INTACT INVESTMENT MANAGEMENT INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BGSI	BOYD GROUP SERVICES INC	161,780	$25,769	0.7%	$160.25	0.0%	COM	103310108
UNH	UNITEDHEALTH GROUP INC	43,600	$14,393	0.4%	$337.21	0.0%	COM	91324P102
KDP	KEURIG DR PEPPER INC	273,900	$7,672	0.2%	$27.24	0.0%	COM	49271V100
PNC	PNC FINL SVCS GROUP INC	36,300	$7,577	0.2%	$192.78	0.0%	COM	693475105
BX	BLACKSTONE INC	31,200	$4,809	0.1%	$151.46	0.0%	COM	09260D107
OMC	OMNICOM GROUP INC	54,400	$4,393	0.1%	$75.76	0.0%	COM	681919106
PPTA	PERPETUA RESOURCES CORP	172,800	$4,183	0.1%	$24.60	0.0%	COM	714266103
Q	QNITY ELECTRONICS INC	34,800	$2,841	0.1%	$84.91	0.0%	COMMON STOCK	74743L100
ARMN	ARIS MNG CORP	153,500	$2,489	0.1%	$12.29	0.0%	COM	04040Y109
ISOU	ISOENERGY LTD	192,000	$1,747	0.1%	$9.02	0.0%	COM NEW	46500E867
URI	UNITED RENTALS INC	1,900	$1,538	0.0%	$867.08	0.0%	COM	911363109
FSM	FORTUNA MNG CORP	126,400	$1,239	0.0%	$9.00	0.0%	COM NEW	349942102
NG	NOVAGOLD RES INC	129,200	$1,205	0.0%	$9.27	0.0%	COM NEW	66987E206
COIN	COINBASE GLOBAL INC	4,950	$1,119	0.0%	$297.98	0.0%	COM CL A	19260Q107
OPEN	OPENDOOR TECHNOLOGIES INC	174,450	$1,017	0.0%	$7.30	0.0%	COM	683712103
ALM	ALMONTY INDS INC	83,100	$732	0.0%	$7.35	0.0%	COM NEW	020398707
XYZ	BLOCK INC	7,100	$462	0.0%	$68.98	0.0%	CL A	852234103
FSV	FIRSTSERVICE CORP NEW	2,400	$373	0.0%	$162.42	0.0%	COM	33767E202
MLM	MARTIN MARIETTA MATLS INC	300	$187	0.0%	$621.36	0.0%	COM	573284106
SSRM	SSR MINING IN	7,100	$156	0.0%	$22.26	0.0%	COM	784730103
DOO	BRP INC	2,200	$156	0.0%	$67.95	0.0%	COM SUN VTG	05577W200
IMO	IMPERIAL OIL LTD	1,800	$156	0.0%	$90.69	0.0%	COM NEW	453038408
STN	STANTEC INC	1,600	$151	0.0%	$94.36	—	COM	85472N109
ELF	E L F BEAUTY INC	1,300	$99	0.0%	$98.43	0.0%	COM	26856L103
HBM	HUDBAY MINERALS INC	4,620	$92	0.0%	$16.91	0.0%	COM	443628102
ADSK	AUTODESK INC	300	$89	0.0%	$302.56	0.0%	COM	052769106
WDAY	WORKDAY INC	400	$86	0.0%	$227.21	0.0%	CL A	98138H101
RSG	REPUBLIC SVCS INC	400	$85	0.0%	$214.59	0.0%	COM	760759100
VLO	VALERO ENERGY CORP	500	$81	0.0%	$168.83	0.0%	COM	91913Y100
MPC	MARATHON PETE CORP	500	$81	0.0%	$186.40	0.0%	COM	56585A102
CLX	CLOROX CO DEL	800	$81	0.0%	$108.27	0.0%	COM	189054109
FISV	FISERV INC	1,200	$81	0.0%	$83.87	0.0%	COM	337738108
CTVA	CORTEVA INC	1,200	$80	0.0%	$64.54	0.0%	COM	22052L104
CBRE	CBRE GROUP INC	500	$80	0.0%	$157.23	0.0%	CL A	12504L109
DVA	DAVITA INC	700	$80	0.0%	$121.60	0.0%	COM	23918K108
ED	CONSOLIDATED EDISON INC	800	$79	0.0%	$98.79	0.0%	COM	209115104
GEN	GEN DIGITAL INC	2,900	$79	0.0%	$26.85	0.0%	COM	668771108
IVZ	INVESCO LTD	3,000	$79	0.0%	$24.32	0.0%	SHS	G491BT108
OTIS	OTIS WORLDWIDE CORP	900	$79	0.0%	$89.25	0.0%	COM	68902V107
PAYX	PAYCHEX INC	700	$79	0.0%	$116.54	0.0%	COM	704326107
CNC	CENTENE CORP DEL	1,900	$78	0.0%	$37.43	0.0%	COM	15135B101
ROL	ROLLINS INC	1,300	$78	0.0%	$58.66	0.0%	COM	775711104
PSA	PUBLIC STORAGE OPER CO	300	$78	0.0%	$277.29	0.0%	COM	74460D109
PSX	PHILLIPS 66	600	$77	0.0%	$134.01	0.0%	COM	718546104
DTE	DTE ENERGY CO	600	$77	0.0%	$134.80	0.0%	COM	233331107
AFL	AFLAC INC	700	$77	0.0%	$109.84	0.0%	COM	001055102
IBKR	INTERACTIVE BROKERS GROUP IN	1,200	$77	0.0%	$66.89	0.0%	COM CL A	45841N107
CPT	CAMDEN PPTY TR	700	$77	0.0%	$103.14	0.0%	SH BEN INT	133131102
KMI	KINDER MORGAN INC DEL	2,800	$77	0.0%	$26.91	0.0%	COM	49456B101
VTRS	VIATRIS INC	6,100	$76	0.0%	$10.72	0.0%	COM	92556V106
ROP	ROPER TECHNOLOGIES INC	170	$76	0.0%	$462.16	0.0%	COM	776696106
EQR	EQUITY RESIDENTIAL	1,200	$76	0.0%	$60.67	0.0%	SH BEN INT	29476L107
ZTS	ZOETIS INC	600	$75	0.0%	$130.26	0.0%	CL A	98978V103
CHD	CHURCH & DWIGHT CO INC	900	$75	0.0%	$85.27	0.0%	COM	171340102
TYL	TYLER TECHNOLOGIES INC	166	$75	0.0%	$476.40	0.0%	COM	902252105
CBOE	CBOE GLOBAL MKTS INC	300	$75	0.0%	$248.74	0.0%	COM	12503M108
CTAS	CINTAS CORP	400	$75	0.0%	$188.13	0.0%	COM	172908105
KR	KROGER CO	1,200	$75	0.0%	$65.22	0.0%	COM	501044101
HOLX	HOLOGIC INC	1,000	$74	0.0%	$73.07	0.0%	COM	436440101
GDDY	GODADDY INC	600	$74	0.0%	$129.40	0.0%	CL A	380237107
ES	EVERSOURCE ENERGY	1,100	$74	0.0%	$69.55	0.0%	COM	30040W108
FIS	FIDELITY NATL INFORMATION SV	1,100	$73	0.0%	$65.64	0.0%	COM	31620M106
PNR	PENTAIR PLC	700	$73	0.0%	$106.73	0.0%	SHS	G7S00T104
VRSN	VERISIGN INC	300	$73	0.0%	$250.80	0.0%	COM	92343E102
HSY	HERSHEY CO	400	$73	0.0%	$182.10	0.0%	COM	427866108
AVY	AVERY DENNISON CORP	400	$73	0.0%	$172.31	0.0%	COM	053611109
PEG	PUBLIC SVC ENTERPRISE GRP IN	900	$72	0.0%	$81.08	0.0%	COM	744573106
LDOS	LEIDOS HOLDINGS INC	400	$72	0.0%	$189.10	0.0%	COM	525327102
NDSN	NORDSON CORP	300	$72	0.0%	$234.27	0.0%	COM	655663102
SNDK	SANDISK CORP	300	$71	0.0%	$200.29	0.0%	COM	80004C200
BBU	BROOKFIELD BUSINESS PARTNERS	2,000	$71	0.0%	$35.39	—	UNIT LTD L P	G16234109
PYPL	PAYPAL HLDGS INC	1,200	$70	0.0%	$64.84	0.0%	COM	70450Y103
GL	GLOBE LIFE INC	500	$70	0.0%	$135.45	0.0%	COM	37959E102
PTC	PTC INC	400	$70	0.0%	$185.83	0.0%	COM	69370C100
COR	CENCORA INC	202	$68	0.0%	$340.62	0.0%	COM	03073E105
VRSK	VERISK ANALYTICS INC	300	$67	0.0%	$225.29	0.0%	COM	92345Y106
BR	BROADRIDGE FINL SOLUTIONS IN	300	$67	0.0%	$227.30	0.0%	COM	11133T103
SHW	SHERWIN WILLIAMS CO	200	$65	0.0%	$334.11	0.0%	COM	824348106
OPENW	OPENDOOR TECHNOLOGIES INC	5,814	$5	0.0%	$0.90	—	*W EXP 11/20/202	683712129
OPENL	OPENDOOR TECHNOLOGIES INC	5,814	$3	0.0%	$0.52	—	*W EXP 11/20/202	683712137
OPENZ	OPENDOOR TECHNOLOGIES INC	5,814	$2	0.0%	$0.40	—	*W EXP 11/20/202	683712145
AMD	ADVANCED MICRO DEVICES INC	1	$0	0.0%	$224.60	0.0%	COM	007903107
VLTO	VERALTO CORP	1	$0	0.0%	$101.01	0.0%	COM SHS	92338C103

Increased Positions (95)

SLF SUN LIFE FINANCIAL INC. 3.6%

Value ($000) $125,598 (+64.6%) Shares 2,012,083 (+58.3%) Est. Cost $59.60 Unrealized +1.4%

TD TORONTO DOMINION BK ONT 6.3%

Value ($000) $217,670 (+23.4%) Shares 2,309,626 (+4.7%) Est. Cost $61.74 Unrealized +36.8%

MFC MANULIFE FINL CORP 2.5%

Value ($000) $85,401 (+81.3%) Shares 2,351,965 (+55.5%) Est. Cost $25.96 Unrealized +30.8%

SU SUNCOR ENERGY INC NEW 2.2%

Value ($000) $75,236 (+44.5%) Shares 1,695,160 (+36.3%) Est. Cost $27.11 Unrealized +55.9%

BTE BAYTEX ENERGY CORP 0.8%

Value ($000) $28,687 (+333.6%) Shares 8,868,370 (+214.0%) Est. Cost $2.56 Unrealized +9.0%

BCE BCE INC 2.6%

Value ($000) $91,794 (+25.9%) Shares 3,848,390 (+23.3%) Est. Cost $26.01 Unrealized -11.4%

FNV FRANCO NEV CORP 1.2%

Value ($000) $42,742 (+71.3%) Shares 206,208 (+83.9%) Est. Cost $183.47 Unrealized +10.5%

CGAU CENTERRA GOLD INC 0.6%

Value ($000) $21,807 (+258.4%) Shares 1,514,820 (+166.7%) Est. Cost $10.43 Unrealized +20.0%

CM CANADIAN IMPERIAL BANK OF CO 1.3%

Value ($000) $44,499 (+51.3%) Shares 490,870 (+33.4%) Est. Cost $50.56 Unrealized +69.7%

CNI CANADIAN NATL RY CO 1.6%

Value ($000) $55,969 (+36.0%) Shares 565,920 (+29.7%) Est. Cost $100.74 Unrealized -4.6%

