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
Materials Select Sector SPDR ETF	ETF	81369Y100	22,928	394,828	SH		OTR	1	0	394,828	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	68,619	822,175	SH		OTR	1	0	822,175	0
Consumer Staples Select Sector SPDR ETF	ETF	81369Y308	52,299	1,014,928	SH		OTR	1	0	1,014,928	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	55,500	507,775	SH		OTR	1	0	507,775	0
Financial Select Sector SPDR ETF	ETF	81369Y605	47,780	1,796,904	SH		OTR	1	0	1,796,904	0
Real Estate Select Sector SPDR ETF	ETF	81369Y860	9,874	301,852	SH		OTR	1	0	0	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	36,469	701,871	SH		OTR	1	0	701,871	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	2,444	5,863	SH		SOLE	NONE	5,863	0	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	2,037	53,144	SH		OTR	1	0	53,144	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	13,852	6,065	SH		SOLE	NONE	6,065	0	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	14,590	391,010	SH		OTR	1	0	391,010	0
Industrial Select Sector SPDR ETF	ETF	81369Y803	48,019	6,235	SH		SOLE	NONE	6,235	0	0
Industrial Select Sector SPDR ETF	ETF	81369Y803	41,787	1,286,498	SH		OTR	1	0	1,286,498	0
Aflac Inc.	COM	001055102	35,592	827,340	SH		SOLE	NONE	827,340	0	0
AGCO Corp.	COM	001084102	100,074	1,648,127	SH		SOLE	NONE	1,648,127	0	0
AT&T Inc.	COM	00206R102	121,684	3,789,612	SH		SOLE	NONE	3,789,612	0	0
AbbVie Inc.	COM	00287Y109	156,044	1,684,226	SH		SOLE	NONE	1,684,226	0	0
Activision Blizzard Inc.	COM	00507V109	85,515	1,120,475	SH		SOLE	NONE	1,120,475	0	0
Acuity Brands Inc.	COM	00508Y102	179	1,549	SH		SOLE	NONE	1,549	0	0
Adobe Systems Inc.	COM	00724F101	95,941	393,509	SH		SOLE	NONE	393,509	0	0
AdvanSix Inc.	COM	00773T101	2,510	68,531	SH		SOLE	NONE	68,531	0	0
Agnico Eagle Mines Ltd.	COM	008474108	25,715	560,915	SH		SOLE	NONE	560,915	0	0
Air Lease Corp.	COM	00912X302	4,197	100,000	SH		SOLE	NONE	100,000	0	0
Alamos Gold Inc.	COM	011532108	2,764	485,198	SH		SOLE	NONE	485,198	0	0
Alaska Air Group Inc.	COM	011659109	50,302	832,945	SH		SOLE	NONE	832,945	0	0
Albemarle Corp.	COM	012653101	1,492	15,814	SH		SOLE	NONE	15,814	0	0
Algonquin Power & Utilities Corp.	COM	015857105	17,141	1,774,395	SH		SOLE	NONE	1,774,395	0	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	70,140	378,050	SH		SOLE	NONE	378,050	0	0
Alio Gold Inc.	COM	01627X108	609	418,997	SH		SOLE	NONE	418,997	0	0
Alphabet Inc.	COM	02079K107	25,798	23,124	SH		SOLE	NONE	0	0	0
Altaba Inc.	COM	021346101	76,432	1,044,010	SH		SOLE	NONE	1,044,010	0	0
Altria Group Inc.	COM	02209S103	151,351	2,665,103	SH		SOLE	NONE	2,665,103	0	0
Amazon.com Inc.	COM	023135106	221,679	130,415	SH		SOLE	NONE	130,415	0	0
Amgen Inc.	COM	031162100	26,826	145,325	SH		SOLE	NONE	145,325	0	0
Amphenol Corp.	COM	032095101	2,537	29,114	SH		SOLE	NONE	29,114	0	0
Anadarko Petroleum Corp.	COM	032511107	95,749	1,307,148	SH		SOLE	NONE	1,307,148	0	0
Analog Devices Inc.	COM	032654105	7,313	76,244	SH		SOLE	NONE	76,244	0	0
Apple Inc.	COM	037833100	25,522	137,874	SH		SOLE	NONE	137,874	0	0
Asanko Gold Inc.	COM	04341Y105	2,259	2,091,020	SH		SOLE	NONE	2,091,020	0	0
Auryn Resources Inc.	COM	05208W108	304	281,400	SH		SOLE	NONE	281,400	0	0
Azul SA ADR	ADR	05501U106	1,002	61,227	SH		SOLE	NONE	61,227	0	0
BCE Inc.	COM	05534B760	14,704	363,088	SH		SOLE	NONE	363,088	0	0
Baidu Inc. ADR	ADR	056752108	5,069	20,860	SH		SOLE	NONE	2,086	0	0
Bank of America Corp.	COM	060505104	15,097	535,528	SH		SOLE	NONE	535,528	0	0
