# EDGAR Filing Document

**Accession Number:** 0002077908
**File Stem:** 0002077908-25-000010
**Filing Date:** 2025-7
**Character Count:** 35164
**Document Hash:** cf58a213b9fb2b66f1601ef0ec851653
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002077908-25-000010.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0002077908-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20201231

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Credential Qtrade Securities Inc.
- **CENTRAL INDEX KEY:** 0002077908

**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:** 028-25662
- **FILM NUMBER:** 251137565

**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:** 12-31-2020

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

**Form 13F File Number:** 028-25662

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:** 326

**Form 13F Information Table Value Total:** $967837003

      (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 |  | 371672 | 13293 | SH |  | SOLE |  | 0 | 8228 | 5065 |
| ABCAM PLC | ADS | 000380204 |  | 2025 | 94 | SH |  | SOLE |  | 0 | 94 | 0 |
| AT INC | COM | 00206R102 |  | 10296 | 358 | SH |  | SOLE |  | 0 | 358 | 0 |
| ARK ETF TR | AUTNMUS TECHNLGY | 00214Q203 |  | 428749 | 5620 | SH |  | SOLE |  | 0 | 5110 | 510 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 492412 | 5280 | SH |  | SOLE |  | 0 | 4810 | 470 |
| ARK ETF TR | FINTECH INNOVA | 00214Q708 |  | 374316 | 7530 | SH |  | SOLE |  | 0 | 6880 | 650 |
| ABBOTT LABS | COM | 002824100 |  | 1410231 | 12880 | SH |  | SOLE |  | 0 | 8305 | 4575 |
| ABBVIE INC | COM | 00287Y109 |  | 53896 | 503 | SH |  | SOLE |  | 0 | 278 | 225 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 305755 | 3293 | SH |  | SOLE |  | 0 | 2432 | 861 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 468356 | 6656 | SH |  | SOLE |  | 0 | 4820 | 1836 |
| AGEX THERAPEUTICS INC | COM | 00848H108 |  | 443 | 292 | SH |  | SOLE |  | 0 | 292 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1841229 | 6739 | SH |  | SOLE |  | 0 | 5069 | 1670 |
| ALBEMARLE CORP | COM | 012653101 |  | 7818 | 53 | SH |  | SOLE |  | 0 | 53 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 131867 | 8014 | SH |  | SOLE |  | 0 | 8014 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2720148 | 11688 | SH |  | SOLE |  | 0 | 8123 | 3565 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 928496 | 530 | SH |  | SOLE |  | 0 | 363 | 167 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5597932 | 3194 | SH |  | SOLE |  | 0 | 2315 | 879 |
| AMAZON COM INC | COM | 023135106 |  | 2885639 | 886 | SH |  | SOLE |  | 0 | 661 | 225 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 242303 | 2004 | SH |  | SOLE |  | 0 | 1519 | 485 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 881632 | 10062 | SH |  | SOLE |  | 0 | 6648 | 3414 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 559129 | 2491 | SH |  | SOLE |  | 0 | 2052 | 439 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1056947 | 6887 | SH |  | SOLE |  | 0 | 5112 | 1775 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 240098 | 2456 | SH |  | SOLE |  | 0 | 1393 | 1063 |
| AMETEK INC | COM | 031100100 |  | 8223 | 68 | SH |  | SOLE |  | 0 | 68 | 0 |
| AMGEN INC | COM | 031162100 |  | 778509 | 3386 | SH |  | SOLE |  | 0 | 2638 | 748 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1368900 | 10468 | SH |  | SOLE |  | 0 | 6380 | 4088 |
| ANALOG DEVICES INC | COM | 032654105 |  | 16841 | 114 | SH |  | SOLE |  | 0 | 114 | 0 |
| ANAPLAN INC | COM | 03272L108 |  | 117259 | 1632 | SH |  | SOLE |  | 0 | 1188 | 444 |
| ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 035128206 |  | 19792 | 875 | SH |  | SOLE |  | 0 | 875 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 13824 | 38 | SH |  | SOLE |  | 0 | 38 | 0 |
| APHRIA INC | COM | 03765K104 |  | 6911 | 1000 | SH |  | SOLE |  | 0 | 1000 | 0 |
| APPLE INC | COM | 037833100 |  | 8907877 | 67133 | SH |  | SOLE |  | 0 | 49774 | 17359 |
| APPLIED MATLS INC | COM | 038222105 |  | 13808 | 160 | SH |  | SOLE |  | 0 | 160 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 6160 | 45 | SH |  | SOLE |  | 0 | 45 | 0 |
