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
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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
Materials Select Sector SPDR ETF	ETF	81369Y100	35,603	614,584	SH		OTR	1	0	50,000	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	67,819	712,760	SH		OTR	1	0	111,630	0
Consumer Staples Select Sector SPDR ETF	ETF	81369Y308	43,597	808,396	SH		OTR	1	0	695	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	4,595	60,667	SH		OTR	1	0	97,126	0
Financial Select Sector SPDR ETF	ETF	81369Y605	71,604	2,596,218	SH		OTR	1	0	100,000	0
Communication Services Select Sector SPDR Fund	ETF	81369Y852	17,869	364,670	SH		OTR	1	0	1,016,473	0
Real Estate Select Sector SPDR ETF	ETF	81369Y860	11,916	365,415	SH		OTR	1	0	2,156,106	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	12,750	242,161	SH		OTR	1	0	1,651,399	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	421	3,597	SH		SOLE	NONE	3,597	0	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	32,515	277,376	SH		OTR	1	0	277,376	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	412	5,265	SH		SOLE	NONE	5,265	0	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	70,432	898,356	SH		OTR	1	0	898,356	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	424	5,632	SH		SOLE	NONE	5,632	0	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	80,644	1,070,533	SH		OTR	1	0	1,070,533	0
Aflac Inc.	COM	001055102	38,625	820,585	SH		SOLE	NONE	820,585	0	0
AGCO Corp.	COM	001084102	99,540	1,637,442	SH		SOLE	NONE	1,637,442	0	0
AT&T Inc.	COM	00206R102	125,063	3,724,327	SH		SOLE	NONE	3,724,327	0	0
AbbVie Inc.	COM	00287Y109	157,574	1,666,036	SH		SOLE	NONE	1,666,036	0	0
Activision Blizzard Inc.	COM	00507V109	95,404	1,146,824	SH		SOLE	NONE	1,146,824	0	0
Adobe Systems Inc.	COM	00724F101	46,822	173,446	SH		SOLE	NONE	173,446	0	0
AdvanSix Inc.	COM	00773T101	2,334	68,758	SH		SOLE	NONE	68,758	0	0
Agnico Eagle Mines Ltd.	COM	008474108	20,856	610,590	SH		SOLE	NONE	610,590	0	0
Air Lease Corp.	COM	00912X302	4,588	100,000	SH		SOLE	NONE	100,000	0	0
Alamos Gold Inc.	COM	011532108	2,345	510,698	SH		SOLE	NONE	510,698	0	0
Alaska Air Group Inc.	COM	011659109	95,182	1,382,257	SH		SOLE	NONE	1,382,257	0	0
Albemarle Corp.	COM	012653101	2,461	24,669	SH		SOLE	NONE	24,669	0	0
Algonquin Power & Utilities Corp.	COM	015857105	16,719	1,616,381	SH		SOLE	NONE	1,616,381	0	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	101,727	617,427	SH		SOLE	NONE	617,427	0	0
Alio Gold Inc.	COM	01627X108	334	418,997	SH		SOLE	NONE	418,997	0	0
Alphabet Inc.	COM	02079K107	27,694	23,205	SH		SOLE	NONE	0	0	0
Altaba Inc.	COM	021346101	32,351	474,905	SH		SOLE	NONE	474,905	0	0
Altria Group Inc.	COM	02209S103	155,796	2,583,261	SH		SOLE	NONE	2,583,261	0	0
Amazon.com Inc.	COM	023135106	262,740	131,173	SH		SOLE	NONE	131,173	0	0
Amgen Inc.	COM	031162100	25,515	123,087	SH		SOLE	NONE	123,087	0	0
Amphenol Corp.	COM	032095101	2,737	29,114	SH		SOLE	NONE	29,114	0	0
Anadarko Petroleum Corp.	COM	032511107	87,050	1,291,357	SH		SOLE	NONE	1,291,357	0	0
Analog Devices Inc.	COM	032654105	3,393	36,700	SH		SOLE	NONE	36,700	0	0
Apple Inc.	COM	037833100	31,124	137,874	SH		SOLE	NONE	137,874	0	0
Asanko Gold Inc.	COM	04341Y105	1,651	2,091,020	SH		SOLE	NONE	2,091,020	0	0
Auryn Resources Inc.	COM	05208W108	301	281,400	SH		SOLE	NONE	281,400	0	0
Azul SA ADR	ADR	05501U106	1,089	61,227	SH		SOLE	NONE	61,227	0	0