Bank Of America Corp.	CPFD	060505682	198	158	SH		SOLE	NONE	158	0	0
Bank of Montreal	COM	063671101	33,035	427,377	SH		SOLE	NONE	427,377	0	0
Bank of the Ozarks	COM	063904106	2,204	48,933	SH		SOLE	NONE	48,933	0	0
Bank of Nova Scotia	COM	064149107	113,637	2,006,898	SH		SOLE	NONE	2,006,898	0	0
Becton Dickinson and Co.	COM	075887109	503	2,100	SH		SOLE	NONE	2,100	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,366	38,250	SH		SOLE	NONE	38,250	0	0
Berkshire Hathaway Inc.	COM	084670702	23,190	124,242	SH		SOLE	NONE	12	0	0
Booking Holdings Inc.	COM	09857L108	49,751	24,543	SH		SOLE	NONE	24,543	0	0
Brighthouse Financial Inc.	COM	10922N103	4,981	124,309	SH		SOLE	NONE	124,309	0	0
Bristol-Myers Squibb Co.	COM	110122108	71,862	1,298,558	SH		SOLE	NONE	1,298,558	0	0
Broadcom Inc.	COM	11135F101	46,114	190,052	SH		SOLE	NONE	190,052	0	0
Brookfield Asset Management Inc.	COM	112585104	39,195	966,207	SH		SOLE	NONE	966,207	0	0
B2Gold Corp.	COM	11777Q209	3,789	1,460,714	SH		SOLE	NONE	1,460,714	0	0
B2Gold Corp.	CB	11777QAB6	150	150,000	PRN		SOLE	NONE	150,000	0	0
CAE Inc.	COM	124765108	6,783	326,504	SH		SOLE	NONE	326,504	0	0
CME Group Inc.	COM	12572Q105	4,263	26,009	SH		SOLE	NONE	26,009	0	0
CRH Medical Corp.	COM	12626F105	36	11,369	SH		SOLE	NONE	11,369	0	0
CSX Corp.	COM	126408103	90,467	1,418,424	SH		SOLE	NONE	1,418,424	0	0
CVS Health Corp.	COM	126650100	20,496	318,514	SH		SOLE	NONE	318,514	0	0
Calavo Growers Inc.	COM	128246105	5,800	60,322	SH		SOLE	NONE	60,322	0	0
Callon Petroleum Co.	COM	13123X102	1,139	106,094	SH		SOLE	NONE	106,094	0	0
Canadian National Railway Co.	COM	136375102	55,589	679,621	SH		SOLE	NONE	679,621	0	0
Canadian Natural Resources Ltd.	COM	136385101	92,783	2,570,640	SH		SOLE	NONE	2,570,640	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	36,198	197,523	SH		SOLE	NONE	197,523	0	0
Caterpillar Inc.	COM	149123101	74,555	549,531	SH		SOLE	NONE	549,531	0	0
Centene Corp.	COM	15135B101	90,110	731,349	SH		SOLE	NONE	731,349	0	0
Ceridian HCM Holding Inc.	COM	15677J108	1,665	50,000	SH		SOLE	NONE	50,000	0	0
The Chefs' Warehouse Inc.	COM	163086101	3,580	125,600	SH		SOLE	NONE	125,600	0	0
Chevron Corp.	COM	166764100	8,548	67,610	SH		SOLE	NONE	67,610	0	0
Church & Dwight Co. Inc.	COM	171340102	4,570	85,966	SH		SOLE	NONE	85,966	0	0
Cisco Systems Inc.	COM	17275R102	27,217	632,506	SH		SOLE	NONE	632,506	0	0
The Coca-Cola Co.	COM	191216100	5,750	131,092	SH		SOLE	NONE	131,092	0	0
Coeur Mining Inc.	COM	192108504	2,408	316,900	SH		SOLE	NONE	316,900	0	0
Comcast Corp.	COM	20030N101	22,697	691,757	SH		SOLE	NONE	81,143	0	0
Concho Resources Inc.	COM	20605P101	1,198	8,660	SH		SOLE	NONE	8,660	0	0
Continental Resources Inc.	COM	212015101	3,198	49,375	SH		SOLE	NONE	49,375	0	0
Corning Inc.	COM	219350105	44,781	1,627,807	SH		SOLE	NONE	1,627,807	0	0
Costco Wholesale Corp.	COM	22160K105	45,475	217,606	SH		SOLE	NONE	217,606	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	26,930	565,410	SH		SOLE	NONE	70,676	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	7,862	7,660,000	PRN		SOLE	NONE	957,500	0	0
Cummins Inc.	COM	231021106	1,304	9,804	SH		SOLE	NONE	9,804	0	0
Danaher Corp.	COM	235851102	20,262	205,327	SH		SOLE	NONE	205,327	0	0
Delek US Holdings Inc.	COM	24665A103	1,781	35,492	SH		SOLE	NONE	35,492	0	0
The Descartes Systems Group Inc.	COM	249906108	10,420	319,845	SH		SOLE	NONE	319,845	0	0
Devon Energy Corp.	COM	25179M103	4,188	95,278	SH		SOLE	NONE	95,278	0	0
