# EDGAR Filing Document

**Accession Number:** 0002077908
**File Stem:** 0002077908-25-000012
**Filing Date:** 2025-7
**Character Count:** 38569
**Document Hash:** 259811ffb96ca32105e74b6f73555d75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002077908-25-000012.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0002077908-25-000012

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20210630

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Credential Qtrade Securities Inc.
- **CENTRAL INDEX KEY:** 0002077908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25662
- **FILM NUMBER:** 251137613

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 700 - 1111 WEST GEORGIA STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 4T6
- **BUSINESS PHONE:** 1.888.545.5959

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 700 - 1111 WEST GEORGIA STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 4T6

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2021

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Credential Qtrade Securities Inc.<br>**Address:** 700 - 1111 WEST GEORGIA STREET<br>VANCOUVER, A1 V6E 4T6

**Form 13F File Number:** 028-25662

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John H. Bai<br>**Title:** SVP Chief Financial Officer and Chief Risk Officer<br>**Phone:** 6472899343

**Signature, Place, and Date of Signing:**

John H. Bai  Toronto, A6  07-15-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 358

**Form 13F Information Table Value Total:** $1271447193

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB LTD | SPONSORED ADR | 000375204 |  | 668277 | 19661 | SH |  | SOLE |  | 0 | 13178 | 6483 |
| ABCAM PLC | ADS | 000380204 |  | 3370 | 177 | SH |  | SOLE |  | 0 | 177 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1576879 | 13602 | SH |  | SOLE |  | 0 | 8764 | 4838 |
| ABBVIE INC | COM | 00287Y109 |  | 64768 | 575 | SH |  | SOLE |  | 0 | 350 | 225 |
| ABCELLERA BIOLOGICS INC | COM | 00288U106 |  | 584298 | 26559 | SH |  | SOLE |  | 0 | 24419 | 2140 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 305217 | 3198 | SH |  | SOLE |  | 0 | 2347 | 851 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 397063 | 678 | SH |  | SOLE |  | 0 | 495 | 183 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 581020 | 9609 | SH |  | SOLE |  | 0 | 6973 | 2636 |
| AGEX THERAPEUTICS INC | COM | 00848H108 |  | 452 | 292 | SH |  | SOLE |  | 0 | 292 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2020952 | 7025 | SH |  | SOLE |  | 0 | 5341 | 1684 |
| THE ALGER ETF TRUST | MID CAP 40 ETF | 015564107 |  | 5152 | 250 | SH |  | SOLE |  | 0 | 250 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 143996 | 9665 | SH |  | SOLE |  | 0 | 9665 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3749353 | 16533 | SH |  | SOLE |  | 0 | 11528 | 5005 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 20323748 | 8109 | SH |  | SOLE |  | 0 | 5007 | 3102 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9359381 | 3833 | SH |  | SOLE |  | 0 | 2756 | 1077 |
| AMAZON COM INC | COM | 023135106 |  | 3182148 | 925 | SH |  | SOLE |  | 0 | 616 | 309 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 365653 | 2213 | SH |  | SOLE |  | 0 | 1656 | 557 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 1343608 | 10773 | SH |  | SOLE |  | 0 | 6936 | 3837 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 184809 | 4757 | SH |  | SOLE |  | 0 | 3474 | 1283 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1193748 | 4419 | SH |  | SOLE |  | 0 | 3766 | 653 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 204838 | 1329 | SH |  | SOLE |  | 0 | 874 | 455 |
| AMETEK INC | COM | 031100100 |  | 9078 | 68 | SH |  | SOLE |  | 0 | 68 | 0 |
| AMGEN INC | COM | 031162100 |  | 1124906 | 4615 | SH |  | SOLE |  | 0 | 3927 | 688 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 6567 | 96 | SH |  | SOLE |  | 0 | 96 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 19626 | 114 | SH |  | SOLE |  | 0 | 114 | 0 |
| ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 035128206 |  | 9290 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 13188 | 38 | SH |  | SOLE |  | 0 | 38 | 0 |
| APPLE INC | COM | 037833100 |  | 9666773 | 70581 | SH |  | SOLE |  | 0 | 51771 | 18810 |
| APPLIED MATLS INC | COM | 038222105 |  | 22784 | 160 | SH |  | SOLE |  | 0 | 160 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 6337 | 45 | SH |  | SOLE |  | 0 | 45 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 2185032 | 36478 | SH |  | SOLE |  | 0 | 29979 | 6499 |
