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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agnico Eagle Mines Ltd COM 008474108   6,398 123,201 SH   SOLE   123,201 0 0
Canadian Imperial Bank of Commerce COM 136069101   3,661 90,566 SH   SOLE   90,566 0 0
Kinross Gold Corp COM 496902404   2,478 608,200 SH   SOLE   608,200 0 0
Open Text Corp COM 683715106   4,208 142,116 SH   SOLE   142,116 0 0
Toronto-Dominion Bank/The COM 891160509   5,295 81,832 SH   SOLE   81,832 0 0
Wheaton Precious Metals Corp COM 962879102   5,128 131,356 SH   SOLE   131,356 0 0
Stellantis NV COM N82405106   10,599 748,622 SH   SOLE   284,654 0 0
AbbVie Inc COM 00287Y109   2,941 18,197 SH   SOLE   18,197 0 0
Accenture PLC CL A G1151C101   4,840 18,139 SH   SOLE   18,139 0 0
Activision Blizzard Inc COM 00507V109   5,842 76,320 SH   SOLE   76,320 0 0
Adobe Inc COM 00724F101   3,221 9,570 SH   SOLE   9,570 0 0
Albertsons Cos Inc COM 013091103   6,484 312,630 SH   SOLE   312,630 0 0
Allstate Corp/The COM 020002101   4,254 31,371 SH   SOLE   31,371 0 0
Alphabet Inc CL A 02079K305   19,989 226,550 SH   SOLE   226,550 0 0
Alphabet Inc CL C 02079K107   6,058 68,280 SH   SOLE   68,280 0 0
Amazon.com Inc COM 023135106   5,834 69,455 SH   SOLE   69,455 0 0
Apple Inc COM 037833100   27,543 211,981 SH   SOLE   211,981 0 0
Arrow Electronics Inc COM 042735100   3,896 37,253 SH   SOLE   37,253 0 0
AT&T Inc COM 00206R102   13,653 741,614 SH   SOLE   741,614 0 0
AutoZone Inc COM 053332102   5,038 2,043 SH   SOLE   2,043 0 0
Bristol-Myers Squibb Co COM 110122108   8,987 124,912 SH   SOLE   124,912 0 0
Broadcom Inc COM 11135F101   5,270 9,426 SH   SOLE   9,426 0 0
Cardinal Health Inc COM 14149Y108   6,377 82,953 SH   SOLE   82,953 0 0
Check Point Software Technologies Ltd ORD M22465104   13,487 106,906 SH   SOLE   106,906 0 0
Cigna Corp COM 125523100   7,909 23,869 SH   SOLE   23,869 0 0
Cisco Systems Inc COM 17275R102   10,203 214,178 SH   SOLE   214,178 0 0
Citigroup Inc COM 172967424   13,151 290,753 SH   SOLE   290,753 0 0
Colgate-Palmolive Co COM 194162103   3,650 46,327 SH   SOLE   46,327 0 0
Consolidated Edison Inc COM 209115104   5,435 57,021 SH   SOLE   57,021 0 0
CVS Health Corp COM 126650100   10,403 111,627 SH   SOLE   111,627 0 0
DaVita Inc COM 23918K108   8,078 108,185 SH   SOLE   108,185 0 0
Dell Technologies Inc CL C 24703L202   644 16,000 SH   SOLE   16,000 0 0
Duke Energy Corp COM 26441C204   2,419 23,489 SH   SOLE   23,489 0 0
Everest Re Group Ltd COM G3223R108   11,723 35,387 SH   SOLE   35,387 0 0
Exelon Corp COM 30161N101   3,978 92,008 SH   SOLE   92,008 0 0
Exxon Mobil Corp COM 30231G102   4,342 39,364 SH   SOLE   39,364 0 0
F5 Inc COM 315616102   3,009 20,969 SH   SOLE   20,969 0 0
Fidelity National Information Services Inc COM 31620M106   734 10,820 SH   SOLE   10,820 0 0
General Motors Co COM 37045V100   5,283 157,033 SH   SOLE   157,033 0 0
Gilead Sciences Inc COM 375558103   8,958 104,347 SH   SOLE   104,347 0 0
HCA Healthcare Inc COM 40412C101   11,274 46,984 SH   SOLE   46,984 0 0
Hershey Co/The COM 427866108   2,609 11,267 SH   SOLE   11,267 0 0
HP Inc COM 40434L105   6,985 259,963 SH   SOLE   259,963 0 0
Industrial Logistics Properties Trust COM 456237106   420 128,438 SH   SOLE   128,438 0 0
Intel Corp COM 458140100   5,965 225,696 SH   SOLE   225,696 0 0