The Walt Disney Co.	COM	254687106	24,326	232,098	SH		SOLE	NONE	232,098	0	0
Dollar General Corp.	COM	256677105	29,733	301,550	SH		SOLE	NONE	301,550	0	0
DowDuPont Inc.	COM	26078J100	23,077	350,078	SH		SOLE	NONE	350,078	0	0
Duke Energy Corp.	COM	26441C204	2,808	35,508	SH		SOLE	NONE	35,508	0	0
The Dun & Bradstreet Corp.	COM	26483E100	80,362	655,218	SH		SOLE	NONE	655,218	0	0
EOG Resources Inc.	COM	26875P101	4,872	39,153	SH		SOLE	NONE	39,153	0	0
E Trade Financial Corp.	COM	269246401	82,066	1,341,829	SH		SOLE	NONE	1,341,829	0	0
Eastman Chemical Co.	COM	277432100	2,926	29,270	SH		SOLE	NONE	29,270	0	0
Ecolab Inc.	COM	278865100	5,150	36,699	SH		SOLE	NONE	36,699	0	0
8x8 Inc.	COM	282914100	2,034	101,422	SH		SOLE	NONE	101,422	0	0
Emerson Electric Co.	COM	291011104	5,484	79,312	SH		SOLE	NONE	79,312	0	0
Encana Corp.	COM	292505104	22,413	1,716,080	SH		SOLE	NONE	1,716,080	0	0
Enbridge Inc.	COM	29250N105	45,644	1,276,849	SH		SOLE	NONE	1,276,849	0	0
Enerplus Corp.	COM	292766102	599	47,500	SH		SOLE	NONE	47,500	0	0
Equinix Inc. REIT	REIT	29444U700	2,341	5,445	SH		SOLE	NONE	5,445	0	0
Etsy Inc.	COM	29786A106	5,274	125,000	SH		SOLE	NONE	125,000	0	0
Evercore Inc.	COM	29977A105	8,984	85,201	SH		SOLE	NONE	85,201	0	0
Exelon Corp.	COM	30161N101	177	4,149	SH		SOLE	NONE	4,149	0	0
Express Scripts Holding Co.	COM	30219G108	17,762	230,044	SH		SOLE	NONE	230,044	0	0
Exxon Mobil Corp.	COM	30231G102	81,231	981,884	SH		SOLE	NONE	981,884	0	0
FedEx Corp.	COM	31428X106	14,023	61,759	SH		SOLE	NONE	61,759	0	0
First Majestic Silver Corp.	COM	32076V103	239	31,314	SH		SOLE	NONE	31,314	0	0
First Republic Bank	COM	33616C100	4,071	42,055	SH		SOLE	NONE	42,055	0	0
First Solar Inc.	COM	336433107	1,109	21,064	SH		SOLE	NONE	21,064	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	15,315	174,454	SH		SOLE	NONE	174,454	0	0
Fortis Inc.	COM	349553107	8,511	266,283	SH		SOLE	NONE	266,283	0	0
Fortuna Silver Mines Inc.	COM	349915108	2,633	462,707	SH		SOLE	NONE	462,707	0	0
Franco-Nevada Corp.	COM	351858105	14,004	191,879	SH		SOLE	NONE	191,879	0	0
Franklin FTSE Japan ETF	ETF	35473P744	133,980	5,203,683	SH		SOLE	NONE	0	0	0
GNC Holdings Inc.	CCB	36191GAB3	897	1,355,000	PRN		SOLE	NONE	1,355,000	0	0
Global Payments Inc.	COM	37940X102	56,821	509,653	SH		SOLE	NONE	509,653	0	0
Gold Standard Ventures Corp.	COM	380738104	1,187	862,200	SH		SOLE	NONE	862,200	0	0
Goldcorp Inc.	COM	380956409	53,982	3,935,727	SH		SOLE	NONE	3,935,727	0	0
Golden Star Resources Ltd.	COM	38119T104	1,711	2,498,900	SH		SOLE	NONE	2,498,900	0	0
Granite Construction Inc.	COM	387328107	4,197	75,404	SH		SOLE	NONE	75,404	0	0
CGI Group Inc.	COM	39945C109	43,723	689,957	SH		SOLE	NONE	689,957	0	0
GrubHub Inc.	COM	400110102	4,721	45,000	SH		SOLE	NONE	45,000	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,344	12,800	SH		SOLE	NONE	12,800	0	0
Halliburton Co.	COM	406216101	1,524	33,830	SH		SOLE	NONE	33,830	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	877	44,407	SH		SOLE	NONE	44,407	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	CCB	41068XAB6	1,921	2,000,000	PRN		SOLE	NONE	2,000,000	0	0
HealthEquity Inc.	COM	42226A107	9,365	124,700	SH		SOLE	NONE	124,700	0	0
HEICO Corp.	COM	422806109	7,122	97,656	SH		SOLE	NONE	97,656	0	0
The Home Depot Inc.	COM	437076102	33,586	172,148	SH		SOLE	NONE	172,148	0	0
Honeywell International Inc.	COM	438516106	326,644	2,267,571	SH		SOLE	NONE	2,267,571	0	0
Hudbay Minerals Inc.	COM	443628102	5,801	1,040,445	SH		SOLE	NONE	1,040,445	0	0
