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	29,436	503,178	SH		OTR	1	0	503,178	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	52,561	567,364	SH		OTR	1	0	567,364	0
Consumer Staples Select Sector SPDR ETF	ETF	81369Y308	26,938	463,883	SH		OTR	1	0	463,883	0
SPDR S&P Consumer Discretionary Select Sector ETF	ETF	81369Y407	38,223	320,663	SH		OTR	1	0	320,663	0
SPDR S&P Energy Select Sector ETF	ETF	81369Y506	3,142	49,318	SH		OTR	1	0	49,318	0
Financial Select Sector SPDR ETF	ETF	81369Y605	59,216	2,145,517	SH		OTR	1	0	2,145,517	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	56,735	732,816	SH		OTR	1	0	732,816	0
SPDR S&P Technology Select Sector ETF	ETF	81369Y803	68,152	873,295	SH		OTR	1	0	873,295	0
Communication Services Select Sector SPDR Fund	ETF	81369Y852	16,199	329,111	SH		OTR	1	0	0	0
Real Estate Select Sector SPDR ETF	ETF	81369Y860	20,974	570,409	SH		OTR	1	0	0	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	3,732	62,578	SH		OTR	1	0	62,578	0
Aflac Inc.	COM	001055102	53,322	972,850	SH		SOLE	NONE	972,850	0	0
AGCO Corp.	COM	001084102	73,647	949,430	SH		SOLE	NONE	949,430	0	0
AMN Healthcare Services Inc.	COM	001744101	332	6,119	SH		SOLE	NONE	6,119	0	0
AT&T Inc.	COM	00206R102	107,758	3,215,685	SH		SOLE	NONE	3,215,685	0	0
AbbVie Inc.	COM	00287Y109	99,564	1,369,148	SH		SOLE	NONE	1,369,148	0	0
Adaptive Biotechnologies Corp.	COM	00650F109	121	2,500	SH		SOLE	NONE	0	0	0
Adobe Inc.	COM	00724F101	77,004	261,339	SH		SOLE	NONE	261,339	0	0
AdvanSix Inc.	COM	00773T101	1,491	61,023	SH		SOLE	NONE	61,023	0	0
Agnico Eagle Mines Ltd.	COM	008474108	12,282	239,561	SH		SOLE	NONE	239,561	0	0
Alamos Gold Inc.	COM	011532108	2,539	420,935	SH		SOLE	NONE	420,935	0	0
Alaska Air Group Inc.	COM	011659109	81,127	1,269,400	SH		SOLE	NONE	1,269,400	0	0
Albemarle Corp.	COM	012653101	879	12,490	SH		SOLE	NONE	12,490	0	0
Alexion Pharmaceuticals Inc.	COM	015351109	697	5,321	SH		SOLE	NONE	5,321	0	0
Algonquin Power & Utilities Corp.	COM	015857105	11,447	944,542	SH		SOLE	NONE	944,542	0	0
Alibaba Group Holding Ltd. ADR	ADR	01609W102	114,242	674,191	SH		SOLE	NONE	674,191	0	0
Alphabet Inc.	COM	02079K305	51,187	47,273	SH		SOLE	NONE	47,273	0	0
Altaba Inc.	COM	021346101	28,251	407,255	SH		SOLE	NONE	407,255	0	0
Alteryx Inc.	CCB	02156BAB9	2,218	875,000	PRN		SOLE	NONE	875,000	0	0
Altria Group Inc.	COM	02209S103	95,764	2,022,464	SH		SOLE	NONE	2,022,464	0	0
Amarin Corp. PLC ADR	ADR	023111206	9,144	471,583	SH		SOLE	NONE	471,583	0	0
Amazon.com Inc.	COM	023135106	199,888	105,558	SH		SOLE	NONE	105,558	0	0
American Water Works Co. Inc.	COM	030420103	3,360	28,962	SH		SOLE	NONE	28,962	0	0
Amgen Inc.	COM	031162100	27,762	150,649	SH		SOLE	NONE	150,649	0	0
Amphenol Corp.	COM	032095101	70,810	738,061	SH		SOLE	NONE	738,061	0	0
Analog Devices Inc.	COM	032654105	2,825	25,030	SH		SOLE	NONE	25,030	0	0
AngloGold Ashanti Ltd. ADR	ADR	035128206	1,004	56,400	SH		SOLE	NONE	56,400	0	0
ANSYS Inc.	COM	03662Q105	1,610	7,863	SH		SOLE	NONE	7,863	0	0
Apple Inc.	COM	037833100	20,719	104,686	SH		SOLE	NONE	104,686	0	0
Atmos Energy Corp.	COM	049560105	947	8,970	SH		SOLE	NONE	8,970	0	0
Avantor Inc. Preferred	CPFD	05352A209	1,323	20,000	SH		SOLE	NONE	0	0	0
