ALIBABA GROUP HOLDING-SP ADR 01609W102 1150 8392 SH SOLE NONE 8392 0 0 ALLEGION PLC COM G0176J109 20568 258040 SH SOLE NONE 258040 0 0 ALLERGAN PLC COM G0177J108 20340 152174 SH SOLE NONE 152174 0 0 ALPHABET INC CLASS A 02079K305 49413 47285 SH SOLE NONE 47285 0 0 ALPHABET INC CLASS C 02079K107 387824 374485 SH OTR 1 373089 1396 0 AMAZON.COM INC COM 023135106 31801 21173 SH SOLE NONE 21173 0 0 AMERISOURCEBERGEN CORP COM 03073E105 15562 209160 SH SOLE NONE 209160 0 0 AMETEK INC COM 031100100 199623 2949223 SH OTR 1 2940873 8350 0 AMPHENOL CORP CLASS A 032095101 150909 1862610 SH OTR 1 1856110 6500 0 ANHEUSER-BUSCH INBEV-SPN ADR 03524A108 3244 49292 SH SOLE NONE 49292 0 0 ANSYS INC COM 03662Q105 84724 592732 SH SOLE NONE 592732 0 0 AON PLC COM G0408V102 833926 5736969 SH OTR 1 5728019 8950 0 APTARGROUP INC COM 038336103 62709 666623 SH SOLE NONE 666623 0 0 BANK OF HAWAII CORP COM 062540109 21972 326386 SH SOLE NONE 326386 0 0 BANK OF MONTREAL COM 063671101 191135 2907409 SH SOLE NONE 2907409 0 0 BANK OF NOVA SCOTIA COM 064149107 210365 4192229 SH SOLE NONE 4192229 0 0 BAXTER INTERNATIONAL INC COM 071813109 80678 1225741 SH OTR 1 1222741 3000 0 BCE INC COM 05534B760 128424 3230253 SH SOLE NONE 3230253 0 0 BECTON DICKINSON AND CO COM 075887109 386856 1717379 SH OTR 1 1711919 5460 0 BLACKROCK INC COM 09247X101 127207 323831 SH OTR 1 322621 1210 0 BOOKING HOLDINGS INC COM 09857L108 40632 23590 SH SOLE NONE 23590 0 0 BROOKFIELD ASSET MANAGE CLASS A 112585104 358621 9301933 SH OTR 1 9288312 13621 0 CANADIAN NATL RAILWAY CO COM 136375102 159951 2146665 SH SOLE NONE 2146285 0 0 CANADIAN NATURAL RESOURCES COM 136385101 208031 8568058 SH OTR 1 8560758 7300 0 CANADIAN PACIFIC RAILWAY LTD COM 13645T100 264089 1479027 SH SOLE NONE 1479027 0 0 CERNER CORP COM 156782104 11744 223948 SH SOLE NONE 223948 0 0 CHINA MOBILE LTD-SPON ADR 16941M109 2024 42168 SH SOLE NONE 42168 0 0 CIA CERVECERIAS UNI-SPON ADR 204429104 29015 1154606 SH OTR 1 1148984 5622 0 CIGNA CORP COM 125523100 4283 22554 SH SOLE NONE 22554 0 0 CINEMARK HOLDINGS INC COM 17243V102 19984 558224 SH SOLE NONE 558224 0 0 CME GROUP INC COM 12572Q105 120957 643190 SH SOLE NONE 643190 0 0 COLLIERS INTERNATIONAL GROUP COM 194693107 25265 455134 SH SOLE NONE 455134 0 0 COMCAST CORP CLASS A 20030N101 186811 5485298 SH OTR 1 5476548 8750 0 CSX CORP COM 126408103 142983 2301350 SH OTR 1 2291750 9600 0 DENTSPLY SIRONA INC COM 24906P109 27643 742903 SH SOLE NONE 742903 0 0 DESCARTES SYSTEMS GRP/THE COM 249906108 93155 3507360 SH SOLE NONE 3507360 0 0 DOUGLAS DYNAMICS INC