# EDGAR Filing Document

**Accession Number:** 0002033536
**File Stem:** 0002033536-25-000027
**Filing Date:** 2025-7
**Character Count:** 25072
**Document Hash:** 3cfcf81c0cc81556e8697133c371d8d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002033536-25-000027.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0002033536-25-000027

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20140930

**FILED AS OF DATE**: 20250708

**DATE AS OF CHANGE**: 20250708

**EFFECTIVENESS DATE**: 20250708

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northwest & Ethical Investments L.P.
- **CENTRAL INDEX KEY:** 0002033536

**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:** 028-24321
- **FILM NUMBER:** 251110359

**BUSINESS ADDRESS:**
- **STREET 1:** 151 YONGE STREET
- **STREET 2:** SUITE 1200
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5C 2W7
- **BUSINESS PHONE:** 4165946633

**MAIL ADDRESS:**
- **STREET 1:** 151 YONGE STREET
- **STREET 2:** SUITE 1200
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5C 2W7

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2014

**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:** Northwest  Ethical Investments L.P.<br>**Address:** 151 YONGE STREET<br>SUITE 1200<br>TORONTO, A6 M5C 2W7

**Form 13F File Number:** 028-24321

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 Administrative Office<br>**Phone:** 6472899343

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

John H. Bai  Toronto, A6  07-02-2025<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:** 219