Avery Dennison Corp.	COM	053611109	325	2,808	SH		SOLE	NONE	2,808	0	0
Azul SA ADR	ADR	05501U106	5,726	171,227	SH		SOLE	NONE	171,227	0	0
BCE Inc.	COM	05534B760	10,470	230,127	SH		SOLE	NONE	230,127	0	0
BRP Inc.	COM	05577W200	12,743	356,581	SH		SOLE	NONE	356,581	0	0
Baidu Inc. ADR	ADR	056752108	798	6,800	SH		SOLE	NONE	680	0	0
Bank Of America Corp.	CPFD	060505682	1,142	833	SH		SOLE	NONE	833	0	0
Bank of Montreal	COM	063671101	28,304	374,702	SH		SOLE	NONE	374,702	0	0
Bank of Nova Scotia	COM	064149107	57,054	1,062,193	SH		SOLE	NONE	1,062,193	0	0
Barrick Gold Corp.	COM	067901108	10,461	663,366	SH		SOLE	NONE	663,366	0	0
Becton Dickinson and Co.	COM	075887109	252	1,000	SH		SOLE	NONE	1,000	0	0
Becton Dickinson and Co. Preferred	PFD	075887208	2,334	37,700	SH		SOLE	NONE	37,700	0	0
Berkshire Hathaway Inc.	COM	084670702	28,343	132,958	SH		SOLE	NONE	13	0	0
Booking Holdings Inc.	COM	09857L108	16,392	8,744	SH		SOLE	NONE	8,744	0	0
Booz Allen Hamilton Holding Corp.	COM	099502106	56,872	858,966	SH		SOLE	NONE	858,966	0	0
Boston Properties Inc. REIT	REIT	101121101	1,726	13,379	SH		SOLE	NONE	13,379	0	0
Boston Scientific Corp.	COM	101137107	988	22,987	SH		SOLE	NONE	22,987	0	0
Brighthouse Financial Inc.	COM	10922N103	3,477	94,766	SH		SOLE	NONE	94,766	0	0
Bristol-Myers Squibb Co.	COM	110122108	56,474	1,245,299	SH		SOLE	NONE	1,245,299	0	0
Broadcom Inc.	COM	11135F101	40,128	139,400	SH		SOLE	NONE	139,400	0	0
Brookfield Asset Management Inc.	COM	112585104	27,617	577,258	SH		SOLE	NONE	577,258	0	0
B2Gold Corp.	COM	11777Q209	3,891	1,280,260	SH		SOLE	NONE	1,280,260	0	0
CAE Inc.	COM	124765108	5,079	188,918	SH		SOLE	NONE	188,918	0	0
CBRE Group Inc.	COM	12504L109	900	17,536	SH		SOLE	NONE	17,536	0	0
CGI Inc.	COM	12532H104	37,210	483,992	SH		SOLE	NONE	483,992	0	0
Cigna Corp.	COM	125523100	19,851	126,000	SH		SOLE	NONE	126,000	0	0
CME Group Inc.	COM	12572Q105	291	1,500	SH		SOLE	NONE	1,500	0	0
CRH Medical Corp.	COM	12626F105	34	11,369	SH		SOLE	NONE	11,369	0	0
CSX Corp.	COM	126408103	95,660	1,236,398	SH		SOLE	NONE	1,236,398	0	0
CVS Health Corp.	COM	126650100	33,995	623,867	SH		SOLE	NONE	623,867	0	0
Camden Property Trust REIT	REIT	133131102	942	9,020	SH		SOLE	NONE	9,020	0	0
Canadian National Railway Co.	COM	136375102	42,930	463,857	SH		SOLE	NONE	463,857	0	0
Canadian Natural Resources Ltd.	COM	136385101	38,291	1,420,100	SH		SOLE	NONE	1,420,100	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	24,970	106,018	SH		SOLE	NONE	106,018	0	0
Caterpillar Inc.	COM	149123101	67,651	496,373	SH		SOLE	NONE	496,373	0	0
Cemex SAB de CV	CCB	151290BT9	4,387	4,400,000	PRN		SOLE	NONE	0	0	0
Centene Corp.	COM	15135B101	73,565	1,402,832	SH		SOLE	NONE	1,402,832	0	0
Cenovus Energy Inc.	COM	15135U109	1,631	184,897	SH		SOLE	NONE	184,897	0	0
Charles & Colvard Ltd.	COM	159765106	2,884	1,825,000	SH		SOLE	NONE	1,825,000	0	0
The Chefs' Warehouse Inc.	COM	163086101	10,899	310,784	SH		SOLE	NONE	310,784	0	0
Chegg Inc.	COM	163092109	3,859	100,000	SH		SOLE	NONE	100,000	0	0
Cheniere Energy Inc.	COM	16411R208	937	13,687	SH		SOLE	NONE	13,687	0	0
Chevron Corp.	COM	166764100	7,429	59,701	SH		SOLE	NONE	59,701	0	0
Cisco Systems Inc.	COM	17275R102	17,992	328,733	SH		SOLE	NONE	328,733	0	0