JB Hunt Transport Services Inc.	COM	445658107	46,138	379,582	SH		SOLE	NONE	379,582	0	0
Huntington Ingalls Industries Inc.	COM	446413106	29,596	136,519	SH		SOLE	NONE	136,519	0	0
Huntsman Corp.	COM	447011107	1,346	46,083	SH		SOLE	NONE	46,083	0	0
HUYA Inc. ADR	ADR	44852D108	2,467	75,000	SH		SOLE	NONE	0	0	0
IDEXX Laboratories Inc.	COM	45168D104	76,518	351,098	SH		SOLE	NONE	351,098	0	0
Illumina Inc.	COM	452327109	101,297	362,694	SH		SOLE	NONE	362,694	0	0
Illumina Inc.	CCB	452327AH2	132	100,000	PRN		SOLE	NONE	100,000	0	0
Intel Corp.	COM	458140100	16,527	332,474	SH		SOLE	NONE	332,474	0	0
International Business Machines Corp.	COM	459200101	42,619	305,073	SH		SOLE	NONE	305,073	0	0
Invitation Homes Inc. REIT	REIT	46187W107	461	20,000	SH		SOLE	NONE	20,000	0	0
iShares MSCI Austria ETF	ETF	464286202	9,870	435,774	SH		SOLE	NONE	435,774	0	0
iShares MSCI World ETF	ETF	464286392	14	155	SH		SOLE	NONE	155	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	2	56	SH		SOLE	NONE	56	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	1	30	SH		SOLE	NONE	30	0	0
iShares MSCI Spain ETF	ETF	464286764	7,869	259,285	SH		SOLE	NONE	259,285	0	0
iShares MSCI South Korea ETF	ETF	464286772	37,840	558,861	SH		SOLE	NONE	558,861	0	0
iShares Core S&P 500 ETF	ETF	464287200	46,922	171,843	SH		SOLE	NONE	171,843	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	1,220	11,471	SH		SOLE	NONE	11,471	0	0
iShares S&P 500 Value ETF	ETF	464287408	5,285	47,993	SH		SOLE	NONE	47,993	0	0
iShares International Treasury Bond ETF	ETF	464288117	1,272	25,854	SH		SOLE	NONE	25,854	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	1,636	15,327	SH		SOLE	NONE	15,327	0	0
Ishares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	3	32	SH		SOLE	NONE	32	0	0
iShares Intermediate Government/Credit Bond ETF	ETF	464288612	856	7,939	SH		SOLE	NONE	7,939	0	0
iShares MSCI EAFE Growth ETF	ETF	464288885	18,494	234,699	SH		SOLE	NONE	234,699	0	0
iShares MSCI India ETF	ETF	46429B598	9,309	279,639	SH		SOLE	NONE	279,639	0	0
iShares MSCI China ETF	ETF	46429B671	99,677	1,542,983	SH		SOLE	NONE	1,542,983	0	0
iShares Edge MSCI Minimum Volatility EAFE ETF	ETF	46429B689	1,028	14,451	SH		SOLE	NONE	14,451	0	0
iShares Edge MSCI Minimum Volatility USA ETF	ETF	46429B697	1,027	19,326	SH		SOLE	NONE	19,326	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	2,196	34,646	SH		SOLE	NONE	34,646	0	0
iShares MSCI Singapore ETF	ETF	46434G780	66,018	2,751,894	SH		SOLE	NONE	2,751,894	0	0
iShares MSCI Japan ETF	ETF	46434G822	55,299	954,920	SH		SOLE	NONE	954,920	0	0
iShares MSCI Italy ETF	ETF	46434G830	37,611	1,301,853	SH		SOLE	NONE	1,301,853	0	0
iShares Core Total USD Bond Market ETF	ETF	46434V613	1,216	24,639	SH		SOLE	NONE	24,639	0	0
JPMorgan Chase & Co.	COM	46625H100	236,511	2,269,777	SH		SOLE	NONE	2,269,777	0	0
Johnson & Johnson	COM	478160104	37,199	306,571	SH		SOLE	NONE	306,571	0	0
j2 Global Inc.	COM	48123V102	4,055	46,816	SH		SOLE	NONE	46,816	0	0
Just Energy Group Inc.	COM	48213W101	95	26,266	SH		SOLE	NONE	26,266	0	0
Kinross Gold Corp.	COM	496902404	2,619	695,648	SH		SOLE	NONE	695,648	0	0
Kirkland Lake Gold Ltd.	COM	49741E100	555	26,200	SH		SOLE	NONE	26,200	0	0
The Kraft Heinz Co.	COM	500754106	65,604	1,044,322	SH		SOLE	NONE	1,044,322	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	745	90,461	SH		SOLE	NONE	90,461	0	0
Las Vegas Sands Corp.	COM	517834107	840	11,000	SH		SOLE	NONE	11,000	0	0
The Estee Lauder Cos. Inc.	COM	518439104	65,602	459,750	SH		SOLE	NONE	459,750	0	0
