The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BAKER HUGHES INC COM COM 057224107 2,348 36,110 SH   SOLE   12,950 0 23,160
CHEVRON CORP NEW COM COM 166764100 1,463 12,305 SH   SOLE   4,250 0 8,055
COCA COLA COMPANY COM 191216100 1,812 46,879 SH   SOLE   17,101 0 29,778
CUMMINS INC COM 231021106 2,866 19,234 SH   SOLE   6,892 0 12,342
DU PONT E I DE NEMOURS & CO CO COM 263534109 2,724 40,595 SH   SOLE   13,920 0 26,675
EXXON MOBIL CORP COM COM 30231G102 2,211 22,631 SH   SOLE   5,946 0 16,685
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 1,957 59,178 SH   SOLE   20,104 0 39,074
INTERNATIONAL BUSINESS MACHS C COM 459200101 3,003 15,600 SH   SOLE   5,595 0 10,005
MERCK & CO INC NEW COM COM 58933Y105 2,782 49,005 SH   SOLE   17,105 0 31,900
MURPHY OIL CORP COM 626717102 1,757 27,955 SH   SOLE   10,285 0 17,670
MURPHY USA INC COM COM 626755102 280 6,896 SH   SOLE   2,463 0 4,433
NEWMONT MNG CORP COM COM 651639106 1,941 82,814 SH   SOLE   28,454 0 54,360
ORACLE CORP COM COM 68389X105 3,011 73,605 SH   SOLE   26,360 0 47,245
PEPSICO INC COM COM 713448108 1,885 22,580 SH   SOLE   8,045 0 14,535
PHILIP MORRIS INTL INC COM COM 718172109 2,259 27,595 SH   SOLE   10,070 0 17,525
QUALCOMM INC COM 747525103 2,999 38,027 SH   SOLE   13,735 0 24,292
RLI CORP COM 749607107 2,385 53,917 SH   SOLE   19,042 0 34,875
AGNICO EAGLE MINES LTD COM ADR 008474108 2,370 78,345 SH   SOLE   27,425 0 50,920
BARRICK GOLD CORP COM ISIN#CA0 ADR 067901108 2,081 116,700 SH   SOLE   29,970 0 86,730
BCE INC COM NEW ISIN#CA05534B7 ADR 05534B760 1,075 24,910 SH   SOLE   7,030 0 17,880
BHP BILLITON LTD SPONSORED ADR ADR 088606108 2,227 32,865 SH   SOLE   11,050 0 21,815
CANADIAN NATL RY CO COM ISIN#C ADR 136375102 1,480 26,333 SH   SOLE   9,238 0 17,095
GLAXOSMITHKLINE PLC SPONS ADR ADR 37733W105 862 16,130 SH   SOLE   5,905 0 10,225
GOLDCORP INC NEW COM ISIN#CA38 ADR 380956409 2,282 93,200 SH   SOLE   32,400 0 60,800
POTASH CORP OF SASKATCHEWAN IN ADR 73755L107 1,911 52,760 SH   SOLE   17,840 0 34,920
RIO TINTO PLC SPONSORED ADR IS ADR 767204100 2,264 40,544 SH   SOLE   13,783 0 26,761
ROYAL DUTCH SHELL PLC SPONSORE ADR 780259206 902 12,343 SH   SOLE   4,647 0 7,696
SUNCOR ENERGY INC NEW COM ISIN ADR 867224107 1,427 40,825 SH   SOLE   15,010 0 25,815
WILLIS GROUP HLDGS PUBLIC LTD ADR G96666105 849 19,240 SH   SOLE   7,290 0 11,950
YAMANA GOLD INC COM ISIN#CA984 ADR 98462Y100 2,067 235,435 SH   SOLE   83,100 0 152,335
EL PASO PIPELINE PARTNERS L P LTD 283702108 1,971 64,868 SH   SOLE   21,823 0 43,045
TEEKAY LNG PARTNERS L P PARTNE LTD Y8564M105 838 20,285 SH   SOLE   7,645 0 12,640
TERRA NITROGEN COMPANY L.P. DE LTD 881005201 1,204 7,910 SH   SOLE   680 0 7,230
ISHARES GSCI COMMODITY INDEXED ETF 46428R107 203 6,150 SH   SOLE   390 0 5,760
ISHARES TR MTG REAL ESTATE CAP ETF 464288539 2,939 239,750 SH   SOLE   19,970 0 219,780
MARKET VECTORS ETF TR GOLD MIN ETF 57060U100 473 20,048 SH   SOLE   1,305 0 18,743
SPDR DOW JONES INDL AVERAGE ET ETF 78467X109 1,076 6,551 SH   SOLE   428 0 6,123
ISHARES TR IBOXX USD INVT GRAD ETF 464287242 527 4,510 SH   SOLE   0 0 4,510
FIFTH ST FIN CORP COM OTH 31678A103 3,385 357,865 SH   SOLE   122,425 0 235,440