34,570 SH   SOLE   34,570 0 0
DEUTSCHE BANK AG-REGISTERED NAMEN AKT D18190898 68,922 1,536,779 SH   SOLE   1,536,779 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 2,085 61,911 SH   SOLE   61,911 0 0
SEAGATE TECHNOLOGY SHS G7945M107 6,336 112,318 SH   SOLE   112,318 0 0
INGERSOLL-RAND PLC SHS G47791101 86 1,500 SH   SOLE   1,500 0 0
ALLEGION PLC ORD SHS G0176J109 26 500 SH   SOLE   500 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 3,023 44,560 SH   SOLE   44,560 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1,412 26,000 SH   SOLE   26,000 0 0
QIAGEN N.V. REG SHS N72482107 5,716 273,000 SH   SOLE   273,000 0 0
YANDEX NV CL A N97284108 60 2,000 SH   SOLE   2,000 0 0
CNH INDUSTRIAL NV SHS N20944109 3,247 284,000 SH   SOLE   284,000 0 0
ACCO BRANDS CORP COM 00081T108 5 824 SH   SOLE   824 0 0
ADT CORP/THE COM 00101J106 6,440 215,604 SH   SOLE   215,604 0 0
AT&T INC COM 00206R102 23,539 669,659 SH   SOLE   669,659 0 0
ABBOTT LABORATORIES COM 002824100 21,960 570,602 SH   SOLE   570,602 0 0
ABBVIE INC COM 00287Y109 7,514 147,154 SH   SOLE   147,154 0 0
AMBEV SA SPONSORED ADR 02319V103 2,045 275,000 SH   SOLE   275,000 0 0
AMEREN CORPORATION COM 023608102 10,476 253,098 SH   SOLE   253,098 0 0
AMERICAN ELECTRIC POWER COM 025537101 2,074 40,745 SH   SOLE   40,745 0 0
AMGEN INC COM 031162100 8,338 67,569 SH   SOLE   67,569 0 0
APACHE CORP COM 037411105 19,213 232,826 SH   SOLE   232,826 0 0
APPLE INC COM 037833100 13,609 25,356 SH   SOLE   25,356 0 0
AUTODESK INC COM 052769106 344 7,000 SH   SOLE   7,000 0 0
BAKER HUGHES INC COM 057224107 130 2,000 SH   SOLE   2,000 0 0
BANK OF AMERICA CORP COM 060505104 20,820 1,211,867 SH   SOLE   1,211,867 0 0
BAXTER INTERNATIONAL INC COM 071813109 2,894 39,273 SH   SOLE   39,273 0 0
BECTON DICKINSON AND CO COM 075887109 373 3,200 SH   SOLE   3,200 0 0
BED BATH & BEYOND INC COM 075896100 2,216 32,132 SH   SOLE   32,132 0 0
BEST BUY CO INC COM 086516101 4,754 180,821 SH   SOLE   180,821 0 0
BIOGEN IDEC INC. COM 09062X103 243 800 SH   SOLE   800 0 0
CVS CAREMARK CORP COM 126650100 10,833 144,175 SH   SOLE   144,175 0 0
CA INC COM 12673P105 9,587 309,165 SH   SOLE   309,165 0 0
CAMPBELL SOUP CO COM 134429109 314 7,000 SH   SOLE   7,000 0 0
CARDINAL HEALTH INC COM 14149Y108 2,240 32,025 SH   SOLE   32,025 0 0
CAREFUSION CORP COM 14170T101 3,659 91,127 SH   SOLE   91,127 0 0
CATERPILLAR INC COM 149123101 238 2,400 SH   SOLE   2,400 0 0
CENTURYLINK INC COM 156700106 8,820 268,322 SH   SOLE   268,322 0 0
CHESAPEAKE EN. COM 165167107 3,818 150,793 SH   SOLE   150,793 0 0
CISCO SYSTEMS INC COM 17275R102 23,953 1,063,201 SH   SOLE   1,063,201 0 0
CITIGROUP INC COM NEW 172967424 1,334 28,000 SH   SOLE   28,000 0 0
CLOROX COMPANY COM 189054109 4,849 55,331 SH   SOLE   55,331 0 0
COCA-COLA CO/THE COM 191216100 11,538 297,694 SH   SOLE   297,694 0 0
COLGATE-PALMOLIVE CO COM 194162103 4,648 71,912 SH   SOLE   71,912 0 0
CIA EN.GER.ADR PFD NV 1 SPONS ADR 204409601 1,105 161,593 SH   SOLE   161,593 0 0
CIA SANEAMENTO BASICO DE SPONSORED ADR 20441A102 555 60,000 SH   SOLE   60,000 0 0
CONAGRA FOODS INC COM 205887102 62 2,000 SH   SOLE   2,000 0 0
CORNING INC COM 219350105 19,266 920,044 SH   SOLE   920,044 0 0
DANAHER CORP. COM 235851102 3,387 45,248 SH   SOLE   45,248 0 0