BCE Inc.	COM	05534B760	12,830	316,674	SH		SOLE	NONE	316,674	0	0
BRP Inc.	COM	05577W200	8,766	186,866	SH		SOLE	NONE	186,866	0	0
Baidu Inc. ADR	ADR	056752108	4,798	20,980	SH		SOLE	NONE	2,098	0	0
Bank of America Corp.	COM	060505104	12,039	408,655	SH		SOLE	NONE	408,655	0	0
Bank Of America Corp.	CPFD	060505682	1,078	833	SH		SOLE	NONE	833	0	0
Bank of Montreal	COM	063671101	31,712	384,465	SH		SOLE	NONE	384,465	0	0
Bank of Nova Scotia	COM	064149107	113,925	1,911,299	SH		SOLE	NONE	1,911,299	0	0
Becton Dickinson and Co.	COM	075887109	548	2,100	SH		SOLE	NONE	2,100	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,500	38,250	SH		SOLE	NONE	38,250	0	0
Berkshire Hathaway Inc.	COM	084670702	26,601	124,242	SH		SOLE	NONE	12	0	0
Booking Holdings Inc.	COM	09857L108	49,628	25,014	SH		SOLE	NONE	25,014	0	0
Brighthouse Financial Inc.	COM	10922N103	5,518	124,724	SH		SOLE	NONE	124,724	0	0
Bristol-Myers Squibb Co.	COM	110122108	80,173	1,291,445	SH		SOLE	NONE	1,291,445	0	0
Broadcom Inc.	COM	11135F101	36,307	147,153	SH		SOLE	NONE	147,153	0	0
Brookfield Asset Management Inc.	COM	112585104	40,674	913,842	SH		SOLE	NONE	913,842	0	0
B2Gold Corp.	COM	11777Q209	3,325	1,460,714	SH		SOLE	NONE	1,460,714	0	0
CAE Inc.	COM	124765108	6,567	323,492	SH		SOLE	NONE	323,492	0	0
CME Group Inc.	COM	12572Q105	941	5,529	SH		SOLE	NONE	5,529	0	0
CRH Medical Corp.	COM	12626F105	45	11,369	SH		SOLE	NONE	11,369	0	0
CRH PLC ADR	ADR	12626K203	21	640	SH		SOLE	NONE	640	0	0
CSX Corp.	COM	126408103	106,024	1,431,792	SH		SOLE	NONE	1,431,792	0	0
CVS Health Corp.	COM	126650100	25,073	318,514	SH		SOLE	NONE	318,514	0	0
Calavo Growers Inc.	COM	128246105	5,809	60,131	SH		SOLE	NONE	60,131	0	0
Callon Petroleum Co.	COM	13123X102	1,283	107,010	SH		SOLE	NONE	107,010	0	0
Canadian National Railway Co.	COM	136375102	28,486	317,461	SH		SOLE	NONE	317,461	0	0
Canadian Natural Resources Ltd.	COM	136385101	78,761	2,410,713	SH		SOLE	NONE	2,410,713	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	37,478	177,170	SH		SOLE	NONE	177,170	0	0
Caterpillar Inc.	COM	149123101	85,364	559,802	SH		SOLE	NONE	559,802	0	0
Centene Corp.	COM	15135B101	107,933	745,495	SH		SOLE	NONE	745,495	0	0
Cenovus Energy Inc.	COM	15135U109	1,334	132,870	SH		SOLE	NONE	132,870	0	0
Ceridian HCM Holding Inc.	COM	15677J108	2,095	50,000	SH		SOLE	NONE	50,000	0	0
The Chefs' Warehouse Inc.	COM	163086101	6,201	170,600	SH		SOLE	NONE	170,600	0	0
Chegg Inc.	COM	163092109	4,265	150,000	SH		SOLE	NONE	150,000	0	0
Chevron Corp.	COM	166764100	7,643	62,503	SH		SOLE	NONE	62,503	0	0
Cisco Systems Inc.	COM	17275R102	27,494	565,141	SH		SOLE	NONE	565,141	0	0
The Coca-Cola Co.	COM	191216100	3,633	78,664	SH		SOLE	NONE	78,664	0	0
Coeur Mining Inc.	COM	192108504	2,013	377,700	SH		SOLE	NONE	377,700	0	0
IH Merger Sub LLC	CCB	19625XAB8	1,704	1,550,000	PRN		SOLE	NONE	1,550,000	0	0
Comcast Corp.	COM	20030N101	24,495	691,757	SH		SOLE	NONE	81,143	0	0
Concho Resources Inc.	COM	20605P101	1,334	8,735	SH		SOLE	NONE	8,735	0	0
ConocoPhillips	COM	20825C104	3,252	42,017	SH		SOLE	NONE	42,017	0	0
Continental Resources Inc.	COM	212015101	3,400	49,802	SH		SOLE	NONE	49,802	0	0
Corning Inc.	COM	219350105	58,507	1,657,432	SH		SOLE	NONE	1,657,432	0	0
Costco Wholesale Corp.	COM	22160K105	106,158	451,967	SH		SOLE	NONE	451,967	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	21,292	572,823	SH		SOLE	NONE	71,603	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	2,287	2,338,000	PRN		SOLE	NONE	292,250	0	0
