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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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
SPDR Materials Select Sector ETF	ETF	81369Y100	11,251	197,591	SH		OTR	1	0	197,591	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	33,527	411,879	SH		OTR	1	0	411,879	0
SPDR Consumer Staples Select Sector ETF	ETF	81369Y308	26,563	504,708	SH		OTR	1	0	504,708	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	25,709	253,815	SH		OTR	1	0	253,815	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	2,036	30,208	SH		OTR	1	0	30,208	0
Real Estate Select Sector SPDR Fund ETF	ETF	81369Y860	4,650	149,628	SH		OTR	1	0	0	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	17,452	345,387	SH		OTR	1	0	345,387	0
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	ETF	78468R663	1,693	18,492	SH		SOLE	NONE	18,492	0	0
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	ETF	78468R663	201,598	2,202,052	SH		OTR	1	0	2,202,052	0
Financial Select Sector SPDR ETF	ETF	81369Y605	428	15,552	SH		SOLE	NONE	15,552	0	0
Financial Select Sector SPDR ETF	ETF	81369Y605	24,879	902,384	SH		OTR	1	0	902,384	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	428	5,769	SH		SOLE	NONE	5,769	0	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	14,590	196,383	SH		OTR	1	0	196,383	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	426	6,511	SH		SOLE	NONE	6,511	0	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	41,787	638,743	SH		OTR	1	0	638,743	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	63,681	346,960	SH		SOLE	NONE	346,960	0	0
Azul SA ADR	ADR	05501U106	2,128	61,227	SH		SOLE	NONE	61,227	0	0
Baidu Inc. ADR	ADR	056752108	3,794	17,000	SH		SOLE	NONE	1,700	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	20,541	440,615	SH		SOLE	NONE	55,077	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	15,785	172,646	SH		SOLE	NONE	172,646	0	0
GW Pharmaceuticals PLC ADR	ADR	36197T103	575	5,102	SH		SOLE	NONE	5,102	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,047	10,600	SH		SOLE	NONE	10,600	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	1,095	90,461	SH		SOLE	NONE	90,461	0	0
Logitech International SA	ADR	H50430232	1,120	30,494	SH		SOLE	NONE	30,494	0	0
NetEase Inc. ADR	ADR	64110W102	1,823	6,500	SH		SOLE	NONE	162,500	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	1,223	86,495	SH		SOLE	NONE	86,495	0	0
Randgold Resources Ltd. ADR	ADR	752344309	8,590	103,192	SH		SOLE	NONE	103,192	0	0
Royal Dutch Shell PLC ADR	ADR	780259206	1,408	22,069	SH		SOLE	NONE	22,069	0	0
Sociedad Quimica y Minera de Chile SA ADR	ADR	833635105	1,303	26,501	SH		SOLE	NONE	26,501	0	0
Sony Corp. ADR	ADR	835699307	2,363	48,890	SH		SOLE	NONE	489	0	0
TOTAL SA ADR	ADR	89151E109	1,276	22,122	SH		SOLE	NONE	22,122	0	0
Taiwan Semiconductor Manufacturing Co. Ltd. ADR	ADR	874039100	151	3,451	SH		SOLE	NONE	3,451	0	0
Tenaris SA ADR	ADR	88031M109	17,530	505,618	SH		SOLE	NONE	505,618	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	17,410	1,018,729	SH		SOLE	NONE	1,018,729	0	0
Vale SA ADR	ADR	91912E105	11,385	895,086	SH		SOLE	NONE	895,086	0	0
Weibo Corp. ADR	ADR	948596101	717	6,000	SH		SOLE	NONE	6,000	0	0
B2Gold Corp.	CB	11777QAB6	151	150,000	PRN		SOLE	NONE	150,000	0	0
Advanced Micro Devices Inc.	CCB	007903BD8	4,133	2,825,000	PRN		SOLE	NONE	2,825,000	0	0
Altaba Inc.	CCB	984332AF3	1,739	1,245,000	PRN		SOLE	NONE	1,245,000	0	0
Anthem Inc.	CCB	94973VBG1	227	75,000	PRN		SOLE	NONE	75,000	0	0
