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 51,185 671,802 SH   SOLE   671,802 0 0
ADIENT PLC ORD SHS G0084W101 20,810 2,294,331 SH   SOLE   2,294,331 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 4,862 25,000 SH   SOLE   25,000 0 0
ALPHABET INC CAP STK CL C 02079K107 24,240 20,846 SH   SOLE   20,846 0 0
AT&T INC COM 00206R102 139,680 4,791,758 SH   SOLE   4,791,758 0 0
BANK MONTREAL COM 063671101 225,411 4,515,043 SH   SOLE   4,515,043 0 0
BANK NOVA SCOTIA B C COM 064149107 283,643 7,024,934 SH   SOLE   7,024,934 0 0
BCE INC COM NEW 05534B760 249,244 6,145,182 SH   SOLE   6,145,182 0 0
BIOGEN INC COM 09062X103 51,901 164,046 SH   SOLE   164,046 0 0
BK OF AMERICA CORP COM 060505104 75,172 3,540,851 SH   SOLE   3,540,851 0 0
BLACKBERRY LTD COM 09228F103 12,602 3,108,561 SH   SOLE   3,108,561 0 0
BROOKFIELD PROPERTY PARTRS L UNIT LTD PARTN G16249107 67,526 8,460,626 SH   SOLE   8,460,626 0 0
CAE INC COM 124765108 33,946 2,716,006 SH   SOLE   2,716,006 0 0
CANADIAN IMP BK COMM COM 136069101 99,999 1,735,780 SH   SOLE   1,735,780 0 0
CANADIAN NAT RES LTD COM 136385101 168,787 12,480,138 SH   SOLE   12,480,138 0 0
CELESTICA INC SUB VTG SHS 15101Q108 72,809 20,978,413 SH   SOLE   20,978,413 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 11,024 5,200,000 SH   SOLE   5,200,000 0 0
CENOVUS ENERGY INC COM 15135U109 73,171 36,672,056 SH   SOLE   36,672,056 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 72,011 1,911,625 SH   SOLE   1,911,625 0 0
CIRRUS LOGIC INC COM 172755100 21,172 322,589 SH   SOLE   322,589 0 0
CISCO SYS INC COM 17275R102 63,594 1,617,750 SH   SOLE   1,617,750 0 0
CITIGROUP INC COM NEW 172967424 101,090 2,400,058 SH   SOLE   2,400,058 0 0
COMCAST CORP NEW CL A 20030N101 67,658 1,967,948 SH   SOLE   1,967,948 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 18,194 2,465,275 SH   SOLE   2,465,275 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 31,967 3,070,785 SH   SOLE   3,070,785 0 0
CONOCOPHILLIPS COM 20825C104 57,839 1,877,877 SH   SOLE   1,877,877 0 0
COPA HOLDINGS SA CL A P31076105 6,567 145,000 SH   SOLE   145,000 0 0
CREDICORP LTD COM G2519Y108 8,370 58,500 SH   SOLE   58,500 0 0
DEVON ENERGY CORP NEW COM 25179M103 12,265 1,775,010 SH   SOLE   1,775,010 0 0
DICKS SPORTING GOODS INC COM 253393102 37,366 1,757,593 SH   SOLE   1,757,593 0 0
DXC TECHNOLOGY CO COM 23355L106 7,112 544,960 SH   SOLE   544,960 0 0
EASTMAN CHEM CO COM 277432100 39,022 837,736 SH   SOLE   837,736 0 0
ENERPLUS CORP COM 292766102 8,491 5,838,636 SH   SOLE   5,838,636 0 0
ENI S P A SPONSORED ADR 26874R108 258 13,000 SH   SOLE   13,000 0 0
FACEBOOK INC CL A 30303M102 49,547 297,043 SH   SOLE   297,043 0 0
FEDEX CORP COM 31428X106 321 2,649 SH   SOLE   2,649 0 0
FLUOR CORP NEW COM 343412102 7,343 1,062,679 SH   SOLE   1,062,679 0 0
FORTIS INC COM 349553107 667 17,500 SH   SOLE   17,500 0 0
FREEPORT-MCMORAN INC CL B 35671D857 41,237 6,109,185 SH   SOLE   6,109,185 0 0
GENERAL ELECTRIC CO COM 369604103 65,628 8,265,550 SH   SOLE   8,265,550 0 0
GILEAD SCIENCES INC COM 375558103 115,819 1,549,212 SH   SOLE   1,549,212 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 29,412 776,258 SH   SOLE   776,258 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 12,857 2,209,070 SH   SOLE   2,209,070 0 0
