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
Estimated average burden
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADECOAGRO S A COM L00849106   239,145 21,701 SH   SOLE   21,701 0 0
AGCO CORP COM 001084102   5,883,432 47,825 SH   SOLE   47,825 0 0
AGNICO EAGLE MINES LTD COM 008474108   5,181,459 86,826 SH   SOLE   86,826 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   2,544,434 172,504 SH   SOLE   172,504 0 0
ALBEMARLE CORP COM 012653101   346,740 2,632 SH   SOLE   2,632 0 0
ALCOA CORP COM 013872106   1,747,484 51,716 SH   SOLE   51,716 0 0
ALGOMA STL GROUP INC COM 015658107   668,435 78,732 SH   SOLE   78,732 0 0
AMER STATES WTR CO COM 029899101   1,247,657 17,271 SH   SOLE   17,271 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   2,499,928 20,456 SH   SOLE   20,456 0 0
APA CORPORATION COM 03743Q108   1,878,317 54,634 SH   SOLE   54,634 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   456,256 16,543 SH   SOLE   16,543 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   6,274,907 99,903 SH   SOLE   99,903 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100   2,802,991 187,994 SH   SOLE   187,994 0 0
ATI INC COM 01741R102   2,845,001 55,599 SH   SOLE   55,599 0 0
ATLANTICA SUSTAINABLE INFR P SHS G0751N103   1,523,694 82,451 SH   SOLE   82,451 0 0
ATLAS ENERGY SOLUTIONS INC COM NEW 642045108   243,414 10,761 SH   SOLE   10,761 0 0
B2GOLD CORP COM 11777Q209   4,201,976 1,606,519 SH   SOLE   1,606,519 0 0
BAKER HUGHES COMPANY CL A 05722G100   1,343,082 40,092 SH   SOLE   40,092 0 0
BARRICK GOLD CORP COM 067901108   719,148 43,218 SH   SOLE   43,218 0 0
BAYTEX ENERGY CORP COM 07317Q105   2,190,696 606,300 SH   SOLE   606,300 0 0
BEYOND MEAT INC COM 08862E109   852,865 103,003 SH   SOLE   103,003 0 0
BHP GROUP LTD SPONSORED ADS 088606108   269,470 4,671 SH   SOLE   4,671 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101   1,318,750 82,525 SH   SOLE   82,525 0 0
BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105   387,027 15,752 SH   SOLE   15,752 0 0
BUNGE GLOBAL SA COM SHS H11356104   6,040,888 58,924 SH   SOLE   58,924 0 0
CAL MAINE FOODS INC COM NEW 128030202   3,352,802 56,972 SH   SOLE   56,972 0 0
CALIFORNIA WTR SVC GROUP COM 130788102   1,437,255 30,922 SH   SOLE   30,922 0 0
CALLON PETE CO DEL COM 13123X508   3,421,159 95,670 SH   SOLE   95,670 0 0
CANADIAN NAT RES LTD COM 136385101   2,178,720 28,537 SH   SOLE   28,537 0 0
CANADIAN SOLAR INC COM 136635109   733,195 37,105 SH   SOLE   37,105 0 0
CENOVUS ENERGY INC COM 15135U109   3,399,830 170,100 SH   SOLE   170,100 0 0
CENTERRA GOLD INC COM 152006102   2,067,738 349,800 SH   SOLE   349,800 0 0
CENTURY ALUM CO COM 156431108   811,746 52,745 SH   SOLE   52,745 0 0
CF INDS HLDGS INC COM 125269100   595,201 7,153 SH   SOLE   7,153 0 0
CHAMPIONX CORPORATION COM 15872M104   2,192,915 61,101 SH   SOLE   61,101 0 0
CHEVRON CORP NEW COM 166764100   271,944 1,724 SH   SOLE   1,724 0 0
CHORD ENERGY CORPORATION COM NEW 674215207   2,412,835 13,537 SH   SOLE   13,537 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   243,064 3,202 SH   SOLE   3,202 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   420,144 18,476 SH   SOLE   18,476 0 0
