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, 2004
-----------------
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: Sun Life Assurance Company of Canada
------------------------------------
Address: 150 King Street West
------------------------------------
Toronto, Ontario, Canada, M5H 1J9
------------------------------------
------------------------------------
Form 13F File Number: 28-05799
-------------------------------
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
--------------------------------------------
Title: Vice-President, Investments
--------------------------------------------
Phone: 416-979-6188
--------------------------------------------
Signature, Place, and Date of Signing:
/s/ Candace Shaw Ontario, Canada 2-11-2005
------------------------------- ------------------ --------------
[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
--------------------
Form 13F Information Table Entry Total: 281
--------------------
Form 13F Information Table Value Total: $ 1,658,207
--------------------
(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 - December 31, 2004
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
U.S. OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS
AGERE SYS INC CL B 00845V209 4,845 3,588,950 SH SOLE 3,588,950
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 13,180 177,099 SH SOLE 177,099
AMERICAN FINL RLTY TR COM 02607P305 9,396 580,731 SH SOLE 580,731
AMERICAN ITALIAN PASTA CO CL A 027070101 1,167 50,200 SH SOLE 50,200
AMGEN INC COM 031162100 9,149 142,618 SH SOLE 142,618
AMR CORP COM 001765106 361 32,953 SH SOLE 32,953
ARCHER DANIELS MIDLAND CO COM 039483102 9,435 422,910 SH SOLE 422,910
ARCHSTONE SMITH TR COM 039583109 14,435 376,906 SH SOLE 376,906
ARRIS GROUP INC COM 04269Q100 6,890 978,763 SH SOLE 978,763
ASCENTIAL SOFTWARE CORP COM NEW 04362P207 5,598 343,202 SH SOLE 343,202
AVALONBAY CMNTYS INC COM 053484101 7,170 95,214 SH SOLE 95,214
BANK OF AMERICA CORPORATION COM 060505104 8,957 190,614 SH SOLE 190,614
BAXTER INTL INC COM 071813109 8,417 243,685 SH SOLE 243,685
BLOCKBUSTER INC CL A 093679108 5,362 562,035 SH SOLE 562,035
BOSTON SCIENTIFIC CORP COM 101137107 9,110 256,246 SH SOLE 256,246
BRE PROPERTIES INC CL A 05564E106 11,948 296,402 SH SOLE 296,402
BROCADE COMMUNICATIONS SYS I COM 111621108 6,506 851,550 SH SOLE 851,550
BUNGE LIMITED COM G16962105 7,897 138,528 SH SOLE 138,528
C COR INC COM 125010108 5,516 593,073 SH SOLE 593,073
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 9,316 374,119 SH SOLE 374,119
CALPINE CORP COM 131347106 10,987 2,788,557 SH SOLE 2,788,557
CARRAMERICA RLTY CORP COM 144418100 8,606 260,803 SH SOLE 260,803
CHIRON CORP COM 170040109 9,617 288,540 SH SOLE 288,540
CIT GROUP INC COM 125581108 9,412 205,407 SH SOLE 205,407
CITIGROUP INC COM 172967101 8,878 184,269 SH SOLE 184,269
CLEAN HARBORS INC COM 184496107 9,679 641,390 SH SOLE 641,390
CLEAR CHANNEL COMMUNICATIONS COM 184502102 8,770 261,856 SH SOLE 261,856
COMCAST CORP NEW CL A 20030N101 9,357 281,164 SH SOLE 281,164