BlackBerry Ltd.	CCB	09228FAF0	163	125,000	PRN		SOLE	NONE	125,000	0	0
Booking Holdings Inc.	CCB	741503AX4	5,629	4,510,000	PRN		SOLE	NONE	4,510,000	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	7,179	6,910,000	PRN		SOLE	NONE	863,750	0	0
Ensco Jersey Finance Ltd.	CCB	29359WAB1	17,033	21,324,000	PRN		SOLE	NONE	21,324,000	0	0
GNC Holdings Inc.	CCB	36191GAB3	2,983	4,267,000	PRN		SOLE	NONE	4,267,000	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	2,150	2,250,000	PRN		SOLE	NONE	2,250,000	0	0
Illumina Inc.	CCB	452327AH2	122	100,000	PRN		SOLE	NONE	100,000	0	0
Liberty Interactive LLC	CCB	530715AN1	326	550,000	PRN		SOLE	NONE	550,000	0	0
Novellus Systems Inc.	CCB	670008AD3	121	20,000	PRN		SOLE	NONE	20,000	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	7,523	7,625,000	PRN		SOLE	NONE	7,625,000	0	0
ServiceNow Inc.	CCB	81762PAB8	335	150,000	PRN		SOLE	NONE	150,000	0	0
Square Inc.	CCB	852234AB9	1,411	645,000	PRN		SOLE	NONE	645,000	0	0
Starwood Property Trust Inc.	CCB	85571BAB1	6,915	6,425,000	PRN		SOLE	NONE	6,425,000	0	0
TAL Education Group	CCB	874080AB0	212	25,000	PRN		SOLE	NONE	8,333	0	0
Teradyne Inc.	CCB	880770AG7	152	100,000	PRN		SOLE	NONE	100,000	0	0
Tesla Inc.	CCB	88160RAD3	156	150,000	PRN		SOLE	NONE	150,000	0	0
Vector Group Ltd.	CCB	92240MBC1	219	200,000	PRN		SOLE	NONE	200,000	0	0
Workday Inc.	CCB	98138HAD3	129	80,000	PRN		SOLE	NONE	80,000	0	0
2U Inc.	COM	90214J101	8,403	100,000	SH		SOLE	NONE	100,000	0	0
3M Co.	COM	88579Y101	64,061	291,825	SH		SOLE	NONE	291,825	0	0
8x8 Inc.	COM	282914100	10,501	563,068	SH		SOLE	NONE	563,068	0	0
AGCO Corp.	COM	001084102	96,550	1,488,820	SH		SOLE	NONE	1,488,820	0	0
AO Smith Corp.	COM	831865209	4,331	68,107	SH		SOLE	NONE	6,811	0	0
AT&T Inc.	COM	00206R102	101,671	2,851,928	SH		SOLE	NONE	2,851,928	0	0
AbbVie Inc.	COM	00287Y109	143,427	1,515,337	SH		SOLE	NONE	1,515,337	0	0
Accenture PLC	COM	G1151C101	18,463	120,283	SH		SOLE	NONE	120,283	0	0
Activision Blizzard Inc.	COM	00507V109	71,019	1,052,764	SH		SOLE	NONE	1,052,764	0	0
Acuity Brands Inc.	COM	00508Y102	216	1,549	SH		SOLE	NONE	1,549	0	0
Adobe Systems Inc.	COM	00724F101	80,804	373,952	SH		SOLE	NONE	373,952	0	0
AdvanSix Inc.	COM	00773T101	2,429	69,830	SH		SOLE	NONE	69,830	0	0
Aflac Inc.	COM	001055102	33,065	755,600	SH		SOLE	NONE	755,600	0	0
Agnico Eagle Mines Ltd.	COM	008474108	28,817	684,978	SH		SOLE	NONE	684,978	0	0
Air Lease Corp.	COM	00912X302	4,262	100,000	SH		SOLE	NONE	100,000	0	0
Alamos Gold Inc.	COM	011532108	2,478	476,583	SH		SOLE	NONE	476,583	0	0
Alaska Air Group Inc.	COM	011659109	48,928	789,674	SH		SOLE	NONE	789,674	0	0
Albemarle Corp.	COM	012653101	971	10,467	SH		SOLE	NONE	10,467	0	0
Algonquin Power & Utilities Corp.	COM	015857105	14,181	1,430,661	SH		SOLE	NONE	1,430,661	0	0
Alio Gold Inc.	COM	01627X108	823	422,300	SH		SOLE	NONE	422,300	0	0
Alphabet Inc.	COM	02079K107	22,337	21,649	SH		SOLE	NONE	0	0	0
Altaba Inc.	COM	021346101	70,872	957,208	SH		SOLE	NONE	957,208	0	0
Altria Group Inc.	COM	02209S103	143,942	2,309,720	SH		SOLE	NONE	2,309,720	0	0
Amazon.com Inc.	COM	023135106	178,671	123,448	SH		SOLE	NONE	123,448	0	0
Amgen Inc.	COM	031162100	44,615	261,705	SH		SOLE	NONE	261,705	0	0
Amphenol Corp.	COM	032095101	2,784	32,325	SH		SOLE	NONE	32,325	0	0
Anadarko Petroleum Corp.	COM	032511107	58,998	976,622	SH		SOLE	NONE	976,622	0	0
Analog Devices Inc.	COM	032654105	23,786	261,013	SH		SOLE	NONE	261,013	0	0
Apple Inc.	COM	037833100	23,132	137,874	SH		SOLE	NONE	137,874	0	0
Aptiv PLC	COM	G6095L109	2,883	33,932	SH		SOLE	NONE	33,932	0	0
