| Security ID# (cusip/sedol) | Security Description | Ticker Symbol | Coupon Rate | Maturity Date | Shares | Market Value($) | % of TNA |
|---|---|---|---|---|---|---|---|
| 74499S9A1 | Dryden Core Investment Fund - Taxable Money Market | 0.29 | 12/31/2010 | 120,960,678 | 120,960,678 | 3.93 | |
| 845467109 | Southwestern Energy Co. | SWN.UN | 1,839,300 | 78,501,324 | 2.55 | ||
| 406216101 | Halliburton Co. | HAL.UN | 2,568,000 | 69,644,160 | 2.26 | ||
| 674599105 | Occidental Petroleum Corp. | OXY.UN | 878,000 | 68,835,200 | 2.24 | ||
| 35671D857 | Freeport-mcmoran Copper & Gold, Inc. | FCX.UN | 918,599 | 63,025,077 | 2.05 | ||
| 71654V408 | Petroleo Brasileiro Sa Petrobr Sponsored Adr | PBR.UN | 1,299,300 | 59,637,870 | 1.94 | ||
| 204448104 | Minas Buenaventura Spon Adr | BVN.UN | 1,637,500 | 57,656,375 | 1.87 | ||
| 2347608 | First Quantum Minerals Ltd | FM.CT | 854,890 | 55,893,429 | 1.82 | ||
| H27013103 | Weatherford International Ltd. | WFT.UN | 2,591,200 | 53,715,576 | 1.75 | ||
| 13342B105 | Cameron International Corp | CAM.UN | 1,394,300 | 52,732,426 | 1.71 | ||
| 0876289 | BG Group Plc | BG/.LN | 2,974,400 | 51,671,240 | 1.68 | ||
| 98385X106 | XTO Energy, Inc. | XTO.UN | 1,243,150 | 51,366,958 | 1.67 | ||
| 2523635 | Pacific Rubiales Energy Corp | PRE.CT | 4,076,400 | 50,486,213 | 1.64 | ||
| 496902404 | Kinross Gold Corp | KGC UN | 2,310,000 | 50,127,000 | 1.63 | ||
| 637071101 | National-oilwell Varco Inc | NOV.UN | 1,163,200 | 50,168,816 | 1.63 | ||
| 903914109 | Ultra Petroleum Corp. | UPL.UN | 1,020,600 | 49,968,576 | 1.62 | ||
| B19RPM5 | OGX Petroleo E Gas Participa | OGXP3.B | 64,989 | 49,633,166 | 1.61 | ||
| 136385101 | Canadian Natural Resources Ltd | CNQ.UN | 705,400 | 47,395,826 | 1.54 | ||
| H5833N103 | Noble Corporation | NE.UN | 1,219,100 | 46,277,036 | 1.50 | ||
| 262037104 | Dril-quip, Inc. | DRQ.UN | 924,400 | 45,887,216 | 1.49 | ||
| 6979728 | Woodside Petroleum Limited | WPL.AU | 994,770 | 45,635,470 | 1.48 | ||
| 75281A109 | Range Resources Corp. | RRC.UN | 913,350 | 45,082,956 | 1.46 | ||
| 380956409 | Goldcorp, Inc. | GG UN | 1,109,736 | 44,800,042 | 1.46 | ||
| 032511107 | Anadarko Petroleum Corp. | APC.UN | 710,400 | 44,563,392 | 1.45 | ||
| 2307873 | Eldorado Gold | ELD.CT | 3,852,240 | 43,752,149 | 1.42 | ||
| 806857108 | Schlumberger Ltd. | SLB.UN | 730,700 | 43,549,720 | 1.41 | ||
| 26875P101 | EOG Resources, Inc. | EOG.UN | 511,200 | 42,690,312 | 1.39 | ||
| 127097103 | Cabot Oil & Gas Corp. | COG.UN | 1,168,900 | 41,788,175 | 1.36 | ||
| 803866300 | Sasol Ltd. Adr | SSL.UN | 1,098,300 | 41,867,196 | 1.36 | ||
| 655044105 | Noble Energy, Inc. | NBL.UN | 632,500 | 41,719,700 | 1.36 | ||
| 20605P101 | Concho Resources Inc | CXO.UN | 1,137,600 | 41,317,632 | 1.34 | ||
| 037411105 | Apache Corp. | APA.UN | 447,100 | 41,057,193 | 1.33 | ||
| 87425E103 | Talisman Energy Inc. | TLM.UN | 2,322,300 | 40,268,682 | 1.31 | ||
| 716495106 | Petrohawk Energy Corp | HK.UN | 1,644,600 | 39,815,766 | 1.29 | ||
| 752344309 | Randgold Resources Ltd Adr | GOLD.UW | 558,000 | 38,993,040 | 1.27 | ||