| AURORA CANNABIS INC | COM | 05156X884 |  | 561 | 62 | SH |  | SOLE |  | 0 | 62 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 81037 | 1267 | SH |  | SOLE |  | 0 | 942 | 325 |
| AUTOZONE INC | COM | 053332102 |  | 237262 | 159 | SH |  | SOLE |  | 0 | 116 | 43 |
| BCE INC | COM NEW | 05534B760 |  | 5117967 | 103791 | SH |  | SOLE |  | 0 | 65169 | 38622 |
| BP PLC | SPONSORED ADR | 055622104 |  | 231042 | 8745 | SH |  | SOLE |  | 0 | 6476 | 2269 |
| BRP INC | COM SUN VTG | 05577W200 |  | 239272 | 3058 | SH |  | SOLE |  | 0 | 1765 | 1293 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 2446 | 12 | SH |  | SOLE |  | 0 | 12 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 331844 | 64687 | SH |  | SOLE |  | 0 | 41746 | 22941 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 201400 | 51509 | SH |  | SOLE |  | 0 | 37899 | 13610 |
| BK OF AMERICA CORP | COM | 060505104 |  | 69555 | 1687 | SH |  | SOLE |  | 0 | 687 | 1000 |
| BANK MONTREAL QUE | COM | 063671101 |  | 2969721 | 28975 | SH |  | SOLE |  | 0 | 23159 | 5816 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 74183276 | 1140722 | SH |  | SOLE |  | 0 | 731013 | 409709 |
| BANK OZK | COM | 06417N103 |  | 1002480 | 23778 | SH |  | SOLE |  | 0 | 15234 | 8544 |
| BARCLAYS PLC | ADR | 06738E204 |  | 215349 | 22316 | SH |  | SOLE |  | 0 | 16598 | 5718 |
| BARRICK GOLD CORP | COM | 067901108 |  | 74684 | 3611 | SH |  | SOLE |  | 0 | 3414 | 197 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 616936 | 21023 | SH |  | SOLE |  | 0 | 14825 | 6198 |
| BAXTER INTL INC | COM | 071813109 |  | 775054 | 9628 | SH |  | SOLE |  | 0 | 6181 | 3447 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 3464241 | 14245 | SH |  | SOLE |  | 0 | 10071 | 4174 |
| BERKLEY W R CORP | COM | 084423102 |  | 311340 | 4183 | SH |  | SOLE |  | 0 | 3065 | 1118 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6164821 | 22182 | SH |  | SOLE |  | 0 | 16035 | 6147 |
| BERRY GLOBAL GROUP INC | COM | 08579W103 |  | 1272181 | 19506 | SH |  | SOLE |  | 0 | 12526 | 6980 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 1605246 | 22041 | SH |  | SOLE |  | 0 | 16963 | 5078 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 490710 | 5881 | SH |  | SOLE |  | 0 | 4304 | 1577 |
| BLACKBERRY LTD | COM | 09228F103 |  | 916 | 75 | SH |  | SOLE |  | 0 | 75 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 336863 | 385 | SH |  | SOLE |  | 0 | 283 | 102 |
| BLACKSTONE GROUP INC | COM | 09260D107 |  | 424501 | 4370 | SH |  | SOLE |  | 0 | 3710 | 660 |
| BOEING CO | COM | 097023105 |  | 38329 | 160 | SH |  | SOLE |  | 0 | 160 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 993709 | 11666 | SH |  | SOLE |  | 0 | 8793 | 2873 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1607134 | 37585 | SH |  | SOLE |  | 0 | 23833 | 13752 |
| BROADCOM INC | COM | 11135F101 |  | 4714040 | 9886 | SH |  | SOLE |  | 0 | 6840 | 3046 |
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 |  | 50035098 | 980843 | SH |  | SOLE |  | 0 | 619513 | 361330 |
| BROOKFIELD INFRASTRUCTURE CO | COM SB VTG SHS A | 11275Q107 |  | 37682 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 303817 | 7232 | SH |  | SOLE |  | 0 | 6936 | 296 |
| CAE INC | COM | 124765108 |  | 7038861 | 228551 | SH |  | SOLE |  | 0 | 160776 | 67775 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 353578 | 2970 | SH |  | SOLE |  | 0 | 2157 | 813 |
| CDW CORP | COM | 12514G108 |  | 1606605 | 9199 | SH |  | SOLE |  | 0 | 6909 | 2290 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 30570043 | 337198 | SH |  | SOLE |  | 0 | 212887 | 124311 |
| CI FINL CORP | COM | 125491100 |  | 47713 | 2600 | SH |  | SOLE |  | 0 | 2432 | 168 |
| CME GROUP INC | COM | 12572Q105 |  | 6606053 | 31061 | SH |  | SOLE |  | 0 | 21946 | 9115 |
| CNX RES CORP | COM | 12653C108 |  | 1366 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1869389 | 22404 | SH |  | SOLE |  | 0 | 18293 | 4111 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 368456 | 2693 | SH |  | SOLE |  | 0 | 1967 | 726 |
| CAMECO CORP | COM | 13321L108 |  | 2242 | 117 | SH |  | SOLE |  | 0 | 117 | 0 |
| CANADIAN IMP BK COMM | COM | 136069101 |  | 895013 | 7863 | SH |  | SOLE |  | 0 | 5651 | 2212 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 60738698 | 575715 | SH |  | SOLE |  | 0 | 368095 | 207620 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 31095736 | 856653 | SH |  | SOLE |  | 0 | 556081 | 300572 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 4948766 | 64362 | SH |  | SOLE |  | 0 | 55833 | 8529 |
