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
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
SCHLUMBERGER LTD COM 806857108 881 7,500 SH   SOLE   7,500 0 0
NABORS INDUSTRIES LTD SHS G6359F103 22,210 758,794 SH   SOLE   758,794 0 0
SEADRILL LTD SHS G7945E105 2,379 60,000 SH   SOLE   60,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 1,922 50,900 SH   SOLE   50,900 0 0
AGRIUM INC COM 008916108 2,573 28,000 SH   SOLE   28,000 0 0
BCE INC COM NEW 05534B760 7,701 170,000 SH   SOLE   170,000 0 0
BANK OF MONTREAL COM 063671101 12,479 169,500 SH   SOLE   169,500 0 0
BANK OF NOVA SCOTIA COM 064149107 25,671 385,000 SH   SOLE   385,000 0 0
BARRICK GOLD CORP COM 067901108 5,745 315,000 SH   SOLE   315,000 0 0
BLACKBERRY LTD COM 09228F103 148 14,500 SH   SOLE   14,500 0 0
BROOKFIELD ASSET MANAGE CL A LTD VT SH 112585104 7,211 164,000 SH   SOLE   164,000 0 0
CAE INC COM 124765108 3,066 234,000 SH   SOLE   234,000 0 0
CAMECO CORP COM 13321L108 2,797 143,000 SH   SOLE   143,000 0 0
CAN IMPERIAL BK OF COMMERCE COM 136069101 9,006 99,000 SH   SOLE   99,000 0 0
CANADIAN NATL RAILWAY CO COM 136375102 20,751 318,600 SH   SOLE   318,600 0 0
CANADIAN NATURAL RESOURCES COM 136385101 14,593 318,000 SH   SOLE   318,000 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 4,070 22,400 SH   SOLE   22,400 0 0
CATAMARAN CORP COM 148887102 2,752 62,200 SH   SOLE   62,200 0 0
CENOVUS ENERGY INC COM 15135U109 9,150 283,000 SH   SOLE   283,000 0 0
CRESCENT POINT ENERGY COM 22576C101 5,012 113,500 SH   SOLE   113,500 0 0
ELDORADO GOLD CORP COM 284902103 1,539 204,000 SH   SOLE   204,000 0 0
ENCANA CORP COM 292505104 6,699 283,000 SH   SOLE   283,000 0 0
ENBRIDGE INC COM 29250N105 11,741 248,000 SH   SOLE   248,000 0 0
ENERPLUS CORP COM 292766102 1,420 56,500 SH   SOLE   56,500 0 0
GILDAN ACTIVEWEAR INC COM 375916103 3,999 68,000 SH   SOLE   68,000 0 0
GOLDCORP INC COM 380956409 6,734 244,000 SH   SOLE   244,000 0 0
CGI GROUP INC CL A SUB VTG 39945C109 4,036 113,300 SH   SOLE   113,300 0 0
IMPERIAL OIL LTD COM NEW 453038408 3,895 74,000 SH   SOLE   74,000 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,505 370,000 SH   SOLE   370,000 0 0
MAGNA INTERNATIONAL INC COM 559222401 8,808 81,500 SH   SOLE   81,500 0 0
MANULIFE FINANCIAL CORP. COM 56501R106 1,452 73,000 SH   SOLE   73,000 0 0
PENN WEST PETROLEUM LTD COM 707887105 1,376 141,000 SH   SOLE   141,000 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 11,868 312,000 SH   SOLE   312,000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 4,271 106,000 SH   SOLE   106,000 0 0
ROYAL BANK OF CANADA COM 780087102 31,657 442,500 SH   SOLE   442,500 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 2,890 113,000 SH   SOLE   113,000 0 0
