UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2003
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Check Here if Amendment / /; Amendment Number:
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This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Sun Life Assurance Company of Canada
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Address: 150 King Street West
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Toronto, Ontario, Canada, M5H 1J9
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Form 13F File Number: 28-05799
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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: Candace Shaw
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Title: V.P. Investments
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Phone: 416-979-6188
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Signature, Place, and Date of Signing:
/s/ Candace Shaw Ontario, Canada 8-15-2002
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[Signature] [City, State] [Date]
Report Type (Check only one.):
/X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
/ / 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
/ / 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 394
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Form 13F Information Table Value Total: $ 1,674,007
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
-------------------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ ----
U.S. OPERATIONS - AMOUNTS
SHOWN ARE IN U.S. DOLLARS
Agco Corp COM 001084102 8,529 423,477 SH SOLE 423,477
AMR Corp COM 001765106 427 32,953 SH SOLE 32,953
AT&T Corp COM NEW 001957505 7,944 391,350 SH SOLE 391,350
AT&T Wireless Services Inc COM 00209A106 7,981 998,850 SH SOLE 998,850
Agere Systems Inc CL B 00845V209 8,353 2,880,425 SH SOLE 2,880,425
Alexandria Real Estate
Equit. COM 015271109 5,662 97,781 SH SOLE 97,781
Allmerica Financial Corp COM 019754100 4,211 136,844 SH SOLE 136,844
Alpharma Inc CL A 020813101 3,865 192,275 SH SOLE 192,275
American Financial Realty
Tr COM 02607P305 16,008 938,905 SH SOLE 938,905
Anadarko Petroleum Corp COM 032511107 3,971 77,849 SH SOLE 77,849
Annaly Mortgage Management COM 035710409 18,746 1,018,827 SH SOLE 1,018,827
AON Corp COM 037389103 7,924 331,000 SH SOLE 331,000
Archer Daniels Midland Co COM 039483102 11,103 729,507 SH SOLE 729,507
Archstone-Smith Trust COM 039583109 7,269 259,783 SH SOLE 259,783
Arris Group Inc COM 04269Q100 4,206 581,000 SH SOLE 581,000
AvalonBay Communities Inc. COM 053484101 7,631 159,640 SH SOLE 159,640
BRE Properties Inc CL A 05564E106 6,802 203,666 SH SOLE 203,666
BMC Software Inc COM 055921100 9,050 485,247 SH SOLE 485,247
Baxter International Inc COM 071813109 7,350 240,818 SH SOLE 240,818
Boeing Company COM 097023105 7,645 181,409 SH SOLE 181,409
Bristol-Myers Squibb COM 110122108 7,462 260,898 SH SOLE 260,898
Brocade Communications Sys COM 111621108 7,456 1,290,000 SH SOLE 1,290,000
CBL & Associates
Properties COM 124830100 8,460 149,739 SH SOLE 149,739
Cablevision Systems Corp CL A NY
CABLVS 12686C109 4,829 206,450 SH SOLE 206,450
