PRIVATE POOLS - Barometer Capital · strategies and current holdings are subject to change. Portfolio holdings do not include short positions. The portfolio holdi ngs information

FOR INSTITUTIONAL USE ONLY

JANUARY 27, 2020

PRIVATE POOLSWEEKLY HOLDINGS

SECTOR ALLOCATION

Financials 38.9%Information Technology 15.2%Industrials 10.2%Investment Funds 9.2%Energy 6.3%Real Estate 5.8%Materials 5.3%Communication Services 2.7%Consumer Staples 2.6%Health Care 2.4%Convertible Bond 1.4%

GEOGRAPHIC ALLOCATION

INDUSTRY ALLOCATIONS AS AT JANUARY 27, 2020

United States 66.6%

Canada 33.4%

11.7%

9.3%

9.1%

8.0%

5.7%

5.5%

5.3%

5.3%

5.3%

3.1%

3.0%

2.9%

2.7%

2.7%

2.6%

2.6%

2.5%

2.4%

2.3%

2.2%

1.7%

1.7%

1.4%

1.0%

Investment Funds

Financials - Asset Management & Custody Banks

Information Technology - Data Processing & Outsourced Services

Financials - Diversified Banks

Financials - Property & Casualty Insurance

Financials - Financial Exchanges & Data

Financials - Life & Health Insurance

Industrials - Aerospace & Defense

Materials - Gold

Information Technology - Systems Software

Information Technology - Technology Hardware Storage & Peripherals

Energy - Oil & Gas Storage & Transportation

Communication Services - Integrated Telecommunication Services

Industrials - Railroads

Consumer Staples - Hypermarkets & Super Centers

Financials - Investment Banking & Brokerage

Real Estate - Residential REITs

Health Care - Managed Health Care

Real Estate - Industrial REITs

Industrials - Environmental & Facilities Services

Energy - Oil & Gas Exploration & Production

Energy - Oil & Gas Refining & Marketing

Convertible Bond

Real Estate - Retail REITs

38.9% FINANCIALSUS;ALL Allstate CorpUS;AMP Ameriprise Financial IncCA;BMO Bank of MontrealCA;BAM.A Brookfield Asset Management IncUS;C Citigroup IncCA;IFC Intact Financial CorpUS;JPM JPMorgan Chase & CoCA;MFC Manulife Financial CorpUS;MCO Moody's CorpUS;MS Morgan StanleyCA;NA National Bank of CanadaUS;SPGI S&P Global IncUS;STT State Street CorpCA;SLF Sun Life Financial IncUS;TROW T. Rowe Price Group Inc

15.2% INFORMATION TECHNOLOGYUS;AAPL Apple IncUS;FISV Fiserv IncUS;MA Mastercard IncUS;MSFT Microsoft CorpUS;V Visa Inc

1.4% CONVERTIBLE BONDSBonds Moxie Holdings LLC CV 8.0% 02MAY21

5.3% MATERIALSUS;FNV Franco-Nevada Corp

0.0% INDEX HEDGE AS AT JANUARY 27, 2020

9.2% INVESTMENT FUNDSUS:BMSK Barometer Music Royalty FundCA;BFIX Barometer Tactical Fixed Income Pool

Commissions, trailing commissions, management fees and expenses all may be associated with private pool investments. Please read the offering memorandum before investing. Private pools are not guaranteed, their values change frequently and past performance may not be repeated. Private pool strategies and current holdings are subject to change. Portfolio holdings do not include short positions. The portfolio holdings information above may not contain all investments held, may differ from Barometer’s marketing materials, and may be different from the Barometer Private Pool’s annual financial report for the same period. The offering memorandum and other information about the pool are available at www.barometercapital.ca.

0.0% CASH AND CASH EQUIVALENTS

2.7% COMMUNICATION SERVICESUS;T AT&T Inc

6.3% ENERGYCA;CNQ Canadian Natural Resources LtdCA;ENB Enbridge IncCA;PKI Parkland Fuel Corp

10.2% INDUSTRIALSUS;KSU Kansas City SouthernUS;LMT Lockheed Martin CorpUS:TDG TransDigm Group IncCA;WCN Waste Connections Inc

5.8% REAL ESTATECA;CHP.UN Choice Properties Real Estate Investment TrustCA;GRT.UN Granite Real Estate Investment TrustCA;MI.UN Minto Apartment Real Estate Investment Trust

