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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AIR PRODS & CHEMS INC COM 009158106 646 4,145 SH   SOLE   4,145 0 0
AK STL HLDG CORP COM 001547108 575 132,250 SH   SOLE   132,250 0 0
ALCOA CORP COM 013872106 1,078 22,988 SH   SOLE   22,988 0 0
ANADARKO PETE CORP COM 032511107 1,227 16,746 SH   SOLE   16,746 0 0
Andeavor COM 03349M105 957 7,297 SH   SOLE   7,297 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 723 25,133 SH   SOLE   25,133 0 0
Archer Daniels Midland Co COM 039483102 451 9,842 SH   SOLE   9,842 0 0
Barrick Gold Corp COM 067901108 749 57,030 SH   SOLE   57,030 0 0
BHP Billiton Ltd SPONSORED ADR 088606108 1,100 22,000 SH   SOLE   22,000 0 0
BP PLC SPONSORED ADR 055622104 493 10,800 SH   SOLE   10,800 0 0
Bunge LTD COM G16962105 1,057 15,160 SH   SOLE   15,160 0 0
CANADIAN NATL RY CO COM 136375102 531 6,500 SH   SOLE   6,500 0 0
Caterpillar Ord Shs COM 149123101 704 5,190 SH   SOLE   5,190 0 0
CF INDS HLDGS INC COM 125269100 649 14,408 SH   SOLE   14,408 0 0
Cheniere Energy Inc COM NEW 16411R208 203 3,110 SH   SOLE   3,110 0 0
Chevron Corp New COM 166764100 942 7,450 SH   SOLE   7,450 0 0
CNX RESOURCES CORPORATION COM 12653C108 217 12,175 SH   SOLE   12,175 0 0
Deere & Co COM 244199105 1,017 7,275 SH   SOLE   7,275 0 0
Domtar Corp COM NEW 257559203 522 11,000 SH   SOLE   11,000 0 0
DowDuPont Inc COM 26078J100 141 21,465 SH   SOLE   21,465 0 0
Enbridge Inc COM 29250N105 857 24,000 SH   SOLE   24,000 0 0
ENI S P A SPONSORED ADR 26874R108 257 6,920 SH   SOLE   6,920 0 0
EOG RES INC COM 26875P101 757 6,085 SH   SOLE   6,085 0 0
Exxon Mobil Corp COM 30231G102 1,078 13,025 SH   SOLE   13,025 0 0
FREEPORT-MCMORAN INC CL B 35671D857 671 38,900 SH   SOLE   38,900 0 0
GOLDCORP INC NEW COM 380956409 572 41,715 SH   SOLE   41,715 0 0
GREEN PLAINS INC COM 393222104 286 15,638 SH   SOLE   15,638 0 0
Halliburton Co COM 406216101 444 9,850 SH   SOLE   9,850 0 0
INTL PAPER CO COM 460146103 767 14,731 SH   SOLE   14,731 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 597 5,637 SH   SOLE   5,637 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 945 8,605 SH   SOLE   8,605 0 0
Macquarie Infrastructure Cor COM 55608B105 212 5,035 SH   SOLE   5,035 0 0
Marathon Pete Corp COM 56585A102 724 10,325 SH   SOLE   10,325 0 0
MONDELEZ INTL INC CL A 609207105 523 12,764 SH   SOLE   12,764 0 0
Nabors Industries Ltd SHS 629568106 443 69,120 SH   SOLE   69,120 0 0
Newmont Mining Corp COM 651639106 480 12,725 SH   SOLE   12,725 0 0
Noble Energy Inc COM 655044105 211 6,000 SH   SOLE   6,000 0 0
Nucor Corp COM 670346105 214 3,430 SH   SOLE   3,430 0 0
Nutrien Ltd COM 67077M108 874 16,065 SH   SOLE   16,065 0 0
Packaging Corp Amer COM 695156109 411 3,680 SH   SOLE   3,680 0 0
Pembina Pipeline Corp COM 706327103 363 10,480 SH   SOLE   10,480 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,328 13,235 SH   SOLE   13,235 0 0
PIONEER NAT RES CO COM 723787107 1,161 6,135 SH   SOLE   6,135 0 0
Range Res Corp COM 75281A109 167 10,000 SH   SOLE   10,000 0 0
Rio Tinto PLC SPONSORED ADR 767204100 1,003 18,075 SH   SOLE   18,075 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 704 13,055 SH   SOLE   13,055 0 0
Schlumberger Ltd COM 806857108 1,005 14,999 SH   SOLE   14,999 0 0
Sherwin Williams Co COM 824348106 205 500 SH   SOLE   500 0 0
Southern Copper Corp COM 84265V105 365 7,785 SH   SOLE   7,785 0 0
Steel Dynamics Inc COM 858119100 372 8,100 SH   SOLE   8,100 0 0
Suncor Energy Inc New COM 867224107 1,687 41,465 SH   SOLE   41,465 0 0
Total S A SPONSORED ADR 89151E109 1,193 19,704 SH   SOLE   19,704 0 0
Transcanada Corp COM 89353D107 872 20,180 SH   SOLE   20,180 0 0
Tyson Foods Inc CL A 902494103 206 2,990 SH   SOLE   2,990 0 0
UNITED STATES STL CORP NEW COM 912909108 580 16,680 SH   SOLE   16,680 0 0
Vale S A ADR 91912E105 751 58,600 SH   SOLE   58,600 0 0
Vulcan MATLS Co COM 929160109 388 3,005 SH   SOLE   3,005 0 0
Weatherford Intl PLC ORD SHS 947074100 414 125,860 SH   SOLE   125,860 0 0
Westrock Co COM 96145D105 680 11,924 SH   SOLE   11,924 0 0
Weyerhaeuser Co COM 962166104 726 19,900 SH   SOLE   19,900 0 0
Williams Cos Inc Del COM 969457100 322 11,850 SH   SOLE   11,850 0 0
Zoetis Inc CL A 98978V103 518 6,079 SH   SOLE   6,079 0 0