Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TD	TORONTO DOMINION BK	4,068,279	$216M	9.4%	$48.24	-7.2%	COMM	891160509
—	VALEANT PHARMACEUTIC	720,100	$200M	8.7%	$143.38	—	COMM	91911K102
RY	ROYAL BANK CDA	2,288,071	$175M	7.6%	$70.72	-9.0%	COMM	780087102
MFC	MANULIFE FINCL CORP	6,487,774	$151M	6.6%	$18.71	-0.7%	COMM	56501R106
BNS	BANK OF NOVA SCOTIA	2,226,970	$144M	6.3%	$33.88	-8.5%	COMM	064149107
MGA	MAGNA INTL INC	1,826,904	$128M	5.6%	$37.25	+9.9%	COMM	559222401
SU	SUNCOR ENERGY INC	3,374,000	$116M	5.1%	$22.36	-7.3%	COMM	867224107
BMO	BANK OF MONTREAL	1,321,441	$97.8M	4.3%	$45.29	-9.9%	COMM	063671101
—	CDN PACIFIC RAILWAY	458,039	$91.62M	4.0%	$192.87	—	COMM	13645T100
CNQ	CDN NATURAL RES	2,593,928	$87.93M	3.8%	$10.28	-6.6%	COMM	136385101
—	CGI GROUP INC	1,787,631	$87.33M	3.8%	$38.18	—	COMM	39945C109
CM	CANADIAN IMPERIAL BK	659,121	$60.69M	2.7%	$25.88	-9.9%	COMM	136069101
—	TRANSCANADA CORP	1,056,112	$53.61M	2.3%	$49.21	—	COMM	89353D107
RCI	ROGERS COMMUNICATION	1,091,590	$48.36M	2.1%	$38.56	-9.6%	COMM	775109200
—	SHAW COMMUNICATIONS	1,730,933	$47.08M	2.1%	$27.02	—	COMM	82028K200
CAE	CAE INC	3,158,250	$46.96M	2.1%	$11.84	-4.3%	COMM	124765108
—	AGRIUM INC	341,017	$45.14M	2.0%	$94.81	—	COMM	008916108
CNI	CDN NATL RAILWAY	624,431	$45M	2.0%	$55.39	-6.9%	COMM	136375102
—	GOLDCORP INC	1,980,725	$40.15M	1.8%	$18.54	—	COMM	380956409
—	CELESTICA INC	2,456,400	$35.72M	1.6%	$11.77	—	COMM	15101Q108
VET	VERMILION ENERGY INC	557,752	$30.09M	1.3%	$51.98	-13.1%	COMM	923725105
TECK	TECK RESOURCES LTD	1,863,000	$23.06M	1.0%	$15.26	-15.3%	COMM	878742204
—	ELDORADO GOLD CORP	4,264,900	$22.09M	1.0%	$6.10	—	COMM	284902103
CVE	CENOVUS ENERGY	1,007,187	$20.11M	0.9%	$18.35	-22.5%	COMM	15135U109
—	SIRONA DENTAL SYS	142,312	$14.29M	0.6%	$84.44	—	COMM	82966C103
TSM	TAIWAN SEMICONDUCTOR	622,026	$14.13M	0.6%	$21.77	—	COMM	874039100
COF	CAPITAL ONE FINL CO	155,718	$13.7M	0.6%	$69.27	0.0%	COMM	14040H105
NEE	NEXTERA ENERGY INC	134,290	$13.16M	0.6%	$18.99	+1.6%	COMM	65339F101
MMM	3M COMPANY	84,906	$13.1M	0.6%	$90.51	+4.8%	COMM	88579Y101
MSFT	MICROSOFT CORP	291,032	$12.85M	0.6%	$39.54	-0.6%	COMM	594918104
JNJ	JOHNSON & JOHNSON	131,660	$12.83M	0.6%	$76.86	-3.1%	COMM	478160104
BAP	CREDICORP LTD	87,027	$12.09M	0.5%	$115.34	-2.4%	COMM	G2519Y108
PSX	PHILLIPS 66	139,766	$11.26M	0.5%	$53.68	0.0%	COMM	718546104
ROST	ROSS STORES INC	230,175	$11.19M	0.5%	$41.99	+7.8%	COMM	778296103
TU	TELUS CORP	243,265	$10.47M	0.5%	$17.93	-4.3%	COMM	87971M103
—	YAMANA GOLD INC	2,301,478	$8.654M	0.4%	$3.58	—	COMM	98462Y100
PAC	GRUPO AEROPORTUARI	124,832	$8.55M	0.4%	$60.46	—	COMM	400506101
—	EXPRESS SCRIPTS HLDG	95,850	$8.525M	0.4%	$80.52	—	COMM	30219G108
AMGN	AMGEN INC	53,159	$8.161M	0.4%	$113.78	+3.3%	COMM	031162100
USB	US BANCORP DEL	177,636	$7.709M	0.3%	$29.24	+2.3%	COMM	902973304
—	RAYTHEON	79,446	$7.601M	0.3%	$101.52	—	COMM	755111507
COST	COSTCO WHSL CORP	55,362	$7.477M	0.3%	$109.42	+9.9%	COMM	22160K105
—	POTASH CORP OF SASK	176,408	$6.823M	0.3%	$35.40	—	COMM	73755L107