COM 25960R105 20484 570731 SH SOLE NONE 570731 0 0 ECOLAB INC COM 278865100 27063 183665 SH SOLE NONE 183665 0 0 ENBRIDGE INC COM 29250N105 59002 1887587 SH SOLE NONE 1887587 0 0 ENCANA CORP COM 292505104 153 26324 SH SOLE NONE 26324 0 0 FACTSET RESEARCH SYSTEMS INC COM 303075105 11771 58815 SH SOLE NONE 58815 0 0 FIRSTSERVICE CORP COM 33767E103 16559 239718 SH SOLE NONE 239718 0 0 FOX FACTORY HOLDING CORP COM 35138V102 17093 290350 SH SOLE NONE 290350 0 0 GAZIT GLOBE LTD COM M4793C102 666 95899 SH SOLE NONE 95899 0 0 GILEAD SCIENCES INC COM 375558103 52014 831553 SH SOLE NONE 831553 0 0 HERSHEY CO/THE COM 427866108 54332 506920 SH SOLE NONE 506920 0 0 HOLOGIC INC COM 436440101 17775 432490 SH SOLE NONE 432490 0 0 IHS MARKIT LTD COM G47567105 153586 3201701 SH OTR 1 3195301 6400 0 INFOSYS LTD-SP ADR 456788108 1438 151000 SH SOLE NONE 151000 0 0 INSPERITY INC COM 45778Q107 26131 279900 SH SOLE NONE 279900 0 0 INTEL CORP COM 458140100 200 4270 SH SOLE NONE 4270 0 0 INTERCONTINENTAL EXCHANGE IN COM 45866F104 38027 504803 SH SOLE NONE 504803 0 0 INTERCONTINENTAL HOTELS ADR 45857P806 2473 45298 SH SOLE NONE 45298 0 0 INTL FLAVORS & FRAGRANCES COM 459506101 100032 745004 SH OTR 1 742189 2815 0 INTL SPEEDWAY CORP CLASS A 460335201 30110 686492 SH SOLE NONE 686492 0 0 INTUIT INC COM 461202103 80820 410728 SH SOLE NONE 410728 0 0 ISHARES US PHARMACEUTICALS E ETF 464288836 1042 7400 SH SOLE NONE 7400 0 0 ITAU UNIBANCO H-SPON PRF ADR 465562106 149 16350 SH OTR 1 0 16350 0 JD.COM INC ADR 47215P106 67503 3225172 SH SOLE NONE 3225172 0 0 JOHNSON & JOHNSON COM 478160104 223303 1730789 SH OTR 1 1725159 5630 0 JPMORGAN CHASE & CO COM 46625H100 373894 3830537 SH OTR 1 3815987 14550 0 KAR AUCTION SERVICES INC COM 48238T109 172708 3619199 SH OTR 1 3608007 11192 0 LINDE PLC COM G5494J103 153680 984874 SH OTR 1 981324 3550 0 LKQ CORP COM 501889208 19716 830466 SH SOLE NONE 830466 0 0 MANULIFE FINANCIAL CORP COM 56501R106 158979 11137982 SH SOLE NONE 11137982 0 0 MARSH & MCLENNAN COS COM 571748102 237840 2983220 SH OTR 1 2977420 5800 0 MASTERCARD INC - A COM 57636Q104 78631 416810 SH SOLE NONE 416810 0 0 MCDONALD'S CORP COM 580135101 241 1355 SH SOLE NONE 1355 0 0 MICROSOFT CORP COM 594918104 91307 898953 SH OTR 1 896453 2500 0 MORNINGSTAR INC COM 617700109 31678 288400 SH SOLE NONE 288400 0 0 NIELSEN HOLDINGS PLC COM G6518L108 11759 504050 SH SOLE NONE 504050 0 0 NIKE INC CLASS B 654106103 75253 1015508 SH SOLE NONE 1015508 0 0 NOVARTIS AG-SPONSORED ADR 66987V109 408841 4764486 SH OTR 1 4756836 7650 0 NUTRIEN LTD COM 67077M108 