**Form 13F Information Table Value Total:** $1497962355

      (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 |
| ABM INDS INC | COM | 000957100 |  | 803016 | 31258 | SH |  | SOLE |  | 31258 | 0 | 0 |
| THE ADT CORPORATION | COM | 00101J106 |  | 7605034 | 214468 | SH |  | SOLE |  | 214468 | 0 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 7577657 | 129710 | SH |  | SOLE |  | 129710 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1651779 | 57157 | SH |  | SOLE |  | 57157 | 0 | 0 |
| AGRIUM INC | COM | 008916108 |  | 6377952 | 71800 | SH |  | SOLE |  | 71800 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 112928 | 1271 | SH |  | SOLE |  | 1271 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 4213450 | 643275 | SH |  | SOLE |  | 643275 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 4074198 | 46541 | SH |  | SOLE |  | 46541 | 0 | 0 |
| AMERIGAS PARTNERS L P | UNIT L P INT | 030975106 |  | 2842398 | 62306 | SH |  | SOLE |  | 62306 | 0 | 0 |
| APACHE CORP | COM | 037411105 |  | 9791579 | 104310 | SH |  | SOLE |  | 104310 | 0 | 0 |
| APOLLO ED GROUP INC | CL A | 037604105 |  | 2078144 | 82630 | SH |  | SOLE |  | 82630 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2939078 | 29172 | SH |  | SOLE |  | 29172 | 0 | 0 |
| ATLANTIC TELE NETWORK INC | COM NEW | 049079205 |  | 777452 | 14424 | SH |  | SOLE |  | 14424 | 0 | 0 |
| BB CORP | COM | 054937107 |  | 5149863 | 138400 | SH |  | SOLE |  | 138400 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 13066562 | 305805 | SH |  | SOLE |  | 305805 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 1702446 | 38736 | SH |  | SOLE |  | 38736 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 157342 | 721 | SH |  | SOLE |  | 721 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 4809803 | 282100 | SH |  | SOLE |  | 282100 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 6501439 | 88400 | SH |  | SOLE |  | 88400 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2140296 | 55262 | SH |  | SOLE |  | 55262 | 0 | 0 |
| BANK N S HALIFAX | COM | 064149107 |  | 72827640 | 1178363 | SH |  | SOLE |  | 1178363 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 42990230 | 599000 | SH |  | SOLE |  | 599000 | 0 | 0 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 2680881 | 70950 | SH |  | SOLE |  | 70950 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 4772165 | 41931 | SH |  | SOLE |  | 41931 | 0 | 0 |
| BEMIS INC | COM | 081437105 |  | 12952386 | 340673 | SH |  | SOLE |  | 340673 | 0 | 0 |
| BIOMED REALTY TRUST INC | COM | 09063H107 |  | 303807 | 15040 | SH |  | SOLE |  | 15040 | 0 | 0 |
| BLACKBERRY LTD | COM | 09228F103 |  | 714128 | 71720 | SH |  | SOLE |  | 71720 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 2646915 | 8062 | SH |  | SOLE |  | 8062 | 0 | 0 |
| BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 |  | 2965415 | 94200 | SH |  | SOLE |  | 94200 | 0 | 0 |
| BOB EVANS FARMS INC | COM | 096761101 |  | 4091547 | 86429 | SH |  | SOLE |  | 86429 | 0 | 0 |
| CIGNA CORPORATION | COM | 125509109 |  | 2276319 | 25100 | SH |  | SOLE |  | 25100 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 4330122 | 54157 | SH |  | SOLE |  | 54157 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 698022 | 26561 | SH |  | SOLE |  | 26561 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 9208561 | 115700 | SH |  | SOLE |  | 115700 | 0 | 0 |
| CA INC | COM | 12673P105 |  | 2808192 | 100508 | SH |  | SOLE |  | 100508 | 0 | 0 |
| CAMERON INTERNATIONAL CORP | COM | 13342B105 |  | 10397762 | 156640 | SH |  | SOLE |  | 156640 | 0 | 0 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 41946521 | 467379 | SH |  | SOLE |  | 467379 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 36617169 | 516168 | SH |  | SOLE |  | 516168 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 58707372 | 1512278 | SH |  | SOLE |  | 1512278 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 22410489 | 226300 | SH |  | SOLE |  | 226300 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 475150 | 36438 | SH |  | SOLE |  | 36438 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 12034877 | 447683 | SH |  | SOLE |  | 447683 | 0 | 0 |
