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 6,317 30,000 SH   SOLE N/A 0 0 30,000
ADOBE INC COM 00724F101 6,662 20,200 SH   SOLE N/A 0 0 20,200
ALPHABET INC CAP STK CL A 02079K305 13,930 10,400 SH   SOLE N/A 0 0 10,400
ALPHABET INC CAP STK CL C 02079K107 3,759 2,165 SH   DFND N/A 0 0 2,165
AMAZON COM INC COM 023135106 3,698 1,541 SH   DFND N/A 0 0 1,541
AMERICAN TOWER CORP NEW COM 03027X100 2,720 9,113 SH   DFND N/A 0 0 9,113
APPLE INC COM 037833100 5,873 20,000 SH   SOLE N/A 0 0 20,000
ARES CAP CORP COM 04010L103 6,580 271,715 SH   SOLE N/A 0 0 271,715
BANK N S HALIFAX COM 064149107 22,995 313,500 SH   SOLE N/A 0 0 313,500
BOEING CO COM 097023105 5,896 18,100 SH   SOLE N/A 0 0 18,100
BOSTON SCIENTIFIC CORP COM 101137107 5,607 124,000 SH   SOLE N/A 0 0 124,000
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 9,979 133,000 SH   SOLE N/A 0 0 133,000
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 5,967 92,000 SH   SOLE N/A 0 0 92,000
BROOKFIELD PROPERTY PARTRS L UNIT LTD PARTN G16249107 5,197 219,000 SH   SOLE N/A 0 0 219,000
CANADIAN NAT RES LTD COM 136385101 14,629 348,300 SH   SOLE N/A 0 0 348,300
CANADIAN NATL RY CO COM 136375102 12,757 108,600 SH   SOLE N/A 0 0 108,600
CANADIAN PAC RY LTD COM 13645T100 4,303 13,000 SH   SOLE N/A 0 0 13,000
CDN IMPERIAL BK COMM TORONTO COM 136069101 9,790 90,600 SH   SOLE N/A 0 0 90,600
CHECK POINT SOFTWARE TECH LT ORD M22465104 221 1,537 SH   DFND N/A 0 0 1,537
CHEESECAKE FACTORY INC COM 163072101 8,355 215,000 SH   SOLE N/A 0 0 215,000
CITIGROUP INC COM NEW 172967424 3,995 50,000 SH   SOLE N/A 0 0 50,000
CLOROX CO DEL COM 189054109 2,054 10,300 SH   DFND N/A 0 0 10,300
COCA COLA CO COM 191216100 2,398 33,367 SH   DFND N/A 0 0 33,367
COMCAST CORP NEW CL A 20030N101 7,060 157,000 SH   SOLE N/A 0 0 157,000
CONAGRA BRANDS INC COM 205887102 3,637 81,800 SH   DFND N/A 0 0 81,800
COSTCO WHSL CORP NEW COM 22160K105 7,936 27,000 SH   SOLE N/A 0 0 27,000
CROWN CASTLE INTL CORP NEW COM 22822V101 6,539 46,000 SH   SOLE N/A 0 0 46,000
DAVE & BUSTERS ENTMT INC COM 238337109 5,624 140,000 SH   SOLE N/A 0 0 140,000
DELPHI TECHNOLOGIES PLC SHS G2709G107 5,543 432,000 SH   SOLE N/A 0 0 432,000
DOLLAR TREE INC COM 256746108 3,762 40,000 SH   SOLE N/A 0 0 40,000
ECOLAB INC COM 278865100 3,325 13,269 SH   DFND N/A 0 0 13,269
ELECTRONIC ARTS INC COM 285512109 6,666 62,000 SH   SOLE N/A 0 0 62,000
ENBRIDGE INC COM 29250N105 23,053 446,500 SH   SOLE N/A 0 0 446,500
EOG RES INC COM 26875P101 3,099 37,000 SH   SOLE N/A 0 0 37,000
EXXON MOBIL CORP COM 30231G102 1,884 36,374 SH   DFND N/A 0 0 36,374
FEDEX CORP COM 31428X106 7,258 48,000 SH   SOLE N/A 0 0 48,000
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,928 12,641 SH   DFND N/A 0 0 12,641
FRANCO NEVADA CORP COM 351858105 7,174 53,500 SH   SOLE N/A 0 0 53,500
FRANKLIN RES INC COM 354613101 7,677 295,500 SH   SOLE N/A 0 0 295,500
GENERAL MLS INC COM 370334104 4,069 58,500 SH   DFND N/A 0 0 58,500
GILDAN ACTIVEWEAR INC COM 375916103 6,315 164,500 SH   SOLE N/A 0 0 164,500
HDFC BANK LTD SPONSORED ADS 40415F101 6,620 80,456 SH   DFND N/A 0 0 80,456
HOME DEPOT INC COM 437076102 3,837 13,531 SH   DFND N/A 0 0 13,531
HORMEL FOODS CORP COM 440452100 2,103 35,900 SH   DFND N/A 0 0 35,900
HORMEL FOODS CORP COM 440452100 4,737 105,000 SH   SOLE N/A 0 0 105,000
JPMORGAN CHASE & CO COM 46625H100 12,546 90,000 SH   SOLE N/A 0 0 90,000
KIMBERLY CLARK CORP COM 494368103 4,126 23,100 SH   DFND N/A 0 0 23,100
L BRANDS INC COM 501797104 5,889 325,000 SH   SOLE N/A 0 0 325,000
LAMB WESTON HLDGS INC COM 513272104 3,221 28,833 SH   DFND N/A 0 0 28,833
LAUDER ESTEE COS INC CL A 518439104 4,957 24,000 SH   SOLE N/A 0 0 24,000