| ARCOSA INC | COM | 039653100 |  | 3625 | 66 | SH |  | SOLE |  | 0 | 66 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1179813 | 23601 | SH |  | SOLE |  | 0 | 17826 | 5775 |
| AURORA CANNABIS INC | COM | 05156X884 |  | 516 | 62 | SH |  | SOLE |  | 0 | 62 | 0 |
| AUTOHOME INC | SP ADR RP CL A | 05278C107 |  | 41342 | 415 | SH |  | SOLE |  | 0 | 287 | 128 |
| AUTOZONE INC | COM | 053332102 |  | 251313 | 212 | SH |  | SOLE |  | 0 | 157 | 55 |
| BCE INC | COM NEW | 05534B760 |  | 4064551 | 95076 | SH |  | SOLE |  | 0 | 57053 | 38023 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 2594 | 12 | SH |  | SOLE |  | 0 | 12 | 0 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 71235 | 23356 | SH |  | SOLE |  | 0 | 16436 | 6920 |
| BK OF AMERICA CORP | COM | 060505104 |  | 51132 | 1687 | SH |  | SOLE |  | 0 | 687 | 1000 |
| BANK MONTREAL QUE | COM | 063671101 |  | 1777872 | 23389 | SH |  | SOLE |  | 0 | 18505 | 4884 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 45411566 | 840378 | SH |  | SOLE |  | 0 | 528293 | 312085 |
| BANK OZK | COM | 06417N103 |  | 930313 | 29751 | SH |  | SOLE |  | 0 | 19500 | 10251 |
| BARRICK GOLD CORP | COM | 067901108 |  | 72067 | 3164 | SH |  | SOLE |  | 0 | 2967 | 197 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 401646 | 19363 | SH |  | SOLE |  | 0 | 13566 | 5797 |
| BAXTER INTL INC | COM | 071813109 |  | 721999 | 8998 | SH |  | SOLE |  | 0 | 5953 | 3045 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 1127 | 2080 | SH |  | SOLE |  | 0 | 2080 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 3096222 | 12374 | SH |  | SOLE |  | 0 | 8910 | 3464 |
| BERKLEY W R CORP | COM | 084423102 |  | 218588 | 3291 | SH |  | SOLE |  | 0 | 2433 | 858 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4737567 | 20432 | SH |  | SOLE |  | 0 | 14970 | 5462 |
| BERRY GLOBAL GROUP INC | COM | 08579W103 |  | 1039795 | 18505 | SH |  | SOLE |  | 0 | 12212 | 6293 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 96115 | 1471 | SH |  | SOLE |  | 0 | 1158 | 313 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 241761 | 2757 | SH |  | SOLE |  | 0 | 2051 | 706 |
| BLACKROCK INC | COM | 09247X101 |  | 391796 | 543 | SH |  | SOLE |  | 0 | 401 | 142 |
| BOEING CO | COM | 097023105 |  | 66358 | 310 | SH |  | SOLE |  | 0 | 310 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 995508 | 11419 | SH |  | SOLE |  | 0 | 8487 | 2932 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1035000 | 28790 | SH |  | SOLE |  | 0 | 18161 | 10629 |
| BOX INC | CL A | 10316T104 |  | 106061 | 5876 | SH |  | SOLE |  | 0 | 4338 | 1538 |
| BROADCOM INC | COM | 11135F101 |  | 4101778 | 9368 | SH |  | SOLE |  | 0 | 6461 | 2907 |
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 |  | 38377635 | 928590 | SH |  | SOLE |  | 0 | 572077 | 356513 |
| BROOKFIELD INFRASTRUCTURE CO | COM SB VTG SHS A | 11275Q107 |  | 36204 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 1166 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| CAE INC | COM | 124765108 |  | 4563187 | 164725 | SH |  | SOLE |  | 0 | 114761 | 49964 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 214362 | 2302 | SH |  | SOLE |  | 0 | 1675 | 627 |
| CDW CORP | COM | 12514G108 |  | 1367716 | 10378 | SH |  | SOLE |  | 0 | 7724 | 2654 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 25245675 | 318277 | SH |  | SOLE |  | 0 | 196028 | 122249 |
| CI FINL CORP | COM | 125491100 |  | 26547 | 2142 | SH |  | SOLE |  | 0 | 1974 | 168 |
| CME GROUP INC | COM | 12572Q105 |  | 4058258 | 22292 | SH |  | SOLE |  | 0 | 15887 | 6405 |
| CNX RES CORP | COM | 12653C108 |  | 1080 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 820283 | 12010 | SH |  | SOLE |  | 0 | 9194 | 2816 |
| CANADIAN IMP BK COMM | COM | 136069101 |  | 1049713 | 12293 | SH |  | SOLE |  | 0 | 9757 | 2536 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 51548743 | 469000 | SH |  | SOLE |  | 0 | 294206 | 174794 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 2882240 | 119963 | SH |  | SOLE |  | 0 | 100312 | 19651 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 3778944 | 10897 | SH |  | SOLE |  | 0 | 9192 | 1705 |
