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
Communication Services Select Sector SPDR Fund	ETF	81369Y852	41,391	1,002,691	SH		OTR	1	0	0	0
Consumer Staples Select Sector SPDR ETF	ETF	81369Y308	25,007	492,463	SH		OTR	1	0	492,463	0
Financial Select Sector SPDR ETF	ETF	81369Y605	45,589	1,913,891	SH		OTR	1	0	1,913,891	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	62,124	718,115	SH		OTR	1	0	718,115	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	52,764	819,197	SH		OTR	1	0	819,197	0
Materials Select Sector SPDR ETF	ETF	81369Y100	28,417	562,491	SH		OTR	1	0	562,491	0
Real Estate Select Sector SPDR ETF	ETF	81369Y860	10,005	322,758	SH		OTR	1	0	0	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	3,657	69,099	SH		OTR	1	0	69,099	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	181	1,838	SH		SOLE	NONE	1,838	0	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	25,191	254,420	SH		OTR	1	0	254,420	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	177	3,092	SH		SOLE	NONE	3,092	0	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	3,162	55,132	SH		OTR	1	0	55,132	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	180	2,902	SH		SOLE	NONE	2,902	0	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	61,490	992,089	SH		OTR	1	0	992,089	0
Aflac Inc.	COM	001055102	57,053	1,252,264	SH		SOLE	NONE	1,252,264	0	0
AGCO Corp.	COM	001084102	91,459	1,642,882	SH		SOLE	NONE	1,642,882	0	0
AMN Healthcare Services Inc.	COM	001744101	307	5,417	SH		SOLE	NONE	5,417	0	0
AT&T Inc.	COM	00206R102	106,236	3,722,368	SH		SOLE	NONE	3,722,368	0	0
AbbVie Inc.	COM	00287Y109	152,779	1,657,221	SH		SOLE	NONE	1,657,221	0	0
ABIOMED Inc.	COM	003654100	34,914	107,413	SH		SOLE	NONE	107,413	0	0
Adobe Inc.	COM	00724F101	35,347	156,237	SH		SOLE	NONE	156,237	0	0
AdvanSix Inc.	COM	00773T101	1,827	75,070	SH		SOLE	NONE	75,070	0	0
Agnico Eagle Mines Ltd.	COM	008474108	10,893	269,904	SH		SOLE	NONE	269,904	0	0
Air Lease Corp.	COM	00912X302	3,021	100,000	SH		SOLE	NONE	100,000	0	0
Alamos Gold Inc.	COM	011532108	1,837	510,698	SH		SOLE	NONE	510,698	0	0
Alaska Air Group Inc.	COM	011659109	77,745	1,277,642	SH		SOLE	NONE	1,277,642	0	0
Albemarle Corp.	COM	012653101	2,211	28,685	SH		SOLE	NONE	28,685	0	0
Alcoa Corp.	COM	013872106	433	16,289	SH		SOLE	NONE	16,289	0	0
Alexion Pharmaceuticals Inc.	COM	015351109	443	4,552	SH		SOLE	NONE	4,552	0	0
Algonquin Power & Utilities Corp.	COM	015857105	10,962	1,089,949	SH		SOLE	NONE	1,089,949	0	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	83,795	611,333	SH		SOLE	NONE	611,333	0	0
Alphabet Inc.	COM	02079K107	49,323	47,627	SH		SOLE	NONE	0	0	0
Altaba Inc.	COM	021346101	24,301	419,424	SH		SOLE	NONE	419,424	0	0
Altria Group Inc.	COM	02209S103	110,071	2,228,610	SH		SOLE	NONE	2,228,610	0	0
Amarin Corp. PLC ADR	ADR	023111206	2,735	200,933	SH		SOLE	NONE	200,933	0	0
Amazon.com Inc.	COM	023135106	180,923	120,457	SH		SOLE	NONE	120,457	0	0
American Water Works Co. Inc.	COM	030420103	2,478	27,300	SH		SOLE	NONE	27,300	0	0
Amgen Inc.	COM	031162100	23,767	122,087	SH		SOLE	NONE	122,087	0	0
Amphenol Corp.	COM	032095101	23,836	294,202	SH		SOLE	NONE	294,202	0	0
Anadarko Petroleum Corp.	COM	032511107	1,358	30,978	SH		SOLE	NONE	30,978	0	0
Analog Devices Inc.	COM	032654105	2,157	25,129	SH		SOLE	NONE	25,129	0	0
AngloGold Ashanti Ltd. ADR	ADR	035128206	1,564	124,600	SH		SOLE	NONE	124,600	0	0
Apple Inc.	COM	037833100	19,403	123,007	SH		SOLE	NONE	123,007	0	0
Asanko Gold Inc.	COM	04341Y105	1,333	2,091,020	SH		SOLE	NONE	2,091,020	0	0
AstraZeneca PLC ADR	ADR	046353108	2,848	75,000	SH		SOLE	NONE	75,000	0	0
