LETKO, BROSSEAU & ASSOCIATES INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNI	CANADIAN NATL RY CO	773,340	$76,586	1.3%	$96.14	0.0%	COM	136375102
TTE	TOTALENERGIES SE	1,106,404	$72,235	1.2%	$63.23	0.0%	ACT	F92124100
CRM	SALESFORCE INC	3,400	$901	0.0%	$248.17	0.0%	COM	79466L302
AQST	AQUESTIVE THERAPEUTICS INC	35,325	$228	0.0%	$6.23	0.0%	COM	03843E104
CABA	CABALETTA BIO INC	90,475	$198	0.0%	$2.48	0.0%	COM	12674W109
BCAX	BICARA THERAPEUTICS INC	11,175	$188	0.0%	$17.08	0.0%	COM	055477103
TENX	TENAX THERAPEUTICS INC	10,650	$130	0.0%	$8.70	0.0%	COM NEW	88032L605

Increased Positions (24)

ELPC COMPANHIA PARANAENSE DE ENER 1.1%

Value ($000) $69,199 (+11645.0%) Shares 7,276,402 (+10965.8%) Est. Cost $9.48 Unrealized —

TU TELUS CORPORATION 1.5%

Value ($000) $89,416 (-14.4%) Shares 6,775,387 (+2.2%) Est. Cost $17.64 Unrealized -20.2%

FDX FEDEX CORP 1.1%

Value ($000) $64,588 (+26.4%) Shares 223,597 (+3.2%) Est. Cost $191.40 Unrealized +36.7%

GPK GRAPHIC PACKAGING HLDG CO 0.9%

Value ($000) $51,980 (+28.0%) Shares 3,451,510 (+66.3%) Est. Cost $19.87 Unrealized -17.3%

CX CEMEX SAB DE CV 0.7%

Value ($000) $43,932 (+32.2%) Shares 3,823,500 (+3.4%) Est. Cost $4.17 Unrealized —

BCE BCE INC 2.9%

Value ($000) $175,277 (+6.4%) Shares 7,338,441 (+4.2%) Est. Cost $24.02 Unrealized -4.1%

MRK MERCK & CO INC 0.6%

Value ($000) $39,002 (+31.3%) Shares 370,534 (+4.7%) Est. Cost $54.27 Unrealized +71.8%

TFC TRUIST FINL CORP 1.4%

Value ($000) $83,497 (+9.7%) Shares 1,696,756 (+1.9%) Est. Cost $36.43 Unrealized +25.7%

UPS UNITED PARCEL SERVICE INC 0.6%

Value ($000) $35,527 (+25.1%) Shares 358,175 (+5.3%) Est. Cost $88.47 Unrealized +4.8%

WFG WEST FRASER TIMBER CO LTD 1.2%

Value ($000) $71,755 (-8.2%) Shares 1,171,348 (+1.9%) Est. Cost $66.21 Unrealized -5.5%

BIIB BIOGEN INC 0.4%

Value ($000) $22,840 (+35.2%) Shares 129,780 (+7.6%) Est. Cost $251.15 Unrealized -34.9%

ADNT ADIENT PLC 0.5%

Value ($000) $30,219 (-16.2%) Shares 1,576,385 (+5.3%) Est. Cost $15.18 Unrealized +38.6%

EMN EASTMAN CHEM CO 1.2%

Value ($000) $76,240 (+6.8%) Shares 1,194,421 (+5.5%) Est. Cost $63.79 Unrealized -4.4%

BAP CREDICORP LTD 0.5%

Value ($000) $29,050 (+12.2%) Shares 101,221 (+4.1%) Est. Cost $136.01 Unrealized +94.7%

VZ VERIZON COMMUNICATIONS INC 1.1%

Value ($000) $69,768 (-4.2%) Shares 1,712,944 (+3.3%) Est. Cost $27.89 Unrealized +45.1%

HDB HDFC BANK LTD 0.1%

Value ($000) $6,469 (+45.4%) Shares 177,035 (+35.9%) Est. Cost $44.19 Unrealized —

CPA COPA HOLDINGS SA 0.4%

Value ($000) $23,543 (+5.5%) Shares 195,203 (+4.0%) Est. Cost $69.35 Unrealized +74.9%