Lennar Corp.	COM	526057104	709	13,500	SH		SOLE	NONE	13,500	0	0
Liberty Interactive LLC	CCB	530715AN1	348	550,000	PRN		SOLE	NONE	550,000	0	0
Lincoln National Corp.	COM	534187109	18,364	294,998	SH		SOLE	NONE	294,998	0	0
Littelfuse Inc.	COM	537008104	4,265	18,693	SH		SOLE	NONE	18,693	0	0
Lockheed Martin Corp.	COM	539830109	29,451	99,687	SH		SOLE	NONE	99,687	0	0
Lululemon Athletica Inc.	COM	550021109	12,456	99,769	SH		SOLE	NONE	99,769	0	0
Macy's Inc.	COM	55616P104	320	8,537	SH		SOLE	NONE	8,537	0	0
MAG Silver Corp.	COM	55903Q104	2,681	248,207	SH		SOLE	NONE	248,207	0	0
Magna International Inc.	COM	559222401	12,338	212,141	SH		SOLE	NONE	212,141	0	0
Manulife Financial Corp.	COM	56501R106	56,681	3,154,746	SH		SOLE	NONE	3,154,746	0	0
Marathon Petroleum Corp.	COM	56585A102	1,677	23,908	SH		SOLE	NONE	23,908	0	0
Maxar Technologies Ltd.	COM	57778L103	3,975	79,172	SH		SOLE	NONE	79,172	0	0
McDonald's Corp.	COM	580135101	34,236	218,493	SH		SOLE	NONE	218,493	0	0
Methanex Corp.	COM	59151K108	96	1,357	SH		SOLE	NONE	1,357	0	0
MetLife Inc.	COM	59156R108	69,474	1,593,446	SH		SOLE	NONE	1,593,446	0	0
Microsoft Corp.	COM	594918104	48,086	487,643	SH		SOLE	NONE	487,643	0	0
Micron Technology Inc.	COM	595112103	42	802	SH		SOLE	NONE	802	0	0
Micron Technology Inc.	CCB	595112AY9	4,233	2,350,000	PRN		SOLE	NONE	2,350,000	0	0
MINDBODY Inc.	COM	60255W105	4,954	128,340	SH		SOLE	NONE	128,340	0	0
Moelis & Co.	COM	60786M105	145	2,468	SH		SOLE	NONE	2,468	0	0
Mondelez International Inc.	COM	609207105	122,930	2,998,283	SH		SOLE	NONE	2,998,283	0	0
Monolithic Power Systems Inc.	COM	609839105	2,661	19,904	SH		SOLE	NONE	19,904	0	0
Moody's Corp.	COM	615369105	180,040	1,055,579	SH		SOLE	NONE	1,055,579	0	0
National Retail Properties Inc. REIT	REIT	637417106	39,985	909,569	SH		SOLE	NONE	909,569	0	0
Netflix Inc.	COM	64110L106	162,669	415,575	SH		SOLE	NONE	415,575	0	0
NetEase Inc. ADR	ADR	64110W102	1,364	5,400	SH		SOLE	NONE	135,000	0	0
Newmont Mining Corp.	COM	651639106	6,264	166,100	SH		SOLE	NONE	166,100	0	0
NextEra Energy Inc.	COM	65339F101	685	4,100	SH		SOLE	NONE	4,100	0	0
Northrop Grumman Corp.	COM	666807102	166,580	541,373	SH		SOLE	NONE	541,373	0	0
Novellus Systems Inc.	CCB	670008AD3	104	20,000	PRN		SOLE	NONE	20,000	0	0
NVIDIA Corp.	COM	67066G104	65,448	276,268	SH		SOLE	NONE	276,268	0	0
Nutrien Ltd.	COM	67077M108	100,420	1,846,241	SH		SOLE	NONE	1,846,241	0	0
Occidental Petroleum Corp.	COM	674599105	93,394	1,116,088	SH		SOLE	NONE	1,116,088	0	0
Old Dominion Freight Line Inc.	COM	679580100	68,970	463,007	SH		SOLE	NONE	463,007	0	0
Omnicom Group Inc.	COM	681919106	95,143	1,247,444	SH		SOLE	NONE	1,247,444	0	0
ON Semiconductor Corp.	COM	682189105	1,237	55,627	SH		SOLE	NONE	55,627	0	0
Open Text Corp.	COM	683715106	19,698	559,657	SH		SOLE	NONE	559,657	0	0
Oracle Corp.	COM	68389X105	21,177	480,630	SH		SOLE	NONE	480,630	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	1,168	123,374	SH		SOLE	NONE	123,374	0	0
PDC Energy Inc.	COM	69327R101	1,259	20,835	SH		SOLE	NONE	20,835	0	0
Pan American Silver Corp.	COM	697900108	2,708	151,300	SH		SOLE	NONE	151,300	0	0
Parsley Energy Inc.	COM	701877102	3,349	110,595	SH		SOLE	NONE	110,595	0	0
Pattern Energy Group Inc.	COM	70338P100	1,084	57,834	SH		SOLE	NONE	57,834	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	8,180	8,200,000	PRN		SOLE	NONE	8,200,000	0	0
Pembina Pipeline Corp.	COM	706327103	6,759	195,168	SH		SOLE	NONE	195,168	0	0
