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, 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 MSH 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: Vice-President, Investments
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Phone: 416-979-6167
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Signature, Place, and Date of Signing:
/s/ Candace Shaw Ontario, Canada 8-15-2003
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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).)
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: $ 1,342,604
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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.
None
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
AMR Corp COM 001765106 362 32,953 SH SOLE 32,953
AOL Time Warner Inc COM 00184A105 6,631 412,146 SH SOLE 412,146
Agere Systems Inc CL B 00845V209 4,440 1,930,325 SH SOLE 1,930,325
Allegheny Energy Inc COM 017361106 6,963 824,056 SH SOLE 824,056
Allmerica Financial Corp COM 019754100 6,618 367,857 SH SOLE 367,857
Allstate Corp COM 020002101 5,136 144,081 SH SOLE 144,081
Amerada Hess Corp COM 023551104 9,136 185,770 SH SOLE 185,770
American International Group COM 026874107 4,494 81,441 SH SOLE 81,441
Anadarko Petroleum Corp COM 032511107 6,614 148,726 SH SOLE 148,726
Annaly Mortgage Management COM 035710409 13,905 698,382 SH SOLE 698,382
Archer Daniels Midland Co COM 039483102 8,313 645,934 SH SOLE 645,934
Archstone-Smith Trust COM 039583109 5,560 231,653 SH SOLE 231,653
Arris Group Inc COM 04269Q100 6,195 1,248,905 SH SOLE 1,248,905
AvalonBay Communities Inc. COM 053484101 6,059 142,091 SH SOLE 142,091
Avaya Inc COM 053499109 2,929 453,470 SH SOLE 453,470
BRE Properties Inc CL A 05564E106 6,022 181,383 SH SOLE 181,383
Bank of America Corp COM 060505104 3,304 41,804 SH SOLE 41,804
Baxter International Inc COM 071813109 8,386 322,523 SH SOLE 322,523
Boeing Company COM 097023105 6,478 188,745 SH SOLE 188,745
Boston Properties Inc COM 101121101 10,129 231,260 SH SOLE 231,260
Bristol-Myers Squibb COM 110122108 7,932 292,165 SH SOLE 292,165
CBL & Associates Properties COM 124830100 6,044 140,557 SH SOLE 140,557
CSG Systems Intl Inc COM 126349109 3,830 267,479 SH SOLE 267,479
Centerpoint Properties Trust SH BEN INT 151895109 5,342 87,217 SH SOLE 87,217
Clean Harbors Inc COM 184496107 3,083 323,551 SH SOLE 323,551
Clear Channel Communications COM 184502102 3,281 77,400 SH SOLE 77,400
Comcast Corp CL A 20030N101 4,360 144,456 SH SOLE 144,456
Concord Communications Inc COM 206186108 6,733 490,376 SH SOLE 490,376
Developers Diversified Realty COM 251591103 4,607 161,999 SH SOLE 161,999
Dillards Inc CL A 254067101 9,592 712,136 SH SOLE 712,136
Walt Disney Co COM DISNEY 254687106 4,716 238,805 SH SOLE 238,805
Duke Realty Corp COM NEW 264411505 5,860 212,718 SH SOLE 212,718
Eastman Kodak Co COM 277461109 2,969 108,557 SH SOLE 108,557
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Engelhard Corp COM 292845104 5,714 230,694 SH SOLE 230,694
Entravision Communication Cl A CL A 29382R107 4,107 361,835 SH SOLE 361,835