MAC MACERICH CO 0.6%

Value ($000) $34,636 (+3.6%) Shares 1,876,270 (+2.1%) Est. Cost $16.03 Unrealized —

PBA PEMBINA PIPELINE CORP 0.0%

Value ($000) $887 (+49.7%) Shares 23,250 (+58.7%) Est. Cost $35.50 Unrealized +8.4%

CMCSA COMCAST CORP NEW 1.1%

Value ($000) $67,707 (-0.4%) Shares 2,265,221 (+4.7%) Est. Cost $30.06 Unrealized -5.1%

FCX FREEPORT-MCMORAN INC 0.0%

Value ($000) $489 (+80.0%) Shares 9,625 (+39.0%) Est. Cost $39.27 Unrealized +10.3%

SW SMURFIT WESTROCK PLC 0.1%

Value ($000) $3,786 (-2.8%) Shares 97,909 (+7.0%) Est. Cost $43.33 Unrealized -12.0%

COP CONOCOPHILLIPS 0.7%

Value ($000) $40,314 (+0.2%) Shares 430,664 (+1.3%) Est. Cost $41.40 Unrealized +117.4%

FLIN FRANKLIN TEMPLETON ETF TR 0.0%

Value ($000) $886 (+7.1%) Shares 22,950 (+3.5%) Est. Cost $38.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ELPC	COMPANHIA PARANAENSE DE ENER	7,276,402 (+10965.8%)	$69,199 (+11645.0%)	1.1%	$9.48	—	SPONSORED ADS	20441B704
TU	TELUS CORPORATION	6,775,387 (+2.2%)	$89,416 (-14.4%)	1.5%	$17.64	-20.2%	COM	87971M103
FDX	FEDEX CORP	223,597 (+3.2%)	$64,588 (+26.4%)	1.1%	$191.40	+36.7%	COM	31428X106
GPK	GRAPHIC PACKAGING HLDG CO	3,451,510 (+66.3%)	$51,980 (+28.0%)	0.9%	$19.87	-17.3%	COM	388689101
CX	CEMEX SAB DE CV	3,823,500 (+3.4%)	$43,932 (+32.2%)	0.7%	$4.17	—	SPON ADR NEW	151290889
BCE	BCE INC	7,338,441 (+4.2%)	$175,277 (+6.4%)	2.9%	$24.02	-4.1%	COM NEW	05534B760
MRK	MERCK & CO INC	370,534 (+4.7%)	$39,002 (+31.3%)	0.6%	$54.27	+71.8%	COM	58933Y105
TFC	TRUIST FINL CORP	1,696,756 (+1.9%)	$83,497 (+9.7%)	1.4%	$36.43	+25.7%	COM	89832Q109
UPS	UNITED PARCEL SERVICE INC	358,175 (+5.3%)	$35,527 (+25.1%)	0.6%	$88.47	+4.8%	CL B	911312106
WFG	WEST FRASER TIMBER CO LTD	1,171,348 (+1.9%)	$71,755 (-8.2%)	1.2%	$66.21	-5.5%	COM	952845105
BIIB	BIOGEN INC	129,780 (+7.6%)	$22,840 (+35.2%)	0.4%	$251.15	-34.9%	COM	09062X103
ADNT	ADIENT PLC	1,576,385 (+5.3%)	$30,219 (-16.2%)	0.5%	$15.18	+38.6%	ORD SHS	G0084W101
EMN	EASTMAN CHEM CO	1,194,421 (+5.5%)	$76,240 (+6.8%)	1.2%	$63.79	-4.4%	COM	277432100
BAP	CREDICORP LTD	101,221 (+4.1%)	$29,050 (+12.2%)	0.5%	$136.01	+94.7%	COM	G2519Y108
VZ	VERIZON COMMUNICATIONS INC	1,712,944 (+3.3%)	$69,768 (-4.2%)	1.1%	$27.89	+45.1%	COM	92343V104
HDB	HDFC BANK LTD	177,035 (+35.9%)	$6,469 (+45.4%)	0.1%	$44.19	—	SPONSORED ADS	40415F101
CPA	COPA HOLDINGS SA	195,203 (+4.0%)	$23,543 (+5.5%)	0.4%	$69.35	+74.9%	CL A	P31076105
MAC	MACERICH CO	1,876,270 (+2.1%)	$34,636 (+3.6%)	0.6%	$16.03	—	COM	554382101
PBA	PEMBINA PIPELINE CORP	23,250 (+58.7%)	$887 (+49.7%)	0.0%	$35.50	+8.4%	COM	706327103
CMCSA	COMCAST CORP NEW	2,265,221 (+4.7%)	$67,707 (-0.4%)	1.1%	$30.06	-5.1%	CL A	20030N101
FCX	FREEPORT-MCMORAN INC	9,625 (+39.0%)	$489 (+80.0%)	0.0%	$39.27	+10.3%	CL B	35671D857
SW	SMURFIT WESTROCK PLC	97,909 (+7.0%)	$3,786 (-2.8%)	0.1%	$43.33	-12.0%	SHS	G8267P108
COP	CONOCOPHILLIPS	430,664 (+1.3%)	$40,314 (+0.2%)	0.7%	$41.40	+117.4%	COM	20825C104
FLIN	FRANKLIN TEMPLETON ETF TR	22,950 (+3.5%)	$886 (+7.1%)	0.0%	$38.08	—	FRANKLIN INDIA	35473P769