SILVER WHEATON CORP COM 828336107 3,092 119,000 SH   SOLE   119,000 0 0
Sun Life Financial Inc. COM 866796105 773 21,000 SH   SOLE   21,000 0 0
SUNCOR ENERGY INC COM 867224107 19,589 459,000 SH   SOLE   459,000 0 0
TALISMAN ENERGY INC COM 87425E103 4,375 415,000 SH   SOLE   415,000 0 0
TECK RESOURCES LTD CL B 878742204 2,043 90,400 SH   SOLE   90,400 0 0
TELUS CORP COM 87971M103 7,170 192,000 SH   SOLE   192,000 0 0
THOMSON REUTERS CORP COM 884903105 1,891 52,000 SH   SOLE   52,000 0 0
TIM HORTONS INC COM 88706M103 2,480 45,250 SH   SOLE   45,250 0 0
TORONTO-DOMINION BANK COM NEW 891160509 31,573 612,000 SH   SOLE   612,000 0 0
TRANSCANADA CORP COM 89353D107 10,801 226,000 SH   SOLE   226,000 0 0
VALEANT PHARMACEUTICALS INTE COM 91911K102 14,299 113,000 SH   SOLE   113,000 0 0
YAMANA GOLD INC COM 98462Y100 1,731 215,000 SH   SOLE   215,000 0 0
UBS AG SHS NEW H89231338 19,900 1,089,741 SH   SOLE   1,089,741 0 0
LOGITECH INTL NA SHS H50430232 6,266 489,753 SH   SOLE   489,753 0 0
TRANSOCEAN LTD REG SHS H8817H100 5,176 114,800 SH   SOLE   114,800 0 0
TYCO INTERNATIONAL LTD SHS H89128104 1,892 41,600 SH   SOLE   41,600 0 0
TE CONNECTIV.LTD. SF REG SHS H84989104 3,417 55,502 SH   SOLE   55,502 0 0
DEUTSCHE BANK AG-REGISTERED NAMEN AKT D18190898 154,025 4,382,876 SH   SOLE   4,382,876 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 3,531 110,612 SH   SOLE   110,612 0 0
NOBLE CORP. PLC SHS USD G65431101 5,356 159,877 SH   SOLE   159,877 0 0
SEAGATE TECHNOLOGY SHS G7945M107 6,114 107,590 SH   SOLE   107,590 0 0
INGERSOLL-RAND PLC SHS G47791101 94 1,500 SH   SOLE   1,500 0 0
ALLEGION PLC ORD SHS G0176J109 28 500 SH   SOLE   500 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 3,437 49,855 SH   SOLE   49,855 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1,443 26,000 SH   SOLE   26,000 0 0
QIAGEN N.V. REG SHS N72482107 6,629 273,000 SH   SOLE   273,000 0 0
YANDEX NV CL A N97284108 71 2,000 SH   SOLE   2,000 0 0
CNH INDUSTRIAL NV SHS N20944109 2,881 284,000 SH   SOLE   284,000 0 0
ACCO BRANDS CORP COM 00081T108 5 824 SH   SOLE   824 0 0
ADT CORP/THE COM 00101J106 22,075 628,624 SH   SOLE   628,624 0 0
AT&T INC COM 00206R102 12,893 363,911 SH   SOLE   363,911 0 0
ABBOTT LABORATORIES COM 002824100 10,746 262,547 SH   SOLE   262,547 0 0
ABBVIE INC COM 00287Y109 340 6,000 SH   SOLE   6,000 0 0
AMBEV SA SPONSORED ADR 02319V103 1,925 275,000 SH   SOLE   275,000 0 0
AMEREN CORPORATION COM 023608102 12,931 316,557 SH   SOLE   316,557 0 0
AMERICAN ELECTRIC POWER COM 025537101 3,737 67,123 SH   SOLE   67,123 0 0
