Agf Investments 13F-HR Quarterly holdings report by institutional manager

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

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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
SPDR Materials Select Sector ETF	ETF	81369Y100	4,057	67,029	SH		OTR	1	0	67,029	0
SPDR Consumer Staples Select Sector ETF	ETF	81369Y308	41,914	736,761	SH		OTR	1	0	736,761	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	65,981	668,566	SH		OTR	1	0	668,566	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	4,025	55,706	SH		OTR	1	0	55,706	0
SPDR S&P Industrial Select Sector ETF	ETF	81369Y704	29,436	389,010	SH		OTR	1	0	389,010	0
Real Estate Select Sector SPDR Fund ETF	ETF	81369Y860	12,097	367,244	SH		OTR	1	0	0	0
SPDR S&P Utilities Select Sector ETF	ETF	81369Y886	3,691	70,065	SH		OTR	1	0	70,065	0
SPDR Health Care Select Sector ETF	ETF	81369Y209	539	6,519	SH		SOLE	NONE	6,519	0	0
SPDR Health Care Select Sector ETF	ETF	81369Y209	70,110	847,964	SH		OTR	1	0	847,964	0
SPDR Financial Select Sector ETF	ETF	81369Y605	542	19,453	SH		SOLE	NONE	19,453	0	0
SPDR Financial Select Sector ETF	ETF	81369Y605	66,347	2,377,142	SH		OTR	1	0	2,377,142	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	538	8,413	SH		SOLE	NONE	8,413	0	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	104,421	1,632,849	SH		OTR	1	0	1,632,849	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	49,015	284,262	SH		SOLE	NONE	284,262	0	0
Baidu Inc. ADR	ADR	056752108	3,982	17,000	SH		SOLE	NONE	1,700	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	16,821	381,436	SH		SOLE	NONE	47,680	0	0
Enel Americas SA ADR	ADR	29274F104	27	2,392	SH		SOLE	NONE	2,392	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	13,601	144,847	SH		SOLE	NONE	144,847	0	0
GW Pharmaceuticals PLC ADR	ADR	36197T103	1,345	10,189	SH		SOLE	NONE	10,189	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,057	10,400	SH		SOLE	NONE	10,400	0	0
JD.com Inc. ADR	ADR	47215P106	1,243	30,000	SH		SOLE	NONE	60,000	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	1,245	90,461	SH		SOLE	NONE	90,461	0	0
NetEase Inc. ADR	ADR	64110W102	2,368	6,862	SH		SOLE	NONE	171,550	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	900	87,509	SH		SOLE	NONE	87,509	0	0
Randgold Resources Ltd. ADR	ADR	752344309	9,088	91,899	SH		SOLE	NONE	91,899	0	0
Royal Dutch Shell PLC ADR	ADR	780259206	1,472	22,069	SH		SOLE	NONE	22,069	0	0
SAP SE ADR	ADR	803054204	1,722	15,327	SH		SOLE	NONE	15,327	0	0
Sociedad Quimica y Minera de Chile SA ADR	ADR	833635105	1,573	26,501	SH		SOLE	NONE	26,501	0	0
Sony Corp. ADR	ADR	835699307	2,198	48,890	SH		SOLE	NONE	489	0	0
Taiwan Semiconductor Manufacturing Co. Ltd. ADR	ADR	874039100	148	3,725	SH		SOLE	NONE	3,725	0	0
Tenaris SA ADR	ADR	88031M109	17,953	563,484	SH		SOLE	NONE	563,484	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	18,982	1,001,664	SH		SOLE	NONE	1,001,664	0	0
TOTAL SA ADR	ADR	89151E109	1,223	22,122	SH		SOLE	NONE	22,122	0	0
Vale SA ADR	ADR	91912E105	9,924	811,488	SH		SOLE	NONE	811,488	0	0
Weibo Corp. ADR	ADR	948596101	393	3,800	SH		SOLE	NONE	3,800	0	0
Logitech International SA	ADR	H50430232	1,026	30,494	SH		SOLE	NONE	30,494	0	0
B2Gold Corp.	CB	11777QAB6	159	150,000	SH		SOLE	NONE	150,000	0	0
Advanced Micro Devices Inc.	CCB	007903BD8	4,737	3,150,000	PRN		SOLE	NONE	3,150,000	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	7,993	7,825,000	PRN		SOLE	NONE	978,125	0	0
Ensco Jersey Finance Ltd.	CCB	29359WAB1	19,240	21,674,000	PRN		SOLE	NONE	21,674,000	0	0
GNC Holdings Inc.	CCB	36191GAB3	2,190	5,000,000	PRN		SOLE	NONE	5,000,000	0	0
