13F-HR 1 agf13f3312013.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: AGF Investments Inc. Address: Toronto-Dominion Bank Tower, 31st Floor Toronto, Ontario, Canada M5K 1E9 Form 13F File Number: 028-10049 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jacqueline Sanz Title: Chief Privacy Officer, Vice President, Corporate Compliance and Oversight Phone: 416-367-1900 Signature, Place and Date of Signing: /s/ Jacqueline Sanz Toronto, Canada April 17, 2013 ------------------- --------------- -------------- (Signature) (City, State) (Date) Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 382 Form 13F Information Table Value Total: US$ 8,751,792 (thousands) List of Other Included Managers: None
TITLE OR MARKET VALUE SHARES OR INVESTMENT VOTING AUTHORITY SECURITY NAME CLASS CUSIP X1000 USD PRN AMT DISCRETION SOLE ------------- ------- --------- ----------- ---------- ---------- ---------------- 8x8 Inc. COM 282914100 878 128,170 SOLE 128,170 ACE Limited COM H0023R105 72,936 819,663 SOLE 819,663 AGCO Corporation COM 001084102 26,214 502,889 SOLE 502,889 ANSYS Inc. COM 03662Q105 1,077 13,221 SOLE 13,221 ARM Holdings PLC ADR ADR 042068106 23,411 552,476 SOLE 552,476 AT&T Inc. COM 00206R102 61,842 1,685,222 SOLE 1,685,222 Advantage Oil and Gas Limited COM 00765F101 8,791 2,375,827 SOLE 2,375,827 Agnico-Eagle Mines Limited COM 008474108 36,571 891,851 SOLE 891,851 Agrium Inc. COM 008916108 34,128 350,066 SOLE 350,066 Alamos Gold Inc. COM 011527108 13,659 995,008 SOLE 995,008 Alaska Air Group Inc. COM 011659109 1,332 20,826 SOLE 20,826 Alderon Iron Ore Corporation COM 01434T100 435 332,500 SOLE 332,500 Allergan Inc. COM 018490102 48,537 434,762 SOLE 434,762 Alliance Data Systems Corporation COM 018581108 29,056 179,450 SOLE 179,450 Allied Nevada Gold Corporation COM 019344100 8,935 545,360 SOLE 545,360 Altria Group Inc. COM 02209S103 51,324 1,492,117 SOLE 1,492,117 AmTrust Financial Services Inc. COM 032359309 29,133 840,640 SOLE 840,640 Amazon.com Inc. COM 023135106 29,316 109,996 SOLE 109,996 America Movil SAB de CV 'L' ADR ADR 02364W105 59,310 2,829,540 SOLE 2,829,540 American Vanguard Corporation COM 030371108 983 32,169 SOLE 32,169 American Water Works Company Inc. COM 030420103 19,987 482,251 SOLE 482,251 Ameriprise Financial Inc. COM 03076C106 72,520 984,522 SOLE 984,522 AngloGold Ashanti Limited ADR ADR 035128206 2,289 97,175 SOLE 97,175 Apache Corporation COM 037411105 4,651 60,272 SOLE 60,272 Apple Inc. COM 037833100 66,536 150,304 SOLE 150,304 Aruba Networks Inc. COM 043176106 1,599 64,618 SOLE 64,618 Atlantic Power Corporation COM 04878Q863 1,163 236,300 SOLE 236,300 Atwood Oceanics Inc. COM 050095108 2,165 41,200 SOLE 41,200 AuRico Gold Inc COM 05155C105 5,773 916,600 SOLE 916,600 Augusta Resource Corporation COM 050912203 3,273 1,274,506 SOLE 1,274,506 AvalonBay Communities Inc. REIT 053484101 1,352 10,671 SOLE 10,671 Avis Budget Group Inc. COM 053774105 1,743 62,624 SOLE 62,624 Avon Products Inc. COM 054303102 25 1,200 SOLE 1,200 Axiall Corporation COM 05463D100 2,911 46,817 SOLE 46,817 BCE Inc. COM 05534B760 9,118 195,225 SOLE 195,225 Baidu Inc. ADR ADR 056752108 3,917 44,660 SOLE 4,466 Baker Hughes Inc. COM 057224107 1,629 35,100 SOLE 35,100 Bank