Auryn Resources Inc.	COM	05208W108	258	281,400	SH		SOLE	NONE	281,400	0	0
Avery Dennison Corp.	COM	053611109	208	2,313	SH		SOLE	NONE	2,313	0	0
Azul SA ADR	ADR	05501U106	2,803	101,227	SH		SOLE	NONE	101,227	0	0
BCE Inc.	COM	05534B760	9,781	247,593	SH		SOLE	NONE	247,593	0	0
BRP Inc.	COM	05577W200	6,415	247,816	SH		SOLE	NONE	247,816	0	0
Baidu Inc. ADR	ADR	056752108	3,312	20,880	SH		SOLE	NONE	2,088	0	0
Bank of America Corp.	COM	060505104	9,675	392,655	SH		SOLE	NONE	392,655	0	0
Bank Of America Corp.	CPFD	060505682	1,043	833	SH		SOLE	NONE	833	0	0
Bank of Montreal	COM	063671101	24,993	382,566	SH		SOLE	NONE	382,566	0	0
Bank of Nova Scotia	COM	064149107	85,559	1,716,469	SH		SOLE	NONE	1,716,469	0	0
Becton Dickinson and Co.	COM	075887109	293	1,300	SH		SOLE	NONE	1,300	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,174	37,700	SH		SOLE	NONE	37,700	0	0
Berkshire Hathaway Inc.	COM	084670702	25,674	125,742	SH		SOLE	NONE	13	0	0
Booking Holdings Inc.	COM	09857L108	54,180	31,456	SH		SOLE	NONE	31,456	0	0
Boston Scientific Corp.	COM	101137107	719	20,335	SH		SOLE	NONE	20,335	0	0
Brighthouse Financial Inc.	COM	10922N103	3,791	124,374	SH		SOLE	NONE	124,374	0	0
Bristol-Myers Squibb Co.	COM	110122108	67,504	1,298,649	SH		SOLE	NONE	1,298,649	0	0
Broadcom Inc.	COM	11135F101	37,487	147,425	SH		SOLE	NONE	147,425	0	0
Brookfield Asset Management Inc.	COM	112585104	32,631	851,456	SH		SOLE	NONE	851,456	0	0
B2Gold Corp.	COM	11777Q209	4,752	1,625,914	SH		SOLE	NONE	1,625,914	0	0
CAE Inc.	COM	124765108	7,653	416,443	SH		SOLE	NONE	416,443	0	0
Cigna Corp.	COM	125523100	10,634	55,993	SH		SOLE	NONE	55,993	0	0
CME Group Inc.	COM	12572Q105	470	2,500	SH		SOLE	NONE	2,500	0	0
CRH Medical Corp.	COM	12626F105	35	11,369	SH		SOLE	NONE	11,369	0	0
CSX Corp.	COM	126408103	80,131	1,289,727	SH		SOLE	NONE	1,289,727	0	0
CVS Health Corp.	COM	126650100	28,567	436,010	SH		SOLE	NONE	436,010	0	0
Calavo Growers Inc.	COM	128246105	10	131	SH		SOLE	NONE	131	0	0
Callon Petroleum Co.	COM	13123X102	698	107,595	SH		SOLE	NONE	107,595	0	0
Canadian National Railway Co.	COM	136375102	32,328	436,499	SH		SOLE	NONE	436,499	0	0
Canadian Natural Resources Ltd.	COM	136385101	57,779	2,394,648	SH		SOLE	NONE	2,394,648	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	36,395	205,115	SH		SOLE	NONE	205,115	0	0
Caterpillar Inc.	COM	149123101	65,772	517,605	SH		SOLE	NONE	517,605	0	0
Cemex SAB de CV	CCB	151290BT9	5,265	5,400,000	PRN		SOLE	NONE	0	0	0
Centene Corp.	COM	15135B101	77,427	671,529	SH		SOLE	NONE	671,529	0	0
Cenovus Energy Inc.	COM	15135U109	2,010	285,809	SH		SOLE	NONE	285,809	0	0
The Chefs' Warehouse Inc.	COM	163086101	6,895	215,600	SH		SOLE	NONE	215,600	0	0
Chegg Inc.	COM	163092109	7,389	260,000	SH		SOLE	NONE	260,000	0	0
Chevron Corp.	COM	166764100	5,908	54,306	SH		SOLE	NONE	54,306	0	0
Cisco Systems Inc.	COM	17275R102	24,320	561,277	SH		SOLE	NONE	561,277	0	0
The Coca-Cola Co.	COM	191216100	3,291	69,495	SH		SOLE	NONE	69,495	0	0
Coeur Mining Inc.	COM	192108504	1,688	377,700	SH		SOLE	NONE	377,700	0	0
IH Merger Sub LLC	CCB	19625XAB8	1,281	1,250,000	PRN		SOLE	NONE	1,250,000	0	0
Comcast Corp.	COM	20030N101	23,554	691,757	SH		SOLE	NONE	81,143	0	0
Concho Resources Inc.	COM	20605P101	1,645	16,001	SH		SOLE	NONE	16,001	0	0
ConocoPhillips	COM	20825C104	3,044	48,826	SH		SOLE	NONE	48,826	0	0
Continental Resources Inc.	COM	212015101	2,338	58,176	SH		SOLE	NONE	58,176	0	0
Corning Inc.	COM	219350105	57,099	1,890,061	SH		SOLE	NONE	1,890,061	0	0
Costco Wholesale Corp.	COM	22160K105	82,935	407,124	SH		SOLE	NONE	407,124	0	0
