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
AGCO CORP COM 001084102 2,263 39,850 SH   SOLE   39,850 0 0
ALAMOS GOLD INC COM 011527108 359 63,123 SH   SOLE   63,123 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 210 6,950 SH   SOLE   6,950 0 0
AMERICAN STATES WATER CO COM 029899101 202 5,415 SH   SOLE   5,415 0 0
AMERICAN VANGAURD COM 030371108 140 10,126 SH   SOLE   10,126 0 0
ANDERSONS INC COM 034164103 257 6,585 SH   SOLE   6,585 0 0
ANGLOGOLD ASHANTI SPONS ADR 035128206 195 21,817 SH   SOLE   21,817 0 0
APACHE CORP COM 037411105 417 7,243 SH   SOLE   7,243 0 0
AQUA AMERICA INC COM 03836W103 358 14,604 SH   SOLE   14,604 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 199 20,523 SH   SOLE   20,523 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 688 14,277 SH   SOLE   14,277 0 0
AURICO GOLD INC COM 05155C105 197 69,501 SH   SOLE   69,501 0 0
B2GOLD CORP COM 11777Q209 258 168,652 SH   SOLE   168,652 0 0
BAKER HUGHES INC COM 057224107 369 5,982 SH   SOLE   5,982 0 0
BHP BILLITON LTD SPONS ADR 088606108 558 13,695 SH   SOLE   13,695 0 0
BP PLC SPONS ADR 055622104 852 21,315 SH   SOLE   21,315 0 0
CAL-MAINE FOODS INC COM NEW 128030202 702 13,447 SH   SOLE   13,447 0 0
CAMECO CORP COM 13321L108 183 12,836 SH   SOLE   12,836 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 1,530 29,217 SH   SOLE   29,217 0 0
CANADIAN NATURAL RESOURCES COM 136385101 218 8,016 SH   SOLE   8,016 0 0
CARPENTER TECHNOLOGY COM 144285103 211 5,455 SH   SOLE   5,455 0 0
CENOVUS ENERGY INC COM 15135U109 1,729 107,987 SH   SOLE   107,987 0 0
CENTURY ALUMINUM COM 156431108 295 28,270 SH   SOLE   28,270 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 7,244 112,698 SH   SOLE   112,698 0 0
CHESAPEAKE ENERGY CORP COM 165167107 208 18,662 SH   SOLE   18,662 0 0
CHEVRON CORP COM 166764100 824 8,542 SH   SOLE   8,542 0 0
CIMAREX ENERGY CO COM 171798101 432 3,913 SH   SOLE   3,913 0 0
CIVEO CORP COM 178787107 44 14,255 SH   SOLE   14,255 0 0
CNH INDUSTRIAL NV SHS N20944109 362 38,966 SH   SOLE   38,966 0 0
CNOOC LTD SPONS ADR 126132109 2,076 14,630 SH   SOLE   14,630 0 0
COEUR MNG INC COM NEW 192108504 141 24,672 SH   SOLE   24,672 0 0
COMMERCIAL METALS CO COM 201723103 403 25,070 SH   SOLE   25,070 0 0
COMPANHIA DE SANEAMENTO BASI SPONS ADR 20441A102 464 89,579 SH   SOLE   89,579 0 0
COMPANIA DE MINAS BUENAVENTUR ADR 204448104 791 76,237 SH   SOLE   76,237 0 0
CONOCOPHILLIPS COM 20825C104 369 6,007 SH   SOLE   6,007 0 0
CORE LABS NV COM N22717107 1,382 12,121 SH   SOLE   12,121 0 0
CRESCENT POINT ENERGY CORP COM 22576C101 226 10,981 SH   SOLE   10,981 0 0
CVR ENERGY INC COM 12662P108 470 12,494 SH   SOLE   12,494 0 0
CVR REFINING LP COMUNIT REP LT 12663P107 447 24,412 SH   SOLE   24,412 0 0
DARLING INGREDIENTS INC COM 237266101 182 12,409 SH   SOLE   12,409 0 0
DELEK US HOLDINGS INC COM 246647101 803 21,815 SH   SOLE   21,815 0 0
DEVON ENERGY CORPORATION COM 25179M103 473 7,954 SH   SOLE   7,954 0 0
DRESSER-RAND GROUP INC COM 261608103 577 6,769 SH   SOLE   6,769 0 0
DRIL-QUIP INC COM 262037104 1,879 24,974 SH   SOLE   24,974 0 0
ECOPETROL SA SPONS ADR 279158109 684 51,601 SH   SOLE   51,601 0 0
ELDORADO GOLD CORP COM 284902103 285 68,779 SH   SOLE   68,779 0 0
ENCANA CORP COM 292505104 1,440 130,665 SH   SOLE   130,665 0 0