| CELESTICA INC | SUB VTG SHS | 15101Q108 |  | 37485 | 4781 | SH |  | SOLE |  | 0 | 4450 | 331 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 36258 | 3790 | SH |  | SOLE |  | 0 | 2397 | 1393 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 634876 | 880 | SH |  | SOLE |  | 0 | 645 | 235 |
| CHEVRON CORP NEW | COM | 166764100 |  | 31212 | 298 | SH |  | SOLE |  | 0 | 202 | 96 |
| CISCO SYS INC | COM | 17275R102 |  | 845085 | 15945 | SH |  | SOLE |  | 0 | 14415 | 1530 |
| CITIGROUP INC | COM NEW | 172967424 |  | 39620 | 560 | SH |  | SOLE |  | 0 | 560 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1139286 | 21055 | SH |  | SOLE |  | 0 | 13954 | 7101 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1029065 | 14858 | SH |  | SOLE |  | 0 | 9526 | 5332 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 6332 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 1160323 | 10362 | SH |  | SOLE |  | 0 | 9207 | 1155 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 527092 | 9244 | SH |  | SOLE |  | 0 | 6299 | 2945 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 17894 | 240 | SH |  | SOLE |  | 0 | 240 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 453339 | 7444 | SH |  | SOLE |  | 0 | 5511 | 1933 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 249794 | 1068 | SH |  | SOLE |  | 0 | 786 | 282 |
| COPART INC | COM | 217204106 |  | 1704693 | 12931 | SH |  | SOLE |  | 0 | 8517 | 4414 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1776558 | 4490 | SH |  | SOLE |  | 0 | 3380 | 1110 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 1112569 | 2450 | SH |  | SOLE |  | 0 | 1587 | 863 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 75287 | 16637 | SH |  | SOLE |  | 0 | 16637 | 0 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 213779 | 4427 | SH |  | SOLE |  | 0 | 4427 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 9271838 | 34550 | SH |  | SOLE |  | 0 | 24426 | 10124 |
| DEERE  CO | COM | 244199105 |  | 12697 | 36 | SH |  | SOLE |  | 0 | 36 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 167974 | 2429 | SH |  | SOLE |  | 0 | 2277 | 152 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 19935376 | 103998 | SH |  | SOLE |  | 0 | 63980 | 40018 |
| DIAMEDICA THERAPEUTICS INC | COM NEW | 25253X207 |  | 3422 | 769 | SH |  | SOLE |  | 0 | 769 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 872216 | 5797 | SH |  | SOLE |  | 0 | 4379 | 1418 |
| DIREXION SHS ETF TR | MOONSHOT INNOVAT | 25460G732 |  | 661887 | 18040 | SH |  | SOLE |  | 0 | 16650 | 1390 |
| DISNEY WALT CO | COM | 254687106 |  | 326404 | 1857 | SH |  | SOLE |  | 0 | 1363 | 494 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 883953 | 4085 | SH |  | SOLE |  | 0 | 2798 | 1287 |
| DOLLAR TREE INC | COM | 256746108 |  | 574214 | 5771 | SH |  | SOLE |  | 0 | 4251 | 1520 |
| EOG RES INC | COM | 26875P101 |  | 1712355 | 20522 | SH |  | SOLE |  | 0 | 15459 | 5063 |
| EQT CORP | COM | 26884L109 |  | 376550 | 16916 | SH |  | SOLE |  | 0 | 12191 | 4725 |
| ETF MANAGERS TR | PRIME CYBR SCRTY | 26924G201 |  | 27912 | 460 | SH |  | SOLE |  | 0 | 0 | 460 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 446485 | 6228 | SH |  | SOLE |  | 0 | 4485 | 1743 |
| ECOLAB INC | COM | 278865100 |  | 5588995 | 27135 | SH |  | SOLE |  | 0 | 19167 | 7968 |
| EDITAS MEDICINE INC | COM | 28106W103 |  | 4417 | 78 | SH |  | SOLE |  | 0 | 78 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 26949828 | 776876 | SH |  | SOLE |  | 0 | 475134 | 301742 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 4915 | 495 | SH |  | SOLE |  | 0 | 495 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 332391 | 2311 | SH |  | SOLE |  | 0 | 1716 | 595 |
| EMERSON ELEC CO | COM | 291011104 |  | 717950 | 7460 | SH |  | SOLE |  | 0 | 6890 | 570 |
| ENBRIDGE INC | COM | 29250N105 |  | 37532041 | 937507 | SH |  | SOLE |  | 0 | 599910 | 337597 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 713524 | 29570 | SH |  | SOLE |  | 0 | 27290 | 2280 |
| EQUINIX INC | COM | 29444U700 |  | 285725 | 356 | SH |  | SOLE |  | 0 | 254 | 102 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 134344 | 6337 | SH |  | SOLE |  | 0 | 4902 | 1435 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 578223 | 3532 | SH |  | SOLE |  | 0 | 2573 | 959 |
| EXPONENT INC | COM | 30214U102 |  | 550782 | 6174 | SH |  | SOLE |  | 0 | 4662 | 1512 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 255347 | 4048 | SH |  | SOLE |  | 0 | 2896 | 1152 |
| FACEBOOK INC | CL A | 30303M102 |  | 4038651 | 11615 | SH |  | SOLE |  | 0 | 7946 | 3669 |
| FAIR ISAAC CORP | COM | 303250104 |  | 326742 | 650 | SH |  | SOLE |  | 0 | 476 | 174 |