Coupa Software Inc.	COM	22266L106	3,143	50,000	SH		SOLE	NONE	50,000	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	16,413	606,531	SH		SOLE	NONE	75,816	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	6,308	6,523,000	PRN		SOLE	NONE	815,375	0	0
Cummins Inc.	COM	231021106	1,606	12,021	SH		SOLE	NONE	12,021	0	0
Danaher Corp.	COM	235851102	22,615	219,307	SH		SOLE	NONE	219,307	0	0
Delek US Holdings Inc.	COM	24665A103	1,841	56,637	SH		SOLE	NONE	56,637	0	0
The Descartes Systems Group Inc.	COM	249906108	6,544	247,951	SH		SOLE	NONE	247,951	0	0
Devon Energy Corp.	COM	25179M103	2,178	96,627	SH		SOLE	NONE	96,627	0	0
The Walt Disney Co.	COM	254687106	25,833	235,598	SH		SOLE	NONE	235,598	0	0
Dollar General Corp.	COM	256677105	32,114	297,129	SH		SOLE	NONE	297,129	0	0
DowDuPont Inc.	COM	26078J100	20,087	375,596	SH		SOLE	NONE	375,596	0	0
The Dun & Bradstreet Corp.	COM	26483E100	92,889	650,759	SH		SOLE	NONE	650,759	0	0
EOG Resources Inc.	COM	26875P101	3,463	39,707	SH		SOLE	NONE	39,707	0	0
E Trade Financial Corp.	COM	269246401	78,141	1,780,778	SH		SOLE	NONE	1,780,778	0	0
Eastman Chemical Co.	COM	277432100	2,170	29,684	SH		SOLE	NONE	29,684	0	0
Ecolab Inc.	COM	278865100	4,709	31,961	SH		SOLE	NONE	31,961	0	0
8x8 Inc.	COM	282914100	1,804	100,000	SH		SOLE	NONE	100,000	0	0
Elanco Animal Health Inc.	COM	28414H103	2,866	90,898	SH		SOLE	NONE	90,898	0	0
Emerson Electric Co.	COM	291011104	3,272	54,768	SH		SOLE	NONE	54,768	0	0
Encana Corp.	COM	292505104	6,336	1,097,696	SH		SOLE	NONE	1,097,696	0	0
Enbridge Inc.	COM	29250N105	32,059	1,031,966	SH		SOLE	NONE	1,031,966	0	0
Enerplus Corp.	COM	292766102	9,276	1,192,442	SH		SOLE	NONE	1,192,442	0	0
Equinix Inc. REIT	REIT	29444U700	618	1,752	SH		SOLE	NONE	1,752	0	0
Etsy Inc.	COM	29786A106	5,946	125,000	SH		SOLE	NONE	125,000	0	0
Euronet Worldwide Inc.	CCB	298736AH2	1,100	775,000	PRN		SOLE	NONE	775,000	0	0
Evercore Inc.	COM	29977A105	7,170	100,201	SH		SOLE	NONE	100,201	0	0
Exelon Corp.	COM	30161N101	187	4,149	SH		SOLE	NONE	4,149	0	0
Exxon Mobil Corp.	COM	30231G102	68,452	1,003,849	SH		SOLE	NONE	1,003,849	0	0
FedEx Corp.	COM	31428X106	6,976	43,238	SH		SOLE	NONE	43,238	0	0
First Solar Inc.	COM	336433107	682	16,063	SH		SOLE	NONE	16,063	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	15,244	177,156	SH		SOLE	NONE	177,156	0	0
Fortis Inc.	COM	349553107	5,075	152,232	SH		SOLE	NONE	152,232	0	0
Fortuna Silver Mines Inc.	COM	349915108	1,695	462,707	SH		SOLE	NONE	462,707	0	0
Franco-Nevada Corp.	COM	351858105	9,270	132,203	SH		SOLE	NONE	132,203	0	0
Franklin FTSE Japan ETF	ETF	35473P744	117,465	5,220,673	SH		SOLE	NONE	0	0	0
Garrett Motion Inc.	COM	366505105	2,023	163,904	SH		SOLE	NONE	163,904	0	0
Global Payments Inc.	COM	37940X102	48,262	467,968	SH		SOLE	NONE	467,968	0	0
Global X MSCI Norway ETF	ETF	37950E747	16,514	1,431,046	SH		SOLE	NONE	1,431,046	0	0
Gold Standard Ventures Corp.	COM	380738104	1,290	1,030,200	SH		SOLE	NONE	1,030,200	0	0
Goldcorp Inc.	COM	380956409	27,346	2,790,418	SH		SOLE	NONE	2,790,418	0	0
Golden Star Resources Ltd.	COM	38119T807	1,589	499,780	SH		SOLE	NONE	499,780	0	0
Granite Construction Inc.	COM	387328107	2,030	50,404	SH		SOLE	NONE	50,404	0	0
CGI Group Inc.	COM	39945C109	42,320	691,918	SH		SOLE	NONE	691,918	0	0
GrubHub Inc.	COM	400110102	5,396	70,256	SH		SOLE	NONE	70,256	0	0
Guardant Health Inc.	COM	40131M109	4,148	110,347	SH		SOLE	NONE	110,347	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,499	14,470	SH		SOLE	NONE	14,470	0	0
Halliburton Co.	COM	406216101	683	25,688	SH		SOLE	NONE	25,688	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	1,161	60,953	SH		SOLE	NONE	60,953	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	CCB	41068XAB6	1,783	1,960,000	PRN		SOLE	NONE	1,960,000	0	0
