Værdipapir Valuta Antal/nom Valutakurs Kurs Kursværdi Antal/nom Valutakurs Kurs Kursværdi

Årsrapport beholdning DANSKE INVEST ENGROS FLEXINVEST AKTIER Urevideret specifikation af børsnoterede finansielle instrumenter jvf. 42 stk. 2 i Bekendtgørelse om finansielle rapporter for investeringsforeninger og specialforeninger m.v. 31-12-2010 31-12-2011 Værdipapir Valuta Antal/nom Valutakurs Kurs Kursværdi Antal/nom Valutakurs Kurs Kursværdi Investeringsforeninger fra danske udstedere D.I. Engros USA DKK 4.377.132 100,000 133,843 585.848.855 3.393.244 100,000 119,723 406.248.469 DI Europa Small Cap DKK 1.302.758 100,000 194,598 253.513.584 1.627.758 100,000 149,806 243.848.268 DI GEM Solution DKK 0 582.795 100,000 88,242 51.426.848 DI Nye Markeder Small Cap DKK 448.001 100,000 158,239 70.891.427 575.425 100,000 133,353 76.734.573 Danske Invest Japan DKK 3.504.620 100,000 78,324 274.495.513 2.967.620 100,000 67,414 200.057.787 Danske Invest Teknol DKK 1.360.000 100,000 44,863 61.013.926 2.300.000 100,000 41,081 94.486.077 Danske Invest USA DKK 9.208.929 100,000 61,286 564.382.622 7.725.000 100,000 63,746 492.441.674 Engros Emerging Markets DKK 526.000 100,000 375,142 197.324.678 331.000 100,000 333,132 110.266.692 I alt i DKK 2.007.470.605 1.675.510.388 I alt for investeringsforeninger fra danske udstedere 2.007.470.605 1.675.510.388 Noterede aktier fra danske udstedere A.P. Møller - Mærsk A DKK 2 100,000 49.140,000 98.280 2 100,000 35.840,000 71.680 A.P. Møller - Mærsk B DKK 1.779 100,000 50.510,000 89.857.290 1.828 100,000 37.920,000 69.317.760 Arkil Holding DKK 2.566 100,000 528,000 1.354.848 3.166 100,000 390,000 1.234.740 Bavarian Nordic DKK 28.303 100,000 245,000 6.934.235 143.119 100,000 38,400 5.495.770 Carlsberg B DKK 84.824 100,000 558,500 47.374.204 70.934 100,000 405,000 28.728.270 Chr. Hansen Holding DKK 0 101.536 100,000 124,900 12.681.846 Coloplast B DKK 16.394 100,000 758,000 12.426.652 20.294 100,000 826,000 16.762.844 D S Norden DKK 21.050 100,000 202,500 4.262.625 7.058 100,000 134,500 949.301 DFDS DKK 0 4.000 100,000 355,000 1.420.000 DSV DKK 644.333 100,000 123,300 79.446.259 475.867 100,000 103,000 49.014.301 Danisco DKK 35.233 100,000 510,000 17.968.830 0 Danske Bank DKK 584.802 100,000 143,000 83.626.686 491.919 100,000 72,950 35.885.491 Exiqon DKK 301.171 100,000 9,500 2.861.125 423.398 100,000 9,600 4.064.621 FLSmidth & CO DKK 43.300 100,000 532,000 23.035.600 46.100 100,000 337,500 15.558.750 GN Store Nord. DKK 286.314 100,000 50,850 14.559.067 313.314 100,000 48,380 15.158.131 Genmab DKK 1.479 100,000 65,500 96.875 0 H. Lundbeck DKK 39.100 100,000 106,000 4.144.600 45.400 100,000 108,000 4.903.200 Jyske Bank DKK 49.992 100,000 259,000 12.947.928 65.439 100,000 141,000 9.226.899 NKT Holding DKK 16.375 100,000 297,200 4.866.650 32.563 100,000 190,800 6.213.020 NeuroSearch DKK 76.160 100,000 95,000 7.235.200 65.433 100,000 17,700 1.158.164 North Media AS DKK 34.190 100,000 36,000 1.230.840 31.490 100,000 22,800 717.972 Novo Nordisk B DKK 385.290 100,000 629,000 242.347.410 358.035 100,000 660,000 236.303.100 Novozymes DKK 26.890 100,000 777,000 20.893.530 0 Novozymes B DKK 0 100.950 100,000 177,300 17.898.435 Pandora DKK 71.422 100,000 336,000 23.997.792 63.486 100,000 54,000 3.428.244 Per Aarsleff B DKK 4.650 100,000 415,000 1.929.750 996 100,000 402,000 400.392