Calpine Corp COM 131347106 7,996 1,662,354 SH SOLE 1,662,354
Centerpoint Properties
Trust SH BEN INT 151895109 6,336 84,597 SH SOLE 84,597
Clean Harbors Inc COM 184496107 5,792 650,000 SH SOLE 650,000
Comcast Corp CL A 20030N101 9,190 280,258 SH SOLE 280,258
Concord Communications Inc COM 206186108 3,713 188,200 SH SOLE 188,200
Crescent Real Estate EQT
Co COM 225756105 4,574 266,991 SH SOLE 266,991
Developers Diversified
Realty COM 251591103 9,368 279,067 SH SOLE 279,067
Dillards Inc CL A 254067101 14,881 904,072 SH SOLE 904,072
Eastman Kodak Co COM 277461109 7,974 310,649 SH SOLE 310,649
Equity Office Properties
Trust COM 294741103 4,539 158,443 SH SOLE 158,443
Equity Residential
Properties SH BEN INT 29476L107 4,581 155,244 SH SOLE 155,244
Federal Realty Investment SH BEN INT
Tr NEW 313747206 7,080 184,425 SH SOLE 184,425
GATX Corporation COM 361448103 9,472 338,516 SH SOLE 338,516
General Growth Properties COM 370021107 10,180 366,850 SH SOLE 366,850
Grant Prideco Inc COM 38821G101 7,685 590,270 SH SOLE 590,270
Hain Celestial Group Inc COM 405217100 5,382 231,866 SH SOLE 231,866
Hewlett Packard COM 428236103 - - SH SOLE -
Honeywell International COM 438516106 7,159 214,147 SH SOLE 214,147
IMC Global Inc COM 449669100 5,005 504,036 SH SOLE 504,036
Interpublic Group of Cos
Inc COM 460690100 3,900 250,000 SH SOLE 250,000
MSCI World Equity MSCI
Benchmark AUSTRALIA 464286103 982 73,498 SH SOLE 73,498
MSCI World Equity MSCI
Benchmark BELGIUM 464286301 168 12,969 SH SOLE 12,969
MSCI World Equity MSCI
Benchmark SINGAPORE 464286673 202 33,739 SH SOLE 33,739
MSCI World Equity MSCI UTD
Benchmark KINGD 464286699 5,289 339,492 SH SOLE 339,492
MSCI World Equity
Benchmark MSCI FRANCE 464286707 1,748 85,725 SH SOLE 85,725
MSCI World Equity MSCI
Benchmark SWITZERLD 464286749 1,346 91,331 SH SOLE 91,331
MSCI World Equity
Benchmark MSCI SWEDEN 464286756 784 50,258 SH SOLE 50,258
MSCI World Equity
Benchmark MSCI SPAIN 464286764 871 31,549 SH SOLE 31,549
MSCI World Equity
Benchmark MSCI GERMAN 464286806 1,326 81,933 SH SOLE 81,933
MSCI World Equity MSCI
Benchmark NETHERLND 464286814 981 59,958 SH SOLE 59,958
MSCI World Equity
Benchmark MSCI JAPAN 464286848 4,507 467,581 SH SOLE 467,581
MSCI World Equity
Benchmark MSCI ITALY 464286855 732 37,121 SH SOLE 37,121
MSCI World Equity MSCI HONG
Benchmark KONG 464286871 673 67,290 SH SOLE 67,290
JPMorgan Chase & Co COM 46625H100 6,095 165,945 SH SOLE 165,945
Johnson & Johnson COM 478160104 7,373 142,717 SH SOLE 142,717
Jones Apparel Group, Inc. COM 480074103 1,912 54,285 SH SOLE 54,285
Kimco Realty Corp COM 49446R109 7,459 166,689 SH SOLE 166,689
Lockheed Martin Corp COM 539830109 8,191 159,350 SH SOLE 159,350
Macerich Company COM 554382101 8,807 197,915 SH SOLE 197,915
Mack-Cali Realty Corp COM 554489104 7,302 175,433 SH SOLE 175,433
Merck COM 589331107 7,981 172,751 SH SOLE 172,751
Micron Technology Inc COM 595112103 8,271 614,000 SH SOLE 614,000
Midway Games Inc COM 598148104 6,034 1,555,133 SH SOLE 1,555,133
Newell Rubbermaid Inc COM 651229106 7,624 334,825 SH SOLE 334,825
Olin Corp COM PAR $1 680665205 7,699 383,800 SH SOLE 383,800
Oracle Corporation COM 68389X105 8,033 607,150 SH SOLE 607,150