Exited Positions (5)

— COMPANHIA PARANAENSE DE ENER 1.1%

Value ($000) $65,621 Shares 6,696,046 Est. Cost $6.03 Unrealized —

GILD GILEAD SCIENCES INC 0.8%

Value ($000) $47,011 Shares 423,520 Est. Cost $58.34 Unrealized +107.2%

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $1,166 Shares 6,250 Est. Cost $174.29 Unrealized +6.8%

MLYS MINERALYS THERAPEUTICS INC 0.0%

Value ($000) $208 Shares 5,475 Est. Cost $14.37 Unrealized +179.1%

— 89BIO INC 0.0%

Value ($000) $157 Shares 10,700 Est. Cost $7.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	COMPANHIA PARANAENSE DE ENER	6,696,046	$65,621	1.1%	$6.03	—	—	20441B605
GILD	GILEAD SCIENCES INC	423,520	$47,011	0.8%	$58.34	+107.2%	—	375558103
NVDA	NVIDIA CORPORATION	6,250	$1,166	0.0%	$174.29	+6.8%	—	67066G104
MLYS	MINERALYS THERAPEUTICS INC	5,475	$208	0.0%	$14.37	+179.1%	—	603170101
—	89BIO INC	10,700	$157	0.0%	$7.40	—	—	282559103

Decreased Positions (36)

GOOG ALPHABET INC 4.3%

Value ($000) $262,860 (+25.8%) Shares 837,666 (-2.3%) Est. Cost $114.22 Unrealized +150.7%

SHEL SHELL PLC 0.0%

Value ($000) $668 (-98.5%) Shares 9,085 (-98.6%) Est. Cost $54.93 Unrealized —

B BARRICK MNG CORP 3.3%

Value ($000) $200,093 (+24.3%) Shares 4,587,350 (-6.4%) Est. Cost $19.29 Unrealized +94.0%

MFC MANULIFE FINL CORP 3.7%

Value ($000) $223,656 (+15.5%) Shares 6,151,217 (-1.0%) Est. Cost $16.12 Unrealized +110.6%

RY ROYAL BK CDA 4.1%

Value ($000) $250,134 (+13.0%) Shares 1,465,322 (-2.4%) Est. Cost $61.24 Unrealized +150.7%

HBM HUDBAY MINERALS INC 0.5%

Value ($000) $31,203 (-41.7%) Shares 1,569,583 (-55.6%) Est. Cost $6.00 Unrealized +182.0%

MGA MAGNA INTL INC 3.6%

Value ($000) $217,137 (+11.1%) Shares 4,067,800 (-1.4%) Est. Cost $38.48 Unrealized +27.0%

