# EDGAR Filing Document

**Accession Number:** 0002033536
**File Stem:** 0002033536-25-000037
**Filing Date:** 2025-7
**Character Count:** 40188
**Document Hash:** fd5640471b6e2f4854979f119627c403
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002033536-25-000037.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0002033536-25-000037

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20170331

**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:** 251110418

**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:** 03-31-2017

**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:** 378

**Form 13F Information Table Value Total:** $1475219660

      (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 |
| AFLAC INC | COM | 001055102 |  | 70029 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| AMN HEALTHCARE SERVICES INC | COM | 001744101 |  | 1033182 | 25448 | SH |  | SOLE |  | 25448 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3191020 | 76800 | SH |  | SOLE |  | 76800 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2244512 | 50541 | SH |  | SOLE |  | 50541 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 6491265 | 99621 | SH |  | SOLE |  | 99621 | 0 | 0 |
| ACUITY BRANDS INC | COM | 00508Y102 |  | 514484 | 2522 | SH |  | SOLE |  | 2522 | 0 | 0 |
| AETNA INC NEW | COM | 00817Y108 |  | 2552515 | 20012 | SH |  | SOLE |  | 20012 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1009599 | 19096 | SH |  | SOLE |  | 19096 | 0 | 0 |
| AGRIUM INC | COM | 008916108 |  | 20700190 | 216895 | SH |  | SOLE |  | 216895 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1704643 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 779271 | 81600 | SH |  | SOLE |  | 81600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3470487 | 32185 | SH |  | SOLE |  | 32185 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 80067 | 698 | SH |  | SOLE |  | 698 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1214193 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4551768 | 5487 | SH |  | SOLE |  | 5487 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6647559 | 7841 | SH |  | SOLE |  | 7841 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3723440 | 4199 | SH |  | SOLE |  | 4199 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 6066039 | 76679 | SH |  | SOLE |  | 76679 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 4564479 | 73114 | SH |  | SOLE |  | 73114 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1582076 | 13017 | SH |  | SOLE |  | 13017 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 3190417 | 41024 | SH |  | SOLE |  | 41024 | 0 | 0 |
| AMERIGAS PARTNERS L P | UNIT L P INT | 030975106 |  | 4077169 | 86583 | SH |  | SOLE |  | 86583 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 13080004 | 79708 | SH |  | SOLE |  | 79708 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1167267 | 14242 | SH |  | SOLE |  | 14242 | 0 | 0 |
| ANTHEM INC | COM | 036752103 |  | 4687998 | 28347 | SH |  | SOLE |  | 28347 | 0 | 0 |
| APOLLO GLOBAL MGMT LLC | CL A SHS | 037612306 |  | 1258917 | 51765 | SH |  | SOLE |  | 51765 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6477545 | 45074 | SH |  | SOLE |  | 45074 | 0 | 0 |
| ARAMARK | COM | 03852U106 |  | 121301 | 3290 | SH |  | SOLE |  | 3290 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 3357054 | 42500 | SH |  | SOLE |  | 42500 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2539256 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 4844405 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1886028 | 23400 | SH |  | SOLE |  | 23400 | 0 | 0 |
| BB CORP | COM | 054937107 |  | 6294660 | 140821 | SH |  | SOLE |  | 140821 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 24221967 | 547075 | SH |  | SOLE |  | 547075 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 533330 | 3090 | SH |  | SOLE |  | 3090 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 263132 | 3035 | SH |  | SOLE |  | 3035 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 5429559 | 230165 | SH |  | SOLE |  | 230165 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 10543922 | 141165 | SH |  | SOLE |  | 141165 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 81424 | 1724 | SH |  | SOLE |  | 1724 | 0 | 0 |
| BANK N S HALIFAX | COM | 064149107 |  | 67760740 | 1158254 | SH |  | SOLE |  | 1158254 | 0 | 0 |
| BARD C R INC | COM | 067383109 |  | 103143 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |
| BARCLAYS PLC | NOTE   8.250%12/3 | 06738EAA3 |  | 720889 | 685000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 4277490 | 82482 | SH |  | SOLE |  | 82482 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 4496821 | 24514 | SH |  | SOLE |  | 24514 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 075896100 |  | 1274155 | 32290 | SH |  | SOLE |  | 32290 | 0 | 0 |
| BEMIS INC | COM | 081437105 |  | 1881098 | 38500 | SH |  | SOLE |  | 38500 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1490610 | 8943 | SH |  | SOLE |  | 8943 | 0 | 0 |
| BERRY PLASTICS GROUP INC | COM | 08579W103 |  | 2143186 | 44126 | SH |  | SOLE |  | 44126 | 0 | 0 |
| BHP BILLITON LTD | SPONSORED ADR | 088606108 |  | 330510 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 64802 | 237 | SH |  | SOLE |  | 237 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 66730 | 174 | SH |  | SOLE |  | 174 | 0 | 0 |
| BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 |  | 2793505 | 94058 | SH |  | SOLE |  | 94058 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 2234723 | 63146 | SH |  | SOLE |  | 63146 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 899106 | 21515 | SH |  | SOLE |  | 21515 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 105398 | 4238 | SH |  | SOLE |  | 4238 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 976038 | 22203 | SH |  | SOLE |  | 22203 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 875512 | 16100 | SH |  | SOLE |  | 16100 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 2455018 | 36130 | SH |  | SOLE |  | 36130 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 612445 | 14680 | SH |  | SOLE |  | 14680 | 0 | 0 |
| CBS CORP NEW | CL B | 124857202 |  | 3674878 | 52983 | SH |  | SOLE |  | 52983 | 0 | 0 |
| CIGNA CORPORATION | COM | 125509109 |  | 4748298 | 32414 | SH |  | SOLE |  | 32414 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 1972068 | 16600 | SH |  | SOLE |  | 16600 | 0 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 1835517 | 41556 | SH |  | SOLE |  | 41556 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 1644573 | 43496 | SH |  | SOLE |  | 43496 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1645504 | 35357 | SH |  | SOLE |  | 35357 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 5597016 | 57340 | SH |  | SOLE |  | 57340 | 0 | 0 |
| CA INC | COM | 12673P105 |  | 2118883 | 66800 | SH |  | SOLE |  | 66800 | 0 | 0 |
| CAMPBELL SOUP CO | COM | 134429109 |  | 1167116 | 12550 | SH |  | SOLE |  | 12550 | 0 | 0 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 47197349 | 547360 | SH |  | SOLE |  | 547360 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 45096493 | 610961 | SH |  | SOLE |  | 610961 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 23756487 | 725603 | SH |  | SOLE |  | 725603 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1351194 | 15592 | SH |  | SOLE |  | 15592 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 4035722 | 49488 | SH |  | SOLE |  | 49488 | 0 | 0 |
| CEDAR FAIR L P | DEPOSITRY UNIT | 150185106 |  | 4542632 | 66991 | SH |  | SOLE |  | 66991 | 0 | 0 |
| CELGENE CORP | COM | 151020104 |  | 4314833 | 34677 | SH |  | SOLE |  | 34677 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 7927443 | 648845 | SH |  | SOLE |  | 648845 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1904386 | 69075 | SH |  | SOLE |  | 69075 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2527796 | 23543 | SH |  | SOLE |  | 23543 | 0 | 0 |
| CHINA BIOLOGIC PRODS INC | COM | 16938C106 |  | 335133 | 3347 | SH |  | SOLE |  | 3347 | 0 | 0 |
| CINEMARK HOLDINGS INC | COM | 17243V102 |  | 5342804 | 120497 | SH |  | SOLE |  | 120497 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 10328001 | 305564 | SH |  | SOLE |  | 305564 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 4776538 | 79849 | SH |  | SOLE |  | 79849 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1220204 | 9050 | SH |  | SOLE |  | 9050 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 4710811 | 111000 | SH |  | SOLE |  | 111000 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 455006 | 5420 | SH |  | SOLE |  | 5420 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2551680 | 34864 | SH |  | SOLE |  | 34864 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 12254379 | 259046 | SH |  | SOLE |  | 259046 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5692112 | 151407 | SH |  | SOLE |  | 151407 | 0 | 0 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 3069583 | 45241 | SH |  | SOLE |  | 45241 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 3478497 | 75940 | SH |  | SOLE |  | 75940 | 0 | 0 |