The Coca-Cola Co.	COM	191216100	2,931	57,568	SH		SOLE	NONE	57,568	0	0
IH Merger Sub LLC	CCB	19625XAB8	1,525	1,250,000	PRN		SOLE	NONE	1,250,000	0	0
Comcast Corp.	COM	20030N101	21,382	505,718	SH		SOLE	NONE	59,321	0	0
Concho Resources Inc.	COM	20605P101	1,196	11,593	SH		SOLE	NONE	11,593	0	0
ConocoPhillips	COM	20825C104	2,510	41,153	SH		SOLE	NONE	41,153	0	0
CoreSite Realty Corp. REIT	REIT	21870Q105	938	8,141	SH		SOLE	NONE	8,141	0	0
Corning Inc.	COM	219350105	46,777	1,407,678	SH		SOLE	NONE	1,407,678	0	0
Corteva Inc.	COM	22052L104	3,259	110,206	SH		SOLE	NONE	110,206	0	0
Costco Wholesale Corp.	COM	22160K105	101,973	385,881	SH		SOLE	NONE	385,881	0	0
Coupa Software Inc.	COM	22266L106	6,331	50,000	SH		SOLE	NONE	50,000	0	0
Coupa Software Inc.	CCB	22266LAB2	1,428	500,000	PRN		SOLE	NONE	500,000	0	0
Covetrus Inc.	COM	22304C100	27	1,124	SH		SOLE	NONE	1,124	0	0
Cree Inc.	COM	225447101	12,349	219,804	SH		SOLE	NONE	219,804	0	0
Ctrip.com International Ltd. ADR	ADR	22943F100	31,243	846,452	SH		SOLE	NONE	105,807	0	0
Ctrip.com International Ltd.	CCB	22943FAM2	2,557	2,573,000	PRN		SOLE	NONE	321,625	0	0
Cummins Inc.	COM	231021106	1,226	7,156	SH		SOLE	NONE	7,156	0	0
Danaher Corp.	COM	235851102	23,127	161,820	SH		SOLE	NONE	161,820	0	0
Danaher Corp. Preferred	CPFD	235851300	1,373	1,250	SH		SOLE	NONE	1,250	0	0
The Descartes Systems Group Inc.	COM	249906108	2,258	61,042	SH		SOLE	NONE	61,042	0	0
The Walt Disney Co.	COM	254687106	27,056	193,758	SH		SOLE	NONE	193,758	0	0
DocuSign Inc.	COM	256163106	6,462	130,000	SH		SOLE	NONE	130,000	0	0
Dollar General Corp.	COM	256677105	25,112	185,797	SH		SOLE	NONE	185,797	0	0
Dow Inc.	COM	260557103	6,706	136,005	SH		SOLE	NONE	136,005	0	0
Duke Energy Corp.	COM	26441C204	1,321	14,970	SH		SOLE	NONE	14,970	0	0
Dupont De Nemours Inc.	COM	26614N102	10,204	135,921	SH		SOLE	NONE	135,921	0	0
Eastman Chemical Co.	COM	277432100	3,635	46,700	SH		SOLE	NONE	46,700	0	0
Ecolab Inc.	COM	278865100	7,086	35,889	SH		SOLE	NONE	35,889	0	0
eHealth Inc.	COM	28238P109	5,618	65,246	SH		SOLE	NONE	65,246	0	0
Elanco Animal Health Inc.	COM	28414H103	1,690	50,000	SH		SOLE	NONE	50,000	0	0
Emerson Electric Co.	COM	291011104	3,146	47,159	SH		SOLE	NONE	47,159	0	0
Encana Corp.	COM	292505104	855	166,648	SH		SOLE	NONE	166,648	0	0
Enbridge Inc.	COM	29250N105	41,099	1,137,997	SH		SOLE	NONE	1,137,997	0	0
Enerplus Corp.	COM	292766102	11,548	1,535,323	SH		SOLE	NONE	1,535,323	0	0
Entergy Corp.	COM	29364G103	1,960	19,038	SH		SOLE	NONE	19,038	0	0
Enterprise Products Partners LP	COM	293792107	1,780	61,654	SH		SOLE	NONE	61,654	0	0
Equinix Inc. REIT	REIT	29444U700	4,709	9,338	SH		SOLE	NONE	9,338	0	0
Etsy Inc.	COM	29786A106	3,989	65,000	SH		SOLE	NONE	65,000	0	0
Evercore Inc.	COM	29977A105	6,643	75,000	SH		SOLE	NONE	75,000	0	0
Exelon Corp.	COM	30161N101	199	4,149	SH		SOLE	NONE	4,149	0	0
Exxon Mobil Corp.	COM	30231G102	57,529	750,739	SH		SOLE	NONE	750,739	0	0
First Solar Inc.	COM	336433107	1,642	24,994	SH		SOLE	NONE	24,994	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	17,394	179,785	SH		SOLE	NONE	179,785	0	0
Fortive Corp. Preferred	PFD	34959J207	875	850	SH		SOLE	NONE	850	0	0
