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
ABBVIE INC COM 00287Y109 58,441 660,047 SH   SOLE   660,047 0 0
ADIENT PLC ORD SHS G0084W101 60,744 2,858,563 SH   SOLE   2,858,563 0 0
ALPHABET INC CAP STK CL A 02079K305 596 445 SH   SOLE   445 0 0
ALPHABET INC CAP STK CL C 02079K107 1,095 819 SH   SOLE   819 0 0
AMAZON COM INC COM 023135106 693 375 SH   SOLE   375 0 0
APPLE INC COM 037833100 1,006 3,425 SH   SOLE   3,425 0 0
AT&T INC COM 00206R102 192,321 4,921,218 SH   SOLE   4,921,218 0 0
BANK AMER CORP COM 060505104 128,956 3,661,436 SH   SOLE   3,661,436 0 0
BANK MONTREAL QUE COM 063671101 389,070 5,013,175 SH   SOLE   5,013,175 0 0
BANK N S HALIFAX COM 064149107 432,971 7,654,460 SH   SOLE   7,654,460 0 0
BCE INC COM NEW 05534B760 252,562 5,443,984 SH   SOLE   5,443,984 0 0
BIOGEN INC COM 09062X103 48,000 161,763 SH   SOLE   161,763 0 0
BLACKBERRY LTD COM 09228F103 21,214 3,294,486 SH   SOLE   3,294,486 0 0
BROOKFIELD PROPERTY PARTRS L UNIT LTD PARTN G16249107 138,477 7,567,226 SH   SOLE   7,567,226 0 0
CAE INC COM 124765108 59,960 2,261,581 SH   SOLE   2,261,581 0 0
CANADIAN NAT RES LTD COM 136385101 464,224 14,332,919 SH   SOLE   14,332,919 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 241,170 2,894,106 SH   SOLE   2,894,106 0 0
CELESTICA INC SUB VTG SHS 15101Q108 170,592 20,539,951 SH   SOLE   20,539,951 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 12,852 3,400,000 SH   SOLE   3,400,000 0 0
CENOVUS ENERGY INC COM 15135U109 397,769 39,076,296 SH   SOLE   39,076,296 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 81,877 1,937,000 SH   SOLE   1,937,000 0 0
CIRRUS LOGIC INC COM 172755100 48,626 590,054 SH   SOLE   590,054 0 0
CISCO SYS INC COM 17275R102 79,069 1,648,650 SH   SOLE   1,648,650 0 0
CITIGROUP INC COM NEW 172967424 202,184 2,530,775 SH   SOLE   2,530,775 0 0
COMCAST CORP NEW CL A 20030N101 118,424 2,633,398 SH   SOLE   2,633,398 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 43,498 2,890,250 SH   SOLE   2,890,250 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 62,075 3,664,410 SH   SOLE   3,664,410 0 0
CONOCOPHILLIPS COM 20825C104 126,517 1,945,522 SH   SOLE   1,945,522 0 0
COPA HOLDINGS SA CL A P31076105 14,591 135,000 SH   SOLE   135,000 0 0
CREDICORP LTD COM G2519Y108 12,468 58,500 SH   SOLE   58,500 0 0
DEVON ENERGY CORP NEW COM 25179M103 46,966 1,808,485 SH   SOLE   1,808,485 0 0
DICKS SPORTING GOODS INC COM 253393102 74,683 1,509,048 SH   SOLE   1,509,048 0 0
DXC TECHNOLOGY CO COM 23355L106 21,014 559,036 SH   SOLE   559,036 0 0
EASTMAN CHEMICAL CO COM 277432100 68,172 860,111 SH   SOLE   860,111 0 0
ENCANA CORP COM 292505104 238,406 50,847,532 SH   SOLE   50,847,532 0 0
ENERPLUS CORP COM 292766102 45,242 6,342,436 SH   SOLE   6,342,436 0 0
ENI S P A SPONSORED ADR 26874R108 402 13,000 SH   SOLE   13,000 0 0
FACEBOOK INC CL A 30303M102 41,727 203,298 SH   SOLE   203,298 0 0
FEDEX CORP COM 31428X106 401 2,649 SH   SOLE   2,649 0 0
FLUOR CORP NEW COM 343412102 20,302 1,075,304 SH   SOLE   1,075,304 0 0
FREEPORT-MCMORAN INC CL B 35671D857 84,096 6,409,760 SH   SOLE   6,409,760 0 0
GENERAL ELECTRIC CO COM 369604103 95,922 8,595,150 SH   SOLE   8,595,150 0 0
GILEAD SCIENCES INC COM 375558103 101,929 1,568,622 SH   SOLE   1,568,622 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 36,595 778,783 SH   SOLE   778,783 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 35,168 2,260,885 SH   SOLE   2,260,885 0 0
HESS CORP COM 42809H107 72,510 1,085,315 SH   SOLE   1,085,315 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 35,702 2,251,052 SH   SOLE   2,251,052 0 0