| CANOPY GROWTH CORP | COM | 138035100 |  | 24599 | 1000 | SH |  | SOLE |  | 0 | 1000 | 0 |
| CELESTICA INC | SUB VTG SHS | 15101Q108 |  | 33160 | 4111 | SH |  | SOLE |  | 0 | 3780 | 331 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 25602 | 4206 | SH |  | SOLE |  | 0 | 2579 | 1627 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 477639 | 722 | SH |  | SOLE |  | 0 | 537 | 185 |
| CHEVRON CORP NEW | COM | 166764100 |  | 25166 | 298 | SH |  | SOLE |  | 0 | 202 | 96 |
| CISCO SYS INC | COM | 17275R102 |  | 1630018 | 36425 | SH |  | SOLE |  | 0 | 29179 | 7246 |
| CITIGROUP INC | COM NEW | 172967424 |  | 9865 | 160 | SH |  | SOLE |  | 0 | 160 | 0 |
| COCA COLA CO | COM | 191216100 |  | 873436 | 15927 | SH |  | SOLE |  | 0 | 10171 | 5756 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1380775 | 16849 | SH |  | SOLE |  | 0 | 11034 | 5815 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1056818 | 12359 | SH |  | SOLE |  | 0 | 8111 | 4248 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 535526 | 6019 | SH |  | SOLE |  | 0 | 5527 | 492 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1303816 | 24882 | SH |  | SOLE |  | 0 | 16763 | 8119 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 15768 | 240 | SH |  | SOLE |  | 0 | 240 | 0 |
| CONCHO RES INC | COM | 20605P101 |  | 260941 | 4472 | SH |  | SOLE |  | 0 | 3376 | 1096 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 313441 | 7838 | SH |  | SOLE |  | 0 | 5956 | 1882 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 196268 | 896 | SH |  | SOLE |  | 0 | 670 | 226 |
| COPART INC | COM | 217204106 |  | 1538198 | 12088 | SH |  | SOLE |  | 0 | 8071 | 4017 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2059102 | 5465 | SH |  | SOLE |  | 0 | 4215 | 1250 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 866042 | 2502 | SH |  | SOLE |  | 0 | 1663 | 839 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 48695 | 20875 | SH |  | SOLE |  | 0 | 20484 | 391 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 711897 | 4472 | SH |  | SOLE |  | 0 | 3315 | 1157 |
| CUMMINS INC | COM | 231021106 |  | 230960 | 1017 | SH |  | SOLE |  | 0 | 763 | 254 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 221766 | 4841 | SH |  | SOLE |  | 0 | 4841 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 5275158 | 23747 | SH |  | SOLE |  | 0 | 16900 | 6847 |
| DEERE  CO | COM | 244199105 |  | 9685 | 36 | SH |  | SOLE |  | 0 | 36 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 120340 | 2058 | SH |  | SOLE |  | 0 | 1962 | 96 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 22346472 | 140712 | SH |  | SOLE |  | 0 | 85255 | 55457 |
| DIAMEDICA THERAPEUTICS INC | COM NEW | 25253X207 |  | 7797 | 769 | SH |  | SOLE |  | 0 | 769 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1340412 | 9608 | SH |  | SOLE |  | 0 | 7182 | 2426 |
| DISNEY WALT CO | COM | 254687106 |  | 305831 | 1688 | SH |  | SOLE |  | 0 | 1255 | 433 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 640153 | 3044 | SH |  | SOLE |  | 0 | 2000 | 1044 |
| DOLLAR TREE INC | COM | 256746108 |  | 788475 | 7298 | SH |  | SOLE |  | 0 | 5908 | 1390 |
| EOG RES INC | COM | 26875P101 |  | 1223111 | 24526 | SH |  | SOLE |  | 0 | 17507 | 7019 |
| EQT CORP | COM | 26884L109 |  | 176554 | 13891 | SH |  | SOLE |  | 0 | 10054 | 3837 |
| ETF MANAGERS TR | PRIME CYBR SCRTY | 26924G201 |  | 26463 | 460 | SH |  | SOLE |  | 0 | 0 | 460 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 276420 | 5451 | SH |  | SOLE |  | 0 | 4022 | 1429 |
| ECOLAB INC | COM | 278865100 |  | 3936670 | 18195 | SH |  | SOLE |  | 0 | 12912 | 5283 |
| EDITAS MEDICINE INC | COM | 28106W103 |  | 5468 | 78 | SH |  | SOLE |  | 0 | 78 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 18334556 | 597801 | SH |  | SOLE |  | 0 | 356882 | 240919 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 6625 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 360436 | 2510 | SH |  | SOLE |  | 0 | 1880 | 630 |