DELTA & PINE LD CO COM 247357106 5,261 192,867 SH SOLE 192,867
DEVELOPERS DIVERSIFIED RLTY COM 251591103 14,494 326,652 SH SOLE 326,652
DOW CHEM CO COM 260543103 9,056 182,903 SH SOLE 182,903
DUKE REALTY CORP COM NEW 264411505 6,472 189,577 SH SOLE 189,577
DYNEGY INC NEW CL A 26816Q101 4,387 949,500 SH SOLE 949,500
EASTMAN KODAK CO COM 277461109 9,008 279,318 SH SOLE 279,318
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 10,226 307,552 SH SOLE 307,552
ELECTRONIC ARTS INC COM 285512109 9,441 153,059 SH SOLE 153,059
EQUITY RESIDENTIAL SH BEN INT 29476L107 12,263 338,953 SH SOLE 338,953
EXIDE TECHNOLOGIES COM NEW 302051206 5,792 420,305 SH SOLE 420,305
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 365 7,076 SH SOLE 7,076
GATX CORP COM 361448103 10,968 371,057 SH SOLE 371,057
GRAFTECH INTL LTD COM 384313102 5,002 528,740 SH SOLE 528,740
GRAMERCY CAP CORP COM 384871109 4,950 240,310 SH SOLE 240,310
HCA INC COM 404119109 8,846 221,370 SH SOLE 221,370
HOST MARRIOTT CORP NEW COM 44107P104 7,493 433,122 SH SOLE 433,122
IMCLONE SYS INC COM 45245W109 9,351 202,921 SH SOLE 202,921
ISHARES INC MSCI AUSTRALIA 464286103 1,227 73,498 SH SOLE 73,498
ISHARES INC MSCI BELGIUM 464286301 241 12,969 SH SOLE 12,969
ISHARES INC MSCI SINGAPORE 464286673 242 33,739 SH SOLE 33,739
ISHARES INC MSCI UTD KINGD 464286699 6,141 339,492 SH SOLE 339,492
ISHARES INC MSCI FRANCE 464286707 2,047 85,725 SH SOLE 85,725
ISHARES INC MSCI SWITZERLD 464286749 1,571 91,331 SH SOLE 91,331
ISHARES INC MSCI SWEDEN 464286756 1,053 50,258 SH SOLE 50,258
ISHARES INC MSCI SPAIN 464286764 1,114 31,549 SH SOLE 31,549
ISHARES INC MSCI GERMAN 464286806 1,526 81,933 SH SOLE 81,933
ISHARES INC MSCI NETHERLND 464286814 1,104 59,958 SH SOLE 59,958
ISHARES INC MSCI JAPAN 464286848 5,106 467,581 SH SOLE 467,581
ISHARES INC MSCI ITALY 464286855 950 37,121 SH SOLE 37,121
ISHARES INC MSCI HONG KONG 464286871 814 67,290 SH SOLE 67,290
JDS UNIPHASE CORP COM 46612J101 9,998 3,153,950 SH SOLE 3,153,950
KIMCO REALTY CORP COM 49446R109 11,643 200,784 SH SOLE 200,784
LUCENT TECHNOLOGIES INC COM 549463107 14,273 3,795,916 SH SOLE 3,795,916
MACERICH CO COM 554382101 20,711 329,787 SH SOLE 329,787
MANOR CARE INC NEW COM 564055101 9,201 259,684 SH SOLE 259,684
MEDIMMUNE INC COM 584699102 9,654 356,090 SH SOLE 356,090
MERISTAR HOSPITALITY CORP COM 58984Y103 14,975 1,793,374 SH SOLE 1,793,374
MONSANTO CO NEW COM 61166W101 9,308 167,553 SH SOLE 167,553
NAVISTAR INTL CORP NEW COM 63934E108 9,496 215,914 SH SOLE 215,914
NEW YORK CMNTY BANCORP INC COM 649445103 9,514 462,535 SH SOLE 462,535
PARAMETRIC TECHNOLOGY CORP COM 699173100 11,120 1,887,993 SH SOLE 1,887,993
PERFORMANCE FOOD GROUP CO COM 713755106 4,781 177,656 SH SOLE 177,656
PROLOGIS SH BEN INT 743410102 12,757 294,417 SH SOLE 294,417
PUBLIC STORAGE INC COM 74460D109 543 9,748 SH SOLE 9,748
RECKSON ASSOCS RLTY CORP COM 75621K106 9,966 303,757 SH SOLE 303,757
REGENCY CTRS CORP COM 758849103 10,512 189,739 SH SOLE 189,739
REVLON INC CL A 761525500 8,519 3,703,996 SH SOLE 3,703,996