ENERGEN CORP COM 29265N108 1,004 14,696 SH   SOLE   14,696 0 0
ENI SPA SPONS ADR 26874R108 583 16,393 SH   SOLE   16,393 0 0
ENSCO PLC SHS CLASS A G3157S106 239 10,744 SH   SOLE   10,744 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 319 10,676 SH   SOLE   10,676 0 0
EOG RESOURCES COM 26875P101 649 7,415 SH   SOLE   7,415 0 0
EP ENERGY CORP CL A 268785102 336 26,367 SH   SOLE   26,367 0 0
EQT CORP COM 26884L109 284 3,493 SH   SOLE   3,493 0 0
EXTERRAN HOLDING COM 30225X103 370 11,320 SH   SOLE   11,320 0 0
EXXON MOBIL CORP COM 30231G102 1,300 15,622 SH   SOLE   15,622 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 201 41,512 SH   SOLE   41,512 0 0
FMC CORP COM NEW 302491303 3,196 60,821 SH   SOLE   60,821 0 0
FMC TECHNOLOGIES COM 30249U101 1,081 26,045 SH   SOLE   26,045 0 0
FRANCO-NEVADA CORP COM 351858105 632 13,267 SH   SOLE   13,267 0 0
GERDAU SA SPON ADR REP PFD 373737105 471 195,555 SH   SOLE   195,555 0 0
GOLD FIELDS LTD NEW SPONS ADR 38059T106 258 80,000 SH   SOLE   80,000 0 0
GOLDCORP INC COM 380956409 533 32,929 SH   SOLE   32,929 0 0
HALLIBURTON CO COM 406216101 516 11,969 SH   SOLE   11,969 0 0
HARMONY GOLD MNG LTD SPONS ADR 413216300 66 48,893 SH   SOLE   48,893 0 0
HARSCO CORP COM 415864107 369 22,362 SH   SOLE   22,362 0 0
HECLA MINING CO COM 422704106 282 107,237 SH   SOLE   107,237 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 944 74,723 SH   SOLE   74,723 0 0
HELMERICH & PAYNE INC COM 423452101 1,301 18,480 SH   SOLE   18,480 0 0
HESS CORP COM 42809H107 762 11,398 SH   SOLE   11,398 0 0
HOLLYFRONTIER CO COM 436106108 1,210 28,340 SH   SOLE   28,340 0 0
HORMEL FOODS CORP COM 440452100 2,688 47,693 SH   SOLE   47,693 0 0
HUDBAY MINERALS INC COM 443628102 198 23,712 SH   SOLE   23,712 0 0
IMPERIAL OIL LTD COM NEW 453038408 1,026 26,532 SH   SOLE   26,532 0 0
INGREDION INC COM 457187102 966 12,108 SH   SOLE   12,108 0 0
INTREPID POTASH INC COM 46121Y102 455 38,142 SH   SOLE   38,142 0 0
JOY GLOBAL INC COM 481165108 803 22,176 SH   SOLE   22,176 0 0
KINDER MORGAN IN COM 49456B101 311 8,101 SH   SOLE   8,101 0 0
KINROSS GOLD CORP COM NO PAR 496902404 56 24,294 SH   SOLE   24,294 0 0
KOSMOS ENERGY LTD SHS G5315B107 436 51,775 SH   SOLE   51,775 0 0
LINDSAY CORP COM 535555106 385 4,385 SH   SOLE   4,385 0 0
MARATHON OIL CORP COM 565849106 1,362 51,331 SH   SOLE   51,331 0 0
MARATHON PETE CORP COM 56585A102 1,491 28,498 SH   SOLE   28,498 0 0
MONSANTO CO NEW COM 61166W101 5,653 53,038 SH   SOLE   53,038 0 0
MOSAIC CO NEW COM 61945C103 5,991 127,872 SH   SOLE   127,872 0 0
MURPHY OIL CORP COM 626717102 300 7,207 SH   SOLE   7,207 0 0
NABORS INDS LTD SHS G6359F103 172 11,919 SH   SOLE   11,919 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,019 21,105 SH   SOLE   21,105 0 0
NEW GOLD INC COM 644535106 206 76,607 SH   SOLE   76,607 0 0
NEWFIELD EXPL CO COM 651290108 752 20,807 SH   SOLE   20,807 0 0
NOBLE ENERGY INC COM 655044105 208 4,876 SH   SOLE   4,876 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 1,378 17,724 SH   SOLE   17,724 0 0
OCEANEERING INTL COM 675232102 1,554 33,348 SH   SOLE   33,348 0 0
OIL STATES INTL COM 678026105 887 23,814 SH   SOLE   23,814 0 0
PAN AMER SILVER COM 697900108 100 11,610 SH   SOLE   11,610 0 0
