# EDGAR Filing Document

**Accession Number:** 0002077904
**File Stem:** 0002077904-25-000018
**Filing Date:** 2025-7
**Character Count:** 27145
**Document Hash:** f3dad6baa421c538b41667d00b185a28
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002077904-25-000018.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0002077904-25-000018

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20180630

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Credential Securities Inc.
- **CENTRAL INDEX KEY:** 0002077904

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25660
- **FILM NUMBER:** 251136199

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2018

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

**Form 13F File Number:** 028-25660

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

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

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

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

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

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 241

**Form 13F Information Table Value Total:** $440439674

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB LTD | SPONSORED ADR | 000375204 |  | 2178 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| AT INC | COM | 00206R102 |  | 504062 | 15698 | SH |  | SOLE |  | 0 | 12577 | 3121 |
| ABBOTT LABS | COM | 002824100 |  | 1080797 | 17718 | SH |  | SOLE |  | 0 | 12807 | 4911 |
| ABBVIE INC | COM | 00287Y109 |  | 661899 | 7141 | SH |  | SOLE |  | 0 | 5775 | 1366 |
| ADOBE SYS INC | COM | 00724F101 |  | 165147 | 678 | SH |  | SOLE |  | 0 | 612 | 66 |
| ADVANCED DISP SVCS INC DEL | COM | 00790X101 |  | 135943 | 5486 | SH |  | SOLE |  | 0 | 5002 | 484 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 165735 | 3615 | SH |  | SOLE |  | 0 | 3103 | 512 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 562185 | 3610 | SH |  | SOLE |  | 0 | 2875 | 735 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 61133 | 6328 | SH |  | SOLE |  | 0 | 5755 | 573 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 75272 | 406 | SH |  | SOLE |  | 0 | 165 | 241 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1328643 | 1191 | SH |  | SOLE |  | 0 | 876 | 315 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1445363 | 1280 | SH |  | SOLE |  | 0 | 873 | 407 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 899553 | 15840 | SH |  | SOLE |  | 0 | 13225 | 2615 |
| AMAZON COM INC | COM | 023135106 |  | 157990 | 93 | SH |  | SOLE |  | 0 | 93 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 225481 | 1564 | SH |  | SOLE |  | 0 | 1414 | 150 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 439246 | 5144 | SH |  | SOLE |  | 0 | 4125 | 1019 |
| AMGEN INC | COM | 031162100 |  | 374677 | 2030 | SH |  | SOLE |  | 0 | 1621 | 409 |
| ANALOG DEVICES INC | COM | 032654105 |  | 458977 | 4785 | SH |  | SOLE |  | 0 | 3861 | 924 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 509392 | 5055 | SH |  | SOLE |  | 0 | 3663 | 1392 |
| APPLE INC | COM | 037833100 |  | 2486844 | 13596 | SH |  | SOLE |  | 0 | 11042 | 2554 |
| APPLIED MATLS INC | COM | 038222105 |  | 48304 | 1046 | SH |  | SOLE |  | 0 | 436 | 610 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 752688 | 21438 | SH |  | SOLE |  | 0 | 17328 | 4110 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 388440 | 2896 | SH |  | SOLE |  | 0 | 2309 | 587 |
| AUTOZONE INC | COM | 053332102 |  | 161037 | 240 | SH |  | SOLE |  | 0 | 217 | 23 |