General Cable Corp.	CCB	369300AL2	116	110,000	PRN		SOLE	NONE	110,000	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	CCB	41068XAB6	2,570	2,500,000	PRN		SOLE	NONE	2,500,000	0	0
Hologic Inc.	CCB	436440AC5	1,381	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Illumina Inc.	CCB	452327AH2	118	100,000	PRN		SOLE	NONE	100,000	0	0
Liberty Interactive LLC	CCB	530715AN1	309	550,000	PRN		SOLE	NONE	550,000	0	0
Microchip Technology Inc.	CCB	595017AD6	170	100,000	PRN		SOLE	NONE	100,000	0	0
Novellus Systems Inc.	CCB	670008AD3	110	20,000	PRN		SOLE	NONE	20,000	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	4,438	4,375,000	PRN		SOLE	NONE	4,375,000	0	0
Priceline Group Inc.	CCB	741503AX4	5,598	4,785,000	PRN		SOLE	NONE	4,785,000	0	0
ServiceNow Inc.	CCB	81762PAB8	264	150,000	PRN		SOLE	NONE	150,000	0	0
Silver Standard Resources Inc.	CCB	82823LAC0	156	160,000	PRN		SOLE	NONE	160,000	0	0
TAL Education Group	CCB	874080AB0	170	25,000	PRN		SOLE	NONE	8,333	0	0
Teradyne Inc.	CCB	880770AG7	143	100,000	PRN		SOLE	NONE	100,000	0	0
Tesla Inc.	CCB	88160RAD3	174	150,000	PRN		SOLE	NONE	150,000	0	0
Vector Group Ltd.	CCB	92240MBC1	230	200,000	PRN		SOLE	NONE	200,000	0	0
Anthem Inc.	CCB	94973VBG1	232	75,000	PRN		SOLE	NONE	75,000	0	0
Workday Inc.	CCB	98138HAD3	109	80,000	PRN		SOLE	NONE	80,000	0	0
Altaba Inc.	CCB	984332AF3	1,888	1,400,000	PRN		SOLE	NONE	1,400,000	0	0
AGCO Corp.	COM	001084102	104,705	1,465,842	SH		SOLE	NONE	1,465,842	0	0
AT&T Inc.	COM	00206R102	107,250	2,758,492	SH		SOLE	NONE	2,758,492	0	0
AbbVie Inc.	COM	00287Y109	143,647	1,485,339	SH		SOLE	NONE	1,485,339	0	0
Activision Blizzard Inc.	COM	00507V109	70,310	1,110,395	SH		SOLE	NONE	1,110,395	0	0
Acuity Brands Inc.	COM	00508Y102	422	2,400	SH		SOLE	NONE	2,400	0	0
Adobe Systems Inc.	COM	00724F101	70,517	402,403	SH		SOLE	NONE	402,403	0	0
Advantage Oil and Gas Ltd.	COM	00765F101	963	224,142	SH		SOLE	NONE	224,142	0	0
AdvanSix Inc.	COM	00773T101	2,875	68,337	SH		SOLE	NONE	68,337	0	0
Agnico Eagle Mines Ltd.	COM	008474108	41,314	894,749	SH		SOLE	NONE	894,749	0	0
Agrium Inc.	COM	008916108	82,349	716,020	SH		SOLE	NONE	716,020	0	0
Air Lease Corp.	COM	00912X302	4,809	100,000	SH		SOLE	NONE	100,000	0	0
Alamos Gold Inc.	COM	011532108	5,580	856,383	SH		SOLE	NONE	856,383	0	0
Alaska Air Group Inc.	COM	011659109	62,323	847,813	SH		SOLE	NONE	847,813	0	0
Albemarle Corp.	COM	012653101	78,102	610,698	SH		SOLE	NONE	610,698	0	0
Algonquin Power & Utilities Corp.	COM	015857105	26,155	2,338,302	SH		SOLE	NONE	2,338,302	0	0
Alio Gold Inc.	COM	01627X108	1,428	388,600	SH		SOLE	NONE	388,600	0	0
Altaba Inc.	COM	021346101	48,351	692,211	SH		SOLE	NONE	692,211	0	0
Altria Group Inc.	COM	02209S103	173,342	2,427,420	SH		SOLE	NONE	2,427,420	0	0
Amazon.com Inc.	COM	023135106	166,444	142,324	SH		SOLE	NONE	142,324	0	0
Amgen Inc.	COM	031162100	49,012	281,843	SH		SOLE	NONE	281,843	0	0
Amphenol Corp.	COM	032095101	71,190	810,823	SH		SOLE	NONE	810,823	0	0
Anadarko Petroleum Corp.	COM	032511107	2,636	49,141	SH		SOLE	NONE	49,141	0	0
Analog Devices Inc.	COM	032654105	23,940	268,895	SH		SOLE	NONE	268,895	0	0
Apple Inc.	COM	037833100	19,594	115,785	SH		SOLE	NONE	115,785	0	0
Asanko Gold Inc.	COM	04341Y105	2,896	4,089,934	SH		SOLE	NONE	4,089,934	0	0
Auryn Resources Inc.	COM	05208W108	467	283,400	SH		SOLE	NONE	283,400	0	0
BCE Inc.	COM	05534B760	59,401	1,236,627	SH		SOLE	NONE	1,236,627	0	0
Bank of America Corp.	COM	060505104	3,542	120,000	SH		SOLE	NONE	120,000	0	0
Bank of Montreal	COM	063671101	93,670	1,170,525	SH		SOLE	NONE	1,170,525	0	0
Bank of the Ozarks Inc.	COM	063904106	6,576	135,728	SH		SOLE	NONE	135,728	0	0
Bank of Nova Scotia	COM	064149107	87,841	1,361,153	SH		SOLE	NONE	1,361,153	0	0
Becton Dickinson and Co.	COM	075887109	450	2,100	SH		SOLE	NONE	2,100	0	0
