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
ALLEGION PLC ORD SHS G0176J109   82,339,885 649,932 SH   SOLE   605,738 0 44,194
AMERICAN TOWER CORP NEW COM 03027X100   86,302,563 399,771 SH   SOLE   372,385 0 27,386
APPLIED MATLS INC COM 038222105   100,327,327 619,037 SH   SOLE   577,064 0 41,973
BROADCOM INC COM 11135F101   107,205,766 96,041 SH   SOLE   89,540 0 6,501
BROOKFIELD CORP CL A LTD VT SH 11271J107   654,148 16,278 SH   SOLE   16,278 0 0
CANADIAN NATL RY CO COM 136375102   519,572 4,126 SH   SOLE   4,126 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   510,328 6,438 SH   SOLE   6,438 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   92,650,649 1,612,718 SH   SOLE   1,503,423 0 109,295
CINTAS CORP COM 172908105   107,847,212 178,952 SH   SOLE   166,892 0 12,060
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   604,962 4,774 SH   SOLE   4,774 0 0
CORTEVA INC COM 22052L104   72,373,816 1,510,305 SH   SOLE   1,406,101 0 104,204
CSX CORP COM 126408103   91,823,287 2,648,494 SH   SOLE   2,469,272 0 179,222
FIRSTSERVICE CORP NEW COM 33767E202   496,782 3,061 SH   SOLE   3,061 0 0
INTUIT COM 461202103   95,624,590 152,992 SH   SOLE   142,614 0 10,378
LOWES COS INC COM 548661107   86,698,803 389,570 SH   SOLE   363,117 0 26,453
MASTERCARD INCORPORATED CL A 57636Q104   91,913,758 215,502 SH   SOLE   200,899 0 14,603
MICROCHIP TECHNOLOGY INC. COM 595017104   92,216,535 1,022,583 SH   SOLE   953,483 0 69,100
MICROSOFT CORP COM 594918104   90,384,222 240,358 SH   SOLE   224,109 0 16,249
MOODYS CORP COM 615369105   96,201,177 246,316 SH   SOLE   229,567 0 16,749
MSCI INC COM 55354G100   86,298,392 152,565 SH   SOLE   142,244 0 10,321
OPEN TEXT CORP COM 683715106   517,825 12,298 SH   SOLE   12,298 0 0
ROPER TECHNOLOGIES INC COM 776696106   97,251,786 178,388 SH   SOLE   166,308 0 12,080
SHERWIN WILLIAMS CO COM 824348106   96,134,130 308,221 SH   SOLE   287,325 0 20,896
SPDR S&P 500 ETF TR TR UNIT 78462F103   3,952,203 8,315 SH   SOLE   8,315 0 0
STARBUCKS CORP COM 855244109   73,361,433 764,102 SH   SOLE   711,896 0 52,206
TELUS CORPORATION COM 87971M103   437,191 24,522 SH   SOLE   24,522 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   92,029,432 173,382 SH   SOLE   161,568 0 11,814
THOMSON REUTERS CORP. COM 884903808   636,587 4,346 SH   SOLE   4,346 0 0
UNITEDHEALTH GROUP INC COM 91324P102   76,097,027 144,542 SH   SOLE   134,799 0 9,743
VISA INC COM CL A 92826C839   87,388,821 335,659 SH   SOLE   313,013 0 22,646
WASTE CONNECTIONS INC COM 94106B101   496,520 3,319 SH   SOLE   3,319 0 0
ZOETIS INC CL A 98978V103   93,416,997 473,309 SH   SOLE   441,424 0 31,885