Roblon DKK 342 100,000 670,000 229.140 342 100,000 638,000 218.196 Rockwool International B DKK 5.250 100,000 695,000 3.648.750 7.250 100,000 460,800 3.340.800 Solar Holding B DKK 7.819 100,000 424,000 3.315.256 11.219 100,000 230,000 2.580.370 Sydbank DKK 36.668 100,000 151,300 5.547.868 52.618 100,000 90,100 4.740.882 TDC DKK 0 245.871 100,000 46,060 11.324.818 Topdanmark DKK 9.556 100,000 737,500 7.047.550 11.100 100,000 895,000 9.934.500 Topsil DKK 376.000 100,000 1,470 552.720 0 Tryg DKK 95.899 100,000 257,500 24.693.993 74.768 100,000 319,000 23.850.992 Vestas Wind Systems DKK 151.650 100,000 176,100 26.705.565 101.450 100,000 62,000 6.289.900 William Demant Holding DKK 10.114 100,000 412,000 4.166.968 26.196 100,000 477,600 12.511.210 I alt i DKK 779.404.085 611.384.599 I alt for noterede aktier fra danske udstedere 779.404.085 611.384.599 Noterede aktier fra udenlandske udstedere Caltex Australia AUD 0 17.980 586,963 11,770 1.242.158 Fortescue Metals AUD 61.860 569,433 6,540 2.303.722 0 Iluka Resources AUD 0 44.140 586,963 15,500 4.015.824 Newcrest Mining AUD 9.820 569,433 40,440 2.261.336 0 OZ Minerals AUD 193.010 569,433 1,720 1.890.387 0 Rio Tinto Inc. AUD 4.670 569,433 85,470 2.272.862 0 BHP Billiton Ltd AUD 8.950 569,433 45,250 2.306.132 0 I alt i AUD 11.034.439 5.257.982 Agnico-Eagle Mines CAD 4.650 559,012 76,600 1.991.144 0 Barrick Gold CAD 7.240 559,012 53,120 2.149.897 0 Centerra Gold CAD 0 17.680 562,274 18,000 1.789.379 Fairfax Financial (CAD) CAD 1.180 559,012 408,990 2.697.837 0 First Quantum Minerals CAD 3.990 559,012 108,000 2.408.894 0 Goldcorp CAD 8.290 559,012 45,880 2.126.175 0 Husky Energy Inc. CAD 0 39.070 562,274 24,550 5.393.150 Kinross Gold CAD 21.260 559,012 18,910 2.247.376 0 Magna International CAD 0 21.220 562,274 34,000 4.056.691 Saputo inc. CAD 5.320 559,012 39,580 1.177.087 0 Shaw Communications CAD 0 3.590 562,274 20,250 408.759 Silver Wheaton CAD 10.110 559,012 38,980 2.202.997 0 Teck Resources CAD 7.180 559,012 61,790 2.480.068 0 Telus Corp. Non Vote CAD 13.110 559,012 43,250 3.169.639 0 Yamana Gold CAD 32.150 559,012 12,770 2.295.054 0 I alt i CAD 24.946.167 11.647.979 Aryzta AG CHF 10.900 595,955 43,150 2.802.987 0 Baloise CHF 86.335 595,955 91,000 46.821.147 71.537 612,271 64,400 28.207.239 Gategroup Holding CHF 0 8.343 612,271 22,750 1.162.111 Holcim CHF 100.102 595,955 70,650 42.147.195 0 Kuehne & Nagel Int. CHF 53.984 595,955 130,000 41.823.673 67.178 612,271 105,500 43.393.383 Nestlé CHF 0 17.468 612,271 54,000 5.775.385 Novartis Reg. CHF 0 119.171 612,271 53,700 39.182.203 Roche Holding Gs. CHF 0 3.856 612,271 159,200 3.758.582 Sulzer Reg. CHF 51.911 595,955 142,500 44.084.713 67.228 612,271 100,400 41.326.430 Swiss Life Holding CHF 0 5.430 612,271 86,400 2.872.484 Swisscom Reg. CHF 20.332 595,955 411,100 49.812.844 15.915 612,271 355,900 34.679.962 Synthes Inc. CHF 86.612 595,955 126,300 65.192.131 0 I alt i CHF 292.684.690 200.357.779 G4S DKK 197.052 100,000 22,800 4.492.786 0

Ossur DC DKK 81.165 100,000 9,400 762.951 188.165 100,000 8,550 1.608.811 Nordea DKK 259.309 100,000 60,950 15.804.884 243.809 100,000 44,060 10.742.225 I alt i DKK 21.060.620 12.351.035 Voestalpine EUR 204.498 745,245 35,650 54.331.026 153.191 743,235 21,670 24.672.793 Bekaert NV EUR 11.440 745,245 85,900 7.323.497 15.050 743,235 24,785 2.772.372 Belgacom EUR 141.222 745,245 25,125 26.442.818 110.542 743,235 24,240 19.915.265 Delhaize Group EUR 215.079 745,245 55,270 88.590.423 58.180 743,235 43,405 18.768.935 Groupe Bruxelles Lambert EUR 0 4.370 