| BB CORP | COM | 054937107 |  | 1057524 | 20966 | SH |  | SOLE |  | 0 | 15169 | 5797 |
| BCE INC | COM NEW | 05534B760 |  | 1791367 | 44249 | SH |  | SOLE |  | 0 | 26147 | 18102 |
| BALL CORP | COM | 058498106 |  | 141671 | 3984 | SH |  | SOLE |  | 0 | 3610 | 374 |
| BANK AMER CORP | COM | 060505104 |  | 1203970 | 42694 | SH |  | SOLE |  | 0 | 33266 | 9428 |
| BANK MONTREAL QUE | COM | 063671101 |  | 1132324 | 14654 | SH |  | SOLE |  | 0 | 11648 | 3006 |
| BANK N S HALIFAX | COM | 064149107 |  | 25138987 | 443951 | SH |  | SOLE |  | 0 | 262966 | 180985 |
| BARRICK GOLD CORP | COM | 067901108 |  | 100821 | 7679 | SH |  | SOLE |  | 0 | 7470 | 209 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1287961 | 5373 | SH |  | SOLE |  | 0 | 3889 | 1484 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3962842 | 21228 | SH |  | SOLE |  | 0 | 16314 | 4914 |
| BHP BILLITON LTD | SPONSORED ADR | 088606108 |  | 5000 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 230318 | 2445 | SH |  | SOLE |  | 0 | 2216 | 229 |
| BIOGEN INC | COM | 09062X103 |  | 277198 | 955 | SH |  | SOLE |  | 0 | 583 | 372 |
| BLACKROCK INC | COM | 09247X101 |  | 668196 | 1338 | SH |  | SOLE |  | 0 | 1136 | 202 |
| BOOKING HLDGS INC | COM | 09857L108 |  | 267607 | 132 | SH |  | SOLE |  | 0 | 119 | 13 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 564016 | 10190 | SH |  | SOLE |  | 0 | 7658 | 2532 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 136820 | 2712 | SH |  | SOLE |  | 0 | 1160 | 1552 |
| BROADCOM INC | COM | 11135F101 |  | 487321 | 2008 | SH |  | SOLE |  | 0 | 1627 | 381 |
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 |  | 10128204 | 249710 | SH |  | SOLE |  | 0 | 127040 | 122670 |
| CAE INC | COM | 124765108 |  | 807964 | 38978 | SH |  | SOLE |  | 0 | 26985 | 11993 |
| CVS HEALTH CORP | COM | 126650100 |  | 2046655 | 31810 | SH |  | SOLE |  | 0 | 24099 | 7711 |
| CA INC | COM | 12673P105 |  | 1485393 | 41666 | SH |  | SOLE |  | 0 | 30142 | 11524 |
| CAMECO CORP | COM | 13321L108 |  | 16628 | 1478 | SH |  | SOLE |  | 0 | 1329 | 149 |
| CAMPBELL SOUP CO | COM | 134429109 |  | 223957 | 5523 | SH |  | SOLE |  | 0 | 5015 | 508 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 3603099 | 41444 | SH |  | SOLE |  | 0 | 34106 | 7338 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 16940777 | 207301 | SH |  | SOLE |  | 0 | 119088 | 88213 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 28551474 | 791184 | SH |  | SOLE |  | 0 | 438716 | 352468 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 2292998 | 12539 | SH |  | SOLE |  | 0 | 10342 | 2197 |
| CANOPY GROWTH CORP | COM | 138035100 |  | 132070 | 4519 | SH |  | SOLE |  | 0 | 0 | 4519 |
| CELESTICA INC | SUB VTG SHS | 15101Q108 |  | 14665 | 1239 | SH |  | SOLE |  | 0 | 1170 | 69 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 2360154 | 227301 | SH |  | SOLE |  | 0 | 184266 | 43035 |
| CHEVRON CORP NEW | COM | 166764100 |  | 632708 | 5006 | SH |  | SOLE |  | 0 | 3614 | 1392 |
| CISCO SYS INC | COM | 17275R102 |  | 1541162 | 35816 | SH |  | SOLE |  | 0 | 28126 | 7690 |
| COCA COLA CO | COM | 191216100 |  | 342371 | 7806 | SH |  | SOLE |  | 0 | 4927 | 2879 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 626232 | 7929 | SH |  | SOLE |  | 0 | 5745 | 2184 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 932615 | 14390 | SH |  | SOLE |  | 0 | 10412 | 3978 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 976526 | 29754 | SH |  | SOLE |  | 0 | 21564 | 8190 |