143017 3026966 SH SOLE NONE 3026966 0 0 ORACLE CORP COM 68389X105 82743 1833282 SH OTR 1 1829137 4145 0 PAYCHEX INC COM 704326107 53151 815831 SH SOLE NONE 815831 0 0 PAYPAL HOLDINGS INC COM 70450Y103 21408 254586 SH SOLE NONE 254586 0 0 PEPSICO INC COM 713448108 130211 1178647 SH OTR 1 1175147 3500 0 PPG INDUSTRIES INC COM 693506107 99506 973350 SH OTR 1 969450 3900 0 PROCTER & GAMBLE CO/THE COM 742718109 96971 1055293 SH SOLE NONE 1055293 0 0 ROGERS COMMUNICATIONS IN CLASS B 775109200 213432 4138669 SH OTR 1 4134696 3973 0 ROYAL BANK OF CANADA COM 780087102 402169 5839128 SH OTR 1 5831428 7700 0 RPM INTERNATIONAL INC COM 749685103 31124 529492 SH SOLE NONE 529492 0 0 S&P GLOBAL INC COM 78409V104 328899 1935385 SH OTR 1 1927818 7567 0 SHAW COMMUNICATIONS IN CLASS B 82028K200 159174 8737849 SH SOLE NONE 8737849 0 0 SHENANDOAH TELECOMMUNICATION COM 82312B106 23903 540188 SH SOLE NONE 540188 0 0 SHERWIN-WILLIAMS CO/THE COM 824348106 27131 68955 SH SOLE NONE 68955 0 0 SHOPIFY INC - CLASS A 82509L107 58259 419046 SH SOLE NONE 419046 0 0 STANTEC INC COM 85472N109 43293 1963166 SH SOLE NONE 1963166 0 0 SUNCOR ENERGY INC COM 867224107 213038 7580583 SH OTR 1 7573483 7100 0 TAIWAN SEMICONDUCTOR-SP ADR 874039100 30874 836456 SH OTR 1 827856 8600 0 TELUS CORP COM 87971M103 297828 8928454 SH OTR 1 8920054 8400 0 TEXAS INSTRUMENTS INC COM 882508104 17760 187940 SH SOLE NONE 187940 0 0 THOMSON REUTERS CORP COM 884903709 170086 3500261 SH SOLE NONE 3500261 0 0 TORONTO-DOMINION BANK COM 891160509 303980 6080105 SH SOLE NONE 6080105 0 0 TRIMAS CORP COM 896215209 16225 594526 SH SOLE NONE 594526 0 0 UNILEVER PLC-SPONSORED ADR 904767704 1846 35331 SH SOLE NONE 35331 0 0 UNION PACIFIC CORP COM 907818108 216383 1565386 SH OTR 1 1558956 6430 0 UNITED TECHNOLOGIES CORP COM 913017109 108097 1015456 SH OTR 1 1012296 3160 0 VERISK ANALYTICS INC COM 92345Y106 203683 1868448 SH OTR 1 1866208 2240 0 VERIZON COMMUNICATIONS INC COM 92343V104 191168 3400361 SH OTR 1 3388611 11750 0 VISA INC-CLASS A SHARES COM 92826C839 357384 2709190 SH OTR 1 2701190 8000 0 WABTEC CORP COM 929740108 27055 385130 SH SOLE NONE 385130 0 0 WATERS CORP COM 941848103 96981 514488 SH SOLE NONE 514488 0 0 WELLS FARGO & CO COM 949746101 153853 3339380 SH OTR 1 3330580 8800 0 WEST PHARMACEUTICAL SERVICES COM 955306105 28464 290365 SH SOLE NONE 290365 0 0 WESTPAC BANKING CORP-SP ADR 961214301 929 53197 SH SOLE NONE 53197 0 0 WILLIS TOWERS WATSON PLC COM G96629103 178117 1172901 SH OTR 1 1169955 2946 0 WPP PLC-SPONSORED ADR 92937A102 1638 29888 SH SOLE NONE 29888 0 0