# EDGAR Filing Document

**Accession Number:** 0001621915
**File Stem:** 0001085146-25-004247
**Filing Date:** 2025-7
**Character Count:** 42391
**Document Hash:** 2b40ad28f43517ba7686a3bbe2bd6495
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004247.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001085146-25-004247

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16679
- **FILM NUMBER:** 251161503

**BUSINESS ADDRESS:**
- **STREET 1:** 60 BLOOR ST. W, 9TH FLOOR
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M4W 3B8
- **BUSINESS PHONE:** 416-977-6767

**MAIL ADDRESS:**
- **STREET 1:** 60 BLOOR ST. W, 9TH FLOOR
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M4W 3B8

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

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

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

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

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

/s/ TIZIANA MAZZILLI  TORONTO, A6  07-29-2025<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:** 360

**Form 13F Information Table Value Total:** $1664696205

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 696346 | 4574 | SH |  | SOLE |  | 4574 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 44771908 | 329181 | SH |  | SOLE |  | 329181 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1379157 | 7430 | SH |  | SOLE |  | 7430 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 749915 | 2509 | SH |  | SOLE |  | 2509 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 11054709 | 28574 | SH |  | SOLE |  | 28574 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 347229 | 2447 | SH |  | SOLE |  | 2447 | 0 | 0 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 134719 | 12806 | SH |  | SOLE |  | 12806 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 402752 | 3819 | SH |  | SOLE |  | 3819 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 1581258 | 13299 | SH |  | SOLE |  | 13299 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 337344 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 | BBG001S8LHC5 | 18145310 | 3178346 | SH |  | SOLE |  | 3178346 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 480527 | 2387 | SH |  | SOLE |  | 2387 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 | BBG001S5RLN4 | 235414 | 6044 | SH |  | SOLE |  | 6044 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 6358731 | 36082 | SH |  | SOLE |  | 36082 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 5047810 | 28456 | SH |  | SOLE |  | 28456 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 1027491 | 17525 | SH |  | SOLE |  | 17525 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 4915652 | 22406 | SH |  | SOLE |  | 22406 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 387506 | 3735 | SH |  | SOLE |  | 3735 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 819779 | 2570 | SH |  | SOLE |  | 2570 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 745574 | 8711 | SH |  | SOLE |  | 8711 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 324678 | 1469 | SH |  | SOLE |  | 1469 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 3899532 | 28032 | SH |  | SOLE |  | 28032 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 263129 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 905199 | 3242 | SH |  | SOLE |  | 3242 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 2366544 | 23965 | SH |  | SOLE |  | 23965 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 728341 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 | BBG001S926L8 | 240937 | 686 | SH |  | SOLE |  | 686 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 16121028 | 78574 | SH |  | SOLE |  | 78574 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 652828 | 3566 | SH |  | SOLE |  | 3566 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 706460 | 13385 | SH |  | SOLE |  | 13385 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 209622 | 1645 | SH |  | SOLE |  | 1645 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 13684536 | 17076 | SH |  | SOLE |  | 17076 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 41927790 | 599997 | SH |  | SOLE |  | 599997 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 3008081 | 103942 | SH |  | SOLE |  | 103942 | 0 | 0 |
| ATS CORPORATION | COM | 00217Y104 | BBG001S5XWC5 | 295050 | 9270 | SH |  | SOLE |  | 9270 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 332455 | 1078 | SH |  | SOLE |  | 1078 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 | BBG001T0CNW6 | 248794 | 69000 | SH |  | SOLE |  | 69000 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | BBG00GBVBK60 | 273978 | 7146 | SH |  | SOLE |  | 7146 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 3618560 | 76470 | SH |  | SOLE |  | 76470 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 | BBG001S5Y203 | 6638149 | 60021 | SH |  | SOLE |  | 60021 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 517414 | 5679 | SH |  | SOLE |  | 5679 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 | BBG001S5Y2B1 | 