Pegasus Communications
Corp CL A NEW 705904605 6,513 231,946 SH SOLE 231,946
Penney JC & Co COM 708160106 6,964 265,009 SH SOLE 265,009
Pfizer Inc COM 717081103 9,833 278,317 SH SOLE 278,317
Prologis SH BEN INT 743410102 6,460 201,315 SH SOLE 201,315
Prudential Financial Inc COM 744320102 8,251 197,534 SH SOLE 197,534
Raytheon Co COM NEW 755111507 8,256 274,845 SH SOLE 274,845
Reckson Associates Realty
Corp COM 75621K106 6,934 285,346 SH SOLE 285,346
Regency Centers Corp COM 758849103 3,588 90,040 SH SOLE 90,040
SL Green Realty Corp COM 78440X101 10,538 256,715 SH SOLE 256,715
Sara Lee COM 803111103 7,510 345,933 SH SOLE 345,933
Schering-Plough Corp COM 806605101 8,352 480,248 SH SOLE 480,248
Shurgard Storage Centers-A COM 82567D104 6,006 159,511 SH SOLE 159,511
Simon Property Group Inc COM 828806109 5,227 112,806 SH SOLE 112,806
Smithfield Foods Inc COM 832248108 6,084 293,914 SH SOLE 293,914
Tenet Healthcare Corp COM 88033G100 14,805 922,450 SH SOLE 922,450
Unova Inc COM 91529B106 6,830 297,590 SH SOLE 297,590
UnumProvident Corp COM 91529Y106 10,195 646,463 SH SOLE 646,463
Viacom Inc CL B 925524308 3,845 86,648 SH SOLE 86,648
Vicor Corp COM 925815102 5,285 463,185 SH SOLE 463,185
Vornado Realty Trust SH BEN INT 929042109 9,434 172,305 SH SOLE 172,305
Warnaco Group Inc/The CL A NEW 934390402 4,313 270,383 SH SOLE 270,383
Nabors Industries Ltd SHS G6359F103 7,631 183,870 SH SOLE 183,870
Orient Express Hotels Ltd CL A G67743107 6,420 390,774 SH SOLE 390,774
Transocean Inc ORD G90078109 8,171 340,300 SH SOLE 340,300
CANADIAN OPERATIONS -
AMOUNTS SHOWN ARE IN
U.S. DOLLARS
ABB Ltd COM 000375204 1,372 270,000 SH SOLE 270,000
Agco Corp COM 001084102 622 30,900 SH SOLE 30,900
ATI Technologies Inc COM 001941103 869 44,600 SH SOLE 44,600
AT&T Wireless Service Inc COM 00209A106 1,759 220,151 SH SOLE 220,151
Abbot Laboratories COM 002824100 447 9,600 SH SOLE 9,600
Aber Diamond Corporation COM 002893105 390 8,300 SH SOLE 8,300
Abitibi-Consolidated Inc COM 003924107 704 67,900 SH SOLE 67,900
Adtran Inc COM 00738A106 261 8,400 SH SOLE 8,400
Agrium Inc COM 008916108 201 9,400 SH SOLE 9,400
Air Products & Chemical
Inc COM 009158106 514 9,720 SH SOLE 9,720
Alcan Inc COM 013716105 21,316 351,925 SH SOLE 351,925
Alcoa Inc COM 013817101 172 4,530 SH SOLE 4,530
Alliance Atlantis Comm Inc COM 01853E204 652 32,900 SH SOLE 32,900
Allstate Corp COM 020002101 4,225 98,210 SH SOLE 98,210
Altria Group COM 02209S103 1,917 35,231 SH SOLE 35,231
American Express Co COM 025816109 1,091 22,630 SH SOLE 22,630
American International
Group COM 026874107 871 13,140 SH SOLE 13,140
Amgen Inc COM 031162100 653 10,560 SH SOLE 10,560
Amvescap PLC COM 03235E100 74 5,000 SH SOLE 5,000
Analog Devices COM 032654105 653 14,300 SH SOLE 14,300
Angiotech Pharmaceuticals
Inc COM 034918102 184 3,100 SH SOLE 3,100
Apache Corporation COM 037411105 692 8,530 SH SOLE 8,530
Apollo Group Inc COM 037604105 325 4,800 SH SOLE 4,800
Archer-Daniel Midland COM 039483102 1,608 105,640 SH SOLE 105,640
Astrazeneca PLC COM 046353108 106 2,200 SH SOLE 2,200
Atlas Energy Ltd COM 049300106 58 14,600 SH SOLE 14,600