Asanko Gold Inc.	COM	04341Y105	2,127	2,107,820	SH		SOLE	NONE	2,107,820	0	0
Atlassian Corp. PLC	COM	G06242104	827	15,331	SH		SOLE	NONE	15,331	0	0
Auryn Resources Inc.	COM	05208W108	374	283,400	SH		SOLE	NONE	283,400	0	0
B2Gold Corp.	COM	11777Q209	4,038	1,473,614	SH		SOLE	NONE	1,473,614	0	0
BCE Inc.	COM	05534B760	19,917	462,844	SH		SOLE	NONE	462,844	0	0
Bank of America Corp.	COM	060505104	14,778	492,763	SH		SOLE	NONE	492,763	0	0
Bank of Montreal	COM	063671101	54,787	725,285	SH		SOLE	NONE	725,285	0	0
Bank of Nova Scotia	COM	064149107	79,054	1,283,387	SH		SOLE	NONE	1,283,387	0	0
Bank of the Ozarks Inc.	COM	063904106	8,717	180,581	SH		SOLE	NONE	180,581	0	0
Becton Dickinson and Co.	COM	075887109	455	2,100	SH		SOLE	NONE	2,100	0	0
Berkshire Hathaway Inc.	COM	084670702	21,870	109,637	SH		SOLE	NONE	11	0	0
Booking Holdings Inc.	COM	09857L108	49,449	23,769	SH		SOLE	NONE	23,769	0	0
Brighthouse Financial Inc.	COM	10922N103	5,973	116,204	SH		SOLE	NONE	116,204	0	0
Bristol-Myers Squibb Co.	COM	110122108	74,619	1,179,744	SH		SOLE	NONE	1,179,744	0	0
Broadcom Ltd.	COM	Y09827109	38,861	164,909	SH		SOLE	NONE	164,909	0	0
Brookfield Asset Management Inc.	COM	112585104	45,369	1,163,898	SH		SOLE	NONE	1,163,898	0	0
CAE Inc.	COM	124765108	12,865	691,208	SH		SOLE	NONE	691,208	0	0
CGI Group Inc.	COM	39945C109	32,378	561,427	SH		SOLE	NONE	561,427	0	0
CME Group Inc.	COM	12572Q105	21,276	131,544	SH		SOLE	NONE	131,544	0	0
CRH Medical Corp.	COM	12626F105	29	11,369	SH		SOLE	NONE	11,369	0	0
CVS Health Corp.	COM	126650100	20,188	324,514	SH		SOLE	NONE	324,514	0	0
Calavo Growers Inc.	COM	128246105	5,562	60,322	SH		SOLE	NONE	60,322	0	0
Callon Petroleum Co.	COM	13123X102	2,254	170,241	SH		SOLE	NONE	170,241	0	0
Canadian National Railway Co.	COM	136375102	53,879	737,206	SH		SOLE	NONE	737,206	0	0
Canadian Natural Resources Ltd.	COM	136385101	71,955	2,288,978	SH		SOLE	NONE	2,288,978	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	36,499	206,972	SH		SOLE	NONE	206,972	0	0
Caterpillar Inc.	COM	149123101	35,635	241,792	SH		SOLE	NONE	241,792	0	0
Cenovus Energy Inc.	COM	15135U109	382	44,815	SH		SOLE	NONE	44,815	0	0
Centene Corp.	COM	15135B101	73,964	692,095	SH		SOLE	NONE	692,095	0	0
Chevron Corp.	COM	166764100	9,146	80,202	SH		SOLE	NONE	80,202	0	0
Chubb Ltd.	COM	H1467J104	198,904	1,454,299	SH		SOLE	NONE	1,454,299	0	0
Church & Dwight Co. Inc.	COM	171340102	16,020	318,115	SH		SOLE	NONE	318,115	0	0
Cimarex Energy Co.	COM	171798101	2,066	22,096	SH		SOLE	NONE	22,096	0	0
Cisco Systems Inc.	COM	17275R102	17,656	411,660	SH		SOLE	NONE	411,660	0	0
Coeur Mining Inc.	COM	192108504	2,435	304,400	SH		SOLE	NONE	304,400	0	0
Comcast Corp.	COM	20030N101	19,376	567,039	SH		SOLE	NONE	66,514	0	0
Concho Resources Inc.	COM	20605P101	85,022	565,568	SH		SOLE	NONE	565,568	0	0
Continental Resources Inc.	COM	212015101	4,863	82,501	SH		SOLE	NONE	82,501	0	0
Corning Inc.	COM	219350105	42,718	1,532,224	SH		SOLE	NONE	1,532,224	0	0
Costco Wholesale Corp.	COM	22160K105	38,917	206,533	SH		SOLE	NONE	206,533	0	0
Credicorp Ltd.	COM	G2519Y108	15,096	66,492	SH		SOLE	NONE	66,492	0	0
Crescent Point Energy Corp.	COM	22576C101	214	31,494	SH		SOLE	NONE	31,494	0	0
Cummins Inc.	COM	231021106	2,043	12,602	SH		SOLE	NONE	12,602	0	0
Danaher Corp.	COM	235851102	20,104	205,327	SH		SOLE	NONE	205,327	0	0
Delphi Technologies PLC	COM	G2709G107	1,355	28,440	SH		SOLE	NONE	28,440	0	0
Devon Energy Corp.	COM	25179M103	3,860	121,407	SH		SOLE	NONE	121,407	0	0