Equity Office Properties Trust COM 294741103 3,776 139,804 SH SOLE 139,804
Equity Residential Properties SH BEN INT 29476L107 3,587 138,225 SH SOLE 138,225
Federal Realty Investment Tr SH BEN INT NEW 313747206 5,254 164,192 SH SOLE 164,192
GATX Corporation COM 361448103 5,047 308,707 SH SOLE 308,707
General Electric Company COM 369604103 9,194 320,571 SH SOLE 320,571
General Growth Properties COM 370021107 7,524 120,503 SH SOLE 120,503
HCA Inc COM 404119109 6,410 200,056 SH SOLE 200,056
Haemonetics Corp COM 405024100 1,726 92,300 SH SOLE 92,300
Hain Celestial Group Inc COM 405217100 3,688 230,919 SH SOLE 230,919
Honeywell International COM 438516106 5,733 213,512 SH SOLE 213,512
I-STAT Corp COM 450312103 8,352 946,899 SH SOLE 946,899
Intel Corp COM 458140100 4,818 231,526 SH SOLE 231,526
International Paper Co COM 460146103 5,496 153,823 SH SOLE 153,823
MSCI World Equity Benchmark MSCI AUSTRALIA 464286103 868 78,186 SH SOLE 78,186
MSCI World Equity Benchmark MSCI BELGIUM 464286301 143 12,969 SH SOLE 12,969
MSCI World Equity Benchmark MSCI SINGAPORE 464286673 163 33,739 SH SOLE 33,739
MSCI World Equity Benchmark MSCI UTD KINGD 464286699 4,313 328,487 SH SOLE 328,487
MSCI World Equity Benchmark MSCI FRANCE 464286707 1,456 88,255 SH SOLE 88,255
MSCI World Equity Benchmark MSCI SWITZERLD 464286749 1,076 91,331 SH SOLE 91,331
MSCI World Equity Benchmark MSCI SWEDEN 464286756 584 50,258 SH SOLE 50,258
MSCI World Equity Benchmark MSCI SPAIN 464286764 705 31,549 SH SOLE 31,549
MSCI World Equity Benchmark MSCI GERMAN 464286806 1,102 90,365 SH SOLE 90,365
MSCI World Equity Benchmark MSCI NETHERLND 464286814 792 59,958 SH SOLE 59,958
MSCI World Equity Benchmark MSCI JAPAN 464286848 3,207 441,151 SH SOLE 441,151
MSCI World Equity Benchmark MSCI ITALY 464286855 812 46,695 SH SOLE 46,695
MSCI World Equity Benchmark MSCI HONG KONG 464286871 526 68,712 SH SOLE 68,712
JPMorgan Chase & Co COM 46625H100 3,431 100,368 SH SOLE 100,368
Johnson & Johnson COM 478160104 5,381 104,085 SH SOLE 104,085
Kimco Realty Corp COM 49446R109 5,809 153,262 SH SOLE 153,262
Kroger Co COM 501044101 10,319 618,656 SH SOLE 618,656
Liberty Media Corp COM SER A 530718105 4,728 409,022 SH SOLE 409,022
Lincoln National Corp COM 534187109 3,241 90,950 SH SOLE 90,950
Lucent Technologies Inc COM 549463107 1,308 644,186 SH SOLE 644,186
Macerich Company COM 554382101 5,106 145,337 SH SOLE 145,337
Mack-Cali Realty Corp COM 554489104 6,486 178,292 SH SOLE 178,292
Manor Care Inc COM 564055101 3,641 145,564 SH SOLE 145,564
Merck COM 589331107 4,605 76,059 SH SOLE 76,059
Merrill Lynch & Co Inc COM 590188108 3,305 70,799 SH SOLE 70,799
Microsoft Corp COM 594918104 10,226 398,843 SH SOLE 398,843
Midway Games Inc COM 598148104 3,213 885,251 SH SOLE 885,251
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Parametric Technology Corp COM 699173100 4,852 1,606,540 SH SOLE 1,606,540
Pegasus Communications Corp CL A NEW 705904605 3,711 127,259 SH SOLE 127,259
Pfizer Inc COM 717081103 9,464 277,130 SH SOLE 277,130
Prologis SH BEN INT 743410102 4,888 179,058 SH SOLE 179,058
Prudential Financial Inc COM 744320102 6,619 196,706 SH SOLE 196,706