CLS CELESTICA INC 0.4%

Value ($000) $13,947 (+5051.8%) Shares 47,150 (+4186.4%) Est. Cost $296.82 Unrealized +1.5%

WPM WHEATON PRECIOUS METALS CORP 0.4%

Value ($000) $15,045 (+663.8%) Shares 127,980 (+627.2%) Est. Cost $100.28 Unrealized +6.8%

BEP BROOKFIELD RENEWABLE PARTNER 0.9%

Value ($000) $31,253 (+52.4%) Shares 1,156,587 (+45.3%) Est. Cost $27.83 Unrealized —

NGD NEW GOLD INC CDA 0.3%

Value ($000) $10,757 (+6602.8%) Shares 1,234,560 (+5411.4%) Est. Cost $7.42 Unrealized +1.4%

RBA RB GLOBAL INC 0.8%

Value ($000) $26,783 (+61.5%) Shares 260,152 (+69.9%) Est. Cost $75.47 Unrealized +34.6%

GRTUF GRANITE REAL ESTATE INVT TR 2.0%

Value ($000) $71,087 (+13.2%) Shares 1,194,147 (+5.7%) Est. Cost $50.56 Unrealized —

DIS DISNEY WALT CO 0.3%

Value ($000) $9,659 (+534.3%) Shares 84,900 (+538.3%) Est. Cost $109.83 Unrealized -0.3%

BAM BROOKFIELD ASSET MANAGMT LTD 1.2%

Value ($000) $40,992 (+22.0%) Shares 782,558 (+32.5%) Est. Cost $55.45 Unrealized -3.6%

BTG B2GOLD CORP 0.2%

Value ($000) $7,395 (+4663.2%) Shares 1,642,400 (+5130.6%) Est. Cost $4.63 Unrealized +0.7%

SBUX STARBUCKS CORP 0.2%

Value ($000) $8,573 (+447.7%) Shares 101,800 (+450.3%) Est. Cost $84.08 Unrealized -0.0%

ENB ENBRIDGE INC 1.4%

Value ($000) $47,275 (+16.4%) Shares 987,976 (+22.8%) Est. Cost $30.70 Unrealized +53.5%

GILD GILEAD SCIENCES INC 0.3%

Value ($000) $10,359 (+123.3%) Shares 84,400 (+101.9%) Est. Cost $92.47 Unrealized +30.7%

KMB KIMBERLY-CLARK CORP 0.2%

Value ($000) $6,729 (+481.9%) Shares 66,700 (+617.2%) Est. Cost $111.37 Unrealized -2.7%

BIP BROOKFIELD INFRAST PARTNERS 2.4%

Value ($000) $83,261 (+6.8%) Shares 2,395,384 (+1.3%) Est. Cost $33.55 Unrealized —

WFG WEST FRASER TIMBER CO LTD 0.2%

Value ($000) $5,803 (+728.6%) Shares 94,850 (+820.9%) Est. Cost $64.48 Unrealized -2.9%

PG PROCTER AND GAMBLE CO 0.5%

Value ($000) $17,799 (+39.9%) Shares 124,200 (+50.0%) Est. Cost $122.57 Unrealized +20.1%

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $16,981 (+33.6%) Shares 52,700 (+30.8%) Est. Cost $151.90 Unrealized +103.8%

FCX FREEPORT-MCMORAN INC 0.2%

Value ($000) $6,151 (+198.7%) Shares 121,100 (+130.7%) Est. Cost $43.26 Unrealized +0.1%

MEOH METHANEX CORP 0.8%

Value ($000) $26,875 (+16.9%) Shares 677,610 (+17.2%) Est. Cost $41.78 Unrealized -11.0%

APD AIR PRODS & CHEMS INC 0.2%

Value ($000) $5,879 (+191.3%) Shares 23,800 (+221.6%) Est. Cost $249.46 Unrealized +0.9%

ETN EATON CORP PLC 0.1%

Value ($000) $4,841 (+346.1%) Shares 15,200 (+424.1%) Est. Cost $345.54 Unrealized +2.6%

SOBO SOUTH BOW CORP 0.8%

Value ($000) $26,522 (+16.2%) Shares 964,360 (+19.6%) Est. Cost $24.32 Unrealized +11.7%

SII SPROTT INC 0.2%

Value ($000) $7,718 (+91.1%) Shares 78,800 (+62.1%) Est. Cost $65.96 Unrealized +34.4%

ORCL ORACLE CORP 0.3%

Value ($000) $12,123 (+37.7%) Shares 62,200 (+98.7%) Est. Cost $231.68 Unrealized +2.7%

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value ($000) $5,723 (+125.8%) Shares 106,100 (+88.8%) Est. Cost $44.98 Unrealized +5.7%

HD HOME DEPOT INC 0.6%

Value ($000) $19,889 (+15.0%) Shares 57,800 (+35.4%) Est. Cost $304.22 Unrealized +19.8%

NEE NEXTERA ENERGY INC 0.3%

Value ($000) $10,854 (+28.7%) Shares 135,200 (+21.0%) Est. Cost $69.59 Unrealized +18.5%

WM WASTE MGMT INC DEL 0.2%

Value ($000) $6,284 (+61.7%) Shares 28,600 (+62.5%) Est. Cost $212.36 Unrealized +0.1%

TMUS T-MOBILE US INC 0.4%

Value ($000) $12,304 (+23.9%) Shares 60,600 (+46.0%) Est. Cost $212.63 Unrealized -0.6%

IRM IRON MTN INC DEL 0.2%

Value ($000) $5,939 (+65.5%) Shares 71,600 (+103.4%) Est. Cost $93.73 Unrealized -1.0%

OKE ONEOK INC NEW 0.2%

Value ($000) $5,917 (+57.4%) Shares 80,500 (+56.3%) Est. Cost $76.00 Unrealized -7.3%

SKE SKEENA RES LTD NEW 0.1%

Value ($000) $3,734 (+133.8%) Shares 157,200 (+81.3%) Est. Cost $17.87 Unrealized +10.4%

TFPM TRIPLE FLAG PRECIOUS METAL 0.1%

Value ($000) $3,589 (+135.7%) Shares 108,000 (+107.7%) Est. Cost $23.95 Unrealized +30.6%

AMZN AMAZON COM INC 0.3%

Value ($000) $10,001 (+25.3%) Shares 43,330 (+19.2%) Est. Cost $160.44 Unrealized +42.6%

BAC BANK AMERICA CORP 0.4%

Value ($000) $14,597 (+15.1%) Shares 265,400 (+7.9%) Est. Cost $35.24 Unrealized +49.5%

CAE CAE INC 1.1%

Value ($000) $36,563 (+5.4%) Shares 1,202,355 (+2.7%) Est. Cost $24.23 Unrealized +15.7%

CVX CHEVRON CORP NEW 0.4%

Value ($000) $14,793 (+14.5%) Shares 97,062 (+16.7%) Est. Cost $146.18 Unrealized +3.6%

EQIX EQUINIX INC 0.2%

Value ($000) $7,125 (+35.8%) Shares 9,300 (+38.8%) Est. Cost $769.47 Unrealized +1.5%

BIPC BROOKFIELD INFRASTRUCTURE CO 0.1%

Value ($000) $2,106 (+593.0%) Shares 46,400 (+527.0%) Est. Cost $44.24 Unrealized +1.8%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $6,029 (+29.2%) Shares 50,100 (+21.0%) Est. Cost $95.64 Unrealized +20.7%

NOA NORTH AMERN CONSTR GROUP LTD 0.0%

Value ($000) $1,684 (+374.2%) Shares 117,000 (+368.0%) Est. Cost $15.37 Unrealized -7.4%

MSFT MICROSOFT CORP 0.9%

Value ($000) $31,387 (-4.0%) Shares 64,900 (+2.9%) Est. Cost $340.72 Unrealized +46.9%

PLD PROLOGIS INC. 0.1%

Value ($000) $2,770 (+83.3%) Shares 21,700 (+64.4%) Est. Cost $116.19 Unrealized +6.6%

AZO AUTOZONE INC 0.0%

Value ($000) $1,357 (+532.4%) Shares 400 (+700.0%) Est. Cost $3807.08 Unrealized -0.8%

HON HONEYWELL INTL INC 0.2%

Value ($000) $6,633 (+19.4%) Shares 34,000 (+28.8%) Est. Cost $189.52 Unrealized +2.9%

MDLZ MONDELEZ INTL INC 0.3%

Value ($000) $10,163 (+10.7%) Shares 188,800 (+28.5%) Est. Cost $59.59 Unrealized -4.2%

PBA PEMBINA PIPELINE CORP 2.4%

Value ($000) $82,668 (-1.2%) Shares 2,170,014 (+4.9%) Est. Cost $33.43 Unrealized +15.1%

CCI CROWN CASTLE INC 0.2%

Value ($000) $7,945 (+13.6%) Shares 89,400 (+23.3%) Est. Cost $100.72 Unrealized -9.6%

UUUU ENERGY FUELS INC 0.1%

Value ($000) $2,135 (+80.1%) Shares 147,400 (+90.9%) Est. Cost $13.64 Unrealized +24.4%

AMH AMERICAN HOMES 4 RENT 0.1%

Value ($000) $4,042 (+29.7%) Shares 125,910 (+34.4%) Est. Cost $32.96 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.1%

Value ($000) $4,264 (+25.2%) Shares 180,000 (+31.0%) Est. Cost $24.67 Unrealized -6.8%

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $1,050 (+415.6%) Shares 5,700 (+470.0%) Est. Cost $199.94 Unrealized +0.9%

REGN REGENERON PHARMACEUTICALS 0.1%

Value ($000) $2,346 (+50.7%) Shares 3,040 (+9.7%) Est. Cost $625.94 Unrealized +8.4%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $1,337 (+136.7%) Shares 1,550 (+154.1%) Est. Cost $910.66 Unrealized -0.5%

MKC MCCORMICK & CO INC 0.1%

Value ($000) $5,101 (+15.9%) Shares 74,900 (+13.8%) Est. Cost $72.50 Unrealized -9.1%

EIX EDISON INTL 0.2%

Value ($000) $5,534 (+14.0%) Shares 92,200 (+5.0%) Est. Cost $74.08 Unrealized -22.6%

TXN TEXAS INSTRS INC 0.4%

Value ($000) $13,237 (+5.2%) Shares 76,300 (+11.4%) Est. Cost $160.88 Unrealized +6.1%

CTRA COTERRA ENERGY INC 0.1%

Value ($000) $4,567 (+14.8%) Shares 173,500 (+3.2%) Est. Cost $25.65 Unrealized -2.1%

V VISA INC 0.1%

Value ($000) $2,700 (+27.6%) Shares 7,700 (+24.2%) Est. Cost $316.77 Unrealized +7.5%

NKE NIKE INC 0.2%

Value ($000) $6,148 (+10.3%) Shares 96,500 (+20.8%) Est. Cost $74.02 Unrealized -12.3%

BN BROOKFIELD CORP 0.4%

Value ($000) $14,293 (+4.1%) Shares 311,305 (+55.6%) Est. Cost $33.71 Unrealized +35.1%

SANG SANGOMA TECHNOLOGIES CORP 0.1%

Value ($000) $3,274 (+19.2%) Shares 652,325 (+17.9%) Est. Cost $5.54 Unrealized -8.1%

DHR DANAHER CORPORATION 0.1%

Value ($000) $1,786 (+34.4%) Shares 7,800 (+16.4%) Est. Cost $201.36 Unrealized +9.0%