PepsiCo Inc.	COM	713448108	26,671	244,980	SH		SOLE	NONE	244,980	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	869	86,682	SH		SOLE	NONE	86,682	0	0
Pfizer Inc.	COM	717081103	23,367	644,079	SH		SOLE	NONE	644,079	0	0
Philip Morris International Inc.	COM	718172109	137,621	1,704,491	SH		SOLE	NONE	1,704,491	0	0
Pioneer Natural Resources Co.	COM	723787107	1,292	6,829	SH		SOLE	NONE	6,829	0	0
Planet Fitness Inc.	COM	72703H101	3,955	90,000	SH		SOLE	NONE	90,000	0	0
Polaris Industries Inc.	COM	731068102	3,437	28,129	SH		SOLE	NONE	28,129	0	0
Precision Drilling Corp.	COM	74022D308	16,247	4,910,191	SH		SOLE	NONE	4,910,191	0	0
T Rowe Price Group Inc.	COM	74144T108	89,971	775,010	SH		SOLE	NONE	775,010	0	0
Booking Holdings Inc.	CCB	741503AX4	4,743	3,970,000	PRN		SOLE	NONE	3,970,000	0	0
Primerica Inc.	COM	74164M108	67,540	678,117	SH		SOLE	NONE	678,117	0	0
The Procter & Gamble Co.	COM	742718109	27,763	355,658	SH		SOLE	NONE	355,658	0	0
Prologis Inc. REIT	REIT	74340W103	26,977	410,669	SH		SOLE	NONE	410,669	0	0
Randgold Resources Ltd. ADR	ADR	752344309	13,820	179,273	SH		SOLE	NONE	179,273	0	0
Raymond James Financial Inc.	COM	754730109	63,330	708,785	SH		SOLE	NONE	708,785	0	0
RealPage Inc.	COM	75606N109	5,538	100,513	SH		SOLE	NONE	100,513	0	0
Restaurant Brands International Inc.	COM	76131D103	30,547	506,406	SH		SOLE	NONE	506,406	0	0
Ring Energy Inc.	COM	76680V108	3,202	253,736	SH		SOLE	NONE	253,736	0	0
Roper Technologies Inc.	COM	776696106	4,222	15,302	SH		SOLE	NONE	15,302	0	0
Royal Bank of Canada	COM	780087102	130,607	1,734,546	SH		SOLE	NONE	1,734,546	0	0
SEI Investments Co.	COM	784117103	34,927	558,654	SH		SOLE	NONE	558,654	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	1,735	6,394	SH		SOLE	NONE	6,394	0	0
SPDR Barclays International Corporate Bond ETF	ETF	78464A151	1,000	29,574	SH		SOLE	NONE	29,574	0	0
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	ETF	78464A391	648	24,051	SH		SOLE	NONE	24,051	0	0
SPDR Bloomberg Barclays High Yield Bond ETF	ETF	78464A417	754	21,247	SH		SOLE	NONE	21,247	0	0
SPDR Bloomberg Barclays International Treasury Bond ETF	ETF	78464A516	2,116	76,241	SH		SOLE	NONE	76,241	0	0
SPDR Portfolio Long Term Treasury ETF	ETF	78464A664	1,530	43,665	SH		SOLE	NONE	43,665	0	0
SPDR Bloomberg Barclays Intermediate Term Treasury ETF	ETF	78464A672	435	7,411	SH		SOLE	NONE	7,411	0	0
SPDR S&P Oil & Gas Exploration & Production ETF	ETF	78464A730	9,689	225,000	SH		SOLE	NONE	225,000	0	0
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	ETF	78468R663	5,211	56,897	SH		SOLE	NONE	56,897	0	0
SSR Mining Inc.	COM	784730103	3,173	321,600	SH		SOLE	NONE	321,600	0	0
SVB Financial Group	COM	78486Q101	2,888	10,000	SH		SOLE	NONE	10,000	0	0
Sandstorm Gold Ltd.	COM	80013R206	2,252	501,000	SH		SOLE	NONE	501,000	0	0
The Charles Schwab Corp.	COM	808513105	86,031	1,683,574	SH		SOLE	NONE	1,683,574	0	0
Select Energy Services Inc.	COM	81617J301	2,010	138,363	SH		SOLE	NONE	138,363	0	0
ServiceNow Inc.	CCB	81762PAB8	349	150,000	PRN		SOLE	NONE	150,000	0	0
Shaw Communications Inc.	COM	82028K200	8,170	401,084	SH		SOLE	NONE	0	0	0
The Sherwin-Williams Co.	COM	824348106	70,450	172,853	SH		SOLE	NONE	172,853	0	0
Shopify Inc.	COM	82509L107	4,963	34,018	SH		SOLE	NONE	34,018	0	0
Siteone Landscape Supply	COM	82982L103	4,199	50,000	SH		SOLE	NONE	50,000	0	0
AO Smith Corp.	COM	831865209	4,029	68,107	SH		SOLE	NONE	6,811	0	0
Sociedad Quimica y Minera de Chile SA ADR	ADR	833635105	24	501	SH		SOLE	NONE	501	0	0
Solitario Zinc Corp.	COM	8342EP107	48	111,630	SH		SOLE	NONE	111,630	0	0
