# EDGAR Filing Document

**Accession Number:** 0002033536
**File Stem:** 0002033536-25-000051
**Filing Date:** 2025-7
**Character Count:** 41758
**Document Hash:** 20a891df5af04d0ad915dcd532063004
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002033536-25-000051.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0002033536-25-000051

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20200930

**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:** 251110559

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2020

**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:** 395

**Form 13F Information Table Value Total:** $2270153069

      (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 |
| ADT INC DEL | COM | 00090Q103 |  | 2938568 | 359680 | SH |  | SOLE |  | 359680 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 7804298 | 214700 | SH |  | SOLE |  | 214700 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 5210252 | 287702 | SH |  | SOLE |  | 287702 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 4264215 | 149570 | SH |  | SOLE |  | 149570 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 12645100 | 116192 | SH |  | SOLE |  | 116192 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 3534147 | 40349 | SH |  | SOLE |  | 40349 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 7641958 | 94404 | SH |  | SOLE |  | 94404 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 10665317 | 21747 | SH |  | SOLE |  | 21747 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 18127504 | 179588 | SH |  | SOLE |  | 179588 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 765742 | 9611 | SH |  | SOLE |  | 9611 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1844933 | 6194 | SH |  | SOLE |  | 6194 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 3374876 | 30531 | SH |  | SOLE |  | 30531 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 137547 | 15614 | SH |  | SOLE |  | 15614 | 0 | 0 |
| ALEXION PHARMACEUTICALS INC | COM | 015351109 |  | 1091655 | 9540 | SH |  | SOLE |  | 9540 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 247785 | 17060 | SH |  | SOLE |  | 17060 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 32768873 | 111467 | SH |  | SOLE |  | 111467 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 17108981 | 11642 | SH |  | SOLE |  | 11642 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 24023972 | 16392 | SH |  | SOLE |  | 16392 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 |  | 1995358 | 76745 | SH |  | SOLE |  | 76745 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 31534343 | 10015 | SH |  | SOLE |  | 10015 | 0 | 0 |
| AMEDISYS INC | COM | 023436108 |  | 2045580 | 8652 | SH |  | SOLE |  | 8652 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 1098414 | 13890 | SH |  | SOLE |  | 13890 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1978753 | 24211 | SH |  | SOLE |  | 24211 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7616247 | 75973 | SH |  | SOLE |  | 75973 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 421344 | 15305 | SH |  | SOLE |  | 15305 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 6868233 | 28413 | SH |  | SOLE |  | 28413 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 20659909 | 142601 | SH |  | SOLE |  | 142601 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 3001890 | 19479 | SH |  | SOLE |  | 19479 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 3841687 | 38649 | SH |  | SOLE |  | 38649 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 13504457 | 53134 | SH |  | SOLE |  | 53134 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4988153 | 42729 | SH |  | SOLE |  | 42729 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 12297884 | 37582 | SH |  | SOLE |  | 37582 | 0 | 0 |
| ANTHEM INC | COM | 036752103 |  | 5601679 | 20856 | SH |  | SOLE |  | 20856 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 43905625 | 379120 | SH |  | SOLE |  | 379120 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1859703 | 31282 | SH |  | SOLE |  | 31282 | 0 | 0 |
| AURINIA PHARMACEUTICALS INC | COM | 05156V102 |  | 51441 | 3493 | SH |  | SOLE |  | 3493 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 14322996 | 62002 | SH |  | SOLE |  | 62002 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 8980452 | 64381 | SH |  | SOLE |  | 64381 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 10664644 | 9056 | SH |  | SOLE |  | 9056 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 13174757 | 317692 | SH |  | SOLE |  | 317692 | 0 | 0 |