UNP UNION PAC CORP 0.4%

Value ($000) $12,584 (+3.6%) Shares 54,400 (+5.8%) Est. Cost $217.30 Unrealized +4.6%

VICI VICI PPTYS INC 0.1%

Value ($000) $2,517 (+20.0%) Shares 89,500 (+39.2%) Est. Cost $27.19 Unrealized +7.8%

AVB AVALONBAY CMNTYS INC 0.1%

Value ($000) $3,137 (+15.2%) Shares 17,300 (+22.7%) Est. Cost $189.00 Unrealized -4.9%

APP APPLOVIN CORP 0.0%

Value ($000) $1,685 (+30.3%) Shares 2,500 (+38.9%) Est. Cost $508.45 Unrealized +23.9%

LSPD LIGHTSPEED COMMERCE INC 0.1%

Value ($000) $4,573 (+8.9%) Shares 379,000 (+4.2%) Est. Cost $15.49 Unrealized —

NFLX NETFLIX INC 0.0%

Value ($000) $1,210 (+44.1%) Shares 12,900 (+1742.9%) Est. Cost $105.75 Unrealized +2.0%

AMT AMERICAN TOWER CORP NEW 0.1%

Value ($000) $3,722 (+10.6%) Shares 21,200 (+21.1%) Est. Cost $193.80 Unrealized -7.0%

FRT FEDERAL RLTY INVT TR NEW 0.2%

Value ($000) $6,360 (+5.9%) Shares 63,100 (+6.4%) Est. Cost $92.92 Unrealized +4.8%

BLK BLACKROCK INC 0.3%

Value ($000) $8,991 (+2.8%) Shares 8,400 (+12.0%) Est. Cost $1001.59 Unrealized +8.8%

NTAP NETAPP INC 0.1%

Value ($000) $3,106 (-7.4%) Shares 29,000 (+2.5%) Est. Cost $116.14 Unrealized -2.2%

DOC HEALTHPEAK PROPERTIES INC 0.1%

Value ($000) $3,845 (+6.7%) Shares 239,100 (+27.0%) Est. Cost $21.18 Unrealized -17.6%

SJM SMUCKER J M CO 0.1%

Value ($000) $3,061 (-6.3%) Shares 31,300 (+4.0%) Est. Cost $106.66 Unrealized -3.6%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $2,006 (-8.9%) Shares 7,800 (+4.0%) Est. Cost $300.86 Unrealized -12.0%

BSX BOSTON SCIENTIFIC CORP 0.0%

Value ($000) $1,459 (+13.2%) Shares 15,300 (+15.9%) Est. Cost $80.35 Unrealized +22.0%

SO SOUTHERN CO 0.1%

Value ($000) $2,799 (-5.3%) Shares 32,100 (+2.9%) Est. Cost $57.31 Unrealized +58.6%

BKR BAKER HUGHES COMPANY 0.1%

Value ($000) $5,164 (+3.0%) Shares 113,400 (+10.2%) Est. Cost $38.20 Unrealized +23.9%

CIGI COLLIERS INTL GROUP INC 0.3%

Value ($000) $11,898 (+1.2%) Shares 80,950 (+7.7%) Est. Cost $128.38 Unrealized +16.9%

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $460 (+26.8%) Shares 1,302 (+18.1%) Est. Cost $302.65 Unrealized +20.0%

NOW SERVICENOW INC 0.1%

Value ($000) $1,879 (+2.6%) Shares 12,265 (+516.3%) Est. Cost $162.00 Unrealized +5.9%

O REALTY INCOME CORP 0.1%

Value ($000) $3,061 (+1.3%) Shares 54,300 (+9.3%) Est. Cost $50.39 Unrealized +13.8%

CARR CARRIER GLOBAL CORPORATION 0.0%

Value ($000) $449 (+6.0%) Shares 8,500 (+19.7%) Est. Cost $65.64 Unrealized -15.4%

