Grand Columbia Platz 75
All Fund Holdings as of 08/24/2012
Number Holding Ticker Shares§Market Value % of net assets
1§B2GOLD CORP BTO CN 25,551,538 $99,389,264.55 3.78%
2§PERSEUS MINING LTD PRU CN 33,870,682 $93,862,423.04 3.57%
3§SILVERCORP METAL SVM US 12,495,284 $73,347,317.08 2.79%
4§RUBICON MINERALS RMX CN 19,734,876 $69,007,930.39 2.62%
5§MEDUSA MINING MML AU 13,115,902 $68,430,342.88 2.60%
6§BANRO CORPORATION BAA CN 14,828,952 $67,394,138.68 2.56%
7§CHINA GOLD INTER CGG CN 18,242,889 $65,261,506.47 2.48%
8§DUNDEE PRECIOUS DPM CN 7,281,744 $62,151,833.20 2.36%
9§EVOLUTION MINING LTD EVN AU 34,686,978 $61,431,203.28 2.33%
10§ARGONAUT GOLD LT AR CN 6,633,864 $60,900,389.02 2.31%
11§TOREX GOLD RESOU TXG CN 31,181,074 $60,329,180.31 2.29%
12§KIRKLAND LAKE GO KGI CN 4,341,259 $60,152,477.70 2.29%
13§NEVSUN RESOURCES NSU CN 14,972,044 $59,293,729.95 2.25%
14§KINGSGATE CONSOL KCN AU 10,844,908 $57,356,279.97 2.18%
15§ENDEAVOUR SILVER EXK US 6,511,471 $57,235,830.09 2.18%
16§RIO ALTO MINING LTD RIO CN 11,504,865 $55,301,260.69 2.10%
17§CGA MINING LTD CGA CN 23,703,712 $55,177,684.00 2.10%
18§OCEANAGOLD CORP OGC CN 19,429,509 $52,080,912.92 1.98%
19§RESOLUTE MINING RSG AU 31,067,595 $51,621,944.70 1.96%
20§CONTINENTAL GOLD LTD CNL CN 6,315,848 $49,070,578.00 1.86%
21§PREMIER GOLD MIN PG CN 9,336,197 $48,922,481.38 1.86%
22§AURIZON MINES ARZ CN 11,654,175 $48,855,109.59 1.86%
23§SANDSTORM GOLD LTD SSL CN 4,703,757 $45,883,375.58 1.74%
24§FORTUNA SILVER FVI CN 9,359,387 $44,422,545.24 1.69%
25§LIONGOLD CORP LTD LIGO SP 44,395,000 $44,414,681.37 1.69%
26§BEADELL RESOURCES LTD BDR AU 49,713,280 $42,740,591.92 1.62%
27§Mcewen Mining Inc MUX US 10,557,717 $42,019,713.66 1.60%
28§ST BARBARA LTD SBM AU 24,573,897 $39,358,688.54 1.50%
29§ROMARCO MINERALS R CN 43,655,908 $38,713,356.22 1.47%
30§ENDEAVOUR MINING CORP EDV CN 18,308,146 $36,898,566.03 1.40%
31§COLOSSUS MINERAL CSI CN 7,677,435 $34,660,058.25 1.32%
32§MAG SILVER CORP MAG CN 3,318,921 $33,913,295.65 1.29%
33§INTEGRA MINING LTD IGR AU 59,398,134 $32,060,494.52 1.22%
34§TANZANIAN ROYALT TRX US 6,964,103 $31,965,232.77 1.21%
35§RAINY RIVER RESO RR CN 6,458,083 $31,433,003.37 1.19%
36§SABINA GOLD & SILVER CORP SBB CN 9,242,350 $31,107,420.77 1.18%
37§AURCANA CORPORATION AUN CN 33,101,233 $31,021,460.87 1.18%
38§NORTHERN STAR RESOURCES LTD NST AU 24,892,542 $30,383,936.82 1.15%
39§CHINA PRECIOUS METAL RESOURC 1194 HK 168,228,000 $29,975,543.55 1.14%
40§LAKE SHORE GOLD LSG CN 29,103,027 $29,913,929.10 1.14%
41§GOLDEN STAR RES GSS US 19,340,707 $26,496,768.59 1.01%