Diamondback Energy Inc.	COM	25278X109	8,224	65,000	SH		SOLE	NONE	65,000	0	0
Dollar General Corp.	COM	256677105	24,473	261,607	SH		SOLE	NONE	261,607	0	0
DowDuPont Inc.	COM	26078J100	19,907	312,468	SH		SOLE	NONE	312,468	0	0
ETrade Financial Corp.	COM	269246401	47,271	853,121	SH		SOLE	NONE	853,121	0	0
EOG Resources Inc.	COM	26875P101	4,336	41,189	SH		SOLE	NONE	41,189	0	0
Eastman Chemical Co.	COM	277432100	3,324	31,485	SH		SOLE	NONE	31,485	0	0
Ecolab Inc.	COM	278865100	7,247	52,874	SH		SOLE	NONE	52,874	0	0
Enbridge Inc.	COM	29250N105	30,779	978,616	SH		SOLE	NONE	978,616	0	0
Encana Corp.	COM	292505104	18,292	1,663,151	SH		SOLE	NONE	1,663,151	0	0
Enerplus Corp.	COM	292766102	534	47,500	SH		SOLE	NONE	47,500	0	0
Ensco PLC	COM	G3157S106	7,824	1,782,120	SH		SOLE	NONE	1,782,120	0	0
Enterprise Products Partners LP	COM	293792107	6,232	254,581	SH		SOLE	NONE	254,581	0	0
Etsy Inc.	COM	29786A106	2,105	75,000	SH		SOLE	NONE	75,000	0	0
Evercore Inc.	COM	29977A105	7,430	85,201	SH		SOLE	NONE	85,201	0	0
Exelon Corp.	COM	30161N101	162	4,149	SH		SOLE	NONE	4,149	0	0
Express Scripts Holding Co.	COM	30219G108	15,891	230,044	SH		SOLE	NONE	230,044	0	0
Exxon Mobil Corp.	COM	30231G102	68,783	921,899	SH		SOLE	NONE	921,899	0	0
FedEx Corp.	COM	31428X106	100,553	418,778	SH		SOLE	NONE	418,778	0	0
First Republic Bank	COM	33616C100	15,134	163,412	SH		SOLE	NONE	163,412	0	0
First Solar Inc.	COM	336433107	824	11,602	SH		SOLE	NONE	11,602	0	0
Fortis Inc.	COM	349553107	14,324	424,327	SH		SOLE	NONE	424,327	0	0
Fortuna Silver Mines Inc.	COM	349915108	2,432	466,307	SH		SOLE	NONE	466,307	0	0
Franco-Nevada Corp.	COM	351858105	25,947	380,306	SH		SOLE	NONE	380,306	0	0
Global Payments Inc.	COM	37940X102	54,007	484,277	SH		SOLE	NONE	484,277	0	0
Gold Standard Ventures Corp.	COM	380738104	730	445,900	SH		SOLE	NONE	445,900	0	0
Goldcorp Inc.	COM	380956409	47,584	3,443,882	SH		SOLE	NONE	3,443,882	0	0
Golden Star Resources Ltd.	COM	38119T104	1,091	1,850,300	SH		SOLE	NONE	1,850,300	0	0
Granite Construction Inc.	COM	387328107	4,212	75,404	SH		SOLE	NONE	75,404	0	0
HEICO Corp.	COM	422806109	6,782	78,125	SH		SOLE	NONE	78,125	0	0
Halliburton Co.	COM	406216101	2,168	46,180	SH		SOLE	NONE	46,180	0	0
HealthEquity Inc.	COM	42226A107	7,549	124,700	SH		SOLE	NONE	124,700	0	0
Hess Corp.	COM	42809H107	785	15,504	SH		SOLE	NONE	15,504	0	0
Honeywell International Inc.	COM	438516106	298,640	2,066,568	SH		SOLE	NONE	2,066,568	0	0
Hudbay Minerals Inc.	COM	443628102	7,407	1,046,390	SH		SOLE	NONE	1,046,390	0	0
Huntington Ingalls Industries Inc.	COM	446413106	37,254	144,528	SH		SOLE	NONE	144,528	0	0
Huntsman Corp.	COM	447011107	1,447	49,486	SH		SOLE	NONE	49,486	0	0
IDEXX Laboratories Inc.	COM	45168D104	64,690	338,001	SH		SOLE	NONE	338,001	0	0
Illumina Inc.	COM	452327109	80,100	338,802	SH		SOLE	NONE	338,802	0	0
Intel Corp.	COM	458140100	17,315	332,474	SH		SOLE	NONE	332,474	0	0
International Business Machines Corp.	COM	459200101	42,029	273,929	SH		SOLE	NONE	273,929	0	0
Interxion Holding NV	COM	N47279109	9,018	145,202	SH		SOLE	NONE	145,202	0	0
Invesco Ltd.	COM	G491BT108	53,730	1,678,530	SH		SOLE	NONE	1,678,530	0	0
JB Hunt Transport Services Inc.	COM	445658107	42,574	363,413	SH		SOLE	NONE	363,413	0	0
JPMorgan Chase & Co.	COM	46625H100	230,901	2,099,669	SH		SOLE	NONE	2,099,669	0	0
Johnson & Johnson	COM	478160104	24,671	192,515	SH		SOLE	NONE	192,515	0	0
Johnson Controls International PLC	COM	G51502105	1,642	46,594	SH		SOLE	NONE	46,594	0	0
Just Energy Group Inc.	COM	48213W101	3,678	832,874	SH		SOLE	NONE	832,874	0	0