743,235 51,510 1.673.012 Bank of Cyprus Public Co. EUR 941.308 745,245 2,580 18.098.841 0 Adidas EUR 110.681 745,245 48,890 40.326.675 126.813 743,235 50,260 47.370.985 BASF SE EUR 156.433 745,245 59,700 69.598.841 64.356 743,235 53,890 25.776.466 Bayer EUR 179.573 745,245 55,300 74.005.752 173.705 743,235 49,400 63.777.196 Continental AG EUR 17.140 745,245 59,140 7.554.252 11.590 743,235 48,095 4.142.948 Daimler EUR 126.642 745,245 50,730 47.878.653 165.131 743,235 33,920 41.630.402 Deutsche Telekom EUR 85.010 745,245 9,655 6.116.762 68.430 743,235 8,865 4.508.701 Fielmann EUR 37.819 745,245 71,140 20.050.408 45.688 743,235 73,440 24.937.963 Gea Group EUR 324.592 745,245 21,630 52.323.120 247.081 743,235 21,850 40.125.175 Henkel KGaA Pref. EUR 0 7.001 743,235 44,590 2.320.191 Lanxess EUR 0 163.512 743,235 40,000 48.611.137 Linde EUR 96.944 745,245 113,550 82.036.548 85.564 743,235 114,950 73.101.486 Lufthansa EUR 7.900 745,245 16,355 962.891 0 Praktiker EUR 0 44.633 743,235 1,367 453.472 SAP Ord. EUR 0 8.144 743,235 40,850 2.472.612 Salzgitter EUR 5.700 745,245 57,770 2.454.011 0 Siemens Reg. EUR 0 78.469 743,235 73,940 43.122.479 Symrise EUR 0 7.945 743,235 20,620 1.217.611 ThyssenKrupp EUR 9.690 745,245 30,985 2.237.559 0 BSCH EUR 887.490 745,245 7,928 52.435.621 0 Grifols SA EUR 444.119 745,245 10,200 33.759.719 411.645 743,235 13,000 39.773.366 Grifols SA B EUR 0 40.543 743,235 8,400 2.531.170 Inditex EUR 163.474 745,245 56,030 68.260.367 133.926 743,235 63,280 62.987.957 Mediaset Espana Comunicacion EUR 465.594 745,245 8,230 28.556.601 374.709 743,235 4,410 12.281.711 Telefonica EUR 408.403 745,245 16,965 51.634.752 326.172 743,235 13,385 32.448.244 Metso EUR 183.036 745,245 41,800 57.018.016 123.821 743,235 28,650 26.366.051 Nokia EUR 512.280 745,245 7,740 29.549.332 0 Outokumpu Technology EUR 0 6.141 743,235 36,400 1.661.371 Sampo EUR 370.507 745,245 20,050 55.361.787 288.686 743,235 19,170 41.131.447 AXA EUR 0 374.316 743,235 10,045 27.945.667 Distribuidora Ali. EUR 0 1.858.970 743,235 3,495 48.288.722 Eramet EUR 1.160 745,245 256,500 2.217.403 0 Gdf Suez EUR 237.899 745,245 26,850 47.603.207 0 Lafarge EUR 92.020 745,245 46,920 32.176.554 0 Michelin B EUR 0 82.096 743,235 45,675 27.869.341 Safran Sa EUR 43.880 745,245 26,500 8.665.863 14.710 743,235 23,205 2.537.000 Sanofi EUR 103.073 745,245 47,850 36.755.824 107.721 743,235 56,750 45.435.195 Schneider EUR 51.749 745,245 112,000 43.193.589 115.966 743,235 40,680 35.062.088 Total SA EUR 368.646 745,245 39,650 108.931.133 379.506 743,235 39,500 111.414.546 Vallourec EUR 0 3.580 743,235 50,160 1.334.648 Vivendi EUR 332.206 745,245 20,200 50.010.149 260.034 743,235 16,920 32.700.670 CRH EUR 421.737 745,245 15,500 48.716.122 312.116 743,235 15,360 35.631.442 ENI EUR 434.869 745,245 16,340 52.955.346 390.456 743,235 16,010 46.461.110 Intesa Sanpaolo EUR 0 2.449.775 743,235 1,294 23.560.615 Maire Tecnimont EUR 1.018.037 745,245 3,293 24.979.782 761.427 743,235 0,992 5.611.089 Pirelli & Co EUR 0 806.503 743,235 6,505 38.992.353