RCI ROGERS COMMUNICATIONS INC 4.1%

Value ($000) $250,270 (+8.6%) Shares 6,621,447 (-1.0%) Est. Cost $39.67 Unrealized -5.5%

BNS BANK NOVA SCOTIA HALIFAX 4.5%

Value ($000) $275,150 (+6.9%) Shares 3,725,790 (-6.4%) Est. Cost $32.33 Unrealized +110.3%

WMT WALMART INC 0.4%

Value ($000) $23,129 (-43.4%) Shares 207,606 (-47.6%) Est. Cost $44.16 Unrealized +142.8%

SWKS SKYWORKS SOLUTIONS INC 0.7%

Value ($000) $42,576 (-29.2%) Shares 671,432 (-14.1%) Est. Cost $93.61 Unrealized -25.8%

TD TORONTO DOMINION BK ONT 4.2%

Value ($000) $258,838 (+6.7%) Shares 2,742,748 (-9.5%) Est. Cost $45.73 Unrealized +84.7%

BMO BANK MONTREAL QUE 3.6%

Value ($000) $217,713 (-5.9%) Shares 1,674,225 (-5.7%) Est. Cost $37.34 Unrealized +239.1%

CM CANADIAN IMPERIAL BANK OF CO 2.7%

Value ($000) $164,508 (+8.8%) Shares 1,812,262 (-4.2%) Est. Cost $38.74 Unrealized +121.5%

SU SUNCOR ENERGY INC NEW 1.2%

Value ($000) $73,831 (-14.7%) Shares 1,661,252 (-19.6%) Est. Cost $19.42 Unrealized +117.7%

C CITIGROUP INC 1.5%

Value ($000) $94,573 (+13.4%) Shares 810,460 (-1.3%) Est. Cost $36.57 Unrealized +183.4%

EFXT ENERFLEX LTD 0.7%

Value ($000) $43,465 (-19.0%) Shares 2,815,688 (-43.4%) Est. Cost $5.48 Unrealized +142.5%

INTC INTEL CORP 1.8%

Value ($000) $110,457 (+8.9%) Shares 2,993,420 (-1.0%) Est. Cost $25.65 Unrealized +47.2%

STT STATE STR CORP 1.4%

Value ($000) $86,208 (+8.9%) Shares 668,226 (-2.0%) Est. Cost $50.22 Unrealized +136.9%

PFE PFIZER INC 1.6%

Value ($000) $96,573 (-6.1%) Shares 3,878,438 (-4.0%) Est. Cost $24.74 Unrealized +1.2%

TECK TECK RESOURCES LTD 1.0%

Value ($000) $58,320 (-7.6%) Shares 1,216,592 (-15.4%) Est. Cost $14.93 Unrealized +190.1%

IVZ INVESCO LTD 0.7%

Value ($000) $41,387 (+12.7%) Shares 1,575,463 (-1.6%) Est. Cost $10.06 Unrealized +141.7%

ADBE ADOBE INC 1.3%

Value ($000) $79,341 (-4.7%) Shares 226,696 (-4.0%) Est. Cost $407.09 Unrealized -16.5%

WFC WELLS FARGO CO NEW 0.9%

Value ($000) $53,827 (-5.8%) Shares 577,544 (-15.3%) Est. Cost $40.96 Unrealized +111.5%

SBS COMPANHIA DE SANEAMENTO BASI 0.9%

Value ($000) $52,872 (-5.5%) Shares 2,216,854 (-1.4%) Est. Cost $8.77 Unrealized —

PROF PROFOUND MED CORP 0.1%

Value ($000) $7,627 (+58.1%) Shares 970,675 (-1.6%) Est. Cost $14.66 Unrealized -56.2%

LULU LULULEMON ATHLETICA INC 0.6%

Value ($000) $36,707 (+6.5%) Shares 176,638 (-8.8%) Est. Cost $223.02 Unrealized -18.8%

ABBV ABBVIE INC 1.1%

Value ($000) $65,143 (-3.3%) Shares 285,104 (-2.0%) Est. Cost $60.72 Unrealized +274.7%

MRNA MODERNA INC 0.4%

Value ($000) $21,423 (-9.2%) Shares 726,440 (-20.5%) Est. Cost $68.51 Unrealized -60.3%