AGFiQ Dynamic Hedged U.S. Equity ETF	ETF	351680749	2,311	90,000	SH		SOLE	NONE	0	0	0
AGFiQ Global Infrastructure ETF	ETF	351680756	2,317	90,000	SH		SOLE	NONE	0	0	0
Franco-Nevada Corp.	COM	351858105	7,036	82,900	SH		SOLE	NONE	82,900	0	0
Franklin FTSE Japan ETF	ETF	35473P744	61,161	2,546,269	SH		SOLE	NONE	0	0	0
GW Pharmaceuticals PLC ADR	ADR	36197T103	5,724	33,205	SH		SOLE	NONE	33,205	0	0
Garrett Motion Inc.	COM	366505105	2,020	131,604	SH		SOLE	NONE	131,604	0	0
Global Payments Inc.	COM	37940X102	84,366	526,857	SH		SOLE	NONE	526,857	0	0
Global X MSCI Norway ETF	ETF	37950E747	11,780	966,121	SH		SOLE	NONE	966,121	0	0
Gold Standard Ventures Corp.	COM	380738104	474	453,400	SH		SOLE	NONE	453,400	0	0
Golden Star Resources Ltd.	COM	38119T807	893	220,580	SH		SOLE	NONE	220,580	0	0
Goosehead Insurance Inc.	COM	38267D109	1,487	31,101	SH		SOLE	NONE	31,101	0	0
Granite Construction Inc.	COM	387328107	2,409	50,000	SH		SOLE	NONE	50,000	0	0
HDFC Bank Ltd. ADR	ADR	40415F101	1,428	10,980	SH		SOLE	NONE	10,980	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc. REIT	REIT	41068X100	2,367	83,991	SH		SOLE	NONE	83,991	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	CCB	41068XAB6	2,153	1,960,000	PRN		SOLE	NONE	1,960,000	0	0
HEICO Corp.	COM	422806109	13,067	97,656	SH		SOLE	NONE	97,656	0	0
The Home Depot Inc.	COM	437076102	35,124	168,888	SH		SOLE	NONE	168,888	0	0
Honeywell International Inc.	COM	438516106	251,894	1,442,773	SH		SOLE	NONE	1,442,773	0	0
Hudbay Minerals Inc.	COM	443628102	2,536	468,379	SH		SOLE	NONE	468,379	0	0
Huntington Ingalls Industries Inc.	COM	446413106	21,124	93,992	SH		SOLE	NONE	93,992	0	0
IDEXX Laboratories Inc.	COM	45168D104	44,178	160,453	SH		SOLE	NONE	160,453	0	0
Illumina Inc.	COM	452327109	63,088	171,364	SH		SOLE	NONE	171,364	0	0
Illumina Inc.	CCB	452327AH2	1,195	775,000	PRN		SOLE	NONE	775,000	0	0
ING Groep NV ADR	ADR	456837103	6	554	SH		SOLE	NONE	554	0	0
Ingredion Inc.	COM	457187102	196	2,374	SH		SOLE	NONE	2,374	0	0
Innoviva Inc.	CCB	45781MAB7	826	750,000	PRN		SOLE	NONE	750,000	0	0
Intel Corp.	COM	458140100	11,743	245,309	SH		SOLE	NONE	245,309	0	0
International Business Machines Corp.	COM	459200101	36,713	266,226	SH		SOLE	NONE	266,226	0	0
International Flavors & Fragrances Inc.	COM	459506101	0	1	SH		SOLE	NONE	1	0	0
Intuit Inc.	COM	461202103	73,973	283,065	SH		SOLE	NONE	283,065	0	0
IQVIA Holdings Inc.	COM	46266C105	25,604	159,130	SH		SOLE	NONE	159,130	0	0
Iron Mountain Inc. REIT	REIT	46284V101	3,300	105,440	SH		SOLE	NONE	105,440	0	0
iShares MSCI World ETF	ETF	464286392	15	166	SH		SOLE	NONE	166	0	0
iShares JP Morgan EM Local Currency Bond ETF	ETF	464286517	4	93	SH		SOLE	NONE	93	0	0
iShares MSCI Thailand ETF	ETF	464286624	15,025	157,178	SH		SOLE	NONE	157,178	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	3	62	SH		SOLE	NONE	62	0	0
iShares MSCI Spain ETF	ETF	464286764	7,141	247,009	SH		SOLE	NONE	247,009	0	0
iShares MSCI South Korea ETF	ETF	464286772	37,799	631,351	SH		SOLE	NONE	631,351	0	0
iShares Core S&P 500 ETF	ETF	464287200	94,783	321,570	SH		SOLE	NONE	321,570	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	9,655	225,000	SH		SOLE	NONE	225,000	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	1	13	SH		SOLE	NONE	13	0	0