Raytheon Co COM NEW 755111507 6,181 188,213 SH SOLE 188,213
Reckson Associates Realty Corp COM 75621K106 5,999 287,586 SH SOLE 287,586
Regency Centers Corp COM 758849103 2,776 79,360 SH SOLE 79,360
SBC Communications Inc COM 78387G103 3,260 127,584 SH SOLE 127,584
SL Green Realty Corp COM 78440X101 10,247 293,701 SH SOLE 293,701
Sara Lee COM 803111103 6,477 344,335 SH SOLE 344,335
Shurgard Storage Centers-A COM 82567D104 4,692 141,851 SH SOLE 141,851
Simon Property Group Inc COM 828806109 2,883 73,866 SH SOLE 73,866
Sprint Corp PCS COM SER 1 852061506 3,170 551,368 SH SOLE 551,368
Starwood Hotels & Resorts PAIRED CTF 85590A203 7,710 269,665 SH SOLE 269,665
Thermo Electron Corp COM 883556102 6,640 315,913 SH SOLE 315,913
Unova Inc COM 91529B106 6,930 624,293 SH SOLE 624,293
UnumProvident Corp COM 91529Y106 6,907 515,033 SH SOLE 515,033
Verizon Communications Inc COM 92343V104 3,262 82,699 SH SOLE 82,699
Vicor Corp COM 925815102 4,300 443,257 SH SOLE 443,257
Vornado Realty Trust SH BEN INT 929042109 6,836 156,778 SH SOLE 156,778
Orient Express Hotels Ltd CL A G67743107 1,264 85,702 SH SOLE 85,702
CANADIAN OPERATIONS - AMOUNTS SHOWN ARE IN U.S. DOLLARS
AOL Time Warner Inc COM 00184A105 1,464 90,990 SH SOLE 90,990
ATI Technologies Inc COM 001941103 7,523 561,400 SH SOLE 561,400
AT & T Corp COM 001957505 66 3,450 SH SOLE 3,450
Abbot Laboratories COM 002824100 1,183 27,040 SH SOLE 27,040
Abitibi-Consolidated Inc COM 003924107 91 10,600 SH SOLE 10,600
Agnico-Eagle Mines Ltd COM 008474108 188 12,100 SH SOLE 12,100
Air Products & Chemical Inc COM 009158106 371 8,920 SH SOLE 8,920
Alcan Inc COM 013716105 17,099 407,025 SH SOLE 407,025
Alcoa Inc COM 013817101 529 20,730 SH SOLE 20,730
Alliance Atlantis Comm Inc COM 01853E204 663 34,000 SH SOLE 34,000
Allstate Corp COM 020002101 3,134 87,910 SH SOLE 87,910
Altria Group COM 02209S103 1,592 35,031 SH SOLE 35,031
America Movil COM 02364W105 116 6,200 SH SOLE 6,200
American Express Co COM 025816109 268 6,410 SH SOLE 6,410
AmerisourceBergen Corporation COM 03073E105 166 2,400 SH SOLE 2,400
Amgen Inc COM 031162100 1,047 15,880 SH SOLE 15,880
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Amvescap PLC COM 03235E100 49 3,500 SH SOLE 3,500
Analog Devices COM 032654105 615 17,670 SH SOLE 17,670
Apache Corporation COM 037411105 555 8,530 SH SOLE 8,530
Apollo Group Inc COM 037604105 127 2,060 SH SOLE 2,060
Apple Computer Inc COM 037833100 972 51,000 SH SOLE 51,000
Aramark Corp COM 038521100 159 7,100 SH SOLE 7,100
Archer-Daniel Midland COM 039483102 2,015 156,540 SH SOLE 156,540
Automatic Data Processing COM 053015103 81 2,380 SH SOLE 2,380
Avon Products COM 054303102 549 8,830 SH SOLE 8,830
Axcelis Technologies Inc COM 054540109 79 12,900 SH SOLE 12,900
Axcan Pharma Inc COM 054923107 345 20,700 SH SOLE 20,700
BCE Inc COM 05534B109 18,866 607,392 SH SOLE 607,392
BG Group COM 055434203 226 10,000 SH SOLE 10,000
BISYS Group COM 055472104 246 13,390 SH SOLE 13,390
BJ Services COM 055482103 232 6,200 SH SOLE 6,200
BP PLC COM 055622104 1,782 42,400 SH SOLE 42,400
Baker Hughes Inc COM 057224107 206 6,150 SH SOLE 6,150