| CONTROLADORA VUELA CIA DE AV | SPON ADR RP 10 | 21240E105 |  | 433419 | 31092 | SH |  | SOLE |  | 31092 | 0 | 0 |
| COOPER COS INC | COM NEW | 216648402 |  | 1534546 | 7677 | SH |  | SOLE |  | 7677 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 8173930 | 302740 | SH |  | SOLE |  | 302740 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 7542818 | 698043 | SH |  | SOLE |  | 698043 | 0 | 0 |
| CTRIP COM INTL LTD | AMERICAN DEP SHS | 22943F100 |  | 800009 | 16277 | SH |  | SOLE |  | 16277 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 6244522 | 41300 | SH |  | SOLE |  | 41300 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 1582894 | 18507 | SH |  | SOLE |  | 18507 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 3062303 | 36600 | SH |  | SOLE |  | 36600 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 2953550 | 43454 | SH |  | SOLE |  | 43454 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1854527 | 17036 | SH |  | SOLE |  | 17036 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 3498821 | 76128 | SH |  | SOLE |  | 76128 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2226165 | 53360 | SH |  | SOLE |  | 53360 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 766341 | 15749 | SH |  | SOLE |  | 15749 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 3989263 | 35182 | SH |  | SOLE |  | 35182 | 0 | 0 |
| DISCOVERY COMMUNICATNS NEW | COM SER A | 25470F104 |  | 2101628 | 72271 | SH |  | SOLE |  | 72271 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1077740 | 15456 | SH |  | SOLE |  | 15456 | 0 | 0 |
| DOMTAR CORP | COM NEW | 257559203 |  | 17267684 | 472988 | SH |  | SOLE |  | 472988 | 0 | 0 |
| DR PEPPER SNAPPLE GROUP INC | COM | 26138E109 |  | 2791780 | 28511 | SH |  | SOLE |  | 28511 | 0 | 0 |
| DU PONT E I DE NEMOURS  CO | COM | 263534109 |  | 2652962 | 33026 | SH |  | SOLE |  | 33026 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 2141990 | 21958 | SH |  | SOLE |  | 21958 | 0 | 0 |
| EAGLE MATERIALS INC | COM | 26969P108 |  | 1863231 | 19181 | SH |  | SOLE |  | 19181 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 1482952 | 28734 | SH |  | SOLE |  | 28734 | 0 | 0 |
| EATON VANCE CORP | COM NON VTG | 278265103 |  | 51748 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1502817 | 11990 | SH |  | SOLE |  | 11990 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 68200 | 725 | SH |  | SOLE |  | 725 | 0 | 0 |
| EMBRAER S A | SP ADR REP 4 COM | 29082A107 |  | 249237 | 11288 | SH |  | SOLE |  | 11288 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 3787678 | 63276 | SH |  | SOLE |  | 63276 | 0 | 0 |
| ENCANA CORP | COM | 292505104 |  | 651383 | 55600 | SH |  | SOLE |  | 55600 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 2035600 | 252760 | SH |  | SOLE |  | 252760 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1897939 | 13880 | SH |  | SOLE |  | 13880 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 2057287 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 2589680 | 71976 | SH |  | SOLE |  | 71976 | 0 | 0 |
| EXPEDIA INC DEL | COM NEW | 30212P303 |  | 66617 | 528 | SH |  | SOLE |  | 528 | 0 | 0 |
| EXPRESS SCRIPTS HLDG CO | COM | 30219G108 |  | 590550 | 8960 | SH |  | SOLE |  | 8960 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4587693 | 55941 | SH |  | SOLE |  | 55941 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 |  | 570612 | 13860 | SH |  | SOLE |  | 13860 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 4359772 | 24172 | SH |  | SOLE |  | 24172 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 5819722 | 113005 | SH |  | SOLE |  | 113005 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 878169 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1573281 | 19760 | SH |  | SOLE |  | 19760 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 |  | 2073386 | 53246 | SH |  | SOLE |  | 53246 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1508750 | 59400 | SH |  | SOLE |  | 59400 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 65385 | 697 | SH |  | SOLE |  | 697 | 0 | 0 |
| FIRSTSERVICE CORP NEW | SUB VTG SH | 33767E103 |  | 17347014 | 286893 | SH |  | SOLE |  | 286893 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 684937 | 5940 | SH |  | SOLE |  | 5940 | 0 | 0 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 1302415 | 111892 | SH |  | SOLE |  | 111892 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 26359160 | 795415 | SH |  | SOLE |  | 795415 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 778338 | 11725 | SH |  | SOLE |  | 11725 | 0 | 0 |
