UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2006
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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 Financial Inc.
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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: James M. A. Anderson
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Title: Executive Vice-President and Chief Investment Officer
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Phone:
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Signature, Place, and Date of Signing:
/s/ James M. A. Anderson Ontario, Canada 8-14-2006
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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: 299
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Form 13F Information Table Value Total: $ 2,120,177
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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 - JUNE 30, 2006
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
ABBOTT LABS COM 002824100 4,832 110,802 SH SOLE 110,802
ALBERTO CULVER CO COM 013068101 5,179 106,302 SH SOLE 106,302
ALEXANDRIA REAL ESTATE
EQ IN COM 015271109 16,862 190,144 SH SOLE 190,144
ALLSTATE CORP COM 020002101 4,960 90,618 SH SOLE 90,618
ALTRIA GROUP INC COM 02209S103 6,352 86,501 SH SOLE 86,501
AMERICAN EXPRESS CO COM 025816109 7,145 134,245 SH SOLE 134,245
ANHEUSER BUSCH COS INC COM 035229103 5,404 118,544 SH SOLE 118,544
APPLE COMPUTER INC COM 037833100 4,693 81,952 SH SOLE 81,952
APPLIED MATLS INC COM 038222105 4,780 293,584 SH SOLE 293,584
ARCHSTONE SMITH TR COM 039583109 15,187 298,548 SH SOLE 298,548
AVALONBAY CMNTYS INC COM 053484101 10,738 97,068 SH SOLE 97,068
BANK OF AMERICA
CORPORATION COM 060505104 10,386 215,933 SH SOLE 215,933
BAXTER INTL INC COM 071813109 4,705 128,000 SH SOLE 128,000
BIOGEN IDEC INC COM 09062X103 4,992 107,772 SH SOLE 107,772
BOEING CO COM 097023105 5,578 68,100 SH SOLE 68,100
BOOKHAM INC COM 09856E105 3,202 953,080 SH SOLE 953,080
BP PLC SPONSORED ADR 055622104 10,337 148,500 SH SOLE 148,500
BRE PROPERTIES INC CL A 05564E106 17,524 318,618 SH SOLE 318,618
BRISTOL MYERS SQUIBB CO COM 110122108 4,931 190,690 SH SOLE 190,690
CAPITALSOURCE INC COM 14055X102 16,739 713,498 SH SOLE 713,498
CHEVRON CORP NEW COM 166764100 11,022 177,603 SH SOLE 177,603
CISCO SYS INC COM 17275R102 5,613 287,426 SH SOLE 287,426
CITIGROUP INC COM 172967101 11,090 229,850 SH SOLE 229,850
COCA COLA CO COM 191216100 4,685 108,900 SH SOLE 108,900
COMCAST CORP NEW CL A 20030N101 5,597 170,950 SH SOLE 170,950
CONOCOPHILLIPS COM 20825C104 5,439 83,000 SH SOLE 83,000
DEVELOPERS DIVERSIFIED
RLTY COM 251591103 15,805 302,896 SH SOLE 302,896