of America Corporation COM 060505104 20,563 1,687,915 SOLE 1,687,915 Bank of Montreal COM 063671101 14,157 225,000 SOLE 225,000 Bank of Nova Scotia COM 064149107 185,412 3,187,550 SOLE 3,187,550 BankUnited Inc. COM 06652K103 9,915 386,970 SOLE 386,970 Barrick Gold Corporation COM 067901108 38,376 1,306,519 SOLE 1,306,519 Baytex Energy Corp COM 07317Q105 6,166 147,200 SOLE 147,200 Beacon Roofing Supply Inc. COM 073685109 1,309 33,844 SOLE 33,844 Beam Inc. COM 073730103 2,230 35,090 SOLE 35,090 Bellatrix Exploration Limited COM 078314101 3,611 561,100 SOLE 561,100 Berry Plastics Group Inc. COM 08579W103 1,308 68,625 SOLE 68,625 Bio Reference Laboratories Inc COM 09057G602 21 800 SOLE 800 BioMarin Pharmaceutical Inc. COM 09061G101 4,198 67,413 SOLE 67,413 Bloomin' Brands Inc. COM 094235108 1,813 101,435 SOLE 101,435 Bonanza Creek Energy Inc. COM 097793103 8,630 223,139 SOLE 223,139 Boston Properties Inc. REIT 101121101 3,362 33,258 SOLE 33,258 Bristol-Myers Squibb Company COM 110122108 28,903 701,577 SOLE 701,577 Brookfield Asset Management Inc. 'A' COM 112585104 98,204 2,689,888 SOLE 2,689,888 Brookfield Office Properties Inc. COM 112900105 35,779 2,084,601 SOLE 2,084,601 Brookfield Residential Properties Inc. COM 11283W104 7 276 SOLE 276 Brown-Forman Corporation 'B' COM 115637209 1,891 26,482 SOLE 0 Brunswick Corporation COM 117043109 898 26,235 SOLE 26,235 Burcon NutraScience Corporation COM 120831102 1,090 363,167 SOLE 363,167 CAE Inc. COM 124765108 2,582 264,200 SOLE 264,200 CF Industries Holdings Inc. COM 125269100 54,223 284,800 SOLE 284,800 CGI Group Inc. 'A' COM 39945C109 109,082 4,014,809 SOLE 4,014,809 CVS Caremark Corporation COM 126650100 19,503 354,588 SOLE 354,588 Cameco Corporation COM 13321L108 76,603 3,692,777 SOLE 3,692,777 Canadian Imperial Bank of Commerce COM 136069101 145,260 1,852,571 SOLE 1,852,571 Canadian National Railway Co. COM 136375102 31,011 308,655 SOLE 308,655 Canadian Natural Resources Ltd. COM 136385101 173,648 5,417,904 SOLE 5,417,904 Catamaran Corporation COM 148887102 82,496 1,557,267 SOLE 1,557,267 Cavium Inc. COM 14964U108 1,763 45,414 SOLE 45,414 Celgene Corporation COM 151020104 62,951 543,048 SOLE 543,048 Cenovus Energy Inc. COM 15135U109 162,356 5,244,309 SOLE 5,244,309 Central Fund of Canada Limited - A MFC 153501101 37,613 1,941,864 SOLE 779,477 Central Gold Trust MFC 153546106 1,801 30,300 SOLE 0 CenturyLink Inc. COM 156700106 11,792 335,600 SOLE 335,600 Cerner Corporation COM 156782104 20,647 217,884 SOLE 217,884 Chevron Corporation COM 166764100 1,310 11,026 SOLE 11,026 Church & Dwight Company Inc. COM 171340102 44,659 690,887 SOLE 690,887 Ciena Corporation COM 171779309 2,764 172,600 SOLE 172,600 Cirrus Logic Inc. COM 172755100 10,102 444,000 SOLE 444,000 Claude Resources Inc. COM 182873109 162 349,500 SOLE 349,500 CoStar Group Inc. COM 22160N109 1,235 11,280 SOLE 11,280 Coach Inc. COM 189754104 11,504 230,100 SOLE 230,100 Cognex Corporation COM 192422103 841 19,939 SOLE 19,939 CommVault Systems Inc. COM 204166102 1,829 22,303 SOLE 22,303 Concho Resources Inc. COM 20605P101 35,765 367,046 SOLE 367,046 Conn's Inc. COM 208242107 2,821 78,554 SOLE 78,554 ConocoPhillips COM 20825C104 32,142 534,704 SOLE 534,704 Continental Resources