Berkshire Hathaway Inc.	COM	084670702	21,732	109,637	SH		SOLE	NONE	11	0	0
Brighthouse Financial Inc.	COM	10922N103	6,686	114,012	SH		SOLE	NONE	114,012	0	0
Bristol-Myers Squibb Co.	COM	110122108	71,039	1,159,257	SH		SOLE	NONE	1,159,257	0	0
Brookfield Asset Management Inc.	COM	112585104	31,284	718,649	SH		SOLE	NONE	718,649	0	0
B2Gold Corp.	COM	11777Q209	4,442	1,439,114	SH		SOLE	NONE	1,439,114	0	0
CAE Inc.	COM	124765108	13,516	727,592	SH		SOLE	NONE	727,592	0	0
CME Group Inc.	COM	12572Q105	23,032	157,696	SH		SOLE	NONE	157,696	0	0
CRH Medical Corp.	COM	12626F105	209	79,467	SH		SOLE	NONE	79,467	0	0
CSX Corp.	COM	126408103	15,047	273,533	SH		SOLE	NONE	273,533	0	0
CVS Health Corp.	COM	126650100	23,092	318,514	SH		SOLE	NONE	318,514	0	0
Calavo Growers Inc.	COM	128246105	5,935	70,322	SH		SOLE	NONE	70,322	0	0
Callon Petroleum Co.	COM	13123X102	1,769	145,563	SH		SOLE	NONE	145,563	0	0
Canadian Imperial Bank of Commerce	COM	136069101	55,792	572,307	SH		SOLE	NONE	572,307	0	0
Canadian National Railway Co.	COM	136375102	101,067	1,225,674	SH		SOLE	NONE	1,225,674	0	0
Canadian Natural Resources Ltd.	COM	136385101	95,558	2,674,020	SH		SOLE	NONE	2,674,020	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	43,451	237,819	SH		SOLE	NONE	237,819	0	0
Caterpillar Inc.	COM	149123101	39,557	251,030	SH		SOLE	NONE	251,030	0	0
Centene Corp.	COM	15135B101	49,577	491,446	SH		SOLE	NONE	491,446	0	0
Cenovus Energy Inc.	COM	15135U109	409	44,815	SH		SOLE	NONE	44,815	0	0
Chevron Corp.	COM	166764100	8,717	69,629	SH		SOLE	NONE	69,629	0	0
Church & Dwight Co. Inc.	COM	171340102	10,235	204,001	SH		SOLE	NONE	204,001	0	0
Cimarex Energy Co.	COM	171798101	2,598	21,290	SH		SOLE	NONE	21,290	0	0
Cisco Systems Inc.	COM	17275R102	37,773	986,231	SH		SOLE	NONE	986,231	0	0
Citigroup Inc.	COM	172967424	521	7,000	SH		SOLE	NONE	7,000	0	0
The Coca-Cola Co.	COM	191216100	11,012	240,017	SH		SOLE	NONE	240,017	0	0
Coeur Mining Inc.	COM	192108504	2,201	293,400	SH		SOLE	NONE	293,400	0	0
Comcast Corp.	COM	20030N101	22,710	567,039	SH		SOLE	NONE	66,514	0	0
Concho Resources Inc.	COM	20605P101	85,608	569,884	SH		SOLE	NONE	569,884	0	0
Continental Resources Inc.	COM	212015101	3,948	74,539	SH		SOLE	NONE	74,539	0	0
Corning Inc.	COM	219350105	70,279	2,196,897	SH		SOLE	NONE	2,196,897	0	0
Costco Wholesale Corp.	COM	22160K105	88,789	477,052	SH		SOLE	NONE	477,052	0	0
Cott Corp.	COM	22163N106	4,066	243,618	SH		SOLE	NONE	243,618	0	0
Crescent Point Energy Corp.	COM	22576C101	240	31,494	SH		SOLE	NONE	31,494	0	0
Cummins Inc.	COM	231021106	1,335	7,558	SH		SOLE	NONE	7,558	0	0
Danaher Corp.	COM	235851102	24,105	259,699	SH		SOLE	NONE	259,699	0	0
The Descartes Systems Group Inc.	COM	249906108	8,957	315,014	SH		SOLE	NONE	315,014	0	0
Devon Energy Corp.	COM	25179M103	4,585	110,754	SH		SOLE	NONE	110,754	0	0
Diamondback Energy Inc.	COM	25278X109	4,419	35,000	SH		SOLE	NONE	35,000	0	0
The Walt Disney Co.	COM	254687106	23,277	216,506	SH		SOLE	NONE	216,506	0	0
Dollar General Corp.	COM	256677105	23,310	250,623	SH		SOLE	NONE	250,623	0	0
DowDuPont Inc.	COM	26078J100	22,254	312,468	SH		SOLE	NONE	312,468	0	0
Duke Energy Corp.	COM	26441C204	5,567	66,192	SH		SOLE	NONE	66,192	0	0
The Dun & Bradstreet Corp.	COM	26483E100	69,015	582,851	SH		SOLE	NONE	582,851	0	0
EOG Resources Inc.	COM	26875P101	3,797	35,187	SH		SOLE	NONE	35,187	0	0
E Trade Financial Corp.	COM	269246401	45,017	908,144	SH		SOLE	NONE	908,144	0	0
Eastman Chemical Co.	COM	277432100	2,492	26,902	SH		SOLE	NONE	26,902	0	0
Ecolab Inc.	COM	278865100	1,509	11,244	SH		SOLE	NONE	11,244	0	0
8x8 Inc.	COM	282914100	7,939	563,068	SH		SOLE	NONE	563,068	0	0