DISNEY WALT CO COM DISNEY 254687106 4,178 139,250 SH SOLE 139,250
DOMINION RES INC VA NEW COM 25746U109 4,600 61,500 SH SOLE 61,500
DOW CHEM CO COM 260543103 4,342 111,250 SH SOLE 111,250
DU PONT E I DE
NEMOURS & CO COM 263534109 5,084 122,200 SH SOLE 122,200
DUKE ENERGY CORP COM 26441C105 4,801 163,476 SH SOLE 163,476
E M C CORP MASS COM 268648102 114 10,407 SH SOLE 10,407
EASTGROUP PPTY INC COM 277276101 10,944 234,444 SH SOLE 234,444
EASTMAN KODAK CO COM 277461109 4,208 176,954 SH SOLE 176,954
EBAY INC COM 278642103 4,445 151,742 SH SOLE 151,742
EMERSON ELEC CO COM 291011104 4,874 58,159 SH SOLE 58,159
EQUITY OFFICE PROPERTIES
TRU COM 294741103 14,579 399,314 SH SOLE 399,314
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,214 228,348 SH SOLE 228,348
EXELON CORP COM 30161N101 4,788 84,250 SH SOLE 84,250
EXXON MOBIL CORP COM 30231G102 17,451 284,453 SH SOLE 284,453
FEDERAL HOME LN MTG CORP COM 313400301 4,726 82,890 SH SOLE 82,890
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 436 6,230 SH SOLE 6,230
FEDERATED DEPT STORES
INC DE COM 31410H101 4,934 134,800 SH SOLE 134,800
FINISAR COM 31787A101 4,453 1,361,840 SH SOLE 1,361,840
GENENTECH INC COM NEW 368710406 4,915 60,080 SH SOLE 60,080
GENERAL ELECTRIC CO COM 369604103 21,076 639,454 SH SOLE 639,454
GOLDMAN SACHS GROUP INC COM 38141G104 6,373 42,366 SH SOLE 42,366
GOOGLE INC CL A 38259P508 5,195 12,388 SH SOLE 12,388
HCA INC COM 404119109 4,703 109,000 SH SOLE 109,000
HEWLETT PACKARD CO COM 428236103 6,022 190,090 SH SOLE 190,090
HIGHWOODS PPTYS INC COM 431284108 8,724 241,128 SH SOLE 241,128
HILTON HOTELS CORP COM 432848109 7,216 255,166 SH SOLE 255,166
HONEYWELL INTL INC COM 438516106 4,693 116,450 SH SOLE 116,450
HOST MARRIOTT CORP NEW COM 44107P104 11,097 507,422 SH SOLE 507,422
INTERNATIONAL BUSINESS
MACHS COM 459200101 5,550 72,250 SH SOLE 72,250
INTL PAPER CO COM 460146103 4,587 142,000 SH SOLE 142,000
ISHARES INC MSCI BELGIUM 464286301 279 12,969 SH SOLE 12,969
ISHARES INC MSCI SINGAPORE 464286673 297 33,739 SH SOLE 33,739
ISHARES INC MSCI HONG KONG 464286871 910 67,290 SH SOLE 67,290
ISHARES INC MSCI ITALY 464286855 1,086 37,121 SH SOLE 37,121
ISHARES INC MSCI SWEDEN 464286756 1,272 50,258 SH SOLE 50,258
ISHARES INC MSCI SPAIN 464286764 1,335 31,549 SH SOLE 31,549
ISHARES INC MSCI NETHERLND 464286814 1,352 59,958 SH SOLE 59,958
ISHARES INC MSCI AUSTRALIA 464286103 1,525 73,498 SH SOLE 73,498
ISHARES INC MSCI GERMAN 464286806 1,880 81,933 SH SOLE 81,933
ISHARES INC MSCI SWITZERLD 464286749 1,943 91,331 SH SOLE 91,331
ISHARES INC MSCI FRANCE 464286707 2,567 85,725 SH SOLE 85,725
ISHARES INC MSCI JAPAN 464286848 6,378 467,581 SH SOLE 467,581
ISHARES INC MSCI UTD KINGD 464286699 7,146 339,492 SH SOLE 339,492