| BRP INC | COM SUN VTG | 05577W200 |  | 60863 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| BALLARD PWR SYS INC NEW | COM | 058586108 |  | 90237 | 5972 | SH |  | SOLE |  | 5972 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 8818453 | 366065 | SH |  | SOLE |  | 366065 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 1079833 | 18472 | SH |  | SOLE |  | 18472 | 0 | 0 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 28930208 | 696353 | SH |  | SOLE |  | 696353 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 214095 | 13772 | SH |  | SOLE |  | 13772 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 4505182 | 56021 | SH |  | SOLE |  | 56021 | 0 | 0 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 5506 | 15941 | SH |  | SOLE |  | 15941 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 3743798 | 16090 | SH |  | SOLE |  | 16090 | 0 | 0 |
| BEIGENE LTD | SPONSORED ADR | 07725L102 |  | 1464559 | 5113 | SH |  | SOLE |  | 5113 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5648625 | 26527 | SH |  | SOLE |  | 26527 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 3246087 | 29168 | SH |  | SOLE |  | 29168 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 1958310 | 36611 | SH |  | SOLE |  | 36611 | 0 | 0 |
| BLACKBERRY LTD | COM | 09228F103 |  | 72357 | 15769 | SH |  | SOLE |  | 15769 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 2849855 | 5057 | SH |  | SOLE |  | 5057 | 0 | 0 |
| BLACKSTONE GROUP INC | COM CL A | 09260D107 |  | 6754274 | 129393 | SH |  | SOLE |  | 129393 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 4152626 | 50044 | SH |  | SOLE |  | 50044 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 9049716 | 150104 | SH |  | SOLE |  | 150104 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SB VTG SHS A | 11275Q107 |  | 73602 | 1328 | SH |  | SOLE |  | 1328 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 1103958 | 14657 | SH |  | SOLE |  | 14657 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 268058 | 41169 | SH |  | SOLE |  | 41169 | 0 | 0 |
| BURNING ROCK BIOTECH LTD | SPONSORED ADS | 12233L107 |  | 999030 | 39834 | SH |  | SOLE |  | 39834 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 724539 | 49526 | SH |  | SOLE |  | 49526 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 2509158 | 20992 | SH |  | SOLE |  | 20992 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 17676785 | 260430 | SH |  | SOLE |  | 260430 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 4342027 | 42490 | SH |  | SOLE |  | 42490 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 4074794 | 24053 | SH |  | SOLE |  | 24053 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2986465 | 17850 | SH |  | SOLE |  | 17850 | 0 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 2081983 | 69423 | SH |  | SOLE |  | 69423 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 1113546 | 27193 | SH |  | SOLE |  | 27193 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1591656 | 14927 | SH |  | SOLE |  | 14927 | 0 | 0 |
| CANADA GOOSE HLDGS INC | SHS SUB VTG | 135086106 |  | 46124 | 1436 | SH |  | SOLE |  | 1436 | 0 | 0 |
| CANADIAN IMP BK COMM | COM | 136069101 |  | 22765553 | 304568 | SH |  | SOLE |  | 304568 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 33415223 | 313766 | SH |  | SOLE |  | 313766 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 14088162 | 879063 | SH |  | SOLE |  | 879063 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3036713 | 42259 | SH |  | SOLE |  | 42259 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 2182461 | 143773 | SH |  | SOLE |  | 143773 | 0 | 0 |
| CASS INFORMATION SYS INC | COM | 14808P109 |  | 1245662 | 30956 | SH |  | SOLE |  | 30956 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1087264 | 18640 | SH |  | SOLE |  | 18640 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 3266915 | 838167 | SH |  | SOLE |  | 838167 | 0 | 0 |
| CERNER CORP | COM | 156782104 |  | 3926480 | 54316 | SH |  | SOLE |  | 54316 | 0 | 0 |
| CHURCH  DWIGHT INC | COM | 171340102 |  | 2403740 | 25651 | SH |  | SOLE |  | 25651 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 10120845 | 256941 | SH |  | SOLE |  | 256941 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 5779637 | 134068 | SH |  | SOLE |  | 134068 | 0 | 0 |
| CITRIX SYS INC | COM | 177376100 |  | 8093030 | 58769 | SH |  | SOLE |  | 58769 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 4879553 | 98837 | SH |  | SOLE |  | 98837 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 6985350 | 90543 | SH |  | SOLE |  | 90543 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 13444024 | 201889 | SH |  | SOLE |  | 201889 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 14590594 | 315406 | SH |  | SOLE |  | 315406 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 547866 | 16683 | SH |  | SOLE |  | 16683 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 3502963 | 33311 | SH |  | SOLE |  | 33311 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 7980688 | 246243 | SH |  | SOLE |  | 246243 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1333727 | 3757 | SH |  | SOLE |  | 3757 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 1378054 | 1139726 | SH |  | SOLE |  | 1139726 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 1302846 | 16951 | SH |  | SOLE |  | 16951 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 1517268 | 46960 | SH |  | SOLE |  | 46960 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2237015 | 10594 | SH |  | SOLE |  | 10594 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 15158711 | 70398 | SH |  | SOLE |  | 70398 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 2768191 | 32320 | SH |  | SOLE |  | 32320 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 3785689 | 17207 | SH |  | SOLE |  | 17207 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 11463300 | 51723 | SH |  | SOLE |  | 51723 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 2721481 | 88996 | SH |  | SOLE |  | 88996 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1298263 | 9431 | SH |  | SOLE |  | 9431 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 7460141 | 60124 | SH |  | SOLE |  | 60124 | 0 | 0 |
| DISCOVERY INC | COM SER A | 25470F104 |  | 2976441 | 136723 | SH |  | SOLE |  | 136723 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 11716849 | 55896 | SH |  | SOLE |  | 55896 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 3221999 | 35275 | SH |  | SOLE |  | 35275 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 2273170 | 28800 | SH |  | SOLE |  | 28800 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 4184607 | 38625 | SH |  | SOLE |  | 38625 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 881183 | 15883 | SH |  | SOLE |  | 15883 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 192134 | 5346 | SH |  | SOLE |  | 5346 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1175629 | 22565 | SH |  | SOLE |  | 22565 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 13038683 | 65246 | SH |  | SOLE |  | 65246 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1065909 | 13354 | SH |  | SOLE |  | 13354 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 70610 | 6692 | SH |  | SOLE |  | 6692 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 8240167 | 63187 | SH |  | SOLE |  | 63187 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 24534943 | 839838 | SH |  | SOLE |  | 839838 | 0 | 0 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 19917 | 5667 | SH |  | SOLE |  | 5667 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 11705 | 6388 | SH |  | SOLE |  | 6388 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1977879 | 20074 | SH |  | SOLE |  | 20074 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 3780719 | 239439 | SH |  | SOLE |  | 239439 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 10786180 | 14190 | SH |  | SOLE |  | 14190 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 88881 | 7611 | SH |  | SOLE |  | 7611 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 2137150 | 34864 | SH |  | SOLE |  | 34864 | 0 | 0 |
| EXTENDED STAY AMER INC | UNIT 99/99/9999B | 30224P200 |  | 1437468 | 120291 | SH |  | SOLE |  | 120291 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 15224942 | 58133 | SH |  | SOLE |  | 58133 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 2906799 | 11557 | SH |  | SOLE |  | 11557 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 6649436 | 45170 | SH |  | SOLE |  | 45170 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 |  | 4757526 | 151950 | SH |  | SOLE |  | 151950 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 15584095 | 118092 | SH |  | SOLE |  | 118092 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 5720387 | 139916 | SH |  | SOLE |  | 139916 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 1395549 | 18312 | SH |  | SOLE |  | 18312 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 3515682 | 25159 | SH |  | SOLE |  | 25159 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 10613608 | 499210 | SH |  | SOLE |  | 499210 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2232724 | 16129 | SH |  | SOLE |  | 16129 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 945446 | 151758 | SH |  | SOLE |  | 151758 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 2491795 | 40399 | SH |  | SOLE |  | 40399 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3397621 | 114824 | SH |  | SOLE |  | 114824 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 5102950 | 198174 | SH |  | SOLE |  | 198174 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2406549 | 25287 | SH |  | SOLE |  | 25287 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2477159 | 39202 | SH |  | SOLE |  | 39202 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 1001865 | 50840 | SH |  | SOLE |  | 50840 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3073415 | 15293 | SH |  | SOLE |  | 15293 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 89609 | 1544 | SH |  | SOLE |  | 1544 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 2654958 | 53142 | SH |  | SOLE |  | 53142 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 2434770 | 14975 | SH |  | SOLE |  | 14975 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 2588111 | 63233 | SH |  | SOLE |  | 63233 | 0 | 0 |