| COMERICA INC | COM | 200340107 |  | 112104 | 1233 | SH |  | SOLE |  | 0 | 521 | 712 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 805 | 134 | SH |  | SOLE |  | 0 | 134 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 254140 | 34621 | SH |  | SOLE |  | 0 | 29324 | 5297 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 130072 | 3129 | SH |  | SOLE |  | 0 | 3129 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 66124 | 820 | SH |  | SOLE |  | 0 | 340 | 480 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 768155 | 7175 | SH |  | SOLE |  | 0 | 5760 | 1415 |
| DAVITA INC | COM | 23918K108 |  | 1024309 | 14751 | SH |  | SOLE |  | 0 | 11030 | 3721 |
| DIAGEO P L C | SPON ADR NEW | 25243Q205 |  | 11425753 | 79340 | SH |  | SOLE |  | 0 | 42249 | 37091 |
| DIAMOND OFFSHORE DRILLING IN | COM | 25271C102 |  | 95455 | 4576 | SH |  | SOLE |  | 0 | 4110 | 466 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 160493 | 4553 | SH |  | SOLE |  | 0 | 4123 | 430 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 8241677 | 78567 | SH |  | SOLE |  | 0 | 38066 | 40501 |
| DOLLAR TREE INC | COM | 256746108 |  | 366688 | 4315 | SH |  | SOLE |  | 0 | 3112 | 1203 |
| DOWDUPONT INC | COM | 26078J100 |  | 859856 | 13038 | SH |  | SOLE |  | 0 | 10750 | 2288 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 710612 | 8986 | SH |  | SOLE |  | 0 | 7410 | 1576 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 587127 | 15817 | SH |  | SOLE |  | 0 | 13144 | 2673 |
| EOG RES INC | COM | 26875P101 |  | 916201 | 7362 | SH |  | SOLE |  | 0 | 5339 | 2023 |
| E TRADE FINANCIAL CORP | COM NEW | 269246401 |  | 152043 | 2486 | SH |  | SOLE |  | 0 | 2248 | 238 |
| EBAY INC | COM | 278642103 |  | 78031 | 2152 | SH |  | SOLE |  | 0 | 917 | 1235 |
| ECOLAB INC | COM | 278865100 |  | 7826340 | 55767 | SH |  | SOLE |  | 0 | 27118 | 28649 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 251456 | 1783 | SH |  | SOLE |  | 0 | 1610 | 173 |
| ENCANA CORP | COM | 292505104 |  | 194952 | 14935 | SH |  | SOLE |  | 0 | 12780 | 2155 |
| ENBRIDGE INC | COM | 29250N105 |  | 5596084 | 156657 | SH |  | SOLE |  | 0 | 115989 | 40668 |
| EQUIFAX INC | COM | 294429105 |  | 109730 | 877 | SH |  | SOLE |  | 0 | 793 | 84 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 1285336 | 48687 | SH |  | SOLE |  | 0 | 39491 | 9196 |
| EXELON CORP | COM | 30161N101 |  | 965131 | 22661 | SH |  | SOLE |  | 0 | 18740 | 3921 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 745711 | 9004 | SH |  | SOLE |  | 0 | 6541 | 2463 |
| FACEBOOK INC | CL A | 30303M102 |  | 656151 | 3377 | SH |  | SOLE |  | 0 | 2733 | 644 |
| FEDEX CORP | COM | 31428X106 |  | 323376 | 1424 | SH |  | SOLE |  | 0 | 1346 | 78 |
| 58 COM INC | SPON ADR REP A | 31680Q104 |  | 762 | 11 | SH |  | SOLE |  | 0 | 11 | 0 |
| FISERV INC | COM | 337738108 |  | 986671 | 13319 | SH |  | SOLE |  | 0 | 9555 | 3764 |
| FIVE BELOW INC | COM | 33829M101 |  | 88711 | 908 | SH |  | SOLE |  | 0 | 392 | 516 |
| FORTIS INC | COM | 349553107 |  | 2205672 | 69054 | SH |  | SOLE |  | 0 | 58947 | 10107 |
| FRANCO NEVADA CORP | COM | 351858105 |  | 7038446 | 96443 | SH |  | SOLE |  | 0 | 47829 | 48614 |
| FRESENIUS MED CARE AG KGA | SPONSORED ADR | 358029106 |  | 526041 | 10456 | SH |  | SOLE |  | 0 | 8442 | 2014 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 447401 | 32873 | SH |  | SOLE |  | 0 | 23869 | 9004 |
| GENERAL MLS INC | COM | 370334104 |  | 26201 | 592 | SH |  | SOLE |  | 0 | 221 | 371 |
| GENESEE  WYO INC | CL A | 371559105 |  | 107436 | 1321 | SH |  | SOLE |  | 0 | 1190 | 131 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 1842044 | 65412 | SH |  | SOLE |  | 0 | 50860 | 14552 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 249841 | 6198 | SH |  | SOLE |  | 0 | 4718 | 1480 |