ISTAR FINL INC COM 45031U101 11,116 294,451 SH SOLE 294,451
JDS UNIPHASE CORP COM 46612J101 3,154 1,246,527 SH SOLE 1,246,527
JOHNSON & JOHNSON COM 478160104 7,590 126,675 SH SOLE 126,675
JP MORGAN CHASE & CO COM 46625H100 10,332 246,000 SH SOLE 246,000
JUNIPER NETWORKS INC COM 48203R104 158 9,900 SH SOLE 9,900
KIMBERLY CLARK CORP COM 494368103 5,206 84,376 SH SOLE 84,376
KIMCO REALTY CORP COM 49446R109 14,101 386,424 SH SOLE 386,424
LEAPFROG ENTERPRISES INC CL A 52186N106 4,763 471,600 SH SOLE 471,600
LILLY ELI & CO COM 532457108 5,120 92,635 SH SOLE 92,635
LOWES COS INC COM 548661107 4,629 76,300 SH SOLE 76,300
MACERICH CO COM 554382101 17,674 251,766 SH SOLE 251,766
MEDICAL PPTYS TRUST INC COM 58463J304 13,001 1,177,628 SH SOLE 1,177,628
MERCK & CO INC COM 589331107 5,142 141,150 SH SOLE 141,150
MERRILL LYNCH & CO INC COM 590188108 5,478 78,757 SH SOLE 78,757
METLIFE INC COM 59156R108 4,786 93,460 SH SOLE 93,460
MOTOROLA INC COM 620076109 4,633 229,932 SH SOLE 229,932
MRV COMMUNICATIONS INC COM 553477100 9,294 2,988,402 SH SOLE 2,988,402
NAUTILUS INC COM 63910B102 4,715 300,150 SH SOLE 300,150
NEW YORK CMNTY
BANCORP INC COM 649445103 18,409 1,115,047 SH SOLE 1,115,047
ORACLE CORP COM 68389X105 5,719 394,700 SH SOLE 394,700
PENNSYLVANIA RL
ESTATE INVT SH BEN INT 709102107 10,587 262,241 SH SOLE 262,241
PEPSICO INC COM 713448108 5,021 83,629 SH SOLE 83,629
PROLOGIS SH BEN INT 743410102 13,256 254,332 SH SOLE 254,332
PRUDENTIAL FINL INC COM 744320102 9,584 123,343 SH SOLE 123,343
PUBLIC STORAGE INC COM 74460D109 977 12,878 SH SOLE 12,878
QUALCOMM INC COM 747525103 4,083 101,900 SH SOLE 101,900
RAYTHEON CO COM NEW 755111507 4,998 112,133 SH SOLE 112,133
RECKSON ASSOCS RLTY CORP COM 75621K106 13,428 324,510 SH SOLE 324,510
REGENCY CTRS CORP COM 758849103 11,027 177,424 SH SOLE 177,424
SCHERING PLOUGH CORP COM 806605101 5,018 263,680 SH SOLE 263,680
SHURGARD STORAGE CTRS INC COM 82567D104 9,003 144,048 SH SOLE 144,048
SIMON PPTY GROUP INC NEW COM 828806109 16,911 203,891 SH SOLE 203,891
SL GREEN RLTY CORP COM 78440X101 15,772 144,077 SH SOLE 144,077
SPDR TR UNIT SER 1 78462F103 509 4,000 SH SOLE 4,000
SYMANTEC CORP COM 871503108 4,879 313,983 SH SOLE 313,983
TEXAS INSTRS INC COM 882508104 4,753 156,900 SH SOLE 156,900
TIME WARNER INC COM 887317105 5,610 324,250 SH SOLE 324,250
TYCO INTL LTD NEW COM 902124106 5,265 191,450 SH SOLE 191,450
UNITED PARCEL SERVICE INC CL B 911312106 5,471 66,450 SH SOLE 66,450
UNITED TECHNOLOGIES CORP COM 913017109 5,403 85,200 SH SOLE 85,200
VERIZON COMMUNICATIONS COM 92343V104 15,649 467,275 SH SOLE 467,275
VIACOM INC NEW CL B 92553P201 4,558 127,190 SH SOLE 127,190
VORNADO RLTY TR SH BEN INT 929042109 16,834 172,572 SH SOLE 172,572