| HOLLYFRONTIER CORP | COM | 436106108 |  | 403756 | 20485 | SH |  | SOLE |  | 20485 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 11918964 | 42919 | SH |  | SOLE |  | 42919 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4471274 | 27163 | SH |  | SOLE |  | 27163 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 5202402 | 106411 | SH |  | SOLE |  | 106411 | 0 | 0 |
| HOWARD HUGHES CORP | COM | 44267D107 |  | 1461303 | 25370 | SH |  | SOLE |  | 25370 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 12068531 | 88195 | SH |  | SOLE |  | 88195 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 44078 | 10425 | SH |  | SOLE |  | 10425 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 2480014 | 5992 | SH |  | SOLE |  | 5992 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 71809 | 18712 | SH |  | SOLE |  | 18712 | 0 | 0 |
| IDACORP INC | COM | 451107106 |  | 2516595 | 31497 | SH |  | SOLE |  | 31497 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 16869541 | 92482 | SH |  | SOLE |  | 92482 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1566923 | 8110 | SH |  | SOLE |  | 8110 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 1451431 | 4696 | SH |  | SOLE |  | 4696 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 74543 | 6227 | SH |  | SOLE |  | 6227 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 2203593 | 159566 | SH |  | SOLE |  | 159566 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 1408508 | 198943 | SH |  | SOLE |  | 198943 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 2547058 | 71547 | SH |  | SOLE |  | 71547 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 1055692 | 16120 | SH |  | SOLE |  | 16120 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 10499419 | 202771 | SH |  | SOLE |  | 202771 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 5180858 | 51783 | SH |  | SOLE |  | 51783 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 2682653 | 160928 | SH |  | SOLE |  | 160928 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 637410 | 1954 | SH |  | SOLE |  | 1954 | 0 | 0 |
| IRON MTN INC NEW | COM | 46284V101 |  | 3626004 | 135350 | SH |  | SOLE |  | 135350 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 2754486 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 13240423 | 219650 | SH |  | SOLE |  | 219650 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 4770451 | 90350 | SH |  | SOLE |  | 90350 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 10974137 | 113994 | SH |  | SOLE |  | 113994 | 0 | 0 |
| JD.COM INC | SPON ADR CL A | 47215P106 |  | 4901896 | 63161 | SH |  | SOLE |  | 63161 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13995083 | 94003 | SH |  | SOLE |  | 94003 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 1781887 | 82879 | SH |  | SOLE |  | 82879 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1716526 | 8860 | SH |  | SOLE |  | 8860 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 3263585 | 95038 | SH |  | SOLE |  | 95038 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 1877749 | 29072 | SH |  | SOLE |  | 29072 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 12088261 | 81866 | SH |  | SOLE |  | 81866 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 3494954 | 283453 | SH |  | SOLE |  | 283453 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 443127 | 50217 | SH |  | SOLE |  | 50217 | 0 | 0 |
| KIRKLAND LAKE GOLD LTD | COM | 49741E100 |  | 521246 | 10678 | SH |  | SOLE |  | 10678 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 1449135 | 42735 | SH |  | SOLE |  | 42735 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 1745038 | 62930 | SH |  | SOLE |  | 62930 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 5613176 | 16920 | SH |  | SOLE |  | 16920 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 2906947 | 62301 | SH |  | SOLE |  | 62301 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 574867 | 2634 | SH |  | SOLE |  | 2634 | 0 | 0 |
| LIGHTSPEED POS INC | SUB VTG SHS | 53227R106 |  | 71315 | 2226 | SH |  | SOLE |  | 2226 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 7325022 | 49487 | SH |  | SOLE |  | 49487 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 6533518 | 39392 | SH |  | SOLE |  | 39392 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 3089472 | 9380 | SH |  | SOLE |  | 9380 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 3350950 | 36388 | SH |  | SOLE |  | 36388 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 1804582 | 5058 | SH |  | SOLE |  | 5058 | 0 | 0 |