| FASTLY INC | CL A | 31188V100 |  | 2980 | 50 | SH |  | SOLE |  | 0 | 50 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 832340 | 2790 | SH |  | SOLE |  | 0 | 2490 | 300 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 12325 | 87 | SH |  | SOLE |  | 0 | 87 | 0 |
| FISERV INC | COM | 337738108 |  | 1485022 | 13893 | SH |  | SOLE |  | 0 | 8885 | 5008 |
| FISKER INC | CL A COM STK | 33813J106 |  | 964 | 50 | SH |  | SOLE |  | 0 | 50 | 0 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 145284 | 2528 | SH |  | SOLE |  | 0 | 2528 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 16346 | 1100 | SH |  | SOLE |  | 0 | 1100 | 0 |
| FORTIS INC | COM | 349553107 |  | 6448032 | 145683 | SH |  | SOLE |  | 0 | 105553 | 40130 |
| FORTIVE CORP | COM | 34959J108 |  | 2371 | 34 | SH |  | SOLE |  | 0 | 0 | 34 |
| FRANCO NEV CORP | COM | 351858105 |  | 28953046 | 199528 | SH |  | SOLE |  | 0 | 129079 | 70449 |
| GFL ENVIRONMENTAL INC | UNIT 99/99/9999T | 36168Q120 |  | 2915 | 39 | SH |  | SOLE |  | 0 | 39 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 3224896 | 87405 | SH |  | SOLE |  | 0 | 61910 | 25495 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 942977 | 23681 | SH |  | SOLE |  | 0 | 20865 | 2816 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 890134 | 13379 | SH |  | SOLE |  | 0 | 12929 | 450 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 475177 | 26195 | SH |  | SOLE |  | 0 | 19325 | 6870 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 687253 | 6097 | SH |  | SOLE |  | 0 | 3922 | 2175 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 265718 | 3634 | SH |  | SOLE |  | 0 | 2146 | 1488 |
| HESKA CORP | COM RESTRC NEW | 42805E306 |  | 229730 | 1000 | SH |  | SOLE |  | 0 | 727 | 273 |
| HOME DEPOT INC | COM | 437076102 |  | 2473948 | 7758 | SH |  | SOLE |  | 0 | 6387 | 1371 |
| HONEYWELL INTL INC | COM | 438516106 |  | 305335 | 1392 | SH |  | SOLE |  | 0 | 885 | 507 |
| HUMANA INC | COM | 444859102 |  | 490533 | 1108 | SH |  | SOLE |  | 0 | 814 | 294 |
| HUT 8 MNG CORP | COM | 44812T102 |  | 476 | 110 | SH |  | SOLE |  | 0 | 110 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 258385 | 3328 | SH |  | SOLE |  | 0 | 2277 | 1051 |
| IAA INC | COM | 449253103 |  | 7308 | 134 | SH |  | SOLE |  | 0 | 134 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 108157 | 6325 | SH |  | SOLE |  | 0 | 4751 | 1574 |
| IDEXX LABS INC | COM | 45168D104 |  | 380193 | 602 | SH |  | SOLE |  | 0 | 444 | 158 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 883509 | 3952 | SH |  | SOLE |  | 0 | 2989 | 963 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 714336 | 23440 | SH |  | SOLE |  | 0 | 22440 | 1000 |
| INCYTE CORP | COM | 45337C102 |  | 141590 | 1683 | SH |  | SOLE |  | 0 | 1221 | 462 |
| INDEXIQ ETF TR | IQ MRGR ARB ETF | 45409B800 |  | 230883 | 6890 | SH |  | SOLE |  | 0 | 4820 | 2070 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 1324092 | 100007 | SH |  | SOLE |  | 0 | 75760 | 24247 |
| INOVIO PHARMACEUTICALS INC | COM NEW | 45773H201 |  | 6155 | 664 | SH |  | SOLE |  | 0 | 664 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 308432 | 3413 | SH |  | SOLE |  | 0 | 2498 | 915 |
| INTEL CORP | COM | 458140100 |  | 19761 | 352 | SH |  | SOLE |  | 0 | 352 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 856133 | 13025 | SH |  | SOLE |  | 0 | 8362 | 4663 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 |  | 2934 | 44 | SH |  | SOLE |  | 0 | 44 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2546233 | 21451 | SH |  | SOLE |  | 0 | 15516 | 5935 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1114963 | 7606 | SH |  | SOLE |  | 0 | 7104 | 502 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 22507857 | 150655 | SH |  | SOLE |  | 0 | 92323 | 58332 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6379 | 18 | SH |  | SOLE |  | 0 | 18 | 0 |
| INTUIT | COM | 461202103 |  | 457818 | 934 | SH |  | SOLE |  | 0 | 661 | 273 |
| INVITATION HOMES INC | COM | 46187W107 |  | 183168 | 4912 | SH |  | SOLE |  | 0 | 3561 | 1351 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1824184 | 7528 | SH |  | SOLE |  | 0 | 4731 | 2797 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 41144 | 400 | SH |  | SOLE |  | 0 | 400 | 0 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 59861 | 933 | SH |  | SOLE |  | 0 | 933 | 0 |
