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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agnico Eagle Mines Ltd COM 008474108   6,499 127,656 SH   SOLE   127,656 0 0
Canadian Imperial Bank of Commerce COM 136069101   3,953 93,357 SH   SOLE   93,357 0 0
Kinross Gold Corp COM 496902404   3,062 651,600 SH   SOLE   651,600 0 0
Royal Bank of Canada COM 780087102   4,922 51,540 SH   SOLE   51,540 0 0
Open Text Corp COM 683715106   4,365 113,316 SH   SOLE   113,316 0 0
Toronto-Dominion Bank/The COM 891160509   5,116 85,532 SH   SOLE   85,532 0 0
Wheaton Precious Metals Corp COM 962879102   4,884 101,556 SH   SOLE   101,556 0 0
Stellantis NV COM N82405106   12,953 712,507 SH   SOLE   442,853 0 0
Apple Inc COM 037833100   32,325 196,026 SH   SOLE   196,026 0 0
AbbVie Inc COM 00287Y109   4,039 25,342 SH   SOLE   25,342 0 0
Albertsons Cos Inc COM 013091103   8,081 388,860 SH   SOLE   388,860 0 0
Accenture PLC CL A G1151C101   5,229 18,294 SH   SOLE   18,294 0 0
Adobe Inc COM 00724F101   3,688 9,570 SH   SOLE   9,570 0 0
Allstate Corp/The COM 020002101   2,579 23,271 SH   SOLE   23,271 0 0
Amazon.com Inc COM 023135106   6,645 64,332 SH   SOLE   64,332 0 0
Arrow Electronics Inc COM 042735100   4,852 38,853 SH   SOLE   38,853 0 0
Activision Blizzard Inc COM 00507V109   7,075 82,659 SH   SOLE   82,659 0 0
Broadcom Inc COM 11135F101   5,457 8,506 SH   SOLE   8,506 0 0
AutoZone Inc COM 053332102   5,541 2,254 SH   SOLE   2,254 0 0
Bristol-Myers Squibb Co COM 110122108   9,757 140,777 SH   SOLE   140,777 0 0
Citigroup Inc COM 172967424   14,041 299,456 SH   SOLE   299,456 0 0
Cardinal Health Inc COM 14149Y108   6,765 89,598 SH   SOLE   89,598 0 0
Check Point Software Technologies Ltd ORD M22465104   15,577 119,821 SH   SOLE   119,821 0 0
Cigna Corp COM 125523100   8,216 32,154 SH   SOLE   32,154 0 0
Colgate-Palmolive Co COM 194162103   4,123 54,867 SH   SOLE   54,867 0 0
Cisco Systems Inc COM 17275R102   11,539 220,728 SH   SOLE   220,728 0 0
CVS Health Corp COM 126650100   11,436 153,902 SH   SOLE   153,902 0 0
Dell Technologies Inc CL C 24703L202   643 16,000 SH   SOLE   16,000 0 0
Quest Diagnostics Inc COM 74834L100   8,647 61,119 SH   SOLE   61,119 0 0
Walt Disney Co/The COM 254687106   2,881 28,776 SH   SOLE   28,776 0 0
Duke Energy Corp COM 26441C204   2,677 27,749 SH   SOLE   27,749 0 0
DaVita Inc COM 23918K108   9,084 111,990 SH   SOLE   111,990 0 0
Consolidated Edison Inc COM 209115104   6,372 66,601 SH   SOLE   66,601 0 0
Exelon Corp COM 30161N101   3,058 72,990 SH   SOLE   72,990 0 0
F5 Inc COM 315616102   3,012 20,671 SH   SOLE   20,671 0 0
Fidelity National Information Services Inc COM 31620M106   163 3,000 SH   SOLE   3,000 0 0
Gilead Sciences Inc COM 375558103   9,366 112,888 SH   SOLE   112,888 0 0
General Mills Inc COM 370334104   3,233 37,831 SH   SOLE   37,831 0 0
General Motors Co COM 37045V100   5,787 157,758 SH   SOLE   157,758 0 0
Alphabet Inc CL C 02079K107   6,352 61,078 SH   SOLE   61,078 0 0
Alphabet Inc CL A 02079K305   21,863 210,765 SH   SOLE   210,765 0 0
WW Grainger Inc COM 384802104   16,941 24,595 SH   SOLE   24,595 0 0
HCA Healthcare Inc COM 40412C101   12,455 47,234 SH   SOLE   47,234 0 0
HP Inc COM 40434L105   7,294 248,518 SH   SOLE   248,518 0 0
Hershey Co/The COM 427866108   2,598 10,212 SH   SOLE   10,212 0 0
