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
ADECOAGRO S A COM L00849106 455 54,336 SH   SOLE   54,336 0 0
AGCO CORP COM 001084102 3,133 40,556 SH   SOLE   40,556 0 0
AK STL HLDG CORP COM 001547108 1,859 565,127 SH   SOLE   565,127 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 286 47,542 SH   SOLE   47,542 0 0
ALCOA CORP COM 013872106 1,268 58,930 SH   SOLE   58,930 0 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 323 29,864 SH   SOLE   29,864 0 0
AMERICAN STS WTR CO COM 029899101 970 11,195 SH   SOLE   11,195 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 3,495 28,446 SH   SOLE   28,446 0 0
ANDERSONS INC COM 034164103 368 14,574 SH   SOLE   14,574 0 0
ANTERO RES CORP COM 03674X106 1,260 442,178 SH   SOLE   442,178 0 0
APACHE CORP COM 037411105 294 11,499 SH   SOLE   11,499 0 0
AQUA AMERICA INC COM 03836W103 2,408 51,299 SH   SOLE   51,299 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 1,805 102,908 SH   SOLE   102,908 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,530 33,019 SH   SOLE   33,019 0 0
ARCHROCK INC COM 03957W106 427 42,498 SH   SOLE   42,498 0 0
B2GOLD CORP COM 11777Q209 254 63,100 SH   SOLE   63,100 0 0
BAKER HUGHES COMPANY CL A 05722G100 704 27,458 SH   SOLE   27,458 0 0
BALLARD PWR SYS INC NEW COM 058586108 99 13,767 SH   SOLE   13,767 0 0
BAYTEX ENERGY CORP COM 07317Q105 28 19,466 SH   SOLE   19,466 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 344 14,731 SH   SOLE   14,731 0 0
BP PLC SPONSORED ADR 055622104 583 15,453 SH   SOLE   15,453 0 0
BRF SA SPONSORED ADR 10552T107 2,635 302,843 SH   SOLE   302,843 0 0
BUNGE LIMITED COM G16962105 4,069 70,698 SH   SOLE   70,698 0 0
CAL MAINE FOODS INC COM NEW 128030202 999 23,379 SH   SOLE   23,379 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 786 15,250 SH   SOLE   15,250 0 0
CALLON PETE CO DEL COM 13123X102 2,099 434,599 SH   SOLE   434,599 0 0
CAMECO CORP COM 13321L108 583 65,467 SH   SOLE   65,467 0 0
CANADIAN SOLAR INC COM 136635109 814 36,818 SH   SOLE   36,818 0 0
CENOVUS ENERGY INC COM 15135U109 158 15,466 SH   SOLE   15,466 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 1,289 278,915 SH   SOLE   278,915 0 0
CENTURY ALUM CO COM 156431108 1,112 147,995 SH   SOLE   147,995 0 0
CF INDS HLDGS INC COM 125269100 835 17,489 SH   SOLE   17,489 0 0
CHEVRON CORP NEW COM 166764100 725 6,012 SH   SOLE   6,012 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 373 6,209 SH   SOLE   6,209 0 0
CIMAREX ENERGY CO COM 171798101 1,794 34,186 SH   SOLE   34,186 0 0
CLEVELAND CLIFFS INC COM 185899101 1,200 142,816 SH   SOLE   142,816 0 0
CNH INDL N V SHS N20944109 1,728 157,084 SH   SOLE   157,084 0 0
CNOOC LTD SPONSORED ADR 126132109 1,190 7,142 SH   SOLE   7,142 0 0
CNX RESOURCES CORPORATION COM 12653C108 476 53,797 SH   SOLE   53,797 0 0
COEUR MNG INC COM NEW 192108504 113 14,012 SH   SOLE   14,012 0 0
COMMERCIAL METALS CO COM 201723103 1,251 56,181 SH   SOLE   56,181 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 3,369 223,850 SH   SOLE   223,850 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 236 68,533 SH   SOLE   68,533 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,665 27,309 SH   SOLE   27,309 0 0
CONCHO RES INC COM 20605P101 2,678 30,578 SH   SOLE   30,578 0 0
CONOCOPHILLIPS COM 20825C104 1,611 24,772 SH   SOLE   24,772 0 0
CONSOL ENERGY INC NEW COM 20854L108 403 27,767 SH   SOLE   27,767 0 0
CONTINENTAL RESOURCES INC COM 212015101 3,042 88,680 SH   SOLE   88,680 0 0
CORE LABORATORIES N V COM N22717107 425 11,293 SH   SOLE   11,293 0 0