Snam EUR 2.143.210 745,245 3,720 59.416.487 1.466.676 743,235 3,406 37.128.293 ArcelorMittal EUR 11.400 745,245 28,380 2.411.107 0 Boskalis Westminster EUR 0 94.888 743,235 28,390 20.021.787 Fugro EUR 236.850 745,245 61,500 108.554.494 260.691 743,235 44,895 86.986.162 Gemalto EUR 0 6.160 743,235 37,580 1.720.536 Heineken EUR 228.745 745,245 36,690 62.545.868 156.040 743,235 35,770 41.484.039 KPN EUR 0 457.226 743,235 9,245 31.416.948 Koninklijke DSM EUR 27.730 745,245 42,605 8.804.602 0 Koninklijke Vopak EUR 237.948 745,245 35,350 62.686.032 232.814 743,235 40,825 70.641.748 Unilever EUR 299.558 745,245 23,300 52.015.904 204.899 743,235 26,570 40.462.950 Jeronimo Martins EUR 0 280.652 743,235 12,790 26.678.711 I alt i EUR 1.789.547.737 1.549.938.180 Xstrata GBP 17.690 869,731 15,055 2.316.292 0 Antofagasta GBP 17.560 869,731 16,120 2.461.922 0 Anglo American (GPB) GBP 8.280 869,731 33,355 2.402.017 0 BAT GBP 281.260 869,731 24,635 60.262.250 181.367 889,775 30,555 49.308.383 BP GBP 29.890 869,731 4,656 1.210.255 0 BT Group GBP 0 310.760 889,775 1,909 5.278.509 Barclays GBP 0 171.975 889,775 1,761 2.693.900 Barratt Developments GBP 0 149.844 889,775 0,929 1.238.612 Berendsen GBP 185.883 869,731 4,366 7.058.432 145.500 889,775 4,352 5.634.198 Croda International GBP 330.684 869,731 16,160 46.477.134 270.420 889,775 18,040 43.406.577 Diageo GBP 442.696 869,731 11,850 45.625.617 323.145 889,775 14,065 40.440.580 Eurasian Natural Resources GBP 26.710 869,731 10,480 2.434.557 0 Ferrexpo Plc GBP 50.420 869,731 4,159 1.823.797 0 Fresnillo GBP 16.460 869,731 16,680 2.387.870 0 GKN GBP 0 284.140 889,775 1,830 4.626.618 GlaxoSmithKline GBP 475.411 869,731 12,400 51.271.463 363.343 889,775 14,715 47.572.641 HSBC Holdings GBP 737.988 869,731 6,511 41.790.907 793.881 889,775 4,911 34.686.567 Hiscox Ltd GBP 0 38.155 889,775 3,735 1.268.009 International Power GBP 102.750 869,731 4,376 3.910.605 0 Legal & General GBP 886.370 869,731 0,968 7.458.488 0 Old Mutual GBP 0 64.750 889,775 1,355 780.655 Royal Dutch Shell B GBP 329.093 869,731 21,150 60.536.013 230.347 889,775 24,540 50.296.448 SSE GBP 541.982 869,731 12,250 57.743.852 332.998 889,775 12,910 38.251.464 Standard Chartered GBP 0 20.633 889,775 14,090 2.586.745 Tesco GBP 1.165.541 869,731 4,250 43.082.539 975.988 889,775 4,035 35.035.990 Travis Perkins GBP 0 16.122 889,775 7,955 1.141.141 Vodafone Group GBP 36.890 869,731 1,658 531.959 0 Randgold Resources GBP 4.090 869,731 52,750 1.876.422 0 Wolseley GBP 266.816 869,731 20,460 47.479.080 11.809 889,775 21,320 2.240.168 I alt i GBP 490.141.472 366.487.206 China Petroleum & Chemical HKD 1.597.680 71,458 7,440 8.493.979 0 CLP Holdings HKD 0 36.440 73,718 66,050 1.774.281 Cathay Pacific Airlines HKD 323.740 71,458 21,450 4.962.175 206.530 73,718 13,320 2.027.956 Kingboard Chem. Hold. HKD 48.090 71,458 46,550 1.599.642 0 I alt i HKD 15.055.796 3.802.236 Bridgestone Corp. JPY 0 6.400 7,441 1.745,000 831.046 Dainippon Pharmaceutical JPY 0 55.000 7,441 877,000 3.589.320 Eisai JPY 0 9.950 7,441 3.185,000 2.358.209 JX Holding JPY 235.000 6,849 551,000 8.868.428 173.430 7,441 465,000 6.001.047 KDDI Corp. JPY 0 110 7,441 495.000,000 4.051.798 Kamigumi JPY 0 16.000 7,441 664,000 790.566

Mitsubishi Chemical Holdings JPY 0 11.850 7,441 424,000 373.882 NGK Spark Plug JPY 44.000 6,849 1.246,000 3.754.896 27.400 7,441 955,000 1.947.170 NHK Spring JPY 98.290 6,849 883,000 5.944.252 0 Nitto Denko JPY 9.400 6,849 3.825,000 2.462.558 0 Sega Sammy Hld. JPY 67.500 6,849 1.545,000 7.142.651 14.010 7,441 1.663,000 1.733.725 Sumitomo Mitsui Financial Gr. JPY 50.000 6,849 2.892,000 9.903.654 33.700 7,441 2.144,000 5.376.561 I alt i JPY 38.076.438 27.053.323 Archer NOK 0 46.724 95,935 16,100 721.677 Aker Solutions ASA NOK 0 310.842 95,935 62,950 18.772.076 DNB NOK 782.070 95,568 81,900 61.212.897 673.510 95,935 