CXM SPRINKLR INC 0.2%

Value ($000) $11,165 (-14.9%) Shares 1,435,075 (-15.6%) Est. Cost $11.92 Unrealized -36.2%

IBN ICICI BANK LIMITED 0.2%

Value ($000) $12,750 (-3.7%) Shares 427,852 (-2.3%) Est. Cost $14.31 Unrealized —

ORCL ORACLE CORP 0.0%

Value ($000) $277 (-59.3%) Shares 1,420 (-41.3%) Est. Cost $160.80 Unrealized +48.0%

XBI SPDR SERIES TRUST 0.1%

Value ($000) $3,700 (+4.5%) Shares 32,825 (-7.1%) Est. Cost $83.00 Unrealized —

ERO ERO COPPER CORP 0.0%

Value ($000) $416 (+14.2%) Shares 14,700 (-18.3%) Est. Cost $13.70 Unrealized +69.9%

PVLA PALVELLA THERAPEUTICS INC NE 0.0%

Value ($000) $366 (+12.4%) Shares 3,500 (-32.7%) Est. Cost $44.59 Unrealized +91.3%

AMRZ AMRIZE LTD 0.0%

Value ($000) $272 (+5.9%) Shares 4,941 (-7.1%) Est. Cost $50.45 Unrealized +1.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	837,666 (-2.3%)	$262,860 (+25.8%)	4.3%	$114.22	+150.7%	CAP STK CL C	02079K107
SHEL	SHELL PLC	9,085 (-98.6%)	$668 (-98.5%)	0.0%	$54.93	—	SPON ADS	780259305
B	BARRICK MNG CORP	4,587,350 (-6.4%)	$200,093 (+24.3%)	3.3%	$19.29	+94.0%	COM SHS	06849F108
MFC	MANULIFE FINL CORP	6,151,217 (-1.0%)	$223,656 (+15.5%)	3.7%	$16.12	+110.6%	COM	56501R106
RY	ROYAL BK CDA	1,465,322 (-2.4%)	$250,134 (+13.0%)	4.1%	$61.24	+150.7%	COM	780087102
HBM	HUDBAY MINERALS INC	1,569,583 (-55.6%)	$31,203 (-41.7%)	0.5%	$6.00	+182.0%	COM	443628102
MGA	MAGNA INTL INC	4,067,800 (-1.4%)	$217,137 (+11.1%)	3.6%	$38.48	+27.0%	COM	559222401
RCI	ROGERS COMMUNICATIONS INC	6,621,447 (-1.0%)	$250,270 (+8.6%)	4.1%	$39.67	-5.5%	CL B	775109200
BNS	BANK NOVA SCOTIA HALIFAX	3,725,790 (-6.4%)	$275,150 (+6.9%)	4.5%	$32.33	+110.3%	COM	064149107
WMT	WALMART INC	207,606 (-47.6%)	$23,129 (-43.4%)	0.4%	$44.16	+142.8%	COM	931142103
SWKS	SKYWORKS SOLUTIONS INC	671,432 (-14.1%)	$42,576 (-29.2%)	0.7%	$93.61	-25.8%	COM	83088M102
TD	TORONTO DOMINION BK ONT	2,742,748 (-9.5%)	$258,838 (+6.7%)	4.2%	$45.73	+84.7%	COM NEW	891160509
BMO	BANK MONTREAL QUE	1,674,225 (-5.7%)	$217,713 (-5.9%)	3.6%	$37.34	+239.1%	COM	063671101