LOWES COS INC COM 548661107 7,186 60,000 SH   SOLE N/A 0 0 60,000
M & T BK CORP COM 55261F104 11,543 68,000 SH   SOLE N/A 0 0 68,000
MAGNA INTL INC COM 559222401 6,052 85,000 SH   SOLE N/A 0 0 85,000
MANULIFE FINL CORP COM 56501R106 10,183 386,300 SH   SOLE N/A 0 0 386,300
MEDTRONIC PLC SHS G5960L103 8,808 77,636 SH   SOLE N/A 0 0 77,636
MERCK & CO INC COM 58933Y105 3,732 31,600 SH   DFND N/A 0 0 31,600
MERCK & CO INC COM 58933Y105 6,639 73,000 SH   SOLE N/A 0 0 73,000
METHANEX CORP COM 59151K108 13,440 268,000 SH   SOLE N/A 0 0 268,000
MICROSOFT CORP COM 594918104 3,109 15,184 SH   DFND N/A 0 0 15,184
MICROSOFT CORP COM 594918104 14,502 91,960 SH   SOLE N/A 0 0 91,960
MOGO INC COM 60800C109 494 147,341 SH   SOLE N/A 0 0 147,341
MOLSON COORS BREWING CO CL B 60871R209 9,325 173,000 SH   SOLE N/A 0 0 173,000
MONDELEZ INTL INC CL A 609207105 4,534 35,051 SH   DFND N/A 0 0 35,051
MSCI INC COM 55354G100 1,295 3,862 SH   DFND N/A 0 0 3,862
NEXTERA ENERGY INC COM 65339F101 1,977 6,288 SH   DFND N/A 0 0 6,288
NEXTERA ENERGY INC COM 65339F101 9,638 39,800 SH   SOLE N/A 0 0 39,800
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 6,529 124,000 SH   SOLE N/A 0 0 124,000
NUTRIEN LTD COM 67077M108 6,155 99,000 SH   SOLE N/A 0 0 99,000
NVIDIA CORP COM 67066G104 5,647 24,000 SH   SOLE N/A 0 0 24,000
PEPSICO INC COM 713448108 9,020 66,000 SH   SOLE N/A 0 0 66,000
PFIZER INC COM 717081103 2,269 44,600 SH   DFND N/A 0 0 44,600
PFIZER INC COM 717081103 6,190 158,000 SH   SOLE N/A 0 0 158,000
PROCTER & GAMBLE CO COM 742718109 2,646 16,313 SH   DFND N/A 0 0 16,313
PROCTER & GAMBLE CO COM 742718109 8,618 69,000 SH   SOLE N/A 0 0 69,000
PROGRESSIVE CORP OHIO COM 743315103 5,067 70,000 SH   SOLE N/A 0 0 70,000
RESTAURANT BRANDS INTL INC COM 76131D103 828 10,000 SH   SOLE N/A 0 0 10,000
ROYAL BK CDA MONTREAL QUE COM 780087102 20,528 199,790 SH   SOLE N/A 0 0 199,790
SEAGATE TECHNOLOGY PLC SHS G7945M107 4,701 79,000 SH   SOLE N/A 0 0 79,000
SHAW COMMUNICATIONS INC CL B CONV 82028K200 8,458 321,000 SH   SOLE N/A 0 0 321,000
SHERWIN WILLIAMS CO COM 824348106 5,719 9,800 SH   SOLE N/A 0 0 9,800
SUN LIFE FINL INC COM 866796105 8,680 146,600 SH   SOLE N/A 0 0 146,600
SUNCOR ENERGY INC NEW COM 867224107 15,773 370,600 SH   SOLE N/A 0 0 370,600
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 1,905 25,249 SH   DFND N/A 0 0 25,249
TC ENERGY CORP COM 87807B107 12,315 178,070 SH   SOLE N/A 0 0 178,070
TECK RESOURCES LTD CL B 878742204 3,693 164,000 SH   SOLE N/A 0 0 164,000
TELUS CORP COM 87971M103 4,676 93,000 SH   SOLE N/A 0 0 93,000
THERMO FISHER SCIENTIFIC INC COM 883556102 3,558 8,435 SH   DFND N/A 0 0 8,435
THERMO FISHER SCIENTIFIC INC COM 883556102 3,898 12,000 SH   SOLE N/A 0 0 12,000
THL CREDIT INC COM 872438106 1,229 150,000 SH   SOLE N/A 0 0 150,000
TORONTO DOMINION BK ONT COM NEW 891160509 23,568 323,600 SH   SOLE N/A 0 0 323,600
UNITEDHEALTH GROUP INC COM 91324P102 5,880 20,000 SH   SOLE N/A 0 0 20,000
VALERO ENERGY CORP NEW COM 91913Y100 5,619 60,000 SH   SOLE N/A 0 0 60,000
VISA INC COM CL A 92826C839 6,654 27,270 SH   DFND N/A 0 0 27,270
VISA INC COM CL A 92826C839 9,583 51,000 SH   SOLE N/A 0 0 51,000
VULCAN MATLS CO COM 929160109 5,040 35,000 SH   SOLE N/A 0 0 35,000
WALMART INC COM 931142103 3,090 26,000 SH   SOLE N/A 0 0 26,000
WASTE MGMT INC DEL COM 94106L109 1,036 7,000 SH   DFND N/A 0 0 7,000
WASTE MGMT INC DEL COM 94106L109 4,786 42,000 SH   SOLE N/A 0 0 42,000
WHEATON PRECIOUS METALS CORP COM 962879102 7,226 187,000 SH   SOLE N/A 0 0 187,000
XYLEM INC COM 98419M100 6,382 81,000 SH   SOLE N/A 0 0 81,000
ISHARES TR GBL GREEN ETF 46435U440 1,073 20,000 SH   SOLE N/A 0 0 20,000