CNH INDL N V SHS N20944109   6,673,389 514,922 SH   SOLE   514,922 0 0
CNX RES CORP COM 12653C108   243,225 10,254 SH   SOLE   10,254 0 0
COEUR MNG INC COM NEW 192108504   1,274,516 338,068 SH   SOLE   338,068 0 0
COMMERCIAL METALS CO COM 201723103   1,962,742 33,397 SH   SOLE   33,397 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102   1,079,005 64,112 SH   SOLE   64,112 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   1,398,012 88,036 SH   SOLE   88,036 0 0
COMSTOCK RES INC COM 205768302   142,402 15,345 SH   SOLE   15,345 0 0
CONOCOPHILLIPS COM 20825C104   1,536,015 12,068 SH   SOLE   12,068 0 0
CORE LABORATORIES INC COM 21867A105   223,116 13,063 SH   SOLE   13,063 0 0
CORTEVA INC COM 22052L104   5,357,139 92,893 SH   SOLE   92,893 0 0
COTERRA ENERGY INC COM 127097103   2,552,888 91,567 SH   SOLE   91,567 0 0
CRESCENT ENERGY COMPANY CL A COM 44952J104   937,232 78,759 SH   SOLE   78,759 0 0
CRESCENT PT ENERGY CORP COM 22576C101   3,542,520 432,700 SH   SOLE   432,700 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203   2,658,458 94,439 SH   SOLE   94,439 0 0
DARLING INGREDIENTS INC COM 237266101   7,298,768 156,929 SH   SOLE   156,929 0 0
DEERE & CO COM 244199105   6,620,307 16,118 SH   SOLE   16,118 0 0
DEVON ENERGY CORP NEW COM 25179M103   2,653,167 52,873 SH   SOLE   52,873 0 0
DIAMONDBACK ENERGY INC COM 25278X109   384,053 1,938 SH   SOLE   1,938 0 0
DNOW INC COM 67011P100   983,151 64,681 SH   SOLE   64,681 0 0
DOLE PLC ORD SHS G27907107   281,119 23,564 SH   SOLE   23,564 0 0
DRIL-QUIP INC COM 262037104   221,560 9,834 SH   SOLE   9,834 0 0
ELDORADO GOLD CORP NEW COM 284902509   308,808 21,948 SH   SOLE   21,948 0 0
ENERFLEX LTD COM 29269R105   201,460 34,600 SH   SOLE   34,600 0 0
ENPHASE ENERGY INC COM 29355A107   257,083 2,125 SH   SOLE   2,125 0 0
EOG RES INC COM 26875P101   4,332,114 33,887 SH   SOLE   33,887 0 0
EQT CORP COM 26884L109   590,562 15,931 SH   SOLE   15,931 0 0
EQUINOX GOLD CORP COM 29446Y502   1,164,443 193,429 SH   SOLE   193,429 0 0
ERO COPPER CORP COM 296006109   804,813 41,700 SH   SOLE   41,700 0 0
ESSENTIAL UTILS INC COM 29670G102   5,466,913 147,555 SH   SOLE   147,555 0 0
EXPRO GROUP HOLDINGS NV COM N3144W105   1,605,768 80,409 SH   SOLE   80,409 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103   60,358 10,265 SH   SOLE   10,265 0 0
FIRST SOLAR INC COM 336433107   1,612,209 9,551 SH   SOLE   9,551 0 0
FLEX LNG LTD SHS G35947202   400,879 15,764 SH   SOLE   15,764 0 0
FMC CORP COM NEW 302491303   4,725,202 74,179 SH   SOLE   74,179 0 0
FRANCO NEV CORP COM 351858105   1,191,481 9,999 SH   SOLE   9,999 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,928,149 41,007 SH   SOLE   41,007 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105   246,508 9,514 SH   SOLE   9,514 0 0
GERDAU SA SPON ADR REP PFD 373737105   99,786 22,576 SH   SOLE   22,576 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   1,949,560 122,691 SH   SOLE   122,691 0 0
HALLIBURTON CO COM 406216101   2,122,806 53,851 SH   SOLE   53,851 0 0
HECLA MNG CO COM 422704106   3,921,232 815,225 SH   SOLE   815,225 0 0
HELMERICH & PAYNE INC COM 423452101   2,461,015 58,512 SH   SOLE   58,512 0 0