HESS CORP COM 42809H107 35,610 1,069,380 SH   SOLE   1,069,380 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 18,442 1,899,277 SH   SOLE   1,899,277 0 0
HUDBAY MINERALS INC COM 443628102 68,279 36,535,762 SH   SOLE   36,535,762 0 0
ICICI BANK LIMITED ADR 45104G104 12,045 1,417,025 SH   SOLE   1,417,025 0 0
INFOSYS LTD SPONSORED ADR 456788108 1,501 182,825 SH   SOLE   182,825 0 0
ING GROEP N.V. SPONSORED ADR 456837103 910 176,662 SH   SOLE   176,662 0 0
INTEL CORP COM 458140100 94,577 1,747,542 SH   SOLE   1,747,542 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 64,538 581,789 SH   SOLE   581,789 0 0
INVESCO LTD SHS G491BT108 11,587 1,276,134 SH   SOLE   1,276,134 0 0
MAGNA INTL INC COM 559222401 155,680 4,933,943 SH   SOLE   4,933,943 0 0
MANULIFE FINL CORP COM 56501R106 246,487 19,854,958 SH   SOLE   19,854,958 0 0
MERCK & CO. INC COM 58933Y105 71,122 924,378 SH   SOLE   924,378 0 0
METLIFE INC COM 59156R108 400 13,099 SH   SOLE   13,099 0 0
NORBORD INC COM NEW 65548P403 58,880 5,033,443 SH   SOLE   5,033,443 0 0
NUTRIEN LTD COM 67077M108 193,194 5,715,689 SH   SOLE   5,715,689 0 0
ORACLE CORP COM 68389X105 58,549 1,211,441 SH   SOLE   1,211,441 0 0
OVINTIV INC COM 69047Q102 24,605 9,072,929 SH   SOLE   9,072,929 0 0
PFIZER INC COM 717081103 63,120 1,933,823 SH   SOLE   1,933,823 0 0
PRECISION DRILLING CORP COM 2010 74022D308 3,195 10,336,195 SH   SOLE   10,336,195 0 0
PRETIUM RES INC COM 74139C102 73,643 13,053,506 SH   SOLE   13,053,506 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 184,642 4,474,129 SH   SOLE   4,474,129 0 0
ROYAL BK CDA COM 780087102 229,798 3,752,239 SH   SOLE   3,752,239 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 317 9,715 SH   SOLE   9,715 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 85,974 2,464,147 SH   SOLE   2,464,147 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 30,007 335,719 SH   SOLE   335,719 0 0
SPIRIT AIRLS INC COM 848577102 14,407 1,117,695 SH   SOLE   1,117,695 0 0
STATE STR CORP COM 857477103 65,441 1,228,470 SH   SOLE   1,228,470 0 0
SUN LIFE FINL INC COM 866796105 156,300 4,914,269 SH   SOLE   4,914,269 0 0
SUNCOR ENERGY INC NEW COM 867224107 185,933 11,783,052 SH   SOLE   11,783,052 0 0
TC ENERGY CORP COM 87807B107 777 17,675 SH   SOLE   17,675 0 0
TECK RESOURCES LTD CL B 878742204 122,237 16,306,053 SH   SOLE   16,306,053 0 0
TELEFONICA S A SPONSORED ADR 879382208 100 21,810 SH   SOLE   21,810 0 0
TELUS CORPORATION COM 87971M103 239,226 15,303,467 SH   SOLE   15,303,467 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 32,725 2,272,575 SH   SOLE   2,272,575 0 0
TFI INTL INC COM 87241L109 204 9,367 SH   SOLE   9,367 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 257,247 6,119,876 SH   SOLE   6,119,876 0 0
TRUIST FINL CORP COM 89832Q109 31,906 1,034,571 SH   SOLE   1,034,571 0 0
UNITED PARCEL SERVICE INC CL B 911312106 53,465 572,311 SH   SOLE   572,311 0 0
UNITEDHEALTH GROUP INC COM 91324P102 461 1,850 SH   SOLE   1,850 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 163,068 3,034,948 SH   SOLE   3,034,948 0 0
VIACOMCBS INC CL B 92556H206 31,958 2,281,057 SH   SOLE   2,281,057 0 0
VISA INC COM CL A 92826C839 367 2,280 SH   SOLE   2,280 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 35,742 2,595,675 SH   SOLE   2,595,675 0 0
WALMART INC COM 931142103 75,927 668,256 SH   SOLE   668,256 0 0
WELLS FARGO CO NEW COM 949746101 34,995 1,219,347 SH   SOLE   1,219,347 0 0