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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALGONQUIN POWER & UTILITIES CORP. CMN COM 015857105 372,000 26,300 SH   SOLE   26,300 0 0
AMAZON.COM INC CMN COM 023135106 368,000 199 SH   SOLE   199 0 0
AMEREN CORPORATION CMN COM 023608102 301,000 3,918 SH   SOLE   3,918 0 0
AMERICAN TOWER CORPORATION CMN COM 03027X100 223,000 971 SH   SOLE   971 0 0
AMERICAN WATER WORKS CO, INC. CMN COM 030420103 230,000 1,876 SH   SOLE   1,876 0 0
AMKOR TECHNOLOGIES INC CMN COM 031652100 145,000 11,153 SH   SOLE   11,153 0 0
ANAPLAN, INC. CMN COM 03272L108 226,000 4,316 SH   SOLE   4,316 0 0
ANTERO RESOURCES CORPORATION CMN COM 03674X106 49,000 17,100 SH   SOLE   17,100 0 0
ARCHROCK, INC. CMN COM 03957W106 105,000 10,443 SH   SOLE   10,443 0 0
AUDENTES THERAPEUTICS, INC. CMN COM 05070R104 285,000 4,762 SH   SOLE   4,762 0 0
BCE INC. CMN COM 05534B760 987,000 21,300 SH   SOLE   21,300 0 0
BANK OF HAWAII CORPORATION CMN COM 062540109 230,000 2,418 SH   SOLE   2,418 0 0
BANK OF MONTREAL CMN COM 063671101 1,031,000 13,300 SH   SOLE   13,300 0 0
BAYTEX ENERGY CORP. CMN COM 07317Q105 574,000 396,108 SH   SOLE   396,108 0 0
CGI INC. CMN COM 12532H104 243,000 2,900 SH   SOLE   2,900 0 0
CANADIAN IMPERIAL BANK OF COMMERCE CMN COM 136069101 254,000 3,056 SH   SOLE   3,056 0 0
CANADIAN NATIONAL RAILWAY CO. CMN COM 136375102 552,000 6,100 SH   SOLE   6,100 0 0
CANADIAN PACIFIC RAILWAY LTD CMN COM 13645T100 484,000 1,900 SH   SOLE   1,900 0 0
CENOVUS ENERGY INC. CMN COM 15135U109 147,000 14,500 SH   SOLE   14,500 0 0
CHESAPEAKE ENERGY CORPORATION CMN COM 165167107 12,000 14,900 SH   SOLE   14,900 0 0
CINCINNATI FINANCIAL CRP CMN COM 172062101 468,000 4,449 SH   SOLE   4,449 0 0
CLOROX CO (THE) (DELAWARE) CMN COM 189054109 222,000 1,449 SH   SOLE   1,449 0 0
COLONY CAPITAL INC CMN COM 19626G108 52,000 10,851 SH   SOLE   10,851 0 0
COMMERCE BANCSHARES, INC. CMN COM 200525103 412,000 6,065 SH   SOLE   6,065 0 0
DESCARTES SYSTEMS GRP (THE) CMN COM 249906108 222,000 5,200 SH   SOLE   5,200 0 0
DOMINION ENERGY INC CMN COM 25746U109 233,000 2,808 SH   SOLE   2,808 0 0
EVERSOURCE ENERGY CMN COM 30040W108 262,000 3,082 SH   SOLE   3,082 0 0
FS KKR CAPITAL CORP MUTUAL FUND COM 302635107 78,000 12,790 SH   SOLE   12,790 0 0
FIRST MAJESTIC SILVER CORP CMN COM 32076V103 125,000 10,200 SH   SOLE   10,200 0 0
FRANCO-NEVADA CORPORATION CMN COM 351858105 465,000 4,500 SH   SOLE   4,500 0 0
GENWORTH FINANCIAL INC CMN CLASS A COM 37247D106 59,000 13,382 SH   SOLE   13,382 0 0
GROUPON INC CMN COM 399473107 105,000 44,126 SH   SOLE   44,126 0 0
HAWAIIAN ELEC INDS INC CMN COM 419870100 257,000 5,491 SH   SOLE   5,491 0 0
HOME BANCSHARES, INC. CMN COM 436893200 197,000 10,024 SH   SOLE   10,024 0 0
KIRKLAND LAKE GOLD LTD. CMN COM 49741E100 215,000 4,878 SH   SOLE   4,878 0 0