HESS CORP COM 42809H107   338,708 2,219 SH   SOLE   2,219 0 0
HORMEL FOODS CORP COM 440452100   3,731,660 106,955 SH   SOLE   106,955 0 0
HUDBAY MINERALS INC COM 443628102   2,722,054 388,600 SH   SOLE   388,600 0 0
ICL GROUP LTD SHS M53213100   1,277,185 237,395 SH   SOLE   237,395 0 0
IMPERIAL OIL LTD COM NEW 453038408   1,297,866 18,800 SH   SOLE   18,800 0 0
INGREDION INC COM 457187102   8,271,344 70,786 SH   SOLE   70,786 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100   1,384,669 54,969 SH   SOLE   54,969 0 0
KIMBELL RTY PARTNERS LP UNIT 49435R102   274,751 17,703 SH   SOLE   17,703 0 0
KINROSS GOLD CORP COM 496902404   1,524,280 248,659 SH   SOLE   248,659 0 0
KOSMOS ENERGY LTD COM 500688106   3,142,976 527,345 SH   SOLE   527,345 0 0
LIBERTY ENERGY INC COM CL A 53115L104   2,979,412 143,794 SH   SOLE   143,794 0 0
LOUISIANA PAC CORP COM 546347105   2,065,277 24,613 SH   SOLE   24,613 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109   672,702 25,923 SH   SOLE   25,923 0 0
MARATHON OIL CORP COM 565849106   1,994,002 70,360 SH   SOLE   70,360 0 0
MATADOR RES CO COM 576485205   2,300,293 34,451 SH   SOLE   34,451 0 0
METALLUS INC COM 887399103   1,007,970 45,302 SH   SOLE   45,302 0 0
MOSAIC CO NEW COM 61945C103   649,232 20,001 SH   SOLE   20,001 0 0
MP MATERIALS CORP COM CL A 553368101   3,976,344 278,066 SH   SOLE   278,066 0 0
MURPHY OIL CORP COM 626717102   3,790,769 82,949 SH   SOLE   82,949 0 0
NABORS INDUSTRIES LTD SHS G6359F137   244,265 2,836 SH   SOLE   2,836 0 0
NEWMONT CORP COM 651639106   608,563 16,980 SH   SOLE   16,980 0 0
NEXGEN ENERGY LTD COM 65340P106   918,113 118,000 SH   SOLE   118,000 0 0
NOBLE CORP PLC ORD SHS A G65431127   1,556,481 32,099 SH   SOLE   32,099 0 0
NORTHERN OIL & GAS INC COM 665531307   1,428,004 35,988 SH   SOLE   35,988 0 0
NOV INC COM 62955J103   871,802 44,662 SH   SOLE   44,662 0 0
NUCOR CORP COM 670346105   482,282 2,437 SH   SOLE   2,437 0 0
NUTRIEN LTD COM 67077M108   1,307,369 24,060 SH   SOLE   24,060 0 0
OCCIDENTAL PETE CORP COM 674599105   344,252 5,297 SH   SOLE   5,297 0 0
OCEANEERING INTL INC COM 675232102   1,313,044 56,113 SH   SOLE   56,113 0 0
OIL STS INTL INC COM 678026105   379,733 61,645 SH   SOLE   61,645 0 0
ORMAT TECHNOLOGIES INC COM 686688102   204,395 3,088 SH   SOLE   3,088 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   607,047 36,970 SH   SOLE   36,970 0 0
PAN AMERN SILVER CORP COM 697900108   367,198 24,350 SH   SOLE   24,350 0 0
PATTERSON-UTI ENERGY INC COM 703481101   2,432,799 203,752 SH   SOLE   203,752 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105   753,676 42,677 SH   SOLE   42,677 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   1,155,108 75,944 SH   SOLE   75,944 0 0
PILGRIMS PRIDE CORP COM 72147K108   2,302,220 67,081 SH   SOLE   67,081 0 0
PIONEER NAT RES CO COM 723787107   320,250 1,220 SH   SOLE   1,220 0 0
POTLATCHDELTIC CORPORATION COM 737630103   2,082,328 44,286 SH   SOLE   44,286 0 0
PRECISION DRILLING CORP COM NEW 74022D407   599,290 8,900 SH   SOLE   8,900 0 0
PROPETRO HLDG CORP COM 74347M108   799,573 98,957 SH   SOLE   98,957 0 0
RAMACO RES INC COM CL A 75134P600   752,512 44,686 SH   SOLE   44,686 0 0