SRE SEMPRA 0.2%

Value ($000) $6,092 (+0.2%) Shares 69,000 (+2.1%) Est. Cost $68.10 Unrealized +33.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLF	SUN LIFE FINANCIAL INC.	2,012,083 (+58.3%)	$125,598 (+64.6%)	3.6%	$59.60	+1.4%	COM	866796105
TD	TORONTO DOMINION BK ONT	2,309,626 (+4.7%)	$217,670 (+23.4%)	6.3%	$61.74	+36.8%	COM NEW	891160509
MFC	MANULIFE FINL CORP	2,351,965 (+55.5%)	$85,401 (+81.3%)	2.5%	$25.96	+30.8%	COM	56501R106
SU	SUNCOR ENERGY INC NEW	1,695,160 (+36.3%)	$75,236 (+44.5%)	2.2%	$27.11	+55.9%	COM	867224107
BTE	BAYTEX ENERGY CORP	8,868,370 (+214.0%)	$28,687 (+333.6%)	0.8%	$2.56	+9.0%	COM	07317Q105
BCE	BCE INC	3,848,390 (+23.3%)	$91,794 (+25.9%)	2.6%	$26.01	-11.4%	COM NEW	05534B760
FNV	FRANCO NEV CORP	206,208 (+83.9%)	$42,742 (+71.3%)	1.2%	$183.47	+10.5%	COM	351858105
CGAU	CENTERRA GOLD INC	1,514,820 (+166.7%)	$21,807 (+258.4%)	0.6%	$10.43	+20.0%	COM	152006102
CM	CANADIAN IMPERIAL BANK OF CO	490,870 (+33.4%)	$44,499 (+51.3%)	1.3%	$50.56	+69.7%	COM	136069101
CNI	CANADIAN NATL RY CO	565,920 (+29.7%)	$55,969 (+36.0%)	1.6%	$100.74	-4.6%	COM	136375102
CLS	CELESTICA INC	47,150 (+4186.4%)	$13,947 (+5051.8%)	0.4%	$296.82	+1.5%	COM	15101Q207
WPM	WHEATON PRECIOUS METALS CORP	127,980 (+627.2%)	$15,045 (+663.8%)	0.4%	$100.28	+6.8%	COM	962879102
BEP	BROOKFIELD RENEWABLE PARTNER	1,156,587 (+45.3%)	$31,253 (+52.4%)	0.9%	$27.83	—	PARTNERSHIP UNIT	G16258108
NGD	NEW GOLD INC CDA	1,234,560 (+5411.4%)	$10,757 (+6602.8%)	0.3%	$7.42	+1.4%	COM	644535106
RBA	RB GLOBAL INC	260,152 (+69.9%)	$26,783 (+61.5%)	0.8%	$75.47	+34.6%	COM	74935Q107
GRTUF	GRANITE REAL ESTATE INVT TR	1,194,147 (+5.7%)	$71,087 (+13.2%)	2.0%	$50.56	—	TR UNIT NEW	387437205
DIS	DISNEY WALT CO	84,900 (+538.3%)	$9,659 (+534.3%)	0.3%	$109.83	-0.3%	COM	254687106
BAM	BROOKFIELD ASSET MANAGMT LTD	782,558 (+32.5%)	$40,992 (+22.0%)	1.2%	$55.45	-3.6%	CL A LMT VTG SHS	113004105
BTG	B2GOLD CORP	1,642,400 (+5130.6%)	$7,395 (+4663.2%)	0.2%	$4.63	+0.7%	COM	11777Q209
SBUX	STARBUCKS CORP	101,800 (+450.3%)	$8,573 (+447.7%)	0.2%	$84.08	-0.0%	COM	855244109
ENB	ENBRIDGE INC	987,976 (+22.8%)	$47,275 (+16.4%)	1.4%	$30.70	+53.5%	COM	29250N105
GILD	GILEAD SCIENCES INC	84,400 (+101.9%)	$10,359 (+123.3%)	0.3%	$92.47	+30.7%	COM	375558103
KMB	KIMBERLY-CLARK CORP	66,700 (+617.2%)	$6,729 (+481.9%)	0.2%	$111.37	-2.7%	COM	494368103
BIP	BROOKFIELD INFRAST PARTNERS	2,395,384 (+1.3%)	$83,261 (+6.8%)	2.4%	$33.55	—	LP INT UNIT	G16252101
WFG	WEST FRASER TIMBER CO LTD	94,850 (+820.9%)	$5,803 (+728.6%)	0.2%	$64.48	-2.9%	COM	952845105
PG	PROCTER AND GAMBLE CO	124,200 (+50.0%)	$17,799 (+39.9%)	0.5%	$122.57	+20.1%	COM	742718109
JPM	JPMORGAN CHASE & CO.	52,700 (+30.8%)	$16,981 (+33.6%)	0.5%	$151.90	+103.8%	COM	46625H100
FCX	FREEPORT-MCMORAN INC	121,100 (+130.7%)	$6,151 (+198.7%)	0.2%	$43.26	+0.1%	CL B	35671D857
MEOH	METHANEX CORP	677,610 (+17.2%)	$26,875 (+16.9%)	0.8%	$41.78	-11.0%	COM	59151K108
APD	AIR PRODS & CHEMS INC	23,800 (+221.6%)	$5,879 (+191.3%)	0.2%	$249.46	+0.9%	COM	009158106
ETN	EATON CORP PLC	15,200 (+424.1%)	$4,841 (+346.1%)	0.1%	$345.54	+2.6%	SHS	G29183103
SOBO	SOUTH BOW CORP	964,360 (+19.6%)	$26,522 (+16.2%)	0.8%	$24.32	+11.7%	COM	83671M105
SII	SPROTT INC	78,800 (+62.1%)	$7,718 (+91.1%)	0.2%	$65.96	+34.4%	COM NEW	852066208
ORCL	ORACLE CORP	62,200 (+98.7%)	$12,123 (+37.7%)	0.3%	$231.68	+2.7%	COM	68389X105
BMY	BRISTOL-MYERS SQUIBB CO	106,100 (+88.8%)	$5,723 (+125.8%)	0.2%	$44.98	+5.7%	COM	110122108
HD	HOME DEPOT INC	57,800 (+35.4%)	$19,889 (+15.0%)	0.6%	$304.22	+19.8%	COM	437076102
NEE	NEXTERA ENERGY INC	135,200 (+21.0%)	$10,854 (+28.7%)	0.3%	$69.59	+18.5%	COM	65339F101
WM	WASTE MGMT INC DEL	28,600 (+62.5%)	$6,284 (+61.7%)	0.2%	$212.36	+0.1%	COM	94106L109
TMUS	T-MOBILE US INC	60,600 (+46.0%)	$12,304 (+23.9%)	0.4%	$212.63	-0.6%	COM	872590104
IRM	IRON MTN INC DEL	71,600 (+103.4%)	$5,939 (+65.5%)	0.2%	$93.73	-1.0%	COM	46284V101
OKE	ONEOK INC NEW	80,500 (+56.3%)	$5,917 (+57.4%)	0.2%	$76.00	-7.3%	COM	682680103
SKE	SKEENA RES LTD NEW	157,200 (+81.3%)	$3,734 (+133.8%)	0.1%	$17.87	+10.4%	COM	83056P715
TFPM	TRIPLE FLAG PRECIOUS METAL	108,000 (+107.7%)	$3,589 (+135.7%)	0.1%	$23.95	+30.6%	COM	89679M104
AMZN	AMAZON COM INC	43,330 (+19.2%)	$10,001 (+25.3%)	0.3%	$160.44	+42.6%	COM	023135106
BAC	BANK AMERICA CORP	265,400 (+7.9%)	$14,597 (+15.1%)	0.4%	$35.24	+49.5%	COM	060505104
CAE	CAE INC	1,202,355 (+2.7%)	$36,563 (+5.4%)	1.1%	$24.23	+15.7%	COM	124765108
CVX	CHEVRON CORP NEW	97,062 (+16.7%)	$14,793 (+14.5%)	0.4%	$146.18	+3.6%	COM	166764100
EQIX	EQUINIX INC	9,300 (+38.8%)	$7,125 (+35.8%)	0.2%	$769.47	+1.5%	COM	29444U700
BIPC	BROOKFIELD INFRASTRUCTURE CO	46,400 (+527.0%)	$2,106 (+593.0%)	0.1%	$44.24	+1.8%	COM SUB VTG A	11276H106
XOM	EXXON MOBIL CORP	50,100 (+21.0%)	$6,029 (+29.2%)	0.2%	$95.64	+20.7%	COM	30231G102
NOA	NORTH AMERN CONSTR GROUP LTD	117,000 (+368.0%)	$1,684 (+374.2%)	0.0%	$15.37	-7.4%	COM	656811106
MSFT	MICROSOFT CORP	64,900 (+2.9%)	$31,387 (-4.0%)	0.9%	$340.72	+46.9%	COM	594918104
PLD	PROLOGIS INC.	21,700 (+64.4%)	$2,770 (+83.3%)	0.1%	$116.19	+6.6%	COM	74340W103
AZO	AUTOZONE INC	400 (+700.0%)	$1,357 (+532.4%)	0.0%	$3807.08	-0.8%	COM	053332102
HON	HONEYWELL INTL INC	34,000 (+28.8%)	$6,633 (+19.4%)	0.2%	$189.52	+2.9%	COM	438516106
MDLZ	MONDELEZ INTL INC	188,800 (+28.5%)	$10,163 (+10.7%)	0.3%	$59.59	-4.2%	CL A	609207105
PBA	PEMBINA PIPELINE CORP	2,170,014 (+4.9%)	$82,668 (-1.2%)	2.4%	$33.43	+15.1%	COM	706327103
CCI	CROWN CASTLE INC	89,400 (+23.3%)	$7,945 (+13.6%)	0.2%	$100.72	-9.6%	COM	22822V101
UUUU	ENERGY FUELS INC	147,400 (+90.9%)	$2,135 (+80.1%)	0.1%	$13.64	+24.4%	COM NEW	292671708
AMH	AMERICAN HOMES 4 RENT	125,910 (+34.4%)	$4,042 (+29.7%)	0.1%	$32.96	—	CL A	02665T306
WY	WEYERHAEUSER CO MTN BE	180,000 (+31.0%)	$4,264 (+25.2%)	0.1%	$24.67	-6.8%	COM NEW	962166104
PANW	PALO ALTO NETWORKS INC	5,700 (+470.0%)	$1,050 (+415.6%)	0.0%	$199.94	+0.9%	COM	697435105
REGN	REGENERON PHARMACEUTICALS	3,040 (+9.7%)	$2,346 (+50.7%)	0.1%	$625.94	+8.4%	COM	75886F107
COST	COSTCO WHSL CORP NEW	1,550 (+154.1%)	$1,337 (+136.7%)	0.0%	$910.66	-0.5%	COM	22160K105
MKC	MCCORMICK & CO INC	74,900 (+13.8%)	$5,101 (+15.9%)	0.1%	$72.50	-9.1%	COM NON VTG	579780206
EIX	EDISON INTL	92,200 (+5.0%)	$5,534 (+14.0%)	0.2%	$74.08	-22.6%	COM	281020107
TXN	TEXAS INSTRS INC	76,300 (+11.4%)	$13,237 (+5.2%)	0.4%	$160.88	+6.1%	COM	882508104
CTRA	COTERRA ENERGY INC	173,500 (+3.2%)	$4,567 (+14.8%)	0.1%	$25.65	-2.1%	COM	127097103
V	VISA INC	7,700 (+24.2%)	$2,700 (+27.6%)	0.1%	$316.77	+7.5%	COM CL A	92826C839
NKE	NIKE INC	96,500 (+20.8%)	$6,148 (+10.3%)	0.2%	$74.02	-12.3%	CL B	654106103
BN	BROOKFIELD CORP	311,305 (+55.6%)	$14,293 (+4.1%)	0.4%	$33.71	+35.1%	CL A LTD VT SH	11271J107
SANG	SANGOMA TECHNOLOGIES CORP	652,325 (+17.9%)	$3,274 (+19.2%)	0.1%	$5.54	-8.1%	COM NEW	80100R408
DHR	DANAHER CORPORATION	7,800 (+16.4%)	$1,786 (+34.4%)	0.1%	$201.36	+9.0%	COM	235851102
UNP	UNION PAC CORP	54,400 (+5.8%)	$12,584 (+3.6%)	0.4%	$217.30	+4.6%	COM	907818108
VICI	VICI PPTYS INC	89,500 (+39.2%)	$2,517 (+20.0%)	0.1%	$27.19	+7.8%	COM	925652109
AVB	AVALONBAY CMNTYS INC	17,300 (+22.7%)	$3,137 (+15.2%)	0.1%	$189.00	-4.9%	COM	053484101
APP	APPLOVIN CORP	2,500 (+38.9%)	$1,685 (+30.3%)	0.0%	$508.45	+23.9%	COM CL A	03831W108
LSPD	LIGHTSPEED COMMERCE INC	379,000 (+4.2%)	$4,573 (+8.9%)	0.1%	$15.49	—	SUB VTG SHS	53229C107
NFLX	NETFLIX INC	12,900 (+1742.9%)	$1,210 (+44.1%)	0.0%	$105.75	+2.0%	COM	64110L106
AMT	AMERICAN TOWER CORP NEW	21,200 (+21.1%)	$3,722 (+10.6%)	0.1%	$193.80	-7.0%	COM	03027X100
FRT	FEDERAL RLTY INVT TR NEW	63,100 (+6.4%)	$6,360 (+5.9%)	0.2%	$92.92	+4.8%	SH BEN INT NEW	313745101
BLK	BLACKROCK INC	8,400 (+12.0%)	$8,991 (+2.8%)	0.3%	$1001.59	+8.8%	COM	09290D101
NTAP	NETAPP INC	29,000 (+2.5%)	$3,106 (-7.4%)	0.1%	$116.14	-2.2%	COM	64110D104
DOC	HEALTHPEAK PROPERTIES INC	239,100 (+27.0%)	$3,845 (+6.7%)	0.1%	$21.18	-17.6%	COM	42250P103
SJM	SMUCKER J M CO	31,300 (+4.0%)	$3,061 (-6.3%)	0.1%	$106.66	-3.6%	COM NEW	832696405
ADP	AUTOMATIC DATA PROCESSING IN	7,800 (+4.0%)	$2,006 (-8.9%)	0.1%	$300.86	-12.0%	COM	053015103
BSX	BOSTON SCIENTIFIC CORP	15,300 (+15.9%)	$1,459 (+13.2%)	0.0%	$80.35	+22.0%	COM	101137107
SO	SOUTHERN CO	32,100 (+2.9%)	$2,799 (-5.3%)	0.1%	$57.31	+58.6%	COM	842587107
BKR	BAKER HUGHES COMPANY	113,400 (+10.2%)	$5,164 (+3.0%)	0.1%	$38.20	+23.9%	CL A	05722G100
CIGI	COLLIERS INTL GROUP INC	80,950 (+7.7%)	$11,898 (+1.2%)	0.3%	$128.38	+16.9%	SUB VTG SHS	194693107
CEG	CONSTELLATION ENERGY CORP	1,302 (+18.1%)	$460 (+26.8%)	0.0%	$302.65	+20.0%	COM	21037T109
NOW	SERVICENOW INC	12,265 (+516.3%)	$1,879 (+2.6%)	0.1%	$162.00	+5.9%	COM	81762P102
O	REALTY INCOME CORP	54,300 (+9.3%)	$3,061 (+1.3%)	0.1%	$50.39	+13.8%	COM	756109104
CARR	CARRIER GLOBAL CORPORATION	8,500 (+19.7%)	$449 (+6.0%)	0.0%	$65.64	-15.4%	COM	14448C104
SRE	SEMPRA	69,000 (+2.1%)	$6,092 (+0.2%)	0.2%	$68.10	+33.0%	COM	816851109

Exited Positions (24)

AGI ALAMOS GOLD INC NEW 0.7%

Value ($000) $22,928 Shares 657,696 Est. Cost $15.52 Unrealized +124.5%

TFII TFI INTL INC 0.2%

Value ($000) $6,795 Shares 77,203 Est. Cost $111.81 Unrealized -16.8%

DD DUPONT DE NEMOURS INC 0.2%

Value ($000) $5,570 Shares 71,500 Est. Cost $31.29 Unrealized +19.5%

KEY KEYCORP 0.1%

Value ($000) $5,121 Shares 274,000 Est. Cost $10.15 Unrealized +82.1%

TFC TRUIST FINL CORP 0.1%

Value ($000) $4,503 Shares 98,500 Est. Cost $36.28 Unrealized +26.2%

OR OR ROYALTIES INC. 0.1%

Value ($000) $3,451 Shares 86,100 Est. Cost $24.09 Unrealized +45.4%

MCHP MICROCHIP TECHNOLOGY INC. 0.1%

Value ($000) $2,826 Shares 44,000 Est. Cost $82.79 Unrealized -25.9%

STZ CONSTELLATION BRANDS INC 0.1%

Value ($000) $2,060 Shares 15,300 Est. Cost $227.43 Unrealized -39.8%

DCBO DOCEBO INC 0.1%

Value ($000) $1,757 Shares 64,400 Est. Cost $39.94 Unrealized -40.2%

ROST ROSS STORES INC 0.0%

Value ($000) $1,432 Shares 9,400 Est. Cost $140.90 Unrealized +18.2%

APH AMPHENOL CORP NEW 0.0%

Value ($000) $1,372 Shares 11,090 Est. Cost $109.40 Unrealized +22.1%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $1,328 Shares 7,280 Est. Cost $162.07 Unrealized +11.7%