Emerson Electric Co.	COM	291011104	16,593	238,104	SH		SOLE	NONE	238,104	0	0
Encana Corp.	COM	292505104	9,643	722,800	SH		SOLE	NONE	722,800	0	0
Enbridge Inc.	COM	29250N105	80,288	2,052,941	SH		SOLE	NONE	2,052,941	0	0
Enerplus Corp.	COM	292766102	1,004	102,500	SH		SOLE	NONE	102,500	0	0
Evercore Inc.	COM	29977A105	7,679	85,318	SH		SOLE	NONE	85,318	0	0
Exelon Corp.	COM	30161N101	164	4,149	SH		SOLE	NONE	4,149	0	0
Express Scripts Holding Co.	COM	30219G108	17,170	230,044	SH		SOLE	NONE	230,044	0	0
Exxon Mobil Corp.	COM	30231G102	76,012	908,805	SH		SOLE	NONE	908,805	0	0
FedEx Corp.	COM	31428X106	99,659	399,369	SH		SOLE	NONE	399,369	0	0
First Republic Bank	COM	33616C100	13,060	150,733	SH		SOLE	NONE	150,733	0	0
First Solar Inc.	COM	336433107	353	5,232	SH		SOLE	NONE	5,232	0	0
Five Below Inc.	COM	33829M101	3,316	50,000	SH		SOLE	NONE	50,000	0	0
Foot Locker Inc.	COM	344849104	4,600	98,130	SH		SOLE	NONE	98,130	0	0
Fortis Inc.	COM	349553107	13,612	371,064	SH		SOLE	NONE	371,064	0	0
Fortune Brands Home & Security Inc.	COM	34964C106	34,577	505,212	SH		SOLE	NONE	505,212	0	0
Fortuna Silver Mines Inc.	COM	349915108	3,576	685,207	SH		SOLE	NONE	685,207	0	0
Franco-Nevada Corp.	COM	351858105	45,721	572,083	SH		SOLE	NONE	572,083	0	0
Gildan Activewear Inc.	COM	375916103	7,583	234,705	SH		SOLE	NONE	234,705	0	0
Gold Standard Ventures Corp.	COM	380738104	777	443,800	SH		SOLE	NONE	443,800	0	0
Goldcorp Inc.	COM	380956409	39,332	3,080,807	SH		SOLE	NONE	3,080,807	0	0
Golden Star Resources Ltd.	COM	38119T104	1,301	1,473,100	SH		SOLE	NONE	1,473,100	0	0
Granite Construction Inc.	COM	387328107	3,197	50,404	SH		SOLE	NONE	50,404	0	0
CGI Group Inc.	COM	39945C109	51,470	947,256	SH		SOLE	NONE	947,256	0	0
The Hain Celestial Group Inc.	COM	405217100	116	2,744	SH		SOLE	NONE	2,744	0	0
Halliburton Co.	COM	406216101	1,927	39,425	SH		SOLE	NONE	39,425	0	0
HealthEquity Inc.	COM	42226A107	6,752	144,700	SH		SOLE	NONE	144,700	0	0
HEICO Corp.	COM	422806109	5,897	62,500	SH		SOLE	NONE	62,500	0	0
Hess Corp.	COM	42809H107	635	13,367	SH		SOLE	NONE	13,367	0	0
The Home Depot Inc.	COM	437076102	30,289	159,813	SH		SOLE	NONE	159,813	0	0
Honeywell International Inc.	COM	438516106	322,560	2,103,287	SH		SOLE	NONE	2,103,287	0	0
Hudbay Minerals Inc.	COM	443628102	13,032	1,471,768	SH		SOLE	NONE	1,471,768	0	0
JB Hunt Transport Services Inc.	COM	445658107	30,935	269,049	SH		SOLE	NONE	269,049	0	0
Huntington Ingalls Industries Inc.	COM	446413106	33,597	142,540	SH		SOLE	NONE	142,540	0	0
Huntsman Corp.	COM	447011107	1,410	42,354	SH		SOLE	NONE	42,354	0	0
IDEXX Laboratories Inc.	COM	45168D104	887	5,669	SH		SOLE	NONE	5,669	0	0
Illumina Inc.	COM	452327109	79,571	364,188	SH		SOLE	NONE	364,188	0	0
Intel Corp.	COM	458140100	12,459	269,917	SH		SOLE	NONE	269,917	0	0
International Business Machines Corp.	COM	459200101	72,671	473,674	SH		SOLE	NONE	473,674	0	0
Intuitive Surgical Inc.	COM	46120E602	38,007	104,146	SH		SOLE	NONE	104,146	0	0
JPMorgan Chase & Co.	COM	46625H100	252,717	2,363,164	SH		SOLE	NONE	2,363,164	0	0
Johnson & Johnson	COM	478160104	28,769	205,908	SH		SOLE	NONE	205,908	0	0
j2 Global Inc.	COM	48123V102	16,566	220,787	SH		SOLE	NONE	220,787	0	0
Just Energy Group Inc.	COM	48213W101	4,203	978,350	SH		SOLE	NONE	978,350	0	0
Kinross Gold Corp.	COM	496902404	9,353	2,169,046	SH		SOLE	NONE	2,169,046	0	0
The Kraft Heinz Co.	COM	500754106	70,920	912,031	SH		SOLE	NONE	912,031	0	0
LKQ Corp.	COM	501889208	52,587	1,293,013	SH		SOLE	NONE	1,293,013	0	0
Las Vegas Sands Corp.	COM	517834107	1,251	18,000	SH		SOLE	NONE	18,000	0	0
Lennar Corp.	COM	526057104	1,423	22,500	SH		SOLE	NONE	22,500	0	0
Lennar Corp.	COM	526057302	23	450	SH		SOLE	NONE	4,500	0	0
Lincoln National Corp.	COM	534187109	20,913	272,060	SH		SOLE	NONE	272,060	0	0