Kinross Gold Corp.	COM	496902404	5,414	1,370,360	SH		SOLE	NONE	1,370,360	0	0
Las Vegas Sands Corp.	COM	517834107	791	11,000	SH		SOLE	NONE	11,000	0	0
Lennar Corp.	COM	526057104	796	13,500	SH		SOLE	NONE	13,500	0	0
Lincoln National Corp.	COM	534187109	20,183	276,253	SH		SOLE	NONE	276,253	0	0
Littelfuse Inc.	COM	537008104	14,452	69,419	SH		SOLE	NONE	69,419	0	0
Lockheed Martin Corp.	COM	539830109	18,335	54,258	SH		SOLE	NONE	54,258	0	0
Lululemon Athletica Inc.	COM	550021109	8,891	99,769	SH		SOLE	NONE	99,769	0	0
MAG Silver Corp.	COM	55903Q104	2,764	282,207	SH		SOLE	NONE	282,207	0	0
MINDBODY Inc.	COM	60255W105	2,225	57,204	SH		SOLE	NONE	57,204	0	0
Macy's Inc.	COM	55616P104	8,273	278,190	SH		SOLE	NONE	278,190	0	0
Magna International Inc.	COM	559222401	7,253	128,762	SH		SOLE	NONE	128,762	0	0
Manulife Financial Corp.	COM	56501R106	75,104	4,045,174	SH		SOLE	NONE	4,045,174	0	0
Maxar Technologies Ltd.	COM	57778L103	13,299	287,576	SH		SOLE	NONE	287,576	0	0
McDonald's Corp.	COM	580135101	25,652	164,037	SH		SOLE	NONE	164,037	0	0
Medtronic PLC	COM	G5960L103	2,176	27,120	SH		SOLE	NONE	27,120	0	0
MetLife Inc.	COM	59156R108	67,870	1,478,977	SH		SOLE	NONE	1,478,977	0	0
Methanex Corp.	COM	59151K108	21,833	360,397	SH		SOLE	NONE	360,397	0	0
Micron Technology Inc.	COM	595112103	57,248	1,097,975	SH		SOLE	NONE	1,097,975	0	0
Microsoft Corp.	COM	594918104	43,925	481,267	SH		SOLE	NONE	481,267	0	0
Moelis & Co.	COM	60786M105	23,386	459,898	SH		SOLE	NONE	459,898	0	0
Mondelez International Inc.	COM	609207105	112,066	2,685,497	SH		SOLE	NONE	2,685,497	0	0
Monolithic Power Systems Inc.	COM	609839105	2,537	21,916	SH		SOLE	NONE	21,916	0	0
Moody's Corp.	COM	615369105	159,434	988,432	SH		SOLE	NONE	988,432	0	0
NVIDIA Corp.	COM	67066G104	153,082	661,003	SH		SOLE	NONE	661,003	0	0
Netflix Inc.	COM	64110L106	116,164	393,308	SH		SOLE	NONE	393,308	0	0
Nevsun Resources Ltd.	COM	64156L101	1,683	706,414	SH		SOLE	NONE	706,414	0	0
Newmont Mining Corp.	COM	651639106	6,329	162,000	SH		SOLE	NONE	162,000	0	0
NextEra Energy Inc.	COM	65339F101	670	4,100	SH		SOLE	NONE	4,100	0	0
Northrop Grumman Corp.	COM	666807102	200,015	572,913	SH		SOLE	NONE	572,913	0	0
Nutrien Ltd.	COM	67077M108	56,333	1,191,966	SH		SOLE	NONE	1,191,966	0	0
ON Semiconductor Corp.	COM	682189105	1,227	50,167	SH		SOLE	NONE	50,167	0	0
Old Dominion Freight Line Inc.	COM	679580100	65,886	448,298	SH		SOLE	NONE	448,298	0	0
Omnicom Group Inc.	COM	681919106	83,843	1,153,750	SH		SOLE	NONE	1,153,750	0	0
Open Text Corp.	COM	683715106	15,538	446,635	SH		SOLE	NONE	446,635	0	0
Oracle Corp.	COM	68389X105	21,989	480,630	SH		SOLE	NONE	480,630	0	0
Orbotech Ltd.	COM	M75253100	966	15,540	SH		SOLE	NONE	15,540	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	1,202	124,474	SH		SOLE	NONE	124,474	0	0
PDC Energy Inc.	COM	69327R101	1,352	27,585	SH		SOLE	NONE	27,585	0	0
Pan American Silver Corp.	COM	697900108	2,154	133,400	SH		SOLE	NONE	133,400	0	0
Parsley Energy Inc.	COM	701877102	4,833	166,718	SH		SOLE	NONE	166,718	0	0
Pattern Energy Group Inc.	COM	70338P100	1,000	57,834	SH		SOLE	NONE	57,834	0	0
Pembina Pipeline Corp.	COM	706327103	926	29,663	SH		SOLE	NONE	29,663	0	0
Pengrowth Energy Corp.	COM	70706P104	45	70,590	SH		SOLE	NONE	70,590	0	0
PepsiCo Inc.	COM	713448108	25,686	235,324	SH		SOLE	NONE	235,324	0	0
Pfizer Inc.	COM	717081103	15,343	432,309	SH		SOLE	NONE	432,309	0	0
Philip Morris International Inc.	COM	718172109	172,326	1,733,666	SH		SOLE	NONE	1,733,666	0	0
