The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 4,935 35,000 SH   SOLE N/A 0 0 35,000
ADOBE INC COM 00724F101 3,620 16,000 SH   SOLE N/A 0 0 16,000
AIR LEASE CORP CL A 00912X302 3,051 101,000 SH   SOLE N/A 0 0 101,000
ALPHABET INC CAP STK CL A 02079K305 7,001 6,700 SH   SOLE N/A 0 0 6,700
ALPHABET INC CAP STK CL C 02079K107 2,631 1,861 SH   DFND N/A 0 0 1,861
AMAZON COM INC COM 023135106 3,090 1,507 SH   DFND N/A 0 0 1,507
AMERICAN TOWER CORP NEW COM 03027X100 1,968 9,113 SH   DFND N/A 0 0 9,113
APPLE INC COM 037833100 10,348 65,600 SH   SOLE N/A 0 0 65,600
ARES CAP CORP COM 04010L103 5,317 250,000 SH   SOLE N/A 0 0 250,000
BANK N S HALIFAX COM 064149107 13,440 197,500 SH   SOLE N/A 0 0 197,500
BB&T CORP COM 054937107 3,379 78,000 SH   SOLE N/A 0 0 78,000
BERRY GLOBAL GROUP INC COM 08579W103 2,666 56,100 SH   SOLE N/A 0 0 56,100
BLACKROCK INC COM 09247X101 6,089 15,500 SH   SOLE N/A 0 0 15,500
BOEING CO COM 097023105 2,741 8,500 SH   SOLE N/A 0 0 8,500
BOSTON SCIENTIFIC CORP COM 101137107 3,887 110,000 SH   SOLE N/A 0 0 110,000
BRISTOL MYERS SQUIBB CO COM 110122108 3,327 64,000 SH   SOLE N/A 0 0 64,000
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 6,959 133,000 SH   SOLE N/A 0 0 133,000
CANADIAN NAT RES LTD COM 136385101 16,332 495,800 SH   SOLE N/A 0 0 495,800
CANADIAN NATL RY CO COM 136375102 9,161 90,600 SH   SOLE N/A 0 0 90,600
CANADIAN PAC RY LTD COM 13645T100 1,211 5,000 SH   SOLE N/A 0 0 5,000
CARLISLE COS INC COM 142339100 6,031 60,000 SH   SOLE N/A 0 0 60,000
CDN IMPERIAL BK COMM TORONTO COM 136069101 9,721 95,600 SH   SOLE N/A 0 0 95,600
CHECK POINT SOFTWARE TECH LT ORD M22465104 257 1,837 SH   DFND N/A 0 0 1,837
CHEESECAKE FACTORY INC COM 163072101 8,267 190,000 SH   SOLE N/A 0 0 190,000
CHUBB LIMITED COM H1467J104 3,100 24,000 SH   SOLE N/A 0 0 24,000
CITIGROUP INC COM NEW 172967424 16,607 319,000 SH   SOLE N/A 0 0 319,000
CLOROX CO DEL COM 189054109 3,472 16,500 SH   DFND N/A 0 0 16,500
COCA COLA CO COM 191216100 2,157 33,367 SH   DFND N/A 0 0 33,367
COMCAST CORP NEW CL A 20030N101 3,882 114,000 SH   SOLE N/A 0 0 114,000
CONAGRA BRANDS INC COM 205887102 1,919 65,800 SH   DFND N/A 0 0 65,800
COSTCO WHSL CORP NEW COM 22160K105 4,482 22,000 SH   SOLE N/A 0 0 22,000
CROWN CASTLE INTL CORP NEW COM 22822V101 4,345 40,000 SH   SOLE N/A 0 0 40,000
DAVE & BUSTERS ENTMT INC COM 238337109 2,228 50,000 SH   SOLE N/A 0 0 50,000
DELPHI TECHNOLOGIES PLC SHS G2709G107 6,544 457,000 SH   SOLE N/A 0 0 457,000
DOLLAR TREE INC COM 256746108 4,516 50,000 SH   SOLE N/A 0 0 50,000
DOWDUPONT INC COM 26078J100 6,050 113,126 SH   SOLE N/A 0 0 113,126
ECOLAB INC COM 278865100 2,669 13,269 SH   DFND N/A 0 0 13,269