| 088606108 | BHP Billiton Ltd | BHP.UN | 593,800 | 39,196,738 | 1.27 | ||
| 651290108 | Newfield Exploration Co. | NFX.UN | 895,600 | 38,116,736 | 1.24 | ||
| 6637101 | Newcrest Mining | NCM.AU | 1,345,957 | 37,879,574 | 1.23 | ||
| 859737207 | Sterlite Indurtries India Ltd - Adr | SLT.UN | 2,373,000 | 37,896,810 | 1.23 | ||
| B1RZDL6 | Cairn Energy | CNE.LN | 829,200 | 36,933,139 | 1.20 | ||
| 2166160 | Cameco Corp | CCO.CT | 1,308,640 | 36,314,103 | 1.18 | ||
| 26884L109 | EQT Corp Com | EQT.UN | 838,100 | 35,703,060 | 1.16 | ||
| 651639106 | Newmont Mining | NEM.UN | 806,800 | 35,515,336 | 1.15 | ||
| 008474108 | Agnico-eagle Mines Limited | AEM.UN | 515,700 | 34,990,245 | 1.14 | ||
| 18683K101 | Cliffs Natural Resources Inc Com | CLF.UN | 991,300 | 32,078,468 | 1.04 | ||
| 165167107 | Chesapeake Energy Corp. | CHK.UN | 1,109,200 | 31,501,280 | 1.02 | ||
| 88031M109 | Tenaris Sa - Adr | TS.UN | 878,800 | 31,302,856 | 1.02 | ||
| 759470107 | Reliance Industries Ltd Gdr 144a | RLNIY.U | 338,560 | 30,990,157 | 1.01 | ||
| 867224107 | Suncor Energy Inc. | SU UN | 870,400 | 30,081,024 | 0.98 | ||
| 532349107 | Lihir Gold Ltd - Sponspored Adr | LIHR.UW | 1,196,100 | 29,962,305 | 0.97 | ||
| 30249U101 | FMC Technologies, Inc. | FTI.UN | 563,100 | 29,416,344 | 0.96 | ||
| 80007P307 | Sandridge Energy Inc | SD.UN | 2,221,400 | 28,789,344 | 0.94 | ||
| 91912E105 | VALE Sa - Spon Adr | VALE.UN | 1,247,000 | 28,843,110 | 0.94 | ||
| 767204100 | RIO Tinto Plc Spon Adr | RTP.UN | 158,300 | 26,956,907 | 0.88 | ||
| 02076X102 | Alpha Natural Re | ANR.UN | 744,300 | 26,124,930 | 0.85 | ||
| 697900108 | PAN American Silver Corp (usd) | PAAS.UW | 1,125,200 | 25,654,560 | 0.83 | ||
| 423452101 | Helmerich & Payne, Inc. | HP.UN | 636,100 | 25,145,033 | 0.82 | ||
| 6041122 | African Rainbow | ARI.SJ | 1,236,900 | 24,698,482 | 0.80 | ||
| 629377508 | NRG Energy Inc | NRG.UN | 860,600 | 24,260,314 | 0.79 | ||
| 6657604 | OIL Search Limited | OSH.AU | 4,170,785 | 23,661,335 | 0.77 | ||
| B3BXMS0 | LLX Logistica Sa | LLXL3.B | 6,146,994 | 22,692,109 | 0.74 | ||
| 452553308 | Impala Platinum Spon Adr | IMPUY.U | 950,400 | 22,562,496 | 0.73 | ||
| 966387102 | Whiting Petroleum Corp. | WLL.UN | 392,507 | 22,600,553 | 0.73 | ||
| 2795371 | Semafo Inc 144a (physical) | SMF.CN | 8,096,000 | 21,475,403 | 0.70 | ||
| G25343107 | Cosan Ltd Class A Shares | CZZ.UN | 2,719,400 | 21,483,260 | 0.70 | ||
| 2602073 | European Gold Lt | EGU.CT | 4,519,100 | 21,020,051 | 0.68 | ||
| 828336107 | Silver Wheaton Corp | SLW.UN | 1,655,600 | 20,844,004 | 0.68 | ||
| B18XCG7 | MMX Mineracao | MMXM3.B | 3,134,000 | 19,512,317 | 0.63 | ||
| 868157108 | Superior Energy Services | SPN.UN | 827,400 | 18,633,048 | 0.61 | ||
| 049298102 | Atlas Energy Inc. | ATLS.UQ | 658,657 | 17,829,845 | 0.58 | ||
| 73755L107 | Potash Corporation Of Saskatchewan Inc | POT.UN | 191,400 | 17,291,076 | 0.56 | ||
| 84265V105 | Southern Copper Corp | PCU.UN | 539,600 | 16,560,324 | 0.54 | ||
| 247916208 | Denbury Resources, Inc. | DNR.UN | 1,051,300 | 15,906,169 | 0.52 | ||
| 25179M103 | Devon Energy Corp. | DVN.UN | 228,700 | 15,398,371 | 0.50 | ||