9715478 | 176053 | SH |  | SOLE |  | 176053 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 384371 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 | BBG001S5P2C0 | 770716 | 34821 | SH |  | SOLE |  | 34821 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 360347 | 2092 | SH |  | SOLE |  | 2092 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 7288000 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 5074353 | 10446 | SH |  | SOLE |  | 10446 | 0 | 0 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 265029 | 3948 | SH |  | SOLE |  | 3948 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 | BBG001S67826 | 233849 | 1862 | SH |  | SOLE |  | 1862 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 647387 | 617 | SH |  | SOLE |  | 617 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 252341 | 1687 | SH |  | SOLE |  | 1687 | 0 | 0 |
| BLOCK INC | CL A | 852234103 | BBG001TFLWL5 | 310576 | 4572 | SH |  | SOLE |  | 4572 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 278465 | 1329 | SH |  | SOLE |  | 1329 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 555767 | 96 | SH |  | SOLE |  | 96 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 217398 | 2024 | SH |  | SOLE |  | 2024 | 0 | 0 |
| BRAGG GAMING GROUP INC | COM NEW | 104833306 | BBG001SM49Z6 | 814783 | 189077 | SH |  | SOLE |  | 189077 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1040877 | 22486 | SH |  | SOLE |  | 22486 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1562936 | 5670 | SH |  | SOLE |  | 5670 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 510806 | 8270 | SH |  | SOLE |  | 8270 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 | BBG001S5P686 | 201537 | 6028 | SH |  | SOLE |  | 6028 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 5558621 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CANADIAN IMPERIAL BK COMM | COM | 136069101 | BBG001S5YBB1 | 32106511 | 453232 | SH |  | SOLE |  | 453232 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG001S5YC56 | 4821477 | 153713 | SH |  | SOLE |  | 153713 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 41518642 | 399269 | SH |  | SOLE |  | 399269 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG001S7F4Z8 | 12207235 | 153973 | SH |  | SOLE |  | 153973 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 2246958 | 10561 | SH |  | SOLE |  | 10561 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 201600 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 746977 | 10206 | SH |  | SOLE |  | 10206 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 955773 | 2462 | SH |  | SOLE |  | 2462 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 25397968 | 108906 | SH |  | SOLE |  | 108906 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG001SC2D27 | 270432 | 1930 | SH |  | SOLE |  | 1930 | 0 | 0 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 260570 | 869 | SH |  | SOLE |  | 869 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 608316 | 11207 | SH |  | SOLE |  | 11207 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 | BBG001S5YY67 | 37565297 | 358422 | SH |  | SOLE |  | 358422 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG001T3TDG2 | 846237 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG001S7W158 | 230379 | 946 | SH |  | SOLE |  | 946 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 3693729 | 25796 | SH |  | SOLE |  | 25796 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 613917 | 2119 | SH |  | SOLE |  | 2119 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 2170553 | 31285 | SH |  | SOLE |  | 31285 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 2429240 | 28539 | SH |  | SOLE |  | 28539 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 207193 | 4630 | SH |  | SOLE |  | 4630 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 115885 | 15248 | SH |  | SOLE |  | 15248 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 249436 | 905 | SH |  | SOLE |  | 905 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 22353746 | 322658 | SH |  | SOLE |  | 322658 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 954630 | 13493 | SH |  | SOLE |  | 13493 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG001S5STN6 | 403493 | 5171 | SH |  | SOLE |  | 5171 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 29911554 | 329060 | SH |  | SOLE |  | 329060 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 | BBG001S79G88 | 16880748 | 129280 | SH |  | SOLE |  | 129280 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 2522212 | 70670 | SH |  | SOLE |  | 70670 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 14021606 | 156247 | SH |  | SOLE |  | 156247 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 294527 | 2935 | SH |  | SOLE |  | 2935 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 254980 | 790 | SH |  | SOLE |  | 790 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 263686 | 5014 | SH |  | SOLE |  | 5014 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 294617 | 3953 | SH |  | SOLE |  | 3953 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 2023437 | 