AMGEN INC COM 031162100 15,416 130,023 SH   SOLE   130,023 0 0
APACHE CORP COM 037411105 8,059 79,826 SH   SOLE   79,826 0 0
APPLE INC COM 037833100 14,776 158,081 SH   SOLE   158,081 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 4,957 112,118 SH   SOLE   112,118 0 0
AUTODESK INC COM 052769106 393 7,000 SH   SOLE   7,000 0 0
AVON PROD COM 054303102 219 15,000 SH   SOLE   15,000 0 0
BAKER HUGHES INC COM 057224107 3,370 45,357 SH   SOLE   45,357 0 0
BANK OF AMERICA CORP COM 060505104 770 50,000 SH   SOLE   50,000 0 0
BAXTER INTERNATIONAL INC COM 071813109 425 5,900 SH   SOLE   5,900 0 0
BECTON DICKINSON AND CO COM 075887109 379 3,200 SH   SOLE   3,200 0 0
BED BATH & BEYOND INC COM 075896100 3,113 54,305 SH   SOLE   54,305 0 0
BEST BUY CO INC COM 086516101 10,941 350,802 SH   SOLE   350,802 0 0
BIOGEN IDEC INC. COM 09062X103 253 800 SH   SOLE   800 0 0
CBS CORP.(NEW) B CL B 124857202 21,161 340,698 SH   SOLE   340,698 0 0
CVS CAREMARK CORP COM 126650100 13,777 181,777 SH   SOLE   181,777 0 0
CA INC COM 12673P105 10,614 368,026 SH   SOLE   368,026 0 0
CAMPBELL SOUP CO COM 134429109 321 7,000 SH   SOLE   7,000 0 0
CAPITAL ONE FINL COM 14040H105 8,286 100,285 SH   SOLE   100,285 0 0
CARDINAL HEALTH INC COM 14149Y108 8,062 117,058 SH   SOLE   117,058 0 0
CAREFUSION CORP COM 14170T101 8,403 189,804 SH   SOLE   189,804 0 0
CATERPILLAR INC COM 149123101 261 2,400 SH   SOLE   2,400 0 0
CELGENE CORP COM 151020104 20,582 239,292 SH   SOLE   239,292 0 0
CENTURYLINK INC COM 156700106 4,925 135,912 SH   SOLE   135,912 0 0
CHESAPEAKE EN. COM 165167107 7,550 244,342 SH   SOLE   244,342 0 0
CHEVRON CORP. COM 166764100 21,095 161,626 SH   SOLE   161,626 0 0
CISCO SYSTEMS INC COM 17275R102 26,463 1,063,201 SH   SOLE   1,063,201 0 0
CITIGROUP INC COM NEW 172967424 1,319 28,000 SH   SOLE   28,000 0 0
CLOROX COMPANY COM 189054109 3,021 33,036 SH   SOLE   33,036 0 0
COACH INC. COM 189754104 2,288 66,851 SH   SOLE   66,851 0 0
COCA-COLA CO/THE COM 191216100 5,452 128,625 SH   SOLE   128,625 0 0
COLGATE-PALMOLIVE CO COM 194162103 519 7,600 SH   SOLE   7,600 0 0
COMCAST CORP.NEW CL A 20030N101 40,836 759,026 SH   SOLE   759,026 0 0
CIA EN.GER.ADR PFD NV 1 SPONS ADR 204409601 1,281 161,593 SH   SOLE   161,593 0 0
CIA SANEAMENTO BASICO DE SPONSORED ADR 20441A102 642 60,000 SH   SOLE   60,000 0 0
CONAGRA FOODS INC COM 205887102 59 2,000 SH   SOLE   2,000 0 0
CONOCOPHILLIPS COM 20825C104 23,363 272,423 SH   SOLE   272,423 0 0
CORNING INC COM 219350105 13,007 590,691 SH   SOLE   590,691 0 0
DANAHER CORP. COM 235851102 8,753 111,240 SH   SOLE   111,240 0 0
DELTA AIR LINES INC. COM NEW 247361702 3,873 98,744 SH   SOLE   98,744 0 0