Inc. COM 212015101 7,088 81,525 SOLE 81,525 Copa Holdings SA 'A' COM P31076105 36 300 SOLE 0 Core Laboratories NV COM N22717107 29,575 214,415 SOLE 214,415 Cornerstone Ondemand Inc. COM 21925Y103 2,027 59,422 SOLE 59,422 Corning Inc. COM 219350105 15,060 1,129,632 SOLE 1,129,632 Costco Wholesale Corporation COM 22160K105 43,554 410,421 SOLE 410,421 Cott Corporation COM 22163N106 24 2,400 SOLE 2,400 Covidien PLC COM G2554F113 337 4,970 SOLE 4,970 Credicorp Limited COM G2519Y108 117,087 705,102 SOLE 705,102 Cyberonics Inc. COM 23251P102 1,227 26,197 SOLE 26,197 D.R. Horton Inc. COM 23331A109 12,203 502,100 SOLE 502,100 DSW Inc. 'A' COM 23334L102 2,361 37,001 SOLE 37,001 DaVita HealthCare Partners Inc. COM 23918K108 22,822 192,405 SOLE 192,405 Darden Restaurants Inc. COM 237194105 49,743 962,375 SOLE 962,375 Devon Energy Corporation COM 25179M103 5,906 104,669 SOLE 104,669 Discovery Communications Inc. 'A' COM 25470F104 22,650 287,625 SOLE 287,625 Duke Energy Corporation COM 26441C204 46 633 SOLE 633 EMC Corporation COM 268648102 54,472 2,279,813 SOLE 2,279,813 EOG Resources Inc. COM 26875P101 26 200 SOLE 200 Eagle Materials Inc. COM 26969P108 699 10,488 SOLE 10,488 Ecolab Inc. COM 278865100 27,745 346,000 SOLE 346,000 Eldorado Gold Corporation COM 284902103 94,829 9,924,291 SOLE 9,924,291 Ellie Mae Inc COM 28849P100 3,020 125,565 SOLE 125,565 Enbridge Inc. COM 29250N105 107,986 2,319,991 SOLE 2,319,991 Encana Corporation COM 292505104 95,148 4,893,172 SOLE 4,893,172 Endeavour Silver Corporation COM 29258Y103 6,916 1,110,237 SOLE 1,110,237 Endologix Inc. COM 29266S106 1,402 86,802 SOLE 86,802 Enerplus Corp COM 292766102 16,818 1,151,657 SOLE 1,151,657 Enersis SA ADR ADR 29274F104 89 4,614 SOLE 4,614 Equinix Inc. COM 29444U502 2,908 13,440 SOLE 13,440 Equity Residential REIT 29476L107 2,490 45,208 SOLE 45,208 Express Scripts Holding Co COM 30219G108 14,772 256,184 SOLE 256,184 Exxon Mobil Corporation COM 30231G102 43,483 482,501 SOLE 482,501 FMC Technologies Inc. COM 30249U101 2,296 42,214 SOLE 42,214 Fiesta Restaurant Group Inc. COM 31660B101 2,121 79,825 SOLE 79,825 FirstEnergy Corporation COM 337932107 9,421 223,200 SOLE 223,200 FirstService Corporation COM 33761N109 15,546 466,412 SOLE 466,412 Flotek Industries Inc. COM 343389102 1,739 106,337 SOLE 106,337 Fomento Economico Mexicano SAB de CV ADR ADR 344419106 43,660 384,644 SOLE 384,644 Ford Motor Company COM 345370860 20 1,498 SOLE 1,498 Forestar Group Inc. COM 346233109 9,285 424,677 SOLE 424,677 Fortuna Silver Mines Inc. COM 349915108 5,041 1,169,500 SOLE 1,169,500 Franco-Nevada Corporation COM 351858105 68,930 1,510,609 SOLE 1,510,609 Freeport-McMoRan Copper & Gold Inc. COM 35671D857 19,401 586,043 SOLE 586,043 Freescale Semiconductor Holdings I Limited COM G3727Q101 15 1,000 SOLE 1,000 Frontier Communications Corporation COM 35906A108 11,151 2,801,309 SOLE 2,801,309 GNC Acquisition Holdings Inc. COM 36191G107 2,727 69,408 SOLE 69,408 General Electric Company COM 369604103 15,089 652,500 SOLE 652,500 Genesee & Wyoming Inc. 