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
3M CO COM 88579Y101   14,399 140,900 SH   SOLE   140,900 0 0
AFLAC INC COM 001055102   4,027 45,090 SH   SOLE   45,090 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102   6,514 90,467 SH   SOLE   90,467 0 0
ALPHABET INC-CL A COM 02079K305   28,516 156,550 SH   SOLE   156,550 0 0
AMAZON.COM INC COM 023135106   14,127 73,100 SH   SOLE   73,100 0 0
AMERICAN EXPRESS CO COM 025816109   2,633 11,370 SH   SOLE   11,370 0 0
AUTOZONE INC COM 053332102   8,789 2,965 SH   SOLE   2,965 0 0
BANK OF AMERICA CORP COM 060505104   11,296 284,025 SH   SOLE   284,025 0 0
BANK OZK COM 06417N103   8,450 206,100 SH   SOLE   206,100 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702   4,355 10,706 SH   SOLE   10,706 0 0
BOSTON BEER COMPANY INC-A COM 100557107   6,275 20,570 SH   SOLE   20,570 0 0
BROOKFIELD ASSET MGMT-A COM 113004105   21,194 556,857 SH   SOLE   556,857 0 0
BROOKFIELD CORP COM 11271J107   22,785 547,937 SH   SOLE   547,937 0 0
BRP INC/CA- SUB VOTING COM 05577W200   28,142 439,335 SH   SOLE   439,335 0 0
CANADIAN NATL RAILWAY CO COM 136375102   31,238 264,411 SH   SOLE   264,411 0 0
CANADIAN NATURAL RESOURCES COM 136385101   22,676 636,738 SH   SOLE   636,738 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   18,999 241,297 SH   SOLE   241,297 0 0
CENTENE CORP COM 15135B101   19,953 300,957 SH   SOLE   300,957 0 0
CGI INC COM 12532H104   61,688 618,163 SH   SOLE   618,163 0 0
CHEVRON CORP COM 166764100   3,560 22,757 SH   SOLE   22,757 0 0
CUMMINS INC COM 231021106   5,424 19,585 SH   SOLE   19,585 0 0
DARDEN RESTAURANTS INC COM 237194105   5,059 33,432 SH   SOLE   33,432 0 0
ENBRIDGE INC COM 29250N105   49,123 1,381,087 SH   SOLE   1,381,087 0 0
EOG RESOURCES INC COM 26875P101   11,225 89,180 SH   SOLE   89,180 0 0
EXXON MOBIL CORP COM 30231G102   4,763 41,371 SH   SOLE   41,371 0 0
FORTIS INC COM 349553107   39,525 1,017,183 SH   SOLE   1,017,183 0 0
FRANCO-NEVADA CORP COM 351858105   29,624 249,909 SH   SOLE   249,909 0 0
HOME DEPOT INC COM 437076102   3,641 10,577 SH   SOLE   10,577 0 0
HORMEL FOODS CORP COM 440452100   8,271 271,260 SH   SOLE   271,260 0 0
IMPERIAL OIL LTD COM 453038408   30,675 449,981 SH   SOLE   449,981 0 0
JOHNSON & JOHNSON COM 478160104   14,194 97,110 SH   SOLE   97,110 0 0
JPMORGAN CHASE & CO COM 46625H100   5,953 29,430 SH   SOLE   29,430 0 0
LENNOX INTERNATIONAL INC COM 526107107   7,013 13,109 SH   SOLE   13,109 0 0
MAGNA INTERNATIONAL INC COM 559222401   27,692 660,823 SH   SOLE   660,823 0 0
MCKESSON CORP COM 58155Q103   2,032 3,479 SH   SOLE   3,479 0 0
MERCK & CO. INC. COM 58933Y105   5,072 40,972 SH   SOLE   40,972 0 0
MICRON TECHNOLOGY INC COM 595112103   9,692 73,690 SH   SOLE   73,690 0 0
NATIONAL RESEARCH CORP COM 637372202   7,766 338,380 SH   SOLE   338,380 0 0
NETFLIX INC COM 64110L106   6,823 10,110 SH   SOLE   10,110 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   1,201 8,414 SH   SOLE   8,414 0 0
NUTRIEN LTD COM 67077M108   24,640 484,074 SH   SOLE   484,074 0 0
NV5 GLOBAL INC COM 62945V109   433 4,660 SH   SOLE   4,660 0 0
ONE GAS INC COM 68235P108   872 13,650 SH   SOLE   13,650 0 0
ORACLE CORP COM 68389X105   6,576 46,575 SH   SOLE   46,575 0 0
PACCAR INC COM 693718108   4,751 46,155 SH   SOLE   46,155 0 0
PEPSICO INC COM 713448108   15,501 93,985 SH   SOLE   93,985 0 0
RB GLOBAL INC COM 74935Q107   31,968 419,240 SH   SOLE   419,240 0 0
ROSS STORES INC COM 778296103   11,290 77,690 SH   SOLE   77,690 0 0
ROYAL BANK OF CANADA COM 780087102   62,593 588,047 SH   SOLE   588,047 0 0
SITIO ROYALTIES CORP-A COM 82983N108   1,088 46,096 SH   SOLE   46,096 0 0
SOLVENTUM CORP COM 83444M101   8,312 157,192 SH   SOLE   157,192 0 0
STANTEC INC COM 85472N109   18,882 225,595 SH   SOLE   225,595 0 0
STARBUCKS CORP COM 855244109   13,438 172,620 SH   SOLE   172,620 0 0
SUN LIFE FINANCIAL INC COM 866796105   59,530 1,214,333 SH   SOLE   1,214,333 0 0
TC ENERGY CORP COM 87807B107   32,065 846,036 SH   SOLE   846,036 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100   6,970 1,207,199 SH   SOLE   1,207,199 0 0
THOR INDUSTRIES INC COM 885160101   2,590 27,716 SH   SOLE   27,716 0 0
TORONTO-DOMINION BANK COM 891160509   47,712 868,171 SH   SOLE   868,171 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704   21,683 394,314 SH   SOLE   394,314 0 0
UNION PACIFIC CORP COM 907818108   11,743 51,901 SH   SOLE   51,901 0 0
UNITEDHEALTH GROUP INC COM 91324P102   33,863 66,494 SH   SOLE   66,494 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   13,235 320,930 SH   SOLE   320,930 0 0
WALT DISNEY CO/THE COM 254687106   10,951 110,290 SH   SOLE   110,290 0 0
WELLS FARGO & CO COM 949746101   9,073 152,767 SH   SOLE   152,767 0 0