| ISHARES TR | MORNINGSTR US EQ | 464287127 |  | 29131 | 480 | SH |  | SOLE |  | 0 | 480 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 7967788 | 80613 | SH |  | SOLE |  | 0 | 72420 | 8193 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 6414 | 55 | SH |  | SOLE |  | 0 | 55 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 5324 | 115 | SH |  | SOLE |  | 0 | 115 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 658476 | 5709 | SH |  | SOLE |  | 0 | 3574 | 2135 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 2501 | 94 | SH |  | SOLE |  | 0 | 94 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 835688 | 3110 | SH |  | SOLE |  | 0 | 2850 | 260 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 815033 | 7340 | SH |  | SOLE |  | 0 | 6720 | 620 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 127623 | 1184 | SH |  | SOLE |  | 0 | 974 | 210 |
| ISHARES TR | GL TIMB FORE ETF | 464288174 |  | 2777 | 32 | SH |  | SOLE |  | 0 | 32 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 5161 | 220 | SH |  | SOLE |  | 0 | 220 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 4929 | 56 | SH |  | SOLE |  | 0 | 0 | 56 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 223274 | 3685 | SH |  | SOLE |  | 0 | 3685 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 9082 | 375 | SH |  | SOLE |  | 0 | 375 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 62500 | 647 | SH |  | SOLE |  | 0 | 647 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 5996379 | 81806 | SH |  | SOLE |  | 0 | 72646 | 9160 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 337881 | 5043 | SH |  | SOLE |  | 0 | 2667 | 2376 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 154178 | 5562 | SH |  | SOLE |  | 0 | 5562 | 0 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 235839 | 2310 | SH |  | SOLE |  | 0 | 1620 | 690 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 60729 | 1456 | SH |  | SOLE |  | 0 | 0 | 1456 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1600817 | 10292 | SH |  | SOLE |  | 0 | 6577 | 3715 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4062488 | 24660 | SH |  | SOLE |  | 0 | 17084 | 7576 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 54673 | 1109 | SH |  | SOLE |  | 0 | 821 | 288 |
| KKR  CO INC | COM | 48251W104 |  | 427712 | 7220 | SH |  | SOLE |  | 0 | 6140 | 1080 |
| KELLOGG CO | COM | 487836108 |  | 360762 | 5608 | SH |  | SOLE |  | 0 | 4228 | 1380 |
| KIRKLAND LAKE GOLD LTD | COM | 49741E100 |  | 14951 | 388 | SH |  | SOLE |  | 0 | 367 | 21 |
| KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 |  | 5926725 | 119250 | SH |  | SOLE |  | 0 | 84282 | 34968 |
| KRAFT HEINZ CO | COM | 500754106 |  | 674093 | 16530 | SH |  | SOLE |  | 0 | 15220 | 1310 |
| KRANESHARES TR | QUADRTC INT RT | 500767736 |  | 221512 | 8020 | SH |  | SOLE |  | 0 | 5640 | 2380 |
| LCI INDS | COM | 50189K103 |  | 747779 | 5690 | SH |  | SOLE |  | 0 | 3650 | 2040 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1892886 | 2909 | SH |  | SOLE |  | 0 | 2200 | 709 |
| LILLY ELI  CO | COM | 532457108 |  | 35805 | 156 | SH |  | SOLE |  | 0 | 156 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 8292 | 2920 | SH |  | SOLE |  | 0 | 2920 | 0 |
| LOWES COS INC | COM | 548661107 |  | 469601 | 2421 | SH |  | SOLE |  | 0 | 1500 | 921 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 761528 | 15570 | SH |  | SOLE |  | 0 | 14320 | 1250 |
| MAGNA INTL INC | COM | 559222401 |  | 4165677 | 44996 | SH |  | SOLE |  | 0 | 33598 | 11398 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 26786011 | 1360927 | SH |  | SOLE |  | 0 | 857042 | 503885 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 17022 | 121 | SH |  | SOLE |  | 0 | 121 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 179423 | 510 | SH |  | SOLE |  | 0 | 377 | 133 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3749109 | 10269 | SH |  | SOLE |  | 0 | 7233 | 3036 |
| MCDONALDS CORP | COM | 580135101 |  | 1690615 | 7319 | SH |  | SOLE |  | 0 | 5448 | 1871 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 1141056 | 56769 | SH |  | SOLE |  | 0 | 44585 | 12184 |
| MERCK  CO INC | COM | 58933Y105 |  | 679787 | 8741 | SH |  | SOLE |  | 0 | 7960 | 781 |
| METHANEX CORP | COM | 59151K108 |  | 154025 | 4647 | SH |  | SOLE |  | 0 | 3705 | 942 |
| MICROSOFT CORP | COM | 594918104 |  | 23126733 | 85370 | SH |  | SOLE |  | 0 | 59725 | 25645 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 656470 | 7725 | SH |  | SOLE |  | 0 | 5621 | 2104 |
| MIDDLEBY CORP | COM | 596278101 |  | 22840172 | 131826 | SH |  | SOLE |  | 0 | 80209 | 51617 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2175721 | 34845 | SH |  | SOLE |  | 0 | 23662 | 11183 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 535950 | 5867 | SH |  | SOLE |  | 0 | 3779 | 2088 |