| CERNER CORP | COM | 156782104 |  | 11313534 | 189920 | SH |  | SOLE |  | 189920 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167107 |  | 2828919 | 123050 | SH |  | SOLE |  | 123050 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 4625678 | 38767 | SH |  | SOLE |  | 38767 | 0 | 0 |
| CINEMARK HOLDINGS INC | COM | 17243V102 |  | 3248266 | 95425 | SH |  | SOLE |  | 95425 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3333631 | 64331 | SH |  | SOLE |  | 64331 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 7288460 | 170850 | SH |  | SOLE |  | 170850 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 141875 | 3169 | SH |  | SOLE |  | 3169 | 0 | 0 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 883421 | 10482 | SH |  | SOLE |  | 10482 | 0 | 0 |
| COMPASS DIVERSIFIED HOLDINGS | SH BEN INT | 20451Q104 |  | 773906 | 44198 | SH |  | SOLE |  | 44198 | 0 | 0 |
| CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 |  | 303752 | 11810 | SH |  | SOLE |  | 11810 | 0 | 0 |
| COVANTA HLDG CORP | COM | 22282E102 |  | 5359194 | 252554 | SH |  | SOLE |  | 252554 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 3775851 | 104700 | SH |  | SOLE |  | 104700 | 0 | 0 |
| CYRUSONE INC | COM | 23283R100 |  | 1624814 | 67588 | SH |  | SOLE |  | 67588 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 341217 | 5470 | SH |  | SOLE |  | 5470 | 0 | 0 |
| DIRECTV | COM | 25490A309 |  | 4470487 | 51670 | SH |  | SOLE |  | 51670 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 328804 | 6257 | SH |  | SOLE |  | 6257 | 0 | 0 |
| DOMTAR CORP | COM NEW | 257559203 |  | 17741013 | 505700 | SH |  | SOLE |  | 505700 | 0 | 0 |
| DR PEPPER SNAPPLE GROUP INC | COM | 26138E109 |  | 3334343 | 51848 | SH |  | SOLE |  | 51848 | 0 | 0 |
| E M C CORP MASS | COM | 268648102 |  | 13468084 | 460290 | SH |  | SOLE |  | 460290 | 0 | 0 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 18191250 | 385000 | SH |  | SOLE |  | 385000 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1961585 | 19810 | SH |  | SOLE |  | 19810 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 9939697 | 175520 | SH |  | SOLE |  | 175520 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 6925432 | 194480 | SH |  | SOLE |  | 194480 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 3185758 | 50907 | SH |  | SOLE |  | 50907 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 2826866 | 59100 | SH |  | SOLE |  | 59100 | 0 | 0 |
| ENERGIZER HLDGS INC | COM | 29266R108 |  | 7009786 | 56893 | SH |  | SOLE |  | 56893 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1372973 | 18370 | SH |  | SOLE |  | 18370 | 0 | 0 |
| EVERTEC INC | COM | 30040P103 |  | 3256948 | 145790 | SH |  | SOLE |  | 145790 | 0 | 0 |
| EXPRESS SCRIPTS HLDG CO | COM | 30219G108 |  | 5451223 | 77180 | SH |  | SOLE |  | 77180 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 2451820 | 31020 | SH |  | SOLE |  | 31020 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 6864311 | 152880 | SH |  | SOLE |  | 152880 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 2163694 | 85640 | SH |  | SOLE |  | 85640 | 0 | 0 |
| FORTUNA SILVER MINES INC | COM | 349915108 |  | 4456253 | 1104993 | SH |  | SOLE |  | 1104993 | 0 | 0 |
| FRANCO NEVADA CORP | COM | 351858105 |  | 576036 | 11745 | SH |  | SOLE |  | 11745 | 0 | 0 |
| GEO GROUP INC | COM | 36159R103 |  | 3330299 | 87135 | SH |  | SOLE |  | 87135 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 200539 | 5247 | SH |  | SOLE |  | 5247 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 2872001 | 112100 | SH |  | SOLE |  | 112100 | 0 | 0 |
| GENERAL GROWTH PPTYS INC NEW | COM | 370023103 |  | 3710254 | 157548 | SH |  | SOLE |  | 157548 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 4634554 | 84779 | SH |  | SOLE |  | 84779 | 0 | 0 |
| GOLDCORP INC NEW | COM | 380956409 |  | 9081232 | 394200 | SH |  | SOLE |  | 394200 | 0 | 0 |
| GOOGLE INC | CL A | 38259P508 |  | 5554590 | 9440 | SH |  | SOLE |  | 9440 | 0 | 0 |
| GOOGLE INC | CL C | 38259P706 |  | 5531108 | 9580 | SH |  | SOLE |  | 9580 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 12272821 | 357097 | SH |  | SOLE |  | 357097 | 0 | 0 |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 |  | 644480 | 13836 | SH |  | SOLE |  | 13836 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 4654445 | 84634 | SH |  | SOLE |  | 84634 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 8128497 | 86180 | SH |  | SOLE |  | 86180 | 0 | 0 |