Avery Dennison Corp COM 053611109 1,417 25,300 SH SOLE 25,300
Avon Products COM 054303102 452 6,700 SH SOLE 6,700
BCE Inc COM 05534B109 21,741 752,292 SH SOLE 752,292
BG Group COM 055434203 1,831 70,300 SH SOLE 70,300
BISYS Group COM 055472104 205 13,780 SH SOLE 13,780
BP PLC COM 055622104 2,685 54,400 SH SOLE 54,400
Baker Hughes Inc COM 057224107 98 3,050 SH SOLE 3,050
Bank of America Corp COM 060505104 2,291 28,490 SH SOLE 28,490
Bank of Montreal COM 063671101 18,581 347,300 SH SOLE 347,300
Bank of New York COM 064057102 291 8,800 SH SOLE 8,800
Bank of Nova Scotia COM 064149107 30,196 458,910 SH SOLE 458,910
Bank One Corp COM 06423A103 376 8,250 SH SOLE 8,250
Barclays PLC COM 06738E204 2,661 73,200 SH SOLE 73,200
Barrick Gold Corp COM 067901108 28,607 976,000 SH SOLE 976,000
Bellsouth Corp COM 079860102 193 6,830 SH SOLE 6,830
Bema Gold Corp COM 08135F107 125 26,000 SH SOLE 26,000
Boardwalk Equities Inc COM 096613104 95 5,300 SH SOLE 5,300
Bowater Inc COM 102183100 179 3,860 SH SOLE 3,860
Brascan Corporation COM 10549P606 457 11,500 SH SOLE 11,500
Bristol-Myers Squibb Co COM 110122108 1,238 43,277 SH SOLE 43,277
British American Tobacco
PLC COM 110448107 1,209 43,700 SH SOLE 43,700
CAE Inc COM 124765108 334 57,000 SH SOLE 57,000
CVS Corp COM 126650100 139 3,850 SH SOLE 3,850
Cameco Corp COM 13321L108 284 3,800 SH SOLE 3,800
Cdn Imp Bank of Commerce COM 136069101 17,273 269,890 SH SOLE 269,890
Cdn National Railways COM 136375102 405 6,400 SH SOLE 6,400
Cdn National Railways COM 136375102 31,519 385,840 SH SOLE 385,840
Canadian Nat Resources Ltd COM 136385101 2,053 31,400 SH SOLE 31,400
Canadian Pacific Railway
Co COM 13645T100 11,445 312,870 SH SOLE 312,870
Canfor Corporation COM 137902102 334 29,600 SH SOLE 29,600
Canon Inc COM 138006309 405 8,500 SH SOLE 8,500
Career Education Corp COM 141665109 166 4,120 SH SOLE 4,120
Caremark Rx Inc COM 141705103 220 8,670 SH SOLE 8,670
Carnival Corp COM 143658300 735 18,500 SH SOLE 18,500
Cedera Software Corp COM 150644102 49 8,600 SH SOLE 8,600
Celestica Inc COM 15101Q108 501 25,600 SH SOLE 25,600
ChevronTexaco Corp COM 166764100 587 6,800 SH SOLE 6,800
Chubb Corporation COM 171232101 1,183 17,370 SH SOLE 17,370
Cinergy Corp COM 172474108 276 7,100 SH SOLE 7,100
Cisco Systems COM 17275R102 1,624 67,010 SH SOLE 67,010
Citigroup Inc COM 172967101 3,621 74,600 SH SOLE 74,600
Clear Channel Comm COM 184502102 766 16,350 SH SOLE 16,350
Cognos Inc COM 19244C109 297 7,500 SH SOLE 7,500
Colgate Palmolive COM 194162103 155 3,100 SH SOLE 3,100
Comcast Corporation COM 20030N101 1,081 32,900 SH SOLE 32,900
ConocoPhillips Inc COM 20825C104 890 13,580 SH SOLE 13,580
Corning Inc COM 219350105 185 17,700 SH SOLE 17,700
Corus Entertainment COM 220874101 297 10,800 SH SOLE 10,800
Cott Corp COM 22163N106 167 4,600 SH SOLE 4,600
Cox Communications Inc COM 224044107 668 19,380 SH SOLE 19,380
CP Ships Ltd COM 22409V102 7,497 278,700 SH SOLE 278,700
Creo COM 225606102 117 8,800 SH SOLE 8,800
DST Systems COM 233326107 159 3,810 SH SOLE 3,810
Danaher Corp COM 235851102 266 2,900 SH SOLE 2,900
John Deere & Co. COM 244199105 414 6,370 SH SOLE 6,370
Dell Inc COM 24702R101 784 23,060 SH SOLE 23,060