Bank of America Corp COM 060505104 2,038 25,790 SH SOLE 25,790
Bank of Montreal COM 063671101 16,126 379,000 SH SOLE 379,000
Bank of New York COM 064057102 247 8,600 SH SOLE 8,600
Bank of Nova Scotia COM 064149107 26,246 436,710 SH SOLE 436,710
Bank One Corp COM 06423A103 225 6,050 SH SOLE 6,050
Bank One Corp COM 06423A103 225 6,050 SH SOLE 6,050
Barclays PLC COM 06738E204 2,459 82,200 SH SOLE 82,200
Barrick Gold Corp COM 067901108 27,975 1,166,100 SH SOLE 1,166,100
Bellsouth Corp COM 079860102 813 30,530 SH SOLE 30,530
Bennett Environmental Inc COM 081906109 110 7,400 SH SOLE 7,400
Biogen Inc COM 090597105 220 5,800 SH SOLE 5,800
Biovail Corp COM 09067J109 850 13,500 SH SOLE 13,500
Boardwalk Equities Inc COM 096613104 81 5,300 SH SOLE 5,300
Boston Scientific COM 101137107 134 2,200 SH SOLE 2,200
Bowater Inc COM 102183100 145 3,860 SH SOLE 3,860
Brascan Corporation COM 10549P606 382 11,500 SH SOLE 11,500
Brinker International Inc COM 109641100 144 4,000 SH SOLE 4,000
Bristol-Myers Squibb Co COM 110122108 1,031 37,977 SH SOLE 37,977
British American Tobacco PLC COM 110448107 578 25,500 SH SOLE 25,500
CAE Inc COM 124765108 419 73,200 SH SOLE 73,200
CHC Helicopter Corp COM 12541C203 81 3,100 SH SOLE 3,100
CVS Corp COM 126650100 286 10,200 SH SOLE 10,200
Cadence Design Sys COM 127387108 144 11,980 SH SOLE 11,980
Cdn Imp Bank of Commerce COM 136069101 14,369 266,590 SH SOLE 266,590
Cdn National Railways COM 136375102 18,114 279,340 SH SOLE 279,340
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Canadian Nat Resources Ltd COM 136385101 1,263 23,500 SH SOLE 23,500
Canadian Pacific Railway Co COM 13645T100 2,546 84,000 SH SOLE 84,000
Canadian Pacific Railway Co COM 13645T100 13,081 431,570 SH SOLE 431,570
Canfor Corporation COM 137902102 261 29,600 SH SOLE 29,600
Canon Inc COM 138006309 205 4,500 SH SOLE 4,500
Caremark Rx Inc COM 141705103 149 5,800 SH SOLE 5,800
Carnival Corp COM 143658300 536 16,500 SH SOLE 16,500
Caterpillar Inc COM 149123101 176 3,170 SH SOLE 3,170
Celestica Inc COM 15101Q108 313 14,800 SH SOLE 14,800
ChevronTexaco Corp COM 166764100 491 6,800 SH SOLE 6,800
Chubb Corporation COM 171232101 268 4,470 SH SOLE 4,470
Cisco Systems COM 17275R102 1,092 65,060 SH SOLE 65,060
Citigroup Inc COM 172967101 3,167 74,000 SH SOLE 74,000
Clear Channel Comm COM 184502102 497 11,730 SH SOLE 11,730
Cognos Inc COM 19244C109 306 8,400 SH SOLE 8,400
Colgate Palmolive COM 194162103 127 2,200 SH SOLE 2,200
Comcast Corporation COM 20030N101 507 16,800 SH SOLE 16,800
ConocoPhillips Inc COM 20825C104 1,824 33,280 SH SOLE 33,280
Convergys Corporation COM 212485106 906 56,600 SH SOLE 56,600
Cott Corp COM 22163N106 153 5,500 SH SOLE 5,500
Cox Communications Inc COM 224044107 498 15,600 SH SOLE 15,600
CP Ships Ltd COM 22409V102 283 12,600 SH SOLE 12,600
DST Systems COM 233326107 141 3,700 SH SOLE 3,700
John Deere & Co. COM 244199105 698 15,270 SH SOLE 15,270
Dell Computer Corporation COM 247025109 569 17,860 SH SOLE 17,860
Descartes Systems Group Inc. COM 249906108 33 10,900 SH SOLE 10,900
Deutsche Telecom COM 251566105 137 9,000 SH SOLE 9,000
Devon Energy Corp COM 25179M103 234 4,380 SH SOLE 4,380