| ENBRIDGE INC | COM | 29250N105 |  | 29211279 | 913579 | SH |  | SOLE |  | 0 | 572822 | 340757 |
| EQUINIX INC | COM | 29444U700 |  | 215682 | 302 | SH |  | SOLE |  | 0 | 223 | 79 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 49686 | 3026 | SH |  | SOLE |  | 0 | 2319 | 707 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 588915 | 4448 | SH |  | SOLE |  | 0 | 3298 | 1150 |
| EXPONENT INC | COM | 30214U102 |  | 531537 | 5904 | SH |  | SOLE |  | 0 | 4379 | 1525 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 209397 | 5080 | SH |  | SOLE |  | 0 | 3815 | 1265 |
| FACEBOOK INC | CL A | 30303M102 |  | 2198938 | 8050 | SH |  | SOLE |  | 0 | 5633 | 2417 |
| FEDEX CORP | COM | 31428X106 |  | 394622 | 1520 | SH |  | SOLE |  | 0 | 1320 | 200 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 12307 | 87 | SH |  | SOLE |  | 0 | 87 | 0 |
| FISERV INC | COM | 337738108 |  | 1506253 | 13229 | SH |  | SOLE |  | 0 | 8604 | 4625 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 85392 | 1589 | SH |  | SOLE |  | 0 | 1589 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 879 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| FORTIS INC | COM | 349553107 |  | 5449299 | 133424 | SH |  | SOLE |  | 0 | 89866 | 43558 |
| FORTIVE CORP | COM | 34959J108 |  | 11386581 | 160782 | SH |  | SOLE |  | 0 | 95111 | 65671 |
| FRANCO NEV CORP | COM | 351858105 |  | 35562770 | 283700 | SH |  | SOLE |  | 0 | 175224 | 108476 |
| GFL ENVIRONMENTAL INC | UNIT 99/99/9999T | 36168Q120 |  | 2747 | 39 | SH |  | SOLE |  | 0 | 39 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 4164 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 2428405 | 86874 | SH |  | SOLE |  | 0 | 62419 | 24455 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 205454 | 5583 | SH |  | SOLE |  | 0 | 4194 | 1389 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 21008 | 340 | SH |  | SOLE |  | 0 | 340 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 251406 | 4109 | SH |  | SOLE |  | 0 | 4109 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 354554 | 20930 | SH |  | SOLE |  | 0 | 15528 | 5402 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 226968 | 3141 | SH |  | SOLE |  | 0 | 1789 | 1352 |
| HESKA CORP | COM RESTRC NEW | 42805E306 |  | 131230 | 901 | SH |  | SOLE |  | 0 | 670 | 231 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 116266 | 1045 | SH |  | SOLE |  | 0 | 772 | 273 |
| HOME DEPOT INC | COM | 437076102 |  | 1704483 | 6417 | SH |  | SOLE |  | 0 | 5120 | 1297 |
| HONEYWELL INTL INC | COM | 438516106 |  | 256303 | 1205 | SH |  | SOLE |  | 0 | 746 | 459 |
| HUMANA INC | COM | 444859102 |  | 355704 | 867 | SH |  | SOLE |  | 0 | 644 | 223 |
| IAA INC | COM | 449253103 |  | 8707 | 134 | SH |  | SOLE |  | 0 | 134 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 43391 | 2920 | SH |  | SOLE |  | 0 | 2067 | 853 |
| IDEXX LABS INC | COM | 45168D104 |  | 241437 | 483 | SH |  | SOLE |  | 0 | 360 | 123 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 628154 | 3081 | SH |  | SOLE |  | 0 | 2280 | 801 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 1707 | 90 | SH |  | SOLE |  | 0 | 90 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 101592 | 1168 | SH |  | SOLE |  | 0 | 856 | 312 |
| INDEXIQ ETF TR | IQ MRGR ARB ETF | 45409B800 |  | 29260 | 880 | SH |  | SOLE |  | 0 | 880 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 3379 | 358 | SH |  | SOLE |  | 0 | 358 | 0 |
| INOVIO PHARMACEUTICALS INC | COM NEW | 45773H201 |  | 5876 | 664 | SH |  | SOLE |  | 0 | 664 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 211040 | 2592 | SH |  | SOLE |  | 0 | 1903 | 689 |
| INTEL CORP | COM | 458140100 |  | 17038 | 342 | SH |  | SOLE |  | 0 | 342 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 797625 | 13093 | SH |  | SOLE |  | 0 | 8610 | 4483 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 |  | 2865 | 44 | SH |  | SOLE |  | 0 | 44 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 857757 | 7440 | SH |  | SOLE |  | 0 | 5041 | 2399 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 342519 | 2721 | SH |  | SOLE |  | 0 | 2483 | 238 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 15866477 | 145778 | SH |  | SOLE |  | 0 | 87102 | 58676 |