SANDISK CORP COM 80004C101 6,252 250,400 SH SOLE 250,400
SHURGARD STORAGE CTRS INC COM 82567D104 13,809 313,780 SH SOLE 313,780
SIMON PPTY GROUP INC NEW COM 828806109 19,726 305,025 SH SOLE 305,025
SL GREEN RLTY CORP COM 78440X101 11,457 189,214 SH SOLE 189,214
STATE STR CORP COM 857477103 9,164 186,559 SH SOLE 186,559
TELLABS INC COM 879664100 9,024 1,050,476 SH SOLE 1,050,476
TIMKEN CO COM 887389104 8,441 324,417 SH SOLE 324,417
TRINITY INDS INC COM 896522109 8,937 262,250 SH SOLE 262,250
TYCO INTL LTD NEW COM 902124106 9,421 263,611 SH SOLE 263,611
UNION PAC CORP COM 907818108 9,163 136,249 SH SOLE 136,249
UNITED DOMINION REALTY TR IN COM 910197102 11,703 471,892 SH SOLE 471,892
UNOVA INC COM 91529B106 14,387 568,895 SH SOLE 568,895
VICOR CORP COM 925815102 6,130 467,567 SH SOLE 467,567
VORNADO RLTY TR SH BEN INT 929042109 15,275 200,643 SH SOLE 200,643
WACHOVIA CORP 2ND NEW COM 929903102 8,008 152,245 SH SOLE 152,245
WELLS FARGO & CO NEW COM 949746101 8,745 140,715 SH SOLE 140,715
WILLIAMS COS INC DEL COM 969457100 13,470 826,877 SH SOLE 826,877
CANADIAN OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS
ABB Ltd COM 000375204 1,358 240,000 SH SOLE 240,000
Agco Corp COM 001084102 1,462 66,800 SH SOLE 66,800
ATI Technologies Inc COM 001941103 347 17,900 SH SOLE 17,900
Abbot Laboratories COM 002824100 289 6,200 SH SOLE 6,200
Aber Diamond Corporation COM 002893105 516 14,600 SH SOLE 14,600
Agrium Inc COM 008916108 354 21,000 SH SOLE 21,000
Ajinomoto COM 009707100 1,348 11,500 SH SOLE 11,500
Electrolux AB COM 010198208 2,920 63,300 SH SOLE 63,300
Alcan Inc COM 013716105 10,544 215,175 SH SOLE 215,175
Alcoa Inc COM 013817101 421 13,400 SH SOLE 13,400
Alliance Atlantis Comm Inc COM 01853E204 442 16,200 SH SOLE 16,200
Allstate Corp COM 020002101 2,110 40,800 SH SOLE 40,800
Altria Group COM 02209S103 1,680 27,500 SH SOLE 27,500
Ameritrade Holding Corp COM 03074K100 54 3,800 SH SOLE 3,800
Amvescap PLC COM 03235E100 791 63,000 SH SOLE 63,000
Anglo American PLC COM 03485P102 90 3,800 SH SOLE 3,800
Angiotech Pharmaceuticals Inc COM 034918102 515 27,800 SH SOLE 27,800
Apache Corporation COM 037411105 187 3,690 SH SOLE 3,690
Astrazeneca PLC COM 046353108 80 2,200 SH SOLE 2,200
Avery Dennison Corp COM 053611109 1,427 23,800 SH SOLE 23,800
BCE Inc COM 05534B109 13,022 540,342 SH SOLE 540,342
BG Group COM 055434203 69 2,000 SH SOLE 2,000
BP PLC COM 055622104 2,914 49,900 SH SOLE 49,900
Bank of America Corp COM 060505104 1,580 33,620 SH SOLE 33,620
Bank of Montreal COM 063671101 8,386 174,217 SH SOLE 174,217
Bank of Nova Scotia COM 064149107 12,329 363,520 SH SOLE 363,520
Barclays PLC COM 06738E204 1,635 35,800 SH SOLE 35,800
Barrick Gold Corp COM 067901108 7,219 298,700 SH SOLE 298,700
Beckman Coulter Inc COM 075811109 757 11,300 SH SOLE 11,300
Bema Gold Corp COM 08135F107 163 53,300 SH SOLE 53,300
Boston Scientific COM 101137107 210 5,900 SH SOLE 5,900
Bowater Inc COM 102183100 180 4,100 SH SOLE 4,100
Brascan Corporation COM 10549P606 128 3,550 SH SOLE 3,550