Cummins Inc.	COM	231021106	1,432	9,804	SH		SOLE	NONE	9,804	0	0
Danaher Corp.	COM	235851102	23,311	214,531	SH		SOLE	NONE	214,531	0	0
Delek US Holdings Inc.	COM	24665A103	2,390	56,329	SH		SOLE	NONE	56,329	0	0
The Descartes Systems Group Inc.	COM	249906108	4,667	137,590	SH		SOLE	NONE	137,590	0	0
Devon Energy Corp.	COM	25179M103	3,838	96,101	SH		SOLE	NONE	96,101	0	0
The Walt Disney Co.	COM	254687106	27,142	232,098	SH		SOLE	NONE	232,098	0	0
Dollar General Corp.	COM	256677105	31,902	291,871	SH		SOLE	NONE	291,871	0	0
DowDuPont Inc.	COM	26078J100	24,133	375,253	SH		SOLE	NONE	375,253	0	0
Duke Energy Corp.	COM	26441C204	1,983	24,780	SH		SOLE	NONE	24,780	0	0
The Dun & Bradstreet Corp.	COM	26483E100	92,768	650,961	SH		SOLE	NONE	650,961	0	0
EOG Resources Inc.	COM	26875P101	5,038	39,491	SH		SOLE	NONE	39,491	0	0
E Trade Financial Corp.	COM	269246401	70,944	1,354,150	SH		SOLE	NONE	1,354,150	0	0
Eastman Chemical Co.	COM	277432100	2,826	29,523	SH		SOLE	NONE	29,523	0	0
Ecolab Inc.	COM	278865100	4,355	27,779	SH		SOLE	NONE	27,779	0	0
8x8 Inc.	COM	282914100	2,125	100,000	SH		SOLE	NONE	100,000	0	0
Elanco Animal Health Inc.	COM	28414H103	1,396	40,000	SH		SOLE	NONE	40,000	0	0
Emerson Electric Co.	COM	291011104	4,324	56,469	SH		SOLE	NONE	56,469	0	0
Encana Corp.	COM	292505104	18,208	1,389,126	SH		SOLE	NONE	1,389,126	0	0
Enbridge Inc.	COM	29250N105	34,703	1,075,378	SH		SOLE	NONE	1,075,378	0	0
Enerplus Corp.	COM	292766102	13,964	1,130,861	SH		SOLE	NONE	1,130,861	0	0
Equinix Inc. REIT	REIT	29444U700	2,040	4,713	SH		SOLE	NONE	4,713	0	0
Etsy Inc.	COM	29786A106	6,423	125,000	SH		SOLE	NONE	125,000	0	0
Evercore Inc.	COM	29977A105	10,075	100,201	SH		SOLE	NONE	100,201	0	0
Exelon Corp.	COM	30161N101	181	4,149	SH		SOLE	NONE	4,149	0	0
Express Scripts Holding Co.	COM	30219G108	21,856	230,044	SH		SOLE	NONE	230,044	0	0
Exxon Mobil Corp.	COM	30231G102	83,730	984,824	SH		SOLE	NONE	984,824	0	0
FedEx Corp.	COM	31428X106	10,821	44,938	SH		SOLE	NONE	44,938	0	0
First Solar Inc.	COM	336433107	1,020	21,064	SH		SOLE	NONE	21,064	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	17,534	177,169	SH		SOLE	NONE	177,169	0	0
Fortis Inc.	COM	349553107	5,125	158,056	SH		SOLE	NONE	158,056	0	0
Fortuna Silver Mines Inc.	COM	349915108	2,020	462,707	SH		SOLE	NONE	462,707	0	0
Franco-Nevada Corp.	COM	351858105	11,007	175,963	SH		SOLE	NONE	175,963	0	0
Franklin FTSE Japan ETF	ETF	35473P744	140,547	5,250,366	SH		SOLE	NONE	0	0	0
Global Payments Inc.	COM	37940X102	66,186	519,512	SH		SOLE	NONE	519,512	0	0
Gold Standard Ventures Corp.	COM	380738104	1,763	1,030,200	SH		SOLE	NONE	1,030,200	0	0
Goldcorp Inc.	COM	380956409	42,537	4,171,867	SH		SOLE	NONE	4,171,867	0	0
Golden Star Resources Ltd.	COM	38119T104	1,838	2,498,900	SH		SOLE	NONE	2,498,900	0	0
Granite Construction Inc.	COM	387328107	18	404	SH		SOLE	NONE	404	0	0
CGI Group Inc.	COM	39945C109	44,407	688,744	SH		SOLE	NONE	688,744	0	0
GrubHub Inc.	COM	400110102	9,739	70,256	SH		SOLE	NONE	70,256	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,299	13,800	SH		SOLE	NONE	13,800	0	0
Halliburton Co.	COM	406216101	1,036	25,549	SH		SOLE	NONE	25,549	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	1,179	54,936	SH		SOLE	NONE	54,936	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	CCB	41068XAB6	1,908	1,960,000	PRN		SOLE	NONE	1,960,000	0	0
