# EDGAR Filing Document

**Accession Number:** 0001621915
**File Stem:** 0001621915-26-000002
**Filing Date:** 2026-4
**Character Count:** 50544
**Document Hash:** 1b37e6c5d8f490aef756132aad3342d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001621915-26-000002.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001621915-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CIDEL ASSET MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001621915

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16679
- **FILM NUMBER:** 26870228

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 60 BLOOR ST. W, 9TH FLOOR
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M4W 3B8
- **BUSINESS PHONE:** 416-977-6767

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 60 BLOOR ST. W, 9TH FLOOR
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M4W 3B8

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TORON CAPITAL MARKETS INC.
- **DATE OF NAME CHANGE:** 20141009

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** CIDEL ASSET MANAGEMENT INC<br>**Address:** 60 BLOOR ST. W 9TH FLOOR<br>TORONTO, A6 M4W 3B8

**Form 13F File Number:** 028-16679

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:** TIZIANA MAZZILLI<br>**Title:** SVP<br>**Phone:** 416-645-8737

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

/s/ TIZIANA MAZZILLI  TORONTO, A6  04-17-2026<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:** 436

**Form 13F Information Table Value Total:** $1832672800

      (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 |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 630150 | 4339 | SH |  | SOLE |  | 4339 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 | BBG001S5N9M6 | 42340590 | 412395 | SH |  | SOLE |  | 412395 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1941750 | 8928 | SH |  | SOLE |  | 8928 | 0 | 0 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 | BBG001T6GDY9 | 225640 | 1266 | SH |  | SOLE |  | 1266 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 950400 | 4793 | SH |  | SOLE |  | 4793 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 613530 | 2524 | SH |  | SOLE |  | 2524 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 11406930 | 56073 | SH |  | SOLE |  | 56073 | 0 | 0 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 209900 | 14897 | SH |  | SOLE |  | 14897 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 529680 | 4828 | SH |  | SOLE |  | 4828 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 2780380 | 13740 | SH |  | SOLE |  | 13740 | 0 | 0 |
| AIR PRODUCTS AND CHEMICALS I | COM | 009158106 | BBG001S5NSB6 | 404360 | 1392 | SH |  | SOLE |  | 1392 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 229260 | 1277 | SH |  | SOLE |  | 1277 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 | BBG009KG1741 | 228520 | 13411 | SH |  | SOLE |  | 13411 | 0 | 0 |
| ALCOA CORP | COM | 013872106 | BBG00B3T3HF1 | 258160 | 3892 | SH |  | SOLE |  | 3892 | 0 | 0 |
| ALGONQUIN POWER  UTILITIES | COM | 015857105 | BBG001S8LHC5 | 21587190 | 3535918 | SH |  | SOLE |  | 3535918 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 536600 | 2588 | SH |  | SOLE |  | 2588 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 | BBG001S5RLN4 | 295050 | 7521 | SH |  | SOLE |  | 7521 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 10711030 | 37248 | SH |  | SOLE |  | 37248 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 8221410 | 28660 | SH |  | SOLE |  | 28660 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 1236060 | 18731 | SH |  | SOLE |  | 18731 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 24224090 | 116311 | SH |  | SOLE |  | 116311 | 0 | 0 |
| AMEREN CORP | COM | 023608102 | BBG001S5NF24 | 208190 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 545740 | 4165 | SH |  | SOLE |  | 4165 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 870840 | 2879 | SH |  | SOLE |  | 2879 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 830530 | 11037 | SH |  | SOLE |  | 11037 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 | BBG001S5NPQ6 | 349470 | 2025 | SH |  | SOLE |  | 2025 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 2953970 | 21706 | SH |  | SOLE |  | 21706 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 289750 | 652 | SH |  | SOLE |  | 652 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1334920 | 3794 | SH |  | SOLE |  | 3794 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 | BBG001S5NSK6 | 1848370 | 14629 | SH |  | SOLE |  | 14629 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 1608200 | 5055 | SH |  | SOLE |  | 5055 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 | BBG00YTS96H1 | 466260 | 11007 | SH |  | SOLE |  | 11007 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 49076130 | 193373 | SH |  | SOLE |  | 193373 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 1309060 | 3830 | SH |  | SOLE |  | 3830 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 1155190 | 15892 | SH |  | SOLE |  | 15892 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | BBG01J1GY084 | 305350 | 2019 | SH |  | SOLE |  | 2019 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 255410 | 1781 | SH |  | SOLE |  | 1781 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 13574170 | 10277 | SH |  | SOLE |  | 10277 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 | BBG001SCNW31 | 55095220 | 279490 | SH |  | SOLE |  | 279490 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 3345530 | 115403 | SH |  | SOLE |  | 115403 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 328540 | 1617 | SH |  | SOLE |  | 1617 | 0 | 0 |