2044 | SH |  | SOLE |  | 2044 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 249018 | 2424 | SH |  | SOLE |  | 2424 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 504231 | 15453 | SH |  | SOLE |  | 15453 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 320950 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 2406229 | 34883 | SH |  | SOLE |  | 34883 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 370129 | 2871 | SH |  | SOLE |  | 2871 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 423921 | 2146 | SH |  | SOLE |  | 2146 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1043930 | 2053 | SH |  | SOLE |  | 2053 | 0 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 | BBG001SBJY34 | 14428267 | 142322 | SH |  | SOLE |  | 142322 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 310211 | 9752 | SH |  | SOLE |  | 9752 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1159866 | 9353 | SH |  | SOLE |  | 9353 | 0 | 0 |
| DOCEBO INC | COM | 25609L105 | BBG00Q2B1CB5 | 733224 | 25348 | SH |  | SOLE |  | 25348 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 473304 | 4138 | SH |  | SOLE |  | 4138 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 | BBG001S6ZGL6 | 287810 | 2906 | SH |  | SOLE |  | 2906 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 418983 | 7413 | SH |  | SOLE |  | 7413 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 425375 | 16064 | SH |  | SOLE |  | 16064 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 713664 | 6048 | SH |  | SOLE |  | 6048 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 | BBG003D4V960 | 646192 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 444326 | 6478 | SH |  | SOLE |  | 6478 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 447281 | 6007 | SH |  | SOLE |  | 6007 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 | BBG001S5T5C9 | 210165 | 1316 | SH |  | SOLE |  | 1316 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 | BBG001S6KBQ8 | 1116704 | 2871 | SH |  | SOLE |  | 2871 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 16475367 | 21135 | SH |  | SOLE |  | 21135 | 0 | 0 |
| EMERA INC | COM | 290876101 | BBG001S8TF95 | 1044389 | 22845 | SH |  | SOLE |  | 22845 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 379591 | 2847 | SH |  | SOLE |  | 2847 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 2352741 | 51989 | SH |  | SOLE |  | 51989 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 | BBG00YC538B7 | 187423 | 18126 | SH |  | SOLE |  | 18126 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 256508 | 3086 | SH |  | SOLE |  | 3086 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 620297 | 5186 | SH |  | SOLE |  | 5186 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 211664 | 3327 | SH |  | SOLE |  | 3327 | 0 | 0 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 429380 | 9889 | SH |  | SOLE |  | 9889 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 | BBG00Z6DX607 | 891317 | 7622 | SH |  | SOLE |  | 7622 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 5009358 | 46469 | SH |  | SOLE |  | 46469 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 637377 | 2804 | SH |  | SOLE |  | 2804 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 279591 | 1284 | SH |  | SOLE |  | 1284 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 | BBG001S8SWQ0 | 242520 | 2979 | SH |  | SOLE |  | 2979 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 209434 | 5092 | SH |  | SOLE |  | 5092 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 1860476 | 10791 | SH |  | SOLE |  | 10791 | 0 | 0 |
| FORD MTR CO | COM | 345370860 | BBG001S5TZ33 | 1067922 | 98426 | SH |  | SOLE |  | 98426 | 0 | 0 |
| FORTIS INC | COM | 349553107 | BBG001S5YVM5 | 44661068 | 937252 | SH |  | SOLE |  | 937252 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 | BBG001STGSR5 | 429608 | 2622 | SH |  | SOLE |  | 2622 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 385772 | 8899 | SH |  | SOLE |  | 8899 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 | BBG0120SWLT9 | 547741 | 25011 | SH |  | SOLE |  | 25011 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 479260 | 1862 | SH |  | SOLE |  | 1862 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 259986 | 3510 | SH |  | SOLE |  | 3510 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 291033 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 646319 | 2216 | SH |  | SOLE |  | 2216 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 433857 | 8374 | SH |  | SOLE |  | 8374 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 1392741 | 28302 | SH |  | SOLE |  | 28302 | 0 | 0 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 8717979 | 396452 | SH |  | SOLE |  | 396452 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 | BBG001SJ0DH8 | 79745 | 10250 | SH |  | SOLE |  | 10250 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 915786 | 8260 | SH |  | SOLE |  | 8260 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 1536525 | 2171 | SH |  | SOLE |  | 2171 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 | BBG001S5RQ62 | 112224 | 10822 | SH |  | SOLE |  | 10822 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 260060 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | TR UNIT NEW | 387437205 | BBG01Q41FZ73 | 10007939 | 197396 | SH |  | SOLE |  | 197396 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG001S8PXF3 | 266554 | 2101 | SH |  | SOLE |  | 2101 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 560858 | 1464 | SH |  | SOLE |  | 1464 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | BBG011N571V5 | 89125 | 13049 | SH |  | SOLE |  | 13049 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | BBG0078W3NP4 | 410207 | 20059 | SH |  | SOLE |  | 20059 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2269 | 204127 | 4969 | SH |  | SOLE |  | 4969 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 1724308 | 4703 | SH |  | SOLE |  | 4703 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 858727 | 3686 | SH |  | SOLE |  | 3686 | 0 | 0 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 314653 | 12864 | SH |  | SOLE |  | 12864 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 593842 | 2429 | SH |  | SOLE |  | 2429 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 172310 | 10281 | SH |  | SOLE |  | 10281 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 335766 | 1358 | SH |  | SOLE |  | 1358 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 | BBG001S5T1N6 | 713535 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 2334618 | 104224 | SH |  | SOLE |  | 104224 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 280342 | 1528 | SH |  | SOLE |  | 1528 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2363546 | 8018 | SH |  | SOLE |  | 8018 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 | BBG001S5SBF4 | 295731 | 6315 | SH |  | SOLE |  | 6315 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 335530 | 426 | SH |  | SOLE |  | 426 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 | BBG00XS6PBW6 | 575471 | 2534 | SH |  | SOLE |  | 2534 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 | BBG001SS8729 | 1784154 | 31072 | SH |  | SOLE |  | 31072 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI EMRGNG MRKT | 46138E727 | BBG001SSJYS0 | 12877598 | 550560 | SH |  | SOLE |  | 550560 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 4888779 | 115656 | SH |  | SOLE |  | 115656 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 | BBG001SPSDJ2 | 235479 | 5790 | SH |  | SOLE |  | 5790 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 14192077 | 78090 | SH |  | SOLE |  | 78090 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 348897 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 | BBG001S8SYN9 | 1175380 | 15678 | SH |  | SOLE |  | 15678 | 0 | 0 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 | BBG003HC6JD6 | 263926 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 3110088 | 5009 | SH |  | SOLE |  | 5009 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 750524 | 7568 | SH |  | SOLE |  | 7568 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 516044 | 4708 | SH |  | SOLE |  | 4708 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 | BBG001SSD8B1 | 267587 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 284849 | 2215 | SH |  | SOLE |  | 2215 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 683728 | 7285 | SH |  | SOLE |  | 7285 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 | BBG001SSD803 | 1176546 | 10655 | SH |  | SOLE |  | 10655 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 | BBG001SFB7Z7 | 415848 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG001S7RB70 | 244272 | 1120 | SH |  | SOLE |  | 1120 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 43596970 | 331662 | SH |  | SOLE |  | 331662 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2397564 | 15696 | SH |  | SOLE |  | 15696 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 372944 | 3531 | SH |  | SOLE |  | 3531 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 26923652 | 92869 | SH |  | SOLE |  | 92869 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG001ST5W34 | 200906 | 6077 | SH |  | SOLE |  | 6077 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 231612 | 1796 | SH |  | SOLE |  | 1796 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 469195 | 15959 | SH |  | SOLE |  | 15959 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 284845 | 318 | SH |  | SOLE |  | 318 | 0 | 0 |
| KOHLS CORP | COM | 500255104 | BBG001S71NV5 | 107696 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 284846 | 11032 | SH |  | SOLE |  | 11032 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 775330 | 10809 | SH |  | SOLE |  | 10809 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 407364 | 1624 | SH |  | SOLE |  | 1624 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 247022 | 941 | SH |  | SOLE |  | 941 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 535175 | 5498 | SH |  | SOLE |  | 5498 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 299421 | 2707 | SH |  | SOLE |  | 2707 | 0 | 0 |
| LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 | BBG00B0JR9Q6 | 455906 | 38929 | SH |  | SOLE |  | 38929 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 948511 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 13778127 | 62100 | SH |  | SOLE |  | 62100 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 | BBG001S5Q8G2 | 305523 | 69754 | SH |  | SOLE |  | 69754 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 320544 | 5540 | SH |  | SOLE |  | 5540 | 0 | 0 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 135116 | 11588 | SH |  | SOLE |  | 11588 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG001S76KD6 | 15845088 | 496570 | SH |  | SOLE |  | 496570 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 1345325 | 8099 | SH |  | SOLE |  | 8099 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 24088106 | 88167 | SH |  | SOLE |  | 88167 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 730522 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG001S79S19 | 4028013 | 53126 | SH |  | SOLE |  | 53126 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 920920 | 3152 | SH |  | SOLE |  | 3152 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 326820 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 | BBG001S7WM61 | 46423 | 10771 | SH |  | SOLE |  | 10771 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 836483 | 9596 | SH |  | SOLE |  | 9596 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 26784480 | 10248 | SH |  | SOLE |  | 10248 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1193020 | 15071 | SH |  | SOLE |  | 15071 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 4553277 | 6169 | SH |  | SOLE |  | 6169 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 480349 | 5973 | SH |  | SOLE |  | 5973 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 | BBG001S787B5 | 201751 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 2690794 | 21832 | SH |  | SOLE |  | 21832 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 79529393 | 159887 | SH |  | SOLE |  | 159887 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 629418 | 9333 | SH |  | SOLE |  | 9333 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 | BBG001SDRGP6 | 986632 | 1349 | SH |  | SOLE |  | 1349 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 980526 | 6961 | SH |  | SOLE |  | 6961 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 297786 | 8163 | SH |  | SOLE |  | 8163 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 7883205 | 18749 | SH |  | SOLE |  | 18749 | 0 | 0 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 | BBG001SD9VH2 | 5181392 | 69633 | SH |  | SOLE |  | 69633 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 901234 | 673 | SH |  | SOLE |  | 673 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 | BBG001S5TSW7 | 70319 | 13022 | SH |  | SOLE |  | 13022 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 633828 | 10887 | SH |  | SOLE |  | 10887 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 2072951 | 29861 | SH |  | SOLE |  | 29861 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 577555 | 8130 | SH |  | SOLE |  | 8130 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 469961 | 1836 | SH |  | SOLE |  | 1836 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 509980 | 1020 | SH |  | SOLE |  | 1020 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 256446 | 1597 | SH |  | SOLE |  | 1597 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 582671 | 4498 | SH |  | SOLE |  | 4498 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 301233 | 5180 | SH |  | SOLE |  | 5180 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 26105320 | 165234 | SH |  | SOLE |  | 165234 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 353640 | 8418 | SH |  | SOLE |  | 8418 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 233462 | 2860 | SH |  | SOLE |  | 2860 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 | BBG001SBS5H2 | 27161844 | 931450 | SH |  | SOLE |  | 931450 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1141249 | 5220 | SH |  | SOLE |  | 5220 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 260836 | 2894 | SH |  | SOLE |  | 2894 | 0 | 0 |
| ORGANIGRAM GLOBAL INC | COM | 68617J100 | BBG002003J54 | 50033 | 37103 | SH |  | SOLE |  | 37103 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG001S5V1S8 | 325485 | 3424 | SH |  | SOLE |  | 3424 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 | BBG001S6L063 | 342934 | 26584 | SH |  | SOLE |  | 26584 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 247258 | 354 | SH |  | SOLE |  | 354 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 237391 | 1632 | SH |  | SOLE |  | 1632 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 453724 | 6105 | SH |  | SOLE |  | 6105 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 | BBG001SB0CJ5 | 9236622 | 246497 | SH |  | SOLE |  | 246497 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1095536 | 8297 | SH |  | SOLE |  | 8297 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1861074 | 76777 | SH |  | SOLE |  | 76777 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 1577246 | 8660 | SH |  | SOLE |  | 8660 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 920042 | 7712 | SH |  | SOLE |  | 7712 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 540804 | 2901 | SH |  | SOLE |  | 2901 | 0 | 0 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 219506 | 6477 | SH |  | SOLE |  | 6477 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 263252 | 2728 | SH |  | SOLE |  | 2728 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 12310019 | 77266 | SH |  | SOLE |  | 77266 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 420571 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 214865 | 2044 | SH |  | SOLE |  | 2044 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 372817 | 3470 | SH |  | SOLE |  | 3470 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 223919 | 2660 | SH |  | SOLE |  | 2660 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 | BBG001S5V5K7 | 262701 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 964638 | 6057 | SH |  | SOLE |  | 6057 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 643114 | 1701 | SH |  | SOLE |  | 1701 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 | BBG001SBQWW8 | 73114751 | 689600 | SH |  | SOLE |  | 689600 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 242025 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| RELIANCE INC | COM | 759509102 | BBG001S81M27 | 227578 | 725 | SH |  | SOLE |  | 725 | 0 | 0 |
| RELX PLC | SPONSORED ADR | 759530108 | BBG001S898V8 | 925519 | 17032 | SH |  | SOLE |  | 17032 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 | BBG0076WG2T4 | 44333394 | 669683 | SH |  | SOLE |  | 669683 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 6976443 | 119603 | SH |  | SOLE |  | 119603 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 203620 | 613 | SH |  | SOLE |  | 613 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 | BBG001S604S4 | 300682 | 10158 | SH |  | SOLE |  | 10158 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 247505 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG001S60869 | 77158726 | 586633 | SH |  | SOLE |  | 586633 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 1094712 | 7497 | SH |  | SOLE |  | 7497 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 397577 | 754 | SH |  | SOLE |  | 754 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 13468704 | 49392 | SH |  | SOLE |  | 49392 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 38622221 | 127005 | SH |  | SOLE |  | 127005 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 334214 | 9888 | SH |  | SOLE |  | 9888 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 1669418 | 18297 | SH |  | SOLE |  | 18297 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 1516758 | 37900 | SH |  | SOLE |  | 37900 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | BBG0051J0PJ9 | 5662580 | 230749 | SH |  | SOLE |  | 230749 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 | BBG0051NXNX3 | 461007 | 16091 | SH |  | SOLE |  | 16091 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 255572 | 3373 | SH |  | SOLE |  | 3373 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 214257 | 624 | SH |  | SOLE |  | 624 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 | BBG00YQ82328 | 394719 | 92875 | SH |  | SOLE |  | 92875 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 609568 | 6638 | SH |  | SOLE |  | 6638 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 591065 | 1939 | SH |  | SOLE |  | 1939 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 363296 | 588 | SH |  | SOLE |  | 588 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 422875 | 4610 | SH |  | SOLE |  | 4610 | 0 | 0 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 | BBG001T66XM9 | 229813 | 8915 | SH |  | SOLE |  | 8915 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 | BBG001V0MZS0 | 377190 | 2291 | SH |  | SOLE |  | 2291 | 0 | 0 |
| STAGWELL INC | COM CL A | 85256A109 | BBG00ZV0HW08 | 9178560 | 2039680 | SH |  | SOLE |  | 2039680 | 0 | 0 |
| STANTEC INC | COM | 85472N109 | BBG001S6JJQ3 | 17574921 | 161848 | SH |  | SOLE |  | 161848 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 602101 | 6571 | SH |  | SOLE |  | 6571 | 0 | 0 |
| STATE STR CORP | COM | 857477103 | BBG001S5RLD5 | 271167 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 279190 | 2181 | SH |  | SOLE |  | 2181 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 750906 | 1898 | SH |  | SOLE |  | 1898 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 | BBG001S7XWH6 | 1797322 | 27066 | SH |  | SOLE |  | 27066 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 366434 | 9802 | SH |  | SOLE |  | 9802 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 579837 | 8688 | SH |  | SOLE |  | 8688 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 248200 | 3277 | SH |  | SOLE |  | 3277 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 901657 | 3981 | SH |  | SOLE |  | 3981 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 706827 | 7165 | SH |  | SOLE |  | 7165 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 1043118 | 21410 | SH |  | SOLE |  | 21410 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 | BBG001S60K53 | 357292 | 22292 | SH |  | SOLE |  | 22292 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 7033628 | 22142 | SH |  | SOLE |  | 22142 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 792070 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 1384800 | 4189 | SH |  | SOLE |  | 4189 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 632518 | 1560 | SH |  | SOLE |  | 1560 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 | BBG001S5WSW3 | 25897255 | 129042 | SH |  | SOLE |  | 129042 | 0 | 0 |