Brasil Telecom Part SA COM 105530109 53 1,400 SH SOLE 1,400
Burlington North Santa Fe COM 12189T104 885 18,700 SH SOLE 18,700
CAE Inc COM 124765108 398 94,500 SH SOLE 94,500
CHC Helicopter Corp COM 12541C203 132 3,100 SH SOLE 3,100
Cameco Corp COM 13321L108 283 8,100 SH SOLE 8,100
Cdn Imp Bank of Commerce COM 136069101 6,338 105,290 SH SOLE 105,290
Cdn National Railways COM 136375102 9,527 156,460 SH SOLE 156,460
Canadian Nat Resources Ltd COM 136385101 1,025 24,000 SH SOLE 24,000
Canadian Pacific Railway Co COM 13645T100 7,898 230,588 SH SOLE 230,588
Canon Inc COM 138006309 2,941 54,200 SH SOLE 54,200
Caremark Rx Inc COM 141705103 197 5,000 SH SOLE 5,000
Carnival Corp COM 143658300 813 14,100 SH SOLE 14,100
Celestica Inc COM 15101Q108 63 4,500 SH SOLE 4,500
Citigroup Inc COM 172967101 4,649 96,500 SH SOLE 96,500
Clear Channel Comm COM 184502102 181 5,400 SH SOLE 5,400
Cognos Inc COM 19244C109 414 9,400 SH SOLE 9,400
Colgate Palmolive COM 194162103 2,318 45,300 SH SOLE 45,300
Cia De Minas Buenaventur COM 204448104 176 7,700 SH SOLE 7,700
ConocoPhillips Inc COM 20825C104 104 1,200 SH SOLE 1,200
Cott Corp COM 22163N106 297 12,000 SH SOLE 12,000
CP Ships Ltd COM 22409V102 4,290 299,500 SH SOLE 299,500
Diageo PLC COM 25243Q205 2,923 50,500 SH SOLE 50,500
Domtar Inc. COM 257561100 5,579 461,700 SH SOLE 461,700
Draxis Health Inc COM 26150J101 421 84,800 SH SOLE 84,800
Duke Energy Corporation COM 264399106 3,534 139,500 SH SOLE 139,500
E ON AG COM 268780103 2,839 31,200 SH SOLE 31,200
E*Trade Financial Corp COM 269246104 54 3,600 SH SOLE 3,600
Embraer Empresa Brasileira COM 29081M102 100 3,000 SH SOLE 3,000
EnCana Corporation COM 292505104 13,683 240,061 SH SOLE 240,061
Enbridge Inc COM 29250N105 2,408 48,400 SH SOLE 48,400
Extendicare Inc COM 30224T871 188 14,600 SH SOLE 14,600
Fairmont Hotels COM 305204109 221 6,400 SH SOLE 6,400
Federal National Mtge Assoc COM 313586109 769 10,800 SH SOLE 10,800
First Data Corp COM 319963104 1,505 35,374 SH SOLE 35,374
Firstservice Corporation COM 33761N109 160 9,800 SH SOLE 9,800
Fluor Corporation COM 343412102 2,546 46,700 SH SOLE 46,700
Franklin Resources Inc COM 354613101 125 1,800 SH SOLE 1,800
Freeport McMoran Copper COM 35671D857 432 11,300 SH SOLE 11,300
Freescale Semiconductor - B COM 35687M206 92 5,023 SH SOLE 5,023
GSI Lumonics Inc COM 36229U102 105 9,200 SH SOLE 9,200
General Elec Co COM 369604103 869 23,800 SH SOLE 23,800
Gildan Activewear Inc COM 375916103 700 20,600 SH SOLE 20,600
Glamis Gold COM 376775102 315 18,400 SH SOLE 18,400
Glaxosmithkline Plc COM 37733W105 4,583 96,700 SH SOLE 96,700
Gold Fields Ltd COM 38059T106 1,664 133,300 SH SOLE 133,300
Goldcorp Inc COM 380956409 167 11,100 SH SOLE 11,100
Group CGI COM 39945C109 4,012 601,800 SH SOLE 601,800
HSBC Holdings Plc COM 404280406 1,498 17,600 SH SOLE 17,600
Halliburton Co COM 406216101 114 2,900 SH SOLE 2,900
HBOS PLC COM 42205M106 3,269 65,700 SH SOLE 65,700
Hewlett Packard Co COM 428236103 935 44,600 SH SOLE 44,600
Honeywell International Inc COM 438516106 2,057 58,100 SH SOLE 58,100