HealthEquity Inc.	COM	42226A107	5,965	100,000	SH		SOLE	NONE	100,000	0	0
HEICO Corp.	COM	422806109	7,566	97,656	SH		SOLE	NONE	97,656	0	0
The Home Depot Inc.	COM	437076102	26,267	152,874	SH		SOLE	NONE	152,874	0	0
Honeywell International Inc.	COM	438516106	249,455	1,888,096	SH		SOLE	NONE	1,888,096	0	0
Hudbay Minerals Inc.	COM	443628102	3,567	753,798	SH		SOLE	NONE	753,798	0	0
JB Hunt Transport Services Inc.	COM	445658107	32,428	348,533	SH		SOLE	NONE	348,533	0	0
Huntington Ingalls Industries Inc.	COM	446413106	25,843	135,795	SH		SOLE	NONE	135,795	0	0
Huntsman Corp.	COM	447011107	902	46,735	SH		SOLE	NONE	46,735	0	0
HUYA Inc. ADR	ADR	44852D108	1,171	75,633	SH		SOLE	NONE	75,633	0	0
IDEXX Laboratories Inc.	COM	45168D104	60,223	323,745	SH		SOLE	NONE	323,745	0	0
Illumina Inc.	COM	452327109	100,133	333,853	SH		SOLE	NONE	333,853	0	0
Illumina Inc.	CCB	452327AH2	1,017	775,000	PRN		SOLE	NONE	775,000	0	0
ING Groep NV ADR	ADR	456837103	4	372	SH		SOLE	NONE	372	0	0
Ingredion Inc.	COM	457187102	192	2,105	SH		SOLE	NONE	2,105	0	0
Innoviva Inc.	CCB	45781MAB7	901	750,000	PRN		SOLE	NONE	750,000	0	0
Intel Corp.	COM	458140100	15,603	332,474	SH		SOLE	NONE	332,474	0	0
International Business Machines Corp.	COM	459200101	36,299	319,340	SH		SOLE	NONE	319,340	0	0
iShares MSCI Austria ETF	ETF	464286202	8,061	439,041	SH		SOLE	NONE	439,041	0	0
iShares MSCI Brazil ETF	ETF	464286400	497	13,011	SH		SOLE	NONE	13,011	0	0
iShares MSCI Canada ETF	ETF	464286509	569	23,742	SH		SOLE	NONE	23,742	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	4	87	SH		SOLE	NONE	87	0	0
iShares MSCI Thailand ETF	ETF	464286624	19,087	230,488	SH		SOLE	NONE	230,488	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	1	31	SH		SOLE	NONE	31	0	0
iShares MSCI Spain ETF	ETF	464286764	7,006	261,230	SH		SOLE	NONE	261,230	0	0
iShares MSCI South Korea ETF	ETF	464286772	53,700	912,341	SH		SOLE	NONE	912,341	0	0
iShares Core S&P 500 ETF	ETF	464287200	67,976	270,163	SH		SOLE	NONE	270,163	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	1,472	13,827	SH		SOLE	NONE	13,827	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	17,577	450,000	SH		SOLE	NONE	450,000	0	0
iShares S&P 500 Value ETF	ETF	464287408	4,682	46,292	SH		SOLE	NONE	46,292	0	0
iShares International Treasury Bond ETF	ETF	464288117	1,023	21,106	SH		SOLE	NONE	21,106	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	1,390	13,375	SH		SOLE	NONE	13,375	0	0
iShares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	3	38	SH		SOLE	NONE	38	0	0
iShares Intermediate Government/Credit Bond ETF	ETF	464288612	749	6,918	SH		SOLE	NONE	6,918	0	0
iShares MSCI EAFE Growth ETF	ETF	464288885	13,707	198,450	SH		SOLE	NONE	198,450	0	0
iShares MSCI India ETF	ETF	46429B598	20,771	623,013	SH		SOLE	NONE	623,013	0	0
iShares MSCI China ETF	ETF	46429B671	62,015	1,178,538	SH		SOLE	NONE	1,178,538	0	0
iShares Edge MSCI Minimum Volatility EAFE ETF	ETF	46429B689	649	9,736	SH		SOLE	NONE	9,736	0	0
iShares Edge MSCI Minimum Volatility USA ETF	ETF	46429B697	732	13,968	SH		SOLE	NONE	13,968	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	1,632	29,675	SH		SOLE	NONE	29,675	0	0
iShares Core 1-5 Year USD Bond ETF	ETF	46432F859	3,795	77,316	SH		SOLE	NONE	77,316	0	0
iShares MSCI Singapore ETF	ETF	46434G780	60,300	2,728,504	SH		SOLE	NONE	2,728,504	0	0
iShares MSCI Japan ETF	ETF	46434G822	97,410	1,921,680	SH		SOLE	NONE	1,921,680	0	0
iShares MSCI Italy ETF	ETF	46434G830	11,927	492,644	SH		SOLE	NONE	492,644	0	0
iShares MSCI United Kingdom ETF	ETF	46435G334	575	19,591	SH		SOLE	NONE	19,591	0	0