| FORTUNA SILVER MINES INC | COM | 349915108 |  | 4367444 | 839318 | SH |  | SOLE |  | 839318 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 4801399 | 103546 | SH |  | SOLE |  | 103546 | 0 | 0 |
| GGP INC | COM | 36174X101 |  | 2219309 | 95743 | SH |  | SOLE |  | 95743 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 4793122 | 160844 | SH |  | SOLE |  | 160844 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 2472504 | 41900 | SH |  | SOLE |  | 41900 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 84863 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 2379773 | 111570 | SH |  | SOLE |  | 111570 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4614389 | 67939 | SH |  | SOLE |  | 67939 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2000849 | 8710 | SH |  | SOLE |  | 8710 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 3103137 | 13332 | SH |  | SOLE |  | 13332 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 1590069 | 52755 | SH |  | SOLE |  | 52755 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 |  | 162986 | 4305 | SH |  | SOLE |  | 4305 | 0 | 0 |
| HCA HOLDINGS INC | COM | 40412C101 |  | 90591 | 1018 | SH |  | SOLE |  | 1018 | 0 | 0 |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 |  | 1093240 | 14534 | SH |  | SOLE |  | 14534 | 0 | 0 |
| HEALTHCARE TR AMER INC | CL A NEW | 42225P501 |  | 91485 | 2908 | SH |  | SOLE |  | 2908 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 2512734 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 1556980 | 32296 | SH |  | SOLE |  | 32296 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 869939 | 17707 | SH |  | SOLE |  | 17707 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 55068 | 942 | SH |  | SOLE |  | 942 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2084826 | 14199 | SH |  | SOLE |  | 14199 | 0 | 0 |
| HOWARD HUGHES CORP | COM | 44267D107 |  | 2361752 | 20143 | SH |  | SOLE |  | 20143 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 883922 | 7363 | SH |  | SOLE |  | 7363 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1244665 | 6038 | SH |  | SOLE |  | 6038 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 2530926 | 27066 | SH |  | SOLE |  | 27066 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 66834 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ING GROEP N V | SPONSORED ADR | 456837103 |  | 1101337 | 72985 | SH |  | SOLE |  | 72985 | 0 | 0 |
| ING GROEP N V | DBCV   6.500%12/3 | 456837AF0 |  | 565966 | 570000 | SH |  | SOLE |  | 570000 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 1114332 | 9253 | SH |  | SOLE |  | 9253 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5164110 | 143170 | SH |  | SOLE |  | 143170 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4444896 | 25525 | SH |  | SOLE |  | 25525 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 2535608 | 103200 | SH |  | SOLE |  | 103200 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1623850 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 141029 | 184 | SH |  | SOLE |  | 184 | 0 | 0 |
| IRON MTN INC NEW | COM | 46284V101 |  | 7059264 | 197906 | SH |  | SOLE |  | 197906 | 0 | 0 |
| ISHARES | MSCI GERMANY ETF | 464286806 |  | 422622 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 357445 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ITAU UNIBANCO HLDG SA | SPON ADR REP PFD | 465562106 |  | 538898 | 31135 | SH |  | SOLE |  | 31135 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 449177 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 12095671 | 137702 | SH |  | SOLE |  | 137702 | 0 | 0 |
| JETBLUE AIRWAYS CORP | COM | 477143101 |  | 80378 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3554012 | 28535 | SH |  | SOLE |  | 28535 | 0 | 0 |
| KLA-TENCOR CORP | COM | 482480100 |  | 1768291 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 5381528 | 40884 | SH |  | SOLE |  | 40884 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2266469 | 97826 | SH |  | SOLE |  | 97826 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 933531 | 31894 | SH |  | SOLE |  | 31894 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 1250773 | 31403 | SH |  | SOLE |  | 31403 | 0 | 0 |
| L3 TECHNOLOGIES INC | COM | 502413107 |  | 4311067 | 26082 | SH |  | SOLE |  | 26082 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 90242 | 629 | SH |  | SOLE |  | 629 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 2582716 | 20121 | SH |  | SOLE |  | 20121 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 3259761 | 57119 | SH |  | SOLE |  | 57119 | 0 | 0 |