| MSG NETWORK INC | CL A | 553573106 |  | 450179 | 47041 | SH |  | SOLE |  | 47041 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 1955325 | 12994 | SH |  | SOLE |  | 12994 | 0 | 0 |
| MADISON SQUARE GRDN ENTERTNM | CL A | 55826T102 |  | 889953 | 12994 | SH |  | SOLE |  | 12994 | 0 | 0 |
| MAG SILVER CORP | COM | 55903Q104 |  | 52289 | 3216 | SH |  | SOLE |  | 3216 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 950275 | 27786 | SH |  | SOLE |  | 27786 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 21636644 | 472845 | SH |  | SOLE |  | 472845 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 11411662 | 820480 | SH |  | SOLE |  | 820480 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1435685 | 48933 | SH |  | SOLE |  | 48933 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 4880629 | 88530 | SH |  | SOLE |  | 88530 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 586841 | 2486 | SH |  | SOLE |  | 2486 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 15795488 | 46709 | SH |  | SOLE |  | 46709 | 0 | 0 |
| MAXIM INTEGRATED PRODS INC | COM | 57772K101 |  | 790085 | 11686 | SH |  | SOLE |  | 11686 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 4758514 | 21680 | SH |  | SOLE |  | 21680 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2757060 | 2547 | SH |  | SOLE |  | 2547 | 0 | 0 |
| MERCK  CO. INC | COM | 58933Y105 |  | 21983029 | 265017 | SH |  | SOLE |  | 265017 | 0 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 63327 | 2597 | SH |  | SOLE |  | 2597 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1009568 | 27161 | SH |  | SOLE |  | 27161 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 12456169 | 12898 | SH |  | SOLE |  | 12898 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 59992699 | 285233 | SH |  | SOLE |  | 285233 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1049088 | 18261 | SH |  | SOLE |  | 18261 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1081244 | 22363 | SH |  | SOLE |  | 22363 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 5690130 | 36287 | SH |  | SOLE |  | 36287 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 2520693 | 20542 | SH |  | SOLE |  | 20542 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 2968068 | 6528 | SH |  | SOLE |  | 6528 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 46098 | 27041 | SH |  | SOLE |  | 27041 | 0 | 0 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581107 |  | 1744804 | 11671 | SH |  | SOLE |  | 11671 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 |  | 1666037 | 97089 | SH |  | SOLE |  | 97089 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 952025 | 3430 | SH |  | SOLE |  | 3430 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 6649669 | 29290 | SH |  | SOLE |  | 29290 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 5973408 | 47582 | SH |  | SOLE |  | 47582 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 2655076 | 120686 | SH |  | SOLE |  | 120686 | 0 | 0 |
| NORBORD INC | COM NEW | 65548P403 |  | 55055 | 1863 | SH |  | SOLE |  | 1863 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 1532801 | 7163 | SH |  | SOLE |  | 7163 | 0 | 0 |
| NORTH AMERN CONSTR GROUP LTD | COM | 656811106 |  | 5632 | 865 | SH |  | SOLE |  | 865 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 559275 | 7173 | SH |  | SOLE |  | 7173 | 0 | 0 |
| NORTONLIFELOCK INC | COM | 668771108 |  | 4389169 | 210614 | SH |  | SOLE |  | 210614 | 0 | 0 |
| NOVAGOLD RES INC | COM NEW | 66987E206 |  | 114796 | 9638 | SH |  | SOLE |  | 9638 | 0 | 0 |
| NUANCE COMMUNICATIONS INC | COM | 67020Y100 |  | 643550 | 19390 | SH |  | SOLE |  | 19390 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5249802 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 15029042 | 383299 | SH |  | SOLE |  | 383299 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 8459384 | 18347 | SH |  | SOLE |  | 18347 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 181823 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1056521 | 21344 | SH |  | SOLE |  | 21344 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 13042103 | 218462 | SH |  | SOLE |  | 218462 | 0 | 0 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 71418 | 6038 | SH |  | SOLE |  | 6038 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 4913936 | 44709 | SH |  | SOLE |  | 44709 | 0 | 0 |
| POSCO | SPONSORED ADR | 693483109 |  | 1681087 | 40160 | SH |  | SOLE |  | 40160 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 2377615 | 19476 | SH |  | SOLE |  | 19476 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 2103674 | 77313 | SH |  | SOLE |  | 77313 | 0 | 0 |