| GOLDCORP INC NEW | COM | 380956409 |  | 282491 | 20597 | SH |  | SOLE |  | 0 | 19267 | 1330 |
| GROUPE CGI INC | CL A SUB VTG | 39945C109 |  | 3804334 | 60067 | SH |  | SOLE |  | 0 | 48409 | 11658 |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 |  | 107015 | 1019 | SH |  | SOLE |  | 0 | 441 | 578 |
| HOME DEPOT INC | COM | 437076102 |  | 412721 | 2115 | SH |  | SOLE |  | 0 | 1691 | 424 |
| HONEYWELL INTL INC | COM | 438516106 |  | 180795 | 1255 | SH |  | SOLE |  | 0 | 536 | 719 |
| ICICI BK LTD | ADR | 45104G104 |  | 1228 | 153 | SH |  | SOLE |  | 0 | 153 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 857208 | 6187 | SH |  | SOLE |  | 0 | 4909 | 1278 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 2990 | 90 | SH |  | SOLE |  | 0 | 90 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 302014 | 4507 | SH |  | SOLE |  | 0 | 4059 | 448 |
| INTEL CORP | COM | 458140100 |  | 469058 | 9434 | SH |  | SOLE |  | 0 | 7682 | 1752 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 153372 | 2085 | SH |  | SOLE |  | 0 | 885 | 1200 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 986234 | 7958 | SH |  | SOLE |  | 0 | 6462 | 1496 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 673547 | 6751 | SH |  | SOLE |  | 0 | 4408 | 2343 |
| IRON MTN INC NEW | COM | 46284V101 |  | 521351 | 14883 | SH |  | SOLE |  | 0 | 12048 | 2835 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 183031 | 1722 | SH |  | SOLE |  | 0 | 1502 | 220 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 106110 | 1010 | SH |  | SOLE |  | 0 | 782 | 228 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 5103 | 60 | SH |  | SOLE |  | 0 | 0 | 60 |
| ISHARES TR | US CR BD ETF | 464288620 |  | 157296 | 1468 | SH |  | SOLE |  | 0 | 1468 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3128556 | 29990 | SH |  | SOLE |  | 0 | 22731 | 7259 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3181311 | 26216 | SH |  | SOLE |  | 0 | 20226 | 5990 |
| KELLOGG CO | COM | 487836108 |  | 637445 | 9122 | SH |  | SOLE |  | 0 | 6925 | 2197 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 335191 | 3182 | SH |  | SOLE |  | 0 | 2529 | 653 |
| LAM RESEARCH CORP | COM | 512807108 |  | 506910 | 2933 | SH |  | SOLE |  | 0 | 2412 | 521 |
| LILLY ELI  CO | COM | 532457108 |  | 260853 | 3057 | SH |  | SOLE |  | 0 | 2335 | 722 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1072250 | 3627 | SH |  | SOLE |  | 0 | 2988 | 639 |
| MAGNA INTL INC | COM | 559222401 |  | 840398 | 14453 | SH |  | SOLE |  | 0 | 11341 | 3112 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 16164157 | 900017 | SH |  | SOLE |  | 0 | 488157 | 411860 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1177334 | 5990 | SH |  | SOLE |  | 0 | 4559 | 1431 |
| MCDONALDS CORP | COM | 580135101 |  | 864310 | 5515 | SH |  | SOLE |  | 0 | 4401 | 1114 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 312783 | 22278 | SH |  | SOLE |  | 0 | 17641 | 4637 |
| MERCK  CO INC | COM | 58933Y105 |  | 321103 | 5290 | SH |  | SOLE |  | 0 | 4394 | 896 |
| METHANEX CORP | COM | 59151K108 |  | 372122 | 5292 | SH |  | SOLE |  | 0 | 4349 | 943 |
| MICROSOFT CORP | COM | 594918104 |  | 6125751 | 62121 | SH |  | SOLE |  | 0 | 47504 | 14617 |