JPMorgan Chase & Co.	COM	46625H100	224,603	2,300,793	SH		SOLE	NONE	2,300,793	0	0
Jacobs Engineering Group Inc.	COM	469814107	37,633	643,737	SH		SOLE	NONE	643,737	0	0
Jazz Investments I Ltd.	CCB	472145AB7	969	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Johnson & Johnson	COM	478160104	35,561	275,559	SH		SOLE	NONE	275,559	0	0
Jones Lang Lasalle Inc.	COM	48020Q107	220	1,734	SH		SOLE	NONE	1,734	0	0
Kinross Gold Corp.	COM	496902404	628	194,919	SH		SOLE	NONE	194,919	0	0
Kirkland Lake Gold Ltd.	COM	49741E100	4,651	178,350	SH		SOLE	NONE	178,350	0	0
The Kraft Heinz Co.	COM	500754106	47,994	1,115,109	SH		SOLE	NONE	1,115,109	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	1,654	201,992	SH		SOLE	NONE	201,992	0	0
Liberty Interactive LLC	CCB	530715AN1	748	1,200,000	PRN		SOLE	NONE	1,200,000	0	0
Lockheed Martin Corp.	COM	539830109	25,026	95,578	SH		SOLE	NONE	95,578	0	0
Lululemon Athletica Inc.	COM	550021109	13,358	109,843	SH		SOLE	NONE	109,843	0	0
MAG Silver Corp.	COM	55903Q104	1,892	258,307	SH		SOLE	NONE	258,307	0	0
Magna International Inc.	COM	559222401	12,630	278,241	SH		SOLE	NONE	278,241	0	0
Manulife Financial Corp.	COM	56501R106	47,676	3,360,189	SH		SOLE	NONE	3,360,189	0	0
Marathon Petroleum Corp.	COM	56585A102	2,676	45,350	SH		SOLE	NONE	45,350	0	0
Maxar Technologies Ltd.	COM	57778L103	4,840	405,126	SH		SOLE	NONE	405,126	0	0
McDonald's Corp.	COM	580135101	27,076	152,480	SH		SOLE	NONE	152,480	0	0
MetLife Inc.	COM	59156R108	65,164	1,587,053	SH		SOLE	NONE	1,587,053	0	0
Microsoft Corp.	COM	594918104	43,630	429,559	SH		SOLE	NONE	429,559	0	0
MINDBODY Inc.	COM	60255W105	463	12,732	SH		SOLE	NONE	12,732	0	0
Mondelez International Inc.	COM	609207105	118,842	2,968,824	SH		SOLE	NONE	2,968,824	0	0
Monolithic Power Systems Inc.	COM	609839105	1,272	10,939	SH		SOLE	NONE	10,939	0	0
Moody's Corp.	COM	615369105	136,745	976,473	SH		SOLE	NONE	976,473	0	0
National Retail Properties Inc. REIT	REIT	637417106	42,770	881,664	SH		SOLE	NONE	881,664	0	0
Navistar International	CCB	63934EAS7	1,995	2,000,000	PRN		SOLE	NONE	2,000,000	0	0
Netflix Inc.	COM	64110L106	56,738	211,977	SH		SOLE	NONE	211,977	0	0
NetEase Inc. ADR	ADR	64110W102	1,874	7,960	SH		SOLE	NONE	199,000	0	0
Newmont Mining Corp.	COM	651639106	6,178	178,300	SH		SOLE	NONE	178,300	0	0
NextEra Energy Inc.	COM	65339F101	608	3,500	SH		SOLE	NONE	3,500	0	0
Northrop Grumman Corp.	COM	666807102	130,516	532,936	SH		SOLE	NONE	532,936	0	0
NVIDIA Corp.	COM	67066G104	611	4,580	SH		SOLE	NONE	4,580	0	0
Nutrien Ltd.	COM	67077M108	85,712	1,824,288	SH		SOLE	NONE	1,824,288	0	0
Occidental Petroleum Corp.	COM	674599105	82,021	1,336,287	SH		SOLE	NONE	1,336,287	0	0
Okta Inc.	COM	679295105	4,785	75,000	SH		SOLE	NONE	75,000	0	0
Old Dominion Freight Line Inc.	COM	679580100	54,372	440,293	SH		SOLE	NONE	440,293	0	0
Omnicom Group Inc.	COM	681919106	89,422	1,220,944	SH		SOLE	NONE	1,220,944	0	0
ON Semiconductor Corp.	COM	682189105	627	37,957	SH		SOLE	NONE	37,957	0	0
Open Text Corp.	COM	683715106	12,007	368,371	SH		SOLE	NONE	368,371	0	0
Oracle Corp.	COM	68389X105	21,700	480,630	SH		SOLE	NONE	480,630	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	951	108,474	SH		SOLE	NONE	108,474	0	0
PDC Energy Inc.	COM	69327R101	146	4,910	SH		SOLE	NONE	4,910	0	0
Pan American Silver Corp.	COM	697900108	1,259	86,200	SH		SOLE	NONE	86,200	0	0
Parsley Energy Inc.	COM	701877102	1,792	112,160	SH		SOLE	NONE	112,160	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	4,058	4,118,000	PRN		SOLE	NONE	4,118,000	0	0
PayPal Holdings Inc.	COM	70450Y103	65,239	775,829	SH		SOLE	NONE	775,829	0	0
Pembina Pipeline Corp.	COM	706327103	4,876	164,339	SH		SOLE	NONE	164,339	0	0
