Fundamental Analysis - HUI Index Members with Tables + Index Analysis

Page 60

14.09.2012

Golden Star Resources Ltd Holdings By:

All

Holder Name SENTRY SELECT CAPITA SENTRY SELECT CAPITA VAN ECK ASSOCIATES C HEARTLAND ADVISORS I ACADIAN ASSET MANAGE BLACKROCK FUND ADVIS STATE STREET CORP BLACKROCK INSTITUTIO NORTHERN TRUST CORPO BATTERYMARCH FINANCI NORGES BANK BLACKROCK INC SUN VALLEY GOLD LLC TIAA CREF INVESTMENT BMO FINANCIAL CORP LEGG MASON CAPITAL M RENAISSANCE TECHNOLO GOLDMAN SACHS GROUP BPI FUNDOS GFIM SA/P JONES HEWARD INVESTM

Firm Name Macquarie Canaccord Genuity Corp EVA Dimensions CIBC World Markets Raymond James National Bank Financial Scotia Capital Credit Suisse BMO Capital Markets Paradigm Capital Inc

Portfolio Name SENTRY SELECT CAPITA n/a VAN ECK ASSOCIATES C HEARTLAND ADVISORS I ACADIAN ASSET MANAGE BLACKROCK FUND ADVIS STATE STREET CORPORA BLACKROCK INSTITUTIO NORTHERN TRUST CORPO BATTERYMARCH FINANCI NORGES BANK BLACKROCK INC SUN VALLEY GOLD LLC TIAA-CREF INVESTMENT BMO FINANCIAL CORP Multiple Portfolios RENAISSANCE TECHNOLO GOLDMAN SACHS GROUP Multiple Portfolios Multiple Portfolios

Analyst PIERRE VAILLANCOURT RAHUL PAUL TEAM COVERAGE COSMOS CHIU BRAD HUMPHREY PAOLO LOSTRITTO TREVOR TURNBULL ANITA SONI ANDREW BREICHMANAS DON MACLEAN

Source 13F PROXY 13F 13F 13F 13F 13F 13F 13F 13F 13F 13F 13F 13F 13F MF-AGG 13F 13F MF-AGG MF-AGG

Recommendation neutral hold buy sector perform market perform sector perform sector perform neutral market perform sell

Amt Held 34'588'600 32'626'900 29'551'718 27'972'500 7'151'979 5'701'267 4'505'660 4'144'032 2'944'837 2'314'354 1'934'059 1'868'773 1'822'482 1'371'693 1'364'452 1'350'494 1'253'700 1'159'509 1'132'798 1'118'669

% Out 13.36 12.6 11.42 10.81 2.76 2.2 1.74 1.6 1.14 0.89 0.75 0.72 0.7 0.53 0.53 0.52 0.48 0.45 0.44 0.43

Weighting

Change 3 3 5 3 3 3 3 3 3 1

M M U M M M M M M M

Latest Chg 34'588'600 5'990'936 5'789'250 (1'214'032) 764'430 (275'630) (751'232) 40'470 638'051 1'934'059 (1'160'481) 116'122 102'421 434'841 1'253'700 70'245 -

Target Price 2 1 #N/A N/A 2 2 2 1 2 2 4

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

File Dt 30.06.2012 14.03.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 31.12.2011 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 30.06.2012 06.09.2012

Date 12 month 12 month Not Provided Not Provided 12 month 12 month 12 month Not Provided Not Provided 12 month

Inst Type Investment Advisor Investment Advisor Investment Advisor Investment Advisor Hedge Fund Manager Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Government Investment Advisor Hedge Fund Manager Investment Advisor Investment Advisor Investment Advisor Hedge Fund Manager Investment Advisor Mutual Fund Manager Investment Advisor

Date 07.09.2012 04.09.2012 17.08.2012 13.08.2012 10.08.2012 10.08.2012 09.08.2012 23.07.2012 17.07.2012 21.02.2012


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