| INTUIT | COM | 461202103 |  | 14434 | 38 | SH |  | SOLE |  | 0 | 38 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1280707 | 7148 | SH |  | SOLE |  | 0 | 4505 | 2643 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 3875 | 45 | SH |  | SOLE |  | 0 | 45 | 0 |
| ISHARES TR | MRNGSTR LG-CP ET | 464287127 |  | 25915 | 120 | SH |  | SOLE |  | 0 | 120 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 4553589 | 52783 | SH |  | SOLE |  | 0 | 49877 | 2906 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 5340 | 115 | SH |  | SOLE |  | 0 | 115 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 272474 | 2305 | SH |  | SOLE |  | 0 | 2116 | 189 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 397692 | 1730 | SH |  | SOLE |  | 0 | 1570 | 160 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 376357 | 3870 | SH |  | SOLE |  | 0 | 3510 | 360 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 128002 | 1184 | SH |  | SOLE |  | 0 | 974 | 210 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 4888 | 56 | SH |  | SOLE |  | 0 | 0 | 56 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 228359 | 3685 | SH |  | SOLE |  | 0 | 3685 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 18427 | 750 | SH |  | SOLE |  | 0 | 750 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 16663 | 190 | SH |  | SOLE |  | 0 | 190 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 3536680 | 52637 | SH |  | SOLE |  | 0 | 49498 | 3139 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 212300 | 3422 | SH |  | SOLE |  | 0 | 1768 | 1654 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 87321 | 3646 | SH |  | SOLE |  | 0 | 3646 | 0 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 30995 | 320 | SH |  | SOLE |  | 0 | 320 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1752041 | 13788 | SH |  | SOLE |  | 0 | 8976 | 4812 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3595031 | 22843 | SH |  | SOLE |  | 0 | 15797 | 7046 |
| JUST ENERGY GROUP INC | COM NEW | 48213W408 |  | 4210 | 898 | SH |  | SOLE |  | 0 | 898 | 0 |
| KELLOGG CO | COM | 487836108 |  | 349608 | 5618 | SH |  | SOLE |  | 0 | 4226 | 1392 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 750328 | 5565 | SH |  | SOLE |  | 0 | 3733 | 1832 |
| KIRKLAND LAKE GOLD LTD | COM | 49741E100 |  | 12352 | 299 | SH |  | SOLE |  | 0 | 278 | 21 |
| KONINKLIJKE PHILIPS N V | NY REG SH NEW | 500472303 |  | 4398170 | 81192 | SH |  | SOLE |  | 0 | 57534 | 23658 |
| LCI INDS | COM | 50189K103 |  | 441041 | 3401 | SH |  | SOLE |  | 0 | 2235 | 1166 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1276073 | 2702 | SH |  | SOLE |  | 0 | 2030 | 672 |
| LILLY ELI  CO | COM | 532457108 |  | 26339 | 156 | SH |  | SOLE |  | 0 | 156 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 5080 | 2920 | SH |  | SOLE |  | 0 | 2920 | 0 |
| LOWES COS INC | COM | 548661107 |  | 340441 | 2121 | SH |  | SOLE |  | 0 | 1283 | 838 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 331456 | 7810 | SH |  | SOLE |  | 0 | 7070 | 740 |
| MAGNA INTL INC | COM | 559222401 |  | 3757343 | 53089 | SH |  | SOLE |  | 0 | 39853 | 13236 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 22455361 | 1262259 | SH |  | SOLE |  | 0 | 776316 | 485943 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 573412 | 1005 | SH |  | SOLE |  | 0 | 754 | 251 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 14157 | 121 | SH |  | SOLE |  | 0 | 121 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 125514 | 442 | SH |  | SOLE |  | 0 | 330 | 112 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 5084967 | 14246 | SH |  | SOLE |  | 0 | 10410 | 3836 |
| MCDONALDS CORP | COM | 580135101 |  | 2075846 | 9674 | SH |  | SOLE |  | 0 | 7279 | 2395 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 1874528 | 86027 | SH |  | SOLE |  | 0 | 64255 | 21772 |