CRESCENT PT ENERGY CORP COM 22576C101 135 30,300 SH   SOLE   30,300 0 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 383 7,481 SH   SOLE   7,481 0 0
DARLING INGREDIENTS INC COM 237266101 4,001 142,490 SH   SOLE   142,490 0 0
DEERE & CO COM 244199105 3,443 19,870 SH   SOLE   19,870 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,148 82,716 SH   SOLE   82,716 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 220 30,572 SH   SOLE   30,572 0 0
DIAMONDBACK ENERGY INC COM 25278X109 663 7,141 SH   SOLE   7,141 0 0
ECOPETROL S A SPONSORED ADS 279158109 312 15,649 SH   SOLE   15,649 0 0
ENCANA CORP COM 292505104 1,168 248,946 SH   SOLE   248,946 0 0
ENERPLUS CORP COM 292766102 356 49,968 SH   SOLE   49,968 0 0
ENI S P A SPONSORED ADR 26874R108 620 27,396 SH   SOLE   27,396 0 0
ENPHASE ENERGY INC COM 29355A107 389 14,885 SH   SOLE   14,885 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 323 11,457 SH   SOLE   11,457 0 0
EOG RES INC COM 26875P101 2,148 25,641 SH   SOLE   25,641 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 979 51,686 SH   SOLE   51,686 0 0
EXTRACTION OIL AND GAS INC COM 30227M105 973 458,914 SH   SOLE   458,914 0 0
EXXON MOBIL CORP COM 30231G102 704 10,084 SH   SOLE   10,084 0 0
F M C CORP COM NEW 302491303 3,143 31,483 SH   SOLE   31,483 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 134 10,936 SH   SOLE   10,936 0 0
FORTUNA SILVER MINES INC COM 349915108 195 47,714 SH   SOLE   47,714 0 0
FRANKS INTL N V COM N33462107 241 46,545 SH   SOLE   46,545 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 704 20,113 SH   SOLE   20,113 0 0
GEOPARK LTD USD SHS G38327105 502 22,711 SH   SOLE   22,711 0 0
GERDAU S A SPON ADR REP PFD 373737105 2,078 424,039 SH   SOLE   424,039 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 209 31,674 SH   SOLE   31,674 0 0
GREEN PLAINS INC COM 393222104 755 48,963 SH   SOLE   48,963 0 0
GULFPORT ENERGY CORP COM NEW 402635304 2,082 684,908 SH   SOLE   684,908 0 0
HALLIBURTON CO COM 406216101 533 21,797 SH   SOLE   21,797 0 0
HARSCO CORP COM 415864107 796 34,613 SH   SOLE   34,613 0 0
HECLA MNG CO COM 422704106 157 46,171 SH   SOLE   46,171 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 601 62,401 SH   SOLE   62,401 0 0
HELMERICH & PAYNE INC COM 423452101 456 10,043 SH   SOLE   10,043 0 0
HESS CORP COM 42809H107 205 3,075 SH   SOLE   3,075 0 0
HOLLYFRONTIER CORP COM 436106108 1,212 23,894 SH   SOLE   23,894 0 0
HORMEL FOODS CORP COM 440452100 1,606 35,593 SH   SOLE   35,593 0 0
HUDBAY MINERALS INC COM 443628102 1,375 331,300 SH   SOLE   331,300 0 0
IAMGOLD CORP COM 450913108 273 73,073 SH   SOLE   73,073 0 0
INGREDION INC COM 457187102 4,036 43,419 SH   SOLE   43,419 0 0
ISRAEL CHEMICALS LTD SHS M5920A109 384 81,621 SH   SOLE   81,621 0 0
JAGGED PEAK ENERGY INC COM 47009K107 1,066 125,607 SH   SOLE   125,607 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 390 17,357 SH   SOLE   17,357 0 0
KOSMOS ENERGY LTD COM 500688106 186 32,616 SH   SOLE   32,616 0 0
LAREDO PETROLEUM INC COM 516806106 1,955 681,206 SH   SOLE   681,206 0 0
MARATHON OIL CORP COM 565849106 2,061 151,773 SH   SOLE   151,773 0 0
MARATHON PETE CORP COM 56585A102 1,592 26,426 SH   SOLE   26,426 0 0
MATADOR RES CO COM 576485205 1,323 73,635 SH   SOLE   73,635 0 0
MCDERMOTT INTL INC COM 580037703 14 20,632 SH   SOLE   20,632 0 0
MURPHY OIL CORP COM 626717102 619 23,085 SH   SOLE   23,085 0 0
NABORS INDUSTRIES LTD SHS G6359F103 772 267,976 SH   SOLE   267,976 0 0
NATIONAL OILWELL VARCO INC COM 637071101 209 8,354 SH   SOLE   8,354 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 89 14,183 SH   SOLE   14,183 0 0