| AVNET INC | COM | 053807103 | BBG001S5NZJ2 | 242600 | 3937 | SH |  | SOLE |  | 3937 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 | BBG001T0CNW6 | 312480 | 69000 | SH |  | SOLE |  | 69000 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | BBG00GBVBK60 | 497310 | 8146 | SH |  | SOLE |  | 8146 | 0 | 0 |
| BALL CORP | COM | 058498106 | BBG001S5P7Q4 | 203460 | 3442 | SH |  | SOLE |  | 3442 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 3678140 | 75449 | SH |  | SOLE |  | 75449 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 | BBG001S5Y203 | 17634010 | 130608 | SH |  | SOLE |  | 130608 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 643920 | 5428 | SH |  | SOLE |  | 5428 | 0 | 0 |
| BANK NOVA SCOTIA B C | COM | 064149107 | BBG001S5Y2B1 | 11163980 | 161500 | SH |  | SOLE |  | 161500 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 753630 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 | BBG001S5P1K3 | 176060 | 10480 | SH |  | SOLE |  | 10480 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 | BBG001S5P2C0 | 620390 | 24663 | SH |  | SOLE |  | 24663 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 447160 | 2844 | SH |  | SOLE |  | 2844 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 7181400 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 5614790 | 11717 | SH |  | SOLE |  | 11717 | 0 | 0 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 387510 | 6036 | SH |  | SOLE |  | 6036 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 | BBG001S67826 | 390310 | 2129 | SH |  | SOLE |  | 2129 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 660690 | 687 | SH |  | SOLE |  | 687 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 273100 | 2375 | SH |  | SOLE |  | 2375 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 | BBG001T53509 | 444540 | 3281 | SH |  | SOLE |  | 3281 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 484190 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 223820 | 4125 | SH |  | SOLE |  | 4125 | 0 | 0 |
| BOYD GROUP SERVICES INC | COM | 103310108 | BBG001SFTY52 | 19458350 | 152909 | SH |  | SOLE |  | 152909 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1983070 | 32697 | SH |  | SOLE |  | 32697 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1583140 | 5115 | SH |  | SOLE |  | 5115 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 253140 | 6267 | SH |  | SOLE |  | 6267 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 | BBG001S9CFC7 | 233900 | 2841 | SH |  | SOLE |  | 2841 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 | BBG01JZ8VLC7 | 686500 | 5397 | SH |  | SOLE |  | 5397 | 0 | 0 |
| C H ROBINSON WORLDWIDE IN | COM NEW | 12541W209 | BBG001SB6KF5 | 233490 | 1406 | SH |  | SOLE |  | 1406 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 8130120 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 | BBG001S5YBB1 | 46267780 | 489753 | SH |  | SOLE |  | 489753 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 | BBG001S5YC56 | 7993770 | 164393 | SH |  | SOLE |  | 164393 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 52874330 | 515357 | SH |  | SOLE |  | 515357 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG001S7F4Z8 | 31245470 | 398325 | SH |  | SOLE |  | 398325 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 1457430 | 7989 | SH |  | SOLE |  | 7989 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 257800 | 1220 | SH |  | SOLE |  | 1220 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 253960 | 4510 | SH |  | SOLE |  | 4510 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1718720 | 2426 | SH |  | SOLE |  | 2426 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 22308240 | 79369 | SH |  | SOLE |  | 79369 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG001SC2D27 | 290970 | 2148 | SH |  | SOLE |  | 2148 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 | BBG001SJDDG5 | 239930 | 3648 | SH |  | SOLE |  | 3648 | 0 | 0 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 332360 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 820140 | 25050 | SH |  | SOLE |  | 25050 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 215410 | 4991 | SH |  | SOLE |  | 4991 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 | BBG001SJ8KV8 | 364980 | 2811 | SH |  | SOLE |  | 2811 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 | BBG001S5YY67 | 24064090 | 330213 | SH |  | SOLE |  | 330213 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 | BBG001T3TDG2 | 804150 | 3725 | SH |  | SOLE |  | 3725 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG001S7W158 | 449710 | 1592 | SH |  | SOLE |  | 1592 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 | BBG001S67ZC5 | 6894940 | 33325 | SH |  | SOLE |  | 33325 | 0 | 0 |
