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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 5,174 28,000 SH   SOLE N/A 0 0 28,000
ADOBE INC COM 00724F101 5,068 17,200 SH   SOLE N/A 0 0 17,200
AERCAP HOLDINGS NV SHS N00985106 4,109 79,000 SH   SOLE N/A 0 0 79,000
ALPHABET INC CAP STK CL A 02079K305 11,694 10,800 SH   SOLE N/A 0 0 10,800
ALPHABET INC CAP STK CL C 02079K107 3,065 2,165 SH   DFND N/A 0 0 2,165
AMERICAN TOWER CORP NEW COM 03027X100 2,440 9,113 SH   DFND N/A 0 0 9,113
ARES CAP CORP COM 04010L103 6,094 259,372 SH   SOLE N/A 0 0 259,372
BLACKROCK INC COM 09247X101 7,274 15,500 SH   SOLE N/A 0 0 15,500
BOSTON SCIENTIFIC CORP COM 101137107 5,330 124,000 SH   SOLE N/A 0 0 124,000
BRISTOL MYERS SQUIBB CO COM 110122108 2,902 64,000 SH   SOLE N/A 0 0 64,000
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 8,332 133,000 SH   SOLE N/A 0 0 133,000
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 4,266 76,000 SH   SOLE N/A 0 0 76,000
BROOKFIELD PROPERTY PARTRS L UNIT LTD PARTN G16249107 8,387 339,000 SH   SOLE N/A 0 0 339,000
CANADIAN NAT RES LTD COM 136385101 17,154 485,800 SH   SOLE N/A 0 0 485,800
CANADIAN NATL RY CO COM 136375102 13,162 108,600 SH   SOLE N/A 0 0 108,600
CARNIVAL CORP UNIT 99/99/9999 143658300 4,190 90,000 SH   SOLE N/A 0 0 90,000
CDN IMPERIAL BK COMM TORONTO COM 136069101 9,845 95,600 SH   SOLE N/A 0 0 95,600
CHECK POINT SOFTWARE TECH LT ORD M22465104 233 1,537 SH   DFND N/A 0 0 1,537
CHEESECAKE FACTORY INC COM 163072101 8,307 190,000 SH   SOLE N/A 0 0 190,000
CITIGROUP INC COM NEW 172967424 9,454 135,000 SH   SOLE N/A 0 0 135,000
CLOROX CO DEL COM 189054109 2,145 10,700 SH   DFND N/A 0 0 10,700
COCA COLA CO COM 191216100 2,225 33,367 SH   DFND N/A 0 0 33,367
COMCAST CORP NEW CL A 20030N101 6,638 157,000 SH   SOLE N/A 0 0 157,000
CONAGRA BRANDS INC COM 205887102 2,285 65,800 SH   DFND N/A 0 0 65,800
COSTCO WHSL CORP NEW COM 22160K105 6,871 26,000 SH   SOLE N/A 0 0 26,000
CROWN CASTLE INTL CORP NEW COM 22822V101 4,171 32,000 SH   SOLE N/A 0 0 32,000
DAVE & BUSTERS ENTMT INC COM 238337109 2,631 65,000 SH   SOLE N/A 0 0 65,000
DEERE & CO COM 244199105 6,562 39,600 SH   SOLE N/A 0 0 39,600
DELPHI TECHNOLOGIES PLC SHS G2709G107 8,140 407,000 SH   SOLE N/A 0 0 407,000
DUPONT DE NEMOURS INC COM 26614N102 3,481 46,375 SH   SOLE N/A 0 0 46,375
ECOLAB INC COM 278865100 3,431 13,269 SH   DFND N/A 0 0 13,269
ELECTRONIC ARTS INC COM 285512109 9,620 95,000 SH   SOLE N/A 0 0 95,000
EMERSON ELEC CO COM 291011104 4,003 60,000 SH   SOLE N/A 0 0 60,000
ENBRIDGE INC COM 29250N105 17,059 361,500 SH   SOLE N/A 0 0 361,500
EOG RES INC COM 26875P101 5,403 58,000 SH   SOLE N/A 0 0 58,000
EXXON MOBIL CORP COM 30231G102 2,052 20,447 SH   DFND N/A 0 0 20,447
FEDEX CORP COM 31428X106 7,881 48,000 SH   SOLE N/A 0 0 48,000
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,617 12,641 SH   DFND N/A 0 0 12,641
FRANKLIN RES INC COM 354613101 7,673 220,500 SH   SOLE N/A 0 0 220,500
GENERAL MLS INC COM 370334104 4,595 66,800 SH   DFND N/A 0 0 66,800
HDFC BANK LTD SPONSORED ADS 40415F101 6,851 40,228 SH   DFND N/A 0 0 40,228
HOME DEPOT INC COM 437076102 3,685 13,531 SH   DFND N/A 0 0 13,531
HOME DEPOT INC COM 437076102 6,031 29,000 SH   SOLE N/A 0 0 29,000
HORMEL FOODS CORP COM 440452100 2,315 43,600 SH   DFND N/A 0 0 43,600
HORMEL FOODS CORP COM 440452100 4,540 112,000 SH   SOLE N/A 0 0 112,000
JPMORGAN CHASE & CO COM 46625H100 9,056 81,000 SH   SOLE N/A 0 0 81,000
KIMBERLY CLARK CORP COM 494368103 4,206 24,100 SH   DFND N/A 0 0 24,100
L BRANDS INC COM 501797104 8,483 325,000 SH   SOLE N/A 0 0 325,000