| MOODYS CORP | COM | 615369105 |  | 642119 | 1772 | SH |  | SOLE |  | 0 | 1293 | 479 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 268835 | 2932 | SH |  | SOLE |  | 0 | 2432 | 500 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 500489 | 2308 | SH |  | SOLE |  | 0 | 1402 | 906 |
| NETFLIX INC | COM | 64110L106 |  | 71308 | 135 | SH |  | SOLE |  | 0 | 135 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 179 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 286515 | 6579 | SH |  | SOLE |  | 0 | 4589 | 1990 |
| NEWMONT CORP | COM | 651639106 |  | 73664 | 1162 | SH |  | SOLE |  | 0 | 1118 | 44 |
| NEXTERA ENERGY INC | UNIT 09/01/2022S | 65339F796 |  | 3032 | 54 | SH |  | SOLE |  | 0 | 54 | 0 |
| NIKE INC | CL B | 654106103 |  | 7785214 | 50393 | SH |  | SOLE |  | 0 | 35689 | 14704 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 381128 | 1436 | SH |  | SOLE |  | 0 | 1050 | 386 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 932107 | 10216 | SH |  | SOLE |  | 0 | 8991 | 1225 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 732903 | 8749 | SH |  | SOLE |  | 0 | 6417 | 2332 |
| NUANCE COMMUNICATIONS INC | COM | 67020Y100 |  | 18509 | 340 | SH |  | SOLE |  | 0 | 340 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 776097 | 970 | SH |  | SOLE |  | 0 | 687 | 283 |
| NUTRIEN LTD | COM | 67077M108 |  | 4862792 | 80261 | SH |  | SOLE |  | 0 | 63337 | 16924 |
| OMNICOM GROUP INC | COM | 681919106 |  | 320439 | 4006 | SH |  | SOLE |  | 0 | 3027 | 979 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 658663 | 18150 | SH |  | SOLE |  | 0 | 16720 | 1430 |
| OPEN TEXT CORP | COM | 683715106 |  | 5776044 | 113750 | SH |  | SOLE |  | 0 | 88313 | 25437 |
| ORACLE CORP | COM | 68389X105 |  | 4909368 | 63070 | SH |  | SOLE |  | 0 | 44879 | 18191 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 272 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| OVINTIV INC | COM | 69047Q102 |  | 77434 | 2457 | SH |  | SOLE |  | 0 | 2457 | 0 |
| PTC INC | COM | 69370C100 |  | 340577 | 2411 | SH |  | SOLE |  | 0 | 1406 | 1005 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 14277 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 691390 | 2372 | SH |  | SOLE |  | 0 | 1748 | 624 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 2542763 | 80027 | SH |  | SOLE |  | 0 | 52663 | 27364 |
| PEPSICO INC | COM | 713448108 |  | 22102222 | 149168 | SH |  | SOLE |  | 0 | 92168 | 57000 |
| PFIZER INC | COM | 717081103 |  | 65906 | 1683 | SH |  | SOLE |  | 0 | 1366 | 317 |
| PIONEER NAT RES CO | COM | 723787107 |  | 179584 | 1105 | SH |  | SOLE |  | 0 | 799 | 306 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 1750 | 42 | SH |  | SOLE |  | 0 | 42 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 489391 | 3627 | SH |  | SOLE |  | 0 | 2384 | 1243 |
| PROSHARES TR | HD REPLICATION | 74347X294 |  | 224140 | 4490 | SH |  | SOLE |  | 0 | 3150 | 1340 |
| PROSHARES TR | PRIV EQTY-LSTD | 74348A533 |  | 384541 | 10540 | SH |  | SOLE |  | 0 | 8970 | 1570 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 19770699 | 518916 | SH |  | SOLE |  | 0 | 318500 | 200416 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 49565 | 581 | SH |  | SOLE |  | 0 | 581 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 837810 | 1500 | SH |  | SOLE |  | 0 | 1400 | 100 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 744866 | 27929 | SH |  | SOLE |  | 0 | 18834 | 9095 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1292617 | 11750 | SH |  | SOLE |  | 0 | 8904 | 2846 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 28993318 | 450019 | SH |  | SOLE |  | 0 | 278654 | 171365 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 2271657 | 27079 | SH |  | SOLE |  | 0 | 21354 | 5725 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 5791405 | 97695 | SH |  | SOLE |  | 0 | 68886 | 28809 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1169249 | 4088 | SH |  | SOLE |  | 0 | 2919 | 1169 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 28556170 | 537194 | SH |  | SOLE |  | 0 | 343307 | 193887 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1552600 | 3302 | SH |  | SOLE |  | 0 | 2488 | 814 |
| ROSS STORES INC | COM | 778296103 |  | 1984 | 16 | SH |  | SOLE |  | 0 | 16 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 20046380 | 197878 | SH |  | SOLE |  | 0 | 143242 | 54636 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 535970 | 13803 | SH |  | SOLE |  | 0 | 10877 | 2926 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 4686 | 116 | SH |  | SOLE |  | 0 | 116 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADS | 783513203 |  | 204408 | 1889 | SH |  | SOLE |  | 0 | 1407 | 482 |