| 156431108 | Century Aluminum Co. | CENX.UW | 1,598,900 | 14,949,715 | 0.49 | ||
| 811916105 | Seabridge Gold Inc | SA.UA | 504,300 | 14,422,980 | 0.47 | ||
| 013817101 | Alcoa, Inc. | AA.UN | 1,055,100 | 13,842,912 | 0.45 | ||
| 261608103 | Dresser-rand Group Inc | DRC.UN | 447,900 | 13,916,253 | 0.45 | ||
| 422704106 | Hecla Mining Co | HL.UN | 3,092,700 | 13,576,953 | 0.44 | ||
| 98584B103 | Yingli Green Energy Hold-adr | YGE.UN | 1,007,000 | 12,547,220 | 0.41 | ||
| 66510M204 | Northern Dynasty Minerals | NAK UA | 1,398,700 | 10,308,419 | 0.33 | ||
| 45822B205 | Integra Group Hold-reg S Gdr | INTE.LI | 3,037,450 | 9,750,215 | 0.32 | ||
| B12CM37 | LINC Energy Ltd | LNC.AU | 6,430,000 | 9,552,810 | 0.31 | ||
| ZODIACEP | Zodiac Exploration Corp - Private | 13,500,000 | 9,165,310 | 0.30 | |||
| 2631486 | Nevsun Resources Ltd | NSU.CT | 4,052,100 | 8,288,515 | 0.27 | ||
| 35903Q106 | Fronteer Development Group | FRG.N | 1,796,500 | 7,689,020 | 0.25 | ||
| 2842374 | Gabriel Res Ltd | GBU.CT | 3,528,300 | 7,118,225 | 0.23 | ||
| B66PKS8D | Advantage Oil & Gas Ltd - Reg-d Shares 144a | 983,300 | 6,952,394 | 0.23 | |||
| B00R3Q7 | OPTI Canada Inc | OPC.CT | 3,041,436 | 6,107,586 | 0.20 | ||
| 2346746 | FNX Mining Company | 713,100 | 6,247,493 | 0.20 | |||
| 6261243 | Western Areas Nl | WSA.AU | 1,452,900 | 6,225,266 | 0.20 | ||
| B1FFT76 | Impala Platinum Holdings Ltd | IMP.SJ | 224,010 | 5,218,550 | 0.17 | ||
| 346091705 | Forest Oil Corp. | FST.UN | 241,600 | 4,728,112 | 0.15 | ||
| 33744R102 | First Uranium Corp | FURAF.U | 1,267,700 | 3,398,215 | 0.11 | ||
| 2916514 | UTS Energy Corp | 1,974,400 | 3,190,316 | 0.10 | |||
| B66PKS8 | Advantage Oil & Gas Ltd | AAV.CT | 361,200 | 2,553,854 | 0.08 | ||
| 70336T104 | Patriot Coal Corp | PCX.UN | 206,100 | 2,423,736 | 0.08 | ||
| 2669272 | PAN Amer Silver | PAA.CT | 95,067 | 2,182,550 | 0.07 | ||
| 3355172 | Archipelago Resources Plc | AR/.LO | 4,800,000 | 1,956,147 | 0.06 | ||
| 33744R201 | First Uranium Corp | 600,000 | 1,608,369 | 0.05 | |||
| 3355172 | Archipelago Resources Plc | 3,200,000 | 1,304,098 | 0.04 | |||
| 336433107 | First Solar Inc | FSLR.UW | 7,200 | 1,100,592 | 0.04 | ||
| 3236017 | Highland Gold Mining Ltd | HGM.LN | 792,400 | 1,000,441 | 0.03 | ||
| 38068N108 | GOLD Reserve Inc | GRZ.UA | 993,800 | 864,606 | 0.03 | ||
| 2016599 | Axmin Inc | AXM.CV | 6,303,400 | 883,118 | 0.03 | ||
| B28XYV3 | Agrenco Ltd - Bdr | AGEN11. | 2,183,300 | 1,035,207 | 0.03 | ||
| B1B5GC4 | Platmin Ltd | PPN.CT | 523,100 | 684,014 | 0.02 | ||
| H8817H100 | Transocean Ltd | RIG.UN | 2,500 | 213,825 | 0.01 | ||
| 0718875 | RIO Tinto Plc | RIO.LN | 10,522 | 448,730 | 0.01 | ||
| 2391445 | GOLD Reserve Inc | GRZ.CT | 216,800 | 198,444 | 0.01 | ||
| ZODIACWRT | Zodiac Exploration Corp -private Placement | 02/10/2012 | 13,500,000 | 0 | 0.00 | ||
| 055934103 | BPI Energy Holdings Inc | BPG.A | 3,600,000 | 36,000 | 0.00 | ||
| TRIDENTWT | Trident Warrant | 11/28/2009 | 2,591,932 | 0 | 0.00 | ||
| 670346105 | Nucor Corp. | NUE.UN | 2,200 | 103,422 | 0.00 | ||
| 896999950 | Trident Resources Corp | 551,694 | 0 | 0.00 |