HealthEquity Inc.	COM	42226A107	6,609	70,000	SH		SOLE	NONE	70,000	0	0
HEICO Corp.	COM	422806109	9,044	97,656	SH		SOLE	NONE	97,656	0	0
The Home Depot Inc.	COM	437076102	31,087	150,069	SH		SOLE	NONE	150,069	0	0
Honeywell International Inc.	COM	438516106	312,824	1,879,951	SH		SOLE	NONE	1,879,951	0	0
Hudbay Minerals Inc.	COM	443628102	5,278	1,042,430	SH		SOLE	NONE	1,042,430	0	0
JB Hunt Transport Services Inc.	COM	445658107	46,021	386,925	SH		SOLE	NONE	386,925	0	0
Huntington Ingalls Industries Inc.	COM	446413106	34,847	136,078	SH		SOLE	NONE	136,078	0	0
Huntsman Corp.	COM	447011107	1,266	46,481	SH		SOLE	NONE	46,481	0	0
HUYA Inc. ADR	ADR	44852D108	15	633	SH		SOLE	NONE	633	0	0
IDEXX Laboratories Inc.	COM	45168D104	89,275	357,585	SH		SOLE	NONE	357,585	0	0
Illumina Inc.	COM	452327109	135,633	369,513	SH		SOLE	NONE	369,513	0	0
Illumina Inc.	CCB	452327AH2	1,168	775,000	PRN		SOLE	NONE	775,000	0	0
Innoviva Inc.	CCB	45781MAB7	830	750,000	PRN		SOLE	NONE	750,000	0	0
Intel Corp.	COM	458140100	15,723	332,474	SH		SOLE	NONE	332,474	0	0
International Business Machines Corp.	COM	459200101	45,518	301,028	SH		SOLE	NONE	301,028	0	0
iQIYI Inc. ADR	ADR	46267X108	2,724	100,626	SH		SOLE	NONE	100,626	0	0
iShares MSCI Austria ETF	ETF	464286202	10,027	438,230	SH		SOLE	NONE	438,230	0	0
iShares MSCI World ETF	ETF	464286392	15	163	SH		SOLE	NONE	163	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	3	80	SH		SOLE	NONE	80	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	1	30	SH		SOLE	NONE	30	0	0
iShares MSCI Spain ETF	ETF	464286764	7,721	260,746	SH		SOLE	NONE	260,746	0	0
iShares MSCI South Korea ETF	ETF	464286772	38,230	559,982	SH		SOLE	NONE	559,982	0	0
iShares Core S&P 500 ETF	ETF	464287200	50,300	171,832	SH		SOLE	NONE	171,832	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	1,647	15,606	SH		SOLE	NONE	15,606	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	19,314	450,000	SH		SOLE	NONE	450,000	0	0
iShares S&P 500 Value ETF	ETF	464287408	5,638	48,668	SH		SOLE	NONE	48,668	0	0
iShares International Treasury Bond ETF	ETF	464288117	1,147	23,823	SH		SOLE	NONE	23,823	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	1,628	15,100	SH		SOLE	NONE	15,100	0	0
iShares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	3	33	SH		SOLE	NONE	33	0	0
iShares Intermediate Government/Credit Bond ETF	ETF	464288612	838	7,808	SH		SOLE	NONE	7,808	0	0
iShares MSCI EAFE Growth ETF	ETF	464288885	16,702	208,593	SH		SOLE	NONE	208,593	0	0
iShares MSCI India ETF	ETF	46429B598	11,969	368,607	SH		SOLE	NONE	368,607	0	0
iShares MSCI China ETF	ETF	46429B671	92,593	1,546,051	SH		SOLE	NONE	1,546,051	0	0
iShares Edge MSCI Minimum Volatility EAFE ETF	ETF	46429B689	939	12,898	SH		SOLE	NONE	12,898	0	0
iShares Edge MSCI Minimum Volatility USA ETF	ETF	46429B697	1,038	18,191	SH		SOLE	NONE	18,191	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	1,999	31,191	SH		SOLE	NONE	31,191	0	0
iShares Core 1-5 Year USD Bond ETF	ETF	46432F859	4,230	86,327	SH		SOLE	NONE	86,327	0	0
iShares MSCI Singapore ETF	ETF	46434G780	66,875	2,755,479	SH		SOLE	NONE	2,755,479	0	0
iShares MSCI Japan ETF	ETF	46434G822	87,631	1,454,937	SH		SOLE	NONE	1,454,937	0	0
iShares MSCI Italy ETF	ETF	46434G830	36,115	1,305,676	SH		SOLE	NONE	1,305,676	0	0
JPMorgan Chase & Co.	COM	46625H100	254,827	2,258,300	SH		SOLE	NONE	2,258,300	0	0