| PRA HEALTH SCIENCES INC | COM | 69354M108 |  | 1233705 | 12162 | SH |  | SOLE |  | 12162 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 8284689 | 100154 | SH |  | SOLE |  | 100154 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 8201601 | 75210 | SH |  | SOLE |  | 75210 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 266268 | 8282 | SH |  | SOLE |  | 8282 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 6287071 | 31072 | SH |  | SOLE |  | 31072 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 3675699 | 46079 | SH |  | SOLE |  | 46079 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 7704615 | 39104 | SH |  | SOLE |  | 39104 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 1078735 | 50828 | SH |  | SOLE |  | 50828 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 13901774 | 100302 | SH |  | SOLE |  | 100302 | 0 | 0 |
| PERKINELMER INC | COM | 714046109 |  | 1386877 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3470588 | 94567 | SH |  | SOLE |  | 94567 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3054024 | 40726 | SH |  | SOLE |  | 40726 | 0 | 0 |
| PRECISION DRILLING CORP | COM 2010 | 74022D308 |  | 5947 | 9542 | SH |  | SOLE |  | 9542 | 0 | 0 |
| PREMIER INC | CL A | 74051N102 |  | 2050812 | 62468 | SH |  | SOLE |  | 62468 | 0 | 0 |
| PRETIUM RES INC | COM | 74139C102 |  | 93264 | 7288 | SH |  | SOLE |  | 7288 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1135894 | 8859 | SH |  | SOLE |  | 8859 | 0 | 0 |
| PRIMO WATER CORPORATION | COM | 74167P108 |  | 63011 | 4437 | SH |  | SOLE |  | 4437 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 25469070 | 183245 | SH |  | SOLE |  | 183245 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 18903877 | 199683 | SH |  | SOLE |  | 199683 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 2722962 | 27062 | SH |  | SOLE |  | 27062 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 3468044 | 54598 | SH |  | SOLE |  | 54598 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 2231720 | 48212 | SH |  | SOLE |  | 48212 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3047187 | 25894 | SH |  | SOLE |  | 25894 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1718713 | 15012 | SH |  | SOLE |  | 15012 | 0 | 0 |
| REGAL BELOIT CORP | COM | 758750103 |  | 1680263 | 17900 | SH |  | SOLE |  | 17900 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 856662 | 74299 | SH |  | SOLE |  | 74299 | 0 | 0 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 3065342 | 137030 | SH |  | SOLE |  | 137030 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 3884830 | 41616 | SH |  | SOLE |  | 41616 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 1958928 | 34106 | SH |  | SOLE |  | 34106 | 0 | 0 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 219967 | 3709 | SH |  | SOLE |  | 3709 | 0 | 0 |
| ROBERT HALF INTL INC | COM | 770323103 |  | 3889478 | 73470 | SH |  | SOLE |  | 73470 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 10406324 | 47156 | SH |  | SOLE |  | 47156 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 18674459 | 470771 | SH |  | SOLE |  | 470771 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 31966993 | 455299 | SH |  | SOLE |  | 455299 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 816160 | 33698 | SH |  | SOLE |  | 33698 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 601962 | 23916 | SH |  | SOLE |  | 23916 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 7180585 | 19913 | SH |  | SOLE |  | 19913 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 29135256 | 87000 | SH |  | SOLE |  | 87000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2745343 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 1059819 | 17512 | SH |  | SOLE |  | 17512 | 0 | 0 |
| SSR MNG INC | COM | 784730103 |  | 164881 | 8835 | SH |  | SOLE |  | 8835 | 0 | 0 |
| SALESFORCE COM INC | COM | 79466L302 |  | 6377709 | 25377 | SH |  | SOLE |  | 25377 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 1786662 | 11467 | SH |  | SOLE |  | 11467 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 584929 | 16145 | SH |  | SOLE |  | 16145 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1984639 | 12884 | SH |  | SOLE |  | 12884 | 0 | 0 |
| SEABRIDGE GOLD INC | COM | 811916105 |  | 36651 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 991085 | 25537 | SH |  | SOLE |  | 25537 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 1837910 | 31831 | SH |  | SOLE |  | 31831 | 0 | 0 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 4468651 | 244867 | SH |  | SOLE |  | 244867 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1681920 | 2414 | SH |  | SOLE |  | 2414 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 6926267 | 6773 | SH |  | SOLE |  | 6773 | 0 | 0 |
