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 867 3,828 SH   SOLE   3,828 0 0
Albemarle Corp COM 012653101 210 2,970 SH   SOLE   2,970 0 0
ALCOA CORP COM 032511107 489 20,868 SH   SOLE   20,868 0 0
ANADARKO PETE CORP COM 03349M105 766 10,862 SH   SOLE   10,862 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 281 15,560 SH   SOLE   15,560 0 0
Archer Daniels Midland Co COM 039483102 490 12,019 SH   SOLE   12,019 0 0
ATLANTICA YIELD PLC SHS G0751N103 295 13,000 SH   SOLE   13,000 0 0
Barrick Gold Corp COM 067901108 1,434 90,811 SH   SOLE   90,811 0 0
BHP Billiton Ltd SPONSORED ADR 088606108 738 12,700 SH   SOLE   12,700 0 0
BP PLC SPONSORED ADR 055622104 1,821 43,656 SH   SOLE   43,656 0 0
BRF SA SPONSORED ADR 10552T107 2,343 30,834 SH   SOLE   30,834 0 0
Bunge LTD COM G16962105 1,179 21,155 SH   SOLE   21,155 0 0
CANADIAN NATL RY CO COM 136375102 725 7,830 SH   SOLE   7,830 0 0
CANADIAN NATL RES LTD COM 136385101 949 35,173 SH   SOLE   35,173 0 0
Caterpillar Ord Shs COM 149123101 495 3,629 SH   SOLE   3,629 0 0
CF INDS HLDGS INC COM 125269100 613 13,117 SH   SOLE   13,117 0 0
Cheniere Energy Inc COM NEW 16411R208 438 6,403 SH   SOLE   6,403 0 0
Chevron Corp New COM 166764100 763 6,130 SH   SOLE   6,130 0 0
Corteva Inc COM 22052L104 264 8,907 SH   SOLE   8,907 0 0
Deere & Co COM 244199105 1,105 6,670 SH   SOLE   6,670 0 0
DOMTAR CORP COM NEW 257559203 242 5,500 SH   SOLE   5,500 0 0
Dow Inc COM 260557103 431 8,747 SH   SOLE   8,747 0 0
DuPont de Nemours Inc COM 26614N102 633 8,427 SH   SOLE   8,427 0 0
Enbridge Inc COM 29250N105 910 25,199 SH   SOLE   25,199 0 0
EOG RES INC COM 26875P101 497 5,332 SH   SOLE   5,332 0 0
Exxon Mobil Corp COM 30231G102 534 6,972 SH   SOLE   6,972 0 0
FREEPORT-MCMORAN INC CL B 35671D857 369 31,777 SH   SOLE   31,777 0 0
GREEN PLAINS INC COM 393222104 143 13,222 SH   SOLE   13,222 0 0
INTL PAPER CO COM 460146103 503 11,595 SH   SOLE   11,595 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 657 5,391 SH   SOLE   5,391 0 0
KINDER MORGAN INC DEL COM 49456B101 296 14,189 SH   SOLE   14,189 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 707 8,206 SH   SOLE   8,206 0 0
Marathon Pete Corp COM 56585A102 929 16,630 SH   SOLE   16,630 0 0
MONDELEZ INTL INC CL A 609207105 384 7,119 SH   SOLE   7,119 0 0
Nabors Industries Ltd SHS 629568106 136 47,050 SH   SOLE   47,050 0 0
Newmont Goldcorp Corporation COM 651639106 1,723 44,777 SH   SOLE   44,777 0 0
Noble Energy Inc COM 655044105 273 12,188 SH   SOLE   12,188 0 0
Nutrien Ord Shs COM 67077M108 1,039 19,421 SH   SOLE   19,421 0 0
Packaging Corp Amer COM 695156109 306 3,208 SH   SOLE   3,208 0 0
Pembina Pipeline Corp COM 706327103 450 12,070 SH   SOLE   12,070 0 0
PIONEER NAT RES CO COM 723787107 845 5,493 SH   SOLE   5,493 0 0
POSCO SPONSORED ADR 693483109 250 4,718 SH   SOLE   4,718 0 0
Rio Tinto PLC SPONSORED ADR 767204100 733 12,403 SH   SOLE   12,403 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,167 17,935 SH   SOLE   17,935 0 0
Schlumberger Ltd COM 806857108 444 11,185 SH   SOLE   11,185 0 0
Southern Copper Corp COM 84265V105 230 5,924 SH   SOLE   5,924 0 0
Steel Dynamics Inc COM 858119100 200 6,626 SH   SOLE   6,626 0 0
Suncor Energy Inc New COM 867224107 1,286 41,206 SH   SOLE   41,206 0 0
Total S A SPONSORED ADR 89151E109 907 16,260 SH   SOLE   16,260 0 0
TC Energy Corp COM 87807B107 1,301 26,230 SH   SOLE   26,230 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 240 43,790 SH   SOLE   43,790 0 0
TYSON FOODS INC CL A 902494103 235 2,910 SH   SOLE   2,910 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 439 83,833 SH   SOLE   83,833 0 0
UNITED STATES STL CORP NEW COM 912909108 243 15,840 SH   SOLE   15,840 0 0
Vale S A ADR 91912E105 680 50,620 SH   SOLE   50,620 0 0
Westrock Co COM 96145D105 387 10,606 SH   SOLE   10,606 0 0
Weyerhaeuser Co COM 962166104 656 24,887 SH   SOLE   24,887 0 0
Zoetis Inc CL A 98978V103 674 5,939 SH   SOLE   5,939 0 0