| HOMEAWAY INC | COM | 43739Q100 |  | 1175049 | 33100 | SH |  | SOLE |  | 33100 | 0 | 0 |
| HOSPIRA INC | COM | 441060100 |  | 2601499 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| HOWARD HUGHES CORP | COM | 44267D107 |  | 3187799 | 21252 | SH |  | SOLE |  | 21252 | 0 | 0 |
| ICICI BK LTD | ADR | 45104G104 |  | 870199 | 17723 | SH |  | SOLE |  | 17723 | 0 | 0 |
| IDREAMSKY TECHNOLOGY LIMITED | SPONSORED ADS | 45173K101 |  | 72359 | 4254 | SH |  | SOLE |  | 4254 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 2791345 | 36830 | SH |  | SOLE |  | 36830 | 0 | 0 |
| INNOPHOS HOLDINGS INC | COM | 45774N108 |  | 1371244 | 24891 | SH |  | SOLE |  | 24891 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 6900905 | 198188 | SH |  | SOLE |  | 198188 | 0 | 0 |
| IRON MTN INC | COM | 462846106 |  | 5246887 | 160701 | SH |  | SOLE |  | 160701 | 0 | 0 |
| ITAU UNIBANCO HLDG SA | SPON ADR REP PFD | 465562106 |  | 657161 | 47346 | SH |  | SOLE |  | 47346 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 7899752 | 131138 | SH |  | SOLE |  | 131138 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 8700940 | 81630 | SH |  | SOLE |  | 81630 | 0 | 0 |
| JOY GLOBAL INC | COM | 481165108 |  | 3773076 | 69180 | SH |  | SOLE |  | 69180 | 0 | 0 |
| J2 GLOBAL INC | COM | 48123V102 |  | 2966880 | 60107 | SH |  | SOLE |  | 60107 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 10154223 | 458430 | SH |  | SOLE |  | 458430 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 4134452 | 38435 | SH |  | SOLE |  | 38435 | 0 | 0 |
| KNOWLES CORP | COM | 49926D109 |  | 2265749 | 85500 | SH |  | SOLE |  | 85500 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 4915844 | 80548 | SH |  | SOLE |  | 80548 | 0 | 0 |
| KONINKLIJKE PHILIPS N V | NY REG SH NEW | 500472303 |  | 18129811 | 571738 | SH |  | SOLE |  | 571738 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 1485761 | 23883 | SH |  | SOLE |  | 23883 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 1052681 | 27110 | SH |  | SOLE |  | 27110 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 18209879 | 280800 | SH |  | SOLE |  | 280800 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 3789302 | 90200 | SH |  | SOLE |  | 90200 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 4232269 | 90010 | SH |  | SOLE |  | 90010 | 0 | 0 |
| MADISON SQUARE GARDEN CO | CL A | 55826P100 |  | 1603409 | 24250 | SH |  | SOLE |  | 24250 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 11202473 | 118116 | SH |  | SOLE |  | 118116 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 30127927 | 1567659 | SH |  | SOLE |  | 1567659 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 5360677 | 72520 | SH |  | SOLE |  | 72520 | 0 | 0 |
| MEAD JOHNSON NUTRITION CO | COM | 582839106 |  | 5819384 | 60480 | SH |  | SOLE |  | 60480 | 0 | 0 |
| MELCO CROWN ENTMT LTD | ADR | 585464100 |  | 197174 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| MEMORIAL PRODTN PARTNERS LP | COM U REP LTD | 586048100 |  | 1937979 | 88090 | SH |  | SOLE |  | 88090 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 10474776 | 176700 | SH |  | SOLE |  | 176700 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 3567007 | 66400 | SH |  | SOLE |  | 66400 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 11660280 | 251516 | SH |  | SOLE |  | 251516 | 0 | 0 |
| MITEL NETWORKS CORP | COM | 60671Q104 |  | 10697092 | 1170830 | SH |  | SOLE |  | 1170830 | 0 | 0 |
| MOLSON COORS BREWING CO | CL B | 60871R209 |  | 4332109 | 58196 | SH |  | SOLE |  | 58196 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3124021 | 90368 | SH |  | SOLE |  | 90368 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 5886988 | 132560 | SH |  | SOLE |  | 132560 | 0 | 0 |
| MYERS INDS INC | COM | 628464109 |  | 886621 | 50262 | SH |  | SOLE |  | 50262 | 0 | 0 |
| NATIONAL CINEMEDIA INC | COM | 635309107 |  | 1055326 | 72731 | SH |  | SOLE |  | 72731 | 0 | 0 |
| NATIONAL FUEL GAS CO N J | COM | 636180101 |  | 6722259 | 96046 | SH |  | SOLE |  | 96046 | 0 | 0 |
| NATIONAL OILWELL VARCO INC | COM | 637071101 |  | 4550702 | 59799 | SH |  | SOLE |  | 59799 | 0 | 0 |