ELECTRONIC ARTS INC COM 285512109 10,495 133,000 SH   SOLE N/A 0 0 133,000
ENBRIDGE INC COM 29250N105 12,659 298,500 SH   SOLE N/A 0 0 298,500
EXXON MOBIL CORP COM 30231G102 1,903 20,447 SH   DFND N/A 0 0 20,447
EXXON MOBIL CORP COM 30231G102 3,682 54,000 SH   SOLE N/A 0 0 54,000
FACEBOOK INC CL A 30303M102 2,060 11,510 SH   DFND N/A 0 0 11,510
FEDEX CORP COM 31428X106 6,937 43,000 SH   SOLE N/A 0 0 43,000
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 397 20,109 SH   DFND N/A 0 0 20,109
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,500 12,641 SH   DFND N/A 0 0 12,641
FRANKLIN RES INC COM 354613101 8,023 270,500 SH   SOLE N/A 0 0 270,500
GENERAL MLS INC COM 370334104 4,040 76,000 SH   DFND N/A 0 0 76,000
GILDAN ACTIVEWEAR INC COM 375916103 3,647 88,000 SH   SOLE N/A 0 0 88,000
HCA HEALTHCARE INC COM 40412C101 1,369 11,000 SH   SOLE N/A 0 0 11,000
HDFC BANK LTD ADR REPS 3 SHS 40415F101 5,689 40,228 SH   DFND N/A 0 0 40,228
HOME DEPOT INC COM 437076102 3,103 13,230 SH   DFND N/A 0 0 13,230
HOME DEPOT INC COM 437076102 8,076 47,000 SH   SOLE N/A 0 0 47,000
HORMEL FOODS CORP COM 440452100 3,047 52,300 SH   DFND N/A 0 0 52,300
HP INC COM 40434L105 2,656 129,800 SH   SOLE N/A 0 0 129,800
JPMORGAN CHASE & CO COM 46625H100 11,031 113,000 SH   SOLE N/A 0 0 113,000
KIMBERLY CLARK CORP COM 494368103 4,200 27,000 SH   DFND N/A 0 0 27,000
L BRANDS INC COM 501797104 6,674 260,000 SH   SOLE N/A 0 0 260,000
L3 TECHNOLOGIES INC COM 502413107 2,344 13,500 SH   SOLE N/A 0 0 13,500
LAMB WESTON HLDGS INC COM 513272104 1,038 10,333 SH   DFND N/A 0 0 10,333
LAUDER ESTEE COS INC CL A 518439104 3,122 24,000 SH   SOLE N/A 0 0 24,000
M & T BK CORP COM 55261F104 4,866 34,000 SH   SOLE N/A 0 0 34,000
MAGNA INTL INC COM 559222401 6,507 105,000 SH   SOLE N/A 0 0 105,000
MANULIFE FINL CORP COM 56501R106 10,466 540,300 SH   SOLE N/A 0 0 540,300
MARTIN MARIETTA MATLS INC COM 573284106 3,437 20,000 SH   SOLE N/A 0 0 20,000
MEDTRONIC PLC SHS G5960L103 5,970 65,636 SH   SOLE N/A 0 0 65,636
MERCK & CO INC COM 58933Y105 3,591 47,000 SH   SOLE N/A 0 0 47,000
MERCK & CO INC COM 58933Y105 4,005 38,400 SH   DFND N/A 0 0 38,400
METHANEX CORP COM 59151K108 4,793 73,000 SH   SOLE N/A 0 0 73,000
MICROSOFT CORP COM 594918104 9,340 91,960 SH   SOLE N/A 0 0 91,960
MOGO FIN TECHNOLOGY INC COM 608008108 469 147,341 SH   SOLE N/A 0 0 147,341
MOLSON COORS BREWING CO CL B 60871R209 6,739 120,000 SH   SOLE N/A 0 0 120,000
MONDELEZ INTL INC CL A 609207105 1,202 22,000 SH   DFND N/A 0 0 22,000
NEWELL BRANDS INC COM 651229106 2,844 153,000 SH   SOLE N/A 0 0 153,000
NEXTERA ENERGY INC COM 65339F101 4,867 28,000 SH   SOLE N/A 0 0 28,000
NUTRIEN LTD COM 67077M108 7,117 111,000 SH   SOLE N/A 0 0 111,000