DENBURY RESOURCES INC COM NEW 247916208 7,664 414,918 SH   SOLE   414,918 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 2,683 31,218 SH   SOLE   31,218 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 10,690 172,526 SH   SOLE   172,526 0 0
DOVER CORP. COM 260003108 3,636 40,021 SH   SOLE   40,021 0 0
DOW CHEMICAL CO/THE COM 260543103 593 11,500 SH   SOLE   11,500 0 0
Du Pont Nemours COM 263534109 2,570 39,372 SH   SOLE   39,372 0 0
DUKE ENERGY CORP COM NEW 26441C204 7,214 97,409 SH   SOLE   97,409 0 0
EMC CORP/MA COM 268648102 10,967 416,518 SH   SOLE   416,518 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 15,039 707,727 SH   SOLE   707,727 0 0
EBAY INC COM 278642103 13,424 268,220 SH   SOLE   268,220 0 0
ECOPETROL SA SPONSORED ADS 279158109 251 7,000 SH   SOLE   7,000 0 0
Edison International COM 281020107 29,520 508,700 SH   SOLE   508,700 0 0
ENTERGY CORP COM 29364G103 3,902 47,630 SH   SOLE   47,630 0 0
EQUITY RESI. SBI SH BEN INT 29476L107 22,084 351,037 SH   SOLE   351,037 0 0
EXELON CORP. COM 30161N101 5,601 152,619 SH   SOLE   152,619 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 3,133 45,141 SH   SOLE   45,141 0 0
EXXON MOBIL CORP COM 30231G102 12,241 121,308 SH   SOLE   121,308 0 0
FEDEX CORP COM 31428X106 24,863 164,588 SH   SOLE   164,588 0 0
FIFTH THIRD BANCORP COM 316773100 5,058 236,676 SH   SOLE   236,676 0 0
FIRST SOLAR INC COM 336433107 2,813 39,244 SH   SOLE   39,244 0 0
Ford Motor COM PAR 345370860 5,161 297,972 SH   SOLE   297,972 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,094 704,673 SH   SOLE   704,673 0 0
GAMESTOP CORP CL A 36467W109 5,279 130,701 SH   SOLE   130,701 0 0
GAP INC. COM 364760108 4,950 118,963 SH   SOLE   118,963 0 0
Genl El. Co. COM 369604103 6,727 255,479 SH   SOLE   255,479 0 0
GENERAL MOTORS COM 37045V100 17,563 477,515 SH   SOLE   477,515 0 0
GOOGLE INC CL A 38259P706 39,435 68,327 SH   SOLE   68,327 0 0
GRAHAM HOLDINGS CO COM 384637104 4,432 6,187 SH   SOLE   6,187 0 0
HALLIBURTON CO COM 406216101 4,373 61,648 SH   SOLE   61,648 0 0
HELMERICH & PAYNE COM 423452101 3,730 32,245 SH   SOLE   32,245 0 0
HERSHEY CO/THE COM 427866108 68 700 SH   SOLE   700 0 0
HEWLETT-PACKARD CO COM 428236103 22,352 660,910 SH   SOLE   660,910 0 0
Honeywell Intl COM 438516106 2,497 26,866 SH   SOLE   26,866 0 0
HOST HOTELS+RESOR COM 44107P104 9,332 423,617 SH   SOLE   423,617 0 0
HUMANA INC COM 444859102 4,381 34,208 SH   SOLE   34,208 0 0
INTEL CORP COM 458140100 47,412 1,535,873 SH   SOLE   1,535,873 0 0
INTL BUSINESS MACHINES CORP COM 459200101 272 1,500 SH   SOLE   1,500 0 0
ITAU UNIBANCO HLDNG SPON ADR REP PFD 465562106 551 38,478 SH   SOLE   38,478 0 0