PepsiCo Inc.	COM	713448108	22,626	204,794	SH		SOLE	NONE	204,794	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	1,192	91,636	SH		SOLE	NONE	91,636	0	0
Pfizer Inc.	COM	717081103	21,691	496,932	SH		SOLE	NONE	496,932	0	0
Philip Morris International Inc.	COM	718172109	97,061	1,453,887	SH		SOLE	NONE	1,453,887	0	0
Pioneer Natural Resources Co.	COM	723787107	1,423	10,821	SH		SOLE	NONE	10,821	0	0
Planet Fitness Inc.	COM	72703H101	9,143	170,507	SH		SOLE	NONE	170,507	0	0
Precision Drilling Corp.	COM	74022D308	10,064	5,796,991	SH		SOLE	NONE	5,796,991	0	0
T Rowe Price Group Inc.	COM	74144T108	65,393	708,335	SH		SOLE	NONE	708,335	0	0
Booking Holdings Inc.	CCB	741503AX4	2,384	2,160,000	PRN		SOLE	NONE	2,160,000	0	0
Primerica Inc.	COM	74164M108	61,499	629,404	SH		SOLE	NONE	629,404	0	0
The Procter & Gamble Co.	COM	742718109	25,032	272,320	SH		SOLE	NONE	272,320	0	0
Prologis Inc. REIT	REIT	74340W103	22,400	381,478	SH		SOLE	NONE	381,478	0	0
Randgold Resources Ltd. ADR	ADR	752344309	12,649	152,594	SH		SOLE	NONE	152,594	0	0
Raymond James Financial Inc.	COM	754730109	47,352	636,367	SH		SOLE	NONE	636,367	0	0
RealPage Inc.	COM	75606N109	4,844	100,513	SH		SOLE	NONE	100,513	0	0
Resideo Technologies Inc.	COM	76118Y104	5,818	283,110	SH		SOLE	NONE	283,110	0	0
Restaurant Brands International Inc.	COM	76131D103	14,179	271,422	SH		SOLE	NONE	271,422	0	0
Ring Energy Inc.	COM	76680V108	849	167,173	SH		SOLE	NONE	167,173	0	0
Rogers Communications Inc.	COM	775109200	10,061	196,329	SH		SOLE	NONE	0	0	0
Roper Technologies Inc.	COM	776696106	5,066	19,007	SH		SOLE	NONE	19,007	0	0
Royal Bank of Canada	COM	780087102	103,875	1,517,657	SH		SOLE	NONE	1,517,657	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	1,088	4,352	SH		SOLE	NONE	4,352	0	0
SPDR Barclays International Corporate Bond ETF	ETF	78464A151	805	24,445	SH		SOLE	NONE	24,445	0	0
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	ETF	78464A391	564	21,263	SH		SOLE	NONE	21,263	0	0
SPDR Bloomberg Barclays High Yield Bond ETF	ETF	78464A417	644	19,166	SH		SOLE	NONE	19,166	0	0
SPDR Bloomberg Barclays International Treasury Bond ETF	ETF	78464A516	1,703	61,691	SH		SOLE	NONE	61,691	0	0
SPDR Bloomberg Barclays TIPS ETF	ETF	78464A656	933	17,309	SH		SOLE	NONE	17,309	0	0
SPDR Portfolio Long Term Treasury ETF	ETF	78464A664	1,325	37,812	SH		SOLE	NONE	37,812	0	0
SPDR Bloomberg Barclays Intermediate Term Treasury ETF	ETF	78464A672	567	9,519	SH		SOLE	NONE	9,519	0	0
SPDR S&P Oil & Gas Exploration & Production ETF	ETF	78464A730	5,969	225,000	SH		SOLE	NONE	225,000	0	0
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	ETF	78468R663	64,171	701,625	SH		SOLE	NONE	701,625	0	0
SSR Mining Inc.	COM	784730103	3,887	321,600	SH		SOLE	NONE	321,600	0	0
SVB Financial Group	COM	78486Q101	1,899	10,000	SH		SOLE	NONE	10,000	0	0
Sandstorm Gold Ltd.	COM	80013R206	2,319	501,000	SH		SOLE	NONE	501,000	0	0
Sarepta Therapeutics Inc.	COM	803607100	8,753	80,211	SH		SOLE	NONE	80,211	0	0
Henry Schein Inc.	COM	806407102	196	2,495	SH		SOLE	NONE	2,495	0	0
The Charles Schwab Corp.	COM	808513105	64,200	1,545,873	SH		SOLE	NONE	1,545,873	0	0
Select Energy Services Inc.	COM	81617J301	619	97,950	SH		SOLE	NONE	97,950	0	0
ServiceNow Inc.	COM	81762P102	34,402	193,216	SH		SOLE	NONE	193,216	0	0
ServiceNow Inc.	CCB	81762PAC6	768	550,000	PRN		SOLE	NONE	550,000	0	0
Shaw Communications Inc.	COM	82028K200	5,607	309,779	SH		SOLE	NONE	0	0	0
The Sherwin-Williams Co.	COM	824348106	65,947	167,608	SH		SOLE	NONE	167,608	0	0
Shopify Inc.	COM	82509L107	9,012	65,091	SH		SOLE	NONE	65,091	0	0