Jazz Investments I Ltd.	CCB	472145AB7	1,070	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Johnson & Johnson	COM	478160104	36,820	266,486	SH		SOLE	NONE	266,486	0	0
Kinross Gold Corp.	COM	496902404	1,437	527,308	SH		SOLE	NONE	527,308	0	0
Kirkland Lake Gold Ltd.	COM	49741E100	3,380	178,350	SH		SOLE	NONE	178,350	0	0
The Kraft Heinz Co.	COM	500754106	56,680	1,028,494	SH		SOLE	NONE	1,028,494	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	1,751	201,992	SH		SOLE	NONE	201,992	0	0
The Estee Lauder Cos. Inc.	COM	518439104	30,416	209,303	SH		SOLE	NONE	209,303	0	0
Liberty Interactive LLC	CCB	530715AN1	379	550,000	PRN		SOLE	NONE	550,000	0	0
Lincoln National Corp.	COM	534187109	20,019	295,876	SH		SOLE	NONE	295,876	0	0
Lockheed Martin Corp.	COM	539830109	28,576	82,598	SH		SOLE	NONE	82,598	0	0
Lululemon Athletica Inc.	COM	550021109	16,223	99,843	SH		SOLE	NONE	99,843	0	0
Macy's Inc.	COM	55616P104	296	8,537	SH		SOLE	NONE	8,537	0	0
MAG Silver Corp.	COM	55903Q104	2,088	258,307	SH		SOLE	NONE	258,307	0	0
Magna International Inc.	COM	559222401	11,144	212,141	SH		SOLE	NONE	212,141	0	0
Manulife Financial Corp.	COM	56501R106	54,300	3,037,527	SH		SOLE	NONE	3,037,527	0	0
Marathon Petroleum Corp.	COM	56585A102	2,820	35,264	SH		SOLE	NONE	35,264	0	0
Maxar Technologies Ltd.	COM	57778L103	10,873	330,126	SH		SOLE	NONE	330,126	0	0
McDonald's Corp.	COM	580135101	33,244	198,720	SH		SOLE	NONE	198,720	0	0
MetLife Inc.	COM	59156R108	74,364	1,591,696	SH		SOLE	NONE	1,591,696	0	0
Microsoft Corp.	COM	594918104	46,482	406,415	SH		SOLE	NONE	406,415	0	0
MINDBODY Inc.	COM	60255W105	1,028	25,300	SH		SOLE	NONE	25,300	0	0
Mondelez International Inc.	COM	609207105	126,937	2,954,783	SH		SOLE	NONE	2,954,783	0	0
Monolithic Power Systems Inc.	COM	609839105	2,499	19,904	SH		SOLE	NONE	19,904	0	0
Moody's Corp.	COM	615369105	163,869	980,080	SH		SOLE	NONE	980,080	0	0
National Retail Properties Inc. REIT	REIT	637417106	39,443	880,035	SH		SOLE	NONE	880,035	0	0
Navistar International	CCB	63934EAS7	1,520	1,500,000	PRN		SOLE	NONE	1,500,000	0	0
Netflix Inc.	COM	64110L106	50,228	134,254	SH		SOLE	NONE	134,254	0	0
NetEase Inc. ADR	ADR	64110W102	1,552	6,800	SH		SOLE	NONE	170,000	0	0
Newmont Mining Corp.	COM	651639106	4,041	133,800	SH		SOLE	NONE	133,800	0	0
NextEra Energy Inc.	COM	65339F101	687	4,100	SH		SOLE	NONE	4,100	0	0
Northrop Grumman Corp.	COM	666807102	169,344	533,584	SH		SOLE	NONE	533,584	0	0
NVIDIA Corp.	COM	67066G104	77,845	277,007	SH		SOLE	NONE	277,007	0	0
Nutrien Ltd.	COM	67077M108	104,023	1,802,186	SH		SOLE	NONE	1,802,186	0	0
Occidental Petroleum Corp.	COM	674599105	94,502	1,150,074	SH		SOLE	NONE	1,150,074	0	0
Old Dominion Freight Line Inc.	COM	679580100	78,531	486,981	SH		SOLE	NONE	486,981	0	0
Omnicom Group Inc.	COM	681919106	104,632	1,538,251	SH		SOLE	NONE	1,538,251	0	0
ON Semiconductor Corp.	COM	682189105	850	46,129	SH		SOLE	NONE	46,129	0	0
Open Text Corp.	COM	683715106	13,380	351,636	SH		SOLE	NONE	351,636	0	0
Oracle Corp.	COM	68389X105	24,781	480,630	SH		SOLE	NONE	480,630	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	823	108,474	SH		SOLE	NONE	108,474	0	0
PDC Energy Inc.	COM	69327R101	578	11,811	SH		SOLE	NONE	11,811	0	0
Pan American Silver Corp.	COM	697900108	2,233	151,300	SH		SOLE	NONE	151,300	0	0
Parsley Energy Inc.	COM	701877102	3,263	111,550	SH		SOLE	NONE	111,550	0	0
Pattern Energy Group Inc.	COM	70338P100	801	40,290	SH		SOLE	NONE	40,290	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	2,708	2,708,000	PRN		SOLE	NONE	2,708,000	0	0