| MERCK  CO. INC | COM | 58933Y105 |  | 316647 | 3871 | SH |  | SOLE |  | 0 | 3440 | 431 |
| METHANEX CORP | COM | 59151K108 |  | 152656 | 3323 | SH |  | SOLE |  | 0 | 2695 | 628 |
| MICROSOFT CORP | COM | 594918104 |  | 18050050 | 81153 | SH |  | SOLE |  | 0 | 57373 | 23780 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 489647 | 6513 | SH |  | SOLE |  | 0 | 4828 | 1685 |
| MIDDLEBY CORP | COM | 596278101 |  | 16157027 | 125326 | SH |  | SOLE |  | 0 | 74267 | 51059 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1800700 | 30797 | SH |  | SOLE |  | 0 | 21073 | 9724 |
| MOODYS CORP | COM | 615369105 |  | 260635 | 898 | SH |  | SOLE |  | 0 | 660 | 238 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 34265 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 325324 | 1913 | SH |  | SOLE |  | 0 | 1080 | 833 |
| NETFLIX INC | COM | 64110L106 |  | 72998 | 135 | SH |  | SOLE |  | 0 | 135 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 21991 | 10000 | SH |  | SOLE |  | 0 | 10000 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 68569 | 1146 | SH |  | SOLE |  | 0 | 1084 | 62 |
| NEXTERA ENERGY INC | UNIT 09/01/2022S | 65339F796 |  | 3196 | 54 | SH |  | SOLE |  | 0 | 54 | 0 |
| NIKE INC | CL B | 654106103 |  | 5767873 | 40771 | SH |  | SOLE |  | 0 | 29799 | 10972 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 260420 | 1096 | SH |  | SOLE |  | 0 | 808 | 288 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 4353695 | 46105 | SH |  | SOLE |  | 0 | 32730 | 13375 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 591839 | 8473 | SH |  | SOLE |  | 0 | 6026 | 2447 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 236034 | 452 | SH |  | SOLE |  | 0 | 333 | 119 |
| NUTRIEN LTD | COM | 67077M108 |  | 2869266 | 59653 | SH |  | SOLE |  | 0 | 44423 | 15230 |
| OMNICOM GROUP INC | COM | 681919106 |  | 241870 | 3878 | SH |  | SOLE |  | 0 | 2939 | 939 |
| OPEN TEXT CORP | COM | 683715106 |  | 4334274 | 95408 | SH |  | SOLE |  | 0 | 73288 | 22120 |
| ORACLE CORP | COM | 68389X105 |  | 4074629 | 62987 | SH |  | SOLE |  | 0 | 45583 | 17404 |
| OVINTIV INC | COM | 69047Q102 |  | 54746 | 3811 | SH |  | SOLE |  | 0 | 2601 | 1210 |
| PTC INC | COM | 69370C100 |  | 254769 | 2130 | SH |  | SOLE |  | 0 | 1213 | 917 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 198663 | 559 | SH |  | SOLE |  | 0 | 318 | 241 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 17240 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1143832 | 4884 | SH |  | SOLE |  | 0 | 3972 | 912 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 2513628 | 106324 | SH |  | SOLE |  | 0 | 73886 | 32438 |
| PEPSICO INC | COM | 713448108 |  | 20817315 | 140373 | SH |  | SOLE |  | 0 | 84505 | 55868 |
| PFIZER INC | COM | 717081103 |  | 69202 | 1880 | SH |  | SOLE |  | 0 | 1563 | 317 |
| PIONEER NAT RES CO | COM | 723787107 |  | 236549 | 2077 | SH |  | SOLE |  | 0 | 1534 | 543 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 2120 | 129 | SH |  | SOLE |  | 0 | 129 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1534435 | 11028 | SH |  | SOLE |  | 0 | 7780 | 3248 |
| PROSHARES TR | HD REPLICATION | 74347X294 |  | 29225 | 610 | SH |  | SOLE |  | 0 | 610 | 0 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 14437192 | 390934 | SH |  | SOLE |  | 0 | 232838 | 158096 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 41547 | 581 | SH |  | SOLE |  | 0 | 581 | 0 |
| REALPAGE INC | COM | 75606N109 |  | 731943 | 8390 | SH |  | SOLE |  | 0 | 5511 | 2879 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 454607 | 18435 | SH |  | SOLE |  | 0 | 11499 | 6936 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1257581 | 13059 | SH |  | SOLE |  | 0 | 9381 | 3678 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 24356779 | 398446 | SH |  | SOLE |  | 0 | 240497 | 157949 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 171125 | 2275 | SH |  | SOLE |  | 0 | 1293 | 982 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 5125126 | 73749 | SH |  | SOLE |  | 0 | 52313 | 21436 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 969631 | 3866 | SH |  | SOLE |  | 0 | 2725 | 1141 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 24530949 | 527047 | SH |  | SOLE |  | 0 | 331323 | 195724 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1209207 | 2805 | SH |  | SOLE |  | 0 | 2163 | 642 |