Sony Corp. ADR	ADR	835699307	2,942	57,390	SH		SOLE	NONE	574	0	0
Southern Copper Corp.	COM	84265V105	12,842	273,983	SH		SOLE	NONE	273,983	0	0
Sprouts Farmers Market Inc.	COM	85208M102	2,022	91,637	SH		SOLE	NONE	91,637	0	0
Square Inc.	COM	852234103	6,189	100,404	SH		SOLE	NONE	100,404	0	0
Square Inc.	CCB	852234AB9	3,145	1,165,000	PRN		SOLE	NONE	1,165,000	0	0
Starwood Property Trust Inc.	CCB	85571BAB1	8,000	7,190,000	PRN		SOLE	NONE	7,190,000	0	0
Stryker Corp.	COM	863667101	540	3,200	SH		SOLE	NONE	3,200	0	0
Sun Life Financial Inc.	COM	866796105	43,219	1,075,476	SH		SOLE	NONE	1,075,476	0	0
Suncor Energy Inc.	COM	867224107	77,919	1,914,707	SH		SOLE	NONE	1,914,707	0	0
Synchrony Financial	COM	87165B103	29,716	890,242	SH		SOLE	NONE	890,242	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	56,185	1,025,834	SH		SOLE	NONE	1,025,834	0	0
The TJX Cos. Inc.	COM	872540109	68,519	719,893	SH		SOLE	NONE	719,893	0	0
T-Mobile US Inc.	COM	872590104	54,674	915,052	SH		SOLE	NONE	915,052	0	0
Tahoe Resources Inc.	COM	873868103	4,805	976,249	SH		SOLE	NONE	976,249	0	0
Taiwan Semiconductor Manufacturing Co. Ltd. ADR	ADR	874039100	124	3,400	SH		SOLE	NONE	3,400	0	0
TAL Education Group	CCB	874080AB0	211	25,000	PRN		SOLE	NONE	8,333	0	0
Teck Resources Ltd.	COM	878742204	19,835	778,624	SH		SOLE	NONE	778,624	0	0
TELUS Corp.	COM	87971M103	30,079	846,760	SH		SOLE	NONE	846,760	0	0
Tenaris SA ADR	ADR	88031M109	18,592	510,919	SH		SOLE	NONE	510,919	0	0
Teradyne Inc.	CCB	880770AG7	133	100,000	PRN		SOLE	NONE	100,000	0	0
Tesla Inc.	COM	88160R101	41,187	120,096	SH		SOLE	NONE	120,096	0	0
Tesla Inc.	CCB	88160RAD3	182	150,000	PRN		SOLE	NONE	150,000	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	23,568	969,059	SH		SOLE	NONE	969,059	0	0
Thermo Fisher Scientific Inc.	COM	883556102	31,020	149,754	SH		SOLE	NONE	149,754	0	0
3M Co.	COM	88579Y101	79,987	406,605	SH		SOLE	NONE	406,605	0	0
Tiffany & Co.	COM	886547108	4,855	36,889	SH		SOLE	NONE	36,889	0	0
Toronto-Dominion Bank	COM	891160509	80,119	1,384,262	SH		SOLE	NONE	1,384,262	0	0
TransCanada Corp.	COM	89353D107	3,314	76,604	SH		SOLE	NONE	76,604	0	0
Trex Co. Inc.	COM	89531P105	2,916	46,596	SH		SOLE	NONE	46,596	0	0
Trimble Inc.	COM	896239100	2,766	84,233	SH		SOLE	NONE	84,233	0	0
2U Inc.	COM	90214J101	4,178	50,000	SH		SOLE	NONE	50,000	0	0
US Bancorp	COM	902973304	23,114	462,090	SH		SOLE	NONE	462,090	0	0
US Concrete Inc.	COM	90333L201	5,696	108,491	SH		SOLE	NONE	108,491	0	0
United Rentals Inc.	COM	911363109	61,227	414,759	SH		SOLE	NONE	414,759	0	0
United Technologies Corp.	COM	913017109	18,049	144,361	SH		SOLE	NONE	144,361	0	0
UnitedHealth Group Inc.	COM	91324P102	85,524	348,593	SH		SOLE	NONE	348,593	0	0
Unum Group	COM	91529Y106	49,895	1,348,876	SH		SOLE	NONE	1,348,876	0	0
Vale SA ADR	ADR	91912E105	11,958	932,742	SH		SOLE	NONE	932,742	0	0
Valero Energy Corp.	COM	91913Y100	1,817	16,398	SH		SOLE	NONE	16,398	0	0
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	ETF	92189F494	1,339	78,696	SH		SOLE	NONE	78,696	0	0
Vanguard Total Bond Market ETF	ETF	921937835	5,945	75,074	SH		SOLE	NONE	75,074	0	0
Vanguard Total International Bond ETF	ETF	92203J407	19	350	SH		SOLE	NONE	0	0	0
Vanguard FTSE All-World ex-US ETF	ETF	922042775	652	12,571	SH		SOLE	NONE	12,571	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	1,095	25,956	SH		SOLE	NONE	25,956	0	0
Vanguard FTSE Pacific ETF	ETF	922042866	433	6,191	SH		SOLE	NONE	6,191	0	0