JABIL CIRCUIT INC COM 466313103 11,274 537,392 SH   SOLE   537,392 0 0
JOHNSON & JOHNSON COM 478160104 52,907 504,890 SH   SOLE   504,890 0 0
JOHNSON CONTROLS INC COM 478366107 249 5,000 SH   SOLE   5,000 0 0
KOHLS CORP COM 500255104 6,871 129,706 SH   SOLE   129,706 0 0
KEYCORP COM 493267108 10,983 766,456 SH   SOLE   766,456 0 0
KRAFT FOODS GROUP INC COM 50076Q106 200 3,333 SH   SOLE   3,333 0 0
KROGER CO COM 501044101 14,695 296,384 SH   SOLE   296,384 0 0
L-3 COMMUNICTNS HLDGS COM 502424104 9,687 80,190 SH   SOLE   80,190 0 0
ELI LILLY & CO COM 532457108 19,547 313,352 SH   SOLE   313,352 0 0
MACY'S INC COM 55616P104 2,473 42,447 SH   SOLE   42,447 0 0
MARATHON OIL CORP COM 565849106 35,754 655,971 SH   SOLE   655,971 0 0
MCDONALD'S CORP COM 580135101 4,836 48,047 SH   SOLE   48,047 0 0
MCGRAW HILL FINL INC COM 580645109 23,925 287,771 SH   SOLE   287,771 0 0
MEADWESTVACO CORP COM 583334107 378 8,500 SH   SOLE   8,500 0 0
MEDTRONIC INC COM 585055106 14,611 228,900 SH   SOLE   228,900 0 0
MERCK & CO. INC. COM 58933Y105 29,850 515,003 SH   SOLE   515,003 0 0
MICROSOFT CORP COM 594918104 52,683 1,256,764 SH   SOLE   1,256,764 0 0
MOBILE TELESYSTEMS SPONSORED ADR 607409109 315 16,000 SH   SOLE   16,000 0 0
MONDELEZ INTERNATIONAL INC CL A 609207105 16,886 446,953 SH   SOLE   446,953 0 0
MOODY'S CORP COM 615369105 18,988 216,609 SH   SOLE   216,609 0 0
MORGAN STANLEY COM NEW 617446448 612 19,000 SH   SOLE   19,000 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 228 3,428 SH   SOLE   3,428 0 0
NETAPP INC. COM 64110D104 12,397 339,632 SH   SOLE   339,632 0 0
NEWFIELD EXPLORATION CO COM 651290108 22,288 504,472 SH   SOLE   504,472 0 0
NEWMONT MINING CORP COM 651639106 8,991 355,535 SH   SOLE   355,535 0 0
NEWS CORP CL A 65249B109 3,844 212,981 SH   SOLE   212,981 0 0
NIKE INC CL B 654106103 418 5,400 SH   SOLE   5,400 0 0
NORTHEAST UTILITIES COM 664397106 3,939 71,999 SH   SOLE   71,999 0 0
NORTHROP GRUMMAN COM 666807102 10,296 85,961 SH   SOLE   85,961 0 0
NVIDIA CORP COM 67066G104 4,730 255,277 SH   SOLE   255,277 0 0
OCCIDENTAL PET. CORP COM 674599105 10,493 102,358 SH   SOLE   102,358 0 0
OWENS CORNING COM 690742101 97 2,500 SH   SOLE   2,500 0 0
P G & E CORP COM 69331C108 26,617 555,754 SH   SOLE   555,754 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 22,906 257,167 SH   SOLE   257,167 0 0
PEPSICO INC COM 713448108 12,574 140,733 SH   SOLE   140,733 0 0
PETROLEO BRASILEIRO SP ADR NON VTG 71654V101 461 29,800 SH   SOLE   29,800 0 0
PFIZER INC COM 717081103 39,029 1,314,545 SH   SOLE   1,314,545 0 0
PINNACLE WEST CAPITAL COM 723484101 9,720 168,700 SH   SOLE   168,700 0 0
PRAXAIR INC. COM 74005P104 2,717 20,503 SH   SOLE   20,503 0 0