Silver Standard Resources Inc.	CCB	82823LAC0	995	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
SilverCrest Metals Inc.	COM	828363101	5,130	1,755,389	SH		SOLE	NONE	1,755,389	0	0
Siteone Landscape Supply	COM	82982L103	2,763	50,000	SH		SOLE	NONE	50,000	0	0
AO Smith Corp.	COM	831865209	1,353	31,685	SH		SOLE	NONE	3,169	0	0
Tesla Energy Operations Inc.	CCB	83416TAC4	1,171	1,250,000	PRN		SOLE	NONE	1,250,000	0	0
Solitario Zinc Corp.	COM	8342EP107	26	111,630	SH		SOLE	NONE	111,630	0	0
Sony Corp. ADR	ADR	835699307	4,804	99,500	SH		SOLE	NONE	995	0	0
Southern Copper Corp.	COM	84265V105	12,413	403,417	SH		SOLE	NONE	403,417	0	0
Sprouts Farmers Market Inc.	COM	85208M102	1,665	70,815	SH		SOLE	NONE	70,815	0	0
Square Inc.	CCB	852234AB9	1,889	773,000	PRN		SOLE	NONE	773,000	0	0
Stryker Corp.	COM	863667101	353	2,250	SH		SOLE	NONE	2,250	0	0
Sun Life Financial Inc.	COM	866796105	28,865	870,090	SH		SOLE	NONE	870,090	0	0
Suncor Energy Inc.	COM	867224107	61,325	2,195,664	SH		SOLE	NONE	2,195,664	0	0
Synchrony Financial	COM	87165B103	38,650	1,647,467	SH		SOLE	NONE	1,647,467	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	45,730	934,018	SH		SOLE	NONE	934,018	0	0
The TJX Cos. Inc.	COM	872540109	35,257	788,034	SH		SOLE	NONE	788,034	0	0
T-Mobile US Inc.	COM	872590104	99,039	1,556,972	SH		SOLE	NONE	1,556,972	0	0
Tahoe Resources Inc.	COM	873868103	2,254	619,049	SH		SOLE	NONE	619,049	0	0
Taiwan Semiconductor Manufacturing Co. Ltd. ADR	ADR	874039100	111	3,013	SH		SOLE	NONE	3,013	0	0
Take-Two Interactive Software Inc.	COM	874054109	58,514	568,426	SH		SOLE	NONE	568,426	0	0
TAL Education Group	CCB	874080AB0	152	25,000	PRN		SOLE	NONE	8,333	0	0
Teck Resources Ltd.	COM	878742204	24,105	1,119,702	SH		SOLE	NONE	1,119,702	0	0
TELUS Corp.	COM	87971M103	21,443	646,941	SH		SOLE	NONE	646,941	0	0
Tenaris SA ADR	ADR	88031M109	17,451	818,527	SH		SOLE	NONE	818,527	0	0
Tesla Inc.	COM	88160R101	47,746	143,469	SH		SOLE	NONE	143,469	0	0
Tesla Inc.	CCB	88160RAD3	1,153	950,000	PRN		SOLE	NONE	950,000	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	23,552	1,527,362	SH		SOLE	NONE	1,527,362	0	0
Texas Instruments Inc.	COM	882508104	603	6,378	SH		SOLE	NONE	6,378	0	0
Thermo Fisher Scientific Inc.	COM	883556102	33,518	149,775	SH		SOLE	NONE	149,775	0	0
3M Co.	COM	88579Y101	72,086	378,323	SH		SOLE	NONE	378,323	0	0
The Timken Co.	COM	887389104	512	13,724	SH		SOLE	NONE	13,724	0	0
Toronto-Dominion Bank	COM	891160509	68,031	1,368,645	SH		SOLE	NONE	1,368,645	0	0
TransCanada Corp.	COM	89353D107	1,735	48,576	SH		SOLE	NONE	48,576	0	0
Trex Co. Inc.	COM	89531P105	3,819	64,333	SH		SOLE	NONE	64,333	0	0
Trimble Inc.	COM	896239100	3,192	96,982	SH		SOLE	NONE	96,982	0	0
Twilio Inc.	COM	90138F102	6,697	75,000	SH		SOLE	NONE	75,000	0	0
Twitter Inc.	CCB	90184LAB8	2,571	2,650,000	PRN		SOLE	NONE	2,650,000	0	0
Twitter Inc.	CCB	90184LAD4	2,645	2,900,000	PRN		SOLE	NONE	2,900,000	0	0
Tyler Technologies Inc.	COM	902252105	3,716	20,000	SH		SOLE	NONE	20,000	0	0
US Bancorp	COM	902973304	21,118	462,090	SH		SOLE	NONE	462,090	0	0
United Rentals Inc.	COM	911363109	39,047	380,831	SH		SOLE	NONE	380,831	0	0
United Technologies Corp.	COM	913017109	20,215	189,848	SH		SOLE	NONE	189,848	0	0
UnitedHealth Group Inc.	COM	91324P102	79,291	318,284	SH		SOLE	NONE	318,284	0	0
Vale SA ADR	ADR	91912E105	12,415	941,277	SH		SOLE	NONE	941,277	0	0
Valero Energy Corp.	COM	91913Y100	1,572	20,962	SH		SOLE	NONE	20,962	0	0
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	ETF	92189H300	1,164	35,279	SH		SOLE	NONE	35,279	0	0
Vanguard Total Bond Market ETF	ETF	921937835	1,673	21,123	SH		SOLE	NONE	0	0	0
Vanguard Total International Bond ETF	ETF	92203J407	19	352	SH		SOLE	NONE	0	0	0