DENBURY RESOURCES INC COM NEW 247916208 8,308 504,151 SH   SOLE   504,151 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 5,938 74,323 SH   SOLE   74,323 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 2,215 38,087 SH   SOLE   38,087 0 0
DISCOVERY COMMUNICATIONS COM SER A 25470F104 1,972 23,806 SH   SOLE   23,806 0 0
DOW CHEMICAL CO/THE COM 260543103 559 11,500 SH   SOLE   11,500 0 0
Du Pont Nemours COM 263534109 2,286 34,090 SH   SOLE   34,090 0 0
DUKE ENERGY CORP COM NEW 26441C204 6,929 97,409 SH   SOLE   97,409 0 0
EMC CORP/MA COM 268648102 7,620 277,583 SH   SOLE   277,583 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 11,248 492,896 SH   SOLE   492,896 0 0
EBAY INC COM 278642103 555 10,012 SH   SOLE   10,012 0 0
ECOPETROL SA SPONSORED ADS 279158109 284 7,000 SH   SOLE   7,000 0 0
Edison International COM 281020107 2,379 42,291 SH   SOLE   42,291 0 0
ENTERGY CORP COM 29364G103 67 1,000 SH   SOLE   1,000 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 2,080 27,684 SH   SOLE   27,684 0 0
EXXON MOBIL CORP COM 30231G102 16,063 164,882 SH   SOLE   164,882 0 0
FEDEX CORP COM 31428X106 9,136 68,792 SH   SOLE   68,792 0 0
FIFTH THIRD BANCORP COM 316773100 2,918 126,919 SH   SOLE   126,919 0 0
FIRST SOLAR INC COM 336433107 5,053 72,346 SH   SOLE   72,346 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,010 704,673 SH   SOLE   704,673 0 0
GAMESTOP CORP CL A 36467W109 4,190 101,549 SH   SOLE   101,549 0 0
GAP INC. COM 364760108 2,045 51,500 SH   SOLE   51,500 0 0
GRAHAM HOLDINGS CO COM 384637104 2,569 3,655 SH   SOLE   3,655 0 0
HALLIBURTON CO COM 406216101 649 11,000 SH   SOLE   11,000 0 0
HELMERICH & PAYNE COM 423452101 2,286 21,269 SH   SOLE   21,269 0 0
HERSHEY CO/THE COM 427866108 6,611 63,292 SH   SOLE   63,292 0 0
HEWLETT-PACKARD CO COM 428236103 18,489 570,648 SH   SOLE   570,648 0 0
HOME DEPOT INC COM 437076102 3,176 40,166 SH   SOLE   40,166 0 0
Honeywell Intl COM 438516106 7,983 86,239 SH   SOLE   86,239 0 0
HUMANA INC COM 444859102 337 3,000 SH   SOLE   3,000 0 0
INTEL CORP COM 458140100 1,189 46,000 SH   SOLE   46,000 0 0
INTL BUSINESS MACHINES CORP COM 459200101 4,115 21,257 SH   SOLE   21,257 0 0
ITAU UNIBANCO HLDNG SPON ADR REP PFD 465562106 522 34,980 SH   SOLE   34,980 0 0
JABIL CIRCUIT INC COM 466313103 4,944 274,514 SH   SOLE   274,514 0 0
JOHNSON & JOHNSON COM 478160104 34,599 352,846 SH   SOLE   352,846 0 0
JOHNSON CONTROLS INC COM 478366107 237 5,000 SH   SOLE   5,000 0 0
KOHLS CORP COM 500255104 4,890 86,521 SH   SOLE   86,521 0 0
KRAFT FOODS GROUP INC COM 50076Q106 187 3,333 SH   SOLE   3,333 0 0
KROGER CO COM 501044101 12,302 281,064 SH   SOLE   281,064 0 0
LEGG MASON INC COM 524901105 3,565 72,429 SH   SOLE   72,429 0 0
ELI LILLY & CO COM 532457108 7,629 129,694 SH   SOLE   129,694 0 0
MACY'S INC COM 55616P104 2,296 38,802 SH   SOLE   38,802 0 0
MCDONALD'S CORP COM 580135101 13,087 133,288 SH   SOLE   133,288 0 0
MCGRAW HILL FINL INC COM 580645109 14,510 190,621 SH   SOLE   190,621 0 0
MEADWESTVACO CORP COM 583334107 320 8,500 SH   SOLE   8,500 0 0
MEDTRONIC INC COM 585055106 6,090 99,143 SH   SOLE   99,143 0 0
MERCK & CO. INC. COM 58933Y105 17,410 308,417 SH   SOLE   308,417 0 0
MICROSOFT CORP COM 594918104 40,299 973,196 SH   SOLE   973,196 0 0
MOBILE TELESYSTEMS SPONSORED ADR 607409109 278 16,000 SH   SOLE   16,000 0 0