'A' COM 371559105 3,995 42,900 SOLE 42,900 GeoGlobal Resources Inc. COM 37249T109 3 101,900 SOLE 101,900 Gildan Activewear Inc. COM 375916103 32,009 802,550 SOLE 802,550 GlaxoSmithKline PLC ADR ADR 37733W105 12,006 255,900 SOLE 255,900 Global X Norway 30 ETF ETF 37950E747 9,182 597,800 SOLE 597,800 Goldcorp Inc. COM 380956409 165,840 4,930,597 SOLE 4,930,597 Gran Tierra Energy Inc. COM 38500T101 5,277 904,341 SOLE 904,341 Granite Real Estate Investment Trust REIT 387437114 31,852 832,929 SOLE 832,929 Greif Inc. 'A' COM 397624107 2,702 50,375 SOLE 0 Guggenheim S&P Global Dividend Opportunities Index ETF ETF 18383M860 1,602 118,300 SOLE 118,300 Guidewire Software Inc. COM 40171V100 2,542 66,119 SOLE 66,119 Halliburton Company COM 406216101 5,496 135,992 SOLE 135,992 HealthStream Inc. COM 42222N103 1,275 55,566 SOLE 55,566 Healthcare Services Group Inc. COM 421906108 2,053 80,078 SOLE 80,078 Helmerich & Payne Inc. COM 423452101 245 4,028 SOLE 4,028 Henry Schein Inc. COM 806407102 23,270 251,400 SOLE 251,400 Herbalife Limited COM G4412G101 21,257 567,509 SOLE 567,509 HollyFrontier Corporation COM 436106108 34 662 SOLE 662 Honeywell International Inc. COM 438516106 67,987 902,149 SOLE 902,149 Hornbeck Offshore Services Inc. COM 440543106 1,773 38,159 SOLE 38,159 HudBay Minerals Inc. COM 443628102 8,803 915,610 SOLE 915,610 Huntington Ingalls Industries Inc. COM 446413106 4,541 85,142 SOLE 85,142 IAMGOLD Corporation COM 450913108 66,874 9,271,077 SOLE 9,271,077 IHS Inc. 'A' COM 451734107 14,810 141,412 SOLE 141,412 IMRIS Inc. COM 45322N105 3,451 1,030,701 SOLE 1,030,701 IPG Photonics Corporation COM 44980X109 1,837 27,656 SOLE 27,656 Imperial Oil Limited COM 453038408 21,476 525,622 SOLE 525,622 Imperva Inc. COM 45321L100 864 22,449 SOLE 22,449 Infinity Pharmaceuticals Inc. COM 45665G303 2,309 47,620 SOLE 47,620 Intel Corporation COM 458140100 60,876 2,785,625 SOLE 2,785,625 Interactive Intelligence Inc. COM 45841V109 1,610 36,303 SOLE 36,303 International Business Machines Corporation COM 459200101 97,615 457,576 SOLE 457,576 Interxion Holding NV COM N47279109 1,969 81,279 SOLE 81,279 Intuitive Surgical Inc. COM 46120E602 3,101 6,312 SOLE 6,312 Invesco Limited COM G491BT108 23,993 828,381 SOLE 828,381 Ishares Iboxx $High Yield Corporate Bond Fund ETF 464288513 7 76 SOLE 76 Ishares MSCI Italy Capped Index Fund ETF 464286855 26,602 2,254,077 SOLE 2,254,077 Ishares MSCI Mexico Capped Investable Market Index Fund ETF 464286822 37 500 SOLE 500 JPMorgan Chase & Co COM 46625H100 71,381 1,503,787 SOLE 1,503,787 Jazz Pharmaceuticals PLC COM G50871105 1,812 32,397 SOLE 32,397 Just Energy Group Inc. COM 48213W101 194 29,600 SOLE 29,600 KB Financial Group Inc. ADR ADR 48241A105 4,372 132,303 SOLE 132,303 KB Home COM 48666K109 4,405 202,300 SOLE 202,300 KT Corporation ADR ADR 48268K101 4,563 290,420 SOLE 290,420 Kansas City Southern Corporation COM 485170302 57,954 522,529 SOLE 522,529 Kinder Morgan Energy Partners Limited Partnership COM 494550106 12,687 141,302 SOLE 141,302 Kinder Morgan Inc. COM 49456B101 57,618 1,489,375 SOLE 1,489,375 Kinross Gold Corporation COM 496902404 3,661 462,748 SOLE 462,748 Kraft Foods Group Inc. COM 50076Q106 15,479 300,352 SOLE 300,352 LKQ Corporation COM 501889208 4,001 183,851 SOLE 183,851 La-Z-Boy Inc. COM 505336107 2,812 149,000 SOLE 149,000 Lake Shore Gold Corporation COM 510728108 7 12,000 SOLE 12,000 Level 3 Communications Inc. COM 