Descartes Systems Group
Inc. COM 249906108 91 25,000 SH SOLE 25,000
Devon Energy Corp COM 25179M103 153 2,680 SH SOLE 2,680
Diageo PLC COM 25243Q205 2,537 48,000 SH SOLE 48,000
Disney Walt Co COM 254687106 105 4,500 SH SOLE 4,500
Dominion Resources Inc COM 25746U109 160 2,500 SH SOLE 2,500
Domtar Inc. COM 257561100 14,456 889,600 SH SOLE 889,600
Domtar Inc. COM 257561126 0 1,900 SH SOLE 1,900
Dorel Industries Inc COM 25822C205 89 2,500 SH SOLE 2,500
Dow Chemical Company COM 260543103 454 10,920 SH SOLE 10,920
Draxis Health Inc COM 26150J101 112 25,600 SH SOLE 25,600
E ON AG COM 268780103 4,005 61,200 SH SOLE 61,200
Ebay COM 278642103 342 5,300 SH SOLE 5,300
Echostar Communications COM 278762109 415 12,200 SH SOLE 12,200
Eldorado Gold Corp COM 284902103 119 29,300 SH SOLE 29,300
Emerson Electric Co COM 291011104 842 13,000 SH SOLE 13,000
EnCana Corporation COM 292505104 21,208 415,840 SH SOLE 415,840
Enbridge Inc COM 29250N105 11,594 215,900 SH SOLE 215,900
Energy East Corporation COM 29266M109 220 9,800 SH SOLE 9,800
Entergy Corp COM 29364G103 103 1,800 SH SOLE 1,800
Entrust Inc COM 293848107 470 115,100 SH SOLE 115,100
Extendicare Inc COM 30224T871 213 16,100 SH SOLE 16,100
Exxon Mobil Corp COM 30231G102 1,617 39,450 SH SOLE 39,450
FPL Group COM 302571104 172 2,630 SH SOLE 2,630
Fairfax Financial COM 303901102 113 500 SH SOLE 500
Fairmont Hotels COM 305204109 382 10,825 SH SOLE 10,825
Federal National Mtge
Assoc COM 313586109 1,789 23,840 SH SOLE 23,840
Fedex Corporation COM 31428X106 412 6,100 SH SOLE 6,100
First Data Corp COM 319963104 208 5,074 SH SOLE 5,074
Firstservice Corporation COM 33761N109 103 3,900 SH SOLE 3,900
First Energy Corp COM 337932107 101 2,880 SH SOLE 2,880
FleetBoston Financial Corp COM 339030108 1,134 25,980 SH SOLE 25,980
Fluor Corporation COM 343412102 1,641 41,400 SH SOLE 41,400
Franklin Resources Inc COM 354613101 94 1,800 SH SOLE 1,800
GSI Lumonics Inc COM 36229U102 371 24,400 SH SOLE 24,400
Genentech Inc COM 368710406 109 1,170 SH SOLE 1,170
General Dynamic Sys COM 369550108 2,215 24,500 SH SOLE 24,500
General Elec Co COM 369604103 1,012 32,680 SH SOLE 32,680
Genzyme Corp COM 372917104 488 9,900 SH SOLE 9,900
Gilead Sciences COM 375558103 624 10,700 SH SOLE 10,700
Gildan Activewear Inc COM 375916103 396 9,900 SH SOLE 9,900
Glamis Gold COM 376775102 470 21,100 SH SOLE 21,100
Glaxosmithkline Plc COM 37733W105 1,944 41,700 SH SOLE 41,700
Glaxosmithkline Plc COM 37733W295 415 32,200 SH SOLE 32,200
Gold Fields Ltd COM 38059T106 1,681 120,600 SH SOLE 120,600
Goldcorp Inc COM 380956409 373 18,100 SH SOLE 18,100
Goldman Sachs Group COM 38141G104 1,258 12,740 SH SOLE 12,740
Group CGI COM 39945C109 8,268 1,020,700 SH SOLE 1,020,700
Guidant Corp COM 401698105 393 6,530 SH SOLE 6,530
HCA Inc COM 404119109 180 4,200 SH SOLE 4,200
HSBC Holdings Plc COM 404280406 3,003 38,100 SH SOLE 38,100
John Hancock Fin Svcs COM 41014S106 353 9,400 SH SOLE 9,400
Hartford Financial
Services COM 416515104 335 5,680 SH SOLE 5,680
Hasbro Inc COM 418056107 85 4,000 SH SOLE 4,000
Heinz H J Co COM 423074103 396 10,870 SH SOLE 10,870
Hewlett Packard Co COM 428236103 799 34,800 SH SOLE 34,800