| CHUBB LTD SWITZ | COM | H1467J104 | BBG001S8S1L3 | 747680 | 2294 | SH |  | SOLE |  | 2294 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 | BBG001S61J73 | 240310 | 619 | SH |  | SOLE |  | 619 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 2350360 | 30292 | SH |  | SOLE |  | 30292 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 2799410 | 24684 | SH |  | SOLE |  | 24684 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 305130 | 5088 | SH |  | SOLE |  | 5088 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 183040 | 21662 | SH |  | SOLE |  | 21662 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 335810 | 1137 | SH |  | SOLE |  | 1137 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 30887080 | 398132 | SH |  | SOLE |  | 398132 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 1256120 | 16517 | SH |  | SOLE |  | 16517 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG001S5STN6 | 446870 | 7284 | SH |  | SOLE |  | 7284 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 27350900 | 320907 | SH |  | SOLE |  | 320907 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 | BBG001S79G88 | 13626600 | 127860 | SH |  | SOLE |  | 127860 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 2816910 | 98116 | SH |  | SOLE |  | 98116 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG001S5PGY5 | 186600 | 11870 | SH |  | SOLE |  | 11870 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 27878660 | 211202 | SH |  | SOLE |  | 211202 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 395340 | 3493 | SH |  | SOLE |  | 3493 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 256800 | 1712 | SH |  | SOLE |  | 1712 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 236520 | 847 | SH |  | SOLE |  | 847 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 526880 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 427760 | 5110 | SH |  | SOLE |  | 5110 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | BBG001S9KRQ7 | 2676410 | 2686 | SH |  | SOLE |  | 2686 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 320580 | 9123 | SH |  | SOLE |  | 9123 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 263120 | 3236 | SH |  | SOLE |  | 3236 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 768540 | 18722 | SH |  | SOLE |  | 18722 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 504120 | 937 | SH |  | SOLE |  | 937 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 2841560 | 39565 | SH |  | SOLE |  | 39565 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 544080 | 3965 | SH |  | SOLE |  | 3965 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 | BBG001S5QGT0 | 558560 | 2946 | SH |  | SOLE |  | 2946 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 | BBG001S5QM08 | 7986080 | 40737 | SH |  | SOLE |  | 40737 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1331080 | 2363 | SH |  | SOLE |  | 2363 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZT0 | 268840 | 1638 | SH |  | SOLE |  | 1638 | 0 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 | BBG001SBJY34 | 8660900 | 121304 | SH |  | SOLE |  | 121304 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 709410 | 14098 | SH |  | SOLE |  | 14098 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 267810 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 260040 | 1443 | SH |  | SOLE |  | 1443 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1134300 | 11769 | SH |  | SOLE |  | 11769 | 0 | 0 |
| DOLLAR GEN CORP | COM | 256677105 | BBG001T5BM30 | 484770 | 4083 | SH |  | SOLE |  | 4083 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 | BBG001S6ZGL6 | 309800 | 2829 | SH |  | SOLE |  | 2829 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 559220 | 9046 | SH |  | SOLE |  | 9046 | 0 | 0 |
| DOW HLDGS INC | COM | 260557103 | BBG00BN96931 | 1284440 | 30839 | SH |  | SOLE |  | 30839 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 261440 | 1788 | SH |  | SOLE |  | 1788 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 948790 | 7246 | SH |  | SOLE |  | 7246 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 371350 | 8108 | SH |  | SOLE |  | 8108 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 | BBG00FN64XV6 | 153840 | 12239 | SH |  | SOLE |  | 12239 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 | BBG001S7JNP3 | 218890 | 2868 | SH |  | SOLE |  | 2868 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 544300 | 5980 | SH |  | SOLE |  | 5980 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 223460 | 840 | SH |  | SOLE |  | 840 | 0 | 0 |
| EDISON INTL | COM | 281020107 | BBG001S7MY75 | 432490 | 5910 | SH |  | SOLE |  | 5910 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 | BBG001S5T5C9 | 288070 | 1413 | SH |  | SOLE |  | 1413 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 1373000 | 4690 | SH |  | SOLE |  | 4690 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 18090040 | 19668 | SH |  | SOLE |  | 19668 | 0 | 0 |
| EMERA INC | COM | 290876101 | BBG001S8TF95 | 924660 | 17895 | SH |  | SOLE |  | 17895 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 450050 | 3435 | SH |  | SOLE |  | 3435 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 2635230 | 48768 | SH |  | SOLE |  | 48768 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 374380 | 3332 | SH |  | SOLE |  | 3332 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 1128660 | 7807 | SH |  | SOLE |  | 7807 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 239600 | 3765 | SH |  | SOLE |  | 3765 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 248000 | 253 | SH |  | SOLE |  | 253 | 0 | 0 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 212660 | 2596 | SH |  | SOLE |  | 2596 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 265340 | 3830 | SH |  | SOLE |  | 3830 | 0 | 0 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 525490 | 10720 | SH |  | SOLE |  | 10720 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 | BBG00Z6DX607 | 863420 | 7865 | SH |  | SOLE |  | 7865 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG001S5QZZ1 | 270280 | 1887 | SH |  | SOLE |  | 1887 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 9407990 | 55452 | SH |  | SOLE |  | 55452 | 0 | 0 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 220720 | 4757 | SH |  | SOLE |  | 4757 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 1305040 | 3664 | SH |  | SOLE |  | 3664 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 346390 | 1485 | SH |  | SOLE |  | 1485 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 | BBG001S8SWQ0 | 288590 | 6152 | SH |  | SOLE |  | 6152 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 435050 | 9364 | SH |  | SOLE |  | 9364 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 293420 | 5792 | SH |  | SOLE |  | 5792 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 309470 | 5548 | SH |  | SOLE |  | 5548 | 0 | 0 |