PayPal Holdings Inc.	COM	70450Y103	54,497	620,412	SH		SOLE	NONE	620,412	0	0
Pembina Pipeline Corp.	COM	706327103	5,472	161,029	SH		SOLE	NONE	161,029	0	0
PepsiCo Inc.	COM	713448108	22,896	204,794	SH		SOLE	NONE	204,794	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	1,030	85,354	SH		SOLE	NONE	85,354	0	0
Pfizer Inc.	COM	717081103	22,534	511,318	SH		SOLE	NONE	511,318	0	0
Philip Morris International Inc.	COM	718172109	135,049	1,656,225	SH		SOLE	NONE	1,656,225	0	0
Pioneer Natural Resources Co.	COM	723787107	1,875	10,763	SH		SOLE	NONE	10,763	0	0
Planet Fitness Inc.	COM	72703H101	8,132	150,507	SH		SOLE	NONE	150,507	0	0
Precision Drilling Corp.	COM	74022D308	16,955	4,910,191	SH		SOLE	NONE	4,910,191	0	0
Pretium Resources Inc.	COM	74139C102	783	103,000	SH		SOLE	NONE	103,000	0	0
T Rowe Price Group Inc.	COM	74144T108	85,855	786,358	SH		SOLE	NONE	786,358	0	0
Booking Holdings Inc.	CCB	741503AX4	2,563	2,160,000	PRN		SOLE	NONE	2,160,000	0	0
Primerica Inc.	COM	74164M108	83,136	689,637	SH		SOLE	NONE	689,637	0	0
The Procter & Gamble Co.	COM	742718109	26,426	317,501	SH		SOLE	NONE	317,501	0	0
Prologis Inc. REIT	REIT	74340W103	28,378	418,612	SH		SOLE	NONE	418,612	0	0
Randgold Resources Ltd. ADR	ADR	752344309	6,680	94,678	SH		SOLE	NONE	94,678	0	0
Raymond James Financial Inc.	COM	754730109	66,034	717,376	SH		SOLE	NONE	717,376	0	0
RealPage Inc.	COM	75606N109	6,624	100,513	SH		SOLE	NONE	100,513	0	0
Restaurant Brands International Inc.	COM	76131D103	17,263	291,547	SH		SOLE	NONE	291,547	0	0
Ring Energy Inc.	COM	76680V108	1,648	166,263	SH		SOLE	NONE	166,263	0	0
Roper Technologies Inc.	COM	776696106	5,064	17,097	SH		SOLE	NONE	17,097	0	0
Royal Bank of Canada	COM	780087102	123,700	1,543,149	SH		SOLE	NONE	1,543,149	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	2,084	7,168	SH		SOLE	NONE	7,168	0	0
SPDR Barclays International Corporate Bond ETF	ETF	78464A151	927	27,591	SH		SOLE	NONE	27,591	0	0
SPDR Barclays Convertible Securities ETF	ETF	78464A359	9,871	183,000	SH		SOLE	NONE	183,000	0	0
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	ETF	78464A391	628	23,881	SH		SOLE	NONE	23,881	0	0
SPDR Bloomberg Barclays High Yield Bond ETF	ETF	78464A417	733	20,327	SH		SOLE	NONE	20,327	0	0
SPDR Bloomberg Barclays International Treasury Bond ETF	ETF	78464A516	1,907	69,634	SH		SOLE	NONE	69,634	0	0
SPDR Bloomberg Barclays TIPS ETF	ETF	78464A656	1,045	19,187	SH		SOLE	NONE	19,187	0	0
SPDR Portfolio Long Term Treasury ETF	ETF	78464A664	1,467	43,409	SH		SOLE	NONE	43,409	0	0
SPDR Bloomberg Barclays Intermediate Term Treasury ETF	ETF	78464A672	419	7,197	SH		SOLE	NONE	7,197	0	0
SPDR S&P Oil & Gas Exploration & Production ETF	ETF	78464A730	9,740	225,000	SH		SOLE	NONE	225,000	0	0
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	ETF	78468R663	5,431	59,298	SH		SOLE	NONE	59,298	0	0
SSR Mining Inc.	COM	784730103	2,796	321,600	SH		SOLE	NONE	321,600	0	0
SVB Financial Group	COM	78486Q101	3,108	10,000	SH		SOLE	NONE	10,000	0	0
Sandstorm Gold Ltd.	COM	80013R206	1,866	501,000	SH		SOLE	NONE	501,000	0	0
The Charles Schwab Corp.	COM	808513105	84,349	1,716,148	SH		SOLE	NONE	1,716,148	0	0
Select Energy Services Inc.	COM	81617J301	1,154	97,432	SH		SOLE	NONE	97,432	0	0
ServiceNow Inc.	CCB	81762PAB8	396	150,000	PRN		SOLE	NONE	150,000	0	0
ServiceNow Inc.	CCB	81762PAC6	820	550,000	PRN		SOLE	NONE	550,000	0	0