International Business Machines Corporation COM 459200101   6,842 52,190 SH   SOLE   52,190 0 0
Industrial Logistics Properties Trust COM 456237106   394 128,438 SH   SOLE   128,438 0 0
Intel Corp COM 458140100   5,450 166,816 SH   SOLE   166,816 0 0
Johnson & Johnson COM 478160104   7,731 49,880 SH   SOLE   49,880 0 0
Kroger Co/The COM 501044101   12,561 254,434 SH   SOLE   254,434 0 0
Laboratory Corp of America Holdings COM 50540R409   7,873 34,319 SH   SOLE   34,319 0 0
Mckesson Corp COM 58155Q103   6,889 19,349 SH   SOLE   19,349 0 0
Medtronic PLC COM G5960L103   4,446 55,151 SH   SOLE   55,151 0 0
Meta Platforms Inc CL A 30303M102   8,216 38,766 SH   SOLE   38,766 0 0
Mizuho Financial Group Inc ADR 60687Y109   2,117 750,820 SH   SOLE   750,820 0 0
Marsh & McLennan Cos Inc COM 571748102   2,763 16,589 SH   SOLE   16,589 0 0
Medical Properties Trust Inc COM 58463J304   3,061 372,426 SH   SOLE   372,426 0 0
Merck & Co Inc COM 58933Y105   13,305 125,057 SH   SOLE   125,057 0 0
Microsoft Corp COM 594918104   45,252 156,961 SH   SOLE   156,961 0 0
Motorola Solutions Inc COM 620076307   8,250 28,832 SH   SOLE   28,832 0 0
Mitsubishi UFJ Financial Group ADR 606822104   2,082 325,895 SH   SOLE   325,895 0 0
Newmont Corp COM 651639106   7,512 153,247 SH   SOLE   153,247 0 0
Organon & Co COM 68622V106   2,465 104,789 SH   SOLE   104,789 0 0
Oracle Corp COM 68389X105   7,696 82,822 SH   SOLE   82,822 0 0
PepsiCo Inc COM 713448108   4,452 24,424 SH   SOLE   24,424 0 0
Pfizer Inc COM 717081103   8,327 204,094 SH   SOLE   204,094 0 0
Procter & Gamble Co/The COM 742718109   10,484 70,510 SH   SOLE   70,510 0 0
Public Storage COM 74460D109   7,542 24,962 SH   SOLE   24,962 0 0
Qualcomm Inc COM 747525103   6,735 52,791 SH   SOLE   52,791 0 0
Everest Re Group Ltd COM G3223R108   12,814 35,792 SH   SOLE   35,792 0 0
Rio Tinto PLC ADR 767204100   4,416 64,372 SH   SOLE   64,372 0 0
RenaissanceRe Holdings Ltd COM G7496G103   781 3,897 SH   SOLE   3,897 0 0
Sabra Health Care Reit Inc COM 78573L106   4,348 378,071 SH   SOLE   378,071 0 0
J M Smucker Co/The COM 832696405   8,267 52,531 SH   SOLE   52,531 0 0
Skechers USA Inc CL A 830566105   4,780 100,582 SH   SOLE   100,582 0 0
Sumitomo Mitsui Financial Group ADR 86562M209   2,278 284,777 SH   SOLE   284,777 0 0
Southern Co/The COM 842587107   2,688 38,636 SH   SOLE   38,636 0 0
AT&T Inc COM 00206R102   14,277 741,654 SH   SOLE   741,654 0 0
Travelers Cos Inc/The COM 89417E109   9,558 55,761 SH   SOLE   55,761 0 0
UnitedHealth Group Inc COM 91324P102   6,546 13,851 SH   SOLE   13,851 0 0
Visa Inc CL A 92826C839   12,276 54,450 SH   SOLE   54,450 0 0
VMware Inc CL A 928563402   1,642 13,150 SH   SOLE   13,150 0 0
VeriSign Inc COM 92343E102   11,699 55,357 SH   SOLE   55,357 0 0
Vertex Pharmaceuticals Inc COM 92532F100   6,890 21,869 SH   SOLE   21,869 0 0
Viatris Inc COM 92556V106   781 81,184 SH   SOLE   81,184 0 0
Verizon Communications Inc COM 92343V104   38,817 998,122 SH   SOLE   998,122 0 0
Walgreens Boots Alliance Inc COM 931427108   6,846 197,979 SH   SOLE   197,979 0 0
Walmart Inc COM 931142103   10,933 74,144 SH   SOLE   74,144 0 0
WP Carey Inc COM 92936U109   5,737 74,078 SH   SOLE   74,078 0 0
Exxon Mobil Corp COM 30231G102   3,778 34,449 SH   SOLE   34,449 0 0