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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   15,542,354 282,950 SH   SOLE 282,950 0 0
AMERCIAN ELEC PWR CO INC COM 025537101   14,363,757 176,850 SH   SOLE 176,850 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   8,532,060 36,623 SH   SOLE 36,623 0 0
CANADIAN NAT RES LTD COM 136385101   11,569,963 176,275 SH   SOLE 176,275 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   10,719,030 135,225 SH   SOLE 135,225 0 0
DANIMER SCIENTIFIC INC COM CL A 236272100   28,662 28,100 SH   SOLE 28,100 0 0
DENISON MINES CORP COM 248356107   281,186 160,300 SH   SOLE 160,300 0 0
ENERPLUS CORP COM 292766102   359,610 23,418 SH   SOLE 23,418 0 0
FIFTH THIRD BANCORP COM 316773100   693,249 20,100 SH   SOLE 20,100 0 0
HALEON PLC SPON ADS 405552100   10,207,669 1,240,300 SH   SOLE 1,240,300 0 0
HUDBAY MINERALS INC COM 443628102   9,864,341 1,789,615 SH   SOLE 1,789,615 0 0
KRAFT HEINZ CO COM 500754106   9,681,364 261,800 SH   SOLE 261,800 0 0
MAGNA INTL INC COM 559222401   9,655,544 163,125 SH   SOLE 163,125 0 0
MANULIFE FINL CORP COM 56501R106   15,845,979 715,800 SH   SOLE 715,800 0 0
MASTERCARD INCORPORATED CL A 57636Q104   202,592 475 SH   SOLE 475 0 0
MICROSOFT CORP COM 594918104   15,541,733 41,330 SH   SOLE 41,330 0 0
NEW GOLD INC CDA COM 644535106   36,292 25,000 SH   SOLE 25,000 0 0
NEWMONT CORP COM 651639106   409,761 9,900 SH   SOLE 9,900 0 0
OPEN TEXT CORP COM 683715106   8,242,339 195,750 SH   SOLE 195,750 0 0
ORIGIN MATERIALS INC *W EXP 06/25/202 68622D114   627 16,600 SH   SOLE 16,600 0 0
ROYAL BK CDA COM 780087102   9,334,915 92,137 SH   SOLE 92,137 0 0
TC ENERGY CORP COM 87807B107   24,847,120 634,925 SH   SOLE 634,925 0 0
TECK RESOURCES LTD CL B 878742204   1,215,399 28,700 SH   SOLE 28,700 0 0
TELUS CORPORATION COM 87971M103   12,615,461 707,600 SH   SOLE 707,600 0 0
TEXAS INSTRS INC COM 882508104   6,170,652 36,200 SH   SOLE 36,200 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   17,948,415 277,255 SH   SOLE 277,255 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   2,220,024 243,500 SH   SOLE 243,500 0 0
UNION PAC CORP COM 907818108   282,463 1,150 SH   SOLE 1,150 0 0
VERISK ANALYTICS INC COM 92345Y106   220,946 925 SH   SOLE 925 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   16,505,060 437,800 SH   SOLE 437,800 0 0