| SILVERCREST METALS INC | COM | 828363101 |  | 41664 | 4914 | SH |  | SOLE |  | 4914 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 3521224 | 24201 | SH |  | SOLE |  | 24201 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 1235248 | 10693 | SH |  | SOLE |  | 10693 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1293117 | 8789 | SH |  | SOLE |  | 8789 | 0 | 0 |
| SONOS INC | COM | 83570H108 |  | 1234642 | 81334 | SH |  | SOLE |  | 81334 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 617816 | 3809 | SH |  | SOLE |  | 3809 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 18874447 | 621628 | SH |  | SOLE |  | 621628 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 941763 | 10961 | SH |  | SOLE |  | 10961 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 509167 | 8582 | SH |  | SOLE |  | 8582 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 832555 | 29080 | SH |  | SOLE |  | 29080 | 0 | 0 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 1011424 | 29713 | SH |  | SOLE |  | 29713 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 958392 | 6816 | SH |  | SOLE |  | 6816 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 23770306 | 583331 | SH |  | SOLE |  | 583331 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 11784623 | 965062 | SH |  | SOLE |  | 965062 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 7536116 | 35219 | SH |  | SOLE |  | 35219 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 754288 | 12123 | SH |  | SOLE |  | 12123 | 0 | 0 |
| TD AMERITRADE HLDG CORP | COM | 87236Y108 |  | 539444 | 13779 | SH |  | SOLE |  | 13779 | 0 | 0 |
| TFI INTL INC | COM | 87241L109 |  | 119509 | 2858 | SH |  | SOLE |  | 2858 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 8247280 | 148200 | SH |  | SOLE |  | 148200 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 21665666 | 267248 | SH |  | SOLE |  | 267248 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2198899 | 13309 | SH |  | SOLE |  | 13309 | 0 | 0 |
| TAL EDUCATION GROUP | SPONSORED ADS | 874080104 |  | 2678797 | 35229 | SH |  | SOLE |  | 35229 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 9784381 | 62155 | SH |  | SOLE |  | 62155 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 1225842 | 29200 | SH |  | SOLE |  | 29200 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 11175381 | 802625 | SH |  | SOLE |  | 802625 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 26078030 | 1482049 | SH |  | SOLE |  | 1482049 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 11903617 | 83365 | SH |  | SOLE |  | 83365 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 19478421 | 44117 | SH |  | SOLE |  | 44117 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 2784232 | 17382 | SH |  | SOLE |  | 17382 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 47972216 | 1036136 | SH |  | SOLE |  | 1036136 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 3531446 | 24637 | SH |  | SOLE |  | 24637 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 48418 | 7872 | SH |  | SOLE |  | 7872 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 7006991 | 64766 | SH |  | SOLE |  | 64766 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 11492985 | 235997 | SH |  | SOLE |  | 235997 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 5344357 | 140457 | SH |  | SOLE |  | 140457 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 1683618 | 51050 | SH |  | SOLE |  | 51050 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 10513129 | 293255 | SH |  | SOLE |  | 293255 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 5127612 | 83133 | SH |  | SOLE |  | 83133 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 11328422 | 57543 | SH |  | SOLE |  | 57543 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 7041575 | 42259 | SH |  | SOLE |  | 42259 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 21860870 | 70119 | SH |  | SOLE |  | 70119 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 650440 | 9259 | SH |  | SOLE |  | 9259 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 969019 | 22369 | SH |  | SOLE |  | 22369 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 9430661 | 106900 | SH |  | SOLE |  | 106900 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | INTL BD IDX ETF | 92203J407 |  | 3930373 | 67550 | SH |  | SOLE |  | 67550 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 1227105 | 4364 | SH |  | SOLE |  | 4364 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 23079840 | 387964 | SH |  | SOLE |  | 387964 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 16685954 | 90044 | SH |  | SOLE |  | 90044 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 10243 | 4386 | SH |  | SOLE |  | 4386 | 0 | 0 |
| VILLAGE FARMS INTL INC | COM | 92707Y108 |  | 7165 | 1577 | SH |  | SOLE |  | 1577 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 20192650 | 100979 | SH |  | SOLE |  | 100979 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 844421 | 62923 | SH |  | SOLE |  | 62923 | 0 | 0 |