| ROSS STORES INC | COM | 778296103 |  | 21614 | 176 | SH |  | SOLE |  | 0 | 176 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 14993287 | 182517 | SH |  | SOLE |  | 0 | 129949 | 52568 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 4076 | 116 | SH |  | SOLE |  | 0 | 116 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADS | 783513203 |  | 86664 | 788 | SH |  | SOLE |  | 0 | 545 | 243 |
| S GLOBAL INC | COM | 78409V104 |  | 5282033 | 16068 | SH |  | SOLE |  | 0 | 11328 | 4740 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1047209 | 2801 | SH |  | SOLE |  | 0 | 1707 | 1094 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 10700 | 60 | SH |  | SOLE |  | 0 | 60 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 7643 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| SALESFORCE COM INC | COM | 79466L302 |  | 392765 | 1765 | SH |  | SOLE |  | 0 | 1605 | 160 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 172543 | 3551 | SH |  | SOLE |  | 0 | 2502 | 1049 |
| SAP SE | SPON ADR | 803054204 |  | 25414706 | 194913 | SH |  | SOLE |  | 0 | 116183 | 78730 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 228708 | 4312 | SH |  | SOLE |  | 0 | 2515 | 1797 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 164927 | 1454 | SH |  | SOLE |  | 0 | 1454 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 665469 | 1209 | SH |  | SOLE |  | 0 | 897 | 312 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 341907 | 19486 | SH |  | SOLE |  | 0 | 17871 | 1615 |
| SHOPIFY INC | CL A | 82509L107 |  | 1108583 | 982 | SH |  | SOLE |  | 0 | 666 | 316 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 411664 | 1290 | SH |  | SOLE |  | 0 | 1180 | 110 |
| SQUARE INC | CL A | 852234103 |  | 154306 | 709 | SH |  | SOLE |  | 0 | 543 | 166 |
| STANTEC INC | COM | 85472N109 |  | 1959535 | 60438 | SH |  | SOLE |  | 0 | 39252 | 21186 |
| STARBUCKS CORP | COM | 855244109 |  | 615241 | 5751 | SH |  | SOLE |  | 0 | 5161 | 590 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 87410 | 14167 | SH |  | SOLE |  | 0 | 9889 | 4278 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 2772386 | 62364 | SH |  | SOLE |  | 0 | 51956 | 10408 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2028954 | 120996 | SH |  | SOLE |  | 0 | 99482 | 21514 |
| TFI INTL INC | COM | 87241L109 |  | 1147547 | 22296 | SH |  | SOLE |  | 0 | 18997 | 3299 |
| TJX COS INC NEW | COM | 872540109 |  | 1395096 | 20429 | SH |  | SOLE |  | 0 | 14374 | 6055 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 483701 | 4436 | SH |  | SOLE |  | 0 | 2668 | 1768 |
| TC ENERGY CORP | COM | 87807B107 |  | 18691984 | 459877 | SH |  | SOLE |  | 0 | 280460 | 179417 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 1478312 | 81480 | SH |  | SOLE |  | 0 | 66083 | 15397 |
| TELUS CORPORATION | COM | 87971M103 |  | 8012392 | 404656 | SH |  | SOLE |  | 0 | 308889 | 95767 |
| TESLA INC | COM | 88160R101 |  | 168655 | 239 | SH |  | SOLE |  | 0 | 239 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 277543 | 1691 | SH |  | SOLE |  | 0 | 947 | 744 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 43747454 | 93923 | SH |  | SOLE |  | 0 | 56642 | 37281 |
| THOMSON REUTERS CORP. | COM NEW | 884903709 |  | 2680024 | 32753 | SH |  | SOLE |  | 0 | 23597 | 9156 |
| 3M CO | COM | 88579Y101 |  | 5942 | 34 | SH |  | SOLE |  | 0 | 34 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 52868995 | 935940 | SH |  | SOLE |  | 0 | 602881 | 333059 |
| TOTAL SE | SPONSORED ADS | 89151E109 |  | 767916 | 18323 | SH |  | SOLE |  | 0 | 14457 | 3866 |
| TRINITY INDS INC | COM | 896522109 |  | 5278 | 200 | SH |  | SOLE |  | 0 | 200 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 436956 | 1001 | SH |  | SOLE |  | 0 | 660 | 341 |