FSLR FIRST SOLAR INC 0.0%

Value ($000) $1,275 Shares 5,780 Est. Cost $191.94 Unrealized +31.4%

LOW LOWES COS INC 0.0%

Value ($000) $1,181 Shares 4,700 Est. Cost $229.70 Unrealized +4.4%

SYF SYNCHRONY FINANCIAL 0.0%

Value ($000) $1,165 Shares 16,400 Est. Cost $72.04 Unrealized +5.9%

CCL CARNIVAL CORP 0.0%

Value ($000) $1,150 Shares 39,780 Est. Cost $30.20 Unrealized -7.7%

GIB CGI INC 0.0%

Value ($000) $1,042 Shares 11,700 Est. Cost $104.80 Unrealized -15.1%

BEPC BROOKFIELD RENEWABLE CORP 0.0%

Value ($000) $909 Shares 26,400 Est. Cost $28.85 Unrealized +38.6%

CMA COMERICA INC 0.0%

Value ($000) $829 Shares 12,100 Est. Cost $60.33 Unrealized +32.6%

BITF BITFARMS LTD 0.0%

Value ($000) $768 Shares 272,100 Est. Cost $1.55 Unrealized +120.7%

VZLA VIZSLA SILVER CORP 0.0%

Value ($000) $690 Shares 159,700 Est. Cost $3.47 Unrealized +35.4%

IQV IQVIA HLDGS INC 0.0%

Value ($000) $418 Shares 2,200 Est. Cost $220.86 Unrealized -1.5%

INTU INTUIT 0.0%

Value ($000) $273 Shares 400 Est. Cost $597.47 Unrealized +10.6%

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value ($000) $209 Shares 430 Est. Cost $507.70 Unrealized +11.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGI	ALAMOS GOLD INC NEW	657,696	$22,928	0.7%	$15.52	+124.5%	—	011532108
TFII	TFI INTL INC	77,203	$6,795	0.2%	$111.81	-16.8%	—	87241L109
DD	DUPONT DE NEMOURS INC	71,500	$5,570	0.2%	$31.29	+19.5%	—	26614N102
KEY	KEYCORP	274,000	$5,121	0.1%	$10.15	+82.1%	—	493267108
TFC	TRUIST FINL CORP	98,500	$4,503	0.1%	$36.28	+26.2%	—	89832Q109
OR	OR ROYALTIES INC.	86,100	$3,451	0.1%	$24.09	+45.4%	—	68390D106
MCHP	MICROCHIP TECHNOLOGY INC.	44,000	$2,826	0.1%	$82.79	-25.9%	—	595017104
STZ	CONSTELLATION BRANDS INC	15,300	$2,060	0.1%	$227.43	-39.8%	—	21036P108
DCBO	DOCEBO INC	64,400	$1,757	0.1%	$39.94	-40.2%	—	25609L105
ROST	ROSS STORES INC	9,400	$1,432	0.0%	$140.90	+18.2%	—	778296103
APH	AMPHENOL CORP NEW	11,090	$1,372	0.0%	$109.40	+22.1%	—	032095101
PLTR	PALANTIR TECHNOLOGIES INC	7,280	$1,328	0.0%	$162.07	+11.7%	—	69608A108
FSLR	FIRST SOLAR INC	5,780	$1,275	0.0%	$191.94	+31.4%	—	336433107
LOW	LOWES COS INC	4,700	$1,181	0.0%	$229.70	+4.4%	—	548661107
SYF	SYNCHRONY FINANCIAL	16,400	$1,165	0.0%	$72.04	+5.9%	—	87165B103
CCL	CARNIVAL CORP	39,780	$1,150	0.0%	$30.20	-7.7%	—	143658300
GIB	CGI INC	11,700	$1,042	0.0%	$104.80	-15.1%	—	12532H104
BEPC	BROOKFIELD RENEWABLE CORP	26,400	$909	0.0%	$28.85	+38.6%	—	11285B108
CMA	COMERICA INC	12,100	$829	0.0%	$60.33	+32.6%	—	200340107
BITF	BITFARMS LTD	272,100	$768	0.0%	$1.55	+120.7%	—	09173B107
VZLA	VIZSLA SILVER CORP	159,700	$690	0.0%	$3.47	+35.4%	—	92859G608
IQV	IQVIA HLDGS INC	2,200	$418	0.0%	$220.86	-1.5%	—	46266C105
INTU	INTUIT	400	$273	0.0%	$597.47	+10.6%	—	461202103
TMO	THERMO FISHER SCIENTIFIC INC	430	$209	0.0%	$507.70	+11.3%	—	883556102

Decreased Positions (100)

BNS BANK NOVA SCOTIA HALIFAX 0.9%

Value ($000) $31,983 (-70.0%) Shares 433,662 (-73.7%) Est. Cost $48.78 Unrealized +39.3%

RCI ROGERS COMMUNICATIONS INC 2.4%

Value ($000) $84,151 (-24.7%) Shares 2,229,401 (-31.3%) Est. Cost $36.41 Unrealized +2.9%

CNQ CANADIAN NAT RES LTD 0.9%

Value ($000) $31,350 (-42.9%) Shares 925,590 (-46.1%) Est. Cost $28.40 Unrealized +14.2%

OTEX OPEN TEXT CORP 0.7%

Value ($000) $23,732 (-46.0%) Shares 728,740 (-38.0%) Est. Cost $31.26 Unrealized +13.3%

SHOP SHOPIFY INC 1.2%

Value ($000) $42,789 (-25.7%) Shares 265,754 (-31.5%) Est. Cost $72.80 Unrealized +120.5%

QSR RESTAURANT BRANDS INTL INC 1.0%

Value ($000) $34,408 (-29.4%) Shares 504,261 (-33.6%) Est. Cost $66.62 Unrealized +3.4%

WCN WASTE CONNECTIONS INC 0.2%

Value ($000) $6,902 (-67.0%) Shares 39,357 (-66.9%) Est. Cost $177.55 Unrealized -2.7%

EMA EMERA INC 1.2%

Value ($000) $43,163 (-21.9%) Shares 875,905 (-24.0%) Est. Cost $43.35 Unrealized +11.4%

RY ROYAL BK CDA 3.8%

Value ($000) $131,649 (+8.7%) Shares 772,259 (-6.0%) Est. Cost $113.06 Unrealized +35.8%

B BARRICK MNG CORP 2.6%

Value ($000) $89,224 (+10.5%) Shares 2,048,320 (-16.7%) Est. Cost $19.88 Unrealized +88.3%

CP CANADIAN PACIFIC KANSAS CITY 0.1%

Value ($000) $3,244 (-71.7%) Shares 44,059 (-71.4%) Est. Cost $76.48 Unrealized -3.8%

AVGO BROADCOM INC 0.7%

Value ($000) $22,635 (-26.4%) Shares 65,400 (-29.8%) Est. Cost $183.33 Unrealized +94.7%

RTX RTX CORPORATION 0.1%

Value ($000) $4,071 (-66.0%) Shares 22,200 (-69.0%) Est. Cost $68.93 Unrealized +151.5%

MCD MCDONALDS CORP 0.2%

Value ($000) $5,917 (-53.6%) Shares 19,361 (-53.9%) Est. Cost $226.89 Unrealized +34.5%

GOOGL ALPHABET INC 0.6%

Value ($000) $22,254 (-20.3%) Shares 71,100 (-38.1%) Est. Cost $163.04 Unrealized +75.2%

PEP PEPSICO INC 0.3%

Value ($000) $8,812 (-38.6%) Shares 61,400 (-39.9%) Est. Cost $146.95 Unrealized -0.7%

MU MICRON TECHNOLOGY INC 0.1%

Value ($000) $2,768 (-65.5%) Shares 9,700 (-79.7%) Est. Cost $97.57 Unrealized +135.1%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $1,928 (-73.1%) Shares 24,400 (-72.7%) Est. Cost $91.84 Unrealized -14.7%

CVE CENOVUS ENERGY INC 1.6%

Value ($000) $56,952 (-8.3%) Shares 3,366,588 (-7.9%) Est. Cost $14.63 Unrealized +18.7%

TRP TC ENERGY CORP 0.8%

Value ($000) $26,282 (-16.2%) Shares 477,305 (-17.3%) Est. Cost $44.06 Unrealized +21.1%

NVDA NVIDIA CORPORATION 0.4%

Value ($000) $15,442 (-22.3%) Shares 82,800 (-22.2%) Est. Cost $114.84 Unrealized +62.1%

ABBV ABBVIE INC 0.6%

Value ($000) $20,059 (-17.6%) Shares 87,790 (-16.5%) Est. Cost $129.91 Unrealized +75.2%

NEM NEWMONT CORP 0.0%

Value ($000) $140 (-96.7%) Shares 1,400 (-97.2%) Est. Cost $63.00 Unrealized +43.2%

EMR EMERSON ELEC CO 0.0%

Value ($000) $730 (-84.9%) Shares 5,500 (-85.1%) Est. Cost $67.35 Unrealized +96.5%

C CITIGROUP INC 0.0%

Value ($000) $1,529 (-70.9%) Shares 13,100 (-74.7%) Est. Cost $56.06 Unrealized +84.9%

META META PLATFORMS INC 0.5%

Value ($000) $17,162 (-17.7%) Shares 26,000 (-8.5%) Est. Cost $562.78 Unrealized +18.6%

KGC KINROSS GOLD CORP 0.2%

Value ($000) $8,125 (-30.6%) Shares 288,460 (-38.9%) Est. Cost $10.57 Unrealized +145.8%

VZ VERIZON COMMUNICATIONS INC 0.4%

Value ($000) $14,019 (-20.2%) Shares 344,200 (-13.8%) Est. Cost $36.62 Unrealized +10.5%

PRMB PRIMO BRANDS CORPORATION 0.1%

Value ($000) $4,759 (-42.0%) Shares 291,060 (-21.6%) Est. Cost $31.19 Unrealized -40.8%

IAG IAMGOLD CORP 0.5%

Value ($000) $17,701 (-15.0%) Shares 1,072,681 (-33.4%) Est. Cost $4.64 Unrealized +203.4%

DNN DENISON MINES CORP 0.1%

Value ($000) $3,462 (-44.4%) Shares 1,305,600 (-42.3%) Est. Cost $1.53 Unrealized +78.4%

TRI THOMSON REUTERS CORP 0.0%

Value ($000) $831 (-76.1%) Shares 6,300 (-71.9%) Est. Cost $181.15 Unrealized -22.1%

AAPL APPLE INC 0.6%

Value ($000) $19,764 (-11.8%) Shares 72,700 (-17.4%) Est. Cost $180.49 Unrealized +48.7%

TAC TRANSALTA CORP 0.2%

Value ($000) $5,423 (-31.5%) Shares 428,800 (-26.1%) Est. Cost $8.98 Unrealized +66.2%

MRK MERCK & CO INC 0.6%

Value ($000) $19,273 (+14.4%) Shares 183,100 (-8.8%) Est. Cost $79.53 Unrealized +17.2%

TECK TECK RESOURCES LTD 0.0%

Value ($000) $661 (-78.1%) Shares 13,800 (-80.0%) Est. Cost $39.81 Unrealized +8.8%

UHS UNIVERSAL HLTH SVCS INC 0.0%

Value ($000) $240 (-89.8%) Shares 1,100 (-90.4%) Est. Cost $182.11 Unrealized +21.3%

T AT&T INC 0.3%

Value ($000) $10,492 (-16.1%) Shares 422,400 (-4.7%) Est. Cost $15.16 Unrealized +66.8%

WAB WABTEC 0.0%

Value ($000) $1,644 (-54.4%) Shares 7,700 (-57.2%) Est. Cost $194.66 Unrealized +5.5%

EXK ENDEAVOUR SILVER CORP 0.1%

Value ($000) $3,498 (-33.3%) Shares 371,900 (-44.4%) Est. Cost $4.11 Unrealized +106.5%

TER TERADYNE INC 0.1%

Value ($000) $3,232 (-34.8%) Shares 16,700 (-53.6%) Est. Cost $87.37 Unrealized +96.3%

PFE PFIZER INC 0.4%

Value ($000) $15,403 (-10.0%) Shares 618,600 (-7.9%) Est. Cost $26.04 Unrealized -3.8%

MO ALTRIA GROUP INC 0.2%

Value ($000) $7,940 (-17.7%) Shares 137,700 (-5.7%) Est. Cost $40.33 Unrealized +47.2%

CSCO CISCO SYS INC 0.5%

Value ($000) $15,791 (-8.6%) Shares 205,000 (-18.8%) Est. Cost $39.63 Unrealized +86.2%

WFC WELLS FARGO CO NEW 0.1%

Value ($000) $3,178 (-31.4%) Shares 34,100 (-38.3%) Est. Cost $44.02 Unrealized +96.8%

QCOM QUALCOMM INC 0.1%

Value ($000) $2,874 (-32.8%) Shares 16,800 (-34.6%) Est. Cost $107.91 Unrealized +58.3%

MS MORGAN STANLEY 0.3%

Value ($000) $10,386 (-11.6%) Shares 58,500 (-20.8%) Est. Cost $78.73 Unrealized +111.4%

AMGN AMGEN INC 0.1%

Value ($000) $5,008 (-20.8%) Shares 15,300 (-31.7%) Est. Cost $254.46 Unrealized +24.2%