| NEXSTAR BROADCASTING GROUP I | CL A | 65336K103 |  | 1011712 | 25030 | SH |  | SOLE |  | 25030 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 2356783 | 43419 | SH |  | SOLE |  | 43419 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 6950201 | 72285 | SH |  | SOLE |  | 72285 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 9451331 | 246900 | SH |  | SOLE |  | 246900 | 0 | 0 |
| OWENS  MINOR INC NEW | COM | 690732102 |  | 2871166 | 87696 | SH |  | SOLE |  | 87696 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 5706901 | 66685 | SH |  | SOLE |  | 66685 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 6713300 | 159480 | SH |  | SOLE |  | 159480 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3044135 | 32701 | SH |  | SOLE |  | 32701 | 0 | 0 |
| PERFORMANCE SPORTS GROUP LTD | COM | 71377G100 |  | 1703570 | 104910 | SH |  | SOLE |  | 104910 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 |  | 2194041 | 147350 | SH |  | SOLE |  | 147350 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 1685741 | 57270 | SH |  | SOLE |  | 57270 | 0 | 0 |
| POTASH CORP SASK INC | COM | 73755L107 |  | 8027267 | 232000 | SH |  | SOLE |  | 232000 | 0 | 0 |
| PRECISION DRILLING CORP | COM 2010 | 74022D308 |  | 2544639 | 235900 | SH |  | SOLE |  | 235900 | 0 | 0 |
| PRICELINE GRP INC | COM NEW | 741503403 |  | 7020994 | 6060 | SH |  | SOLE |  | 6060 | 0 | 0 |
| PRIMERO MNG CORP | COM | 74164W106 |  | 4024388 | 827621 | SH |  | SOLE |  | 827621 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 1982544 | 23675 | SH |  | SOLE |  | 23675 | 0 | 0 |
| QIHOO 360 TECHNOLOGY CO LTD | ADS | 74734M109 |  | 2065863 | 30619 | SH |  | SOLE |  | 30619 | 0 | 0 |
| QIWI PLC | SPON ADR REP B | 74735M108 |  | 286741 | 9077 | SH |  | SOLE |  | 9077 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 12296299 | 164455 | SH |  | SOLE |  | 164455 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 4991536 | 82260 | SH |  | SOLE |  | 82260 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 3850250 | 56780 | SH |  | SOLE |  | 56780 | 0 | 0 |
| REALOGY HLDGS CORP | COM | 75605Y106 |  | 5157407 | 138640 | SH |  | SOLE |  | 138640 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 3567130 | 91418 | SH |  | SOLE |  | 91418 | 0 | 0 |
| REVLON INC | CL A NEW | 761525609 |  | 1109149 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 47363848 | 1266350 | SH |  | SOLE |  | 1266350 | 0 | 0 |
| ROYAL BK CDA MONTREAL QUE | COM | 780087102 |  | 33716281 | 472070 | SH |  | SOLE |  | 472070 | 0 | 0 |
| RYANAIR HLDGS PLC | SPONSORED ADR | 783513104 |  | 2030351 | 35980 | SH |  | SOLE |  | 35980 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 2109735 | 86749 | SH |  | SOLE |  | 86749 | 0 | 0 |
| SCANSOURCE INC | COM | 806037107 |  | 7613258 | 220100 | SH |  | SOLE |  | 220100 | 0 | 0 |
| SEVENTY SEVEN ENERGY INC | COM | 818097107 |  | 208650 | 8789 | SH |  | SOLE |  | 8789 | 0 | 0 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 2387915 | 97500 | SH |  | SOLE |  | 97500 | 0 | 0 |
| SINCLAIR BROADCAST GROUP INC | CL A | 829226109 |  | 2070241 | 79350 | SH |  | SOLE |  | 79350 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1666034 | 28700 | SH |  | SOLE |  | 28700 | 0 | 0 |
| SOCIEDAD QUIMICA MINERA DE C | SPON ADR SER B | 833635105 |  | 715974 | 27390 | SH |  | SOLE |  | 27390 | 0 | 0 |
| SOTHEBYS | COM | 835898107 |  | 1189475 | 33300 | SH |  | SOLE |  | 33300 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 198150 | 6683 | SH |  | SOLE |  | 6683 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 726391 | 11110 | SH |  | SOLE |  | 11110 | 0 | 0 |
| STARZ | COM SER A | 85571Q102 |  | 3612666 | 109210 | SH |  | SOLE |  | 109210 | 0 | 0 |
| SUN LIFE FINL INC | COM | 866796105 |  | 15719280 | 433945 | SH |  | SOLE |  | 433945 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 43810955 | 1211530 | SH |  | SOLE |  | 1211530 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 35011091 | 1489200 | SH |  | SOLE |  | 1489200 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 4629367 | 121986 | SH |  | SOLE |  | 121986 | 0 | 0 |
| TRW AUTOMOTIVE HLDGS CORP | COM | 87264S106 |  | 5001749 | 49400 | SH |  | SOLE |  | 49400 | 0 | 0 |
| TAHOE RES INC | COM | 873868103 |  | 1045151 | 51400 | SH |  | SOLE |  | 51400 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 3846733 | 61371 | SH |  | SOLE |  | 61371 | 0 | 0 |