Littelfuse Inc.	COM	537008104	12,268	62,015	SH		SOLE	NONE	62,015	0	0
Lockheed Martin Corp.	COM	539830109	36,100	112,445	SH		SOLE	NONE	112,445	0	0
Lululemon Athletica Inc.	COM	550021109	3,930	50,000	SH		SOLE	NONE	50,000	0	0
Macy's Inc.	COM	55616P104	3,401	135,000	SH		SOLE	NONE	135,000	0	0
MAG Silver Corp.	COM	55903Q104	3,484	282,207	SH		SOLE	NONE	282,207	0	0
Magna International Inc.	COM	559222401	11,089	195,657	SH		SOLE	NONE	195,657	0	0
Manulife Financial Corp.	COM	56501R106	112,142	5,376,163	SH		SOLE	NONE	5,376,163	0	0
Maxar Technologies Ltd.	COM	57778L103	18,768	291,534	SH		SOLE	NONE	291,534	0	0
McDonald's Corp.	COM	580135101	21,660	125,842	SH		SOLE	NONE	125,842	0	0
Methanex Corp.	COM	59151K108	25,308	417,697	SH		SOLE	NONE	417,697	0	0
MetLife Inc.	COM	59156R108	64,070	1,267,205	SH		SOLE	NONE	1,267,205	0	0
Microsoft Corp.	COM	594918104	39,948	467,005	SH		SOLE	NONE	467,005	0	0
Micron Technology Inc.	COM	595112103	33,950	825,627	SH		SOLE	NONE	825,627	0	0
Moelis & Co.	COM	60786M105	25,417	524,067	SH		SOLE	NONE	524,067	0	0
Mondelez International Inc.	COM	609207105	111,352	2,601,682	SH		SOLE	NONE	2,601,682	0	0
Monolithic Power Systems Inc.	COM	609839105	1,114	9,914	SH		SOLE	NONE	9,914	0	0
Moody's Corp.	COM	615369105	152,569	1,033,594	SH		SOLE	NONE	1,033,594	0	0
National General Holdings Corp.	COM	636220303	334	17,000	SH		SOLE	NONE	17,000	0	0
Netflix Inc.	COM	64110L106	81,243	423,230	SH		SOLE	NONE	423,230	0	0
Nevsun Resources Ltd.	COM	64156L101	2,071	850,614	SH		SOLE	NONE	850,614	0	0
Newmont Mining Corp.	COM	651639106	6,277	167,300	SH		SOLE	NONE	167,300	0	0
NextEra Energy Inc.	COM	65339F101	640	4,100	SH		SOLE	NONE	4,100	0	0
Noble Energy Inc.	COM	655044105	656	22,509	SH		SOLE	NONE	22,509	0	0
Northrop Grumman Corp.	COM	666807102	192,716	627,923	SH		SOLE	NONE	627,923	0	0
NVIDIA Corp.	COM	67066G104	136,823	707,096	SH		SOLE	NONE	707,096	0	0
Old Dominion Freight Line Inc.	COM	679580100	30,850	234,512	SH		SOLE	NONE	234,512	0	0
Omnicom Group Inc.	COM	681919106	102,986	1,414,064	SH		SOLE	NONE	1,414,064	0	0
ON Semiconductor Corp.	COM	682189105	474	22,615	SH		SOLE	NONE	22,615	0	0
Open Text Corp.	COM	683715106	37,541	1,055,451	SH		SOLE	NONE	1,055,451	0	0
Oracle Corp.	COM	68389X105	22,724	480,630	SH		SOLE	NONE	480,630	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	1,655	143,274	SH		SOLE	NONE	143,274	0	0
PDC Energy Inc.	COM	69327R101	1,366	26,496	SH		SOLE	NONE	26,496	0	0
Pan American Silver Corp.	COM	697900108	2,074	133,300	SH		SOLE	NONE	133,300	0	0
Parsley Energy Inc.	COM	701877102	4,187	142,238	SH		SOLE	NONE	142,238	0	0
Pattern Energy Group Inc.	COM	70338P100	574	26,725	SH		SOLE	NONE	26,725	0	0
PayPal Holdings Inc.	COM	70450Y103	57,532	781,472	SH		SOLE	NONE	781,472	0	0
Pembina Pipeline Corp.	COM	706327103	7,935	219,175	SH		SOLE	NONE	219,175	0	0
Pengrowth Energy Corp.	COM	70706P104	56	70,590	SH		SOLE	NONE	70,590	0	0
PepsiCo Inc.	COM	713448108	23,852	198,902	SH		SOLE	NONE	198,902	0	0
Pfizer Inc.	COM	717081103	31,416	867,363	SH		SOLE	NONE	867,363	0	0
Philip Morris International Inc.	COM	718172109	174,784	1,654,366	SH		SOLE	NONE	1,654,366	0	0
Polaris Industries Inc.	COM	731068102	9,948	80,229	SH		SOLE	NONE	80,229	0	0
Precision Drilling Corp.	COM	74022D308	6,649	2,193,691	SH		SOLE	NONE	2,193,691	0	0
Pretium Resources Inc.	COM	74139C102	1,711	150,000	SH		SOLE	NONE	150,000	0	0
T Rowe Price Group Inc.	COM	74144T108	37,809	360,322	SH		SOLE	NONE	360,322	0	0
Primerica Inc.	COM	74164M108	69,976	689,082	SH		SOLE	NONE	689,082	0	0
The Procter & Gamble Co.	COM	742718109	32,729	356,215	SH		SOLE	NONE	356,215	0	0
Raymond James Financial Inc.	COM	754730109	111,106	1,244,190	SH		SOLE	NONE	1,244,190	0	0