USAS AMERICAS GOLD AND SILVER COR 0.2%

Value ($000) $5,306 (+32.4%) Shares 1,034,540 (-3.7%) Est. Cost $2.61 Unrealized +72.1%

KO COCA COLA CO 0.4%

Value ($000) $15,101 (-7.9%) Shares 216,000 (-12.6%) Est. Cost $51.57 Unrealized +34.6%

USB US BANCORP DEL 0.3%

Value ($000) $9,279 (-12.1%) Shares 173,900 (-20.4%) Est. Cost $40.32 Unrealized +20.8%

XEL XCEL ENERGY INC 0.2%

Value ($000) $5,495 (-18.0%) Shares 74,400 (-10.5%) Est. Cost $56.98 Unrealized +37.4%

PM PHILIP MORRIS INTL INC 0.6%

Value ($000) $22,151 (-5.1%) Shares 138,100 (-4.0%) Est. Cost $98.08 Unrealized +56.6%

GIL GILDAN ACTIVEWEAR INC 2.0%

Value ($000) $67,848 (+1.8%) Shares 1,085,535 (-5.9%) Est. Cost $37.76 Unrealized +57.4%

GEV GE VERNOVA INC 0.0%

Value ($000) $75 (-93.9%) Shares 115 (-94.3%) Est. Cost $592.13 Unrealized +2.9%

TGB TASEKO MINES LTD 0.2%

Value ($000) $5,550 (+26.4%) Shares 980,400 (-5.3%) Est. Cost $2.46 Unrealized +91.0%

EFXT ENERFLEX LTD 0.2%

Value ($000) $6,177 (+22.2%) Shares 400,700 (-14.5%) Est. Cost $9.28 Unrealized +43.2%

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $637 (-62.8%) Shares 7,800 (-55.4%) Est. Cost $78.54 Unrealized +14.6%

IBM INTERNATIONAL BUSINESS MACHS 0.2%

Value ($000) $6,991 (-12.8%) Shares 23,600 (-16.9%) Est. Cost $111.21 Unrealized +168.7%

J JACOBS SOLUTIONS INC 0.0%

Value ($000) $79 (-92.0%) Shares 600 (-90.9%) Est. Cost $115.53 Unrealized +26.7%

VTR VENTAS INC 0.1%

Value ($000) $2,855 (-23.5%) Shares 36,900 (-30.8%) Est. Cost $45.76 Unrealized +63.9%

NTR NUTRIEN LTD 1.9%

Value ($000) $65,210 (-1.3%) Shares 1,056,505 (-6.1%) Est. Cost $47.99 Unrealized +22.6%

BMO BANK MONTREAL QUE 0.8%

Value ($000) $27,573 (-2.6%) Shares 212,320 (-2.3%) Est. Cost $83.42 Unrealized +51.8%

JNJ JOHNSON & JOHNSON 0.3%

Value ($000) $11,326 (+6.9%) Shares 54,729 (-4.2%) Est. Cost $126.58 Unrealized +55.6%

UPS UNITED PARCEL SERVICE INC 0.2%

Value ($000) $6,646 (+11.6%) Shares 67,000 (-6.0%) Est. Cost $115.42 Unrealized -19.6%

LLY ELI LILLY & CO 0.1%

Value ($000) $3,256 (+22.3%) Shares 3,030 (-13.2%) Est. Cost $630.29 Unrealized +51.6%

GLW CORNING INC 0.1%

Value ($000) $4,571 (-11.3%) Shares 52,200 (-16.9%) Est. Cost $31.66 Unrealized +171.6%

EMN EASTMAN CHEM CO 0.1%

Value ($000) $4,519 (-11.1%) Shares 70,800 (-12.2%) Est. Cost $78.83 Unrealized -22.6%

FITB FIFTH THIRD BANCORP 0.1%

Value ($000) $4,779 (-10.2%) Shares 102,100 (-14.5%) Est. Cost $40.31 Unrealized +8.3%

DELL DELL TECHNOLOGIES INC 0.0%

Value ($000) $1,322 (-27.2%) Shares 10,500 (-18.0%) Est. Cost $104.34 Unrealized +34.9%

COP CONOCOPHILLIPS 0.2%

Value ($000) $8,256 (-5.5%) Shares 88,200 (-4.5%) Est. Cost $99.84 Unrealized -9.8%

WMT WALMART INC 0.0%

Value ($000) $379 (-55.7%) Shares 3,400 (-59.0%) Est. Cost $65.88 Unrealized +62.7%

MA MASTERCARD INCORPORATED 0.0%

Value ($000) $799 (-37.2%) Shares 1,400 (-37.4%) Est. Cost $546.86 Unrealized +2.2%

AMAT APPLIED MATLS INC 0.2%

Value ($000) $5,243 (+9.9%) Shares 20,400 (-12.4%) Est. Cost $177.78 Unrealized +34.7%

DXCM DEXCOM INC 0.1%

Value ($000) $1,812 (-20.5%) Shares 27,300 (-19.4%) Est. Cost $80.05 Unrealized -19.2%

ORLA ORLA MNG LTD NEW 0.2%

Value ($000) $6,321 (+7.7%) Shares 470,029 (-13.6%) Est. Cost $5.32 Unrealized +128.0%

HPE HEWLETT PACKARD ENTERPRISE C 0.1%

Value ($000) $3,819 (-9.3%) Shares 159,000 (-7.3%) Est. Cost $21.88 Unrealized +7.1%

GOOG ALPHABET INC 0.1%

Value ($000) $2,573 (+17.4%) Shares 8,200 (-8.9%) Est. Cost $132.47 Unrealized +116.2%

EXR EXTRA SPACE STORAGE INC 0.0%

Value ($000) $1,550 (-19.2%) Shares 11,900 (-12.5%) Est. Cost $133.87 Unrealized +0.9%

EXC EXELON CORP 0.1%

Value ($000) $4,821 (-7.0%) Shares 110,600 (-4.0%) Est. Cost $27.92 Unrealized +62.8%

ADBE ADOBE INC 0.0%

Value ($000) $1,018 (-24.2%) Shares 2,910 (-23.6%) Est. Cost $404.98 Unrealized -16.0%

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value ($000) $1,181 (-20.7%) Shares 3,370 (-26.9%) Est. Cost $420.81 Unrealized -20.0%

GMED GLOBUS MED INC 0.0%

Value ($000) $1,100 (+38.2%) Shares 12,600 (-9.4%) Est. Cost $68.75 Unrealized +10.4%

CVS CVS HEALTH CORP 0.4%

Value ($000) $13,118 (-2.1%) Shares 165,300 (-7.0%) Est. Cost $56.23 Unrealized +39.9%

AES AES CORP 0.1%

Value ($000) $2,793 (-9.2%) Shares 194,800 (-16.7%) Est. Cost $17.53 Unrealized -19.9%

CMCSA COMCAST CORP NEW 0.1%

Value ($000) $3,255 (-7.3%) Shares 108,900 (-2.5%) Est. Cost $37.15 Unrealized -23.2%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $2,414 (-9.0%) Shares 8,900 (-17.6%) Est. Cost $215.42 Unrealized +16.3%

SNPS SYNOPSYS INC 0.0%

Value ($000) $1,174 (-15.0%) Shares 2,500 (-10.7%) Est. Cost $408.95 Unrealized +8.6%

RF REGIONS FINANCIAL CORP NEW 0.1%

Value ($000) $3,325 (-5.2%) Shares 122,700 (-7.7%) Est. Cost $20.58 Unrealized +23.3%

TSLA TESLA INC 0.1%

Value ($000) $2,249 (-6.4%) Shares 5,000 (-7.4%) Est. Cost $259.97 Unrealized +70.5%

MET METLIFE INC 0.0%

Value ($000) $995 (-11.9%) Shares 12,600 (-8.0%) Est. Cost $69.61 Unrealized +13.4%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $7,003 (-1.7%) Shares 26,100 (-9.7%) Est. Cost $346.57 Unrealized -26.7%

GM GENERAL MTRS CO 0.1%

Value ($000) $3,464 (-1.9%) Shares 42,600 (-26.4%) Est. Cost $48.81 Unrealized +44.2%

SBAC SBA COMMUNICATIONS CORP NEW 0.0%

Value ($000) $832 (-4.4%) Shares 4,300 (-4.4%) Est. Cost $200.84 Unrealized -4.1%

BHC BAUSCH HEALTH COS INC 0.0%

Value ($000) $698 (-4.6%) Shares 100,500 (-11.5%) Est. Cost $7.05 Unrealized -6.7%

APO APOLLO GLOBAL MGMT INC 0.0%

Value ($000) $1,115 (-2.7%) Shares 7,700 (-10.5%) Est. Cost $135.18 Unrealized -1.9%

TPR TAPESTRY INC 0.1%

Value ($000) $2,147 (-1.3%) Shares 16,800 (-12.5%) Est. Cost $74.95 Unrealized +52.1%

FTS FORTIS INC 1.4%

Value ($000) $47,920 (-0.0%) Shares 921,744 (-2.5%) Est. Cost $44.46 Unrealized +14.3%

CAH CARDINAL HEALTH INC 0.0%

Value ($000) $843 (+1.3%) Shares 4,100 (-22.6%) Est. Cost $153.09 Unrealized +22.6%