52729N308 37 1,800 SOLE 1,800 Lincoln National Corporation COM 534187109 16,226 497,498 SOLE 497,498 Lindsay Corporation COM 535555106 968 10,976 SOLE 10,976 LinkedIn Corporation 'A' COM 53578A108 30,127 171,099 SOLE 171,099 Lorillard Inc. COM 544147101 38,478 953,450 SOLE 953,450 Lululemon Athletica Inc. COM 550021109 28,868 462,949 SOLE 462,949 Lumber Liquidators Holdings Inc. COM 55003T107 3,076 43,798 SOLE 43,798 M.D.C. Holdings, Inc. COM 552676108 10,699 291,900 SOLE 291,900 MAG Silver Corporation COM 55903Q104 3,519 370,978 SOLE 370,978 Magna International Inc. COM 559222401 46,856 797,447 SOLE 797,447 Manulife Financial Corporation COM 56501R106 70,912 4,816,887 SOLE 4,816,887 Market Vectors Emerging Markets Local Currency Bond Etf ETF 57060U522 11 401 SOLE 401 Mattel Inc. COM 577081102 2,234 50,999 SOLE 50,999 McKesson Corporation COM 58155Q103 36,980 342,500 SOLE 342,500 Mednax Inc. COM 58502B106 2,887 32,200 SOLE 32,200 Merck & Company Inc. COM 58933Y105 44,091 996,700 SOLE 996,700 MetLife Inc. COM 59156R108 18,433 484,751 SOLE 484,751 Methanex Corporation COM 59151K108 2,574 63,200 SOLE 63,200 Michael Kors Holdings Limited COM G60754101 42,409 746,687 SOLE 746,687 Molex Inc. COM 608554101 37,348 1,275,350 SOLE 1,275,350 Molycorp Inc. COM 608753109 6,477 1,245,383 SOLE 1,245,383 Mondelez International Inc COM 609207105 27,576 900,739 SOLE 900,739 Monsanto Company COM 61166W101 75,477 714,474 SOLE 714,474 Moody's Corporation COM 615369105 41,981 787,250 SOLE 787,250 Mountain Province Diamonds Inc. COM 62426E402 2,394 552,972 SOLE 552,972 Movado Group Inc. COM 624580106 2,106 62,805 SOLE 62,805 Multimedia Games Inc. COM 625453105 2,330 111,616 SOLE 111,616 National Retail Properties Inc. REIT 637417106 14,619 404,095 SOLE 404,095 Nationstar Mortgage Holdings Inc. COM 63861C109 6,955 188,462 SOLE 188,462 NeuStar Inc. 'A' COM 64126X201 42,330 909,651 SOLE 909,651 New Gold Inc. COM 644535106 7,809 858,823 SOLE 858,823 Newmont Mining Corporation COM 651639106 29,090 694,343 SOLE 694,343 Noble Corporation COM H5833N103 5,570 146,000 SOLE 146,000 Norfolk Southern Corporation COM 655844108 44,701 579,850 SOLE 579,850 North American Palladium Limited COM 656912102 2,827 1,981,600 SOLE 1,981,600 Northrop Grumman Corporation COM 666807102 26,391 376,156 SOLE 376,156 Novartis AG ADR ADR 66987V109 20 280 SOLE 280 Nu Skin Enterprises Inc. 'A' COM 67018T105 10,052 227,400 SOLE 227,400 Oasis Petroleum Inc. COM 674215108 1,386 36,401 SOLE 36,401 Occidental Petroleum Corporation COM 674599105 14,649 186,888 SOLE 186,888 Ocwen Financial Corporation COM 675746309 20,343 536,393 SOLE 536,393 Old Republic International Corporation COM 680223104 11,369 894,285 SOLE 894,285 Omnicom Group Inc. COM 681919106 30,935 525,140 SOLE 525,140 On Assignment Inc. COM 682159108 1,389 54,861 SOLE 54,861 Oncolytics Biotech Inc. COM 682310107 4,783 1,542,933 SOLE 1,542,933 Open Text Corporation COM 683715106 50,080 847,788 SOLE 847,788 Oracle Corporation COM 68389X105 21 650 SOLE 650 Oxford Industries Inc. COM 691497309 2,112 39,759 SOLE 39,759 Palo Alto Networks Inc. COM 697435105 2,260 39,925 SOLE 39,925 Peabody Energy Corp. COM 704549104 5,211 246,341 SOLE 246,341 Pembina Pipeline Corporation COM 