iShares iBoxx	ETF	464288513	6	65	SH		SOLE	NONE	65	0	0
iShares MSCI India ETF	ETF	46429B598	24,776	701,866	SH		SOLE	NONE	701,866	0	0
iShares MSCI China ETF	ETF	46429B671	35,345	594,537	SH		SOLE	NONE	594,537	0	0
iShares MSCI Singapore ETF	ETF	46434G780	66,182	2,679,417	SH		SOLE	NONE	2,679,417	0	0
iShares MSCI Japan ETF	ETF	46434G822	59,550	1,091,058	SH		SOLE	NONE	1,091,058	0	0
iShares MSCI Italy ETF	ETF	46434G830	12,833	465,825	SH		SOLE	NONE	465,825	0	0
JPMorgan Chase & Co.	COM	46625H100	174,834	1,563,811	SH		SOLE	NONE	1,563,811	0	0
Jacobs Engineering Group Inc.	COM	469814107	85,299	1,010,774	SH		SOLE	NONE	1,010,774	0	0
Jazz Investments I Ltd.	CCB	472145AB7	1,018	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Johnson & Johnson	COM	478160104	40,355	289,740	SH		SOLE	NONE	289,740	0	0
Jones Lang Lasalle Inc.	COM	48020Q107	275	1,954	SH		SOLE	NONE	1,954	0	0
Kellogg Co.	COM	487836108	1,106	20,654	SH		SOLE	NONE	20,654	0	0
Keysight Technologies Inc.	COM	49338L103	61,883	689,047	SH		SOLE	NONE	689,047	0	0
Kirkland Lake Gold Ltd.	COM	49741E100	14,612	339,157	SH		SOLE	NONE	339,157	0	0
The Kraft Heinz Co.	COM	500754106	29,841	961,367	SH		SOLE	NONE	961,367	0	0
LG Display Co. Ltd. ADR	ADR	50186V102	2,340	301,992	SH		SOLE	NONE	301,992	0	0
LPL Financial Holdings Inc.	COM	50212V100	4,079	50,000	SH		SOLE	NONE	50,000	0	0
Liberty Interactive LLC	CCB	530715AN1	1,063	1,200,000	PRN		SOLE	NONE	1,200,000	0	0
Lincoln National Corp.	COM	534187109	9,140	141,814	SH		SOLE	NONE	141,814	0	0
LivePerson Inc.	COM	538146101	3,505	125,000	SH		SOLE	NONE	125,000	0	0
Lockheed Martin Corp.	COM	539830109	26,565	73,072	SH		SOLE	NONE	73,072	0	0
Lululemon Athletica Inc.	COM	550021109	7,232	40,131	SH		SOLE	NONE	40,131	0	0
MAG Silver Corp.	COM	55903Q104	1,219	115,550	SH		SOLE	NONE	115,550	0	0
Magna International Inc.	COM	559222401	2,533	50,916	SH		SOLE	NONE	50,916	0	0
Manulife Financial Corp.	COM	56501R106	44,505	2,448,788	SH		SOLE	NONE	2,448,788	0	0
Marathon Petroleum Corp.	COM	56585A102	3,515	62,894	SH		SOLE	NONE	62,894	0	0
MarketAxess Holdings Inc.	COM	57060D108	17,678	55,000	SH		SOLE	NONE	55,000	0	0
Martin Marietta Materials Inc.	COM	573284106	968	4,205	SH		SOLE	NONE	4,205	0	0
McCormick and Co. Inc.	COM	579780206	2,926	18,874	SH		SOLE	NONE	0	0	0
McDonald's Corp.	COM	580135101	33,270	160,215	SH		SOLE	NONE	160,215	0	0
MercadoLibre Inc.	COM	58733R102	4,304	7,036	SH		SOLE	NONE	7,036	0	0
MetLife Inc.	COM	59156R108	50,880	1,024,366	SH		SOLE	NONE	1,024,366	0	0
Microsoft Corp.	COM	594918104	49,581	370,120	SH		SOLE	NONE	370,120	0	0
Mondelez International Inc.	COM	609207105	133,904	2,484,296	SH		SOLE	NONE	2,484,296	0	0
Monolithic Power Systems Inc.	COM	609839105	1,514	11,153	SH		SOLE	NONE	11,153	0	0
Moody's Corp.	COM	615369105	122,165	625,492	SH		SOLE	NONE	625,492	0	0
NXP Semiconductors NV	CCB	62952QAB6	1,054	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Natera Inc.	COM	632307104	4,689	170,000	SH		SOLE	NONE	170,000	0	0
National Retail Properties Inc. REIT	REIT	637417106	44,193	833,666	SH		SOLE	NONE	833,666	0	0
Netflix Inc.	COM	64110L106	87,496	238,201	SH		SOLE	NONE	238,201	0	0