HOLDINGS AS AT JANUARY 27, 2020

2.4% HEALTH CAREUS;UNH UnitedHealth Group Inc

2.6% CONSUMER STAPLESUS;COST Costco Wholesale Corp

ASSET ALLOCATION



U.S.: 79.4%

Asia: 14.7%

Europe: 4.4%

Latin America: 1.5%

24.2%

18.0%

15.8%

12.9%

10.7%

9.5%

9.4%

8.5%

7.1%

5.7%

4.9%

4.8%

4.6%

4.4%

4.4%

2.6%

-3.1%

-6.0%

-7.9%

-8.9%

-21.6%

Information Technology

Financials

Precious Metals

China

Emerging Markets - Equities

U.S. Large Cap

Industrials

Health Care

Energy

Materials

Developed Markets - Asia

U.S. Small Cap

Volatility

Consumer Discretionary

Dividend

Developed Markets

Currencies - Japanese Yen

Utilities

Currencies- U.S. Dollar

Real Estate

Fixed Income - U.S. Government

N. American Equities: 68.3%Commodities: 28.6%Emerging Markets: 23.6%Developed Markets: 7.5%Volatility: 4.6%Currencies: (11.0%)Fixed Income: (21.6%)

18.0% FINANCIALSUS;XLF Financial Select Sector SPDR FundUS;IAI iShares U.S. Broker-Dealers ETFUS;IYG iShares U.S. Financial Services FundUS;KBE SPDR S&P Bank ETF

24.2% INFORMATION TECHNOLOGYUS;ARKW ARK Web x.0 ETFUS;SKYY First Trust Cloud Computing ETFUS;CIBR First Trust NASDAQ Cybersecurity ETFUS;SOCL Global X Social Media ETFUS;PSCT Invesco S&P SmallCap Information Technology ETFUS;XT iShares Exponential Technologies ETFUS;IXN iShares Global Tech ETFUS;SOXX iShares PHLX Semiconductor ETFUS;XSD SPDR S&P Semiconductor ETFUS;XLK Technology Select Sector SPDR Fund

4.8% U.S. SMALL CAP US;PSCI Invesco S&P SmallCap Industrials ETFUS;IWM iShares Russell 2000 ETF

4.4% CONSUMER DISCRETIONARYUS;ITB iShares US Home Construction ETFUS;VCR Vanguard Consumer Discretionary Index Fund ETF

9.4% INDUSTRIALSUS;IYJ iShares US Industrials ETFUS;ROBO ROBO Global Robotics and Automation Index ETF

9.5% U.S. LARGE CAPUS;SPGP Invesco S&P 500 GARP ETFUS;SPHB Invesco S&P 500 High Beta ETFUS;VOOV Vanguard S&P 500 Value ETF

8.5% HEALTH CAREUS;PSCH Invesco S&P SmallCap Heath Care ETFUS;IXJ iShares Global Healthcare ETFUS;IHI iShares US Medical Devices ETFUS;XBI SPDR S&P Biotech ETF

4.4% DIVIDENDUS;RDVY First Trust Rising Dividend Achievers ETF

7.1% ENERGY US;TAN Invesco Solar ETFUS;BNO United States Brent Oil Fund

-3.1% CURRENCIES - JAPANESE YEN-6.0% UTILITIES-7.9% CURRENCIES – U.S. DOLLARS-8.9% REAL ESTATE-21.6% FIXED INCOME - U.S. GOVERNMENT75% CASH AND CASH EQUIVALENTS0.0% INDEX HEDGE AS AT JANUARY 27, 202012.9% CHINA

US;CHIQ Global X MSCI China Consumer Discretionary ETFUS;CQQQ Invesco China Technology ETFUS;KWEB KraneShares CSI China Internet ETFUS;ASHR Xtrackers Harvest CSI 300 China A-Shares ETF

15.8% PRECIOUS METALSUS;GLD SPDR Gold SharesUS;PSLV Sprott Physical Silver TrustUS;GDX VanEck Vectors Gold Miners ETFUS;GDXJ VanEck Vectors Junior Gold Miners ETF

10.7% EMERGING MARKETS - EQUITIESUS;PIE Invesco DWA Emerging Markets MomentumUS;EWZ iShares MSCI Brazil Index ETFUS;ERUS iShares MSCI Russia ETFUS;RSX VanEck Vectors Russia ETF

5.7% MATERIALSUS;PICK iShares MSCI Global Metals & Mining Producers ETFUS;XME SPDR S&P Metals & Mining ETF


4.9% DEVELOPED MARKETS - ASIAUS;INDY iShares India 50 ETFUS;EWT iShares MSCI Taiwan ETF


2.6% DEVELOPED MARKETSUS;ACWI iShares MSCI ACWI ETF

4.6% VOLATILITYUS;VXX Barclays Bank iPath S&P 500 VIX Short Term Futures

ETN Exp 30 Jan 2019

SECTOR ALLOCATION

Information Technology 37.4%Financials 19.8%Industrials 17.8%Consumer Discretionary 14.2%Materials 5.4%Health Care 3.6%Cash 1.8%