NVIDIA CORP COM 67066G104 3,738 28,000 SH   SOLE N/A 0 0 28,000
NXP SEMICONDUCTORS N V COM N6596X109 256 2,556 SH   DFND N/A 0 0 2,556
PFIZER INC COM 717081103 3,045 51,100 SH   DFND N/A 0 0 51,100
PFIZER INC COM 717081103 4,059 93,000 SH   SOLE N/A 0 0 93,000
PHILLIPS 66 COM 718546104 3,446 40,000 SH   SOLE N/A 0 0 40,000
PROCTER AND GAMBLE CO COM 742718109 1,737 13,839 SH   DFND N/A 0 0 13,839
PROCTER AND GAMBLE CO COM 742718109 6,802 74,000 SH   SOLE N/A 0 0 74,000
ROYAL BK CDA MONTREAL QUE COM 780087102 19,883 212,790 SH   SOLE N/A 0 0 212,790
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 4,792 49,000 SH   SOLE N/A 0 0 49,000
SHAW COMMUNICATIONS INC CL B CONV 82028K200 6,746 273,000 SH   SOLE N/A 0 0 273,000
SHERWIN WILLIAMS CO COM 824348106 3,266 8,300 SH   SOLE N/A 0 0 8,300
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 6,158 360,000 SH   SOLE N/A 0 0 360,000
STANTEC INC COM 85472N109 4,068 136,000 SH   SOLE N/A 0 0 136,000
SUN LIFE FINL INC COM 866796105 11,757 259,600 SH   SOLE N/A 0 0 259,600
SUNCOR ENERGY INC NEW COM 867224107 13,673 358,600 SH   SOLE N/A 0 0 358,600
SYNCHRONY FINL COM 87165B103 5,396 230,000 SH   SOLE N/A 0 0 230,000
TECK RESOURCES LTD CL B 878742204 7,142 243,000 SH   SOLE N/A 0 0 243,000
TEMPLETON GLOBAL INCOME FD COM 880198106 16,422 1,995,000 SH   SOLE N/A 0 0 1,995,000
TEXAS INSTRS INC COM 882508104 6,615 70,000 SH   SOLE N/A 0 0 70,000
THERMO FISHER SCIENTIFIC INC COM 883556102 2,577 8,435 SH   DFND N/A 0 0 8,435
THERMO FISHER SCIENTIFIC INC COM 883556102 4,476 20,000 SH   SOLE N/A 0 0 20,000
THL CREDIT INC COM 872438106 605 72,894 SH   SOLE N/A 0 0 72,894
THOR INDS INC COM 885160101 4,940 95,000 SH   SOLE N/A 0 0 95,000
TJX COS INC NEW COM 872540109 5,302 118,500 SH   SOLE N/A 0 0 118,500
TORONTO DOMINION BK ONT COM NEW 891160509 21,824 321,600 SH   SOLE N/A 0 0 321,600
TRANSCANADA CORP COM 89353D107 8,681 178,070 SH   SOLE N/A 0 0 178,070
UNION PAC CORP COM 907818108 7,299 52,800 SH   SOLE N/A 0 0 52,800
UNITEDHEALTH GROUP INC COM 91324P102 5,232 21,000 SH   SOLE N/A 0 0 21,000
VALERO ENERGY CORP NEW COM 91913Y100 7,122 95,000 SH   SOLE N/A 0 0 95,000
VISA INC COM CL A 92826C839 6,134 34,058 SH   DFND N/A 0 0 34,058
VISA INC COM CL A 92826C839 6,729 51,000 SH   SOLE N/A 0 0 51,000
WASTE MGMT INC DEL COM 94106L109 1,251 10,300 SH   DFND N/A 0 0 10,300
WASTE MGMT INC DEL COM 94106L109 3,738 42,000 SH   SOLE N/A 0 0 42,000
WELLS FARGO CO NEW COM 949746101 1,553 24,689 SH   DFND N/A 0 0 24,689
WESTROCK CO COM 96145D105 2,341 62,000 SH   SOLE N/A 0 0 62,000
WEYERHAEUSER CO COM 962166104 2,886 132,000 SH   SOLE N/A 0 0 132,000
XYLEM INC COM 98419M100 4,003 60,000 SH   SOLE N/A 0 0 60,000