COR	AMERISOURCE-BERGEN	57,052	$6.067M	0.3%	$62.81	+32.1%	COMM	03073E105
SPY	SPDR S&P 500 ETF TR	27,166	$5.592M	0.2%	$206.43	—	COMM	78462F103
DE	DEERE & CO	45,590	$4.425M	0.2%	$75.36	0.0%	COMM	244199105
OXY	OCCIDENTAL PETE CORP	51,842	$4.032M	0.2%	$58.65	-3.1%	COMM	674599105
NVO	NOVO-NORDISK AS	65,919	$3.61M	0.2%	$42.67	—	COMM	670100205
—	DU PONT E I DE NEMOU	56,169	$3.592M	0.2%	$73.44	—	COMM	263534109
GWW	GRAINGER W W INC	14,548	$3.443M	0.2%	$205.91	-0.8%	COMM	384802104
PAYX	PAYCHEX INC	60,276	$2.826M	0.1%	$32.95	+7.5%	COMM	704326107
FMX	FOMENTO ECON MEXI	30,585	$2.725M	0.1%	$87.48	—	COMM	344419106
BDX	BECTON DICKINSON	17,719	$2.51M	0.1%	$107.84	+8.9%	COMM	075887109
—	ACE LIMITED	23,850	$2.425M	0.1%	$113.72	—	COMM	H0023R105
AOS	SMITH A O	32,080	$2.309M	0.1%	$21.87	+32.7%	COMM	831865209
GIS	GENERAL MILLS INC	40,402	$2.251M	0.1%	$35.30	+9.9%	COMM	370334104
UNP	UNION PAC CORP	22,914	$2.185M	0.1%	$87.42	-6.2%	COMM	907818108
—	WALGREENS BOOTS ALNC	24,868	$2.1M	0.1%	$76.21	—	COMM	931427108
M	MACYS INC	26,000	$1.754M	0.1%	$60.49	+11.7%	COMM	55616P104
NWL	NEWELL RUBBERMAID IN	42,500	$1.747M	0.1%	$26.40	0.0%	COMM	651229106
BCE	BCE INC	30,694	$1.629M	0.1%	$23.55	+0.2%	COMM	05534B760
SYY	SYSCO CORP	43,839	$1.583M	0.1%	$28.27	0.0%	COMM	871829107
—	PROGRESSIVE WASTE SO	43,200	$1.447M	0.1%	$30.12	—	COMM	74339G101
HMC	HONDA MOTOR CO	44,106	$1.429M	0.1%	$30.22	—	COMM	438128308
DEO	DIAGEO P L C	12,107	$1.405M	0.1%	$110.54	—	COMM	25243Q205
ENB	ENBRIDGE INC	20,126	$1.176M	0.1%	$25.35	+7.1%	COMM	29250N105
—	SIGMA ALDRICH CORP	6,979	$973K	0.0%	$136.33	—	COMM	826552101
MDY	SPDR S&P MIDCAP 400	3,535	$966K	0.0%	$277.23	—	COMM	78467Y107
IJR	ISHARES TR	7,884	$929K	0.0%	$118.09	—	COMM	464287804
—	PRIMERO MINING	154,400	$752K	0.0%	$3.85	—	COMM	74164W106
AGG	ISHARES TR	6,700	$729K	0.0%	$111.49	—	COMM	464287226
—	BARCLAYS BK PLC	27,316	$694K	0.0%	$25.15	—	COMM	06739F390
—	THOMSON REUTERS CORP	12,639	$601K	0.0%	$40.40	—	COMM	884903105
—	SANDSTORM GOLD	151,000	$557K	0.0%	$3.40	—	COMM	80013R206
SWK	STANLEY BLACK&DECKR	5,143	$541K	0.0%	$69.85	+11.1%	COMM	854502101
CMCSA	COMCAST CORP	9,000	$541K	0.0%	$22.40	+2.6%	COMM	20030N101
—	BROOKFIELD ASSET MGT	11,404	$498K	0.0%	$43.67	—	COMM	112585104
LFUS	LITTELFUSE INC	4,883	$463K	0.0%	$92.87	+5.1%	COMM	537008104
IMO	IMPERIAL OIL LTD	9,186	$443K	0.0%	$30.54	+6.0%	COMM	453038408
PBA	PEMBINA PIPELINE	10,918	$441K	0.0%	$21.12	-9.7%	COMM	706327103
HYG	ISHARES TR	4,309	$383K	0.0%	$90.52	—	COMM	464288513
BCPC	BALCHEM CORP	6,735	$375K	0.0%	$58.63	-7.4%	COMM	057665200
—	UNILEVER N.V	8,912	$373K	0.0%	$41.76	—	COMM	904784709
—	CRESCENT POINT ENRGY	12,516	$321K	0.0%	$25.65	—	COMM	22576C101
BAX	BAXTER INTL INC	4,394	$307K	0.0%	$32.17	-2.2%	COMM	071813109
ACN	ACCENTURE PLC	2,680	$259K	0.0%	$74.61	+8.1%	COMM	G1151C101
VOO	VANGUARD INDEX FDS	1,304	$247K	0.0%	$189.42	—	COMM	922908363
—	WESTPORT INNOVATIONS	23,014	$136K	0.0%	$3.77	—	COMM	960908309
—	ABERDEEN AS-PAC INCM	12,000	$60,000	0.0%	$5.58	—	COMM	003009107