706327103 19,606 620,680 SOLE 620,680 Pengrowth Energy Corp COM 70706P104 8,047 1,578,639 SOLE 1,578,639 Perrigo Company COM 714290103 36,714 309,193 SOLE 309,193 Petroleo Brasileiro SA ADR 71654V408 6,421 387,445 SOLE 387,445 Pharmacyclics Inc. COM 716933106 1,205 14,983 SOLE 14,983 Philip Morris International Inc. COM 718172109 106,159 1,144,864 SOLE 1,144,864 Phillips 66 COM 718546104 56,199 803,052 SOLE 803,052 Pioneer Natural Resources Company COM 723787107 45,652 367,384 SOLE 367,384 Polaris Industries Inc. COM 731068102 2,282 24,668 SOLE 24,668 Polyone Corporation COM 73179P106 2,865 117,361 SOLE 117,361 Potash Corp. of Saskatchewan Inc. COM 73755L107 61,913 1,576,840 SOLE 1,576,840 Precision Castparts Corporation COM 740189105 34,447 181,645 SOLE 181,645 Precision Drilling Corporation COM 74022D308 48,019 5,196,672 SOLE 5,196,672 Primerica Inc. COM 74164M108 23,836 727,090 SOLE 727,090 Primero Mining Corporation COM 74164W106 746 111,800 SOLE 111,800 Public Storage Inc. REIT 74460D109 786 5,158 SOLE 5,158 QUALCOMM Inc. COM 747525103 128,163 1,914,011 SOLE 1,914,011 Quality Systems Inc. COM 747582104 9 512 SOLE 512 Quaterra Resources Inc. COM 747952109 258 1,250,500 SOLE 1,250,500 Randgold Resources Limited ADR ADR 752344309 140,999 1,639,811 SOLE 1,639,811 Raymond James Financial Inc. COM 754730109 2,651 57,500 SOLE 57,500 Research In Motion Limited COM 760975102 633 42,650 SOLE 42,650 Reynolds American Inc. COM 761713106 11,347 255,000 SOLE 255,000 Rio Alto Mining Limited COM 76689T104 2,662 579,200 SOLE 579,200 Ritchie Bros. Auctioneers Inc. COM 767744105 618 28,389 SOLE 28,389 Robert Half International Inc. COM 770323103 14,860 395,900 SOLE 395,900 Rock-Tenn Company 'A' COM 772739207 2,432 26,205 SOLE 26,205 Rogers Communications Inc. 'B' COM 775109200 126,630 2,479,889 SOLE 0 Ross Stores Inc. COM 778296103 44,275 730,250 SOLE 730,250 Royal Bank of Canada COM 780087102 194,769 3,234,060 SOLE 3,234,060 Royal Dutch Shell PLC 'A' ADR ADR 780259206 2,244 34,441 SOLE 34,441 Royal Gold Inc. COM 780287108 59,545 838,175 SOLE 838,175 Ruckus Wireless Inc. COM 781220108 827 39,363 SOLE 39,363 SAP AG ADR ADR 803054204 32 400 SOLE 0 SPDR Gold Trust ETF 78463V107 31 200 SOLE 200 SPDR S&P Homebuilders ETF ETF 78464A888 24 800 SOLE 800 Sandstorm Gold Limited COM 80013R206 1,478 156,100 SOLE 156,100 Schlumberger Limited COM 806857108 4,404 58,800 SOLE 58,800 SemGroup Corporation Class 'A' COM 81663A105 2,854 55,166 SOLE 55,166 Shaw Communications Inc. 'B' COM 82028K200 12,573 507,825 SOLE 0 Silver Wheaton Corporation COM 828336107 23,801 760,590 SOLE 760,590 SilverCrest Mines Inc. COM 828365106 9,829 4,250,242 SOLE 4,250,242 Simon Property Group Inc. REIT 828806109 4,027 25,395 SOLE 25,395 SkyWest Inc. COM 830879102 3,063 190,800 SOLE 190,800 Solarwinds Inc. COM 83416B109 3,435 58,109 SOLE 58,109 Solitario Exploration & Royalty Corporation COM 8342EP107 1,225 798,001 SOLE 798,001 Southern Copper Corporation COM 84265V105 4,255 113,259 SOLE 113,259 Southwestern Energy Company COM 845467109 3,442 92,360 SOLE 92,360 Splunk Inc. COM 848637104 2,499 62,428 SOLE 62,428 Stantec Inc. COM 85472N109 18,745 425,093 SOLE 425,093 Staples Inc. COM 855030102 5,267 392,125 SOLE 392,125 Stillwater