| US BANCORP DEL | COM NEW | 902973304 |  | 745 | 16 | SH |  | SOLE |  | 0 | 0 | 16 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 466650 | 9150 | SH |  | SOLE |  | 0 | 8320 | 830 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 5614204 | 93012 | SH |  | SOLE |  | 0 | 66451 | 26561 |
| UNION PAC CORP | COM | 907818108 |  | 28942 | 139 | SH |  | SOLE |  | 0 | 139 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 309856 | 1840 | SH |  | SOLE |  | 0 | 1670 | 170 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 28365453 | 80887 | SH |  | SOLE |  | 0 | 48602 | 32285 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 32890 | 93 | SH |  | SOLE |  | 0 | 93 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 3061194 | 14146 | SH |  | SOLE |  | 0 | 10018 | 4128 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1584487 | 26970 | SH |  | SOLE |  | 0 | 20969 | 6001 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1174751 | 5659 | SH |  | SOLE |  | 0 | 3752 | 1907 |
| VERMILION ENERGY INC | COM | 923725105 |  | 30367 | 6807 | SH |  | SOLE |  | 0 | 6807 | 0 |
| VERRA MOBILITY CORP | COM | 92511U102 |  | 181451 | 13521 | SH |  | SOLE |  | 0 | 9947 | 3574 |
| VIATRIS INC | COM | 92556V106 |  | 356 | 19 | SH |  | SOLE |  | 0 | 19 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 44630325 | 204043 | SH |  | SOLE |  | 0 | 128063 | 75980 |
| VONTIER CORPORATION | COM | 928881101 |  | 1719298 | 51476 | SH |  | SOLE |  | 0 | 31786 | 19690 |
| VULCAN MATLS CO | COM | 929160109 |  | 238927 | 1611 | SH |  | SOLE |  | 0 | 1192 | 419 |
| WALMART INC | COM | 931142103 |  | 428125 | 2970 | SH |  | SOLE |  | 0 | 2740 | 230 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 127608 | 3359 | SH |  | SOLE |  | 0 | 1874 | 1485 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 1393258 | 13591 | SH |  | SOLE |  | 0 | 12711 | 880 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1452072 | 12313 | SH |  | SOLE |  | 0 | 9339 | 2974 |
| WATERS CORP | COM | 941848103 |  | 6185 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 6036 | 200 | SH |  | SOLE |  | 0 | 200 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 131172 | 463 | SH |  | SOLE |  | 0 | 347 | 116 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 361581 | 8660 | SH |  | SOLE |  | 0 | 6149 | 2511 |
| WINMARK CORP | COM | 974250102 |  | 103304 | 556 | SH |  | SOLE |  | 0 | 441 | 115 |
| WORKHORSE GROUP INC | COM NEW | 98138J206 |  | 3956 | 200 | SH |  | SOLE |  | 0 | 200 | 0 |
| YAMANA GOLD INC | COM | 98462Y100 |  | 280190 | 49070 | SH |  | SOLE |  | 0 | 46870 | 2200 |
| ZOETIS INC | CL A | 98978V103 |  | 5092435 | 30770 | SH |  | SOLE |  | 0 | 21579 | 9191 |
| AON PLC | SHS CL A | G0403H108 |  | 558175 | 2642 | SH |  | SOLE |  | 0 | 1649 | 993 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 3204785 | 12269 | SH |  | SOLE |  | 0 | 8934 | 3335 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD LP | G16234109 |  | 80786 | 2130 | SH |  | SOLE |  | 0 | 2130 | 0 |
| BROOKFIELD PROPERTY PARTRS L | UNIT LTD PARTN | G16249107 |  | 9586 | 663 | SH |  | SOLE |  | 0 | 586 | 77 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 375495 | 7591 | SH |  | SOLE |  | 0 | 6134 | 1457 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 5689905 | 131836 | SH |  | SOLE |  | 0 | 94048 | 37788 |
| COCA COLA EUROPEAN PARTNERS | SHS | G25839104 |  | 180035 | 3613 | SH |  | SOLE |  | 0 | 1985 | 1628 |
| LINDE PLC | SHS | G5494J103 |  | 29542633 | 112112 | SH |  | SOLE |  | 0 | 66480 | 45632 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 923766 | 7886 | SH |  | SOLE |  | 0 | 5948 | 1938 |
| NIELSEN HLDGS PLC | SHS EUR | G6518L108 |  | 7116 | 341 | SH |  | SOLE |  | 0 | 159 | 182 |
| ALCON AG | ORD SHS | H01301128 |  | 6202 | 94 | SH |  | SOLE |  | 0 | 64 | 30 |
| CHUBB LIMITED | COM | H1467J104 |  | 3232 | 21 | SH |  | SOLE |  | 0 | 21 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 9754 | 20 | SH |  | SOLE |  | 0 | 20 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 209575 | 1318 | SH |  | SOLE |  | 0 | 742 | 576 |

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