International Business Machines Corporation COM 459200101   7,114 50,490 SH   SOLE   50,490 0 0
J M Smucker Co/The COM 832696405   7,374 46,538 SH   SOLE   46,538 0 0
Johnson & Johnson COM 478160104   8,111 45,914 SH   SOLE   45,914 0 0
Kroger Co/The COM 501044101   10,973 246,144 SH   SOLE   246,144 0 0
Laboratory Corp of America Holdings COM 50540R409   8,367 35,531 SH   SOLE   35,531 0 0
LyondellBasell Industries NV CL A N53745100   254 3,055 SH   SOLE   3,055 0 0
Marsh & McLennan Cos Inc COM 571748102   2,551 15,414 SH   SOLE   15,414 0 0
McKesson Corp COM 58155Q103   6,855 18,274 SH   SOLE   18,274 0 0
Medical Properties Trust Inc COM 58463J304   2,209 198,320 SH   SOLE   198,320 0 0
Medtronic PLC COM G5960L103   4,286 55,151 SH   SOLE   55,151 0 0
Merck & Co Inc COM 58933Y105   13,556 122,182 SH   SOLE   122,182 0 0
Meta Platforms Inc CL A 30303M102   6,251 51,944 SH   SOLE   51,944 0 0
Microsoft Corp COM 594918104   39,452 164,506 SH   SOLE   164,506 0 0
Mitsubishi UFJ Financial Group ADR 606822104   2,346 351,769 SH   SOLE   351,769 0 0
Mizuho Financial Group Inc ADR 60687Y109   2,266 797,740 SH   SOLE   797,740 0 0
Motorola Solutions Inc COM 620076307   7,430 28,832 SH   SOLE   28,832 0 0
Newmont Corp COM 651639106   7,599 160,987 SH   SOLE   160,987 0 0
Oracle Corp COM 68389X105   7,150 87,472 SH   SOLE   87,472 0 0
Organon & Co COM 68622V106   2,685 96,124 SH   SOLE   96,124 0 0
PepsiCo Inc COM 713448108   2,837 15,704 SH   SOLE   15,704 0 0
Pfizer Inc COM 717081103   8,666 169,119 SH   SOLE   169,119 0 0
Procter & Gamble Co/The COM 742718109   10,536 69,520 SH   SOLE   69,520 0 0
Public Service Enterprise Group COM 744573106   269 4,395 SH   SOLE   4,395 0 0
Public Storage COM 74460D109   6,308 22,512 SH   SOLE   22,512 0 0
Qualcomm Inc COM 747525103   6,101 55,496 SH   SOLE   55,496 0 0
Quest Diagnostics Inc COM 74834L100   9,670 61,814 SH   SOLE   61,814 0 0
RenaissanceRe Holdings Ltd COM G7496G103   718 3,897 SH   SOLE   3,897 0 0
Rio Tinto PLC ADR 767204100   4,761 66,872 SH   SOLE   66,872 0 0
Sabra Health Care REIT Inc COM 78573L106   3,857 310,275 SH   SOLE   310,275 0 0
Skechers USA Inc CL A 830566105   4,219 100,582 SH   SOLE   100,582 0 0
Southern Co/The COM 842587107   2,545 35,636 SH   SOLE   35,636 0 0
Sumitomo Mitsui Financial Group ADR 86562M209   2,484 309,777 SH   SOLE   309,777 0 0
Take-Two Interactive Software COM 874054109   298 2,863 SH   SOLE   2,863 0 0
Travelers Cos Inc/The COM 89417E109   9,028 48,151 SH   SOLE   48,151 0 0
UnitedHealth Group Inc COM 91324P102   4,369 8,240 SH   SOLE   8,240 0 0
VeriSign Inc COM 92343E102   11,196 54,497 SH   SOLE   54,497 0 0
Verizon Communications Inc COM 92343V104   38,393 974,446 SH   SOLE   974,446 0 0
Vertex Pharmaceuticals Inc COM 92532F100   6,315 21,869 SH   SOLE   21,869 0 0
Viatris Inc COM 92556V106   1,071 96,184 SH   SOLE   96,184 0 0
Visa Inc CL A 92826C839   11,604 55,855 SH   SOLE   55,855 0 0
WW Grainger Inc COM 384802104   14,476 26,025 SH   SOLE   26,025 0 0
Walgreens Boots Alliance Inc COM 931427108   6,428 172,055 SH   SOLE   172,055 0 0
Walmart Inc COM 931142103   9,820 69,254 SH   SOLE   69,254 0 0
Walt Disney Co/The COM 254687106   2,545 29,299 SH   SOLE   29,299 0 0
WP Carey Inc COM 92936U109   5,555 71,078 SH   SOLE   71,078 0 0