58,550 37.830.999 Petroleum Geo-Services NOK 318.730 95,568 90,850 27.673.321 393.477 95,935 65,450 24.706.195 Statoil NOK 601.980 95,568 138,600 79.736.781 353.904 95,935 153,500 52.115.957 Telenor NOK 0 17.231 95,935 98,100 1.621.647 Yara Int. NOK 135.739 95,568 337,500 43.781.620 125.814 95,935 240,000 28.967.904 I alt i NOK 212.404.619 164.736.456 Alfa Laval SEK 473.965 82,627 141,700 55.492.652 638.254 83,517 130,400 69.509.908 Boliden SEK 71.670 82,627 136,700 8.095.157 65.270 83,517 100,500 5.478.419 Getinge SEK 0 10.018 83,517 174,400 1.459.161 SKF B SEK 361.101 82,627 191,600 57.166.757 199.390 83,517 145,600 24.246.013 I alt i SEK 120.754.565 100.693.500 Yangzijiang Shipbuilding SGD 419.570 433,604 1,910 3.474.809 537.680 441,549 0,910 2.160.452 Fraser & Neave SGD 0 28.700 441,549 6,200 785.693 United Overseas Land SGD 0 34.970 441,549 4,000 617.639 I alt i SGD 3.474.809 3.563.784 Partnerre USD 2.420 555,490 80,350 1.080.134 0 Garmin USD 41.120 555,490 30,990 7.078.658 0 Noble USD 7.530 555,490 35,770 1.496.202 0 Transocean USD 3.940 555,490 69,510 1.521.317 0 Accenture A USD 5.250 555,490 48,490 1.414.125 0 Seagate Technology USD 15.760 555,490 15,030 1.315.805 0 Willis Group USD 6.220 555,490 34,630 1.196.518 0 Lyondellbasell USD 0 5.330 572,535 32,490 991.469 Flextronics Int. USD 0 30.020 572,535 5,660 972.813 Jardine Strategic USD 8.009 555,490 27,680 1.231.461 0 AES Corporation USD 0 14.870 572,535 11,840 1.008.010 AFLAC USD 3.550 555,490 56,430 1.112.794 0 AT&T USD 5.140 555,490 29,380 838.863 6.160 572,535 30,240 1.066.509 Abbott Laboratories USD 7.150 555,490 47,910 1.902.867 0 Ace USD 28.660 555,490 62,250 9.910.414 0 Advanced Micro Devices USD 0 31.710 572,535 5,400 980.375 Aecom Technology USD 0 8.430 572,535 20,570 992.805 Aetna Inc. USD 0 19.320 572,535 42,190 4.666.795 Affymetrix USD 0 1.111 572,535 4,090 26.016 Agco USD 0 17.130 572,535 42,970 4.214.293 Alaska Air Group Inc. USD 0 2.540 572,535 75,090 1.091.988 Alcoa USD 0 18.100 572,535 8,650 896.389 Allegheny Energy USD 690 555,490 24,240 92.909 0 Altria Group USD 52.600 555,490 24,620 7.193.662 0 Ameren Corp. USD 570 555,490 28,190 89.258 0 American Electric Power USD 450 555,490 35,980 89.939 0 American Financial Group USD 21.290 555,490 32,290 3.818.739 0 Annaly Capital Management USD 10.820 555,490 17,920 1.077.064 11.020 572,535 15,960 1.006.970 Apache Corp. USD 0 1.850 572,535 90,580 959.414

Arch Coal USD 0 10.990 572,535 14,510 912.992 Archer Daniels Midland USD 4.000 555,490 30,080 668.366 38.880 572,535 28,600 6.366.406 Arrow Electronics USD 42.950 555,490 34,250 8.171.466 29.960 572,535 37,410 6.416.993 Assurant USD 4.760 555,490 38,520 1.018.520 0 Autoliv USD 0 3.250 572,535 53,490 995.309 Automatic Data Processing USD 5.460 555,490 46,280 1.403.661 0 Avnet USD 44.620 555,490 33,030 8.186.804 37.830 572,535 31,090 6.733.783 Avon Products USD 0 10.540 572,535 17,470 1.054.230 Axix Capital Holdings USD 0 35.080 572,535 31,960 6.419.015 Bank of America USD 0 31.050 572,535 5,560 988.413 Becton Dickinson USD 4.920 555,490 84,520 2.309.941 0 Best Buy Co. USD 4.660 555,490 34,290 887.625 6.380 572,535 23,370 853.653 Biogen Idec USD 22.260 555,490 67,050 8.290.872 6.250 572,535 110,050 3.937.967 Boston Scientific USD 0 32.110 572,535 5,340 981.711 Brocade Communications Sys USD 0 32.340 572,535 5,190 960.969 Bunge USD 0 21.070 572,535 57,200 6.900.215 CA Inc. USD 10.460 555,490 24,440 1.420.068 0 CF