CM	CANADIAN IMPERIAL BANK OF CO	1,812,262 (-4.2%)	$164,508 (+8.8%)	2.7%	$38.74	+121.5%	COM	136069101
SU	SUNCOR ENERGY INC NEW	1,661,252 (-19.6%)	$73,831 (-14.7%)	1.2%	$19.42	+117.7%	COM	867224107
C	CITIGROUP INC	810,460 (-1.3%)	$94,573 (+13.4%)	1.5%	$36.57	+183.4%	COM NEW	172967424
EFXT	ENERFLEX LTD	2,815,688 (-43.4%)	$43,465 (-19.0%)	0.7%	$5.48	+142.5%	COM	29269R105
INTC	INTEL CORP	2,993,420 (-1.0%)	$110,457 (+8.9%)	1.8%	$25.65	+47.2%	COM	458140100
STT	STATE STR CORP	668,226 (-2.0%)	$86,208 (+8.9%)	1.4%	$50.22	+136.9%	COM	857477103
PFE	PFIZER INC	3,878,438 (-4.0%)	$96,573 (-6.1%)	1.6%	$24.74	+1.2%	COM	717081103
TECK	TECK RESOURCES LTD	1,216,592 (-15.4%)	$58,320 (-7.6%)	1.0%	$14.93	+190.1%	CL B	878742204
IVZ	INVESCO LTD	1,575,463 (-1.6%)	$41,387 (+12.7%)	0.7%	$10.06	+141.7%	SHS	G491BT108
ADBE	ADOBE INC	226,696 (-4.0%)	$79,341 (-4.7%)	1.3%	$407.09	-16.5%	COM	00724F101
WFC	WELLS FARGO CO NEW	577,544 (-15.3%)	$53,827 (-5.8%)	0.9%	$40.96	+111.5%	COM	949746101
SBS	COMPANHIA DE SANEAMENTO BASI	2,216,854 (-1.4%)	$52,872 (-5.5%)	0.9%	$8.77	—	SPONSORED ADR	20441A102
PROF	PROFOUND MED CORP	970,675 (-1.6%)	$7,627 (+58.1%)	0.1%	$14.66	-56.2%	COM NEW	74319B502
LULU	LULULEMON ATHLETICA INC	176,638 (-8.8%)	$36,707 (+6.5%)	0.6%	$223.02	-18.8%	COM	550021109
ABBV	ABBVIE INC	285,104 (-2.0%)	$65,143 (-3.3%)	1.1%	$60.72	+274.7%	COM	00287Y109
MRNA	MODERNA INC	726,440 (-20.5%)	$21,423 (-9.2%)	0.4%	$68.51	-60.3%	COM	60770K107
CXM	SPRINKLR INC	1,435,075 (-15.6%)	$11,165 (-14.9%)	0.2%	$11.92	-36.2%	CL A	85208T107
IBN	ICICI BANK LIMITED	427,852 (-2.3%)	$12,750 (-3.7%)	0.2%	$14.31	—	ADR	45104G104
ORCL	ORACLE CORP	1,420 (-41.3%)	$277 (-59.3%)	0.0%	$160.80	+48.0%	COM	68389X105
XBI	SPDR SERIES TRUST	32,825 (-7.1%)	$3,700 (+4.5%)	0.1%	$83.00	—	STATE STREET SPD	78464A870
ERO	ERO COPPER CORP	14,700 (-18.3%)	$416 (+14.2%)	0.0%	$13.70	+69.9%	COM	296006109
PVLA	PALVELLA THERAPEUTICS INC NE	3,500 (-32.7%)	$366 (+12.4%)	0.0%	$44.59	+91.3%	COM	697947109
AMRZ	AMRIZE LTD	4,941 (-7.1%)	$272 (+5.9%)	0.0%	$50.45	+1.1%	SHS	H2927K103

Unchanged Positions (33)

