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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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
American Water Works Company Inc COM 030420103 227 3,801 SH   SOLE   3,801 0 0
Anadarko Petroleum Corp COM 032511107 1,267 26,075 SH   SOLE   26,075 0 0
Archer Daniels Midland Co COM 039483102 649 17,695 SH   SOLE   17,695 0 0
Bemis Company Inc COM 081437105 198 42,969 SH   SOLE   42,969 0 0
Boise Cascade Co COM 09739D100 219 4,910 SH   SOLE   4,910 0 0
Brf Sa SPON ADR 10552T107 1,882 73,711 SH   SOLE   73,711 0 0
Bunge Limited COM G16962105 327 23,638 SH   SOLE   23,638 0 0
Calavo Growers Inc COM 128246105 496 7,265 SH   SOLE   7,265 0 0
Catchmark Timber Trust Inc CL A 14912Y202 333 6,792 SH   SOLE   6,792 0 0
Cf Industries Holdings Inc COM 125269100 170 15,000 SH   SOLE   15,000 0 0
China Mobile Ltd SPON ADR 16941M109 1,150 28,188 SH   SOLE   28,188 0 0
Companhia de Saneamento Basico do Estado de Sao Paulo ADR Representing 1 Ord Shs SPONSORED ADR 20441A102 366 6,505 SH   SOLE   6,505 0 0
Cosan Limited SHS A G25343107 389 105,360 SH   SOLE   105,360 0 0
Csx Corp COM 126408103 661 25,465 SH   SOLE   25,465 0 0
Deere & Co COM 244199105 217 2,850 SH   SOLE   2,850 0 0
Deltic Timber Corp COM 247850100 410 6,966 SH   SOLE   6,966 0 0
Digital Realty Trust Inc COM 253868103 663 8,773 SH   SOLE   8,773 0 0
Dominion Resources Inc COM 25746U109 237 3,500 SH   SOLE   3,500 0 0
Domtar Corp COM 257559203 2,863 77,484 SH   SOLE   77,484 0 0
Duke Energy Corp COM NEW 26441C204 460 6,445 SH   SOLE   6,445 0 0
Energy Transfer Partners Lp UNIT LTD PARTN 29273R109 286 8,481 SH   SOLE   8,481 0 0
Enlink Midstream Partners Lp COM UNIT REP LTD 29336U107 305 18,375 SH   SOLE   18,375 0 0
Enterprise Products Partners COM 293792107 490 19,167 SH   SOLE   19,167 0 0
Eqt Corp COM 26884L109 552 10,589 SH   SOLE   10,589 0 0
Fibria Celulose Sa SP ADR REP COM 31573A109 2,195 172,973 SH   SOLE   172,973 0 0
Genesee & Wyoming Inc COM 371559105 596 11,099 SH   SOLE   11,099 0 0
Glatfelter COM 377316104 703 38,149 SH   SOLE   38,149 0 0
Grupo Aeroportuario Del Sureste SPON ADR 40051E202 998 7,098 SH   SOLE   7,098 0 0
Host Hotels & Resorts REIT COM 457187102 221 14,405 SH   SOLE   14,405 0 0
International Paper Co COM 460146103 3,816 101,229 SH   SOLE   101,229 0 0
Kansas City Southern COM 485170302 707 9,472 SH   SOLE   9,472 0 0
Kapstone Paper And Packagng Corp COM 48562P103 4,161 184,217 SH   SOLE   184,217 0 0
Kinder Morgan Inc COM 49456B101 343 22,999 SH   SOLE   22,999 0 0
Korea Electric Power (Kepco)(P) SPON ADR 500631106 406 19,164 SH   SOLE   19,164 0 0
Louisiana Pacific Corp COM 546347105 2,728 151,464 SH   SOLE   151,464 0 0