| FLEXTRONICS INTL LTD | ORD | Y2573F102 | BBG001SC5SP6 | 201090 | 3072 | SH |  | SOLE |  | 3072 | 0 | 0 |
| FORD MTR CO | COM | 345370860 | BBG001S5TZ33 | 1421830 | 123209 | SH |  | SOLE |  | 123209 | 0 | 0 |
| FORTIS INC | COM | 349553107 | BBG001S5YVM5 | 54567830 | 981216 | SH |  | SOLE |  | 981216 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 | BBG001STGSR5 | 617540 | 2502 | SH |  | SOLE |  | 2502 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 633770 | 10782 | SH |  | SOLE |  | 10782 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 | BBG0120SWLT9 | 461450 | 25011 | SH |  | SOLE |  | 25011 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 580880 | 2047 | SH |  | SOLE |  | 2047 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 223580 | 3141 | SH |  | SOLE |  | 3141 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 499300 | 572 | SH |  | SOLE |  | 572 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 827500 | 2411 | SH |  | SOLE |  | 2411 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 | BBG001S5RKR2 | 442360 | 11885 | SH |  | SOLE |  | 11885 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 2304960 | 30939 | SH |  | SOLE |  | 30939 | 0 | 0 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 14146240 | 647425 | SH |  | SOLE |  | 647425 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 1182690 | 8486 | SH |  | SOLE |  | 8486 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 | BBG001SGS2Z8 | 279090 | 4147 | SH |  | SOLE |  | 4147 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 | BBG001T8JBX7 | 374120 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 1724130 | 2038 | SH |  | SOLE |  | 2038 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 | BBG001S5RQ62 | 97870 | 14761 | SH |  | SOLE |  | 14761 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 | BBG018GZNDB0 | 4741660 | 473692 | SH |  | SOLE |  | 473692 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 | BBG001S5RS59 | 791690 | 20305 | SH |  | SOLE |  | 20305 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG001S8PXF3 | 291290 | 2154 | SH |  | SOLE |  | 2154 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 694240 | 1467 | SH |  | SOLE |  | 1467 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | BBG011N571V5 | 60160 | 13049 | SH |  | SOLE |  | 13049 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | BBG0078W3NP4 | 580540 | 24382 | SH |  | SOLE |  | 24382 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2269 | 392930 | 6298 | SH |  | SOLE |  | 6298 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 2029250 | 6170 | SH |  | SOLE |  | 6170 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 973060 | 4305 | SH |  | SOLE |  | 4305 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJH69 | 336010 | 1458 | SH |  | SOLE |  | 1458 | 0 | 0 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 447670 | 23304 | SH |  | SOLE |  | 23304 | 0 | 0 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 3970580 | 8091 | SH |  | SOLE |  | 8091 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 666160 | 3842 | SH |  | SOLE |  | 3842 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 | BBG001S5SFY4 | 213810 | 1009 | SH |  | SOLE |  | 1009 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 238210 | 15221 | SH |  | SOLE |  | 15221 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 | BBG001SKWX22 | 145410 | 10925 | SH |  | SOLE |  | 10925 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 430520 | 1654 | SH |  | SOLE |  | 1654 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 | BBG001S5T1N6 | 1175080 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 3836880 | 86945 | SH |  | SOLE |  | 86945 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 310310 | 1973 | SH |  | SOLE |  | 1973 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2011110 | 8297 | SH |  | SOLE |  | 8297 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 | BBG001S5SBF4 | 265070 | 7425 | SH |  | SOLE |  | 7425 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 292290 | 676 | SH |  | SOLE |  | 676 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 | BBG00XS6PBW6 | 603550 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 | BBG001SS8729 | 2002290 | 28645 | SH |  | SOLE |  | 28645 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI EMRGNG MRKT | 46138E727 | BBG001SSJYS0 | 16679140 | 619812 | SH |  | SOLE |  | 619812 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 5509870 | 115924 | SH |  | SOLE |  | 115924 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 | BBG001SPSDJ2 | 265590 | 5790 | SH |  | SOLE |  | 5790 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 14987030 | 78090 | SH |  | SOLE |  | 78090 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 265500 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 229380 | 1345 | SH |  | SOLE |  | 1345 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 232830 | 6060 | SH |  | SOLE |  | 6060 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 1069620 | 15335 | SH |  | SOLE |  | 15335 | 0 | 0 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 | BBG001S8SYN9 | 1222690 | 14480 | SH |  | SOLE |  | 14480 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 | BBG002D9R378 | 1181470 | 6563 | SH |  | SOLE |  | 6563 | 0 | 0 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 | BBG003HC6JD6 | 262900 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 3271930 | 5009 | SH |  | SOLE |  | 5009 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 825730 | 8318 | SH |  | SOLE |  | 8318 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 515090 | 4726 | SH |  | SOLE |  | 4726 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 | BBG001SSD8B1 | 270610 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 379830 | 2745 | SH |  | SOLE |  | 2745 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 728480 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 319900 | 5633 | SH |  | SOLE |  | 5633 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 626570 | 6760 | SH |  | SOLE |  | 6760 | 0 | 0 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 | BBG001SSD803 | 1153470 | 10449 | SH |  | SOLE |  | 10449 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 | BBG001SFB7Z7 | 435410 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG001S7RB70 | 263240 | 991 | SH |  | SOLE |  | 991 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 36865510 | 289641 | SH |  | SOLE |  | 289641 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 3941110 | 16123 | SH |  | SOLE |  | 16123 | 0 | 0 |
| JOHNSON CONTROLS INTERNATION | SHS | G51502105 | BBG001S5WZ84 | 421920 | 3222 | SH |  | SOLE |  | 3222 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 27646920 | 93986 | SH |  | SOLE |  | 93986 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X614 | 279510 | 16213 | SH |  | SOLE |  | 16213 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG001ST5W34 | 270460 | 10272 | SH |  | SOLE |  | 10272 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | BBG0059FN820 | 228720 | 810 | SH |  | SOLE |  | 810 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 258500 | 2680 | SH |  | SOLE |  | 2680 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 612560 | 18269 | SH |  | SOLE |  | 18269 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 485900 | 330 | SH |  | SOLE |  | 330 | 0 | 0 |
| KOHLS CORP | COM | 500255104 | BBG001S71NV5 | 181340 | 14057 | SH |  | SOLE |  | 14057 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 432600 | 19235 | SH |  | SOLE |  | 19235 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 903340 | 12484 | SH |  | SOLE |  | 12484 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 587450 | 1702 | SH |  | SOLE |  | 1702 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 307370 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 977920 | 4577 | SH |  | SOLE |  | 4577 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 | BBG001T60092 | 232230 | 1918 | SH |  | SOLE |  | 1918 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 366120 | 4216 | SH |  | SOLE |  | 4216 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 1431800 | 2369 | SH |  | SOLE |  | 2369 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 1291270 | 5465 | SH |  | SOLE |  | 5465 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG001STBM75 | 11069130 | 72300 | SH |  | SOLE |  | 72300 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 | BBG001S5Q8G2 | 549970 | 79132 | SH |  | SOLE |  | 79132 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 | BBG001T8LMY9 | 789730 | 9803 | SH |  | SOLE |  | 9803 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 234630 | 1135 | SH |  | SOLE |  | 1135 | 0 | 0 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 253910 | 14036 | SH |  | SOLE |  | 14036 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG001S76KD6 | 14291560 | 416206 | SH |  | SOLE |  | 416206 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 2401510 | 9835 | SH |  | SOLE |  | 9835 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 28129000 | 86003 | SH |  | SOLE |  | 86003 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 894890 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG001S79S19 | 2075000 | 41138 | SH |  | SOLE |  | 41138 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1116670 | 3593 | SH |  | SOLE |  | 3593 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 450850 | 521 | SH |  | SOLE |  | 521 | 0 | 0 |
| MEDICAL PROPERTIES TRUST INC | COM | 58463J304 | BBG001S7WM61 | 61580 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 992320 | 11452 | SH |  | SOLE |  | 11452 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 3110510 | 1799 | SH |  | SOLE |  | 1799 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 2363940 | 19652 | SH |  | SOLE |  | 19652 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 4454030 | 7785 | SH |  | SOLE |  | 7785 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 502250 | 7102 | SH |  | SOLE |  | 7102 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 | BBG001S787B5 | 262060 | 4056 | SH |  | SOLE |  | 4056 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 6652070 | 19690 | SH |  | SOLE |  | 19690 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 46340840 | 125188 | SH |  | SOLE |  | 125188 | 0 | 0 |
| MODERNA INC | COM | 60770K107 | BBG003PHHZV8 | 531520 | 10463 | SH |  | SOLE |  | 10463 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 747530 | 12969 | SH |  | SOLE |  | 12969 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1199550 | 7289 | SH |  | SOLE |  | 7289 | 0 | 0 |