NetEase Inc. ADR	ADR	64110W102	2,310	9,030	SH		SOLE	NONE	225,750	0	0
Newmont Goldcorp Corp.	COM	651639106	8,360	217,325	SH		SOLE	NONE	217,325	0	0
NextEra Energy Inc.	COM	65339F101	1,956	9,547	SH		SOLE	NONE	9,547	0	0
Northrop Grumman Corp.	COM	666807102	135,432	419,151	SH		SOLE	NONE	419,151	0	0
Nutrien Ltd.	COM	67077M108	79,476	1,486,157	SH		SOLE	NONE	1,486,157	0	0
Occidental Petroleum Corp.	COM	674599105	63,812	1,269,142	SH		SOLE	NONE	1,269,142	0	0
Okta Inc.	COM	679295105	9,263	75,000	SH		SOLE	NONE	75,000	0	0
Okta Inc.	CCB	679295AB1	2,304	889,000	PRN		SOLE	NONE	889,000	0	0
Old Dominion Freight Line Inc.	COM	679580100	62,251	417,065	SH		SOLE	NONE	417,065	0	0
Omnicom Group Inc.	COM	681919106	63,013	768,919	SH		SOLE	NONE	768,919	0	0
Open Text Corp.	COM	683715106	10,657	258,246	SH		SOLE	NONE	258,246	0	0
Oracle Corp.	COM	68389X105	19,690	345,628	SH		SOLE	NONE	345,628	0	0
Osisko Gold Royalties Ltd.	COM	68827L101	919	88,168	SH		SOLE	NONE	88,168	0	0
Pan American Silver Corp.	COM	697900108	1,214	93,963	SH		SOLE	NONE	93,963	0	0
Pattern Energy Group Inc.	CCB	70338PAB6	4,159	4,118,000	PRN		SOLE	NONE	4,118,000	0	0
PayPal Holdings Inc.	COM	70450Y103	60,344	527,202	SH		SOLE	NONE	527,202	0	0
Pembina Pipeline Corp.	COM	706327103	17,719	475,986	SH		SOLE	NONE	475,986	0	0
PepsiCo Inc.	COM	713448108	28,414	216,688	SH		SOLE	NONE	216,688	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	176	11,273	SH		SOLE	NONE	11,273	0	0
Pfizer Inc.	COM	717081103	23,486	542,158	SH		SOLE	NONE	542,158	0	0
Philip Morris International Inc.	COM	718172109	102,214	1,301,586	SH		SOLE	NONE	1,301,586	0	0
Planet Fitness Inc.	COM	72703H101	6,175	85,237	SH		SOLE	NONE	85,237	0	0
Pluralsight Inc.	COM	72941B106	3,032	100,000	SH		SOLE	NONE	100,000	0	0
Precision Drilling Corp.	COM	74022D308	5,473	2,913,721	SH		SOLE	NONE	2,913,721	0	0
T Rowe Price Group Inc.	COM	74144T108	73,466	669,635	SH		SOLE	NONE	669,635	0	0
Booking Holdings Inc.	CB	741503AS5	2,015	1,400,000	SH		SOLE	NONE	1,400,000	0	0
Primerica Inc.	COM	74164M108	72,640	605,584	SH		SOLE	NONE	605,584	0	0
The Procter & Gamble Co.	COM	742718109	21,681	197,729	SH		SOLE	NONE	197,729	0	0
The Progressive Corp.	COM	743315103	64,942	812,480	SH		SOLE	NONE	812,480	0	0
Prologis Inc. REIT	REIT	74340W103	41,706	520,680	SH		SOLE	NONE	520,680	0	0
Resideo Technologies Inc.	COM	76118Y104	4,823	220,033	SH		SOLE	NONE	220,033	0	0
Restaurant Brands International Inc.	COM	76131D103	9,060	130,276	SH		SOLE	NONE	130,276	0	0
Rogers Communications Inc.	COM	775109200	24,209	452,249	SH		SOLE	NONE	0	0	0
Roper Technologies Inc.	COM	776696106	6,935	18,935	SH		SOLE	NONE	18,935	0	0
Royal Bank of Canada	COM	780087102	81,965	1,031,396	SH		SOLE	NONE	1,031,396	0	0
SPDR Bloomberg Barclays	ETF	78468R663	108,828	1,187,953	SH		SOLE	NONE	1,187,953	0	0
SSR Mining Inc.	COM	784730103	1,661	121,398	SH		SOLE	NONE	121,398	0	0
Sandstorm Gold Ltd.	COM	80013R206	593	106,742	SH		SOLE	NONE	106,742	0	0
SAP SE ADR	ADR	803054204	6,870	50,218	SH		SOLE	NONE	50,218	0	0
Henry Schein Inc.	COM	806407102	197	2,816	SH		SOLE	NONE	2,816	0	0
Sempra Energy	COM	816851109	960	6,982	SH		SOLE	NONE	6,982	0	0
ServiceNow Inc.	COM	81762P102	69,166	251,907	SH		SOLE	NONE	251,907	0	0