Hydrogenics Corporation COM 448882100 113 23,700 SH SOLE 23,700
Imperial Oil Ltd COM 453038408 4,322 72,900 SH SOLE 72,900
Inco Ltd COM 453258402 1,181 32,200 SH SOLE 32,200
ING Groep NV COM 456837103 1,634 54,000 SH SOLE 54,000
Intel Corp COM 458140100 220 9,400 SH SOLE 9,400
Ishares COM 464286608 764 10,500 SH SOLE 10,500
Ishares COM 464286665 1,028 11,400 SH SOLE 11,400
Ishares COM 464286699 1,737 96,000 SH SOLE 96,000
Ishares COM 464286707 2,338 97,500 SH SOLE 97,500
Ishares COM 464286806 494 26,500 SH SOLE 26,500
Ishares COM 464286822 956 38,000 SH SOLE 38,000
Ishares COM 464286848 6,869 629,000 SH SOLE 629,000
Ishares Tr COM 464287465 187,130 1,167,741 SH SOLE 1,167,741
Johnson & Johnson COM 478160104 1,463 23,074 SH SOLE 23,074
Johnson Matthey PLC COM 479142309 2,145 56,000 SH SOLE 56,000
Kohls Corporation COM 500255104 103 2,100 SH SOLE 2,100
Kyocera Corporation COM 501556203 192 2,500 SH SOLE 2,500
Estee Lauder COM 518439104 96 2,100 SH SOLE 2,100
Leitch Technology Corp COM 52543H107 127 17,000 SH SOLE 17,000
Lilly (Eli) and Co COM 532457108 159 2,800 SH SOLE 2,800
MDS Inc COM 55269P302 5,839 415,100 SH SOLE 415,100
Magna International Inc COM 559222401 6,341 77,200 SH SOLE 77,200
Manulife Financial Corp COM 56501R$AA 196 4,242 SH SOLE 4,242
Manulife Financial Corp COM 56501R106 11,897 257,700 SH SOLE 257,700
Masonite International Corp COM 575384102 406 11,800 SH SOLE 11,800
Matsushita Electric Ind. Co COM 576879209 120 7,500 SH SOLE 7,500
Meridian Gold Inc COM 589975101 222 11,700 SH SOLE 11,700
Methanex Corp COM 59151K108 121 6,600 SH SOLE 6,600
Microsoft Corp COM 594918104 2,070 77,482 SH SOLE 77,482
Morgan Stanley Co COM 617446448 2,321 41,800 SH SOLE 41,800
Motorola Inc COM 620076109 783 45,500 SH SOLE 45,500
Nasdaq 100 COM 631100104 10,659 267,000 SH SOLE 267,000
National Grid Transco PLC COM 636274102 2,798 58,300 SH SOLE 58,300
Neurochem Inc COM 64125K101 295 16,700 SH SOLE 16,700
New York Times Co COM 650111107 122 3,000 SH SOLE 3,000
Nippon Tel & Tel Co COM 654624105 3,416 151,500 SH SOLE 151,500
Nomura Holdings Inc COM 65535H208 2,781 191,000 SH SOLE 191,000
Noranda Inc COM 655422103 935 53,300 SH SOLE 53,300
Nortel Networks Corp COM 656568102 3,517 1,014,400 SH SOLE 1,014,400
Nova Chemicals Corp COM 66977W109 463 9,800 SH SOLE 9,800
Novartis AG COM 66987V109 1,612 31,900 SH SOLE 31,900
Oracle Systems Corp COM 68389X105 126 9,156 SH SOLE 9,156
Pearson Plc COM 705015105 85 7,000 SH SOLE 7,000
Pepsico Inc COM 713448108 188 3,600 SH SOLE 3,600
Petro Canada Limited COM 71644E102 714 14,000 SH SOLE 14,000
Petsmart Inc COM 716768106 128 3,600 SH SOLE 3,600
Pfizer Inc COM 717081103 4,811 178,912 SH SOLE 178,912
Phelps Dodge Corp COM 717265102 504 5,100 SH SOLE 5,100
Placer Dome Inc COM 725906101 8,227 437,200 SH SOLE 437,200
Potash Corp of Sask Inc COM 73755L107 723 8,700 SH SOLE 8,700
Precision Drilling Corp COM 74022D100 755 12,000 SH SOLE 12,000
Prudential Financial Inc COM 744320102 3,177 57,800 SH SOLE 57,800
QLT Inc COM 746927102 471 29,400 SH SOLE 29,400