Diageo PLC COM 25243Q205 1,138 26,000 SH SOLE 26,000
Disney Walt Co COM 254687106 1,001 50,700 SH SOLE 50,700
Domtar Inc. COM 257561100 13,132 887,300 SH SOLE 887,300
Domtar Inc. COM 257561126 1 1,900 SH SOLE 1,900
Dorel Industries Inc COM 25822C205 98 2,500 SH SOLE 2,500
Dow Chemical Company COM 260543103 363 11,720 SH SOLE 11,720
Draxis Health Inc COM 26150J101 56 25,600 SH SOLE 25,600
E ON AG COM 268780103 3,034 59,200 SH SOLE 59,200
Eldorado Gold Corp COM 284902103 144 61,000 SH SOLE 61,000
Emerson Electric Co COM 291011104 220 4,300 SH SOLE 4,300
EnCana Corporation COM 292505104 17,782 343,940 SH SOLE 343,940
Enbridge Inc COM 29250N105 9,663 201,600 SH SOLE 201,600
Energy East Corporation COM 29266M109 203 9,800 SH SOLE 9,800
Entrust Inc COM 293848107 329 116,200 SH SOLE 116,200
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Equitable Resources COM 294549100 73 1,800 SH SOLE 1,800
Express Scripts Inc COM 302182100 247 3,610 SH SOLE 3,610
Exxon Mobil Corp COM 30231G102 1,417 39,450 SH SOLE 39,450
FPL Group COM 302571104 176 2,630 SH SOLE 2,630
Fairmont Hotels COM 305204109 174 5,625 SH SOLE 5,625
Federal National Mtge Assoc COM 313586109 1,726 25,600 SH SOLE 25,600
First Data Corp COM 319963104 432 10,414 SH SOLE 10,414
FleetBoston Financial Corp COM 339030108 1,705 57,400 SH SOLE 57,400
Fluor Corporation COM 343412102 979 29,100 SH SOLE 29,100
GSI Lumonics Inc COM 36229U102 98 10,800 SH SOLE 10,800
Gannett Co COM 364730101 460 5,990 SH SOLE 5,990
Genentech Inc COM 368710406 404 5,600 SH SOLE 5,600
General Dynamic Sys COM 369550108 2,777 38,300 SH SOLE 38,300
General Elec Co COM 369604103 846 29,500 SH SOLE 29,500
General Motors Corp COM 370442832 533 41,600 SH SOLE 41,600
Genzyme Corp COM 372917104 177 4,240 SH SOLE 4,240
Gillette Co COM 375766102 225 7,077 SH SOLE 7,077
Gildan Activewear Inc COM 375916103 91 2,600 SH SOLE 2,600
Glaxosmithkline Plc COM 37733W105 1,691 41,700 SH SOLE 41,700
Glaxosmithkline Plc COM 37733W295 400 32,700 SH SOLE 32,700
Gold Fields Ltd COM 38059T106 1,140 93,600 SH SOLE 93,600
Goldcorp Inc COM 380956409 293 18,100 SH SOLE 18,100
Goldman Sachs Group COM 38141G104 1,309 15,630 SH SOLE 15,630
Guidant Corp COM 401698105 173 3,900 SH SOLE 3,900
HCA Inc COM 404119109 64 2,000 SH SOLE 2,000
HSBC Holdings Plc COM 404280406 2,341 39,600 SH SOLE 39,600
Hartford Financial Services COM 416515104 447 8,880 SH SOLE 8,880
Heinz H J Co COM 423074103 230 6,970 SH SOLE 6,970
Hewlett Packard Co COM 428236103 1,020 47,900 SH SOLE 47,900
Home Depot Inc COM 437076102 858 25,913 SH SOLE 25,913
Honda Motor Co COM 438128308 2,442 128,200 SH SOLE 128,200
Honeywell International Inc COM 438516106 1,842 68,600 SH SOLE 68,600
Imperial Oil Ltd COM 453038408 12,783 271,400 SH SOLE 271,400
Inco Ltd COM 453258402 13,925 488,100 SH SOLE 488,100
ING Groep NV COM 456837103 982 56,000 SH SOLE 56,000
Intel Corp COM 458140100 368 17,690 SH SOLE 17,690
InterActive Corp COM 45840Q101 358 9,100 SH SOLE 9,100
I B M Corp COM 459200101 926 11,230 SH SOLE 11,230
Intl Paper Co COM 460146103 470 13,160 SH SOLE 13,160
Intl Paper Co COM 460146103 715 20,000 SH SOLE 20,000