Macquarie Infrastructure Corp COM 55608B105 896 12,340 SH   SOLE   12,340 0 0
Mead Johnson Nutrition Co COM 582839106 399 5,055 SH   SOLE   5,055 0 0
Mercer International Inc COM 588056101 325 35,890 SH   SOLE   35,890 0 0
Mondelez International Inc CL A 609207105 261 5,818 SH   SOLE   5,818 0 0
Monsanto Co COM 61166W101 1,151 11,682 SH   SOLE   11,682 0 0
Mosaic Co COM 61945C103 980 35,513 SH   SOLE   35,513 0 0
MPLX LP COM UNIT REP LTD 55336V100 341 8,672 SH   SOLE   8,672 0 0
National Grid Plc SPON ADR NEW 636274300 845 12,156 SH   SOLE   12,156 0 0
Nextera Energy Inc COM 65339F101 354 3,405 SH   SOLE   3,405 0 0
Occidental Petroleum Corp COM 674599105 492 7,272 SH   SOLE   7,272 0 0
Packaging Corp Of America COM 695156109 4,483 71,106 SH   SOLE   71,106 0 0
PG&E Corp COM 69331C108 703 13,225 SH   SOLE   13,225 0 0
Plum Creek Timber Company Inc COM 729251108 2,662 55,776 SH   SOLE   55,776 0 0
Pope Resources A Delaware LP DEPOSITRY RCPT 732857107 228 3,579 SH   SOLE   3,579 0 0
Potash Corporation Of Saskatchew COM 73755L107 526 30,708 SH   SOLE   30,708 0 0
Potlatch Corp COM 737630103 2,319 76,690 SH   SOLE   76,690 0 0
Prologis Inc COM 74340W103 261 6,080 SH   SOLE   6,080 0 0
Rayonier Inc. COM 754907103 3,445 155,179 SH   SOLE   155,179 0 0
Resolute Forest Products Inc COM 76117W109 340 44,860 SH   SOLE   44,860 0 0
Sba Communications Corp COM 78388J106 369 3,509 SH   SOLE   3,509 0 0
Schlumberger Nv COM 806857108 1,547 22,182 SH   SOLE   22,182 0 0
Sempra Energy COM 816851109 219 2,330 SH   SOLE   2,330 0 0
Sonoco Products Co COM 835495102 1,373 33,596 SH   SOLE   33,596 0 0
Spectra Energy Corp COM 847560109 595 24,850 SH   SOLE   24,850 0 0
Syngenta Ag SPONSORED ADR 87160A100 1,828 23,223 SH   SOLE   23,223 0 0
Teekay Corp PRTNRSP UNITS Y8564M105 143 14,444 SH   SOLE   14,444 0 0
Tesoro Logistics Lp COM UNIT LP 88160T107 552 10,960 SH   SOLE   10,960 0 0
Total Sa SPONSORED ADR 89151E109 1,146 25,490 SH   SOLE   25,490 0 0
Transcanada Corp COM 89353D107 292 8,973 SH   SOLE   8,973 0 0
Tyson Foods Inc COM 902494103 355 6,660 SH   SOLE   6,660 0 0
Ultrapar Participacoes Sa-Pf SP ADR REP COM 90400P101 368 24,162 SH   SOLE   24,162 0 0
Universal Forest Products Inc. COM 913543104 765 11,196 SH   SOLE   11,196 0 0
Ventas Inc COM 92276F100 491 8,706 SH   SOLE   8,706 0 0
Waste Connections Inc COM 941053100 868 15,417 SH   SOLE   15,417 0 0
Waste Management Inc COM 94106L109 1,639 30,719 SH   SOLE   30,719 0 0
Wausau Paper Corp COM 943315101 151 14,789 SH   SOLE   14,789 0 0
Westrock Co COM 96145D105 3,948 86,544 SH   SOLE   86,544 0 0
Weyerhaeuser Co COM 962166104 5,860 195,458 SH   SOLE   195,458 0 0
Williams Companies Inc COM 969457100 840 32,670 SH   SOLE   32,670 0 0
Zoetis Inc CL A 98978V103 1,093 22,814 SH   SOLE   22,814 0 0