| TATA MTRS LTD | SPONSORED ADR | 876568502 |  | 218811 | 5006 | SH |  | SOLE |  | 5006 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 2399561 | 126800 | SH |  | SOLE |  | 126800 | 0 | 0 |
| TELUS CORP | COM | 87971M103 |  | 42374281 | 1241974 | SH |  | SOLE |  | 1241974 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 1035134 | 33220 | SH |  | SOLE |  | 33220 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 97273145 | 1972566 | SH |  | SOLE |  | 1972566 | 0 | 0 |
| TRANSGLOBE ENERGY CORP | COM | 893662106 |  | 5904826 | 971825 | SH |  | SOLE |  | 971825 | 0 | 0 |
| TRANSMONTAIGNE PARTNERS L P | COM UNIT L P | 89376V100 |  | 995532 | 24140 | SH |  | SOLE |  | 24140 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 2120942 | 23200 | SH |  | SOLE |  | 23200 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 3942812 | 94258 | SH |  | SOLE |  | 94258 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 4862075 | 116040 | SH |  | SOLE |  | 116040 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 4412827 | 44896 | SH |  | SOLE |  | 44896 | 0 | 0 |
| VERIFONE SYS INC | COM | 92342Y109 |  | 1724156 | 50150 | SH |  | SOLE |  | 50150 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 44286938 | 885916 | SH |  | SOLE |  | 885916 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADR | 92763W103 |  | 256297 | 1356 | SH |  | SOLE |  | 1356 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 5462270 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPNSR ADR NO PAR | 92857W308 |  | 3568827 | 108508 | SH |  | SOLE |  | 108508 | 0 | 0 |
| WUXI PHARMATECH CAYMAN INC | SPONS ADR SHS | 929352102 |  | 278233 | 7945 | SH |  | SOLE |  | 7945 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 2164252 | 28302 | SH |  | SOLE |  | 28302 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 3598910 | 224371 | SH |  | SOLE |  | 224371 | 0 | 0 |
| WEYERHAEUSER CO | COM | 962166104 |  | 2076315 | 65170 | SH |  | SOLE |  | 65170 | 0 | 0 |
| WILLIAMS PARTNERS L P | COM UNIT L P | 96950F104 |  | 4691794 | 88441 | SH |  | SOLE |  | 88441 | 0 | 0 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 1074356 | 49035 | SH |  | SOLE |  | 49035 | 0 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 810959 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 2721826 | 14549 | SH |  | SOLE |  | 14549 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 1421019 | 40040 | SH |  | SOLE |  | 40040 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 6607762 | 91800 | SH |  | SOLE |  | 91800 | 0 | 0 |
| AIRCASTLE LTD | COM | G0129K104 |  | 2118619 | 129500 | SH |  | SOLE |  | 129500 | 0 | 0 |
| ALLEGION PUB LTD CO | ORD SHS | G0176J109 |  | 1370649 | 28771 | SH |  | SOLE |  | 28771 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 6777393 | 147720 | SH |  | SOLE |  | 147720 | 0 | 0 |
| BELMOND LTD | CL A | G1154H107 |  | 906657 | 77758 | SH |  | SOLE |  | 77758 | 0 | 0 |
| BROOKFIELD PPTY PARTNERS L P | UNIT LTD PARTN | G16249107 |  | 6227891 | 296400 | SH |  | SOLE |  | 296400 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 377032 | 2458 | SH |  | SOLE |  | 2458 | 0 | 0 |
| ENSCO PLC | SHS CLASS A | G3157S106 |  | 1760300 | 42612 | SH |  | SOLE |  | 42612 | 0 | 0 |
| FRONTLINE LTD | SHS | G3682E127 |  | 62999 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| INGERSOLL-RAND PLC | SHS | G47791101 |  | 2937144 | 52114 | SH |  | SOLE |  | 52114 | 0 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833100 |  | 7918766 | 380710 | SH |  | SOLE |  | 380710 | 0 | 0 |
| LAZARD LTD | SHS A | G54050102 |  | 3893759 | 76800 | SH |  | SOLE |  | 76800 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL A | G5480U104 |  | 1417858 | 33330 | SH |  | SOLE |  | 33330 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 1385896 | 33790 | SH |  | SOLE |  | 33790 | 0 | 0 |
| LUXOFT HLDG INC | ORD SHS CL A | G57279104 |  | 116621 | 3135 | SH |  | SOLE |  | 3135 | 0 | 0 |
| PARTNERRE LTD | COM | G6852T105 |  | 3749995 | 34125 | SH |  | SOLE |  | 34125 | 0 | 0 |
| MAGICJACK VOCALTEC LTD | SHS | M6787E101 |  | 196999 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 3553180 | 32700 | SH |  | SOLE |  | 32700 | 0 | 0 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 167297 | 6019 | SH |  | SOLE |  | 6019 | 0 | 0 |

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