PROCTER & GAMBLE CO/THE COM 742718109 18,946 240,157 SH   SOLE   240,157 0 0
QUALCOMM INC COM 747525103 7,940 100,024 SH   SOLE   100,024 0 0
QUEST DIAGNOSTICS INC COM 74834L100 117 2,000 SH   SOLE   2,000 0 0
Raytheon Co. COM NEW 755111507 3,144 33,992 SH   SOLE   33,992 0 0
REPUBLIC SERVICES INC COM 760759100 9,554 252,224 SH   SOLE   252,224 0 0
REYNOLDS AMERICAN INC. COM 761713106 4,449 73,578 SH   SOLE   73,578 0 0
ROPER INDUSTRIES INC COM 776696106 12,707 87,000 SH   SOLE   87,000 0 0
RYDER SYSTEM INC COM 783549108 12,602 142,697 SH   SOLE   142,697 0 0
SEMPRA ENERGY COM 816851109 84 800 SH   SOLE   800 0 0
SIMON PROPERTY GRP COM 828806109 29,818 179,467 SH   SOLE   179,467 0 0
SOUTHERN CO/THE COM 842587107 5,250 115,949 SH   SOLE   115,949 0 0
SOUTHWEST AIRLINES CO COM 844741108 15,125 556,493 SH   SOLE   556,493 0 0
STAPLES INC COM 855030102 11,488 1,060,837 SH   SOLE   1,060,837 0 0
STARBUCKS CORP COM 855244109 310 4,000 SH   SOLE   4,000 0 0
STATE STREET CORP COM 857477103 375 5,600 SH   SOLE   5,600 0 0
SYMANTEC CORP COM 871503108 11,026 481,078 SH   SOLE   481,078 0 0
TJX COS INC. COM 872540109 3,937 74,262 SH   SOLE   74,262 0 0
TERADYNE INC COM 880770102 359 18,470 SH   SOLE   18,470 0 0
3M CO COM 88579Y101 9,641 67,216 SH   SOLE   67,216 0 0
TIME INC. COM 887228104 1,637 67,392 SH   SOLE   67,392 0 0
TIME WARNER INC COM NEW 887317303 37,794 539,138 SH   SOLE   539,138 0 0
TYSON FOODS INC CL A 902494103 5,398 145,604 SH   SOLE   145,604 0 0
UNION PACIFIC CORP COM 907818108 13,049 130,038 SH   SOLE   130,038 0 0
UNITED PARCEL SERVICE CL B 911312106 175 1,700 SH   SOLE   1,700 0 0
UNITED TECHNOLOGIES CORP COM 913017109 6,087 52,626 SH   SOLE   52,626 0 0
UNITEDHEALTH GROUP INC COM 91324P102 19,656 240,149 SH   SOLE   240,149 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 33,000 674,609 SH   SOLE   674,609 0 0
VIACOM INC CL B 92553P201 27,093 311,554 SH   SOLE   311,554 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 20,677 97,995 SH   SOLE   97,995 0 0
WAL-MART STORES INC COM 931142103 25,057 333,421 SH   SOLE   333,421 0 0
WASHINGTON PRIME GRP COM 939647103 1,672 89,733 SH   SOLE   89,733 0 0
WASTE MANAGEMENT INC COM 94106L109 335 7,500 SH   SOLE   7,500 0 0
WELLPOINT INC. COM 94973V107 17,116 158,478 SH   SOLE   158,478 0 0
WELLS FARGO & CO COM 949746101 51,367 979,717 SH   SOLE   979,717 0 0
WESTERN DIGITAL CORP COM 958102105 10,755 116,421 SH   SOLE   116,421 0 0
WEYERHAEUSER CO COM 962166104 265 8,000 SH   SOLE   8,000 0 0
XCEL ENERGY INC COM 98389B100 2,564 79,772 SH   SOLE   79,772 0 0
XEROX CORP COM 984121103 9,003 721,978 SH   SOLE   721,978 0 0