| MOSAIC CO | COM | 61945C103 | BBG001S7LJN1 | 275730 | 10813 | SH |  | SOLE |  | 10813 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 18756620 | 43221 | SH |  | SOLE |  | 43221 | 0 | 0 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 | BBG001SD9VH2 | 6321140 | 74718 | SH |  | SOLE |  | 74718 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 | BBG001SF6L46 | 12167300 | 126545 | SH |  | SOLE |  | 126545 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 | BBG001S5TSW7 | 91060 | 26548 | SH |  | SOLE |  | 26548 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 1050130 | 9701 | SH |  | SOLE |  | 9701 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 3204270 | 34499 | SH |  | SOLE |  | 34499 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 | BBG00835TQ17 | 545250 | 4523 | SH |  | SOLE |  | 4523 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 631360 | 11953 | SH |  | SOLE |  | 11953 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 557350 | 1942 | SH |  | SOLE |  | 1942 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 | BBG001S5TRG7 | 202930 | 1454 | SH |  | SOLE |  | 1454 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 710210 | 1041 | SH |  | SOLE |  | 1041 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 934110 | 5524 | SH |  | SOLE |  | 5524 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 344330 | 4576 | SH |  | SOLE |  | 4576 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 39323890 | 225481 | SH |  | SOLE |  | 225481 | 0 | 0 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 204280 | 31 | SH |  | SOLE |  | 31 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 823620 | 12671 | SH |  | SOLE |  | 12671 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 | BBG001S6WQT9 | 213180 | 1091 | SH |  | SOLE |  | 1091 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG001S5TWW8 | 212270 | 7140 | SH |  | SOLE |  | 7140 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 313290 | 4160 | SH |  | SOLE |  | 4160 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | BBG001SF7RS6 | 222790 | 3598 | SH |  | SOLE |  | 3598 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 422930 | 4679 | SH |  | SOLE |  | 4679 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 | BBG001SBS5H2 | 373670 | 16812 | SH |  | SOLE |  | 16812 | 0 | 0 |
| OPTIMUM COMMUNICATIONS INC | CL A | 02156K103 | BBG00GFMPS82 | 31720 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 919580 | 6251 | SH |  | SOLE |  | 6251 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 298440 | 3233 | SH |  | SOLE |  | 3233 | 0 | 0 |
| ORGANIGRAM GLOBAL INC | COM | 68617J100 | BBG002003J54 | 95670 | 72171 | SH |  | SOLE |  | 72171 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 | BBG00ZQRGW42 | 89780 | 14989 | SH |  | SOLE |  | 14989 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 | BBG00R2NHQ74 | 493100 | 8307 | SH |  | SOLE |  | 8307 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG001S5V1S8 | 522640 | 4525 | SH |  | SOLE |  | 4525 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 336610 | 376 | SH |  | SOLE |  | 376 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 | BBG001S7GWF7 | 109550 | 10115 | SH |  | SOLE |  | 10115 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 202300 | 2196 | SH |  | SOLE |  | 2196 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 460890 | 10190 | SH |  | SOLE |  | 10190 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 | BBG002832HM6 | 452100 | 9494 | SH |  | SOLE |  | 9494 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 | BBG001SB0CJ5 | 11228990 | 251656 | SH |  | SOLE |  | 251656 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1688000 | 10870 | SH |  | SOLE |  | 10870 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 | BBG009XW2WC7 | 203190 | 2372 | SH |  | SOLE |  | 2372 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2646290 | 94241 | SH |  | SOLE |  | 94241 | 0 | 0 |
| PG CORP | COM | 69331C108 | BBG001S5V206 | 325200 | 18509 | SH |  | SOLE |  | 18509 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 1490370 | 9014 | SH |  | SOLE |  | 9014 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 1783910 | 9792 | SH |  | SOLE |  | 9792 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 707710 | 3401 | SH |  | SOLE |  | 3401 | 0 | 0 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 248820 | 2328 | SH |  | SOLE |  | 2328 | 0 | 0 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 271450 | 7106 | SH |  | SOLE |  | 7106 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 335230 | 3719 | SH |  | SOLE |  | 3719 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 247620 | 2748 | SH |  | SOLE |  | 2748 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 13364310 | 92525 | SH |  | SOLE |  | 92525 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 469630 | 2369 | SH |  | SOLE |  | 2369 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 390720 | 2956 | SH |  | SOLE |  | 2956 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 402190 | 4117 | SH |  | SOLE |  | 4117 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 | BBG001S5V3C1 | 287050 | 3546 | SH |  | SOLE |  | 3546 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 | BBG001S5V5K7 | 352830 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 | BBG01TRL7564 | 444440 | 3852 | SH |  | SOLE |  | 3852 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 956320 | 7426 | SH |  | SOLE |  | 7426 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 365650 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG001S9GX43 | 209500 | 1069 | SH |  | SOLE |  | 1069 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 | BBG001SBQWW8 | 57338020 | 599791 | SH |  | SOLE |  | 599791 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 | BBG015RGX648 | 242370 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 555530 | 719 | SH |  | SOLE |  | 719 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 221580 | 8483 | SH |  | SOLE |  | 8483 | 0 | 0 |