| LEIDOS HLDGS INC | COM | 525327102 |  | 1445003 | 28256 | SH |  | SOLE |  | 28256 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 2310571 | 27471 | SH |  | SOLE |  | 27471 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 52359 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1011154 | 6535 | SH |  | SOLE |  | 6535 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 1362589 | 13260 | SH |  | SOLE |  | 13260 | 0 | 0 |
| MSG NETWORK INC | CL A | 553573106 |  | 1051607 | 45037 | SH |  | SOLE |  | 45037 | 0 | 0 |
| MADISON SQUARE GARDEN CO NEW | CL A | 55825T103 |  | 2139080 | 10711 | SH |  | SOLE |  | 10711 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 3113682 | 40485 | SH |  | SOLE |  | 40485 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 11271607 | 261189 | SH |  | SOLE |  | 261189 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 22488371 | 1267755 | SH |  | SOLE |  | 1267755 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 5316523 | 105195 | SH |  | SOLE |  | 105195 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 2708791 | 36660 | SH |  | SOLE |  | 36660 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1929973 | 17160 | SH |  | SOLE |  | 17160 | 0 | 0 |
| MATTHEWS INTL CORP | CL A | 577128101 |  | 86659 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 2731383 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3356878 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 336658 | 1592 | SH |  | SOLE |  | 1592 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 5846026 | 92006 | SH |  | SOLE |  | 92006 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 5131801 | 97157 | SH |  | SOLE |  | 97157 | 0 | 0 |
| MICHAELS COS INC | COM | 59408Q106 |  | 1187069 | 53030 | SH |  | SOLE |  | 53030 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 22331806 | 339082 | SH |  | SOLE |  | 339082 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1291446 | 44687 | SH |  | SOLE |  | 44687 | 0 | 0 |
| MID AMER APT CMNTYS INC | COM | 59522J103 |  | 582966 | 5730 | SH |  | SOLE |  | 5730 | 0 | 0 |
| MITEL NETWORKS CORP | COM | 60671Q104 |  | 6665315 | 961380 | SH |  | SOLE |  | 961380 | 0 | 0 |
| MOBILE TELESYSTEMS PJSC | SPONSORED ADR | 607409109 |  | 320640 | 29070 | SH |  | SOLE |  | 29070 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5785421 | 135048 | SH |  | SOLE |  | 135048 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 4494707 | 52131 | SH |  | SOLE |  | 52131 | 0 | 0 |
| NATIONAL CINEMEDIA INC | COM | 635309107 |  | 1307778 | 103546 | SH |  | SOLE |  | 103546 | 0 | 0 |
| NATIONAL FUEL GAS CO N J | COM | 636180101 |  | 5327611 | 89360 | SH |  | SOLE |  | 89360 | 0 | 0 |
| NETEASE INC | SPONSORED ADR | 64110W102 |  | 750607 | 2643 | SH |  | SOLE |  | 2643 | 0 | 0 |
| NEW ORIENTAL ED  TECH GRP I | SPON ADR | 647581107 |  | 415774 | 6886 | SH |  | SOLE |  | 6886 | 0 | 0 |
| NORDSTROM INC | COM | 655664100 |  | 725090 | 15570 | SH |  | SOLE |  | 15570 | 0 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 1119693 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1170997 | 34160 | SH |  | SOLE |  | 34160 | 0 | 0 |
| O REILLY AUTOMOTIVE INC NEW | COM | 67103H107 |  | 1310605 | 4857 | SH |  | SOLE |  | 4857 | 0 | 0 |
| OASIS PETE INC NEW | COM | 674215108 |  | 1554002 | 108977 | SH |  | SOLE |  | 108977 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 3659144 | 57752 | SH |  | SOLE |  | 57752 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 8144123 | 94469 | SH |  | SOLE |  | 94469 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3371380 | 75575 | SH |  | SOLE |  | 75575 | 0 | 0 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 3012285 | 271036 | SH |  | SOLE |  | 271036 | 0 | 0 |
| OWENS  MINOR INC NEW | COM | 690732102 |  | 2838601 | 82041 | SH |  | SOLE |  | 82041 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 90987 | 2593 | SH |  | SOLE |  | 2593 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 4802477 | 39941 | SH |  | SOLE |  | 39941 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 578046 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1872060 | 20433 | SH |  | SOLE |  | 20433 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 1248491 | 39400 | SH |  | SOLE |  | 39400 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 8246717 | 73724 | SH |  | SOLE |  | 73724 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 956746 | 98736 | SH |  | SOLE |  | 98736 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2297837 | 67169 | SH |  | SOLE |  | 67169 | 0 | 0 |