Amvescap PLC COM 461276891 106 25,000 SH SOLE 25,000
Ishares COM 464286608 6,493 132,500 SH SOLE 132,500
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Ishares COM 464286848 2,261 311,000 SH SOLE 311,000
Ishares Tr COM 464287465 93,357 861,941 SH SOLE 861,941
Johnson & Johnson COM 478160104 1,142 22,084 SH SOLE 22,084
Kellogg Co COM 487836108 767 22,330 SH SOLE 22,330
Keyspan Corp COM 49337W100 135 3,800 SH SOLE 3,800
Kimberly Clark COM 494368103 491 9,410 SH SOLE 9,410
Kingsway Financial Service Inc COM 496904103 193 11,800 SH SOLE 11,800
Kohls Corporation COM 500255104 510 9,930 SH SOLE 9,930
KROGER CO COM 501044101 289 17,300 SH SOLE 17,300
Lamar Advertising Company COM 512815101 242 6,820 SH SOLE 6,820
Estee Lauder COM 518439104 44 1,300 SH SOLE 1,300
Leitch Technology Corp COM 52543H107 3,292 726,700 SH SOLE 726,700
Lilly (Eli) and Co COM 532457108 133 1,926 SH SOLE 1,926
Linear Technology COM 535678106 274 8,460 SH SOLE 8,460
Lowe's Cos Inc COM 548661107 137 3,200 SH SOLE 3,200
Luxottica Group SPA COM 55068R202 1,626 117,000 SH SOLE 117,000
Lyondell Chemical Company COM 552078107 67 4,970 SH SOLE 4,970
MDS Inc COM 55269P302 14,267 768,300 SH SOLE 768,300
Magna International Inc COM 559222401 12,376 136,400 SH SOLE 136,400
Manulife Financial Corp COM 56501R106 546 14,300 SH SOLE 14,300
Matsushita Electric Ind. Co COM 576879209 1,470 146,300 SH SOLE 146,300
Maxim Integrated Products COM 57772K101 253 7,420 SH SOLE 7,420
Medtronic Inc COM 585055106 424 8,830 SH SOLE 8,830
Mellon Financial COM 58551A108 1,051 37,870 SH SOLE 37,870
Merrill Lynch & Co Inc COM 590188108 973 20,840 SH SOLE 20,840
Methanex Corp COM 59151K108 296 20,600 SH SOLE 20,600
Metlife Inc COM 59156R108 564 19,930 SH SOLE 19,930
Microsoft Corp COM 594918104 2,689 104,882 SH SOLE 104,882
Microchip Technology Inc COM 595017104 171 6,900 SH SOLE 6,900
Moore Wallace Inc COM 615857109 9,888 502,200 SH SOLE 502,200
Morgan Stanley Co COM 617446448 1,796 42,000 SH SOLE 42,000
Motorola Inc COM 620076109 251 26,600 SH SOLE 26,600
Motorola Inc PREF 620076208 140 4,300 SH SOLE 4,300
Nasdaq 100 COM 631100104 4,612 154,000 SH SOLE 154,000
National City Corp COM 635405103 341 10,440 SH SOLE 10,440
National Fuel Gas Company COM 636180101 206 7,900 SH SOLE 7,900
Network Associates COM 640938106 129 10,200 SH SOLE 10,200
New York Times Co COM 650111107 310 6,810 SH SOLE 6,810
Nexen Inc COM 65334H102 19,063 558,200 SH SOLE 558,200
Nippon Tel & Tel Co COM 654624105 970 49,000 SH SOLE 49,000
Nissan Motor Co. Ltd. COM 654744408 735 39,000 SH SOLE 39,000
Nokia Corp COM 654902204 312 19,000 SH SOLE 19,000
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Nomura Holdings Inc COM 65535H208 1,505 118,000 SH SOLE 118,000
Nortel Networks Corp COM 656568102 5,581 1,533,110 SH SOLE 1,533,110
Northrop Grumman Corp COM 666807102 417 4,830 SH SOLE 4,830
Northrop Grumman Corp PREF 666807409 81 800 SH SOLE 800
Novartis AG COM 66987V109 1,501 37,700 SH SOLE 37,700
Novellus Systems Inc COM 670008101 348 9,490 SH SOLE 9,490
NSTAR COM 67019E107 301 6,600 SH SOLE 6,600
Occidental Petroleum COM 674599105 200 5,970 SH SOLE 5,970