ILMN ILLUMINA INC 1.8%

Value ($000) $112,666 Shares 858,993 Est. Cost $120.09 Unrealized -2.2%

OTEX OPEN TEXT CORP 3.0%

Value ($000) $185,260 Shares 5,681,093 Est. Cost $32.70 Unrealized +8.3%

META META PLATFORMS INC 2.1%

Value ($000) $131,059 Shares 198,547 Est. Cost $188.07 Unrealized +254.8%

T AT&T INC 1.7%

Value ($000) $102,592 Shares 4,130,100 Est. Cost $13.59 Unrealized +86.0%

GSK GSK PLC 1.3%

Value ($000) $82,135 Shares 1,674,863 Est. Cost $33.17 Unrealized —

SLF SUN LIFE FINANCIAL INC. 3.3%

Value ($000) $200,533 Shares 3,208,223 Est. Cost $35.05 Unrealized +72.4%

NTR NUTRIEN LTD 2.9%

Value ($000) $179,859 Shares 2,910,084 Est. Cost $40.02 Unrealized +47.1%

CVS CVS HEALTH CORP 1.4%

Value ($000) $88,237 Shares 1,111,860 Est. Cost $60.14 Unrealized +30.8%

CRUS CIRRUS LOGIC INC 0.9%

Value ($000) $53,359 Shares 450,284 Est. Cost $63.97 Unrealized +92.4%

BAC BANK AMERICA CORP 0.9%

Value ($000) $53,890 Shares 979,815 Est. Cost $10.27 Unrealized +412.8%

QSR RESTAURANT BRANDS INTL INC 0.7%

Value ($000) $41,283 Shares 604,192 Est. Cost $61.97 Unrealized +11.2%

CAE CAE INC 1.6%

Value ($000) $98,024 Shares 3,219,140 Est. Cost $16.64 Unrealized +68.6%

CVE CENOVUS ENERGY INC 1.7%

Value ($000) $100,783 Shares 5,949,541 Est. Cost $11.19 Unrealized +55.2%

CVX CHEVRON CORP NEW 0.3%

Value ($000) $20,192 Shares 132,485 Est. Cost $152.28 Unrealized -0.6%

ALB ALBEMARLE CORP 0.0%

Value ($000) $350 Shares 2,475 Est. Cost $76.57 Unrealized +47.9%

ING ING GROEP N.V. 0.0%

Value ($000) $1,370 Shares 48,925 Est. Cost $9.12 Unrealized —

SCHW SCHWAB CHARLES CORP 0.0%

Value ($000) $1,973 Shares 19,746 Est. Cost $42.34 Unrealized +123.7%

VALE VALE S A 0.0%

Value ($000) $478 Shares 36,650 Est. Cost $11.24 Unrealized —

TCRX TSCAN THERAPEUTICS INC 0.0%

Value ($000) $96 Shares 95,875 Est. Cost $2.44 Unrealized -40.7%

NAMS NEWAMSTERDAM PHARMA COMPANY 0.0%

Value ($000) $413 Shares 11,775 Est. Cost $18.24 Unrealized +99.5%

GOOGL ALPHABET INC 0.0%

Value ($000) $342 Shares 1,092 Est. Cost $209.20 Unrealized +36.5%

REPL REPLIMUNE GROUP INC 0.0%

Value ($000) $105 Shares 10,800 Est. Cost $8.73 Unrealized -2.6%

SPRY ARS PHARMACEUTICALS INC 0.0%

Value ($000) $288 Shares 24,700 Est. Cost $6.56 Unrealized +48.2%

HUMA HUMACYTE INC 0.0%

Value ($000) $44 Shares 45,950 Est. Cost $2.91 Unrealized -51.3%

MSFT MICROSOFT CORP 0.0%

Value ($000) $309 Shares 639 Est. Cost $307.21 Unrealized +62.9%

AURA AURA BIOSCIENCES INC 0.0%

Value ($000) $154 Shares 28,300 Est. Cost $7.85 Unrealized -24.4%

NXPI NXP SEMICONDUCTORS N V 0.0%

Value ($000) $385 Shares 1,775 Est. Cost $192.76 Unrealized +10.9%

GOSS GOSSAMER BIO INC 0.0%

Value ($000) $122 Shares 39,400 Est. Cost $2.20 Unrealized +29.5%

EMA EMERA INC 0.0%

