FORM 13F INFORMATION TABLE
                           TITLE           VALUE     SHARE   SHINVSVOTE AUTH
NAME OF ISSUER            OF CLAS  CUSIP   X$1000   PRN AMT  PRDSCR  NONE
ALCOA INC COM               COM  13817101    4,091  480149   SHSole   X
APACHE CORP                 COM  37411105    3,872   50179   SHSole   X
ARCHER DANIEL MIDLAND       COM  039483102   4,599  136338   SHSole   X
BARRICK GOLD CORP COM       COM  067901108   3,909  132973   SHSole   X
CAMECO CORP                 COM  13321L108   3,544  170539   SHSole   X
CF INDS HLDGS INC           COM  125269100   3,685   19355   SHSole   X
CNOOC LTD SPONSORED ADR     COM  126132109   3,821   19953   SHSole   X
COSAN LTD CLASS A SHARES    COM  G25343107   4,208  215787   SHSole   X
EOG RESOURCES INC           COM  26875P101   4,350   33962   SHSole   X
EXXON MOBIL CORP            COM  30231G102   4,251   47178   SHSole   X
FREEPORT-MCMORAN COPPER &   COM  35671D857   3,725  112525   SHSole   X
IMPERIAL OIL LTD            COM  453038960   3,967   97091   SHSole   X
INGREDION INC               COM  457187102   5,326   73647   SHSole   X
MONSANTO CO NEW COM         COM  61166W101   4,674   44251   SHSole   X
OCCIDENTAL PETROLEUM        COM  674599105   3,491   44539   SHSole   X
PEABODY ENERGY CORP COM ST  COM  704549104   7,103  335831   SHSole   X
PETROLEO BRASILEIRO SA PET  COM  71654V101   4,259  234633   SHSole   X
POTASH CORP SASK INC        COM  73755L107   3,496   89075   SHSole   X
SMITHFIELD FOODS INC COM S  COM  832248108   4,822  182091   SHSole   X
SOCIEDAD QUIMICA MINERA DE  COM  833635105   3,823   68943   SHSole   X
SOUTHERN COPPER CORP DEL    COM  84265V105   4,048  107757   SHSole   X
SOUTHWESTERN ENERGY CO COM  COM  845467109   4,611  123746   SHSole   X
STERLITE INDUSTRIES ADS EA  COM  859737207   3,490  499943   SHSole   X
SUNCOR ENERGY INC (NEW) NP  COM  867224107   3,862  128686   SHSole   X
TECK RESOURCES LTD CLASS B  COM  878742204   3,806  135167   SHSole   X
THE MOSAIC CO USD0.01 NEW   COM  61945C103   4,667   78288   SHSole   X
VALE SA ADR REPR 1 PREF SH  COM  91912E204   3,532  213690   SHSole   X
WALTER INDUSTRIES INC COM   COM  93317Q105   3,278  115006   SHSole   X