Vanguard FTSE Europe ETF	ETF	922042874	12	221	SH		SOLE	NONE	221	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	5,224	62,548	SH		SOLE	NONE	62,548	0	0
Vector Group Ltd.	CCB	92240MBC1	210	200,000	PRN		SOLE	NONE	200,000	0	0
Vanguard Small Cap ETF	ETF	922908751	647	4,155	SH		SOLE	NONE	0	0	0
Vermilion Energy Inc.	COM	923725105	26,290	728,999	SH		SOLE	NONE	728,999	0	0
Visa Inc.	COM	92826C839	42,737	322,667	SH		SOLE	NONE	322,667	0	0
Vulcan Materials Co.	COM	929160109	27,856	215,841	SH		SOLE	NONE	215,841	0	0
WEC Energy Group Inc.	COM	92939U106	323	5,000	SH		SOLE	NONE	5,000	0	0
Wabtec Corp.	COM	929740108	2,736	27,759	SH		SOLE	NONE	27,759	0	0
Walmart Inc.	COM	931142103	19,473	227,358	SH		SOLE	NONE	227,358	0	0
Waste Connections Inc.	COM	94106B101	5,596	74,331	SH		SOLE	NONE	74,331	0	0
Waste Management Inc.	COM	94106L109	241,111	2,964,235	SH		SOLE	NONE	2,964,235	0	0
Weibo Corp. ADR	ADR	948596101	533	6,000	SH		SOLE	NONE	6,000	0	0
Anthem Inc.	CCB	94973VBG1	4,330	1,325,000	PRN		SOLE	NONE	1,325,000	0	0
Wells Fargo & Company	COM	949746101	19,876	358,513	SH		SOLE	NONE	358,513	0	0
Wells Fargo & Co.	CPFD	949746804	132	105	SH		SOLE	NONE	105	0	0
West Pharmaceutical Services Inc.	COM	955306105	4,549	45,818	SH		SOLE	NONE	45,818	0	0
Western Copper And Gold Corp.	COM	95805V108	59	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	64,046	827,366	SH		SOLE	NONE	827,366	0	0
WestRock Co.	COM	96145D105	283	4,958	SH		SOLE	NONE	4,958	0	0
Wheaton Precious Metals Corp.	COM	962879102	7,605	344,532	SH		SOLE	NONE	344,532	0	0
The Williams Cos. Inc.	COM	969457100	96,906	3,574,532	SH		SOLE	NONE	3,574,532	0	0
WisdomTree Investments Inc.	COM	97717P104	5,019	552,807	SH		SOLE	NONE	552,807	0	0
Workday Inc.	CCB	98138HAD3	123	80,000	PRN		SOLE	NONE	80,000	0	0
WPX Energy Inc.	COM	98212B103	31,588	1,751,942	SH		SOLE	NONE	1,751,942	0	0
Wpx Energy Inc. Preferred	PFD	98212B202	382	5,000	SH		SOLE	NONE	5,000	0	0
Xilinx Inc.	COM	983919101	2,074	31,788	SH		SOLE	NONE	31,788	0	0
Xplore Technologies Corp.	COM	983950700	5	1,285	SH		SOLE	NONE	1,285	0	0
Xylem Inc.	COM	98419M100	5,073	75,287	SH		SOLE	NONE	75,287	0	0
Altaba Inc.	CCB	984332AF3	1,574	1,154,000	PRN		SOLE	NONE	1,154,000	0	0
Yum China Holdings Inc.	COM	98850P109	1,892	49,200	SH		SOLE	NONE	49,200	0	0
Zoetis Inc.	COM	98978V103	9,439	110,800	SH		SOLE	NONE	110,800	0	0
Atlassian Corp. PLC	COM	G06242104	1,584	25,331	SH		SOLE	NONE	25,331	0	0
Accenture PLC	COM	G1151C101	19,677	120,283	SH		SOLE	NONE	120,283	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	11,263	293,558	SH		SOLE	NONE	293,558	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	2,743	91,382	SH		SOLE	NONE	91,382	0	0
Credicorp Ltd.	COM	G2519Y108	6,925	30,760	SH		SOLE	NONE	30,760	0	0
Delphi Technologies PLC	COM	G2709G107	1,918	42,194	SH		SOLE	NONE	42,194	0	0
Ensco PLC	COM	G3157S106	414	56,973	SH		SOLE	NONE	56,973	0	0
Invesco Ltd.	COM	G491BT108	68,640	2,584,349	SH		SOLE	NONE	2,584,349	0	0
Jazz Pharmaceuticals plc	COM	G50871105	78,345	454,704	SH		SOLE	NONE	454,704	0	0
Johnson Controls International PLC	COM	G51502105	1,337	39,959	SH		SOLE	NONE	39,959	0	0
Medtronic PLC	COM	G5960L103	2,710	31,659	SH		SOLE	NONE	31,659	0	0
Aptiv PLC	COM	G6095L109	3,109	33,932	SH		SOLE	NONE	33,932	0	0
Chubb Ltd.	COM	H1467J104	200,164	1,575,848	SH		SOLE	NONE	1,575,848	0	0
Logitech International SA	ADR	H50430232	1,339	30,494	SH		SOLE	NONE	30,494	0	0
Orbotech Ltd.	COM	M75253100	33	540	SH		SOLE	NONE	540	0	0
InterXion Holding NV	COM	N47279109	5,630	90,202	SH		SOLE	NONE	90,202	0	0