Olympus Optical Co Limited COM 681627204 211 10,000 SH SOLE 10,000
Oracle Systems Corp COM 68389X105 666 55,456 SH SOLE 55,456
Outback Steakhouse COM 689899102 133 3,400 SH SOLE 3,400
PPG Industries COM 693506107 468 9,220 SH SOLE 9,220
PPL Corporation COM 69351T106 179 4,160 SH SOLE 4,160
Pearson Plc COM 705015105 1,094 114,000 SH SOLE 114,000
Peoplesoft Inc COM 712713106 306 17,400 SH SOLE 17,400
Pepsico Inc COM 713448108 1,298 29,160 SH SOLE 29,160
Petro Canada Limited COM 71644E102 912 16,900 SH SOLE 16,900
Petro Canada Limited COM 71644E102 912 16,900 SH SOLE 16,900
Peyto Exploration & Dev Corp COM 717047104 80 5,200 SH SOLE 5,200
Pfizer Inc COM 717081103 4,453 130,382 SH SOLE 130,382
Phelps Dodge Corp COM 717265102 209 5,450 SH SOLE 5,450
Pitney Bowes Inc COM 724479100 1,444 37,600 SH SOLE 37,600
Placer Dome Inc COM 725906101 27,258 1,652,000 SH SOLE 1,652,000
Potash Corp of Sask Inc COM 73755L107 6,011 69,900 SH SOLE 69,900
Praxair Inc COM 74005P104 220 3,660 SH SOLE 3,660
Precision Drilling Corp COM 74022D100 635 12,500 SH SOLE 12,500
Procter & Gamble Co COM 742718109 751 8,422 SH SOLE 8,422
Progress Energy Ltd COM 742981103 136 13,700 SH SOLE 13,700
Prudential Financial Inc COM 744320102 1,467 43,600 SH SOLE 43,600
QLT Inc COM 746927102 345 20,200 SH SOLE 20,200
Quebecor World Inc COM 748203106 19,148 768,700 SH SOLE 768,700
Regions Financial Corp COM 758940100 1,270 37,600 SH SOLE 37,600
Research In Motion COM 760975102 175 6,000 SH SOLE 6,000
Rio Tinto Plc COM 767204100 46 600 SH SOLE 600
Royal Bank of Canada COM 780087102 27,543 480,006 SH SOLE 480,006
Royal Dutch Petroleum Co COM 780257804 3,371 72,300 SH SOLE 72,300
SBC Communications COM 78387G103 3,701 144,850 SH SOLE 144,850
SLM Corporation COM 78442P106 404 10,320 SH SOLE 10,320
SPDR Trust COM 78462F103 41,395 424,000 SH SOLE 424,000
SPDR Trust COM 78462F103 138,043 1,413,943 SH SOLE 1,413,943
Safeway Inc COM 786514208 187 9,140 SH SOLE 9,140
St Paul Companies COM 792860108 168 4,600 SH SOLE 4,600
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
Schering Plough Corp COM 806605101 605 32,500 SH SOLE 32,500
Schlumberger Ltd COM 806857108 512 10,760 SH SOLE 10,760
Scripps EW Co COM 811054204 153 1,720 SH SOLE 1,720
Sears Roebuck & Co COM 812387108 2,200 65,400 SH SOLE 65,400
Secom Company Ltd COM 813113206 234 4,000 SH SOLE 4,000
Shire Pharmaceuticals Grp Plc COM 82481R106 790 40,000 SH SOLE 40,000
Siemens AG COM 826197501 1,636 33,500 SH SOLE 33,500
Smurfit Stone Container COM 832727101 155 11,900 SH SOLE 11,900
Sony Corp COM 835699307 420 15,000 SH SOLE 15,000
Southtrust Corp COM 844730101 228 8,450 SH SOLE 8,450
Sprint Corp PCS Group COM 852061506 267 46,500 SH SOLE 46,500
Stanley Works COM 854616109 530 19,200 SH SOLE 19,200
Staples Inc COM 855030102 125 6,800 SH SOLE 6,800
Starwood Hotels & Resorts COM 85590A203 412 14,420 SH SOLE 14,420
Sun Life Fin Services of Cdn COM 866796105 269 9,600 SH SOLE 9,600
Suncor Energy Inc COM 867229106 2,331 92,000 SH SOLE 92,000
Suncor Energy Inc COM 867229106 958 37,800 SH SOLE 37,800
SunGuard Data Systems COM 867363103 332 12,800 SH SOLE 12,800
