Holding Performance

1%-0% 2%-1% 3%-2% 4%-3% 5%-4% 6%-5%

Top 25 Holdings	Portfolio Weight %	Shares Owned	Shares Change	Mkt Cap (Mil)	Total Ret YTD (Daily)
Sociedad Quimica Y Minera De Chile SA ADR	2.73	255,000	77,100	14.70	-16.47
BHP Billiton Ltd ADR	2.41	165,000	15,000	12.94	-11.40
Consol Energy Inc	2.27	380,000	125,000	12.20	10.23
International Paper Co.	2.22	300,000	-49,300	11.95	18.22
West Fraser Timber	2.16	165,000	-28,000	11.64	15.82
Tyson Foods, Inc. Class A	2.16	600,000	-30,200	11.64	30.72
Kinder Morgan, Inc.	2.16	328,600	20,000	11.61	18.14
Monsanto Company	2.14	121,500	60,000	11.50	10.71
Martin Marietta Materials	2.14	121,900	121,900	11.49	15.69
Pioneer Natural Resources Company	2.11	106,600	0	11.36	34.69
Plum Creek Timber Co Inc	2.10	255,000	5,000	11.31	21.95
Weyerhaeuser Co	2.07	400,000	-18,600	11.13	17.54
Oil States International, Inc.	2.06	155,000	3,200	11.09	39.75
National Oilwell Varco, Inc.	2.03	160,000	36,000	10.94	1.39
Bunge Ltd	2.03	150,000	-9,400	10.90	-0.62
Smithfield Foods, Inc.	2.00	500,000	-28,000	10.79	18.31
Enterprise Products Partners LP	2.00	215,000	21,000	10.77	28.63
Southern Copper Corporation	1.97	280,000	-37,012	10.60	-12.36
Western Gas Partners, LP	1.94	219,000	-10,000	10.43	31.85
First Quantum Minerals Ltd	1.87	455,000	-50,000	10.04	-14.63
Williams Companies Inc	1.86	306,000	6,000	10.02	14.11
Randgold Resources Ltd ADR	1.85	100,000	100,000	9.93	-24.31
Weatherford International Ltd	1.77	850,000	850,000	9.51	26.90
Potash Corporation of Saskatchewan, Inc.	1.71	226,100	0	9.20	5.21
HollyFrontier Corp	1.69	195,000	-57,000	9.08	8.16