Restaurant Brands International Inc.	COM	76131D103	33,883	551,204	SH		SOLE	NONE	551,204	0	0
Ring Energy Inc.	COM	76680V108	4,736	340,720	SH		SOLE	NONE	340,720	0	0
Roper Technologies Inc.	COM	776696106	1,740	6,717	SH		SOLE	NONE	6,717	0	0
Royal Bank of Canada	COM	780087102	136,184	1,667,638	SH		SOLE	NONE	1,667,638	0	0
SSR Mining Inc.	COM	784730103	4,220	479,200	SH		SOLE	NONE	479,200	0	0
Sandstorm Gold Ltd.	COM	80013R206	2,304	461,100	SH		SOLE	NONE	461,100	0	0
The Charles Schwab Corp.	COM	808513105	88,097	1,714,959	SH		SOLE	NONE	1,714,959	0	0
Shaw Communications Inc.	COM	82028K200	26,680	1,168,933	SH		SOLE	NONE	0	0	0
The Sherwin-Williams Co.	COM	824348106	58,903	143,653	SH		SOLE	NONE	143,653	0	0
Shopify Inc.	COM	82509L107	8,640	85,547	SH		SOLE	NONE	85,547	0	0
Siteone Landscape Supply	COM	82982L103	3,835	50,000	SH		SOLE	NONE	50,000	0	0
Skechers U.S.A. Inc.	COM	830566105	3,784	100,000	SH		SOLE	NONE	100,000	0	0
AO Smith Corp.	COM	831865209	2,329	38,007	SH		SOLE	NONE	3,801	0	0
Solitario Zinc Corp.	COM	8342EP107	67	111,630	SH		SOLE	NONE	111,630	0	0
Southern Copper Corp.	COM	84265V105	10,793	227,471	SH		SOLE	NONE	227,471	0	0
Sprouts Farmers Market Inc.	COM	85208M102	824	33,824	SH		SOLE	NONE	33,824	0	0
Square Inc.	COM	852234103	7,668	221,157	SH		SOLE	NONE	221,157	0	0
Stantec Inc.	COM	85472N109	9,231	330,007	SH		SOLE	NONE	330,007	0	0
Stryker Corp.	COM	863667101	495	3,200	SH		SOLE	NONE	3,200	0	0
Sun Life Financial Inc.	COM	866796105	69,688	1,688,459	SH		SOLE	NONE	1,688,459	0	0
Suncor Energy Inc.	COM	867224107	105,527	2,874,264	SH		SOLE	NONE	2,874,264	0	0
Synchrony Financial	COM	87165B103	31,696	820,938	SH		SOLE	NONE	820,938	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	85,118	1,664,737	SH		SOLE	NONE	1,664,737	0	0
The TJX Companies Inc.	COM	872540109	45,354	593,168	SH		SOLE	NONE	593,168	0	0
T-Mobile US Inc.	COM	872590104	97,337	1,532,632	SH		SOLE	NONE	1,532,632	0	0
Tahoe Resources Inc.	COM	873868103	3,842	800,890	SH		SOLE	NONE	800,890	0	0
Teck Resources Ltd.	COM	878742204	24,427	934,136	SH		SOLE	NONE	934,136	0	0
TELUS Corp.	COM	87971M103	52,830	1,394,531	SH		SOLE	NONE	1,394,531	0	0
Thermo Fisher Scientific Inc.	COM	883556102	22,036	116,053	SH		SOLE	NONE	116,053	0	0
Thomson Reuters Corp.	COM	884903105	3,779	86,700	SH		SOLE	NONE	86,700	0	0
3M Co.	COM	88579Y101	82,713	351,417	SH		SOLE	NONE	351,417	0	0
Tiffany & Co.	COM	886547108	15,701	151,041	SH		SOLE	NONE	151,041	0	0
Toronto-Dominion Bank	COM	891160509	78,227	1,335,122	SH		SOLE	NONE	1,335,122	0	0
TransCanada Corp.	COM	89353D107	17,746	364,601	SH		SOLE	NONE	364,601	0	0
Trex Co. Inc.	COM	89531P105	1,670	15,410	SH		SOLE	NONE	15,410	0	0
Trimble Inc.	COM	896239100	1,477	36,344	SH		SOLE	NONE	36,344	0	0
2U Inc.	COM	90214J101	6,451	100,000	SH		SOLE	NONE	100,000	0	0
US Bancorp	COM	902973304	24,759	462,090	SH		SOLE	NONE	462,090	0	0
US Concrete Inc.	COM	90333L201	9,706	116,035	SH		SOLE	NONE	116,035	0	0
Us Silica Holdings Inc.	COM	90346E103	7,414	227,700	SH		SOLE	NONE	227,700	0	0
United Rentals Inc.	COM	911363109	72,614	422,396	SH		SOLE	NONE	422,396	0	0
United Technologies Corp.	COM	913017109	23,407	183,482	SH		SOLE	NONE	183,482	0	0
UnitedHealth Group Inc.	COM	91324P102	50,253	227,948	SH		SOLE	NONE	227,948	0	0
Universal Display Corp.	COM	91347P105	10,288	59,587	SH		SOLE	NONE	59,587	0	0
Unum Group	COM	91529Y106	68,852	1,254,359	SH		SOLE	NONE	1,254,359	0	0
Valero Energy Corp.	COM	91913Y100	6,800	73,981	SH		SOLE	NONE	73,981	0	0
Vantiv Inc.	COM	92210H105	46,938	638,176	SH		SOLE	NONE	638,176	0	0
Verizon Communications Inc.	COM	92343V104	5,543	104,715	SH		SOLE	NONE	104,715	0	0