Industries USD 0 1.980 572,535 144,980 1.643.521 CVS Corp USD 0 4.690 572,535 40,780 1.095.020 Campbell Soup USD 3.690 555,490 34,750 712.291 0 Capital One Financial USD 6.680 555,490 42,560 1.579.263 9.170 572,535 42,290 2.220.287 CenterPoint Energy USD 990 555,490 15,720 86.450 0 CenturyLink USD 3.580 555,490 46,170 918.162 0 Cephalon USD 23.240 555,490 61,720 7.967.797 0 Chesapeake Energy USD 0 6.990 572,535 22,290 892.050 Chevron USD 22.960 555,490 91,250 11.638.071 13.170 572,535 106,400 8.022.864 Chubb USD 29.060 555,490 59,640 9.627.411 0 Cigna USD 0 4.160 572,535 42,000 1.000.333 Cincinnati Financial USD 6.460 555,490 31,690 1.137.185 0 Citigroup USD 0 6.040 572,535 26,310 909.829 Clorox USD 1.970 555,490 63,280 692.483 0 Comcast Corp. A USD 28.810 555,490 21,970 3.516.006 0 Computer Sciences USD 4.810 555,490 49,600 1.325.266 7.090 572,535 23,700 962.048 Conagra Foods USD 5.850 555,490 22,580 733.763 0 ConocoPhillips USD 4.170 555,490 68,100 1.577.464 0 Consolidated Edison Inc. USD 330 555,490 49,570 90.868 0 Constellation Brands USD 0 9.260 572,535 20,670 1.095.856 Constellation Energy Group USD 520 555,490 30,630 88.476 0 Corn Products Intl. USD 29.720 555,490 46,000 7.594.215 3.470 572,535 52,590 1.044.804 Corning USD 0 12.930 572,535 12,980 960.894 Coventry Health Care USD 0 5.660 572,535 30,370 984.154 DTE Energy USD 350 555,490 45,320 88.112 0 Darden Restaurants USD 4.250 555,490 46,440 1.096.371 0 Devon Energy USD 0 2.680 572,535 62,000 951.324 Devry USD 0 5.080 572,535 38,460 1.118.601 Diamond Offshore Drilling USD 3.700 555,490 66,870 1.374.388 0 Discover Financial Service USD 46.160 555,490 18,530 4.751.355 46.760 572,535 24,000 6.425.217 Dish Network USD 0 22.620 572,535 28,480 3.688.371 Dominion Resources USD 370 555,490 42,720 87.803 0 Domtar Corp. (US) USD 0 2.240 572,535 79,960 1.025.470 Du Pont de Nemours USD 4.350 555,490 49,880 1.205.291 0 Duke Energy USD 910 555,490 17,810 90.029 0 Eastman Chemical USD 2.590 555,490 84,080 1.209.675 0 Edison International USD 450 555,490 38,600 96.489 0

El Paso Pipeline Partners USD 490 555,490 33,450 91.048 0 Eli Lilly USD 10.610 555,490 35,040 2.065.170 31.080 572,535 41,560 7.395.348 Endo Pharmaceuticals Hld. USD 40.570 555,490 35,710 8.047.687 0 Energy Transfer Equity USD 420 555,490 39,070 91.153 0 Energy Transfer Partner USD 330 555,490 51,820 94.992 0 Entergy Corp USD 220 555,490 70,830 86.560 2.500 572,535 73,050 1.045.592 Everest Re Group USD 2.340 555,490 84,820 1.102.530 0 Exelon Corp. USD 390 555,490 41,640 90.209 0 Exxon Mobil USD 3.880 555,490 73,120 1.575.956 0 Fidelity National Information USD 0 7.110 572,535 26,590 1.082.405 First Solar Inc. USD 0 3.900 572,535 33,760 753.822 FirstEnergy Corp. USD 440 555,490 37,020 90.483 0 Freeport-Mcmoran Copper USD 3.590 555,490 120,090 2.394.846 0 Gamestop Corp USD 0 7.690 572,535 24,130 1.062.394 Gannett Co. USD 0 13.800 572,535 13,370 1.056.361 Gap Inc. USD 10.390 555,490 22,140 1.277.819 0 General Mills USD 3.600 555,490 35,590 711.716 0 General Motors USD 0 8.280 572,535 20,270 960.918 Genuine Parts USD 4.190 555,490 51,340 1.194.940 0 Genworth Financial Cl. A USD 0 26.670 572,535 6,550 1.000.153 H&R Block USD 18.440 555,490 11,910 1.219.969 0 H.J. Heinz USD 2.710 555,490 49,460 744.560 0 Harris Corp. USD 5.470 555,490 45,300 1.376.454 4.960 572,535 36,040 1.023.454 Hartford Financial Services USD 0 9.690 572,535 16,250 901.528 Hasbro USD 4.330 555,490 47,180 