11.9%

10.3%

6.4%

6.4%

5.4%

4.1%

4.0%

3.8%

3.8%

3.7%

3.6%

3.6%

3.5%

3.4%

3.3%

3.3%

3.3%

3.2%

3.1%

2.9%

2.8%

2.4%

1.8%

Information Technology - Application Software

Information Technology - Semiconductor Equipment


Industrials - Research & Consulting Services

Materials - Gold

Information Technology - Internet Services & Infrastructure

Information Technology - Semiconductors

Consumer Discretionary - Footwear


Consumer Discretionary - Apparel Accessories & Luxury Goods

Health Care - Biotechnology

Information Technology - It Consulting & Other Services

Information Technology - Internet Software & Services

Consumer Discretionary - Leisure Products

Consumer Discretionary - Publishing

Financials - Property & Casualty Insurance

Industrials - Air Freight & Logistics

Financials - Specialized Finance

Financials - Other Diversified Financial Services

Industrials - Trucking

Industrials - Industrial Machinery

Industrials - Electrical Components & Equipment

Cash

Canada 52.1%

United States 47.9%

37.4% INFORMATION TECHNOLOGYUS;AMAT Applied Materials IncCA;GIB.A CGI IncUS;COUP Coupa Software IncCA;DSG Descartes Systems Group IncUS;FB Facebook IncCA;KXS Kinaxis IncUS;LRCX Lam Research CorpCA;LSPD Lightspeed POS IncUS;NVDA NVIDIA CorpCA;SHOP Shopify IncUS;SEDG Solaredge Technologies Inc

17.8% INDUSTRIALSCA;BLDP Ballard Power Systems IncCA;CJT Cargojet IncUS;AQUA Evoqua Water Technologies CorpUS;INFO IHS Markit LtdCA;STN Stantec IncCA;TFII TFI International Inc

3.6% HEALTH CAREUS;VRTX Vertex Pharmaceuticals

19.8% FINANCIALSUS;EQH AXA Equitable Holdings IncCA;BAM.A Brookfield Asset Management IncCA;CIX CI Financial CorpCA;EFN Element Fleet Management CorpCA;IAG iA Financial Corp IncCA;IFC Intact Financial Corp

5.4% MATERIALSUS;NEM Newmont Mining CorpCA;NG Novagold Resources Inc

0.0% INDEX HEDGE AS AT JANUARY 27, 202014.2% CONSUMER DISCRETIONARYCA;DOO BRP IncUS;CROX Crocs IncUS;LULU Lululemon Athletica IncCA;TRI Thomson Reuters Corp




SECTOR ALLOCATION

Corporate Bond 17.2%Financials 15.4%Information Technology 14.5%Energy 11.9%Government Bond 6.9%Industrials 6.7%Materials 5.7%Real Estate 5.7%Convertible Bond 5.2%Health Care 4.7%Communication Services 3.0%Consumer Discretionary 2.9%Cash 0.2%

GEOGRAPHIC ALLOCATIONASSET ALLOCATION


17.2%

6.9%

6.7%

6.3%

6.2%

5.7%

5.7%

5.2%

4.2%

4.0%

4.0%

3.3%

3.0%

3.0%

3.0%

2.9%

2.8%

2.7%

2.5%

2.3%

2.2%

0.2%

Corporate Bond

Government Bond

Industrials - Railroads


Energy - Oil & Gas Storage & Transportation

Energy - Oil & Gas Exploration & Production

Materials - Gold

Convertible Bond

Information Technology - Systems Software

Financials - Financial Exchanges & Data

Information Technology - Technology Hardware Storage & Peripherals

Information Technology - Data Processing & Outsourced Services

Communication Services - Integrated Telecommunication Services


Real Estate - Residential REITs


Financials - Diversified Banks

Real Estate - Industrial REITs

Health Care - Managed Health Care


Health Care - Biotechnology

Cash

Equity 70.7%

Corporate Bond 17.2%

Government Bond 6.9%

Convertible Bond 5.2%

Canada 58.6%

United States 41.4%



5.2% CONVERTIBLE BONDS

Bond Innergex Renewable Energy Inc 4.65% CV 31OCT26

Bond MXY Holdings Inc 8% CV 02MAY21

11.9% ENERGYCA;CNQ Canadian Natural Resources LtdCA;ENB Enbridge IncUS;HES Hess CorpCA;TRP TC Energy Corp

15.4% FINANCIALSCA;BMO Bank of MontrealCA;EFN Element Fleet Management CorpCA;IAG iA Financial Corp IncCA;MFC Manulife Financial CorpUS;SPGI S&P Global Inc

6.9% GOVERNMENT BONDSBond Canadian Government 2% 01SEP23Bond U.S. Government 2.5% 31JAN24

14.5% INFORMATION TECHNOLOGYUS;AAPL Apple IncUS;INTC Intel CorpUS;MSFT Microsoft CorpUS;V Visa Inc