ServiceNow Inc.	CCB	81762PAC6	1,140	550,000	PRN		SOLE	NONE	550,000	0	0
Shaw Communications Inc.	COM	82028K200	4,229	207,242	SH		SOLE	NONE	0	0	0
The Sherwin-Williams Co.	COM	824348106	72,646	158,515	SH		SOLE	NONE	158,515	0	0
Shopify Inc.	COM	82509L107	12,024	40,060	SH		SOLE	NONE	40,060	0	0
Silver Standard Resources Inc.	CCB	82823LAC0	999	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
SilverCrest Metals Inc.	COM	828363101	4,920	1,243,832	SH		SOLE	NONE	1,243,832	0	0
Simon Property Group Inc. REIT	REIT	828806109	405	2,532	SH		SOLE	NONE	2,532	0	0
AO Smith Corp.	COM	831865209	841	17,834	SH		SOLE	NONE	1,783	0	0
Tesla Energy Operations Inc.	CCB	83416TAC4	1,206	1,250,000	PRN		SOLE	NONE	1,250,000	0	0
Solitario Zinc Corp.	COM	8342EP107	36	111,630	SH		SOLE	NONE	111,630	0	0
Sony Corp. ADR	ADR	835699307	7,701	147,000	SH		SOLE	NONE	1,470	0	0
Southern Copper Corp.	COM	84265V105	15,902	409,311	SH		SOLE	NONE	409,311	0	0
Sprouts Farmers Market Inc.	COM	85208M102	1,381	73,098	SH		SOLE	NONE	73,098	0	0
Square Inc.	COM	852234103	55,516	765,416	SH		SOLE	NONE	765,416	0	0
Square Inc.	CCB	852234AB9	2,517	798,000	PRN		SOLE	NONE	798,000	0	0
Stifel Financial Corp.	COM	860630102	11,246	190,414	SH		SOLE	NONE	190,414	0	0
Stryker Corp.	COM	863667101	411	2,000	SH		SOLE	NONE	2,000	0	0
Sun Life Financial Inc.	COM	866796105	22,547	544,477	SH		SOLE	NONE	544,477	0	0
Suncor Energy Inc.	COM	867224107	35,487	1,137,610	SH		SOLE	NONE	1,137,610	0	0
Synchrony Financial	COM	87165B103	73,273	2,113,427	SH		SOLE	NONE	2,113,427	0	0
The TJX Cos. Inc.	COM	872540109	39,371	744,537	SH		SOLE	NONE	744,537	0	0
T-Mobile US Inc.	COM	872590104	111,503	1,503,950	SH		SOLE	NONE	1,503,950	0	0
TAL Education Group ADR	ADR	874080104	610	16,000	SH		SOLE	NONE	5,333	0	0
Teck Resources Ltd.	COM	878742204	15,753	682,659	SH		SOLE	NONE	682,659	0	0
TELUS Corp.	COM	87971M103	23,509	635,951	SH		SOLE	NONE	635,951	0	0
Tenaris SA ADR	ADR	88031M109	21,837	829,998	SH		SOLE	NONE	829,998	0	0
Tesla Inc.	CCB	88160RAD3	936	950,000	PRN		SOLE	NONE	950,000	0	0
Teva Pharmaceutical Industries Ltd. ADR	ADR	881624209	14,334	1,552,994	SH		SOLE	NONE	1,552,994	0	0
Texas Instruments Inc.	COM	882508104	827	7,205	SH		SOLE	NONE	7,205	0	0
Thermo Fisher Scientific Inc.	COM	883556102	42,108	143,382	SH		SOLE	NONE	143,382	0	0
3M Co.	COM	88579Y101	63,477	366,197	SH		SOLE	NONE	366,197	0	0
The Timken Co.	COM	887389104	812	15,808	SH		SOLE	NONE	15,808	0	0
Toronto-Dominion Bank	COM	891160509	76,161	1,303,407	SH		SOLE	NONE	1,303,407	0	0
Trex Co. Inc.	COM	89531P105	3,991	55,665	SH		SOLE	NONE	55,665	0	0
Trimble Inc.	COM	896239100	4,726	104,770	SH		SOLE	NONE	104,770	0	0
Twilio Inc.	COM	90138F102	4,091	30,000	SH		SOLE	NONE	30,000	0	0
Twitter Inc.	CCB	90184LAD4	5,312	5,550,000	PRN		SOLE	NONE	5,550,000	0	0
Tyson Foods Inc.	COM	902494103	2,361	29,244	SH		SOLE	NONE	29,244	0	0
US Bancorp	COM	902973304	25,620	488,929	SH		SOLE	NONE	488,929	0	0
United Rentals Inc.	COM	911363109	47,751	360,029	SH		SOLE	NONE	360,029	0	0
United Technologies Corp.	COM	913017109	24,718	189,848	SH		SOLE	NONE	189,848	0	0
UnitedHealth Group Inc.	COM	91324P102	107,230	439,448	SH		SOLE	NONE	439,448	0	0