LAMB WESTON HLDGS INC COM 513272104 1,413 17,033 SH   DFND N/A 0 0 17,033
LAUDER ESTEE COS INC CL A 518439104 4,944 27,000 SH   SOLE N/A 0 0 27,000
M & T BK CORP COM 55261F104 10,034 59,000 SH   SOLE N/A 0 0 59,000
MAGNA INTL INC COM 559222401 6,842 105,000 SH   SOLE N/A 0 0 105,000
MANULIFE FINL CORP COM 56501R106 10,146 426,300 SH   SOLE N/A 0 0 426,300
MEDTRONIC PLC SHS G5960L103 8,048 82,636 SH   SOLE N/A 0 0 82,636
MERCK & CO INC COM 58933Y105 3,799 34,600 SH   DFND N/A 0 0 34,600
MERCK & CO INC COM 58933Y105 3,941 47,000 SH   SOLE N/A 0 0 47,000
METHANEX CORP COM 59151K108 11,593 195,000 SH   SOLE N/A 0 0 195,000
MICROSOFT CORP COM 594918104 2,664 15,184 SH   DFND N/A 0 0 15,184
MICROSOFT CORP COM 594918104 12,319 91,960 SH   SOLE N/A 0 0 91,960
MOGO INC COM 60800C109 663 147,341 SH   SOLE N/A 0 0 147,341
MOLSON COORS BREWING CO CL B 60871R209 7,280 130,000 SH   SOLE N/A 0 0 130,000
MONDELEZ INTL INC CL A 609207105 1,369 19,400 SH   DFND N/A 0 0 19,400
MSCI INC COM 55354G100 1,208 3,862 SH   DFND N/A 0 0 3,862
NEWELL BRANDS INC COM 651229106 2,776 180,000 SH   SOLE N/A 0 0 180,000
NEXTERA ENERGY INC COM 65339F101 7,375 36,000 SH   SOLE N/A 0 0 36,000
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 4,777 99,000 SH   SOLE N/A 0 0 99,000
NUTRIEN LTD COM 67077M108 8,196 117,000 SH   SOLE N/A 0 0 117,000
NVIDIA CORP COM 67066G104 5,091 31,000 SH   SOLE N/A 0 0 31,000
PFIZER INC COM 717081103 2,320 40,900 SH   DFND N/A 0 0 40,900
PFIZER INC COM 717081103 4,029 93,000 SH   SOLE N/A 0 0 93,000
PROCTER AND GAMBLE CO COM 742718109 1,987 13,839 SH   DFND N/A 0 0 13,839
PROCTER AND GAMBLE CO COM 742718109 8,114 74,000 SH   SOLE N/A 0 0 74,000
ROCKWELL AUTOMATION INC COM 773903109 3,277 20,000 SH   SOLE N/A 0 0 20,000
ROYAL BK CDA MONTREAL QUE COM 780087102 21,417 205,790 SH   SOLE N/A 0 0 205,790
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,309 49,000 SH   SOLE N/A 0 0 49,000
SHAW COMMUNICATIONS INC CL B CONV 82028K200 8,230 308,000 SH   SOLE N/A 0 0 308,000
SHERWIN WILLIAMS CO COM 824348106 3,575 7,800 SH   SOLE N/A 0 0 7,800
SUN LIFE FINL INC COM 866796105 10,879 200,600 SH   SOLE N/A 0 0 200,600
SUNCOR ENERGY INC NEW COM 867224107 16,773 410,600 SH   SOLE N/A 0 0 410,600
SYNCHRONY FINL COM 87165B103 2,427 70,000 SH   SOLE N/A 0 0 70,000
TC ENERGY CORP COM 87807B107 10,911 168,070 SH   SOLE N/A 0 0 168,070
TECK RESOURCES LTD CL B 878742204 4,956 164,000 SH   SOLE N/A 0 0 164,000
THERMO FISHER SCIENTIFIC INC COM 883556102 3,244 8,435 SH   DFND N/A 0 0 8,435
THERMO FISHER SCIENTIFIC INC COM 883556102 6,461 22,000 SH   SOLE N/A 0 0 22,000
THL CREDIT INC COM 872438106 435 50,000 SH   SOLE N/A 0 0 50,000
THOR INDS INC COM 885160101 5,553 95,000 SH   SOLE N/A 0 0 95,000
TORONTO DOMINION BK ONT COM NEW 891160509 23,308 304,600 SH   SOLE N/A 0 0 304,600
UNITEDHEALTH GROUP INC COM 91324P102 3,416 14,000 SH   SOLE N/A 0 0 14,000
VALERO ENERGY CORP NEW COM 91913Y100 12,413 145,000 SH   SOLE N/A 0 0 145,000
VISA INC COM CL A 92826C839 6,963 30,634 SH   DFND N/A 0 0 30,634
VISA INC COM CL A 92826C839 8,851 51,000 SH   SOLE N/A 0 0 51,000
VULCAN MATLS CO COM 929160109 4,394 32,000 SH   SOLE N/A 0 0 32,000
WASTE MGMT INC DEL COM 94106L109 1,556 10,300 SH   DFND N/A 0 0 10,300
WASTE MGMT INC DEL COM 94106L109 4,846 42,000 SH   SOLE N/A 0 0 42,000
WELLS FARGO CO NEW COM 949746101 1,530 24,689 SH   DFND N/A 0 0 24,689
WEYERHAEUSER CO COM 962166104 3,477 132,000 SH   SOLE N/A 0 0 132,000
WHEATON PRECIOUS METALS CORP COM 962879102 5,067 160,000 SH   SOLE N/A 0 0 160,000
XYLEM INC COM 98419M100 5,604 67,000 SH   SOLE N/A 0 0 67,000