| THREDUP INC | CL A | 88556E102 | BBG001V1BJ88 | 215712 | 28800 | SH |  | SOLE |  | 28800 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 477906 | 3870 | SH |  | SOLE |  | 3870 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 505588 | 2122 | SH |  | SOLE |  | 2122 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG001S60L15 | 40277908 | 548715 | SH |  | SOLE |  | 548715 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 539896 | 2018 | SH |  | SOLE |  | 2018 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 477662 | 11111 | SH |  | SOLE |  | 11111 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 400922 | 7167 | SH |  | SOLE |  | 7167 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 17177930 | 184115 | SH |  | SOLE |  | 184115 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 23137075 | 100561 | SH |  | SOLE |  | 100561 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 760886 | 7538 | SH |  | SOLE |  | 7538 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 257663 | 342 | SH |  | SOLE |  | 342 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 2031237 | 6511 | SH |  | SOLE |  | 6511 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 646577 | 14289 | SH |  | SOLE |  | 14289 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 1140823 | 8487 | SH |  | SOLE |  | 8487 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 342607 | 6581 | SH |  | SOLE |  | 6581 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 5626905 | 9906 | SH |  | SOLE |  | 9906 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 341268 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 1287275 | 5432 | SH |  | SOLE |  | 5432 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1445187 | 4755 | SH |  | SOLE |  | 4755 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 437432 | 2475 | SH |  | SOLE |  | 2475 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 835838 | 10785 | SH |  | SOLE |  | 10785 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 6417428 | 31355 | SH |  | SOLE |  | 31355 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 5789137 | 101546 | SH |  | SOLE |  | 101546 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 2860926 | 66118 | SH |  | SOLE |  | 66118 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 211864 | 23725 | SH |  | SOLE |  | 23725 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 47738603 | 134456 | SH |  | SOLE |  | 134456 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 260674 | 1345 | SH |  | SOLE |  | 1345 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG001S5XBY7 | 843562 | 73481 | SH |  | SOLE |  | 73481 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 2846278 | 29109 | SH |  | SOLE |  | 29109 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 424135 | 37010 | SH |  | SOLE |  | 37010 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 25538816 | 136991 | SH |  | SOLE |  | 136991 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 377553 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 20935239 | 200914 | SH |  | SOLE |  | 200914 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 3089427 | 38560 | SH |  | SOLE |  | 38560 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 209995 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 | BBG001S60WD8 | 202354 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 | BBG001S5XD28 | 223773 | 3497 | SH |  | SOLE |  | 3497 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 209810 | 8167 | SH |  | SOLE |  | 8167 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 357263 | 5688 | SH |  | SOLE |  | 5688 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG001SHY2Q9 | 41600632 | 135728 | SH |  | SOLE |  | 135728 | 0 | 0 |
| WISDOMTREE TR | INTL QULTY DIV | 97717X131 | BBG00CMD6MV1 | 232370 | 5862 | SH |  | SOLE |  | 5862 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 | BBG004LMH3Z6 | 388470 | 4639 | SH |  | SOLE |  | 4639 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 271787 | 3991 | SH |  | SOLE |  | 3991 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 | BBG00NNG2ZK6 | 56937 | 10804 | SH |  | SOLE |  | 10804 | 0 | 0 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 241644 | 1868 | SH |  | SOLE |  | 1868 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 208637 | 1408 | SH |  | SOLE |  | 1408 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 18565692 | 119049 | SH |  | SOLE |  | 119049 | 0 | 0 |

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