WACHOVIA CORP 2ND NEW COM 929903102 7,306 135,101 SH SOLE 135,101
WAL MART STORES INC COM 931142103 5,032 104,464 SH SOLE 104,464
WALGREEN CO COM 931422109 4,996 111,410 SH SOLE 111,410
WELLPOINT INC COM 94973V107 4,853 66,690 SH SOLE 66,690
WELLS FARGO & CO NEW COM 949746101 10,386 154,826 SH SOLE 154,826
WYETH COM 983024100 4,806 108,225 SH SOLE 108,225
CANADIAN OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS
Agco Corp COM 001084102 2,453 93,200 SH SOLE 93,200
ATI Technologies Inc COM 001941103 617 42,500 SH SOLE 42,500
AT&T Inc COM 00206R102 5,578 200,000 SH SOLE 200,000
Abbot Laboratories COM 002824100 48 1,100 SH SOLE 1,100
Aber Diamond Corporation COM 002893105 481 15,701 SH SOLE 15,701
Abitibi-Consolidated Inc COM 003924107 366 135,700 SH SOLE 135,700
Agnico-Eagle Mines Ltd COM 008474108 477 14,400 SH SOLE 14,400
Agrium Inc COM 008916108 464 20,000 SH SOLE 20,000
Alcan Inc COM 013716105 11,455 244,675 SH SOLE 244,675
Alcoa Inc COM 013817101 2,854 88,200 SH SOLE 88,200
Alliance Atlantis
Comm Inc COM 01853E204 223 7,600 SH SOLE 7,600
Allied Irish Banks plc COM 019228402 4,449 92,000 SH SOLE 92,000
Altria Group COM 02209S103 3,642 49,600 SH SOLE 49,600
American Express Co COM 025816109 213 4,000 SH SOLE 4,000
American International
Group COM 026874107 4,376 74,100 SH SOLE 74,100
American Standard
Companies COM 029712106 37 850 SH SOLE 850
Angiotech
Pharmaceuticals Inc COM 034918102 340 29,200 SH SOLE 29,200
Apache Corporation COM 037411105 990 14,500 SH SOLE 14,500
Asahi Glass Co Ltd COM 043393206 1,858 14,600 SH SOLE 14,600
Aspreva Pharmaceuticals COM 04538T109 251 9,256 SH SOLE 9,256
Avery Dennison Corp COM 053611109 1,753 30,200 SH SOLE 30,200
BCE Inc COM 05534B109 15,572 659,302 SH SOLE 659,302
BP PLC COM 055622104 3,515 50,500 SH SOLE 50,500
Bank of America Corp COM 060505104 135 2,800 SH SOLE 2,800
Bank of Montreal COM 063671101 7,061 131,307 SH SOLE 131,307
Bank of Nova Scotia COM 064149107 13,730 346,786 SH SOLE 346,786
Barclays PLC COM 06738E204 2,696 58,900 SH SOLE 58,900
Barrick Gold Corp COM 067901108 12,928 437,937 SH SOLE 437,937
Biovail Corp COM 09067J109 201 8,600 SH SOLE 8,600
Boston Scientific COM 101137107 7,391 438,900 SH SOLE 438,900
Brookfield Asset Mgmt COM 112585104 374 9,300 SH SOLE 9,300
Brookfield Properties COM 112900105 292 9,220 SH SOLE 9,220
Burlington North Santa Fe COM 12189T104 1,791 22,600 SH SOLE 22,600
CAE Inc COM 124765108 126 16,500 SH SOLE 16,500
CHC Helicopter Corp COM 12541C203 246 10,280 SH SOLE 10,280
CIT Group Inc COM 125581108 94 1,800 SH SOLE 1,800
CVS Corp COM 126650100 101 3,300 SH SOLE 3,300
Cameco Corp COM 13321L108 541 13,600 SH SOLE 13,600
Cdn Imp Bank of Commerce COM 136069101 12,590 188,224 SH SOLE 188,224