| S GLOBAL INC | COM | 78409V104 |  | 7707840 | 18779 | SH |  | SOLE |  | 0 | 13178 | 5601 |
| SL GREEN RLTY CORP | COM | 78440X804 |  | 755200 | 9440 | SH |  | SOLE |  | 0 | 8720 | 720 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1311575 | 3064 | SH |  | SOLE |  | 0 | 1862 | 1202 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 8624 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| SALESFORCE COM INC | COM | 79466L302 |  | 374710 | 1534 | SH |  | SOLE |  | 0 | 1139 | 395 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 1084901 | 20602 | SH |  | SOLE |  | 0 | 17682 | 2920 |
| SAP SE | SPON ADR | 803054204 |  | 34845176 | 248079 | SH |  | SOLE |  | 0 | 151975 | 96104 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1334656 | 41695 | SH |  | SOLE |  | 0 | 31545 | 10150 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 354584 | 4870 | SH |  | SOLE |  | 0 | 2928 | 1942 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 258323 | 2051 | SH |  | SOLE |  | 0 | 2051 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 656162 | 1194 | SH |  | SOLE |  | 0 | 878 | 316 |
| SERVISFIRST BANCSHARES INC | COM | 81768T108 |  | 875514 | 12879 | SH |  | SOLE |  | 0 | 8276 | 4603 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 1139259 | 39330 | SH |  | SOLE |  | 0 | 37609 | 1721 |
| SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 822634101 |  | 5612 | 380 | SH |  | SOLE |  | 0 | 380 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 962293 | 3532 | SH |  | SOLE |  | 0 | 2307 | 1225 |
| SHOPIFY INC | CL A | 82509L107 |  | 2310506 | 1580 | SH |  | SOLE |  | 0 | 1061 | 519 |
| STANTEC INC | COM | 85472N109 |  | 2383902 | 53432 | SH |  | SOLE |  | 0 | 32984 | 20448 |
| STARBUCKS CORP | COM | 855244109 |  | 230440 | 2061 | SH |  | SOLE |  | 0 | 1811 | 250 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 184817 | 26824 | SH |  | SOLE |  | 0 | 19681 | 7143 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 4410722 | 85544 | SH |  | SOLE |  | 0 | 72873 | 12671 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 4555548 | 190216 | SH |  | SOLE |  | 0 | 157087 | 33129 |
| TFI INTL INC | COM | 87241L109 |  | 2187448 | 23962 | SH |  | SOLE |  | 0 | 18015 | 5947 |
| TJX COS INC NEW | COM | 872540109 |  | 1418247 | 21036 | SH |  | SOLE |  | 0 | 14433 | 6603 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 743309 | 6186 | SH |  | SOLE |  | 0 | 4032 | 2154 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 |  | 659736 | 39200 | SH |  | SOLE |  | 0 | 36180 | 3020 |
| TC ENERGY CORP | COM | 87807B107 |  | 7101575 | 143525 | SH |  | SOLE |  | 0 | 99913 | 43612 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 1553795 | 67469 | SH |  | SOLE |  | 0 | 57006 | 10463 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 685691 | 30260 | SH |  | SOLE |  | 0 | 27860 | 2400 |
| TELUS CORPORATION | COM | 87971M103 |  | 12589338 | 561403 | SH |  | SOLE |  | 0 | 428510 | 132893 |
| TELUS INTL CDA INC | SUB VTG SHS | 87975H100 |  | 1028291 | 33111 | SH |  | SOLE |  | 0 | 27239 | 5872 |
| TESLA INC | COM | 88160R101 |  | 34664 | 51 | SH |  | SOLE |  | 0 | 51 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 369600 | 1922 | SH |  | SOLE |  | 0 | 1127 | 795 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 37536099 | 74407 | SH |  | SOLE |  | 0 | 46220 | 28187 |
| THOMSON REUTERS CORP. | COM NEW | 884903709 |  | 3556537 | 35808 | SH |  | SOLE |  | 0 | 25401 | 10407 |
| 3M CO | COM | 88579Y101 |  | 6753 | 34 | SH |  | SOLE |  | 0 | 34 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 136270 | 689 | SH |  | SOLE |  | 0 | 405 | 284 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 101101347 | 1442792 | SH |  | SOLE |  | 0 | 932270 | 510522 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 1485568 | 32823 | SH |  | SOLE |  | 0 | 25119 | 7704 |
| TRANSALTA CORP | COM | 89346D107 |  | 6226 | 625 | SH |  | SOLE |  | 0 | 625 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 464131 | 1026 | SH |  | SOLE |  | 0 | 671 | 355 |
| TYSON FOODS INC | CL A | 902494103 |  | 688180 | 9330 | SH |  | SOLE |  | 0 | 8580 | 750 |
| UBS AG LONDON BRANCH | ETRACS WF BUS DE | 90274D416 |  | 397626 | 20220 | SH |  | SOLE |  | 0 | 17140 | 3080 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1541241 | 26346 | SH |  | SOLE |  | 0 | 19068 | 7278 |