RANGE RES CORP COM 75281A109   356,798 10,363 SH   SOLE   10,363 0 0
RAYONIER INC COM 754907103   1,731,771 52,099 SH   SOLE   52,099 0 0
RENEW ENERGY GLOBAL PLC CL A SHS G7500M104   665,022 110,837 SH   SOLE   110,837 0 0
RIO TINTO PLC SPONSORED ADR 767204100   3,055,823 47,942 SH   SOLE   47,942 0 0
ROYAL GOLD INC COM 780287108   363,481 2,984 SH   SOLE   2,984 0 0
RPC INC COM 749660106   929,969 120,151 SH   SOLE   120,151 0 0
RYERSON HLDG CORP COM 783754104   527,659 15,751 SH   SOLE   15,751 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   1,170,598 80,343 SH   SOLE   80,343 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   789,931 150,463 SH   SOLE   150,463 0 0
SCHLUMBERGER LTD COM STK 806857108   1,965,651 35,863 SH   SOLE   35,863 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   974,439 105,573 SH   SOLE   105,573 0 0
SHOALS TECHNOLOGIES GROUP IN CL A 82489W107   149,667 13,387 SH   SOLE   13,387 0 0
SILVERBOW RES INC COM 82836G102   282,884 8,286 SH   SOLE   8,286 0 0
SM ENERGY CO COM 78454L100   260,018 5,216 SH   SOLE   5,216 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105   919,292 18,700 SH   SOLE   18,700 0 0
SOUTHWESTERN ENERGY CO COM 845467109   3,852,452 508,239 SH   SOLE   508,239 0 0
SSR MINING IN COM 784730103   1,271,470 285,083 SH   SOLE   285,083 0 0
STEEL DYNAMICS INC COM 858119100   555,121 3,745 SH   SOLE   3,745 0 0
SUNCOKE ENERGY INC COM 86722A103   752,971 66,812 SH   SOLE   66,812 0 0
SUNCOR ENERGY INC NEW COM 867224107   2,279,051 61,700 SH   SOLE   61,700 0 0
SUNPOWER CORP COM 867652406   69,123 23,041 SH   SOLE   23,041 0 0
TALOS ENERGY INC COM 87484T108   4,018,457 288,475 SH   SOLE   288,475 0 0
TECK RESOURCES LTD CL B 878742204   1,878,033 41,023 SH   SOLE   41,023 0 0
TERNIUM SA SPONSORED ADS 880890108   1,166,983 28,039 SH   SOLE   28,039 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105   211,794 47,809 SH   SOLE   47,809 0 0
TIDEWATER INC NEW COM 88642R109   250,240 2,720 SH   SOLE   2,720 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   907,592 13,186 SH   SOLE   13,186 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100   489,444 77,937 SH   SOLE   77,937 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   950,138 54,763 SH   SOLE   54,763 0 0
TYSON FOODS INC CL A 902494103   5,321,936 90,617 SH   SOLE   90,617 0 0
U S SILICA HLDGS INC COM 90346E103   1,733,044 139,649 SH   SOLE   139,649 0 0
UNITED STATES STL CORP NEW COM 912909108   2,400,678 58,869 SH   SOLE   58,869 0 0
VAALCO ENERGY INC COM NEW 91851C201   628,799 90,215 SH   SOLE   90,215 0 0
VALE S A SPONSORED ADS 91912E105   1,465,067 120,186 SH   SOLE   120,186 0 0
VERMILION ENERGY INC COM 923725105   2,586,916 207,900 SH   SOLE   207,900 0 0
VIPER ENERGY INC CL A 927959106   289,258 7,521 SH   SOLE   7,521 0 0
VITAL ENERGY INC COM 516806205   548,938 10,448 SH   SOLE   10,448 0 0
W & T OFFSHORE INC COM 92922P106   1,271,989 479,996 SH   SOLE   479,996 0 0
WARRIOR MET COAL INC COM 93627C101   533,310 8,786 SH   SOLE   8,786 0 0
WEST FRASER TIMBER CO LTD COM 952845105   3,863,052 44,700 SH   SOLE   44,700 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   1,311,392 27,825 SH   SOLE   27,825 0 0