Vermilion Energy Inc.	COM	923725105	32,613	897,437	SH		SOLE	NONE	897,437	0	0
Visa Inc.	COM	92826C839	30,283	265,590	SH		SOLE	NONE	265,590	0	0
Vulcan Materials Co.	COM	929160109	54,456	424,208	SH		SOLE	NONE	424,208	0	0
WEC Energy Group Inc.	COM	92939U106	332	5,000	SH		SOLE	NONE	5,000	0	0
Wabtec Corp.	COM	929740108	623	7,647	SH		SOLE	NONE	7,647	0	0
Wal-Mart Stores Inc.	COM	931142103	22,452	227,358	SH		SOLE	NONE	227,358	0	0
Waste Connections Inc.	COM	94106B101	4,576	64,504	SH		SOLE	NONE	64,504	0	0
Waste Management Inc.	COM	94106L109	225,496	2,612,926	SH		SOLE	NONE	2,612,926	0	0
Wells Fargo & Company	COM	949746101	27,619	455,233	SH		SOLE	NONE	455,233	0	0
West Pharmaceutical Services Inc.	COM	955306105	18,324	185,715	SH		SOLE	NONE	185,715	0	0
Western Copper And Gold Corp.	COM	95805V108	69	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	59,454	747,567	SH		SOLE	NONE	747,567	0	0
Westrock Co.	COM	96145D105	20,973	331,798	SH		SOLE	NONE	331,798	0	0
Wheaton Precious Metals Corp.	COM	962879102	10,787	487,916	SH		SOLE	NONE	487,916	0	0
The Williams Cos. Inc.	COM	969457100	32,779	1,075,090	SH		SOLE	NONE	1,075,090	0	0
WisdomTree Investments Inc.	COM	97717P104	9,197	732,807	SH		SOLE	NONE	732,807	0	0
Workday Inc.	COM	98138H101	66,538	654,005	SH		SOLE	NONE	654,005	0	0
WPX Energy Inc.	COM	98212B103	19,501	1,386,001	SH		SOLE	NONE	1,386,001	0	0
Xilinx Inc.	COM	983919101	7,819	115,975	SH		SOLE	NONE	115,975	0	0
Xplore Technologies Corp.	COM	983950700	4	1,285	SH		SOLE	NONE	1,285	0	0
Xylem Inc.	COM	98419M100	2,720	39,876	SH		SOLE	NONE	39,876	0	0
Zoetis Inc.	COM	98978V103	10,226	141,952	SH		SOLE	NONE	141,952	0	0
Atlassian Corp. PLC	COM	G06242104	698	15,331	SH		SOLE	NONE	15,331	0	0
Accenture PLC	COM	G1151C101	24,817	162,108	SH		SOLE	NONE	162,108	0	0
Credicorp Ltd.	COM	G2519Y108	11,564	55,748	SH		SOLE	NONE	55,748	0	0
Delphi Technologies PLC	COM	G2709G107	255	4,868	SH		SOLE	NONE	4,868	0	0
Ensco PLC	COM	G3157S106	10,243	1,733,177	SH		SOLE	NONE	1,733,177	0	0
Invesco Ltd.	COM	G491BT108	60,407	1,653,164	SH		SOLE	NONE	1,653,164	0	0
Johnson Controls International PLC	COM	G51502105	820	21,505	SH		SOLE	NONE	21,505	0	0
Lazard Ltd.	COM	G54050102	3,789	72,162	SH		SOLE	NONE	72,162	0	0
Medtronic Inc.	COM	G5960L103	1,279	15,840	SH		SOLE	NONE	15,840	0	0
Aptiv PLC	COM	G6095L109	1,239	14,604	SH		SOLE	NONE	14,604	0	0
Chubb Ltd.	COM	H1467J104	208,308	1,425,501	SH		SOLE	NONE	1,425,501	0	0
Orbotech Ltd.	COM	M75253100	781	15,540	SH		SOLE	NONE	15,540	0	0
Interxion Holding NV	COM	N47279109	8,573	145,481	SH		SOLE	NONE	145,481	0	0
Broadcom Ltd.	COM	Y09827109	90,593	352,640	SH		SOLE	NONE	352,640	0	0
Anthem Inc.	CPFD	036752202	5,872	104,850	SH		SOLE	NONE	104,850	0	0
Bank Of America Corp.	CPFD	060505682	208	158	SH		SOLE	NONE	158	0	0
Wells Fargo & Co.	CPFD	949746804	138	105	SH		SOLE	NONE	105	0	0
Welltower Inc.	CPFD	95040Q203	58	961	SH		SOLE	NONE	961	0	0
iShares MSCI Austria ETF	ETF	464286202	9,917	402,476	SH		SOLE	NONE	402,476	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	3	56	SH		SOLE	NONE	56	0	0
iShares MSCI Thailand ETF	ETF	464286624	39,478	426,785	SH		SOLE	NONE	426,785	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	2	46	SH		SOLE	NONE	46	0	0
iShares MSCI Spain ETF	ETF	464286764	7,848	239,473	SH		SOLE	NONE	239,473	0	0
iShares MSCI South Korea ETF	ETF	464286772	40,623	542,146	SH		SOLE	NONE	542,146	0	0
iShares MSCI South Africa ETF	ETF	464286780	19,410	277,330	SH		SOLE	NONE	277,330	0	0
iShares S&P 500 ETF	ETF	464287200	73,082	271,833	SH		SOLE	NONE	271,833	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	1,462	13,372	SH		SOLE	NONE	13,372	0	0