1.134.807 0 Health Management Ass. USD 0 22.980 572,535 7,370 969.660 Health Net USD 0 5.870 572,535 30,420 1.022.349 Hertz Global Holdings USD 0 15.000 572,535 11,720 1.006.517 Hess Corp. USD 0 2.970 572,535 56,800 965.844 Hewlett-Packard USD 5.580 555,490 42,100 1.304.946 6.370 572,535 25,760 939.480 HollyFrontier Corp USD 0 7.620 572,535 23,400 1.020.876 Honeywell International USD 6.340 555,490 53,160 1.872.192 0 Hormel Foods USD 2.980 555,490 51,260 848.538 0 Hudson City Bancorp USD 17.070 555,490 12,740 1.208.034 0 Humana USD 26.380 555,490 54,740 8.021.504 14.420 572,535 87,610 7.233.042 Huntsman Corp. USD 0 16.900 572,535 10,000 967.584 ITT Corporation USD 0 9.010 572,535 19,330 997.146 ITT Industries USD 6.180 555,490 52,110 1.788.899 0 Ingram Micro USD 0 9.900 572,535 18,190 1.031.027 Intel USD 86.400 555,490 21,030 10.093.209 52.840 572,535 24,250 7.336.292 Intl. Business Machines USD 1.720 555,490 146,760 1.402.208 0 JM Smucker USD 2.130 555,490 65,650 776.767 0 JPMorgan Chase USD 0 5.400 572,535 33,250 1.027.987 Jabil Circuit USD 0 8.610 572,535 19,660 969.145 Johnson & Johnson USD 5.890 555,490 61,850 2.023.631 0 Kimberly-Clark USD 2.020 555,490 63,040 707.365 0 Kraft Foods USD 4.210 555,490 31,510 736.897 0 Kroger Co. USD 0 7.570 572,535 24,220 1.049.717 Lear Corp. USD 0 4.350 572,535 39,800 991.230 Lexmark Int. USD 0 5.390 572,535 33,070 1.020.528 Lifepoint Hospitals USD 0 4.630 572,535 37,150 984.786 Lincoln National Corporation USD 0 8.640 572,535 19,420 960.650 Linear Technology Corp. USD 7.740 555,490 34,590 1.487.194 0 Marathon Oil USD 7.220 555,490 37,030 1.485.139 6.310 572,535 29,270 1.057.436

Marathon Petroleum USD 0 25.500 572,535 33,290 4.860.221 Mattel USD 8.560 555,490 25,430 1.209.195 0 McCormick & Co. USD 3.090 555,490 46,530 798.671 0 McGraw-Hill USD 5.470 555,490 36,410 1.106.329 0 Medtronic USD 10.510 555,490 37,090 2.165.388 0 Merck & Co USD 10.130 555,490 36,040 2.028.012 6.660 572,535 37,700 1.437.532 MetLife USD 0 5.460 572,535 31,180 974.700 Metropcs Communications USD 0 19.950 572,535 8,680 991.436 Microchip Tech USD 7.630 555,490 34,210 1.449.953 0 Micron Technology USD 31.150 555,490 8,020 1.387.742 0 Microsoft USD 9.430 555,490 27,920 1.462.525 0 Molson Coors Brewing USD 2.770 555,490 50,190 772.277 4.340 572,535 43,540 1.081.883 Murphy Oil USD 3.940 555,490 74,550 1.631.624 4.760 572,535 55,740 1.519.064 NII Holdings USD 0 8.160 572,535 21,300 995.112 NV Energy Inc USD 0 11.730 572,535 16,350 1.098.039 Nabors Industries USD 0 9.610 572,535 17,340 954.057 New York Community Bancorp USD 11.680 555,490 18,850 1.223.011 0 Newmont Mining USD 6.380 555,490 61,430 2.177.095 0 Nextera Energy USD 300 555,490 51,990 86.640 0 Nisource Inc. USD 920 555,490 17,620 90.047 0 Northeast Utilities USD 530 555,490 31,880 93.858 0 Northern Trust USD 4.120 555,490 55,410 1.268.124 0 Northrop Grumman USD 0 3.140 572,535 58,480 1.051.330 Nstar USD 400 555,490 42,190 93.744 0 Nucor USD 9.590 555,490 43,820 2.334.357 0 Oge Energy USD 380 555,490 45,540 96.129 0 Oneok USD 330 555,490 55,470 101.683 0 Owens Corning USD 0 6.200 572,535 28,720 1.019.479 PG & E Corp. USD 340 555,490 47,840 90.354 4.650 572,535 41,220 1.097.395 Patterson-UTI Energy USD 0 8.430 572,535 19,980 964.329 Paychex USD 8.550 555,490 30,910 1.468.052 0 Pepco Holding USD 840 555,490 18,250 85.157 0 Pfizer USD 0 8.880 572,535 21,640 1.100.202 Pinnacle West Capital USD 390 555,490 41,450 