| | % of Net Assets | Name | Identifier | Market Price($) | Shares Held | Market Value($) |
| | 22.50 | SOC QUIMICA Y MINERA ADR | 833635105 | 51.00 | 305,200.00 | 15,565,200.00 |
| | 15.77 | FMC CORP | 302491303 | 70.53 | 154,700.00 | 10,910,991.00 |
| | 8.01 | ROCKWOOD HOLDINGS INC | 774415103 | 34.66 | 159,950.00 | 5,543,867.00 |
| | 5.03 | ENER1 INCORPORATED | 29267A203 | 4.28 | 813,400.00 | 3,481,352.00 |
| | 4.75 | SANYO ELECTRIC | 6776769 | 1.68 | 1,953,000.00 | 3,286,990.17 |
| | 4.75 | SAFT GROUPE S.A. | B09YFD0 | 40.47 | 81,200.00 | 3,285,913.07 |
| | 4.51 | ADVANCED BATTERY TECH. | 00752H102 | 3.96 | 788,200.00 | 3,121,272.00 |
| | 4.18 | GS YUASA CORP | 6744250 | 7.40 | 390,600.00 | 2,888,712.53 |
| | 3.55 | A123 SYSTEMS INC | 03739T108 | 9.00 | 273,000.00 | 2,457,000.00 |
| | 3.51 | EXIDE TECHNOLOGIES | 302051206 | 5.44 | 445,900.00 | 2,425,696.00 |
| | 3.36 | AVALON RARE METALS INC | 2024138 | 3.67 | 633,850.00 | 2,324,388.16 |
| | 3.31 | VALENCE TECH INC. | 918914102 | 1.31 | 1,745,800.00 | 2,286,998.00 |
| | 3.25 | GALAXY RESOURCES LTD | B1LJTM7 | 1.38 | 1,622,600.00 | 2,246,657.17 |
| | 2.93 | CHINA BAK BATTERY INC | 16936Y100 | 2.05 | 988,050.00 | 2,025,502.50 |
| | 2.85 | COSLIGHT TECHNOLOGY INT'L | 6187361 | 0.78 | 2,513,000.00 | 1,969,862.31 |
| | 2.51 | ULTRA LIFE BATTERIES INC | 903899102 | 4.75 | 365,050.00 | 1,733,987.50 |
| | 1.78 | ELECTROVAYA INC | 2711065 | 3.23 | 380,450.00 | 1,229,684.19 |
| | 1.56 | OROCOBRE LTD | B293GJ4 | 2.32 | 464,100.00 | 1,078,640.52 |
| | 1.27 | CANADA LITHIUM CORP | 2616171 | 0.81 | 1,081,500.00 | 876,574.08 |
| | 0.73 | LITHIUM ONE INC | 2712132 | 1.09 | 464,800.00 | 505,367.20 |
| | 0.07 | AUSTRALIAN DOLLAR | AUD | 0.99 | 50,195.56 | 49,643.52 |
| | -0.15 | CASH | CASH | 1.00 | -100,970.05 | -100,970.05 |
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