Planet Fitness Inc.	COM	72703H101	1,889	50,000	SH		SOLE	NONE	50,000	0	0
Polaris Industries Inc.	COM	731068102	12,510	109,242	SH		SOLE	NONE	109,242	0	0
Precision Drilling Corp.	COM	74022D308	6,590	2,371,491	SH		SOLE	NONE	2,371,491	0	0
Primerica Inc.	COM	74164M108	63,389	656,197	SH		SOLE	NONE	656,197	0	0
Pure Storage Inc.	COM	74624M102	1,397	70,000	SH		SOLE	NONE	70,000	0	0
Raymond James Financial Inc.	COM	754730109	104,069	1,163,956	SH		SOLE	NONE	1,163,956	0	0
RealPage Inc.	COM	75606N109	5,176	100,513	SH		SOLE	NONE	100,513	0	0
Restaurant Brands International Inc.	COM	76131D103	27,067	475,604	SH		SOLE	NONE	475,604	0	0
Ring Energy Inc.	COM	76680V108	5,508	383,844	SH		SOLE	NONE	383,844	0	0
Roper Technologies Inc.	COM	776696106	4,295	15,302	SH		SOLE	NONE	15,302	0	0
Royal Bank of Canada	COM	780087102	64,754	838,286	SH		SOLE	NONE	838,286	0	0
SEI Investments Co.	COM	784117103	38,172	509,575	SH		SOLE	NONE	509,575	0	0
SSR Mining Inc.	COM	784730103	4,624	480,000	SH		SOLE	NONE	480,000	0	0
Sandstorm Gold Ltd.	COM	80013R206	2,301	482,800	SH		SOLE	NONE	482,800	0	0
Select Energy Services Inc.	COM	81617J301	234	18,514	SH		SOLE	NONE	18,514	0	0
Shaw Communications Inc.	COM	82028K200	2,734	141,910	SH		SOLE	NONE	0	0	0
Shopify Inc.	COM	82509L107	10,658	85,547	SH		SOLE	NONE	85,547	0	0
Siteone Landscape Supply	COM	82982L103	3,852	50,000	SH		SOLE	NONE	50,000	0	0
Solitario Zinc Corp.	COM	8342EP107	52	111,630	SH		SOLE	NONE	111,630	0	0
Southern Copper Corp.	COM	84265V105	14,690	271,141	SH		SOLE	NONE	271,141	0	0
Sprouts Farmers Market Inc.	COM	85208M102	2,151	91,637	SH		SOLE	NONE	91,637	0	0
Square Inc.	COM	852234103	11,828	240,404	SH		SOLE	NONE	240,404	0	0
Stryker Corp.	COM	863667101	515	3,200	SH		SOLE	NONE	3,200	0	0
Sun Life Financial Inc.	COM	866796105	50,476	1,229,088	SH		SOLE	NONE	1,229,088	0	0
Suncor Energy Inc.	COM	867224107	71,603	2,073,503	SH		SOLE	NONE	2,073,503	0	0
Synchrony Financial	COM	87165B103	27,951	833,621	SH		SOLE	NONE	833,621	0	0
T Rowe Price Group Inc.	COM	74144T108	36,154	334,853	SH		SOLE	NONE	334,853	0	0
T-Mobile US Inc.	COM	872590104	51,342	841,115	SH		SOLE	NONE	841,115	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	91,791	1,549,746	SH		SOLE	NONE	1,549,746	0	0
TELUS Corp.	COM	87971M103	28,486	811,240	SH		SOLE	NONE	811,240	0	0
Tahoe Resources Inc.	COM	873868103	3,900	830,493	SH		SOLE	NONE	830,493	0	0
Teck Resources Ltd.	COM	878742204	7,049	273,690	SH		SOLE	NONE	273,690	0	0
The Charles Schwab Corp.	COM	808513105	83,204	1,593,341	SH		SOLE	NONE	1,593,341	0	0
The Chefs' Warehouse Inc.	COM	163086101	2,314	100,600	SH		SOLE	NONE	100,600	0	0
The Descartes Systems Group Inc.	COM	249906108	11,036	386,138	SH		SOLE	NONE	386,138	0	0
The Dun & Bradstreet Corp.	COM	26483E100	69,252	591,897	SH		SOLE	NONE	591,897	0	0
The Estee Lauder Cos. Inc.	COM	518439104	65,225	435,648	SH		SOLE	NONE	435,648	0	0
The Hain Celestial Group Inc.	COM	405217100	187	5,845	SH		SOLE	NONE	5,845	0	0
The Home Depot Inc.	COM	437076102	15,683	87,988	SH		SOLE	NONE	87,988	0	0
The Kraft Heinz Co.	COM	500754106	58,165	933,775	SH		SOLE	NONE	933,775	0	0
The Procter & Gamble Co.	COM	742718109	25,215	318,054	SH		SOLE	NONE	318,054	0	0
The Sherwin-Williams Co.	COM	824348106	58,798	149,948	SH		SOLE	NONE	149,948	0	0
The TJX Companies Inc.	COM	872540109	50,988	625,165	SH		SOLE	NONE	625,165	0	0
The Walt Disney Co.	COM	254687106	23,312	232,098	SH		SOLE	NONE	232,098	0	0
The Williams Cos. Inc.	COM	969457100	27,113	1,090,629	SH		SOLE	NONE	1,090,629	0	0