PATTERSON UTI ENERGY INC COM 703481101 429 22,816 SH   SOLE   22,816 0 0
PBF ENERGY INC CL A 69318G106 596 20,977 SH   SOLE   20,977 0 0
PETROCHINA CO LTD SPONS ADR 71646E100 453 4,087 SH   SOLE   4,087 0 0
PETROLEO BRASILEIRO SA PETRO SPONS ADR 71654V408 383 42,343 SH   SOLE   42,343 0 0
PHILLIPS 66 COM 718546104 868 10,779 SH   SOLE   10,779 0 0
PILGRIMS PRIDE CORP COM 72147K108 5,820 253,367 SH   SOLE   253,367 0 0
PIONEER NAT RES COM 723787107 323 2,326 SH   SOLE   2,326 0 0
PLUM CREEK TIMBER CO COM 729251108 200 4,937 SH   SOLE   4,937 0 0
POTASH CORP SASK INC COM 73755L107 2,104 67,939 SH   SOLE   67,939 0 0
POTLATCH CORP COM 737630103 259 7,344 SH   SOLE   7,344 0 0
PRIMERO MINING CORP COM 74164W106 151 38,700 SH   SOLE   38,700 0 0
RANDGOLD RESOURCES LTD ADR 752344309 545 8,135 SH   SOLE   8,135 0 0
RAYONIER INC COM 754907103 1,596 62,459 SH   SOLE   62,459 0 0
RELIANCE STEEL COM 759509102 1,065 17,608 SH   SOLE   17,608 0 0
RIO TINTO PLC SPONS ADR 767204100 1,181 28,651 SH   SOLE   28,651 0 0
ROYAL DUTCH SHELL PLC SPONS ADR 780259206 263 4,606 SH   SOLE   4,606 0 0
RPC INC COM 749660106 2,040 147,488 SH   SOLE   147,488 0 0
SANDERSON FARMS INC COM 800013104 6,183 82,271 SH   SOLE   82,271 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 120 40,746 SH   SOLE   40,746 0 0
SASOL LTD 803866300 COM 803866102 1,887 50,949 SH   SOLE   50,949 0 0
SCHLUMBERGER LTD COM 806857108 904 10,488 SH   SOLE   10,488 0 0
SILVER STD RES INC COM 82823L106 285 45,433 SH   SOLE   45,433 0 0
SILVER WHEATON CORP COM 828336107 695 40,052 SH   SOLE   40,052 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 496 30,991 SH   SOLE   30,991 0 0
SOUTHERN COPPER CORP COM 84265V105 1,462 49,706 SH   SOLE   49,706 0 0
SOUTHWESTERN ENERGY CO COM 845467109 398 17,493 SH   SOLE   17,493 0 0
STATOIL ASA SPONS ADR 85771P102 311 17,393 SH   SOLE   17,393 0 0
STEEL DYNAMICS INC COM 858119100 373 18,002 SH   SOLE   18,002 0 0
SUNCOKE ENERGY INC COM 86722A103 210 16,183 SH   SOLE   16,183 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,449 52,584 SH   SOLE   52,584 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 288 13,688 SH   SOLE   13,688 0 0
TESORO CORP COM 881609101 544 6,441 SH   SOLE   6,441 0 0
TOTAL SA SPONS ADR 89151E109 445 9,057 SH   SOLE   9,057 0 0
TRANSCANADA CORP COM 89353D107 355 8,734 SH   SOLE   8,734 0 0
TRANSOCEAN LTD COM H8817H100 181 11,240 SH   SOLE   11,240 0 0
TURQUOISE HILL RESOURCES LTD COM 900435108 384 101,444 SH   SOLE   101,444 0 0
VALE SA SPONS ADR 91912E105 488 82,934 SH   SOLE   82,934 0 0
VALERO ENERGY CORP COM 91913Y100 1,152 18,408 SH   SOLE   18,408 0 0
VEDANTA LTD SPONS ADR 92242Y100 108 10,001 SH   SOLE   10,001 0 0
WALTER ENERGY COM 93317Q105 15 68,768 SH   SOLE   68,768 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 252 20,540 SH   SOLE   20,540 0 0
WESTERN REFINING INC COM 959319104 1,621 37,170 SH   SOLE   37,170 0 0
WEYERHAEUSER CO COM 962166104 718 22,782 SH   SOLE   22,782 0 0
WILLIAMS COS INC COM 969457100 446 7,776 SH   SOLE   7,776 0 0
WORLD FUEL SERVICES CORP COM 981475106 389 8,104 SH   SOLE   8,104 0 0
WORTHINGTON INDS INC COM 981811102 482 16,047 SH   SOLE   16,047 0 0
YAMANA GOLD INC COM 98462Y100 301 100,431 SH   SOLE   100,431 0 0
YPF SA SPONS ADR CL D 984245100 596 21,738 SH   SOLE   21,738 0 0