Top Ten Holdings as of 06/30/10 1. Market Vectors Gold Miners ETF GDX 2. Market Vectors Brazil Small-Cap ETF BRF 3. BlackRock Real Asset Equity Trust BCF 4. Market Vectors Agribusiness ETF MOO 5. The Asia Tigers Fund, Inc. GRR 6. Japan Smaller Capitalization Fund JOF 7. The Taiwan Fund, Inc TWN 8. ABB Ltd. ABB 9. Cherokee, Inc. CHKE 10. Intel Corporation INTC Starboard's Top Holdings are subject to change and may not be representative of current or future investments in your portfolio. This list should not be viewed as a recommendation to purchase or sell a particular security. You should not assume that investments on this list were or are profitable.