| MOLSON COORS BREWING CO | CL B | 60871R209 |  | 238616 | 3507 | SH |  | SOLE |  | 0 | 2668 | 839 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 988910 | 24108 | SH |  | SOLE |  | 0 | 17883 | 6225 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 106478 | 915 | SH |  | SOLE |  | 0 | 385 | 530 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 27249 | 488 | SH |  | SOLE |  | 0 | 180 | 308 |
| NIKE INC | CL B | 654106103 |  | 286477 | 3594 | SH |  | SOLE |  | 0 | 3239 | 355 |
| NOBLE ENERGY INC | COM | 655044105 |  | 904861 | 25648 | SH |  | SOLE |  | 0 | 19337 | 6311 |
| NOVARTIS A G | SPONSORED ADR | 66987V109 |  | 332224 | 4398 | SH |  | SOLE |  | 0 | 3653 | 745 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 437038 | 9472 | SH |  | SOLE |  | 0 | 7623 | 1849 |
| NUTRIEN LTD | COM | 67077M108 |  | 5168727 | 95019 | SH |  | SOLE |  | 0 | 72020 | 22999 |
| O REILLY AUTOMOTIVE INC NEW | COM | 67103H107 |  | 271868 | 994 | SH |  | SOLE |  | 0 | 900 | 94 |
| OMNICOM GROUP INC | COM | 681919106 |  | 563713 | 7392 | SH |  | SOLE |  | 0 | 5640 | 1752 |
| OPEN TEXT CORP | COM | 683715106 |  | 2763881 | 78543 | SH |  | SOLE |  | 0 | 62489 | 16054 |
| ORACLE CORP | COM | 68389X105 |  | 2621085 | 59489 | SH |  | SOLE |  | 0 | 46236 | 13253 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 328283 | 2106 | SH |  | SOLE |  | 0 | 1609 | 497 |
| PAYCHEX INC | COM | 704326107 |  | 461362 | 6750 | SH |  | SOLE |  | 0 | 5406 | 1344 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 3643188 | 105237 | SH |  | SOLE |  | 0 | 68679 | 36558 |
| PEPSICO INC | COM | 713448108 |  | 6816323 | 62604 | SH |  | SOLE |  | 0 | 32602 | 30002 |
| P T TELEKOMUNIKASI INDONESIA | SPONSORED ADR | 715684106 |  | 624 | 24 | SH |  | SOLE |  | 0 | 24 | 0 |
| PFIZER INC | COM | 717081103 |  | 1280783 | 35293 | SH |  | SOLE |  | 0 | 26994 | 8299 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 287515 | 3561 | SH |  | SOLE |  | 0 | 2984 | 577 |
| PRAXAIR INC | COM | 74005P104 |  | 9332145 | 58997 | SH |  | SOLE |  | 0 | 28744 | 30253 |
| PRECISION DRILLING CORP | COM 2010 | 74022D308 |  | 2799 | 850 | SH |  | SOLE |  | 0 | 850 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1032031 | 13221 | SH |  | SOLE |  | 0 | 8876 | 4345 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 8908087 | 194968 | SH |  | SOLE |  | 0 | 94481 | 100487 |
| PULTE GROUP INC | COM | 745867101 |  | 416473 | 14481 | SH |  | SOLE |  | 0 | 11657 | 2824 |
| QORVO INC | COM | 74736K101 |  | 260392 | 3248 | SH |  | SOLE |  | 0 | 2935 | 313 |
| RAYTHEON CO | COM NEW | 755111507 |  | 1267071 | 6558 | SH |  | SOLE |  | 0 | 5411 | 1147 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 240092 | 696 | SH |  | SOLE |  | 0 | 631 | 65 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 3607 | 166 | SH |  | SOLE |  | 0 | 166 | 0 |
| RELX NV | SPONSORED ADR | 75955B102 |  | 155285 | 7287 | SH |  | SOLE |  | 0 | 3147 | 4140 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 660767 | 9666 | SH |  | SOLE |  | 0 | 7781 | 1885 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 74440 | 1342 | SH |  | SOLE |  | 0 | 559 | 783 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 87930 | 529 | SH |  | SOLE |  | 0 | 221 | 308 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 8967153 | 188823 | SH |  | SOLE |  | 0 | 110273 | 78550 |
| ROYAL BK CDA MONTREAL QUE | COM | 780087102 |  | 8805514 | 116962 | SH |  | SOLE |  | 0 | 82356 | 34606 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 900543 | 13008 | SH |  | SOLE |  | 0 | 10550 | 2458 |