Home Depot Inc COM 437076102 249 7,013 SH SOLE 7,013
Honda Motor Co COM 438128308 2,705 120,200 SH SOLE 120,200
Honeywell International
Inc COM 438516106 1,895 56,700 SH SOLE 56,700
Illinois Tool Works Inc COM 452308109 310 3,700 SH SOLE 3,700
Imperial Oil Ltd COM 453038408 15,458 268,700 SH SOLE 268,700
Inco Ltd COM 453258402 956 18,500 SH SOLE 18,500
ING Groep NV COM 456837103 1,264 54,000 SH SOLE 54,000
Intel Corp COM 458140100 609 19,009 SH SOLE 19,009
InterActive Corp COM 45840Q101 553 16,300 SH SOLE 16,300
I B M Corp COM 459200101 1,383 14,920 SH SOLE 14,920
Intl Paper Co COM 460146103 2,266 52,560 SH SOLE 52,560
Intrawest Corp COM 460915200 105 4,400 SH SOLE 4,400
Amvescap PLC COM 461276891 317 78,100 SH SOLE 78,100
IPSCO Inc COM 462622101 339 14,100 SH SOLE 14,100
Ishares Tr COM 464287465 131,383 960,541 SH SOLE 960,541
Janus Capital Group COM 47102X105 20 1,200 SH SOLE 1,200
Johnson & Johnson COM 478160104 3,848 74,494 SH SOLE 74,494
Kellogg Co COM 487836108 873 22,930 SH SOLE 22,930
Keyspan Corp COM 49337W100 140 3,800 SH SOLE 3,800
Kimberly Clark COM 494368103 840 14,210 SH SOLE 14,210
Kingsway Financial Service
Inc COM 496904103 251 17,200 SH SOLE 17,200
Kohls Corporation COM 500255104 704 15,670 SH SOLE 15,670
Lamar Advertising Company COM 512815101 262 7,030 SH SOLE 7,030
Estee Lauder COM 518439104 82 2,100 SH SOLE 2,100
Leitch Technology Corp COM 52543H107 4,048 726,700 SH SOLE 726,700
Linear Technology COM 535678106 304 7,220 SH SOLE 7,220
Lockheed Martin Inc. COM 539830109 221 4,300 SH SOLE 4,300
Luxottica Group SPA COM 55068R202 313 18,000 SH SOLE 18,000
Mbna corp COM 55262L100 547 22,000 SH SOLE 22,000
MDS Inc COM 55269P302 21,798 1,091,000 SH SOLE 1,091,000
Magna International Inc COM 559222401 14,212 136,600 SH SOLE 136,600
Manulife Financial Corp COM 56501R106 30,613 731,500 SH SOLE 731,500
Marsh & Mclennan COM 571748102 101 2,100 SH SOLE 2,100
Matsushita Electric Ind.
Co COM 576879209 1,018 73,000 SH SOLE 73,000
Maxim Integrated Products COM 57772K101 280 5,640 SH SOLE 5,640
McDonalds Corporation COM 580135101 117 4,700 SH SOLE 4,700
Medtronic Inc COM 585055106 403 8,300 SH SOLE 8,300
Mellon Financial COM 58551A108 1,045 32,540 SH SOLE 32,540
Mercury Interactive Corp COM 589405109 375 7,710 SH SOLE 7,710
Merrill Lynch & Co Inc COM 590188108 1,040 17,740 SH SOLE 17,740
Metlife Inc COM 59156R108 690 20,490 SH SOLE 20,490
Microsoft Corp COM 594918104 3,683 134,552 SH SOLE 134,552
Microchip Technology Inc COM 595017104 327 9,810 SH SOLE 9,810
Monsanto Co COM 61166W101 32 1,100 SH SOLE 1,100
Moore Wallace Inc COM 615857109 10,960 452,700 SH SOLE 452,700
Morgan Stanley Co COM 617446448 1,163 20,100 SH SOLE 20,100
Motorola Inc COM 620076109 360 25,600 SH SOLE 25,600
National Fuel Gas Company COM 636180101 115 4,700 SH SOLE 4,700
Network Associates COM 640938106 153 10,200 SH SOLE 10,200
New York Times Co COM 650111107 1,319 27,610 SH SOLE 27,610
Newell Rubbermaid Inc COM 651229106 209 9,200 SH SOLE 9,200
Nexen Inc COM 65334H102 28,889 615,700 SH SOLE 615,700
Nike Inc COM 654106103 1,376 20,100 SH SOLE 20,100
Nippon Tel & Tel Co COM 654624105 1,179 48,000 SH SOLE 48,000