Quebecor World Inc COM 748203106 1,954 90,900 SH SOLE 90,900
Reed Elsevier NV COM 758204101 1,466 53,400 SH SOLE 53,400
Research In Motion COM 760975$US 503 6,100 SH SOLE 6,100
Research In Motion COM 760975102 1,548 18,800 SH SOLE 18,800
Rexam plc COM 761655406 1,420 31,200 SH SOLE 31,200
Rogers Communication Class B COM 775109200 309 11,800 SH SOLE 11,800
Rogers Wireless Communications COM 775315104 118 2,600 SH SOLE 2,600
Royal Bank of Canada COM 780087102 13,825 258,204 SH SOLE 258,204
SBC Communications COM 78387G103 3,863 149,900 SH SOLE 149,900
SPDR Trust COM 78462F103 351,386 2,907,143 SH SOLE 2,907,143
Schlumberger Ltd COM 806857108 228 3,400 SH SOLE 3,400
Select Sector SPDR COM 81369Y209 2,092 69,300 SH SOLE 69,300
Select Sector SPDR COM 81369Y506 2,118 58,500 SH SOLE 58,500
Siemens AG COM 826197501 2,227 26,300 SH SOLE 26,300
Smurfit Stone Container COM 832727101 75 4,000 SH SOLE 4,000
Statoil ASA COM 85771P102 919 57,900 SH SOLE 57,900
Sun Life Financial Inc COM 866796105 505 15,100 SH SOLE 15,100
Suncor Energy Inc COM 867229106 1,579 44,700 SH SOLE 44,700
Superior Industries Int'l COM 868168105 1,002 34,500 SH SOLE 34,500
TLC Vision Corp COM 872549100 183 17,400 SH SOLE 17,400
Talisman Energy Inc COM 87425E103 1,661 61,600 SH SOLE 61,600
Telefonos de Mexico S A de C V COM 879403780 805 21,000 SH SOLE 21,000
Telus Corp COM 87971M202 1,257 43,410 SH SOLE 43,410
Tesco Corp COM 88157K101 258 23,800 SH SOLE 23,800
Thomson Corp COM 884903105 902 25,600 SH SOLE 25,600
3M Company COM 88579Y101 98 1,200 SH SOLE 1,200
Timberland Company COM 887100105 639 10,200 SH SOLE 10,200
Time Warner Inc COM 887317105 861 44,300 SH SOLE 44,300
Tomkins PLC COM 890030208 2,026 102,400 SH SOLE 102,400
Toronto Dominion Bank COM 891160509 5,225 125,600 SH SOLE 125,600
Total SA COM 89151E109 99 900 SH SOLE 900
Toyota Motor Corporation COM 892331307 3,070 37,500 SH SOLE 37,500
TransAlta Corp COM 89346D107 3,333 221,600 SH SOLE 221,600
TransCanada Corp COM 89353D107 10,118 407,425 SH SOLE 407,425
Tyco Intl Ltd COM 902124106 3,006 84,100 SH SOLE 84,100
United Technologies Corp COM 913017109 2,956 28,600 SH SOLE 28,600
UPM Kymmene Corporation COM 915436109 2,076 93,000 SH SOLE 93,000
Valero Energy Corp COM 91913Y100 1,489 32,800 SH SOLE 32,800
Vasogen Inc COM 92232F103 368 72,400 SH SOLE 72,400
Verizon Comm COM 92343V104 2,066 51,000 SH SOLE 51,000
Viacom Inc COM 925524308 3,468 95,300 SH SOLE 95,300
Vodafone Group Plc COM 92857W100 274 10,000 SH SOLE 10,000
Volvo AB COM 928856400 1,386 35,000 SH SOLE 35,000
WPP Group PLC COM 929309300 164 3,000 SH SOLE 3,000
Wendys International Inc COM 950590109 2,348 59,800 SH SOLE 59,800
Wyeth COM 983024100 3,181 74,700 SH SOLE 74,700
Yamana Gold Inc COM 98462Y100 47 15,500 SH SOLE 15,500
Deutsche Bank AG COM D18190898 1,122 12,600 SH SOLE 12,600
Transocean Inc COM G90078109 237 5,600 SH SOLE 5,600
UBS AG COM H8920M855 1,719 20,500 SH SOLE 20,500
Check Point Software Tech Ltd COM M22465104 1,660 67,400 SH SOLE 67,400
ASML Holding NV COM N07059111 143 9,000 SH SOLE 9,000
1,658,207