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 761 3,985 SH   SOLE   3,985 0 0
Albemarle Corp COM 012653101 244 2,970 SH   SOLE   2,970 0 0
ALCOA CORP COM 032511107 621 22,058 SH   SOLE   22,058 0 0
ANADARKO PETE CORP COM 03349M105 578 12,716 SH   SOLE   12,716 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 485 23,813 SH   SOLE   23,813 0 0
Archer Daniels Midland Co COM 039483102 550 12,742 SH   SOLE   12,742 0 0
ATLANTICA YIELD PLC SHS G0751N103 253 13,000 SH   SOLE   13,000 0 0
Barrick Gold Corp COM 067901108 1,271 96,620 SH   SOLE   96,620 0 0
BCE INC COM NEW 05534B760 244 5,480 SH   SOLE   5,480 0 0
BHP Billiton Ltd SPONSORED ADR 088606108 940 17,200 SH   SOLE   17,200 0 0
BP PLC SPONSORED ADR 055622104 2,005 45,870 SH   SOLE   45,870 0 0
BRF SA SPONSORED ADR 10552T107 453 26,210 SH   SOLE   26,210 0 0
Bunge LTD COM G16962105 1,205 22,710 SH   SOLE   22,710 0 0
CANADIAN NATL RY CO COM 136375102 702 7,830 SH   SOLE   7,830 0 0
CANADIAN NATL RES LTD COM 136385101 988 35,925 SH   SOLE   35,925 0 0
Caterpillar Ord Shs COM 149123101 507 3,740 SH   SOLE   3,740 0 0
CF INDS HLDGS INC COM 125269100 562 13,748 SH   SOLE   13,748 0 0
Cheniere Energy Inc COM NEW 16411R208 470 6,870 SH   SOLE   6,870 0 0
Chevron Corp New COM 166764100 805 6,535 SH   SOLE   6,535 0 0
Deere & Co COM 244199105 1,118 6,995 SH   SOLE   6,995 0 0
DOMTAR CORP COM NEW 257559203 273 5,500 SH   SOLE   5,500 0 0
DowDuPont Inc COM 26078J100 1,425 26,725 SH   SOLE   26,725 0 0
Enbridge Inc COM 29250N105 924 25,485 SH   SOLE   25,485 0 0
ENI S P A SPONSORED ADR 26874R108 227 6,440 SH   SOLE   6,440 0 0
EOG RES INC COM 26875P101 547 5,745 SH   SOLE   5,745 0 0
Exxon Mobil Corp COM 30231G102 621 7,685 SH   SOLE   7,685 0 0
FREEPORT-MCMORAN INC CL B 35671D857 466 36,170 SH   SOLE   36,170 0 0
GOLDCORP INC NEW COM 380956409 707 61,715 SH   SOLE   61,715 0 0
GREEN PLAINS INC COM 393222104 245 14,685 SH   SOLE   14,685 0 0
Halliburton Co COM 406216101 218 7,450 SH   SOLE   7,450 0 0
INTL PAPER CO COM 460146103 575 12,431 SH   SOLE   12,431 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 639 5,507 SH   SOLE   5,507 0 0
KINDER MORGAN INC DEL COM 49456B101 323 16,150 SH   SOLE   16,150 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 708 8,415 SH   SOLE   8,415 0 0
Marathon Pete Corp COM 56585A102 1,039 17,358 SH   SOLE   17,358 0 0
MONDELEZ INTL INC CL A 609207105 355 7,119 SH   SOLE   7,119 0 0
Nabors Industries Ltd SHS 629568106 162 47,050 SH   SOLE   47,050 0 0
Newmont Mining Corp COM 651639106 129 36,155 SH   SOLE   36,155 0 0
Noble Energy Inc COM 655044105 334 13,490 SH   SOLE   13,490 0 0
Nutrien Ord Shs COM 67077M108 1,055 19,975 SH   SOLE   19,975 0 0
Packaging Corp Amer COM 695156109 327 3,290 SH   SOLE   3,290 0 0
Pembina Pipeline Corp COM 706327103 444 12,070 SH   SOLE   12,070 0 0
PIONEER NAT RES CO COM 723787107 890 5,845 SH   SOLE   5,845 0 0
POSCO SPONSORED ADR 693483109 267 4,830 SH   SOLE   4,830 0 0
Rio Tinto PLC SPONSORED ADR 767204100 842 14,305 SH   SOLE   14,305 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,208 19,305 SH   SOLE   19,305 0 0
Schlumberger Ltd COM 806857108 590 13,549 SH   SOLE   13,549 0 0
SHERWIN WILLIAMS CO COM 824348106 215 500 SH   SOLE   500 0 0
Southern Copper Corp COM 84265V105 245 6,170 SH   SOLE   6,170 0 0
Steel Dynamics Inc COM 858119100 266 7,540 SH   SOLE   7,540 0 0
Suncor Energy Inc New COM 867224107 1,369 42,185 SH   SOLE   42,185 0 0
Total S A SPONSORED ADR 89151E109 970 17,429 SH   SOLE   17,429 0 0
Transcanada Corp COM 89353D107 1,191 26,475 SH   SOLE   26,475 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 241 45,000 SH   SOLE   45,000 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 202 2,910 SH   SOLE   2,910 0 0
UNITED STATES STL CORP NEW COM 912909108 518 86,740 SH   SOLE   86,740 0 0
Vale S A ADR 91912E105 317 16,290 SH   SOLE   16,290 0 0
Vulcan MATLS Co COM 929160109 779 59,660 SH   SOLE   59,660 0 0
Westrock Co COM 96145D105 435 11,334 SH   SOLE   11,334 0 0
Weyerhaeuser Co COM 962166104 700 26,590 SH   SOLE   26,590 0 0
Zoetis Inc CL A 98978V103 598 5,939 SH   SOLE   5,939 0 0