| RYANAIR HLDGS PLC | SPONSORED ADR NE | 783513203 |  | 3538 | 31 | SH |  | SOLE |  | 0 | 31 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 143749 | 705 | SH |  | SOLE |  | 0 | 307 | 398 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 22775 | 625 | SH |  | SOLE |  | 0 | 625 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 11309139 | 97813 | SH |  | SOLE |  | 0 | 47644 | 50169 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 120739 | 1801 | SH |  | SOLE |  | 0 | 751 | 1050 |
| SCHWAB CHARLES CORP NEW | COM | 808513105 |  | 369738 | 7237 | SH |  | SOLE |  | 0 | 5247 | 1990 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 139448 | 3285 | SH |  | SOLE |  | 0 | 2960 | 325 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 202067 | 2422 | SH |  | SOLE |  | 0 | 2422 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 291213 | 1688 | SH |  | SOLE |  | 0 | 1519 | 169 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 193146 | 9492 | SH |  | SOLE |  | 0 | 7661 | 1831 |
| SHIRE PLC | SPONSORED ADR | 82481R106 |  | 7849706 | 46503 | SH |  | SOLE |  | 0 | 22631 | 23872 |
| SIX FLAGS ENTMT CORP NEW | COM | 83001A102 |  | 684668 | 9774 | SH |  | SOLE |  | 0 | 8040 | 1734 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 167090 | 1729 | SH |  | SOLE |  | 0 | 1575 | 154 |
| SNAP ON INC | COM | 833034101 |  | 80365 | 500 | SH |  | SOLE |  | 0 | 211 | 289 |
| SONY CORP | SPONSORED ADR | 835699307 |  | 2254 | 44 | SH |  | SOLE |  | 0 | 44 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 159279 | 7217 | SH |  | SOLE |  | 0 | 6522 | 695 |
| STANTEC INC | COM | 85472N109 |  | 2599870 | 101388 | SH |  | SOLE |  | 0 | 76921 | 24467 |
| STARBUCKS CORP | COM | 855244109 |  | 237020 | 4852 | SH |  | SOLE |  | 0 | 3450 | 1402 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 4257 | 548 | SH |  | SOLE |  | 0 | 548 | 0 |
| SUN LIFE FINL INC | COM | 866796105 |  | 1209583 | 30133 | SH |  | SOLE |  | 0 | 25632 | 4501 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2816749 | 69226 | SH |  | SOLE |  | 0 | 57884 | 11342 |
| TJX COS INC NEW | COM | 872540109 |  | 691387 | 7264 | SH |  | SOLE |  | 0 | 5263 | 2001 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | 874039100 |  | 82296 | 2251 | SH |  | SOLE |  | 0 | 962 | 1289 |
| TARGA RES CORP | COM | 87612G101 |  | 454261 | 9177 | SH |  | SOLE |  | 0 | 7416 | 1761 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 40558 | 1593 | SH |  | SOLE |  | 0 | 1525 | 68 |
| TELUS CORP | COM | 87971M103 |  | 1107440 | 31181 | SH |  | SOLE |  | 0 | 26935 | 4246 |
| TEXAS INSTRS INC | COM | 882508104 |  | 949717 | 8615 | SH |  | SOLE |  | 0 | 7126 | 1489 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 12859456 | 62072 | SH |  | SOLE |  | 0 | 33040 | 29032 |
| THOMSON REUTERS CORP | COM | 884903105 |  | 2090340 | 51819 | SH |  | SOLE |  | 0 | 40667 | 11152 |
| 3M CO | COM | 88579Y101 |  | 1819162 | 9247 | SH |  | SOLE |  | 0 | 7053 | 2194 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 30582963 | 528518 | SH |  | SOLE |  | 0 | 314891 | 213627 |
| TOTAL S A | SPONSORED ADR | 89151E109 |  | 919210 | 15141 | SH |  | SOLE |  | 0 | 12287 | 2854 |
| TRANSALTA CORP | COM | 89346D107 |  | 22272 | 4477 | SH |  | SOLE |  | 0 | 4139 | 338 |
| TRANSCANADA CORP | COM | 89353D107 |  | 8831245 | 204142 | SH |  | SOLE |  | 0 | 106668 | 97474 |
| TRINITY INDS INC | COM | 896522109 |  | 6852 | 200 | SH |  | SOLE |  | 0 | 200 | 0 |
| TURKCELL ILETISIM HIZMETLERI | SPON ADR NEW | 900111204 |  | 1351 | 207 | SH |  | SOLE |  | 0 | 207 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1331216 | 26619 | SH |  | SOLE |  | 0 | 19303 | 7316 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 106924 | 458 | SH |  | SOLE |  | 0 | 413 | 45 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 405036 | 7327 | SH |  | SOLE |  | 0 | 4312 | 3015 |