Shaw Communications Inc.	COM	82028K200	6,553	336,300	SH		SOLE	NONE	0	0	0
The Sherwin-Williams Co.	COM	824348106	76,156	167,299	SH		SOLE	NONE	167,299	0	0
Shopify Inc.	COM	82509L107	5,595	34,018	SH		SOLE	NONE	34,018	0	0
Silver Standard Resources Inc.	CCB	82823LAC0	982	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
SilverCrest Metals Inc.	COM	828363101	4,281	1,755,389	SH		SOLE	NONE	1,755,389	0	0
Siteone Landscape Supply	COM	82982L103	3,767	50,000	SH		SOLE	NONE	50,000	0	0
AO Smith Corp.	COM	831865209	1,865	34,954	SH		SOLE	NONE	3,495	0	0
Solitario Zinc Corp.	COM	8342EP107	39	111,630	SH		SOLE	NONE	111,630	0	0
Sony Corp. ADR	ADR	835699307	4,215	69,500	SH		SOLE	NONE	695	0	0
Southern Copper Corp.	COM	84265V105	12,004	278,253	SH		SOLE	NONE	278,253	0	0
Sprouts Farmers Market Inc.	COM	85208M102	2,662	97,126	SH		SOLE	NONE	97,126	0	0
Square Inc.	COM	852234103	9,901	100,000	SH		SOLE	NONE	100,000	0	0
Square Inc.	CCB	852234AB9	4,966	1,148,000	PRN		SOLE	NONE	1,148,000	0	0
Stryker Corp.	COM	863667101	569	3,200	SH		SOLE	NONE	3,200	0	0
Sun Life Financial Inc.	COM	866796105	40,410	1,016,473	SH		SOLE	NONE	1,016,473	0	0
Suncor Energy Inc.	COM	867224107	83,430	2,156,106	SH		SOLE	NONE	2,156,106	0	0
Synchrony Financial	COM	87165B103	51,325	1,651,399	SH		SOLE	NONE	1,651,399	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	54,946	1,040,049	SH		SOLE	NONE	1,040,049	0	0
The TJX Cos. Inc.	COM	872540109	66,610	594,625	SH		SOLE	NONE	594,625	0	0
T-Mobile US Inc.	COM	872590104	119,420	1,701,619	SH		SOLE	NONE	1,701,619	0	0
Tahoe Resources Inc.	COM	873868103	2,702	977,684	SH		SOLE	NONE	977,684	0	0
Taiwan Semiconductor Manufacturing Co. Ltd. ADR	ADR	874039100	136	3,083	SH		SOLE	NONE	3,083	0	0
Take-Two Interactive Software Inc.	COM	874054109	44,531	322,713	SH		SOLE	NONE	322,713	0	0
TAL Education Group	CCB	874080AB0	147	25,000	PRN		SOLE	NONE	8,333	0	0
Teck Resources Ltd.	COM	878742204	25,612	1,062,702	SH		SOLE	NONE	1,062,702	0	0
TELUS Corp.	COM	87971M103	24,885	675,130	SH		SOLE	NONE	675,130	0	0
Tenaris SA ADR	ADR	88031M109	17,393	518,893	SH		SOLE	NONE	518,893	0	0
Tesla Inc.	COM	88160R101	32,235	121,746	SH		SOLE	NONE	121,746	0	0
Tesla Inc.	CCB	88160RAD3	969	950,000	PRN		SOLE	NONE	950,000	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	30,565	1,418,995	SH		SOLE	NONE	1,418,995	0	0
Thermo Fisher Scientific Inc.	COM	883556102	36,289	148,676	SH		SOLE	NONE	148,676	0	0
3M Co.	COM	88579Y101	79,756	378,512	SH		SOLE	NONE	378,512	0	0
Toronto-Dominion Bank	COM	891160509	77,962	1,282,968	SH		SOLE	NONE	1,282,968	0	0
TransCanada Corp.	COM	89353D107	2,012	49,735	SH		SOLE	NONE	49,735	0	0
Trex Co. Inc.	COM	89531P105	3,620	47,020	SH		SOLE	NONE	47,020	0	0
Trimble Inc.	COM	896239100	4,202	96,694	SH		SOLE	NONE	96,694	0	0
2U Inc.	COM	90214J101	3,760	50,000	SH		SOLE	NONE	50,000	0	0
Tyler Technologies Inc.	COM	902252105	4,901	20,000	SH		SOLE	NONE	20,000	0	0
US Bancorp	COM	902973304	24,403	462,090	SH		SOLE	NONE	462,090	0	0
United Rentals Inc.	COM	911363109	69,167	422,779	SH		SOLE	NONE	422,779	0	0
United Technologies Corp.	COM	913017109	20,183	144,361	SH		SOLE	NONE	144,361	0	0
UnitedHealth Group Inc.	COM	91324P102	93,974	353,233	SH		SOLE	NONE	353,233	0	0
Unum Group	COM	91529Y106	27,965	715,756	SH		SOLE	NONE	715,756	0	0
Vale SA ADR	ADR	91912E105	13,971	941,409	SH		SOLE	NONE	941,409	0	0
Valero Energy Corp.	COM	91913Y100	2,371	20,848	SH		SOLE	NONE	20,848	0	0