Thermo Fisher Scientific Inc.	COM	883556102	27,305	132,253	SH		SOLE	NONE	132,253	0	0
Tiffany & Co.	COM	886547108	13,479	138,018	SH		SOLE	NONE	138,018	0	0
Toronto-Dominion Bank	COM	891160509	35,526	626,044	SH		SOLE	NONE	626,044	0	0
Trex Co. Inc.	COM	89531P105	2,534	23,298	SH		SOLE	NONE	23,298	0	0
Trimble Inc.	COM	896239100	2,835	79,008	SH		SOLE	NONE	79,008	0	0
US Bancorp	COM	902973304	23,336	462,090	SH		SOLE	NONE	462,090	0	0
US Concrete Inc.	COM	90333L201	6,586	109,041	SH		SOLE	NONE	109,041	0	0
United Rentals Inc.	COM	911363109	67,802	392,532	SH		SOLE	NONE	392,532	0	0
United Technologies Corp.	COM	913017109	18,164	144,361	SH		SOLE	NONE	144,361	0	0
UnitedHealth Group Inc.	COM	91324P102	45,298	211,672	SH		SOLE	NONE	211,672	0	0
Unum Group	COM	91529Y106	60,634	1,273,565	SH		SOLE	NONE	1,273,565	0	0
Vermilion Energy Inc.	COM	923725105	22,310	691,942	SH		SOLE	NONE	691,942	0	0
Visa Inc.	COM	92826C839	33,162	277,230	SH		SOLE	NONE	277,230	0	0
Vulcan Materials Co.	COM	929160109	23,086	202,206	SH		SOLE	NONE	202,206	0	0
WEC Energy Group Inc.	COM	92939U106	314	5,000	SH		SOLE	NONE	5,000	0	0
WPX Energy Inc.	COM	98212B103	20,781	1,406,025	SH		SOLE	NONE	1,406,025	0	0
Wabtec Corp.	COM	929740108	1,348	16,559	SH		SOLE	NONE	16,559	0	0
Walmart Inc.	COM	931142103	20,228	227,358	SH		SOLE	NONE	227,358	0	0
Waste Connections Inc.	COM	94106B101	5,003	69,732	SH		SOLE	NONE	69,732	0	0
Waste Management Inc.	COM	94106L109	224,142	2,664,553	SH		SOLE	NONE	2,664,553	0	0
Wells Fargo & Company	COM	949746101	18,790	358,513	SH		SOLE	NONE	358,513	0	0
West Pharmaceutical Services Inc.	COM	955306105	14,777	167,374	SH		SOLE	NONE	167,374	0	0
WestRock Co.	COM	96145D105	22,364	348,517	SH		SOLE	NONE	348,517	0	0
Western Copper And Gold Corp.	COM	95805V108	54	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	69,676	755,136	SH		SOLE	NONE	755,136	0	0
Wheaton Precious Metals Corp.	COM	962879102	7,155	351,148	SH		SOLE	NONE	351,148	0	0
WisdomTree Investments Inc.	COM	97717P104	5,436	592,807	SH		SOLE	NONE	592,807	0	0
Workday Inc.	COM	98138H101	79,199	623,077	SH		SOLE	NONE	623,077	0	0
Worldpay Inc.	COM	981558109	48,773	593,056	SH		SOLE	NONE	593,056	0	0
Xilinx Inc.	COM	983919101	7,484	103,602	SH		SOLE	NONE	103,602	0	0
Xplore Technologies Corp.	COM	983950700	4	1,285	SH		SOLE	NONE	1,285	0	0
Xylem Inc.	COM	98419M100	6,159	80,064	SH		SOLE	NONE	80,064	0	0
Zoetis Inc.	COM	98978V103	10,053	120,376	SH		SOLE	NONE	120,376	0	0
j2 Global Inc.	COM	48123V102	14,936	189,259	SH		SOLE	NONE	189,259	0	0
Anthem Inc.	CPFD	036752202	4,518	84,200	SH		SOLE	NONE	84,200	0	0
Bank Of America Corp.	CPFD	060505682	204	158	SH		SOLE	NONE	158	0	0
Wells Fargo & Co.	CPFD	949746804	135	105	SH		SOLE	NONE	105	0	0
Ishares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	7	78	SH		SOLE	NONE	78	0	0
SPDR Barclays International Corporate Bond ETF	ETF	78464A151	1,119	31,075	SH		SOLE	NONE	31,075	0	0
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	ETF	78464A391	1,067	35,111	SH		SOLE	NONE	35,111	0	0
SPDR Bloomberg Barclays High Yield Bond ETF	ETF	78464A417	744	20,741	SH		SOLE	NONE	20,741	0	0
SPDR Bloomberg Barclays Intermediate Term Treasury ETF	ETF	78464A672	424	7,210	SH		SOLE	NONE	7,210	0	0
SPDR Bloomberg Barclays International Treasury Bond ETF	ETF	78464A516	2,364	80,112	SH		SOLE	NONE	80,112	0	0
SPDR Portfolio Long Term Treasury ETF	ETF	78464A664	643	18,312	SH		SOLE	NONE	18,312	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	3,315	12,598	SH		SOLE	NONE	12,598	0	0
SPDR S&P Oil & Gas Exploration & Production ETF	ETF	78464A730	7,925	225,000	SH		SOLE	NONE	225,000	0	0