| RELIANCE INC | COM | 759509102 | BBG001S81M27 | 294800 | 970 | SH |  | SOLE |  | 970 | 0 | 0 |
| RELX PLC | SPONSORED ADR | 759530108 | BBG001S898V8 | 388650 | 11724 | SH |  | SOLE |  | 11724 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 | BBG0076WG2T4 | 51126400 | 693116 | SH |  | SOLE |  | 693116 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 11211690 | 120181 | SH |  | SOLE |  | 120181 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 206000 | 574 | SH |  | SOLE |  | 574 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 | BBG001S604S4 | 429100 | 11193 | SH |  | SOLE |  | 11193 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 478970 | 2211 | SH |  | SOLE |  | 2211 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG001S60869 | 89190040 | 553471 | SH |  | SOLE |  | 553471 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 1602420 | 8307 | SH |  | SOLE |  | 8307 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 465750 | 1095 | SH |  | SOLE |  | 1095 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 650920 | 3487 | SH |  | SOLE |  | 3487 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 | BBG01R388JK6 | 528250 | 831 | SH |  | SOLE |  | 831 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 24612460 | 143756 | SH |  | SOLE |  | 143756 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 1782710 | 18969 | SH |  | SOLE |  | 18969 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 1787660 | 36535 | SH |  | SOLE |  | 36535 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | BBG0051J0PJ9 | 4319450 | 155097 | SH |  | SOLE |  | 155097 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 | BBG0051NXNX3 | 521830 | 16091 | SH |  | SOLE |  | 16091 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | BBG0113JGQG9 | 409000 | 1044 | SH |  | SOLE |  | 1044 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 438530 | 4513 | SH |  | SOLE |  | 4513 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 254840 | 795 | SH |  | SOLE |  | 795 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 | BBG00YQ82328 | 864220 | 131340 | SH |  | SOLE |  | 131340 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 271610 | 2296 | SH |  | SOLE |  | 2296 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | BBG001S77WM9 | 255550 | 1370 | SH |  | SOLE |  | 1370 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 | BBG001S5W4C8 | 843260 | 16409 | SH |  | SOLE |  | 16409 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 | BBG01N6BVR30 | 246360 | 7429 | SH |  | SOLE |  | 7429 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 782010 | 8102 | SH |  | SOLE |  | 8102 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 1449220 | 3368 | SH |  | SOLE |  | 3368 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 | BBG001STKCW9 | 307910 | 3360 | SH |  | SOLE |  | 3360 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 | BBG00JPZ8T56 | 241040 | 4822 | SH |  | SOLE |  | 4822 | 0 | 0 |
| STAGWELL INC | COM CL A | 85256A109 | BBG00ZV0HW08 | 12829590 | 2039680 | SH |  | SOLE |  | 2039680 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 214890 | 3024 | SH |  | SOLE |  | 3024 | 0 | 0 |
| STANTEC INC | COM | 85472N109 | BBG001S6JJQ3 | 14108730 | 163724 | SH |  | SOLE |  | 163724 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 645680 | 7207 | SH |  | SOLE |  | 7207 | 0 | 0 |
| STATE STR CORP | COM | 857477103 | BBG001S5RLD5 | 422330 | 3337 | SH |  | SOLE |  | 3337 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 | BBG001S72SM3 | 737490 | 1134 | SH |  | SOLE |  | 1134 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 459360 | 2552 | SH |  | SOLE |  | 2552 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 639110 | 1945 | SH |  | SOLE |  | 1945 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 | BBG001S7XWH6 | 1547040 | 24773 | SH |  | SOLE |  | 24773 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 9183390 | 139288 | SH |  | SOLE |  | 139288 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 610550 | 8976 | SH |  | SOLE |  | 8976 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 308790 | 4329 | SH |  | SOLE |  | 4329 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 1368700 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 | BBG001SFH7D5 | 203170 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 | BBG001TC94B9 | 276300 | 1102 | SH |  | SOLE |  | 1102 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 1395250 | 11512 | SH |  | SOLE |  | 11512 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 1125800 | 18036 | SH |  | SOLE |  | 18036 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 | BBG001SFQWB2 | 259640 | 1539 | SH |  | SOLE |  | 1539 | 0 | 0 |