Cdn National Railways COM 136375102 11,829 270,953 SH SOLE 270,953
Canadian Nat Resources
Ltd COM 136385101 1,766 31,960 SH SOLE 31,960
Canadian Pacific Railway COM 13645T100 6,557 128,688 SH SOLE 128,688
Canon Inc COM 138006309 3,165 43,200 SH SOLE 43,200
Capital One Fin Corp COM 14040H105 34 400 SH SOLE 400
Cardiome Phara
Corporation COM 14159U202 493 55,700 SH SOLE 55,700
Caterpillar Inc COM 149123101 186 2,500 SH SOLE 2,500
Cendant Corp COM 151313103 49 3,000 SH SOLE 3,000
Charles River Labs Int COM 159864107 228 6,200 SH SOLE 6,200
Chevron Corp COM 166764100 62 1,000 SH SOLE 1,000
Cisco Systems COM 17275R102 74 3,800 SH SOLE 3,800
Citigroup Inc COM 172967101 4,419 91,600 SH SOLE 91,600
Clear Channel Comm COM 184502102 885 28,600 SH SOLE 28,600
Colgate Palmolive COM 194162103 2,755 46,000 SH SOLE 46,000
Corus Entertainment COM 220874101 195 6,000 SH SOLE 6,000
Curtiss-Wright Corp COM 231561101 216 7,000 SH SOLE 7,000
Datamirror Corporation COM 237926100 108 11,250 SH SOLE 11,250
John Deere & Co. COM 244199105 167 2,000 SH SOLE 2,000
Diageo PLC COM 25243Q205 5,586 82,700 SH SOLE 82,700
Domtar Inc. COM 257561100 2,429 393,690 SH SOLE 393,690
Draxis Health Inc COM 26150J101 104 23,400 SH SOLE 23,400
Duke Energy Corporation COM 26441C105 5,504 187,400 SH SOLE 187,400
Eldorado Gold Corp COM 284902103 460 94,800 SH SOLE 94,800
EnCana Corporation COM 292505104 22,500 427,522 SH SOLE 427,522
Enbridge Inc COM 29250N105 4,194 137,900 SH SOLE 137,900
Exelon Corp COM 30161N101 3,529 62,100 SH SOLE 62,100
Extendicare Inc COM 30224T871 126 5,600 SH SOLE 5,600
Exxon Mobil Corp COM 30231G102 184 3,000 SH SOLE 3,000
Fairfax Financial COM 303901102 249 2,623 SH SOLE 2,623
Falconbridge Ltd COM 306104100 2,097 39,830 SH SOLE 39,830
Federal National Mtge
Assoc COM 313586109 770 16,000 SH SOLE 16,000
First Data Corp COM 319963104 54 1,200 SH SOLE 1,200
Fiserv Inc COM 337738108 61 1,350 SH SOLE 1,350
France Telecom
SA-Spons ADR COM 35177Q105 3,412 156,100 SH SOLE 156,100
General Elec Co COM 369604103 17,459 529,700 SH SOLE 529,700
Gildan Activewear Inc COM 375916103 510 10,800 SH SOLE 10,800
Glamis Gold COM 376775102 589 15,532 SH SOLE 15,532
Glaxosmithkline Plc COM 37733W105 2,706 48,500 SH SOLE 48,500
Gold Fields Ltd COM 38059T106 1,976 86,300 SH SOLE 86,300
Goldcorp Inc COM 380956409 1,254 41,610 SH SOLE 41,610
Group CGI COM 39945C109 4,984 799,800 SH SOLE 799,800
HSBC Holdings Plc COM 404280406 3,543 40,100 SH SOLE 40,100
Halliburton Co COM 406216101 275 3,700 SH SOLE 3,700
Hewlett Packard Co COM 428236103 1,837 58,000 SH SOLE 58,000
Home Depot Inc COM 437076102 179 5,000 SH SOLE 5,000
Honeywell International
Inc COM 438516106 2,797 69,400 SH SOLE 69,400
Hydrogenics Corporation COM 448882100 58 23,700 SH SOLE 23,700