Nokia Corp COM 654902204 1,533 90,200 SH SOLE 90,200
Nomura Holdings Inc COM 65535H208 2,624 155,000 SH SOLE 155,000
Nortel Networks Corp COM 656568102 2,407 438,400 SH SOLE 438,400
Northern Trust Corp COM 665859104 227 4,900 SH SOLE 4,900
Northrop Grumman Corp COM 666807102 717 7,500 SH SOLE 7,500
Nova Chemicals Corp COM 66977W109 308 8,800 SH SOLE 8,800
Novartis AG COM 66987V109 2,983 65,000 SH SOLE 65,000
Novellus Systems Inc COM 670008101 288 6,840 SH SOLE 6,840
NSTAR COM 67019E107 238 4,900 SH SOLE 4,900
Occidental Petroleum COM 674599105 252 5,970 SH SOLE 5,970
Open Text COM 683715106 104 4,200 SH SOLE 4,200
Oracle Systems Corp COM 68389X105 516 38,986 SH SOLE 38,986
Outback Steakhouse COM 689899102 168 3,800 SH SOLE 3,800
PNC Financial Services
Group COM 693475105 296 5,400 SH SOLE 5,400
PPG Industries COM 693506107 712 11,120 SH SOLE 11,120
PPL Corporation COM 69351T106 182 4,160 SH SOLE 4,160
Pearson Plc COM 705015105 67 6,000 SH SOLE 6,000
Pepsico Inc COM 713448108 885 18,990 SH SOLE 18,990
Petro Canada Limited COM 71644E102 1,777 27,800 SH SOLE 27,800
Pfizer Inc COM 717081103 5,580 157,952 SH SOLE 157,952
Placer Dome Inc COM 725906101 33,773 1,457,600 SH SOLE 1,457,600
Potash Corp of Sask Inc COM 73755L107 303 2,700 SH SOLE 2,700
Praxair Inc COM 74005P104 128 3,340 SH SOLE 3,340
Precision Drilling Corp COM 74022D100 857 15,100 SH SOLE 15,100
Progress Energy Ltd COM 742981103 170 13,700 SH SOLE 13,700
Prudential Financial Inc COM 744320102 2,285 54,700 SH SOLE 54,700
QLT Inc COM 746927102 448 18,300 SH SOLE 18,300
Qualcomm Inc COM 747525103 216 4,000 SH SOLE 4,000
Quebecor World Inc COM 748203106 17,468 653,000 SH SOLE 653,000
Reed Elsevier NV COM 758204101 1,411 57,000 SH SOLE 57,000
Research In Motion COM 760975102 465 5,800 SH SOLE 5,800
Rexam plc COM 761655406 768 19,600 SH SOLE 19,600
Rio Tinto Plc COM 767204100 67 600 SH SOLE 600
Rogers Communication
Class B COM 775109200 1,886 88,400 SH SOLE 88,400
Royal Bank of Canada COM 780087102 37,124 600,706 SH SOLE 600,706
Royal Dutch Petroleum Co COM 780257804 3,840 73,300 SH SOLE 73,300
SBC Communications COM 78387G103 4,707 180,550 SH SOLE 180,550
SLM Corporation COM 78442P106 203 5,390 SH SOLE 5,390
SPDR Trust COM 78462F103 169,562 1,523,743 SH SOLE 1,523,743
Safeway Inc COM 786514208 62 2,840 SH SOLE 2,840
Samsung SDI Co COM 796054203 270 9,600 SH SOLE 9,600
Schering Plough Corp COM 806605101 743 42,700 SH SOLE 42,700
Schlumberger Ltd COM 806857108 1,639 29,960 SH SOLE 29,960
Sears Roebuck & Co COM 812387108 218 4,800 SH SOLE 4,800
Secom Company Ltd COM 813113206 203 2,700 SH SOLE 2,700
Shire Pharmaceuticals Grp
Plc COM 82481R106 1,639 56,400 SH SOLE 56,400
Siemens AG COM 826197501 2,606 32,600 SH SOLE 32,600
Smurfit Stone Container COM 832727101 254 13,700 SH SOLE 13,700
Sony Corp COM 835699307 243 7,000 SH SOLE 7,000
Southtrust Corp COM 844730101 195 5,950 SH SOLE 5,950
Southwest Airlines COM 844741108 341 21,100 SH SOLE 21,100
Sprint Corp PCS Group COM 852061506 221 39,390 SH SOLE 39,390
Stanley Works COM 854616109 769 20,300 SH SOLE 20,300
Staples Inc COM 855030102 324 11,860 SH SOLE 11,860
Starwood Hotels & Resorts COM 85590A203 241 6,700 SH SOLE 6,700