Value ($000) $419 Shares 8,485 Est. Cost $43.35 Unrealized +11.4%

FTS FORTIS INC 0.0%

Value ($000) $411 Shares 7,900 Est. Cost $36.73 Unrealized +38.4%

MGTX MEIRAGTX HLDGS PLC 0.0%

Value ($000) $254 Shares 32,000 Est. Cost $5.54 Unrealized +50.2%

PROK PROKIDNEY CORP 0.0%

Value ($000) $36 Shares 15,900 Est. Cost $2.66 Unrealized -1.2%

ALDX ALDEYRA THERAPEUTICS INC 0.0%

Value ($000) $90 Shares 17,300 Est. Cost $5.13 Unrealized +0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ILMN	ILLUMINA INC	858,993	$112,666	1.8%	$120.09	-2.2%	COM	452327109
OTEX	OPEN TEXT CORP	5,681,093	$185,260	3.0%	$32.70	+8.3%	COM	683715106
META	META PLATFORMS INC	198,547	$131,059	2.1%	$188.07	+254.8%	CL A	30303M102
T	AT&T INC	4,130,100	$102,592	1.7%	$13.59	+86.0%	COM	00206R102
GSK	GSK PLC	1,674,863	$82,135	1.3%	$33.17	—	SPONSORED ADR	37733W204
SLF	SUN LIFE FINANCIAL INC.	3,208,223	$200,533	3.3%	$35.05	+72.4%	COM	866796105
NTR	NUTRIEN LTD	2,910,084	$179,859	2.9%	$40.02	+47.1%	COM	67077M108
CVS	CVS HEALTH CORP	1,111,860	$88,237	1.4%	$60.14	+30.8%	COM	126650100
CRUS	CIRRUS LOGIC INC	450,284	$53,359	0.9%	$63.97	+92.4%	COM	172755100
BAC	BANK AMERICA CORP	979,815	$53,890	0.9%	$10.27	+412.8%	COM	060505104
QSR	RESTAURANT BRANDS INTL INC	604,192	$41,283	0.7%	$61.97	+11.2%	COM	76131D103
CAE	CAE INC	3,219,140	$98,024	1.6%	$16.64	+68.6%	COM	124765108
CVE	CENOVUS ENERGY INC	5,949,541	$100,783	1.7%	$11.19	+55.2%	COM	15135U109
CVX	CHEVRON CORP NEW	132,485	$20,192	0.3%	$152.28	-0.6%	COM	166764100
ALB	ALBEMARLE CORP	2,475	$350	0.0%	$76.57	+47.9%	COM	012653101
ING	ING GROEP N.V.	48,925	$1,370	0.0%	$9.12	—	SPONSORED ADR	456837103
SCHW	SCHWAB CHARLES CORP	19,746	$1,973	0.0%	$42.34	+123.7%	COM	808513105
VALE	VALE S A	36,650	$478	0.0%	$11.24	—	SPONSORED ADS	91912E105
TCRX	TSCAN THERAPEUTICS INC	95,875	$96	0.0%	$2.44	-40.7%	COM	89854M101
NAMS	NEWAMSTERDAM PHARMA COMPANY	11,775	$413	0.0%	$18.24	+99.5%	ORDINARY SHARES	N62509109
GOOGL	ALPHABET INC	1,092	$342	0.0%	$209.20	+36.5%	CAP STK CL A	02079K305
REPL	REPLIMUNE GROUP INC	10,800	$105	0.0%	$8.73	-2.6%	COM	76029N106
SPRY	ARS PHARMACEUTICALS INC	24,700	$288	0.0%	$6.56	+48.2%	COM	82835W108
HUMA	HUMACYTE INC	45,950	$44	0.0%	$2.91	-51.3%	COM	44486Q103
MSFT	MICROSOFT CORP	639	$309	0.0%	$307.21	+62.9%	COM	594918104
AURA	AURA BIOSCIENCES INC	28,300	$154	0.0%	$7.85	-24.4%	COM	05153U107
NXPI	NXP SEMICONDUCTORS N V	1,775	$385	0.0%	$192.76	+10.9%	COM	N6596X109
GOSS	GOSSAMER BIO INC	39,400	$122	0.0%	$2.20	+29.5%	COM	38341P102
EMA	EMERA INC	8,485	$419	0.0%	$43.35	+11.4%	COM	290876101
FTS	FORTIS INC	7,900	$411	0.0%	$36.73	+38.4%	COM	349553107
MGTX	MEIRAGTX HLDGS PLC	32,000	$254	0.0%	$5.54	+50.2%	COM	G59665102
PROK	PROKIDNEY CORP	15,900	$36	0.0%	$2.66	-1.2%	SHS CL A	74291D104
ALDX	ALDEYRA THERAPEUTICS INC	17,300	$90	0.0%	$5.13	+0.1%	COM	01438T106