| POLARIS INDS INC | COM | 731068102 |  | 1937444 | 23120 | SH |  | SOLE |  | 23120 | 0 | 0 |
| POTASH CORP SASK INC | COM | 73755L107 |  | 11919364 | 697670 | SH |  | SOLE |  | 697670 | 0 | 0 |
| PRAXAIR INC | COM | 74005P104 |  | 6932840 | 57456 | SH |  | SOLE |  | 57456 | 0 | 0 |
| PRECISION DRILLING CORP | COM 2010 | 74022D308 |  | 5048590 | 1067394 | SH |  | SOLE |  | 1067394 | 0 | 0 |
| PRESTIGE BRANDS HLDGS INC | COM | 74112D101 |  | 76783 | 1382 | SH |  | SOLE |  | 1382 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2201231 | 32300 | SH |  | SOLE |  | 32300 | 0 | 0 |
| PRICELINE GRP INC | COM NEW | 741503403 |  | 889979 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8582959 | 95526 | SH |  | SOLE |  | 95526 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 1261196 | 32190 | SH |  | SOLE |  | 32190 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 |  | 1728527 | 33318 | SH |  | SOLE |  | 33318 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 4869379 | 45645 | SH |  | SOLE |  | 45645 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4555635 | 79450 | SH |  | SOLE |  | 79450 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1914693 | 19500 | SH |  | SOLE |  | 19500 | 0 | 0 |
| QUINTILES IMS HOLDINGS INC | COM | 74876Y101 |  | 61685 | 766 | SH |  | SOLE |  | 766 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1285997 | 15756 | SH |  | SOLE |  | 15756 | 0 | 0 |
| REGAL ENTMT GROUP | CL A | 758766109 |  | 2169721 | 96091 | SH |  | SOLE |  | 96091 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1146212 | 18249 | SH |  | SOLE |  | 18249 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 66571 | 925 | SH |  | SOLE |  | 925 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 18507216 | 332235 | SH |  | SOLE |  | 332235 | 0 | 0 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 21604151 | 656396 | SH |  | SOLE |  | 656396 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1961934 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 20451011 | 470383 | SH |  | SOLE |  | 470383 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 901323 | 4365 | SH |  | SOLE |  | 4365 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1848893 | 28069 | SH |  | SOLE |  | 28069 | 0 | 0 |
| ROYAL BK CDA MONTREAL QUE | COM | 780087102 |  | 14222493 | 195210 | SH |  | SOLE |  | 195210 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 949439 | 17006 | SH |  | SOLE |  | 17006 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 1990809 | 37755 | SH |  | SOLE |  | 37755 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 4565252 | 73836 | SH |  | SOLE |  | 73836 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 3662913 | 131147 | SH |  | SOLE |  | 131147 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 2284893 | 23275 | SH |  | SOLE |  | 23275 | 0 | 0 |
| SCRIPPS NETWORKS INTERACT IN | CL A COM | 811065101 |  | 2824594 | 36042 | SH |  | SOLE |  | 36042 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 2735151 | 58762 | SH |  | SOLE |  | 58762 | 0 | 0 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 7089978 | 358820 | SH |  | SOLE |  | 358820 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2014982 | 6496 | SH |  | SOLE |  | 6496 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 1723946 | 26546 | SH |  | SOLE |  | 26546 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1888651 | 19276 | SH |  | SOLE |  | 19276 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 1428763 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 485788 | 21562 | SH |  | SOLE |  | 21562 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 1450059 | 26973 | SH |  | SOLE |  | 26973 | 0 | 0 |
| SPECTRA ENERGY PARTNERS LP | COM | 84756N109 |  | 3931384 | 90046 | SH |  | SOLE |  | 90046 | 0 | 0 |
| SPECTRUM BRANDS HLDGS INC | COM | 84763R101 |  | 79235 | 570 | SH |  | SOLE |  | 570 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 1729836 | 66660 | SH |  | SOLE |  | 66660 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1977022 | 24834 | SH |  | SOLE |  | 24834 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 91891 | 698 | SH |  | SOLE |  | 698 | 0 | 0 |
| SUMMIT HOTEL PPTYS | COM | 866082100 |  | 1206466 | 75499 | SH |  | SOLE |  | 75499 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 567929 | 7070 | SH |  | SOLE |  | 7070 | 0 | 0 |