MONDELEZ INTERNATIONAL INC CL A 609207105 4,212 121,347 SH   SOLE   121,347 0 0
MOODY'S CORP COM 615369105 3,159 40,069 SH   SOLE   40,069 0 0
MORGAN STANLEY COM NEW 617446448 589 19,000 SH   SOLE   19,000 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 221 3,428 SH   SOLE   3,428 0 0
NEWFIELD EXPLORATION CO COM 651290108 8,975 286,111 SH   SOLE   286,111 0 0
NEWMONT MINING CORP COM 651639106 11,131 475,066 SH   SOLE   475,066 0 0
NEWS CORP CL A 65249B109 8,174 475,488 SH   SOLE   475,488 0 0
NIKE INC CL B 654106103 399 5,400 SH   SOLE   5,400 0 0
NVIDIA CORP COM 67066G104 10,724 597,101 SH   SOLE   597,101 0 0
OWENS CORNING COM 690742101 108 2,500 SH   SOLE   2,500 0 0
P G & E CORP COM 69331C108 2,130 49,281 SH   SOLE   49,281 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 21,319 244,962 SH   SOLE   244,962 0 0
PEPSICO INC COM 713448108 13,886 166,508 SH   SOLE   166,508 0 0
PETROLEO BRASILEIRO SP ADR NON VTG 71654V101 413 29,800 SH   SOLE   29,800 0 0
PFIZER INC COM 717081103 20,731 646,637 SH   SOLE   646,637 0 0
PINNACLE WEST CAPITAL COM 723484101 6,846 124,943 SH   SOLE   124,943 0 0
PROCTER & GAMBLE CO/THE COM 742718109 13,057 162,540 SH   SOLE   162,540 0 0
QUALCOMM INC COM 747525103 7,889 99,664 SH   SOLE   99,664 0 0
QUEST DIAGNOSTICS INC COM 74834L100 2,455 42,551 SH   SOLE   42,551 0 0
REPUBLIC SERVICES INC COM 760759100 3,690 107,934 SH   SOLE   107,934 0 0
ROPER INDUSTRIES INC COM 776696106 11,649 87,000 SH   SOLE   87,000 0 0
RYDER SYSTEM INC COM 783549108 7,161 89,402 SH   SOLE   89,402 0 0
SEMPRA ENERGY COM 816851109 78 800 SH   SOLE   800 0 0
SOUTHERN CO/THE COM 842587107 2,925 66,588 SH   SOLE   66,588 0 0
SOUTHWEST AIRLINES CO COM 844741108 4,405 187,448 SH   SOLE   187,448 0 0
STAPLES INC COM 855030102 9,162 813,711 SH   SOLE   813,711 0 0
STARBUCKS CORP COM 855244109 293 4,000 SH   SOLE   4,000 0 0
STATE STREET CORP COM 857477103 390 5,600 SH   SOLE   5,600 0 0
SYMANTEC CORP COM 871503108 5,299 267,340 SH   SOLE   267,340 0 0
TJX COS INC. COM 872540109 2,202 36,396 SH   SOLE   36,396 0 0
TERADYNE INC COM 880770102 367 18,470 SH   SOLE   18,470 0 0
3M CO COM 88579Y101 2,038 15,016 SH   SOLE   15,016 0 0
TIME WARNER INC COM NEW 887317303 6,067 92,865 SH   SOLE   92,865 0 0
TYSON FOODS INC CL A 902494103 7,384 168,385 SH   SOLE   168,385 0 0
UNION PACIFIC CORP COM 907818108 11,147 59,389 SH   SOLE   59,389 0 0
UNITED PARCEL SERVICE CL B 911312106 7,428 76,220 SH   SOLE   76,220 0 0
UNITED TECHNOLOGIES CORP COM 913017109 4,564 39,193 SH   SOLE   39,193 0 0
UNITEDHEALTH GROUP INC COM 91324P102 8,364 102,263 SH   SOLE   102,263 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 26,173 550,096 SH   SOLE   550,096 0 0
VIACOM INC CL B 92553P201 18,247 213,745 SH   SOLE   213,745 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 17,072 79,417 SH   SOLE   79,417 0 0
WAL-MART STORES INC COM 931142103 23,852 311,444 SH   SOLE   311,444 0 0
WASTE MANAGEMENT INC COM 94106L109 314 7,500 SH   SOLE   7,500 0 0
WELLS FARGO & CO COM 949746101 4,447 89,642 SH   SOLE   89,642 0 0
WESTERN DIGITAL CORP COM 958102105 10,839 117,971 SH   SOLE   117,971 0 0
WEYERHAEUSER CO COM 962166104 235 8,000 SH   SOLE   8,000 0 0
XEROX CORP COM 984121103 8,064 712,392 SH   SOLE   712,392 0 0