| UNILEVER N V | N Y SHS NEW | 904784709 |  | 730676 | 13111 | SH |  | SOLE |  | 0 | 10788 | 2323 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 8757176 | 70035 | SH |  | SOLE |  | 0 | 34106 | 35929 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 10213397 | 41616 | SH |  | SOLE |  | 0 | 21028 | 20588 |
| VAREX IMAGING CORP | COM | 92214X106 |  | 76776 | 2070 | SH |  | SOLE |  | 0 | 1751 | 319 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 911627 | 18113 | SH |  | SOLE |  | 0 | 13951 | 4162 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1154977 | 10730 | SH |  | SOLE |  | 0 | 7791 | 2939 |
| VERMILION ENERGY INC | COM | 923725105 |  | 1080276 | 30145 | SH |  | SOLE |  | 0 | 25490 | 4655 |
| VISA INC | COM CL A | 92826C839 |  | 16388062 | 123525 | SH |  | SOLE |  | 0 | 66324 | 57201 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 296071 | 12184 | SH |  | SOLE |  | 0 | 9789 | 2395 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 410333 | 6347 | SH |  | SOLE |  | 0 | 5244 | 1103 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 894809 | 14911 | SH |  | SOLE |  | 0 | 10820 | 4091 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 122667 | 1633 | SH |  | SOLE |  | 0 | 1396 | 237 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 625585 | 7691 | SH |  | SOLE |  | 0 | 6337 | 1354 |
| WELBILT INC | COM | 949090104 |  | 140727 | 6305 | SH |  | SOLE |  | 0 | 2681 | 3624 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1664821 | 30013 | SH |  | SOLE |  | 0 | 22205 | 7808 |
| WESTPAC BKG CORP | SPONSORED ADR | 961214301 |  | 384404 | 17739 | SH |  | SOLE |  | 0 | 14345 | 3394 |
| WINMARK CORP | COM | 974250102 |  | 69525 | 472 | SH |  | SOLE |  | 0 | 396 | 76 |
| WORLDPAY INC | CL A | 981558109 |  | 194660 | 2380 | SH |  | SOLE |  | 0 | 1010 | 1370 |
| XILINX INC | COM | 983919101 |  | 323037 | 4950 | SH |  | SOLE |  | 0 | 3977 | 973 |
| ZOETIS INC | CL A | 98978V103 |  | 168735 | 1980 | SH |  | SOLE |  | 0 | 845 | 1135 |
| AON PLC | SHS CL A | G0408V102 |  | 168843 | 1231 | SH |  | SOLE |  | 0 | 533 | 698 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 147639 | 4871 | SH |  | SOLE |  | 0 | 4406 | 465 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 805337 | 4922 | SH |  | SOLE |  | 0 | 3594 | 1328 |
| BROOKFIELD PPTY PARTNERS L P | UNIT LTD PARTN | G16249107 |  | 332930 | 17563 | SH |  | SOLE |  | 0 | 16626 | 937 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 176204 | 4596 | SH |  | SOLE |  | 0 | 3461 | 1135 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 55516 | 1850 | SH |  | SOLE |  | 0 | 1656 | 194 |
| COCA COLA EUROPEAN PARTNERS | SHS | G25839104 |  | 96455 | 2374 | SH |  | SOLE |  | 0 | 979 | 1395 |
| EATON CORP PLC | SHS | G29183103 |  | 127224 | 1702 | SH |  | SOLE |  | 0 | 721 | 981 |
| ENSCO PLC | SHS CLASS A | G3157S106 |  | 87410 | 12040 | SH |  | SOLE |  | 0 | 11104 | 936 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 518026 | 6051 | SH |  | SOLE |  | 0 | 4398 | 1653 |
| NIELSEN HLDGS PLC | SHS EUR | G6518L108 |  | 6510917 | 210573 | SH |  | SOLE |  | 0 | 109987 | 100586 |
| NORDIC AMERN OFFSHORE LTD | SHS | G65772108 |  | 912 | 800 | SH |  | SOLE |  | 0 | 800 | 0 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 121534 | 9036 | SH |  | SOLE |  | 0 | 8105 | 931 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 682 | 19 | SH |  | SOLE |  | 0 | 19 | 0 |

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