| SUN LIFE FINL INC | COM | 866796105 |  | 17966051 | 492016 | SH |  | SOLE |  | 492016 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 25749687 | 838683 | SH |  | SOLE |  | 838683 | 0 | 0 |
| SUNTRUST BKS INC | COM | 867914103 |  | 894969 | 16184 | SH |  | SOLE |  | 16184 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 1767985 | 57627 | SH |  | SOLE |  | 57627 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 2997055 | 41551 | SH |  | SOLE |  | 41551 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 2417328 | 46559 | SH |  | SOLE |  | 46559 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 4269345 | 53988 | SH |  | SOLE |  | 53988 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | 874039100 |  | 4581973 | 139525 | SH |  | SOLE |  | 139525 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 3677673 | 66637 | SH |  | SOLE |  | 66637 | 0 | 0 |
| TATA MTRS LTD | SPONSORED ADR | 876568502 |  | 593925 | 16660 | SH |  | SOLE |  | 16660 | 0 | 0 |
| TELEFLEX INC | COM | 879369106 |  | 2027178 | 10464 | SH |  | SOLE |  | 10464 | 0 | 0 |
| TELUS CORP | COM | 87971M103 |  | 17892142 | 551170 | SH |  | SOLE |  | 551170 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADR | 881624209 |  | 447973 | 13960 | SH |  | SOLE |  | 13960 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 4139147 | 51380 | SH |  | SOLE |  | 51380 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4518577 | 29018 | SH |  | SOLE |  | 29018 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 4209234 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| TIME WARNER INC | COM NEW | 887317303 |  | 2457978 | 25156 | SH |  | SOLE |  | 25156 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 748641 | 11986 | SH |  | SOLE |  | 11986 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 56730123 | 1132607 | SH |  | SOLE |  | 1132607 | 0 | 0 |
| TOTAL SYS SVCS INC | COM | 891906109 |  | 3136853 | 58677 | SH |  | SOLE |  | 58677 | 0 | 0 |
| TRANSGLOBE ENERGY CORP | COM | 893662106 |  | 951178 | 599494 | SH |  | SOLE |  | 599494 | 0 | 0 |
| TRANSMONTAIGNE PARTNERS L P | COM UNIT L P | 89376V100 |  | 2467259 | 55221 | SH |  | SOLE |  | 55221 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2769269 | 22974 | SH |  | SOLE |  | 22974 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 726622 | 22700 | SH |  | SOLE |  | 22700 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1922254 | 31150 | SH |  | SOLE |  | 31150 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 2398800 | 48559 | SH |  | SOLE |  | 48559 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 10322598 | 200440 | SH |  | SOLE |  | 200440 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 4081873 | 82730 | SH |  | SOLE |  | 82730 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 9751572 | 92066 | SH |  | SOLE |  | 92066 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3535728 | 32952 | SH |  | SOLE |  | 32952 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 2938650 | 26189 | SH |  | SOLE |  | 26189 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 7206556 | 43940 | SH |  | SOLE |  | 43940 | 0 | 0 |
| UNITI GROUP INC | COM | 91325V108 |  | 2638312 | 102063 | SH |  | SOLE |  | 102063 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 528220 | 6135 | SH |  | SOLE |  | 6135 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 2984249 | 63644 | SH |  | SOLE |  | 63644 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 1363247 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 180001 | 938 | SH |  | SOLE |  | 938 | 0 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 3326677 | 50184 | SH |  | SOLE |  | 50184 | 0 | 0 |
| VANTIV INC | CL A | 92210H105 |  | 1120169 | 17470 | SH |  | SOLE |  | 17470 | 0 | 0 |
| VAREX IMAGING CORP | COM | 92214X106 |  | 8597180 | 255870 | SH |  | SOLE |  | 255870 | 0 | 0 |
| VECTREN CORP | COM | 92240G101 |  | 1196398 | 20413 | SH |  | SOLE |  | 20413 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 4766037 | 73279 | SH |  | SOLE |  | 73279 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 10188542 | 208997 | SH |  | SOLE |  | 208997 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 7042996 | 187812 | SH |  | SOLE |  | 187812 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADR | 92763W103 |  | 428144 | 32095 | SH |  | SOLE |  | 32095 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1591385 | 17907 | SH |  | SOLE |  | 17907 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 1429695 | 54094 | SH |  | SOLE |  | 54094 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 554204 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 6385745 | 88593 | SH |  | SOLE |  | 88593 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 3245525 | 39070 | SH |  | SOLE |  | 39070 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3452595 | 45348 | SH |  | SOLE |  | 45348 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 1023824 | 6550 | SH |  | SOLE |  | 6550 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 1243687 | 19293 | SH |  | SOLE |  | 19293 | 0 | 0 |