Suncor Energy Inc COM 867229106 3,546 109,100 SH SOLE 109,100
Sunopta COM 8676EP108 53 5,700 SH SOLE 5,700
Suntrust Banks Inc COM 867914103 902 12,610 SH SOLE 12,610
Superior Industries Int'l COM 868168105 975 22,400 SH SOLE 22,400
TJX Companies Inc COM 872540109 404 18,340 SH SOLE 18,340
TLC Vision Corp COM 872549100 143 16,800 SH SOLE 16,800
TXU Corp COM 873168108 391 16,500 SH SOLE 16,500
Talisman Energy Inc COM 87425E103 5,139 69,900 SH SOLE 69,900
Target Corp COM 87612E106 761 19,830 SH SOLE 19,830
Telefonos de Mexico
S A de C V COM 879403780 1,546 46,800 SH SOLE 46,800
Telus Corp COM 87971M202 379 15,673 SH SOLE 15,673
Texas Instruments Inc COM 882508104 474 16,130 SH SOLE 16,130
Thermo Electron Corp COM 883556102 239 9,500 SH SOLE 9,500
Thomson Corp COM 884903105 2,580 54,800 SH SOLE 54,800
3M Company COM 88579Y101 490 5,766 SH SOLE 5,766
Timberland Company COM 887100105 1,573 30,200 SH SOLE 30,200
Time Warner Inc COM 887317105 1,728 96,060 SH SOLE 96,060
Tomkins PLC COM 890030208 2,068 108,000 SH SOLE 108,000
Toronto Dominion Bank COM 891160509 15,931 368,000 SH SOLE 368,000
TransCanada Corp COM 89353D107 31,382 1,125,621 SH SOLE 1,125,621
TransCanada Corp COM 89353D107 31,382 1,125,621 SH SOLE 1,125,621
Travelers Property
Casualty COM 89420G109 527 31,400 SH SOLE 31,400
Travelers Property
Casualty COM 89420G406 979 57,700 SH SOLE 57,700
Tribune Co COM 896047107 619 12,000 SH SOLE 12,000
Tyco Intl Ltd COM 902124106 1,386 52,300 SH SOLE 52,300
Tyson Foods Inc COM 902494103 65 4,900 SH SOLE 4,900
UST Inc COM 902911106 3,055 85,600 SH SOLE 85,600
Union Pacific Corp. COM 907818108 764 11,000 SH SOLE 11,000
United Parcel Service COM 911312106 266 3,570 SH SOLE 3,570
United Technologies Corp COM 913017109 787 8,300 SH SOLE 8,300
Unocal Corp COM 915289102 619 16,800 SH SOLE 16,800
UPM Kymmene Corporation COM 915436109 1,328 69,000 SH SOLE 69,000
Veritas Softwar Corp COM 923436109 669 18,060 SH SOLE 18,060
Verizon Comm COM 92343V104 2,385 68,000 SH SOLE 68,000
Viacom Inc COM 925524308 1,751 39,550 SH SOLE 39,550
Vodafone Group Plc COM 92857W100 626 25,000 SH SOLE 25,000
Volvo AB COM 928856400 1,255 41,000 SH SOLE 41,000
WPP Group PLC COM 929309300 493 10,000 SH SOLE 10,000
Wal Mart Stores Inc COM 931142103 794 14,960 SH SOLE 14,960
Walgreen Co COM 931422109 252 6,940 SH SOLE 6,940
Washington Mutual Inc COM 939322103 754 18,800 SH SOLE 18,800
Waters Corp COM 941848103 1,903 57,400 SH SOLE 57,400
Wells Fargo & Co COM 949746101 253 4,300 SH SOLE 4,300
Wendys International Inc COM 950590109 129 3,300 SH SOLE 3,300
Westwood One COM 961815107 374 10,930 SH SOLE 10,930
Williams Sanoma Inc COM 969904101 129 3,700 SH SOLE 3,700
Wyeth COM 983024100 2,792 65,760 SH SOLE 65,760
Xilinx COM 983919101 498 12,890 SH SOLE 12,890
Zarlink Semiconductor COM 989139100 325 74,200 SH SOLE 74,200
Deutsche Bank AG COM D18190898 370 4,500 SH SOLE 4,500
Ace Ltd COM G0070K103 389 9,400 SH SOLE 9,400
Noble Corp COM G65422100 379 10,600 SH SOLE 10,600
Transocean Inc COM G90078109 1,100 45,800 SH SOLE 45,800
Check Point Software Tech
Ltd COM M22465104 980 58,100 SH SOLE 58,100
1,674,007