42§AVION GOLD CORP AVR CN 33,066,742 $23,991,589.90 0.91%
43§SULLIDEN GOLD CORP LTD SUE CN 17,616,709 $23,610,845.94 0.90%
44§PARAMOUNT GOLD AND SILVER PZG US 8,787,308 $21,353,158.44 0.81%
45§GREAT PANTHER SILVER LTD GPL US 10,176,203 $20,250,643.97 0.77%
46§KEEGAN RESOURCES KGN CN 5,585,877 $20,207,888.78 0.77%
47§PRIMERO MINING CORP P CN 4,196,360 $19,367,490.10 0.74%
48§TIMMINS GOLD CORP TMM CN 8,670,124 $19,308,685.48 0.73%
49§GRYPHON MINERALS GRY AU 25,757,552 $19,048,852.69 0.72%
50§INDOPHIL RESOURCES NL IRN AU 50,848,143 $18,852,680.99 0.72%
51§SAN GOLD CORP SGR CN 23,447,966 $18,430,406.09 0.70%
52§INTL TOWER HILL THM US 5,626,061 $17,722,092.15 0.67%
53§SARACEN MINERAL HOLDINGS LTD SAR AU 40,401,135 $17,674,708.70 0.67%
54§HIGHLAND GOLD MI HGM LN 9,571,531 $17,505,718.68 0.67%
55§VISTA GOLD CORP VGZ US 5,340,405 $17,089,296.00 0.65%
56§BEAR CREEK MININ BCM CN 5,703,386 $16,494,903.83 0.63%
57§LYDIAN INTERNATIONAL LTD LYD CN 6,806,914 $16,325,344.20 0.62%
58§PATAGONIA GOLD PLC PGD LN 33,900,576 $15,949,591.84 0.61%
59§AVOCET MINING AVM LN 10,510,260 $15,410,114.75 0.59%
60§GUYANA GOLDFIELD GUY CN 5,308,847 $15,139,856.92 0.58%
61§ATAC RESOURCES LTD ATC CN 5,586,574 $14,862,251.58 0.56%
62§ORKO SILVER CORP OK CN 9,640,646 $14,572,448.23 0.55%
63§FOCUS MINERALS L FML AU 326,084,614 $14,264,073.73 0.54%
64§BRIGUS GOLD CORP BRD US 14,596,091 $13,280,983.20 0.50%
65§RAMELIUS RESOURCES LTD RMS AU 23,069,019 $12,854,193.13 0.49%
66§ALEXCO RESOURCE CORP AXU US 3,626,477 $12,837,728.58 0.49%
67§INTREPID MINES LTD IAU AU 37,296,015 $12,788,857.59 0.49%
68§EXETER RESOURCE XRA US 6,192,221 $11,331,764.43 0.43%
69§OREZONE GOLD COR ORE CN 5,557,329 $10,528,320.17 0.40%
70§SCORPIO MINING CORP SPM CN 12,247,448 $10,490,583.77 0.40%
71§RICHMONT MINES INC RIC US 2,355,787 $10,035,652.62 0.38%
72§LINGBAO GOLD-H 3330 HK 22,482,000 $9,772,533.47 0.37%
73§RED 5 LTD RED AU 5,828,346 $9,465,536.95 0.36%
74§GREAT BASIN GOLD GBG CN 40,024,190 $9,276,529.15 0.35%
75§GRAN COLOMBIA GOLD CORP GCM CN 27,098,339 $8,874,852.80 0.34%
76§GOLDEN MINERALS CO AUMN US 1,590,196 $8,253,117.24 0.31%
77§MIDWAY GOLD CORP MDW US 5,939,648 $7,959,128.32 0.30%
78§ECO ORO MINERALS EOM CN 3,496,154 $6,975,749.40 0.27%
79§DRDGOLD LTD-ADR DRD US 959,819 $6,200,430.74 0.24%
80§JAGUAR MINING IN JAG US 6,179,196 $6,164,365.93 0.23%
81§CROCODILE GOLD C CRK CN 14,988,473 $5,739,527.12 0.22%
82§REAL GOLD MINING 246 HK 19,288,900 $5,001,707.07 0.19%
83§CNMC GOLDMINE HOLDINGS LTD CNMC SP 11,105,000 $3,470,244.74 0.13%
84§Net Other Assets / Cash 0 ($1,385,174.13) -0.05%