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   13,779 100,795 SH   SOLE   100,795 0 0
AFLAC INC COM 001055102   5,070 45,350 SH   SOLE   45,350 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102   15,154 142,797 SH   SOLE   142,797 0 0
ALPHABET INC-CL A COM 02079K305   11,629 70,120 SH   SOLE   70,120 0 0
AMAZON.COM INC COM 023135106   11,532 61,890 SH   SOLE   61,890 0 0
AMERICAN EXPRESS CO COM 025816109   3,100 11,430 SH   SOLE   11,430 0 0
AUTOZONE INC COM 053332102   15,860 5,035 SH   SOLE   5,035 0 0
BANK OF AMERICA CORP COM 060505104   7,669 193,265 SH   SOLE   193,265 0 0
BANK OZK COM 06417N103   7,353 171,050 SH   SOLE   171,050 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702   4,960 10,776 SH   SOLE   10,776 0 0
BOSTON BEER COMPANY INC-A COM 100557107   5,971 20,650 SH   SOLE   20,650 0 0
BROOKFIELD ASSET MGMT-A COM 113004105   26,283 555,311 SH   SOLE   555,311 0 0
BROOKFIELD CORP COM 11271J107   20,257 380,991 SH   SOLE   380,991 0 0
BRP INC/CA- SUB VOTING COM 05577W200   26,074 437,631 SH   SOLE   437,631 0 0
CANADIAN NATL RAILWAY CO COM 136375102   30,916 263,723 SH   SOLE   263,723 0 0
CANADIAN NATURAL RESOURCES COM 136385101   21,107 634,916 SH   SOLE   634,916 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   20,578 240,342 SH   SOLE   240,342 0 0
CENTENE CORP COM 15135B101   19,427 258,057 SH   SOLE   258,057 0 0
CGI INC COM 12532H104   61,960 537,876 SH   SOLE   537,876 0 0
CHEVRON CORP COM 166764100   3,372 22,897 SH   SOLE   22,897 0 0
CUMMINS INC COM 231021106   6,377 19,695 SH   SOLE   19,695 0 0
DARDEN RESTAURANTS INC COM 237194105   13,807 84,122 SH   SOLE   84,122 0 0
ENBRIDGE INC COM 29250N105   63,383 1,558,557 SH   SOLE   1,558,557 0 0
EOG RESOURCES INC COM 26875P101   10,984 89,350 SH   SOLE   89,350 0 0
EXXON MOBIL CORP COM 30231G102   4,878 41,611 SH   SOLE   41,611 0 0
FORTIS INC COM 349553107   46,135 1,014,263 SH   SOLE   1,014,263 0 0
FRANCO-NEVADA CORP COM 351858105   30,960 248,991 SH   SOLE   248,991 0 0
HOME DEPOT INC COM 437076102   4,314 10,647 SH   SOLE   10,647 0 0
HORMEL FOODS CORP COM 440452100   8,624 272,060 SH   SOLE   272,060 0 0
IMPERIAL OIL LTD COM 453038408   31,569 448,214 SH   SOLE   448,214 0 0
JOHNSON & JOHNSON COM 478160104   15,780 97,370 SH   SOLE   97,370 0 0
JPMORGAN CHASE & CO COM 46625H100   6,241 29,600 SH   SOLE   29,600 0 0
LENNOX INTERNATIONAL INC COM 526107107   3,341 5,529 SH   SOLE   5,529 0 0
MAGNA INTERNATIONAL INC COM 559222401   27,061 658,937 SH   SOLE   658,937 0 0
MCKESSON CORP COM 58155Q103   1,730 3,499 SH   SOLE   3,499 0 0
MERCK & CO. INC. COM 58933Y105   4,680 41,212 SH   SOLE   41,212 0 0
MICRON TECHNOLOGY INC COM 595112103   1,371 13,220 SH   SOLE   13,220 0 0
NATIONAL RESEARCH CORP COM 637372202   7,749 338,990 SH   SOLE   338,990 0 0
NETFLIX INC COM 64110L106   4,419 6,230 SH   SOLE   6,230 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   1,007 8,454 SH   SOLE   8,454 0 0
NUTRIEN LTD COM 67077M108   23,219 482,657 SH   SOLE   482,657 0 0
NV5 GLOBAL INC COM 62945V109   448 4,790 SH   SOLE   4,790 0 0
ONE GAS INC COM 68235P108   1,044 14,030 SH   SOLE   14,030 0 0
ORACLE CORP COM 68389X105   5,808 34,085 SH   SOLE   34,085 0 0
PACCAR INC COM 693718108   4,581 46,425 SH   SOLE   46,425 0 0
PEPSICO INC COM 713448108   16,031 94,275 SH   SOLE   94,275 0 0
RB GLOBAL INC COM 74935Q107   33,682 418,030 SH   SOLE   418,030 0 0
ROSS STORES INC COM 778296103   11,734 77,960 SH   SOLE   77,960 0 0
ROYAL BANK OF CANADA COM 780087102   65,149 521,401 SH   SOLE   521,401 0 0
SITIO ROYALTIES CORP-A COM 82983N108   988 47,386 SH   SOLE   47,386 0 0
SOLVENTUM CORP COM 83444M101   17,469 250,562 SH   SOLE   250,562 0 0
STANTEC INC COM 85472N109   18,035 224,015 SH   SOLE   224,015 0 0
STARBUCKS CORP COM 855244109   18,428 189,020 SH   SOLE   189,020 0 0
SUN LIFE FINANCIAL INC COM 866796105   70,308 1,210,734 SH   SOLE   1,210,734 0 0
TC ENERGY CORP COM 87807B107   23,532 494,495 SH   SOLE   494,495 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100   23,496 6,011,720 SH   SOLE   6,011,720 0 0
TFI INTERNATIONAL INC COM 87241L109   29,891 217,980 SH   SOLE   217,980 0 0
THOR INDUSTRIES INC COM 885160101   3,052 27,776 SH   SOLE   27,776 0 0
TORONTO-DOMINION BANK COM 891160509   54,772 865,227 SH   SOLE   865,227 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704   20,155 310,264 SH   SOLE   310,264 0 0
UNION PACIFIC CORP COM 907818108   12,830 52,051 SH   SOLE   52,051 0 0
UNITEDHEALTH GROUP INC COM 91324P102   35,919 61,434 SH   SOLE   61,434 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   1,852 41,235 SH   SOLE   41,235 0 0
WALT DISNEY CO/THE COM 254687106   10,636 110,570 SH   SOLE   110,570 0 0
WELLS FARGO & CO COM 949746101   2,123 37,587 SH   SOLE   37,587 0 0