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	ETF	92189F494	1,311	79,642	SH		SOLE	NONE	79,642	0	0
Vanguard Total Bond Market ETF	ETF	921937835	1,873	23,798	SH		SOLE	NONE	0	0	0
Vanguard Total International Bond ETF	ETF	92203J407	19	357	SH		SOLE	NONE	0	0	0
Vanguard FTSE All-World ex-US ETF	ETF	922042775	826	15,863	SH		SOLE	NONE	15,863	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	836	20,389	SH		SOLE	NONE	20,389	0	0
Vanguard FTSE Europe ETF	ETF	922042874	9	159	SH		SOLE	NONE	159	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	3,559	42,611	SH		SOLE	NONE	42,611	0	0
Vector Group Ltd.	CCB	92240MBC1	1,041	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Vanguard Small Cap ETF	ETF	922908751	622	3,823	SH		SOLE	NONE	0	0	0
Vermilion Energy Inc.	COM	923725105	20,447	620,557	SH		SOLE	NONE	620,557	0	0
Visa Inc.	COM	92826C839	46,882	312,362	SH		SOLE	NONE	312,362	0	0
WEC Energy Group Inc.	COM	92939U106	334	5,000	SH		SOLE	NONE	5,000	0	0
Wabtec Corp.	COM	929740108	3,679	35,082	SH		SOLE	NONE	35,082	0	0
Walmart Inc.	COM	931142103	21,351	227,358	SH		SOLE	NONE	227,358	0	0
Waste Connections Inc.	COM	94106B101	5,929	74,331	SH		SOLE	NONE	74,331	0	0
Waste Management Inc.	COM	94106L109	247,452	2,738,512	SH		SOLE	NONE	2,738,512	0	0
Weibo Corp. ADR	ADR	948596101	585	8,000	SH		SOLE	NONE	8,000	0	0
Anthem Inc.	CCB	94973VBG1	4,926	1,305,000	PRN		SOLE	NONE	1,305,000	0	0
Wells Fargo & Company	COM	949746101	18,843	358,513	SH		SOLE	NONE	358,513	0	0
Wells Fargo & Co.	CPFD	949746804	1,061	825	SH		SOLE	NONE	825	0	0
Western Copper And Gold Corp.	COM	95805V108	47	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	47,992	819,819	SH		SOLE	NONE	819,819	0	0
Wheaton Precious Metals Corp.	COM	962879102	6,506	371,833	SH		SOLE	NONE	371,833	0	0
The Williams Cos. Inc.	COM	969457100	96,331	3,542,880	SH		SOLE	NONE	3,542,880	0	0
WisdomTree Investments Inc.	COM	97717P104	4,688	552,807	SH		SOLE	NONE	552,807	0	0
Workday Inc.	CCB	98138HAD3	144	80,000	PRN		SOLE	NONE	80,000	0	0
WPX Energy Inc.	COM	98212B103	36,760	1,827,037	SH		SOLE	NONE	1,827,037	0	0
Xylem Inc.	COM	98419M100	5,813	72,787	SH		SOLE	NONE	72,787	0	0
Altaba Inc.	CCB	984332AF3	1,436	1,130,000	PRN		SOLE	NONE	1,130,000	0	0
Yum China Holdings Inc.	COM	98850P109	1,727	49,200	SH		SOLE	NONE	49,200	0	0
Zoetis Inc.	COM	98978V103	6,361	69,475	SH		SOLE	NONE	69,475	0	0
Atlassian Corp. PLC	COM	G06242104	2,435	25,331	SH		SOLE	NONE	25,331	0	0
Accenture PLC	COM	G1151C101	20,472	120,283	SH		SOLE	NONE	120,283	0	0
Brookfield Property Partners LP	COM	G16249107	418	20,000	SH		SOLE	NONE	20,000	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	8,279	207,364	SH		SOLE	NONE	207,364	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	2,769	91,382	SH		SOLE	NONE	91,382	0	0
Credicorp Ltd.	COM	G2519Y108	6,968	31,234	SH		SOLE	NONE	31,234	0	0
Delphi Technologies PLC	COM	G2709G107	1,323	42,194	SH		SOLE	NONE	42,194	0	0
Invesco Ltd.	COM	G491BT108	58,679	2,564,648	SH		SOLE	NONE	2,564,648	0	0
Jazz Pharmaceuticals plc	COM	G50871105	77,130	458,755	SH		SOLE	NONE	458,755	0	0
Medtronic PLC	COM	G5960L103	4,343	44,149	SH		SOLE	NONE	44,149	0	0
Aptiv PLC	COM	G6095L109	2,847	33,932	SH		SOLE	NONE	33,932	0	0
Chubb Ltd.	COM	H1467J104	209,678	1,568,979	SH		SOLE	NONE	1,568,979	0	0
Logitech International SA	ADR	H50430232	2,273	50,821	SH		SOLE	NONE	50,821	0	0
InterXion Holding NV	COM	N47279109	6,071	90,202	SH		SOLE	NONE	90,202	0	0