HEDGE FUND CLASS A 31 Jul 02 M $843M 1633.91 02 May 0.62% 1.64% 232% -7.73% 5.24% 11.59% 8.19% (12.78%) Cato Brande. Andreas Vergouis. Bjorn Rise Sep 13 14 Nov 11 Jul 12 VAN ECK HARD ASSETS 2X FUND LTD 31 Dec 04 M $19M 189.71 31 Mar (2.37%) 0.52% -1.05% 11.04% •13.4% 7.17% 10.62%