| UNION PAC CORP | COM | 907818108 |  | 30570 | 139 | SH |  | SOLE |  | 0 | 139 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 792365 | 3810 | SH |  | SOLE |  | 0 | 3510 | 300 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 36315903 | 90690 | SH |  | SOLE |  | 0 | 55817 | 34873 |
| UPWORK INC | COM | 91688F104 |  | 7577 | 130 | SH |  | SOLE |  | 0 | 130 | 0 |
| VANECK VECTORS ETF TR | BDC INCOME ETF | 92189F411 |  | 397365 | 23170 | SH |  | SOLE |  | 0 | 19660 | 3510 |
| VANGUARD WHITEHALL FDS | EMERG MKT BD ETF | 921946885 |  | 58994 | 739 | SH |  | SOLE |  | 0 | 0 | 739 |
| VANGUARD CHARLOTTE FDS | INTL BD IDX ETF | 92203J407 |  | 117568 | 2059 | SH |  | SOLE |  | 0 | 0 | 2059 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 37093 | 93 | SH |  | SOLE |  | 0 | 93 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 118267 | 1244 | SH |  | SOLE |  | 0 | 0 | 1244 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 65960 | 296 | SH |  | SOLE |  | 0 | 296 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 4603664 | 20219 | SH |  | SOLE |  | 0 | 14271 | 5948 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1033305 | 18442 | SH |  | SOLE |  | 0 | 15887 | 2555 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 995904 | 5700 | SH |  | SOLE |  | 0 | 3711 | 1989 |
| VERMILION ENERGY INC | COM | 923725105 |  | 59630 | 6807 | SH |  | SOLE |  | 0 | 6807 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 53182359 | 227450 | SH |  | SOLE |  | 0 | 145764 | 81686 |
| VULCAN MATLS CO | COM | 929160109 |  | 336477 | 1933 | SH |  | SOLE |  | 0 | 1414 | 519 |
| WABTEC | COM | 929740108 |  | 325085 | 3950 | SH |  | SOLE |  | 0 | 2894 | 1056 |
| WALMART INC | COM | 931142103 |  | 67689 | 480 | SH |  | SOLE |  | 0 | 480 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 140087 | 3887 | SH |  | SOLE |  | 0 | 2277 | 1610 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 2917439 | 24421 | SH |  | SOLE |  | 0 | 22550 | 1871 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1563627 | 11160 | SH |  | SOLE |  | 0 | 8787 | 2373 |
| WATERS CORP | COM | 941848103 |  | 8640 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 2212726 | 30825 | SH |  | SOLE |  | 0 | 27042 | 3783 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 329990 | 7487 | SH |  | SOLE |  | 0 | 5367 | 2120 |
| WILLIAMS COS INC | COM | 969457100 |  | 747913 | 28170 | SH |  | SOLE |  | 0 | 25990 | 2180 |
| WINMARK CORP | COM | 974250102 |  | 127925 | 666 | SH |  | SOLE |  | 0 | 523 | 143 |
| WORKHORSE GROUP INC | COM NEW | 98138J206 |  | 1493 | 90 | SH |  | SOLE |  | 0 | 90 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E204 |  | 10090 | 573 | SH |  | SOLE |  | 0 | 573 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 1129628 | 17051 | SH |  | SOLE |  | 0 | 12879 | 4172 |
| ZOETIS INC | CL A | 98978V103 |  | 8293206 | 44501 | SH |  | SOLE |  | 0 | 31168 | 13333 |
| AMDOCS LTD | SHS | G02602103 |  | 275324 | 3559 | SH |  | SOLE |  | 0 | 2674 | 885 |
| AON PLC | SHS CL A | G0403H108 |  | 4772334 | 19988 | SH |  | SOLE |  | 0 | 13963 | 6025 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 3514781 | 11923 | SH |  | SOLE |  | 0 | 8724 | 3199 |
| BROOKFIELD ASSET MGMT REINS | CL A EXCH LT VTG | G16169107 |  | 205159 | 3883 | SH |  | SOLE |  | 0 | 2427 | 1456 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD L P | G16234109 |  | 827815 | 17910 | SH |  | SOLE |  | 0 | 17220 | 690 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 487852 | 8788 | SH |  | SOLE |  | 0 | 6885 | 1903 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 7300683 | 188949 | SH |  | SOLE |  | 0 | 133770 | 55179 |
| CLARIVATE PLC | ORD SHS | G21810109 |  | 117085 | 4253 | SH |  | SOLE |  | 0 | 3145 | 1108 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 240957 | 4062 | SH |  | SOLE |  | 0 | 2341 | 1721 |
| FERGUSON PLC NEW | SHS | G3421J106 |  | 235264 | 1686 | SH |  | SOLE |  | 0 | 1245 | 441 |
| LINDE PLC | SHS | G5494J103 |  | 34390179 | 118956 | SH |  | SOLE |  | 0 | 72761 | 46195 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1161360 | 9356 | SH |  | SOLE |  | 0 | 7091 | 2265 |
| ALCON AG | ORD SHS | H01301128 |  | 5550 | 79 | SH |  | SOLE |  | 0 | 79 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 3337 | 21 | SH |  | SOLE |  | 0 | 21 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 16580 | 24 | SH |  | SOLE |  | 0 | 24 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 318043 | 1546 | SH |  | SOLE |  | 0 | 900 | 646 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 4851 | 220 | SH |  | SOLE |  | 0 | 220 | 0 |

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