iShares International Treasury Bond ETF	ETF	464288117	1,505	30,141	SH		SOLE	NONE	30,141	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	2,074	17,865	SH		SOLE	NONE	17,865	0	0
Ishares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	7	78	SH		SOLE	NONE	78	0	0
iShares Intermediate Government/Credit Bond ETF	ETF	464288612	1,016	9,255	SH		SOLE	NONE	9,255	0	0
iShares MSCI EAFE Growth ETF	ETF	464288885	22,116	273,919	SH		SOLE	NONE	273,919	0	0
iShares MSCI India ETF	ETF	46429B598	10,087	279,639	SH		SOLE	NONE	279,639	0	0
iShares MSCI China ETF	ETF	46429B671	99,994	1,502,767	SH		SOLE	NONE	1,502,767	0	0
iShares Edge MSCI Minimum Volatility EAFE ETF	ETF	46429B689	1,045	14,321	SH		SOLE	NONE	14,321	0	0
iShares Edge MSCI Minimum Volatility USA ETF	ETF	46429B697	1,216	23,034	SH		SOLE	NONE	23,034	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	2,672	40,434	SH		SOLE	NONE	40,434	0	0
iShares MSCI Singapore ETF	ETF	46434G780	20,864	804,638	SH		SOLE	NONE	804,638	0	0
iShares MSCI Japan ETF	ETF	46434G822	215,636	3,598,127	SH		SOLE	NONE	3,598,127	0	0
iShares MSCI Italy ETF	ETF	46434G830	55,842	1,834,482	SH		SOLE	NONE	1,834,482	0	0
iShares Core Total USD Bond Market ETF	ETF	46434V613	1,461	28,725	SH		SOLE	NONE	28,725	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	2,721	10,198	SH		SOLE	NONE	10,198	0	0
SPDR Barclays International Corporate Bond ETF	ETF	78464A151	1,218	34,479	SH		SOLE	NONE	34,479	0	0
SPDR Barclays Capital Emerging Markets Debt Local ETF	ETF	78464A391	915	30,842	SH		SOLE	NONE	30,842	0	0
SPDR Barclays High Yield Bond ETF	ETF	78464A417	820	22,329	SH		SOLE	NONE	22,329	0	0
SPDR Barclays International Treasury Bond ETF	ETF	78464A516	2,527	88,888	SH		SOLE	NONE	88,888	0	0
SPDR Portfolio Long Term Treasury ETF	ETF	78464A664	363	9,914	SH		SOLE	NONE	9,914	0	0
SPDR S&P Oil & Gas Exploration & Production ETF	ETF	78464A730	8,366	225,000	SH		SOLE	NONE	225,000	0	0
SPDR Barclays Capital 1-3 Month T-Bill ETF	ETF	78468R663	729	7,979	SH		SOLE	NONE	7,979	0	0
Vaneck Vectors JP Morgan Emerging Markets Local Currency Bond ETF	ETF	92189F494	1,741	91,750	SH		SOLE	NONE	91,750	0	0
Vanguard Mega Cap ETF	ETF	921910873	6,659	72,543	SH		SOLE	NONE	0	0	0
Vanguard Total Bond Market ETF	ETF	921937835	7,198	88,238	SH		SOLE	NONE	88,238	0	0
Vanguard Total International Bond ETF	ETF	92203J407	18	322	SH		SOLE	NONE	0	0	0
Vanguard FTSE All-World ex-US ETF	ETF	922042775	1,828	33,407	SH		SOLE	NONE	33,407	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	1,503	32,743	SH		SOLE	NONE	32,743	0	0
Vanguard FTSE Pacific ETF	ETF	922042866	544	7,465	SH		SOLE	NONE	7,465	0	0
Vanguard FTSE Europe ETF	ETF	922042874	377	6,379	SH		SOLE	NONE	6,379	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	3,639	41,644	SH		SOLE	NONE	41,644	0	0
Vanguard REIT ETF	ETF	922908553	353	4,254	SH		SOLE	NONE	4,254	0	0
Vanguard Small Cap ETF	ETF	922908751	544	3,684	SH		SOLE	NONE	0	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	32,796	731,200	SH		SOLE	NONE	731,200	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	1,469	42,163	SH		SOLE	NONE	42,163	0	0
Central Fund of Canada Ltd.	MFC	153501101	3,172	236,700	SH		SOLE	NONE	44,700	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,747	47,450	SH		SOLE	NONE	47,450	0	0
Wpx Energy Inc. Preferred	PFD	98212B202	309	5,000	SH		SOLE	NONE	5,000	0	0
CyrusOne Inc. REIT	REIT	23283R100	4,167	70,000	SH		SOLE	NONE	70,000	0	0
Equinix Inc. REIT	REIT	29444U700	39,389	86,910	SH		SOLE	NONE	86,910	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	491	20,419	SH		SOLE	NONE	20,419	0	0
Invitation Homes Inc. REIT	REIT	46187W107	2,828	120,000	SH		SOLE	NONE	120,000	0	0
National Retail Properties Inc. REIT	REIT	637417106	32,593	755,688	SH		SOLE	NONE	755,688	0	0