Vanguard FTSE All-World ex-US ETF	ETF	922042775	364	7,985	SH		SOLE	NONE	7,985	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	556	14,602	SH		SOLE	NONE	14,602	0	0
Vanguard FTSE Europe ETF	ETF	922042874	6	118	SH		SOLE	NONE	118	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	3,173	38,292	SH		SOLE	NONE	38,292	0	0
Vector Group Ltd.	CCB	92240MBC1	1,003	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Vanguard Small Cap ETF	ETF	922908751	363	2,748	SH		SOLE	NONE	0	0	0
Verint Systems Inc.	COM	92343X100	392	9,254	SH		SOLE	NONE	9,254	0	0
Vermilion Energy Inc.	COM	923725105	13,003	617,258	SH		SOLE	NONE	617,258	0	0
Visa Inc.	COM	92826C839	41,223	312,435	SH		SOLE	NONE	312,435	0	0
WEC Energy Group Inc.	COM	92939U106	346	5,000	SH		SOLE	NONE	5,000	0	0
Wabtec Corp.	COM	929740108	2,705	38,511	SH		SOLE	NONE	38,511	0	0
Walmart Inc.	COM	931142103	21,178	227,358	SH		SOLE	NONE	227,358	0	0
Waste Connections Inc.	COM	94106B101	5,534	74,530	SH		SOLE	NONE	74,530	0	0
Waste Management Inc.	COM	94106L109	239,360	2,689,742	SH		SOLE	NONE	2,689,742	0	0
Watts Water Technologies Inc.	COM	942749102	873	13,536	SH		SOLE	NONE	13,536	0	0
Weibo Corp. ADR	ADR	948596101	467	8,000	SH		SOLE	NONE	8,000	0	0
Anthem Inc.	CCB	94973VBG1	4,086	1,130,000	PRN		SOLE	NONE	1,130,000	0	0
Wells Fargo & Company	COM	949746101	16,520	358,513	SH		SOLE	NONE	358,513	0	0
Wells Fargo & Co.	CPFD	949746804	1,040	825	SH		SOLE	NONE	825	0	0
Western Copper And Gold Corp.	COM	95805V108	31	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	30,468	824,138	SH		SOLE	NONE	824,138	0	0
Westlake Chemical Corp.	COM	960413102	675	10,207	SH		SOLE	NONE	10,207	0	0
Wheaton Precious Metals Corp.	COM	962879102	5,912	302,845	SH		SOLE	NONE	302,845	0	0
The Williams Cos. Inc.	COM	969457100	77,994	3,537,124	SH		SOLE	NONE	3,537,124	0	0
WisdomTree Investments Inc.	COM	97717P104	5,006	752,807	SH		SOLE	NONE	752,807	0	0
Workday Inc.	COM	98138H101	34,066	213,342	SH		SOLE	NONE	213,342	0	0
Workday Inc.	CCB	98138HAD3	158	80,000	PRN		SOLE	NONE	80,000	0	0
Workday Inc.	CCB	98138HAF8	733	600,000	SH		SOLE	NONE	600,000	0	0
WPX Energy Inc.	COM	98212B103	17,511	1,542,784	PRN		SOLE	NONE	1,542,784	0	0
Xylem Inc.	COM	98419M100	5,163	77,387	SH		SOLE	NONE	77,387	0	0
Yum China Holdings Inc.	COM	98850P109	1,549	46,200	SH		SOLE	NONE	46,200	0	0
Zoetis Inc.	COM	98978V103	5,943	69,475	SH		SOLE	NONE	69,475	0	0
Atlassian Corp. PLC	COM	G06242104	3,589	40,331	SH		SOLE	NONE	40,331	0	0
Accenture PLC	COM	G1151C101	16,961	120,283	SH		SOLE	NONE	120,283	0	0
Brookfield Business Partners LP - Units	UNIT	G16234109	1,963	64,464	SH		SOLE	NONE	64,464	0	0
Brookfield Property Partners LP	COM	G16249107	323	20,000	SH		SOLE	NONE	20,000	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	9,301	269,295	SH		SOLE	NONE	269,295	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	2,583	99,757	SH		SOLE	NONE	99,757	0	0
Credicorp Ltd.	COM	G2519Y108	6,923	31,232	SH		SOLE	NONE	31,232	0	0
Delphi Technologies PLC	COM	G2709G107	374	26,106	SH		SOLE	NONE	26,106	0	0
Eaton Corp. PLC	COM	G29183103	869	12,662	SH		SOLE	NONE	12,662	0	0
Invesco Ltd.	COM	G491BT108	42,850	2,559,732	SH		SOLE	NONE	2,559,732	0	0
Medtronic PLC	COM	G5960L103	5,826	64,047	SH		SOLE	NONE	64,047	0	0
Aptiv PLC	COM	G6095L109	2,092	33,979	SH		SOLE	NONE	33,979	0	0
Chubb Ltd.	COM	H1467J104	201,633	1,560,869	SH		SOLE	NONE	1,560,869	0	0
Logitech International SA	ADR	H50430232	3,154	100,821	SH		SOLE	NONE	100,821	0	0
Elastic NV	COM	N14506104	7,878	110,206	SH		SOLE	NONE	110,206	0	0
InterXion Holding NV	COM	N47279109	4,885	90,202	SH		SOLE	NONE	90,202	0	0