| WEIBO CORP | SPONSORED ADR | 948596101 |  | 853711 | 16361 | SH |  | SOLE |  | 16361 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 7755840 | 139344 | SH |  | SOLE |  | 139344 | 0 | 0 |
| WESBANCO INC | COM | 950810101 |  | 1625800 | 42661 | SH |  | SOLE |  | 42661 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1689039 | 83000 | SH |  | SOLE |  | 83000 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 |  | 1211511 | 23285 | SH |  | SOLE |  | 23285 | 0 | 0 |
| WEYERHAEUSER CO | COM | 962166104 |  | 3267701 | 96166 | SH |  | SOLE |  | 96166 | 0 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 1042765 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 1180820 | 18800 | SH |  | SOLE |  | 18800 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 1263778 | 25165 | SH |  | SOLE |  | 25165 | 0 | 0 |
| ZIMMER BIOMET HLDGS INC | COM | 98956P102 |  | 77661 | 636 | SH |  | SOLE |  | 636 | 0 | 0 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 1171724 | 16124 | SH |  | SOLE |  | 16124 | 0 | 0 |
| AIRCASTLE LTD | COM | G0129K104 |  | 3931332 | 162924 | SH |  | SOLE |  | 162924 | 0 | 0 |
| ALLEGION PUB LTD CO | ORD SHS | G0176J109 |  | 3325329 | 43928 | SH |  | SOLE |  | 43928 | 0 | 0 |
| ALLERGAN PLC | SHS | G0177J108 |  | 71675 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 2355907 | 38628 | SH |  | SOLE |  | 38628 | 0 | 0 |
| AON PLC | SHS CL A | G0408V102 |  | 1277096 | 10760 | SH |  | SOLE |  | 10760 | 0 | 0 |
| AXIS CAPITAL HOLDINGS LTD | SHS | G0692U109 |  | 3148715 | 46975 | SH |  | SOLE |  | 46975 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 6213223 | 51829 | SH |  | SOLE |  | 51829 | 0 | 0 |
| BELMOND LTD | CL A | G1154H107 |  | 1205310 | 99613 | SH |  | SOLE |  | 99613 | 0 | 0 |
| BROOKFIELD PPTY PARTNERS L P | UNIT LTD PARTN | G16249107 |  | 8323953 | 373219 | SH |  | SOLE |  | 373219 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 4012563 | 135435 | SH |  | SOLE |  | 135435 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 645031 | 3950 | SH |  | SOLE |  | 3950 | 0 | 0 |
| DELPHI AUTOMOTIVE PLC | SHS | G27823106 |  | 2594338 | 32232 | SH |  | SOLE |  | 32232 | 0 | 0 |
| EVEREST RE GROUP LTD | COM | G3223R108 |  | 2041850 | 8733 | SH |  | SOLE |  | 8733 | 0 | 0 |
| INGERSOLL-RAND PLC | SHS | G47791101 |  | 10202915 | 125467 | SH |  | SOLE |  | 125467 | 0 | 0 |
| INTERNATIONAL GAME TECHNOLOG | SHS USD | G4863A108 |  | 1268179 | 53510 | SH |  | SOLE |  | 53510 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 52193 | 1704 | SH |  | SOLE |  | 1704 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 3684424 | 87475 | SH |  | SOLE |  | 87475 | 0 | 0 |
| LAZARD LTD | SHS A | G54050102 |  | 2815444 | 61219 | SH |  | SOLE |  | 61219 | 0 | 0 |
| LUXOFT HLDG INC | ORD SHS CL A | G57279104 |  | 374547 | 5988 | SH |  | SOLE |  | 5988 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 86440 | 1073 | SH |  | SOLE |  | 1073 | 0 | 0 |
| NIELSEN HLDGS PLC | SHS EUR | G6518L108 |  | 1649828 | 39938 | SH |  | SOLE |  | 39938 | 0 | 0 |
| VALIDUS HOLDINGS LTD | COM SHS | G9319H102 |  | 1228279 | 21782 | SH |  | SOLE |  | 21782 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1390014 | 10202 | SH |  | SOLE |  | 10202 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 1027304 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| TE CONNECTIVITY LTD | REG SHS | H84989104 |  | 5979470 | 80208 | SH |  | SOLE |  | 80208 | 0 | 0 |
| ATENTO S A | SHS | L0427L105 |  | 101289 | 11070 | SH |  | SOLE |  | 11070 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 185820 | 5105 | SH |  | SOLE |  | 5105 | 0 | 0 |
| CAESARSTONE LTD | ORD SHS | M20598104 |  | 1725888 | 47611 | SH |  | SOLE |  | 47611 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 2427645 | 26622 | SH |  | SOLE |  | 26622 | 0 | 0 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 591251 | 26961 | SH |  | SOLE |  | 26961 | 0 | 0 |
| BROADCOM LTD | SHS | Y09827109 |  | 875834 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |

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