HP INC COM 40434L105 12,050 586,397 SH   SOLE   586,397 0 0
HUDBAY MINERALS INC COM 443628102 153,692 37,044,598 SH   SOLE   37,044,598 0 0
ICICI BK LTD ADR 45104G104 18,553 1,229,475 SH   SOLE   1,229,475 0 0
INFOSYS LTD SPONSORED ADR 456788108 1,979 191,750 SH   SOLE   191,750 0 0
ING GROEP N V SPONSORED ADR 456837103 2,236 185,559 SH   SOLE   185,559 0 0
INTEL CORP COM 458140100 107,722 1,799,862 SH   SOLE   1,799,862 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 93,791 699,724 SH   SOLE   699,724 0 0
INVESCO LTD SHS G491BT108 22,959 1,276,909 SH   SOLE   1,276,909 0 0
MAGNA INTL INC COM 559222401 299,800 5,460,193 SH   SOLE   5,460,193 0 0
MANULIFE FINL CORP COM 56501R106 441,120 21,700,400 SH   SOLE   21,700,400 0 0
MERCK & CO INC COM 58933Y105 84,208 925,868 SH   SOLE   925,868 0 0
METLIFE INC COM 59156R108 668 13,099 SH   SOLE   13,099 0 0
MICROSOFT CORP COM 594918104 284 1,800 SH   SOLE   1,800 0 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 445 43,800 SH   SOLE   43,800 0 0
NORBORD INC COM NEW 65548P403 137,542 5,135,534 SH   SOLE   5,135,534 0 0
NUTRIEN LTD COM 67077M108 138,800 2,895,105 SH   SOLE   2,895,105 0 0
OPEN TEXT CORP COM 683715106 1,643 37,230 SH   SOLE   37,230 0 0
ORACLE CORP COM 68389X105 65,599 1,238,191 SH   SOLE   1,238,191 0 0
PFIZER INC COM 717081103 75,567 1,928,723 SH   SOLE   1,928,723 0 0
PRECISION DRILLING CORP COM 2010 74022D308 17,512 12,545,945 SH   SOLE   12,545,945 0 0
PRETIUM RES INC COM 74139C102 151,987 13,639,397 SH   SOLE   13,639,397 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 199,263 4,007,352 SH   SOLE   4,007,352 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 384,569 4,853,429 SH   SOLE   4,853,429 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 689 11,490 SH   SOLE   11,490 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 149,829 2,540,337 SH   SOLE   2,540,337 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 42,045 347,824 SH   SOLE   347,824 0 0
SPIRIT AIRLS INC COM 848577102 46,601 1,156,070 SH   SOLE   1,156,070 0 0
STATE STR CORP COM 857477103 100,026 1,264,555 SH   SOLE   1,264,555 0 0
SUN LIFE FINL INC COM 866796105 358,098 7,842,663 SH   SOLE   7,842,663 0 0
SUNCOR ENERGY INC NEW COM 867224107 408,114 12,434,729 SH   SOLE   12,434,729 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 249 5,000 SH   SOLE   5,000 0 0
TECK RESOURCES LTD CL B 878742204 245,124 14,114,756 SH   SOLE   14,114,756 0 0
TELEFONICA S A SPONSORED ADR 879382208 152 21,810 SH   SOLE   21,810 0 0
TELUS CORP COM 87971M103 307,802 7,938,401 SH   SOLE   7,938,401 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 88,911 2,337,910 SH   SOLE   2,337,910 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 360,792 6,423,958 SH   SOLE   6,423,958 0 0
TRUIST FINL CORP COM 89832Q109 68,219 1,211,271 SH   SOLE   1,211,271 0 0
UNITED PARCEL SERVICE INC CL B 911312106 69,439 593,191 SH   SOLE   593,191 0 0
UNITEDHEALTH GROUP INC COM 91324P102 544 1,850 SH   SOLE   1,850 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 190,948 3,109,904 SH   SOLE   3,109,904 0 0
VIACOMCBS INC CL B 92556H206 90,026 2,145,007 SH   SOLE   2,145,007 0 0
VISA INC COM CL A 92826C839 428 2,280 SH   SOLE   2,280 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 51,465 2,662,426 SH   SOLE   2,662,426 0 0
WALMART INC COM 931142103 81,653 687,081 SH   SOLE   687,081 0 0
WELLS FARGO CO NEW COM 949746101 80,557 1,497,337 SH   SOLE   1,497,337 0 0