Imperial Oil Ltd COM 453038408 4,305 117,900 SH SOLE 117,900
Inco Ltd COM 453258402 513 7,800 SH SOLE 7,800
Intel Corp COM 458140100 190 10,000 SH SOLE 10,000
I B M Corp COM 459200101 73 950 SH SOLE 950
IPSCO Inc COM 462622101 139 1,450 SH SOLE 1,450
Ishares COM 464286608 838 9,500 SH SOLE 9,500
Ishares COM 464286665 1,234 11,500 SH SOLE 11,500
Ishares COM 464286699 2,758 131,000 SH SOLE 131,000
Ishares COM 464286707 3,309 110,200 SH SOLE 110,200
Ishares COM 464286806 722 31,500 SH SOLE 31,500
Ishares COM 464286822 1,346 36,400 SH SOLE 36,400
Ishares COM 464286848 11,117 815,000 SH SOLE 815,000
Ishares Tr COM 464287465 189,672 2,900,623 SH SOLE 2,900,623
Johnson & Johnson COM 478160104 2,852 47,600 SH SOLE 47,600
Johnson Matthey PLC COM 479142309 2,800 56,000 SH SOLE 56,000
Kellogg Co COM 487836108 77 1,600 SH SOLE 1,600
Kimberly Clark COM 494368103 35 575 SH SOLE 575
Kohls Corporation COM 500255104 41 700 SH SOLE 700
Lilly (Eli) and Co COM 532457108 2,769 50,100 SH SOLE 50,100
Lincoln National Corp COM 534187109 49 870 SH SOLE 870
Lowe's Cos Inc COM 548661107 42 700 SH SOLE 700
MDS Inc COM 55269P302 4,992 274,000 SH SOLE 274,000
MRV Communications Inc COM 553477100 10,087 3,243,307 SH SOLE 3,243,307
Magna International Inc COM 559222401 7,332 102,830 SH SOLE 102,830
Manulife Financial Corp COM 56501R106 14,840 468,620 SH SOLE 468,620
Masco Corp COM 574599106 33 1,100 SH SOLE 1,100
Methanex Corp COM 59151K108 240 11,400 SH SOLE 11,400
Microsoft Corp COM 594918104 3,775 162,000 SH SOLE 162,000
Mitsubishi UFJ Fin Group COM 606822104 1,883 135,000 SH SOLE 135,000
Monro Muffler Brake Inc COM 610236101 195 6,000 SH SOLE 6,000
Monsanto Co COM 61166W101 505 6,000 SH SOLE 6,000
Morgan Stanley Co COM 617446448 1,757 27,800 SH SOLE 27,800
Nasdaq 100 COM 631100104 13,823 357,000 SH SOLE 357,000
Neurochem Inc COM 64125K101 176 16,700 SH SOLE 16,700
New Gold Inc COM 644535106 44 5,000 SH SOLE 5,000
Nexen Inc COM 65334H102 872 15,490 SH SOLE 15,490
Nippon Tel & Tel Co COM 654624105 3,460 141,400 SH SOLE 141,400
Nokia Corp COM 654902204 162 8,000 SH SOLE 8,000
Nomura Holdings Inc COM 65535H208 4,542 241,600 SH SOLE 241,600
Nortel Networks Corp COM 656568102 3,002 1,352,190 SH SOLE 1,352,190
North Am Palladium COM 656912102 153 17,800 SH SOLE 17,800
North Fork Bancorporation COM 659424105 63 2,100 SH SOLE 2,100
Northgate Minerals Corp COM 666416102 161 44,100 SH SOLE 44,100
Nova Chemicals Corp COM 66977W109 6,697 233,300 SH SOLE 233,300
Novartis AG COM 66987V109 3,095 57,400 SH SOLE 57,400
Novelis Inc COM 67000X106 4,348 203,515 SH SOLE 203,515
PDL BioPharma Ic COM 69329Y104 278 15,100 SH SOLE 15,100
Pentair Inc COM 709631105 51 1,500 SH SOLE 1,500