4.7% HEALTH CAREUS;AMGN Amgen IncUS;UNH UnitedHealth Group Inc

3.0% COMMUNICATION SERVICESUS;T AT&T Inc

6.7% INDUSTRIALSCA;CP Canadian Pacific Railway LtdUS;KSU Kansas City Southern

5.7% MATERIALSCA;FNV Franco-Nevada CorpUS;NEM Newmont Mining Corp

5.7% REAL ESTATECA;GRT.UN Granite Real Estate Investment TrustCA;MI.UN Minto Apartment Real Estate Investment Trust

17.2% CORPORATE BONDSBond Cascades 5.125% 15JAN25Bond Enbridge Inc 5.375% 27SEP77Bond Fairfax Financial Holdings Ltd 4.85% 17APR28Bond Inter Pipeline Ltd 6.625% 19NOV79Bond Parkland Fuel Corp 6% 21NOV22Bond Royal Bank of Canada 2.74% 25JUL29 2.9% CONSUMBER DISCRETIONARY

CA;DOO BRP Inc

SECTOR ALLOCATION

Information Technology 21.5%Industrials 21.1%Financials 16.2%Health Care 12.5%Materials 11.4%Consumer Discretionary 6.6%Utilities 3.7%Consumer Staples 3.0%Real Estate 2.0%Convertible Bond 2.0%



12.5%

7.7%

6.9%

6.5%

6.0%

5.9%

4.3%

4.2%

3.8%

3.7%

3.5%

3.4%

3.3%

3.3%

3.3%

3.3%

3.2%

3.1%

3.0%

3.0%

2.1%

2.0%

2.0%

Health Care - Pharmaceuticals

Industrials - Research & Consulting Services

Industrials - Air Freight & Logistics

Information Technology - Application Software

Materials - Gold




Information Technology - It Consulting & Other Services

Utilities - Renewable Electricity

Information Technology - Semiconductor Equipment

Information Technology - Internet Software & Services

Consumer Discretionary - Internet & Direct Marketing Retail


Industrials - Electrical Components & Equipment

Materials - Diversified Metals & Mining

Industrials - Construction & Engineering


Consumer Staples - Personal Products

Financials - Other Diversified Financial Services

Materials - Precious Metals & Minerals

Convertible Bond

Real Estate - Real Estate Operating Companies

Canada 78.4%

United States 21.6%



12.5% HEALTH CARECA;AND Andlauer Healthcare Group IncCA;HDRX.PP HydRx Farms LtdCA;MSC.PP Molecular Science CorpUS;MXY.PP MXY Holdings Inc

2.0% REAL ESTATECA;SVI StorageVault Canada Inc

6.6% CONSUMER DISCRETIONARYCA;DOO BRP IncCA;REAL Real Matters Inc



3.7% UTILITIESCA;INE Innergex Renewable Energy Inc

2.0% CONVERTIBLE BONDSBond Vivo Cannabis 6% CV 21FEB21

3.0% CONSUMER STAPLESCA;JWEL Jamieson Wellness Inc

21.5% INFORMATION TECHNOLOGYUS;AMAT Applied Materials IncCA;GIB.A CGI IncCA;DSG Descartes Systems Group IncUS;FB Facebook IncCA;KXS Kinaxis IncUS;NVDA NVIDIA Corp

17.2% INDUSTRIALSCA;BLDP Ballard Power Systems IncCA;BDT Bird Construction IncCA;CJT Cargojet IncUS;INFO IHS Markit LtdCA;STN Stantec Inc

16.2% FINANCIALSUS;EQH AXA Equitable Holdings IncCA;EFN Element Fleet Management CorpCA;FSZ Fiera Capital CorpCA;FBCI.PP First Block CapitalCA;IAG iA Financial Corp Inc

11.4% MATERIALSCA;BTO B2Gold CorpCA;GBR Great Bear Resources LtdCA;NG Novagold Resources IncCA;OSK Osisko Mining Inc

ALLOCATION

Government Bonds 99.6%Cash 0.4%


99.6%

0.4%

Government Bonds

Cash


Canada 68.0%

United States 32.0%

99.6% GOVERNMENT BONDSBond Canada Government 0.75% 01SEP21Bond Canada Government 1.5% 01AUG21Bond Canada Government 2.0% 01NOV20Bond Canada Government 2.0% 01SEP23Bond Canada Government 2.0% 01JUN28Bond Canada Government 5.0% 01JUN37Bond U.S. Treasury Note 2.75% 30NOV20Bond U.S. Treasury Note 2.875% 30NOV23Bond U.S. Treasury Note 3.125% 15NOV28

0.4% CASH BALANCE



Documents

PRIVATE POOLS - Barometer Capital · strategies and current holdings are subject to change. Portfolio holdings do not include short positions. The portfolio holdi ngs information