Suntrust Banks Inc COM 867914103 695 11,710 SH SOLE 11,710
Superior Industries Int'l COM 868168105 926 22,200 SH SOLE 22,200
Symantec Corp COM 871503108 53 1,200 SH SOLE 1,200
TJX Companies Inc COM 872540109 149 7,900 SH SOLE 7,900
TXU Corp COM 873168108 211 9,400 SH SOLE 9,400
TXU Corp PREF 873168504 106 3,200 SH SOLE 3,200
Talisman Energy Inc COM 87425E103 1,052 17,100 SH SOLE 17,100
Target Corp COM 87612E106 555 14,680 SH SOLE 14,680
Telefonos de Mexico S A de C V COM 879403780 1,282 40,800 SH SOLE 40,800
Texas Instruments Inc COM 882508104 333 18,920 SH SOLE 18,920
Thomson Corp COM 884903105 339 8,000 SH SOLE 8,000
3M Company COM 88579Y101 511 3,960 SH SOLE 3,960
Timberland Company COM 887100105 1,258 23,800 SH SOLE 23,800
Tomkins PLC COM 890030208 1,517 100,400 SH SOLE 100,400
Toronto Dominion Bank COM 891160509 20,428 546,800 SH SOLE 546,800
Travelers Property Casualty COM 89420G109 1,218 76,620 SH SOLE 76,620
Travelers Property Casualty PREF 89420G307 101 4,200 SH SOLE 4,200
Tribune Co COM 896047107 840 17,400 SH SOLE 17,400
Tyco Intl Ltd COM 902124106 547 28,800 SH SOLE 28,800
Tyson Foods Inc COM 902494103 69 6,500 SH SOLE 6,500
UST Inc COM 902911106 2,932 83,700 SH SOLE 83,700
Union Pacific Corp. COM 907818108 337 5,800 SH SOLE 5,800
Unisys Corporation COM 909214108 602 49,000 SH SOLE 49,000
United Parcel Service COM 911312106 295 4,630 SH SOLE 4,630
FORM 13F INFORMATION TABLE - JUNE 30, 2003
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
United Technologies Corp COM 913017109 588 8,300 SH SOLE 8,300
Unocal Corp COM 915289102 296 10,300 SH SOLE 10,300
UPM Kymmene Corporation COM 915436109 2,297 157,900 SH SOLE 157,900
Veritas Softwar Corp COM 923436109 659 22,860 SH SOLE 22,860
Verizon Comm COM 92343V104 284 7,200 SH SOLE 7,200
Viacom Inc COM 925524308 1,415 32,370 SH SOLE 32,370
Vodafone Group Plc COM 92857W100 79 4,000 SH SOLE 4,000
WGL Holdings Inc COM 92924F106 125 4,700 SH SOLE 4,700
WPP Group PLC COM 929309300 1,426 35,600 SH SOLE 35,600
Wachovia Corp COM 929903102 262 6,560 SH SOLE 6,560
Wal Mart Stores Inc COM 931142103 879 16,370 SH SOLE 16,370
Waters Corp COM 941848103 1,818 62,400 SH SOLE 62,400
Wendys International Inc COM 950590109 507 17,500 SH SOLE 17,500
Westwood One COM 961815107 207 6,100 SH SOLE 6,100
Wheaton River Minerals COM 962902102 94 55,500 SH SOLE 55,500
Wheaton River Minerals COM 962902177 9 13,875 SH SOLE 13,875
Williams Sanoma Inc COM 969904101 199 6,800 SH SOLE 6,800
Wyeth COM 983024100 1,503 33,000 SH SOLE 33,000
Yahoo Inc COM 984332106 157 4,800 SH SOLE 4,800
Zarlink Semiconductor COM 989139100 76 10,800 SH SOLE 10,800
Ace Ltd COM G0070K103 336 9,800 SH SOLE 9,800
Accenture Ltd COM G1150G111 56 3,120 SH SOLE 3,120
Noble Corp COM G65422100 322 9,400 SH SOLE 9,400
Transocean Inc COM G90078109 943 42,900 SH SOLE 42,900
XL Capital Ltd COM G98255105 149 1,800 SH SOLE 1,800
Check Point Software Tech Ltd COM M22465104 273 14,000 SH SOLE 14,000
ASML Holding NV COM N07059111 191 20,000 SH SOLE 20,000
Starbucks COM 855244109 5,858 217,900 SH SOLE 217,900
Marsh & Mclennan COM 571748102 66 1,300 SH SOLE 1,300
1,342,604