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	ETF	92189F494	1,621	82,691	SH		SOLE	NONE	82,691	0	0
Vanguard FTSE All-World ex-US ETF	ETF	922042775	2,472	45,472	SH		SOLE	NONE	45,472	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	1,719	36,593	SH		SOLE	NONE	36,593	0	0
Vanguard FTSE Europe ETF	ETF	922042874	226	3,886	SH		SOLE	NONE	3,886	0	0
Vanguard FTSE Pacific ETF	ETF	922042866	652	8,938	SH		SOLE	NONE	8,938	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	4,687	55,243	SH		SOLE	NONE	55,243	0	0
Vanguard Small Cap ETF	ETF	922908751	428	2,914	SH		SOLE	NONE	0	0	0
Vanguard Total Bond Market ETF	ETF	921937835	6,582	82,342	SH		SOLE	NONE	82,342	0	0
Vanguard Total International Bond ETF	ETF	92203J407	18	322	SH		SOLE	NONE	0	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	2,405	36,510	SH		SOLE	NONE	36,510	0	0
iShares Core Total USD Bond Market ETF	ETF	46434V613	1,292	25,890	SH		SOLE	NONE	25,890	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	1,293	12,053	SH		SOLE	NONE	12,053	0	0
iShares Edge MSCI Minimum Volatility EAFE ETF	ETF	46429B689	1,022	13,865	SH		SOLE	NONE	13,865	0	0
iShares Edge MSCI Minimum Volatility USA ETF	ETF	46429B697	1,022	19,686	SH		SOLE	NONE	19,686	0	0
iShares Intermediate Government/Credit Bond ETF	ETF	464288612	903	8,342	SH		SOLE	NONE	8,342	0	0
iShares International Treasury Bond ETF	ETF	464288117	1,402	27,166	SH		SOLE	NONE	27,166	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	3	56	SH		SOLE	NONE	56	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	1,817	16,104	SH		SOLE	NONE	16,104	0	0
iShares MSCI Austria ETF	ETF	464286202	10,207	402,476	SH		SOLE	NONE	402,476	0	0
iShares MSCI China ETF	ETF	46429B671	99,566	1,452,040	SH		SOLE	NONE	1,452,040	0	0
iShares MSCI EAFE Growth ETF	ETF	464288885	19,878	247,331	SH		SOLE	NONE	247,331	0	0
iShares MSCI India ETF	ETF	46429B598	9,544	279,639	SH		SOLE	NONE	279,639	0	0
iShares MSCI Italy ETF	ETF	46434G830	71,091	2,211,244	SH		SOLE	NONE	2,211,244	0	0
iShares MSCI Japan ETF	ETF	46434G822	196,619	3,240,264	SH		SOLE	NONE	3,240,264	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	2	46	SH		SOLE	NONE	46	0	0
iShares MSCI Singapore ETF	ETF	46434G780	34,188	1,281,907	SH		SOLE	NONE	1,281,907	0	0
iShares MSCI South Africa ETF	ETF	464286780	5,012	72,957	SH		SOLE	NONE	72,957	0	0
iShares MSCI South Korea ETF	ETF	464286772	39,524	523,845	SH		SOLE	NONE	523,845	0	0
iShares MSCI Spain ETF	ETF	464286764	7,785	239,473	SH		SOLE	NONE	239,473	0	0
iShares MSCI World ETF	ETF	464286392	9	98	SH		SOLE	NONE	98	0	0
iShares S&P 500 ETF	ETF	464287200	45,599	171,833	SH		SOLE	NONE	171,833	0	0
iShares S&P 500 Value ETF	ETF	464287408	5,886	53,835	SH		SOLE	NONE	53,835	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	18,896	454,782	SH		SOLE	NONE	454,782	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	2,841	91,382	SH		SOLE	NONE	91,382	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,416	41,350	SH		SOLE	NONE	41,350	0	0
Wpx Energy Inc. Preferred	PFD	98212B202	314	5,000	SH		SOLE	NONE	5,000	0	0
Equinix Inc. REIT	REIT	29444U700	1,965	4,700	SH		SOLE	NONE	4,700	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	866	44,407	SH		SOLE	NONE	44,407	0	0
Invitation Homes Inc. REIT	REIT	46187W107	457	20,000	SH		SOLE	NONE	20,000	0	0
National Retail Properties Inc. REIT	REIT	637417106	30,969	788,807	SH		SOLE	NONE	788,807	0	0
Prologis Inc. REIT	REIT	74340W103	24,785	393,480	SH		SOLE	NONE	393,480	0	0