Universal Display Corp.	COM	91347P105	9,990	53,120	SH		SOLE	NONE	53,120	0	0
Valero Energy Corp.	COM	91913Y100	1,731	20,219	SH		SOLE	NONE	20,219	0	0
Vanguard Total Bond Market ETF	ETF	921937835	15	182	SH		SOLE	NONE	0	0	0
Vanguard Total International Bond ETF	ETF	92203J407	19	339	SH		SOLE	NONE	0	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	11	254	SH		SOLE	NONE	254	0	0
Vanguard FTSE Europe ETF	ETF	922042874	6	104	SH		SOLE	NONE	104	0	0
Vector Group Ltd.	CCB	92240MBC1	1,031	1,000,000	PRN		SOLE	NONE	1,000,000	0	0
Verint Systems Inc.	COM	92343X100	562	10,457	SH		SOLE	NONE	10,457	0	0
Vermilion Energy Inc.	COM	923725105	4,730	217,730	SH		SOLE	NONE	217,730	0	0
Visa Inc.	COM	92826C839	51,238	295,235	SH		SOLE	NONE	295,235	0	0
WEC Energy Group Inc.	COM	92939U106	333	4,000	SH		SOLE	NONE	4,000	0	0
Wabtec Corp.	COM	929740108	2,272	31,663	SH		SOLE	NONE	31,663	0	0
Walmart Inc.	COM	931142103	26,580	240,563	SH		SOLE	NONE	240,563	0	0
Waste Connections Inc.	COM	94106B101	6,246	65,349	SH		SOLE	NONE	65,349	0	0
Waste Management Inc.	COM	94106L109	215,988	1,872,132	SH		SOLE	NONE	1,872,132	0	0
Watts Water Technologies Inc.	COM	942749102	1,426	15,299	SH		SOLE	NONE	15,299	0	0
Anthem Inc.	CCB	94973VBG1	1,758	450,000	PRN		SOLE	NONE	450,000	0	0
Wells Fargo & Company	COM	949746101	17,950	379,336	SH		SOLE	NONE	379,336	0	0
Wells Fargo & Co.	CPFD	949746804	1,127	825	SH		SOLE	NONE	825	0	0
Western Copper And Gold Corp.	COM	95805V108	45	68,838	SH		SOLE	NONE	68,838	0	0
Western Digital Corp.	COM	958102105	50,801	1,068,370	SH		SOLE	NONE	1,068,370	0	0
Westlake Chemical Corp.	COM	960413102	819	11,795	SH		SOLE	NONE	11,795	0	0
Wheaton Precious Metals Corp.	COM	962879102	8,671	358,552	SH		SOLE	NONE	358,552	0	0
The Williams Cos. Inc.	COM	969457100	79,863	2,848,196	SH		SOLE	NONE	2,848,196	0	0
Workday Inc.	COM	98138H101	68,900	335,148	SH		SOLE	NONE	335,148	0	0
Workday Inc.	CCB	98138HAD3	202	80,000	PRN		SOLE	NONE	80,000	0	0
Workday Inc.	CCB	98138HAF8	899	600,000	PRN		SOLE	NONE	600,000	0	0
WPX Energy Inc.	COM	98212B103	19,005	1,651,169	SH		SOLE	NONE	1,651,169	0	0
Xylem Inc.	COM	98419M100	5,901	70,554	SH		SOLE	NONE	70,554	0	0
Zscaler Inc.	COM	98980G102	5,365	70,000	SH		SOLE	NONE	70,000	0	0
Accenture PLC	COM	G1151C101	23,515	127,269	SH		SOLE	NONE	127,269	0	0
Brookfield Business Partners LP - Units	UNIT	G16234109	6,396	164,274	SH		SOLE	NONE	164,274	0	0
Brookfield Infrastructure Partners LP	LTD PART	G16252101	3,396	79,238	SH		SOLE	NONE	79,238	0	0
Brookfield Renewable Partners LP	LTD PART	G16258108	3,531	102,089	SH		SOLE	NONE	102,089	0	0
Credicorp Ltd.	COM	G2519Y108	13,422	58,633	SH		SOLE	NONE	58,633	0	0
Eaton Corp. PLC	COM	G29183103	1,192	14,312	SH		SOLE	NONE	14,312	0	0
IHS Markit Ltd.	COM	G47567105	4,809	75,468	SH		SOLE	NONE	75,468	0	0
Invesco Ltd.	COM	G491BT108	41,791	2,042,577	SH		SOLE	NONE	2,042,577	0	0
Medtronic PLC	COM	G5960L103	5,897	60,552	SH		SOLE	NONE	60,552	0	0
Aptiv PLC	COM	G6095L109	3,396	42,020	SH		SOLE	NONE	42,020	0	0
Chubb Ltd.	COM	H1467J104	178,207	1,209,909	SH		SOLE	NONE	1,209,909	0	0
Logitech International SA	ADR	H50430232	3,996	100,506	SH		SOLE	NONE	100,506	0	0
Globant SA	COM	L44385109	6,606	65,371	SH		SOLE	NONE	65,371	0	0