KOSMOS ENERGY LTD. CMN COM 500688106 115,000 20,223 SH   SOLE   20,223 0 0
L BRANDS, INC. CMN COM 501797104 266,000 14,686 SH   SOLE   14,686 0 0
LENNAR CORPORATION CMN CLASS A COM 526057104 236,000 4,227 SH   SOLE   4,227 0 0
LOCKHEED MARTIN CORPORATION CMN COM 539830109 355,000 912 SH   SOLE   912 0 0
LOEWS CORPORATION CMN COM 540424108 222,000 4,227 SH   SOLE   4,227 0 0
MARSH & MCLENNAN CO INC CMN COM 571748102 219,000 1,970 SH   SOLE   1,970 0 0
MASTERCARD INCORPORATED CMN CLASS A COM 57636Q104 273,000 915 SH   SOLE   915 0 0
NATERA, INC. CMN COM 632307104 215,000 6,375 SH   SOLE   6,375 0 0
NEW GOLD INC. CMN COM 644535106 42,000 48,100 SH   SOLE   48,100 0 0
NEXTERA ENERGY, INC. CMN COM 65339F101 446,000 1,842 SH   SOLE   1,842 0 0
PATTERSON-UTI ENERGY, INC. ORD CMN REG OFFER 23054738 COM 703481101 128,000 12,153 SH   SOLE   12,153 0 0
PEMBINA PIPELINE CORPORATION CMN COM 706327103 452,000 12,200 SH   SOLE   12,200 0 0
PRETIUM RESOURCES INC. CMN COM 74139C102 226,000 20,300 SH   SOLE   20,300 0 0
RESTAURANT BRANDS INTERNATIONAL INC. CMN COM 76131D103 497,000 7,800 SH   SOLE   7,800 0 0
SANDSTORM GOLD LTD. CMN COM 80013R206 158,000 21,200 SH   SOLE   21,200 0 0
SHAW COMMUNICATIONS INC. NON-VOTING CL-B COM 82028K200 264,000 13,000 SH   SOLE   13,000 0 0
SIMPLY GOOD FOODS COMPANY(THE) CMN COM 82900L102 223,000 7,803 SH   SOLE   7,803 0 0
SPIRIT AEROSYSTEMS HOLDINGS INC CMN COM 848574109 229,000 3,143 SH   SOLE   3,143 0 0
SUNCOR ENERGY INC. CMN COM 867224107 210,000 6,400 SH   SOLE   6,400 0 0
T-MOBILE US, INC. CMN COM 872590104 223,000 2,850 SH   SOLE   2,850 0 0
TC ENERGY CORP CMN COM 87807B107 363,000 6,800 SH   SOLE   6,800 0 0
TELUS CORPORATION CMN COM 87971M103 337,000 8,700 SH   SOLE   8,700 0 0
TRANSALTA CORPORATION CMN COM 89346D107 88,000 12,300 SH   SOLE   12,300 0 0
TRUIST FINANCIAL CORPORATION CMN COM 89832Q109 362,000 6,435 SH   SOLE   6,435 0 0
TURQUOISE HILL RESOURCES LTD CMN COM 900435108 150,000 203,400 SH   SOLE   203,400 0 0
UNITED BANKSHARES INC W V CMN COM 909907107 230,000 5,962 SH   SOLE   5,962 0 0
UPWORK, INC. CMN COM 91688F104 149,000 13,948 SH   SOLE   13,948 0 0
VALLEY NATIONAL BANCORP CMN COM 919794107 118,000 10,291 SH   SOLE   10,291 0 0
VERMILION ENERGY INC. CMN COM 923725105 312,000 19,088 SH   SOLE   19,088 0 0
VISA INC. CMN CLASS A COM 92826C839 935,000 4,974 SH   SOLE   4,974 0 0
WEC ENERGY GROUP, INC. CMN COM 92939U106 611,000 6,621 SH   SOLE   6,621 0 0
YAMANA GOLD INC. CMN COM 98462Y100 146,000 37,000 SH   SOLE   37,000 0 0
ZIONS BANCORP CMN COM 989701107 203,000 3,916 SH   SOLE   3,916 0 0
BROOKFIELD RENEWABLE PARTNERS L.P COM G16258108 410,000 8,800 SH   SOLE   8,800 0 0
CISION LTD. CMN COM G1992S109 107,000 10,717 SH   SOLE   10,717 0 0
WHITE MTNS INS GROUP LTD CMN COM G9618E107 223,000 200 SH   SOLE   200 0 0
INTELSAT S.A. CMN COM L5140P101 107,000 15,163 SH   SOLE   15,163 0 0