Petro Canada Limited COM 71644E102 2,615 55,140 SH SOLE 55,140
Pfizer Inc COM 717081103 5,886 250,800 SH SOLE 250,800
Potash Corp of Sask Inc COM 73755L107 368 4,300 SH SOLE 4,300
Precision Drilling Trust COM 740215108 306 9,200 SH SOLE 9,200
Procter & Gamble Co COM 742718109 222 4,000 SH SOLE 4,000
Prudential Financial Inc COM 744320102 70 900 SH SOLE 900
Quebecor World Inc COM 748203106 2,105 189,600 SH SOLE 189,600
Reed Elsevier NV COM 758204101 1,860 62,000 SH SOLE 62,000
Research In Motion COM 760975102 1,191 17,100 SH SOLE 17,100
Rexam plc COM 761655406 2,793 57,000 SH SOLE 57,000
Rogers Communication
Class B COM 775109200 539 13,400 SH SOLE 13,400
Royal Bank of Canada COM 780087102 18,267 450,190 SH SOLE 450,190
SPDR Trust COM 78462F103 607,131 4,771,919 SH SOLE 4,771,919
Siemens AG COM 826197501 4,549 52,400 SH SOLE 52,400
Sierra Wireless Inc COM 826516106 200 11,153 SH SOLE 11,153
Statoil ASA COM 85771P102 1,027 36,000 SH SOLE 36,000
Sun Life Financial Inc COM 866796105 1,171 29,500 SH SOLE 29,500
Suncor Energy Inc COM 867229106 3,147 38,911 SH SOLE 38,911
TLC Vision Corp COM 872549100 58 12,800 SH SOLE 12,800
Talisman Energy Inc COM 87425E103 2,213 126,860 SH SOLE 126,860
Telus Corp COM 87971M202 676 16,766 SH SOLE 16,766
Tesco Corp COM 88157K101 189 9,200 SH SOLE 9,200
Thomson Corp COM 884903105 4,090 106,200 SH SOLE 106,200
3M Company COM 88579Y101 4,515 55,900 SH SOLE 55,900
Time Warner Inc COM 887317105 1,730 100,000 SH SOLE 100,000
Tomkins PLC COM 890030208 3,793 176,000 SH SOLE 176,000
Toronto Dominion Bank COM 891160509 9,645 190,063 SH SOLE 190,063
Toyota Motor Corporation COM 892331307 2,688 25,700 SH SOLE 25,700
TransAlta Corp COM 89346D107 3,904 189,100 SH SOLE 189,100
TransCanada Corp COM 89353D107 11,573 405,826 SH SOLE 405,826
TransGlobe Energy
Corporation COM 893662106 83 17,163 SH SOLE 17,163
Tyco Intl Ltd COM 902124106 3,935 143,100 SH SOLE 143,100
United Technologies Corp COM 913017109 2,067 32,600 SH SOLE 32,600
UPM Kymmene Corporation COM 915436109 2,617 121,800 SH SOLE 121,800
Valero Energy Corp COM 91913Y100 439 6,600 SH SOLE 6,600
Verizon Comm COM 92343V104 3,717 111,000 SH SOLE 111,000
Viacom Inc COM 92553P201 2,616 73,000 SH SOLE 73,000
Vodafone Group Plc COM 92857W100 1,661 78,000 SH SOLE 78,000
Volvo AB COM 928856400 2,926 59,700 SH SOLE 59,700
Wal Mart Stores Inc COM 931142103 3,767 78,200 SH SOLE 78,200
Wellpoint Inc COM 94973V107 55 750 SH SOLE 750
Wyeth COM 983024100 2,443 55,000 SH SOLE 55,000
Zimmer Holdings Inc COM 98956P102 57 1,000 SH SOLE 1,000
Deutsche Bank AG COM D18190898 3,791 33,700 SH SOLE 33,700
UBS AG COM H8920M855 1,788 16,300 SH SOLE 16,300
Check Point Software
Tech Ltd COM M22465104 1,253 71,200 SH SOLE 71,200
2,120,177