Mining Company COM 86074Q102 8,762 677,540 SOLE 677,540 Stratasys Ltd. COM M85548101 4,335 58,390 SOLE 58,390 Sun Life Financial Inc. COM 866796105 51,991 1,905,950 SOLE 1,905,950 SunOpta Inc. COM 8676EP108 11,990 1,664,955 SOLE 1,664,955 Suncor Energy Inc. COM 867224107 198,854 6,638,480 SOLE 6,638,480 Swisher Hygiene Inc. COM 870808102 1,560 1,229,200 SOLE 1,229,200 Syngenta AG - ADR ADR 87160A100 469 5,600 SOLE 5,600 T.Rowe Price Group Inc. COM 74144T108 33,773 451,048 SOLE 451,048 TELUS Corp. COM 87971M103 46,492 673,392 SOLE 673,392 TOTAL SA ADR ADR 89151E109 3,195 66,588 SOLE 66,588 Tahoe Resources Inc. COM 873868103 84,405 4,799,825 SOLE 4,799,825 Taiwan Semiconductor Manufacturing Company Limited ADR ADR 874039100 4,486 260,985 SOLE 260,985 Talisman Energy Inc. COM 87425E103 35,411 2,897,293 SOLE 2,897,293 Target Corporation COM 87612E106 21,544 314,700 SOLE 314,700 Team Inc. COM 878155100 921 22,431 SOLE 22,431 Teck Resources Limited 'B' COM 878742204 45,863 1,629,590 SOLE 1,629,590 Tenaris SA ADR ADR 88031M109 97,838 2,399,052 SOLE 2,399,052 Teradata Corporation COM 88076W103 30,471 520,733 SOLE 520,733 Teva Pharmaceutical Industries Limited ADR ADR 881624209 60,860 1,533,553 SOLE 1,533,553 Texas Industries Inc. COM 882491103 2,217 35,117 SOLE 35,117 Texas Instruments Inc. COM 882508104 37,298 1,051,075 SOLE 1,051,075 The Allstate Corporation COM 020002101 17,153 349,500 SOLE 349,500 The Boeing Company COM 097023105 77,025 897,117 SOLE 897,117 The Cash Store Financial Services Inc. COM 14756F103 231 90,900 SOLE 90,900 The Cooper Companies Inc. COM 216648402 30 275 SOLE 275 The Descartes Systems Group Inc. COM 249906108 500 53,400 SOLE 53,400 The Dun & Bradstreet Corporation COM 26483E100 24,115 288,247 SOLE 288,247 The Estee Lauder Companies Inc. 'A' COM 518439104 32 500 SOLE 500 The ExOne Company COM 302104104 1,663 49,646 SOLE 49,646 The Hartford Financial Services Group Inc. COM 416515104 13,580 526,254 SOLE 526,254 The Hershey Company COM 427866108 1,914 21,867 SOLE 21,867 The J.M. Smucker Company COM 832696405 37 370 SOLE 370 The Procter & Gamble Company COM 742718109 26,357 342,000 SOLE 342,000 The Williams Companies Inc. COM 969457100 88,712 2,367,862 SOLE 2,367,862 Thomson Reuters Corporation COM 884903105 25,091 773,600 SOLE 773,600 Tim Hortons Inc. COM 88706M103 36,130 665,006 SOLE 665,006 Toll Brothers Inc. COM 889478103 10,718 313,000 SOLE 313,000 Toronto-Dominion Bank COM 891160509 199,702 2,399,356 SOLE 2,399,356 Tractor Supply Company COM 892356106 16,594 159,339 SOLE 159,339 TransAlta Corporation COM 89346D107 15,302 1,047,100 SOLE 1,047,100 TransCanada Corporation COM 89353D107 11,050 231,530 SOLE 231,530 Transocean Limited COM H8817H100 14,467 278,400 SOLE 278,400 Trimble Navigation Limited COM 896239100 44,974 1,500,974 SOLE 1,500,974 Triumph Group Inc. COM 896818101 4,655 59,284 SOLE 59,284 Turquoise Hill Resources Ltd COM 900435108 2,560 402,150 SOLE 402,150 U.S. Geothermal Inc. Restricted (1933) COM 90338S102 2,036 5,852,335 SOLE 5,852,335 U.S. Geothermal Inc. Warrants September 16, 2015(1) WARR 90338S102 7 699,618 SOLE 699,618 Ulta Salon, Cosmetics & Fragrance Inc. COM 90384S303 37,300 459,482 SOLE 459,482 Ultimate Software Group Inc. COM 