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   20,203,076 250,800 SH   SOLE 250,800 0 0
AMERCIAN ELEC PWR CO INC COM 025537101   23,854,500 232,500 SH   SOLE 232,500 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   9,622,732 34,773 SH   SOLE 34,773 0 0
CAE INC COM 124765108   8,537,798 454,800 SH   SOLE 454,800 0 0
CANADIAN NAT RES LTD COM 136385101   10,462,951 315,100 SH   SOLE 315,100 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   10,692,526 125,025 SH   SOLE 125,025 0 0
DANIMER SCIENTIFIC INC COM CL A 236272100   12,763 28,100 SH   SOLE 28,100 0 0
DENISON MINES CORP COM 248356107   291,562 160,300 SH   SOLE 160,300 0 0
FIFTH THIRD BANCORP COM 316773100   681,156 15,900 SH   SOLE 15,900 0 0
HALEON PLC SPON ADS 405552100   11,906,732 1,125,400 SH   SOLE 1,125,400 0 0
HUDBAY MINERALS INC COM 443628102   2,938,715 319,515 SH   SOLE 319,515 0 0
KRAFT HEINZ CO COM 500754106   12,104,173 344,750 SH   SOLE 344,750 0 0
MAGNA INTL INC COM 559222401   6,248,507 152,325 SH   SOLE 152,325 0 0
MANULIFE FINL CORP COM 56501R106   19,018,587 643,550 SH   SOLE 643,550 0 0
MASTERCARD INCORPORATED CL A 57636Q104   234,555 475 SH   SOLE 475 0 0
MICROSOFT CORP COM 594918104   16,198,644 37,645 SH   SOLE 37,645 0 0
NEW GOLD INC CDA COM 644535106   72,458 25,000 SH   SOLE 25,000 0 0
NEWMONT CORP COM 651639106   550,535 10,300 SH   SOLE 10,300 0 0
ORIGIN MATERIALS INC *W EXP 06/25/202 68622D114   1,990 16,600 SH   SOLE 16,600 0 0
ROYAL BK CDA COM 780087102   11,419,741 91,500 SH   SOLE 91,500 0 0
SUN LIFE FINANCIAL INC. COM 866796105   243,643 4,200 SH   SOLE 4,200 0 0
TC ENERGY CORP COM 87807B107   24,460,138 514,575 SH   SOLE 514,575 0 0
TECK RESOURCES LTD CL B 878742204   9,046,108 173,200 SH   SOLE 173,200 0 0
TELUS CORPORATION COM 87971M103   13,555,283 808,000 SH   SOLE 808,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   16,034,131 253,580 SH   SOLE 253,580 0 0
UNION PAC CORP COM 907818108   283,452 1,150 SH   SOLE 1,150 0 0
VERISK ANALYTICS INC COM 92345Y106   247,863 925 SH   SOLE 925 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   21,978,954 489,400 SH   SOLE 489,400 0 0
ZOETIS INC CL A 98978V103   12,279,633 62,850 SH   SOLE   62,850 0 0