AQN ALGONQUIN PWR UTILS CORP 0.7%

Value ($000) $25,005 (-0.0%) Shares 4,066,619 (-12.6%) Est. Cost $8.50 Unrealized -30.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BNS	BANK NOVA SCOTIA HALIFAX	433,662 (-73.7%)	$31,983 (-70.0%)	0.9%	$48.78	+39.3%	COM	064149107
RCI	ROGERS COMMUNICATIONS INC	2,229,401 (-31.3%)	$84,151 (-24.7%)	2.4%	$36.41	+2.9%	CL B	775109200
CNQ	CANADIAN NAT RES LTD	925,590 (-46.1%)	$31,350 (-42.9%)	0.9%	$28.40	+14.2%	COM	136385101
OTEX	OPEN TEXT CORP	728,740 (-38.0%)	$23,732 (-46.0%)	0.7%	$31.26	+13.3%	COM	683715106
SHOP	SHOPIFY INC	265,754 (-31.5%)	$42,789 (-25.7%)	1.2%	$72.80	+120.5%	CL A SUB VTG SHS	82509L107
QSR	RESTAURANT BRANDS INTL INC	504,261 (-33.6%)	$34,408 (-29.4%)	1.0%	$66.62	+3.4%	COM	76131D103
WCN	WASTE CONNECTIONS INC	39,357 (-66.9%)	$6,902 (-67.0%)	0.2%	$177.55	-2.7%	COM	94106B101
EMA	EMERA INC	875,905 (-24.0%)	$43,163 (-21.9%)	1.2%	$43.35	+11.4%	COM	290876101
RY	ROYAL BK CDA	772,259 (-6.0%)	$131,649 (+8.7%)	3.8%	$113.06	+35.8%	COM	780087102
B	BARRICK MNG CORP	2,048,320 (-16.7%)	$89,224 (+10.5%)	2.6%	$19.88	+88.3%	COM SHS	06849F108
CP	CANADIAN PACIFIC KANSAS CITY	44,059 (-71.4%)	$3,244 (-71.7%)	0.1%	$76.48	-3.8%	COM	13646K108
AVGO	BROADCOM INC	65,400 (-29.8%)	$22,635 (-26.4%)	0.7%	$183.33	+94.7%	COM	11135F101
RTX	RTX CORPORATION	22,200 (-69.0%)	$4,071 (-66.0%)	0.1%	$68.93	+151.5%	COM	75513E101
MCD	MCDONALDS CORP	19,361 (-53.9%)	$5,917 (-53.6%)	0.2%	$226.89	+34.5%	COM	580135101
GOOGL	ALPHABET INC	71,100 (-38.1%)	$22,254 (-20.3%)	0.6%	$163.04	+75.2%	CAP STK CL A	02079K305
PEP	PEPSICO INC	61,400 (-39.9%)	$8,812 (-38.6%)	0.3%	$146.95	-0.7%	COM	713448108
MU	MICRON TECHNOLOGY INC	9,700 (-79.7%)	$2,768 (-65.5%)	0.1%	$97.57	+135.1%	COM	595112103
CL	COLGATE PALMOLIVE CO	24,400 (-72.7%)	$1,928 (-73.1%)	0.1%	$91.84	-14.7%	COM	194162103
CVE	CENOVUS ENERGY INC	3,366,588 (-7.9%)	$56,952 (-8.3%)	1.6%	$14.63	+18.7%	COM	15135U109
TRP	TC ENERGY CORP	477,305 (-17.3%)	$26,282 (-16.2%)	0.8%	$44.06	+21.1%	COM	87807B107
NVDA	NVIDIA CORPORATION	82,800 (-22.2%)	$15,442 (-22.3%)	0.4%	$114.84	+62.1%	COM	67066G104
ABBV	ABBVIE INC	87,790 (-16.5%)	$20,059 (-17.6%)	0.6%	$129.91	+75.2%	COM	00287Y109
NEM	NEWMONT CORP	1,400 (-97.2%)	$140 (-96.7%)	0.0%	$63.00	+43.2%	COM	651639106
EMR	EMERSON ELEC CO	5,500 (-85.1%)	$730 (-84.9%)	0.0%	$67.35	+96.5%	COM	291011104
C	CITIGROUP INC	13,100 (-74.7%)	$1,529 (-70.9%)	0.0%	$56.06	+84.9%	COM NEW	172967424
META	META PLATFORMS INC	26,000 (-8.5%)	$17,162 (-17.7%)	0.5%	$562.78	+18.6%	CL A	30303M102
KGC	KINROSS GOLD CORP	288,460 (-38.9%)	$8,125 (-30.6%)	0.2%	$10.57	+145.8%	COM	496902404
VZ	VERIZON COMMUNICATIONS INC	344,200 (-13.8%)	$14,019 (-20.2%)	0.4%	$36.62	+10.5%	COM	92343V104
PRMB	PRIMO BRANDS CORPORATION	291,060 (-21.6%)	$4,759 (-42.0%)	0.1%	$31.19	-40.8%	CLASS A COM SHS	741623102
IAG	IAMGOLD CORP	1,072,681 (-33.4%)	$17,701 (-15.0%)	0.5%	$4.64	+203.4%	COM	450913108
DNN	DENISON MINES CORP	1,305,600 (-42.3%)	$3,462 (-44.4%)	0.1%	$1.53	+78.4%	COM	248356107
TRI	THOMSON REUTERS CORP	6,300 (-71.9%)	$831 (-76.1%)	0.0%	$181.15	-22.1%	COM	884903808
AAPL	APPLE INC	72,700 (-17.4%)	$19,764 (-11.8%)	0.6%	$180.49	+48.7%	COM	037833100
TAC	TRANSALTA CORP	428,800 (-26.1%)	$5,423 (-31.5%)	0.2%	$8.98	+66.2%	COM	89346D107
MRK	MERCK & CO INC	183,100 (-8.8%)	$19,273 (+14.4%)	0.6%	$79.53	+17.2%	COM	58933Y105
TECK	TECK RESOURCES LTD	13,800 (-80.0%)	$661 (-78.1%)	0.0%	$39.81	+8.8%	CL B	878742204
UHS	UNIVERSAL HLTH SVCS INC	1,100 (-90.4%)	$240 (-89.8%)	0.0%	$182.11	+21.3%	CL B	913903100
T	AT&T INC	422,400 (-4.7%)	$10,492 (-16.1%)	0.3%	$15.16	+66.8%	COM	00206R102
WAB	WABTEC	7,700 (-57.2%)	$1,644 (-54.4%)	0.0%	$194.66	+5.5%	COM	929740108
EXK	ENDEAVOUR SILVER CORP	371,900 (-44.4%)	$3,498 (-33.3%)	0.1%	$4.11	+106.5%	COM	29258Y103
TER	TERADYNE INC	16,700 (-53.6%)	$3,232 (-34.8%)	0.1%	$87.37	+96.3%	COM	880770102
PFE	PFIZER INC	618,600 (-7.9%)	$15,403 (-10.0%)	0.4%	$26.04	-3.8%	COM	717081103
MO	ALTRIA GROUP INC	137,700 (-5.7%)	$7,940 (-17.7%)	0.2%	$40.33	+47.2%	COM	02209S103
CSCO	CISCO SYS INC	205,000 (-18.8%)	$15,791 (-8.6%)	0.5%	$39.63	+86.2%	COM	17275R102
WFC	WELLS FARGO CO NEW	34,100 (-38.3%)	$3,178 (-31.4%)	0.1%	$44.02	+96.8%	COM	949746101
QCOM	QUALCOMM INC	16,800 (-34.6%)	$2,874 (-32.8%)	0.1%	$107.91	+58.3%	COM	747525103
MS	MORGAN STANLEY	58,500 (-20.8%)	$10,386 (-11.6%)	0.3%	$78.73	+111.4%	COM NEW	617446448
AMGN	AMGEN INC	15,300 (-31.7%)	$5,008 (-20.8%)	0.1%	$254.46	+24.2%	COM	031162100
USAS	AMERICAS GOLD AND SILVER COR	1,034,540 (-3.7%)	$5,306 (+32.4%)	0.2%	$2.61	+72.1%	COM NEW	03062D803
KO	COCA COLA CO	216,000 (-12.6%)	$15,101 (-7.9%)	0.4%	$51.57	+34.6%	COM	191216100
USB	US BANCORP DEL	173,900 (-20.4%)	$9,279 (-12.1%)	0.3%	$40.32	+20.8%	COM NEW	902973304
XEL	XCEL ENERGY INC	74,400 (-10.5%)	$5,495 (-18.0%)	0.2%	$56.98	+37.4%	COM	98389B100
PM	PHILIP MORRIS INTL INC	138,100 (-4.0%)	$22,151 (-5.1%)	0.6%	$98.08	+56.6%	COM	718172109
GIL	GILDAN ACTIVEWEAR INC	1,085,535 (-5.9%)	$67,848 (+1.8%)	2.0%	$37.76	+57.4%	COM	375916103
GEV	GE VERNOVA INC	115 (-94.3%)	$75 (-93.9%)	0.0%	$592.13	+2.9%	COM	36828A101
TGB	TASEKO MINES LTD	980,400 (-5.3%)	$5,550 (+26.4%)	0.2%	$2.46	+91.0%	COM	876511106
EFXT	ENERFLEX LTD	400,700 (-14.5%)	$6,177 (+22.2%)	0.2%	$9.28	+43.2%	COM	29269R105
UBER	UBER TECHNOLOGIES INC	7,800 (-55.4%)	$637 (-62.8%)	0.0%	$78.54	+14.6%	COM	90353T100
IBM	INTERNATIONAL BUSINESS MACHS	23,600 (-16.9%)	$6,991 (-12.8%)	0.2%	$111.21	+168.7%	COM	459200101
J	JACOBS SOLUTIONS INC	600 (-90.9%)	$79 (-92.0%)	0.0%	$115.53	+26.7%	COM	46982L108
VTR	VENTAS INC	36,900 (-30.8%)	$2,855 (-23.5%)	0.1%	$45.76	+63.9%	COM	92276F100
NTR	NUTRIEN LTD	1,056,505 (-6.1%)	$65,210 (-1.3%)	1.9%	$47.99	+22.6%	COM	67077M108
BMO	BANK MONTREAL QUE	212,320 (-2.3%)	$27,573 (-2.6%)	0.8%	$83.42	+51.8%	COM	063671101
JNJ	JOHNSON & JOHNSON	54,729 (-4.2%)	$11,326 (+6.9%)	0.3%	$126.58	+55.6%	COM	478160104
UPS	UNITED PARCEL SERVICE INC	67,000 (-6.0%)	$6,646 (+11.6%)	0.2%	$115.42	-19.6%	CL B	911312106
LLY	ELI LILLY & CO	3,030 (-13.2%)	$3,256 (+22.3%)	0.1%	$630.29	+51.6%	COM	532457108
GLW	CORNING INC	52,200 (-16.9%)	$4,571 (-11.3%)	0.1%	$31.66	+171.6%	COM	219350105
EMN	EASTMAN CHEM CO	70,800 (-12.2%)	$4,519 (-11.1%)	0.1%	$78.83	-22.6%	COM	277432100
FITB	FIFTH THIRD BANCORP	102,100 (-14.5%)	$4,779 (-10.2%)	0.1%	$40.31	+8.3%	COM	316773100
DELL	DELL TECHNOLOGIES INC	10,500 (-18.0%)	$1,322 (-27.2%)	0.0%	$104.34	+34.9%	CL C	24703L202
COP	CONOCOPHILLIPS	88,200 (-4.5%)	$8,256 (-5.5%)	0.2%	$99.84	-9.8%	COM	20825C104
WMT	WALMART INC	3,400 (-59.0%)	$379 (-55.7%)	0.0%	$65.88	+62.7%	COM	931142103
MA	MASTERCARD INCORPORATED	1,400 (-37.4%)	$799 (-37.2%)	0.0%	$546.86	+2.2%	CL A	57636Q104
AMAT	APPLIED MATLS INC	20,400 (-12.4%)	$5,243 (+9.9%)	0.2%	$177.78	+34.7%	COM	038222105
DXCM	DEXCOM INC	27,300 (-19.4%)	$1,812 (-20.5%)	0.1%	$80.05	-19.2%	COM	252131107
ORLA	ORLA MNG LTD NEW	470,029 (-13.6%)	$6,321 (+7.7%)	0.2%	$5.32	+128.0%	COM	68634K106
HPE	HEWLETT PACKARD ENTERPRISE C	159,000 (-7.3%)	$3,819 (-9.3%)	0.1%	$21.88	+7.1%	COM	42824C109
GOOG	ALPHABET INC	8,200 (-8.9%)	$2,573 (+17.4%)	0.1%	$132.47	+116.2%	CAP STK CL C	02079K107
EXR	EXTRA SPACE STORAGE INC	11,900 (-12.5%)	$1,550 (-19.2%)	0.0%	$133.87	+0.9%	COM	30225T102
EXC	EXELON CORP	110,600 (-4.0%)	$4,821 (-7.0%)	0.1%	$27.92	+62.8%	COM	30161N101
ADBE	ADOBE INC	2,910 (-23.6%)	$1,018 (-24.2%)	0.0%	$404.98	-16.0%	COM	00724F101
ELV	ELEVANCE HEALTH INC FORMERLY	3,370 (-26.9%)	$1,181 (-20.7%)	0.0%	$420.81	-20.0%	COM	036752103
GMED	GLOBUS MED INC	12,600 (-9.4%)	$1,100 (+38.2%)	0.0%	$68.75	+10.4%	CL A	379577208
CVS	CVS HEALTH CORP	165,300 (-7.0%)	$13,118 (-2.1%)	0.4%	$56.23	+39.9%	COM	126650100
AES	AES CORP	194,800 (-16.7%)	$2,793 (-9.2%)	0.1%	$17.53	-19.9%	COM	00130H105
CMCSA	COMCAST CORP NEW	108,900 (-2.5%)	$3,255 (-7.3%)	0.1%	$37.15	-23.2%	CL A	20030N101
ADI	ANALOG DEVICES INC	8,900 (-17.6%)	$2,414 (-9.0%)	0.1%	$215.42	+16.3%	COM	032654105
SNPS	SYNOPSYS INC	2,500 (-10.7%)	$1,174 (-15.0%)	0.0%	$408.95	+8.6%	COM	871607107
RF	REGIONS FINANCIAL CORP NEW	122,700 (-7.7%)	$3,325 (-5.2%)	0.1%	$20.58	+23.3%	COM	7591EP100
TSLA	TESLA INC	5,000 (-7.4%)	$2,249 (-6.4%)	0.1%	$259.97	+70.5%	COM	88160R101
MET	METLIFE INC	12,600 (-8.0%)	$995 (-11.9%)	0.0%	$69.61	+13.4%	COM	59156R108
ACN	ACCENTURE PLC IRELAND	26,100 (-9.7%)	$7,003 (-1.7%)	0.2%	$346.57	-26.7%	SHS CLASS A	G1151C101
GM	GENERAL MTRS CO	42,600 (-26.4%)	$3,464 (-1.9%)	0.1%	$48.81	+44.2%	COM	37045V100
SBAC	SBA COMMUNICATIONS CORP NEW	4,300 (-4.4%)	$832 (-4.4%)	0.0%	$200.84	-4.1%	CL A	78410G104
BHC	BAUSCH HEALTH COS INC	100,500 (-11.5%)	$698 (-4.6%)	0.0%	$7.05	-6.7%	COM	071734107
APO	APOLLO GLOBAL MGMT INC	7,700 (-10.5%)	$1,115 (-2.7%)	0.0%	$135.18	-1.9%	COM	03769M106
TPR	TAPESTRY INC	16,800 (-12.5%)	$2,147 (-1.3%)	0.1%	$74.95	+52.1%	COM	876030107
FTS	FORTIS INC	921,744 (-2.5%)	$47,920 (-0.0%)	1.4%	$44.46	+14.3%	COM	349553107
CAH	CARDINAL HEALTH INC	4,100 (-22.6%)	$843 (+1.3%)	0.0%	$153.09	+22.6%	COM	14149Y108
AQN	ALGONQUIN PWR UTILS CORP	4,066,619 (-12.6%)	$25,005 (-0.0%)	0.7%	$8.50	-30.1%	COM	015857105