| WNS HLDGS LTD | SPON ADR | 92932M101 |  | 977942 | 15290 | SH |  | SOLE |  | 15290 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 14347265 | 102547 | SH |  | SOLE |  | 102547 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2301955 | 64086 | SH |  | SOLE |  | 64086 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 935445 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 17883582 | 158025 | SH |  | SOLE |  | 158025 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 9991557 | 51061 | SH |  | SOLE |  | 51061 | 0 | 0 |
| WELBILT INC | COM | 949090104 |  | 1234025 | 200330 | SH |  | SOLE |  | 200330 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1103458 | 46936 | SH |  | SOLE |  | 46936 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 2432025 | 8847 | SH |  | SOLE |  | 8847 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 |  | 7355873 | 211742 | SH |  | SOLE |  | 211742 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1662877 | 58306 | SH |  | SOLE |  | 58306 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 880138 | 17939 | SH |  | SOLE |  | 17939 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 2685156 | 136650 | SH |  | SOLE |  | 136650 | 0 | 0 |
| WINMARK CORP | COM | 974250102 |  | 8003223 | 46482 | SH |  | SOLE |  | 46482 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 12232236 | 145415 | SH |  | SOLE |  | 145415 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 1553228 | 77391 | SH |  | SOLE |  | 77391 | 0 | 0 |
| YAMANA GOLD INC | COM | 98462Y100 |  | 216015 | 37997 | SH |  | SOLE |  | 37997 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 883140 | 30224 | SH |  | SOLE |  | 30224 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 7567782 | 45763 | SH |  | SOLE |  | 45763 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 3871611 | 39143 | SH |  | SOLE |  | 39143 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 3708721 | 64601 | SH |  | SOLE |  | 64601 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 |  | 2119500 | 48127 | SH |  | SOLE |  | 48127 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 1295917 | 58454 | SH |  | SOLE |  | 58454 | 0 | 0 |
| ATLANTICA SUSTAINABLE INFR P | SHS | G0751N103 |  | 3044343 | 106409 | SH |  | SOLE |  | 106409 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 9119094 | 40352 | SH |  | SOLE |  | 40352 | 0 | 0 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD LP | G16234109 |  | 82456 | 2703 | SH |  | SOLE |  | 2703 | 0 | 0 |
| BROOKFIELD PROPERTY PARTRS L | UNIT LTD PARTN | G16249107 |  | 13572672 | 1127436 | SH |  | SOLE |  | 1127436 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 256436 | 4878 | SH |  | SOLE |  | 4878 | 0 | 0 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 1956336 | 52860 | SH |  | SOLE |  | 52860 | 0 | 0 |
| EVEREST RE GROUP LTD | COM | G3223R108 |  | 3095630 | 15671 | SH |  | SOLE |  | 15671 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 3515294 | 90252 | SH |  | SOLE |  | 90252 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 2777476 | 14535 | SH |  | SOLE |  | 14535 | 0 | 0 |
| IHS MARKIT LTD | SHS | G47567105 |  | 569508 | 7254 | SH |  | SOLE |  | 7254 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 866586 | 21214 | SH |  | SOLE |  | 21214 | 0 | 0 |
| LAZARD LTD | SHS A | G54050102 |  | 3696884 | 111858 | SH |  | SOLE |  | 111858 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 16441826 | 69046 | SH |  | SOLE |  | 69046 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 4573699 | 44012 | SH |  | SOLE |  | 44012 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 5421463 | 31940 | SH |  | SOLE |  | 31940 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 10428037 | 227837 | SH |  | SOLE |  | 227837 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 |  | 3677472 | 69531 | SH |  | SOLE |  | 69531 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 20564603 | 169592 | SH |  | SOLE |  | 169592 | 0 | 0 |
| VASTA PLATFORM LTD | CL A | G9440A109 |  | 942690 | 61095 | SH |  | SOLE |  | 61095 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 7232491 | 62285 | SH |  | SOLE |  | 62285 | 0 | 0 |
| TE CONNECTIVITY LTD | REG SHS | H84989104 |  | 9325904 | 95416 | SH |  | SOLE |  | 95416 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 1666198 | 9297 | SH |  | SOLE |  | 9297 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 14162850 | 117691 | SH |  | SOLE |  | 117691 | 0 | 0 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 6323339 | 96910 | SH |  | SOLE |  | 96910 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 1642643 | 25377 | SH |  | SOLE |  | 25377 | 0 | 0 |

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