| Fund Name: | Sun Valley Gold |
| Manager | Peter Franklin Palmedo |
| Portfolio Value | $834,667,000 |
| Change This QTR | +0.63% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | Spdr Gold TrustCALL |
GLD | 2,100,000 | $319,179 | -48% |
38.24% |
| 2.) | ABX | 1,411,659 | $63,878 |  |
7.65% | |
| 3.) | SWC | 5,847,268 | $61,162 | +16% |
7.32% | |
| 4.) | Market Vectors E T F Trust |
2,053,741 | $50,727 | +292% |
6.07% | |
| 5.) | GLD | 315,349 | $47,930 | -38% |
5.74% | |
| 6.) | KGC | 3,244,452 | $36,987 | +55% |
4.43% | |
| 7.) | AEM | 948,562 | $34,452 | +32% |
4.12% | |
| 8.) | CDE | 1,271,795 | $30,701 | +128% |
3.67% | |
| 9.) | GOLD | 293,730 | $29,990 | -21% |
3.59% | |
| 10.) | VGZ | 8,738,103 | $26,826 | +6% |
3.21% | |
| 11.) | JAG | 3,743,399 | $23,869 | -13% |
2.85% | |
| 12.) | EGO | 1,216,305 | $16,728 | +227% |
2% | |
| 13.) | Aurico Gold Inc |
1,782,885 | $14,281 | |
1.71% | |
| 14.) | HBM | 1,264,800 | $12,581 |  |
1.5% | |
| 15.) | Market Vectors E T F Trust |
224,105 | $11,526 | +173% |
1.38% | |
| 16.) | Primero Mining |
2,806,200 | $8,947 | |
1.07% | |
| 17.) | MFN | 818,646 | $8,697 | |
1.04% | |
| 18.) | AZK | 1,696,825 | $8,323 | |
0.99% | |
| 19.) | MVG | 986,206 | $6,482 | |
0.77% | |
| 20.) | XRA | 2,064,017 | $5,406 | |
0.64% |