Unchanged Positions (35)

MGA MAGNA INTL INC 2.4%

Value ($000) $83,939 Shares 1,574,620 Est. Cost $41.27 Unrealized +18.4%

TU TELUS CORPORATION 0.9%

Value ($000) $32,140 Shares 2,438,662 Est. Cost $17.84 Unrealized -21.1%

DG DOLLAR GEN CORP NEW 0.2%

Value ($000) $7,037 Shares 53,000 Est. Cost $96.24 Unrealized +15.9%

CCJ CAMECO CORP 0.4%

Value ($000) $15,542 Shares 169,740 Est. Cost $41.82 Unrealized +115.0%

CRM SALESFORCE INC 0.2%

Value ($000) $8,186 Shares 30,900 Est. Cost $284.25 Unrealized -12.7%

VET VERMILION ENERGY INC 0.3%

Value ($000) $9,061 Shares 1,089,100 Est. Cost $11.26 Unrealized -26.7%

ABT ABBOTT LABS 0.2%

Value ($000) $7,129 Shares 56,900 Est. Cost $103.46 Unrealized +23.0%

DUK DUKE ENERGY CORP NEW 0.3%

Value ($000) $9,705 Shares 82,800 Est. Cost $95.89 Unrealized +26.8%

STT STATE STR CORP 0.1%

Value ($000) $3,909 Shares 30,300 Est. Cost $70.77 Unrealized +68.1%

DGT SPDR SERIES TRUST 0.4%

Value ($000) $12,213 Shares 73,266 Est. Cost $67.97 Unrealized —

SYY SYSCO CORP 0.1%

Value ($000) $2,955 Shares 40,100 Est. Cost $72.12 Unrealized +4.7%

CMS CMS ENERGY CORP 0.2%

Value ($000) $5,713 Shares 81,700 Est. Cost $64.48 Unrealized +12.4%

LMT LOCKHEED MARTIN CORP 0.2%

Value ($000) $8,271 Shares 17,100 Est. Cost $482.29 Unrealized -1.3%

AEM AGNICO EAGLE MINES LTD 1.0%

Value ($000) $35,027 Shares 206,558 Est. Cost $79.99 Unrealized +109.8%

COF CAPITAL ONE FINL CORP 0.1%

Value ($000) $1,769 Shares 7,300 Est. Cost $153.90 Unrealized +44.4%

FLS FLOWSERVE CORP 0.0%

Value ($000) $860 Shares 12,400 Est. Cost $53.92 Unrealized +18.8%

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $2,110 Shares 2,400 Est. Cost $363.08 Unrealized +124.0%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $7,491 Shares 10,985 Est. Cost $443.28 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $1,709 Shares 46,200 Est. Cost $54.12 Unrealized -33.2%

XYL XYLEM INC 0.0%

Value ($000) $1,130 Shares 8,300 Est. Cost $138.06 Unrealized +4.0%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $1,359 Shares 2,600 Est. Cost $441.73 Unrealized +11.9%

MDT MEDTRONIC PLC 0.3%

Value ($000) $8,982 Shares 93,500 Est. Cost $87.04 Unrealized +11.6%

RJF RAYMOND JAMES FINL INC 0.0%

Value ($000) $883 Shares 5,500 Est. Cost $127.57 Unrealized +26.2%

AIG AMERICAN INTL GROUP INC 0.0%

Value ($000) $565 Shares 6,600 Est. Cost $70.50 Unrealized +13.0%

PGR PROGRESSIVE CORP 0.0%

Value ($000) $547 Shares 2,400 Est. Cost $257.53 Unrealized -17.5%

PFGC PERFORMANCE FOOD GROUP CO 0.0%

Value ($000) $225 Shares 2,500 Est. Cost $83.28 Unrealized +16.0%

CPAY CORPAY INC 0.0%

Value ($000) $722 Shares 2,400 Est. Cost $312.86 Unrealized -7.2%

LHX L3HARRIS TECHNOLOGIES INC 0.0%

Value ($000) $763 Shares 2,600 Est. Cost $200.20 Unrealized +44.1%

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $729 Shares 4,500 Est. Cost $105.75 Unrealized +47.7%

ALL ALLSTATE CORP 0.0%

Value ($000) $624 Shares 3,000 Est. Cost $170.42 Unrealized +19.8%

KKR KKR & CO INC 0.0%

Value ($000) $739 Shares 5,800 Est. Cost $123.54 Unrealized +0.6%

WTW WILLIS TOWERS WATSON PLC LTD 0.0%

Value ($000) $263 Shares 800 Est. Cost $275.04 Unrealized +18.7%

QXO QXO INC 0.0%

Value ($000) $993 Shares 51,500 Est. Cost $20.71 Unrealized -7.4%

BA BOEING CO 0.1%

Value ($000) $1,889 Shares 8,700 Est. Cost $196.51 Unrealized +4.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $1,608 Shares 3,200 Est. Cost $213.12 Unrealized +133.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGA	MAGNA INTL INC	1,574,620	$83,939	2.4%	$41.27	+18.4%	COM	559222401
TU	TELUS CORPORATION	2,438,662	$32,140	0.9%	$17.84	-21.1%	COM	87971M103
DG	DOLLAR GEN CORP NEW	53,000	$7,037	0.2%	$96.24	+15.9%	COM	256677105
CCJ	CAMECO CORP	169,740	$15,542	0.4%	$41.82	+115.0%	COM	13321L108
CRM	SALESFORCE INC	30,900	$8,186	0.2%	$284.25	-12.7%	COM	79466L302
VET	VERMILION ENERGY INC	1,089,100	$9,061	0.3%	$11.26	-26.7%	COM	923725105
ABT	ABBOTT LABS	56,900	$7,129	0.2%	$103.46	+23.0%	COM	002824100
DUK	DUKE ENERGY CORP NEW	82,800	$9,705	0.3%	$95.89	+26.8%	COM NEW	26441C204
STT	STATE STR CORP	30,300	$3,909	0.1%	$70.77	+68.1%	COM	857477103
DGT	SPDR SERIES TRUST	73,266	$12,213	0.4%	$67.97	—	STATE STREET SPD	78464A706
SYY	SYSCO CORP	40,100	$2,955	0.1%	$72.12	+4.7%	COM	871829107
CMS	CMS ENERGY CORP	81,700	$5,713	0.2%	$64.48	+12.4%	COM	125896100
LMT	LOCKHEED MARTIN CORP	17,100	$8,271	0.2%	$482.29	-1.3%	COM	539830109
AEM	AGNICO EAGLE MINES LTD	206,558	$35,027	1.0%	$79.99	+109.8%	COM	008474108
COF	CAPITAL ONE FINL CORP	7,300	$1,769	0.1%	$153.90	+44.4%	COM	14040H105
FLS	FLOWSERVE CORP	12,400	$860	0.0%	$53.92	+18.8%	COM	34354P105
GS	GOLDMAN SACHS GROUP INC	2,400	$2,110	0.1%	$363.08	+124.0%	COM	38141G104
SPY	SPDR S&P 500 ETF TR	10,985	$7,491	0.2%	$443.28	—	TR UNIT	78462F103
CMG	CHIPOTLE MEXICAN GRILL INC	46,200	$1,709	0.0%	$54.12	-33.2%	COM	169656105
XYL	XYLEM INC	8,300	$1,130	0.0%	$138.06	+4.0%	COM	98419M100
SPGI	S&P GLOBAL INC	2,600	$1,359	0.0%	$441.73	+11.9%	COM	78409V104
MDT	MEDTRONIC PLC	93,500	$8,982	0.3%	$87.04	+11.6%	SHS	G5960L103
RJF	RAYMOND JAMES FINL INC	5,500	$883	0.0%	$127.57	+26.2%	COM	754730109
AIG	AMERICAN INTL GROUP INC	6,600	$565	0.0%	$70.50	+13.0%	COM NEW	026874784
PGR	PROGRESSIVE CORP	2,400	$547	0.0%	$257.53	-17.5%	COM	743315103
PFGC	PERFORMANCE FOOD GROUP CO	2,500	$225	0.0%	$83.28	+16.0%	COM	71377A103
CPAY	CORPAY INC	2,400	$722	0.0%	$312.86	-7.2%	COM SHS	219948106
LHX	L3HARRIS TECHNOLOGIES INC	2,600	$763	0.0%	$200.20	+44.1%	COM	502431109
ICE	INTERCONTINENTAL EXCHANGE IN	4,500	$729	0.0%	$105.75	+47.7%	COM	45866F104
ALL	ALLSTATE CORP	3,000	$624	0.0%	$170.42	+19.8%	COM	020002101
KKR	KKR & CO INC	5,800	$739	0.0%	$123.54	+0.6%	COM	48251W104
WTW	WILLIS TOWERS WATSON PLC LTD	800	$263	0.0%	$275.04	+18.7%	SHS	G96629103
QXO	QXO INC	51,500	$993	0.0%	$20.71	-7.4%	COM NEW	82846H405
BA	BOEING CO	8,700	$1,889	0.1%	$196.51	+4.7%	COM	097023105
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,200	$1,608	0.0%	$213.12	+133.4%	CL B NEW	084670702