89.798 0 Plains All Amer Pipeline USD 260 555,490 62,790 90.686 0 Principal Financial Group USD 7.270 555,490 32,560 1.314.907 7.050 572,535 24,600 992.947 Procter & Gamble USD 2.120 555,490 64,330 757.575 0 Progress Energy USD 360 555,490 43,480 86.950 0 Prudential Financial USD 0 23.930 572,535 50,120 6.866.822 Public Serv. Entreprises USD 490 555,490 31,810 86.584 0 Qwest Communications USD 22.500 555,490 7,610 951.138 0 RR Donnelley & Sons USD 0 11.970 572,535 14,430 988.923 Rayonier USD 3.840 555,490 52,520 1.120.294 0 Raytheon USD 6.300 555,490 46,340 1.621.709 3.940 572,535 48,380 1.091.350 Regions Financial USD 0 43.150 572,535 4,300 1.062.310 Reinsurance Group of America USD 0 3.490 572,535 52,250 1.044.032 Reynolds American USD 4.280 555,490 32,620 775.540 0 Royal Caribbean USD 0 6.490 572,535 24,770 920.392 Safeway Inc. USD 0 8.670 572,535 21,040 1.044.400 Saic USD 15.180 555,490 15,860 1.337.369 14.780 572,535 12,290 1.039.988 SanDisk USD 25.090 555,490 49,860 6.949.110 18.800 572,535 49,210 5.296.796 Sara Lee USD 9.250 555,490 17,510 899.713 0 Scana Corp. USD 400 555,490 40,600 90.212 0 Sempra Energy Corp. USD 310 555,490 52,480 90.372 0

Sherwin-Williams USD 2.790 555,490 83,750 1.297.972 0 Smithfield Foods USD 0 7.190 572,535 24,280 999.493 Southern Company USD 430 555,490 38,230 91.316 0 Spectra Energy USD 10.820 555,490 24,990 1.501.999 0 Sunoco Inc. USD 35.750 555,490 40,310 8.005.069 0 Sysco Corp. USD 4.540 555,490 29,400 741.446 0 TRW Automotive Holdings USD 0 5.360 572,535 32,600 1.000.425 Target Corp. USD 3.700 555,490 60,130 1.235.860 0 Tech Data Corp. USD 0 3.510 572,535 49,410 992.942 Teco Energy USD 920 555,490 17,800 90.967 0 Tenet Healthcare USD 0 38.350 572,535 5,130 1.126.380 Teradyne USD 0 13.190 572,535 13,630 1.029.302 Tesoro USD 0 7.700 572,535 23,360 1.029.830 Texas Instruments USD 8.350 555,490 32,500 1.507.461 0 The Travelers Cos. USD 3.570 555,490 55,710 1.104.785 0 Time Warner Inc. USD 0 5.170 572,535 36,140 1.069.746 Torchmark Corp. USD 3.560 555,490 59,740 1.181.385 0 Tyson Foods USD 0 62.470 572,535 20,640 7.382.156 URS USD 0 4.930 572,535 35,120 991.296 United Continental Hld. USD 0 8.920 572,535 18,870 963.693 United States Steel USD 7.640 555,490 58,420 2.479.312 0 United Technologies USD 4.000 555,490 78,720 1.749.127 0 UnitedHealth Group USD 10.080 555,490 36,110 2.021.921 0 Universal Health Services USD 0 4.520 572,535 38,860 1.005.642 UnumProvident USD 8.780 555,490 24,220 1.181.258 0 Valero Energy USD 0 40.940 572,535 21,050 4.934.032 Valspar Corp USD 6.320 555,490 34,480 1.210.488 0 Verizon Comm. USD 4.530 555,490 35,780 900.357 0 Viacom B (Non-Voting) USD 5.360 555,490 39,610 1.179.359 0 Wal Mart Stores USD 2.480 555,490 53,930 742.948 0 Waste Management USD 8.150 555,490 36,870 1.669.195 0 Wellpoint USD 0 2.640 572,535 66,250 1.001.364 Western Digital USD 7.860 555,490 33,900 1.480.125 5.670 572,535 30,950 1.004.722 Whirlpool USD 6.290 555,490 88,830 3.103.749 22.850 572,535 47,450 6.207.611 Williams Cos. USD 12.250 555,490 24,720 1.682.135 0 Williams Partners USD 380 555,490 46,650 98.472 0 Windstream Corp. USD 11.680 555,490 13,940 904.444 0 Xcel Energy USD 680 555,490 23,550 88.956 0 Xerox USD 0 21.550 572,535 7,960 982.115 Xilinx USD 9.500 555,490 28,980 1.529.320 0 I alt i USD 269.511.498 215.482.900 I alt for noterede aktier fra udenlandske udstedere 3.288.692.851 2.661.372.360 I alt i afdelingen 6.075.567.541 4.948.267.348