90385D107 3,273 31,414 SOLE 31,414 Ultra Petroleum Corporation COM 903914109 5,296 263,437 SOLE 263,437 Ultratech Inc. COM 904034105 1,568 39,651 SOLE 39,651 United Rentals Inc. COM 911363109 2,404 43,718 SOLE 43,718 United Technologies Corporation COM 913017109 16,185 173,200 SOLE 173,200 Unum Group COM 91529Y106 41,465 1,467,591 SOLE 1,467,591 Vale SA ADR ADR 91912E105 43,731 2,529,087 SOLE 2,529,087 Valeant Pharmaceuticals International Inc. COM 91911K102 15,988 213,050 SOLE 213,050 Vanguard FTSE Europe ETF ETF 922042874 4 90 SOLE 90 Vanguard Ftse Emerging Markets ETF ETF 922042858 11 246 SOLE 246 Vermilion Energy Inc. COM 923725105 17,364 335,469 SOLE 335,469 WPX Energy Inc COM 98212B103 12,655 789,821 SOLE 789,821 Walgreen Company COM 931422109 20,613 432,250 SOLE 432,250 Walter Investment Management Corporation COM 93317W102 2,119 56,879 SOLE 56,879 Waste Management Inc. COM 94106L109 47,432 1,209,512 SOLE 1,209,512 Wells Fargo & Company COM 949746101 18,499 500,000 SOLE 500,000 Western Copper Corporation and Gold Corp COM 95805V108 2,063 2,410,110 SOLE 2,410,110 Westinghouse Air Brake Technologies Corporation COM 929740108 16,258 159,200 SOLE 159,200 Whiting Petroleum Corporation COM 966387102 6,711 131,996 SOLE 131,996 Whole Foods Market Inc. COM 966837106 13,895 160,159 SOLE 160,159 Wi-LAN Inc. COM 928972108 11,713 2,889,136 SOLE 2,889,136 Wilshire US REIT ETF ETF 18383M472 8,489 219,300 SOLE 219,300 Windstream Corporation COM 97381W104 10,312 1,296,900 SOLE 1,296,900 Workday Inc. - Class 'A' COM 98138H101 2,797 45,379 SOLE 45,379 Wynn Resorts Limited COM 983134107 3,142 25,096 SOLE 25,096 Xplore Technologies Corporation COM 983950700 63 15,995 SOLE 15,995 Xplore Technologies Corporation Preferred(2) Restricted PFD 983950700 11 1,096,213 SOLE 0 Yamana Gold Inc. COM 98462Y100 176,031 11,430,227 SOLE 11,430,227 Zoetis Inc. COM 98978V103 1,079 32,300 SOLE 32,300 eBay Inc. COM 278642103 86,514 1,595,440 SOLE 1,595,440 iShares Core S&P 500 ETF ETF 464287200 21,173 134,549 SOLE 134,549 iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index ETF ETF 464288489 6,596 193,100 SOLE 193,100 iShares Gold Trust ETF ETF 464285105 6,838 440,500 SOLE 440,500 iShares MSCI China Index ETF ETF 46429B671 18,074 398,834 SOLE 398,834 iShares MSCI EAFE Index ETF ETF 464287465 12,618 213,900 SOLE 213,900 iShares MSCI EAFE Small Cap Index ETF ETF 464288273 1,820 41,400 SOLE 41,400 iShares MSCI France Index ETF ETF 464286707 12,966 558,547 SOLE 558,547 iShares MSCI Japan Index ETF ETF 464286848 23,271 2,154,396 SOLE 2,154,396 iShares MSCI Netherlands Investable Market Index ETF ETF 464286814 28,052 1,362,230 SOLE 1,362,230 iShares Russell Midcap Value Index Fund ETF 464287473 3,033 53,200 SOLE 53,200 iShares Russell Top 200 Value Index ETF ETF 464289420 6,013 174,200 SOLE 174,200 iShares S&P Global Energy Sector Index Fund ETF 464287341 1 28 SOLE 28 iShares S&P Global Materials Sector Index Fund ETF 464288695 1 17 SOLE 17 iShares S&P Global Timber & Forestry Index ETF ETF 464288174 3,164 63,300 SOLE 63,300 iShares S&P/Citigroup International Treasury Bond ETF ETF 464288117 11 108 SOLE 108 salesforce.com Inc. COM 79466L302 19,088 106,727 SOLE 106,727 382 Records 8,751,792 275,354,980