| TERADYNE INC | COM | 880770102 | BBG001S5WMZ3 | 260290 | 878 | SH |  | SOLE |  | 878 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 8134630 | 21882 | SH |  | SOLE |  | 21882 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 951090 | 4899 | SH |  | SOLE |  | 4899 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 1692530 | 6345 | SH |  | SOLE |  | 6345 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1009600 | 2054 | SH |  | SOLE |  | 2054 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 | BBG001S5WSW3 | 9649280 | 107248 | SH |  | SOLE |  | 107248 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 701720 | 4394 | SH |  | SOLE |  | 4394 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 667900 | 3180 | SH |  | SOLE |  | 3180 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG001S60L15 | 53319980 | 572742 | SH |  | SOLE |  | 572742 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 703900 | 10717 | SH |  | SOLE |  | 10717 | 0 | 0 |
| TRANSFORCE INC | COM | 87241L109 | BBG001SCQG15 | 5216560 | 48078 | SH |  | SOLE |  | 48078 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 521520 | 1788 | SH |  | SOLE |  | 1788 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 649790 | 14135 | SH |  | SOLE |  | 14135 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 607190 | 9477 | SH |  | SOLE |  | 9477 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 645860 | 8979 | SH |  | SOLE |  | 8979 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1863810 | 7682 | SH |  | SOLE |  | 7682 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 | BBG001SDGSH1 | 1151730 | 11707 | SH |  | SOLE |  | 11707 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 302350 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 3451920 | 12757 | SH |  | SOLE |  | 12757 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 | BBG001S6T8C1 | 848130 | 16307 | SH |  | SOLE |  | 16307 | 0 | 0 |
| US FOODS HLDG CORP | COM | 912008109 | BBG00C6H6D59 | 246850 | 2677 | SH |  | SOLE |  | 2677 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 2469320 | 9994 | SH |  | SOLE |  | 9994 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 1698110 | 18504 | SH |  | SOLE |  | 18504 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 9980280 | 16702 | SH |  | SOLE |  | 16702 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 233540 | 1075 | SH |  | SOLE |  | 1075 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 1397080 | 5334 | SH |  | SOLE |  | 5334 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1523850 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 485720 | 2475 | SH |  | SOLE |  | 2475 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 864690 | 10490 | SH |  | SOLE |  | 10490 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 6036730 | 28070 | SH |  | SOLE |  | 28070 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 6173790 | 96345 | SH |  | SOLE |  | 96345 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 4027300 | 80225 | SH |  | SOLE |  | 80225 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 303200 | 679 | SH |  | SOLE |  | 679 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 450650 | 33357 | SH |  | SOLE |  | 33357 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 38209480 | 126421 | SH |  | SOLE |  | 126421 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 225190 | 1498 | SH |  | SOLE |  | 1498 | 0 | 0 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 277650 | 1111 | SH |  | SOLE |  | 1111 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 3978130 | 32012 | SH |  | SOLE |  | 32012 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 1241330 | 45205 | SH |  | SOLE |  | 45205 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 30782630 | 190066 | SH |  | SOLE |  | 190066 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 16152170 | 70291 | SH |  | SOLE |  | 70291 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 25215050 | 217803 | SH |  | SOLE |  | 217803 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 | BBG001S5XF23 | 3086320 | 38768 | SH |  | SOLE |  | 38768 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 264140 | 1336 | SH |  | SOLE |  | 1336 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 | BBG001S5XD28 | 516640 | 1910 | SH |  | SOLE |  | 1910 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 | BBG001SR0YK0 | 107700 | 12337 | SH |  | SOLE |  | 12337 | 0 | 0 |
| WEYERHAEUSER CO | COM NEW | 962166104 | BBG001S5XL11 | 290620 | 11896 | SH |  | SOLE |  | 11896 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | BBG001S6DSP0 | 225050 | 1720 | SH |  | SOLE |  | 1720 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 483620 | 6645 | SH |  | SOLE |  | 6645 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG001SHY2Q9 | 29280760 | 100725 | SH |  | SOLE |  | 100725 | 0 | 0 |
| WISDOMTREE TR | INTL QULTY DIV | 97717X131 | BBG00CMD6MV1 | 268860 | 6698 | SH |  | SOLE |  | 6698 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 | BBG004LMH3Z6 | 446230 | 5080 | SH |  | SOLE |  | 5080 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 | BBG001S5RRD2 | 345790 | 317 | SH |  | SOLE |  | 317 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 360900 | 4543 | SH |  | SOLE |  | 4543 | 0 | 0 |
| XEROX HOLDINGS CORP | *W EXP 02/11/202 | 98421M114 |  | 1090 | 12022 | SH |  | SOLE |  | 12022 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 | BBG00NNG2ZK6 | 41490 | 32162 | SH |  | SOLE |  | 32162 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 218760 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 | BBG00YQ7XRV1 | 326420 | 12388 | SH |  | SOLE |  | 12388 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 17719090 | 149895 | SH |  | SOLE |  | 149895 | 0 | 0 |

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