NEXTIER OILFIELD SOLUTIONS I COM 65290C105 1,209 180,515 SH   SOLE   180,515 0 0
NOBLE ENERGY INC COM 655044105 813 32,746 SH   SOLE   32,746 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 218 93,003 SH   SOLE   93,003 0 0
NUTRIEN LTD COM 67077M108 229 4,787 SH   SOLE   4,787 0 0
OASIS PETE INC NEW COM 674215108 491 150,654 SH   SOLE   150,654 0 0
OCCIDENTAL PETE CORP COM 674599105 710 17,235 SH   SOLE   17,235 0 0
OCEANEERING INTL INC COM 675232102 587 39,354 SH   SOLE   39,354 0 0
OIL STS INTL INC COM 678026105 667 40,901 SH   SOLE   40,901 0 0
PARSLEY ENERGY INC CL A 701877102 1,974 104,401 SH   SOLE   104,401 0 0
PATTERSON UTI ENERGY INC COM 703481101 942 89,745 SH   SOLE   89,745 0 0
PDC ENERGY INC COM 69327R101 1,087 41,548 SH   SOLE   41,548 0 0
PENTAIR PLC SHS G7S00T104 1,630 35,530 SH   SOLE   35,530 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 476 9,463 SH   SOLE   9,463 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 374 23,477 SH   SOLE   23,477 0 0
PHILLIPS 66 COM 718546104 1,012 9,088 SH   SOLE   9,088 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 3,119 95,330 SH   SOLE   95,330 0 0
PIONEER NAT RES CO COM 723787107 1,683 11,118 SH   SOLE   11,118 0 0
POSCO SPONSORED ADR 693483109 618 12,204 SH   SOLE   12,204 0 0
POTLATCHDELTIC CORPORATION COM 737630103 1,291 29,828 SH   SOLE   29,828 0 0
PRETIUM RES INC COM 74139C102 296 26,588 SH   SOLE   26,588 0 0
PROPETRO HLDG CORP COM 74347M108 789 70,150 SH   SOLE   70,150 0 0
QEP RES INC COM 74733V100 290 64,344 SH   SOLE   64,344 0 0
RANGE RES CORP COM 75281A109 102 21,054 SH   SOLE   21,054 0 0
RAYONIER INC COM 754907103 1,280 39,061 SH   SOLE   39,061 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 1,670 61,950 SH   SOLE   61,950 0 0
RIO TINTO PLC SPONSORED ADR 767204100 3,327 56,046 SH   SOLE   56,046 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 409 6,943 SH   SOLE   6,943 0 0
RPC INC COM 749660106 1,204 229,818 SH   SOLE   229,818 0 0
SANDERSON FARMS INC COM 800013104 4,151 23,556 SH   SOLE   23,556 0 0
SCHLUMBERGER LTD COM 806857108 609 15,158 SH   SOLE   15,158 0 0
SCHNITZER STL INDS CL A 806882106 526 24,265 SH   SOLE   24,265 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 342 36,801 SH   SOLE   36,801 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206 124 12,503 SH   SOLE   12,503 0 0
SJW GROUP COM 784305104 608 8,556 SH   SOLE   8,556 0 0
SM ENERGY CO COM 78454L100 1,956 174,011 SH   SOLE   174,011 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 529 5,560 SH   SOLE   5,560 0 0
SOLARIS OILFIELD INFRSTR INC COM CL A 83418M103 472 33,686 SH   SOLE   33,686 0 0
SOUTHERN COPPER CORP COM 84265V105 208 4,890 SH   SOLE   4,890 0 0
SOUTHWESTERN ENERGY CO COM 845467109 366 151,248 SH   SOLE   151,248 0 0
SRC ENERGY INC COM 78470V108 2,571 623,975 SH   SOLE   623,975 0 0
SSR MNG INC COM 784730103 417 21,658 SH   SOLE   21,658 0 0
STEEL DYNAMICS INC COM 858119100 1,609 47,281 SH   SOLE   47,281 0 0
SUNCOKE ENERGY INC COM 86722A103 111 17,835 SH   SOLE   17,835 0 0
SUNCOR ENERGY INC NEW COM 867224107 266 8,110 SH   SOLE   8,110 0 0
SUNPOWER CORP COM 867652406 94 11,999 SH   SOLE   11,999 0 0
TECK RESOURCES LTD CL B 878742204 2,242 129,091 SH   SOLE   129,091 0 0
TELLURIAN INC NEW COM 87968A104 747 102,634 SH   SOLE   102,634 0 0
TENARIS S A SPONSORED ADS 88031M109 1,660 73,324 SH   SOLE   73,324 0 0
TERNIUM SA SPONSORED ADS 880890108 952 43,295 SH   SOLE   43,295 0 0
TOTAL S A SPONSORED ADS 89151E109 788 14,243 SH   SOLE   14,243 0 0
TPI COMPOSITES INC COM 87266J104 394 21,287 SH   SOLE   21,287 0 0
TRANSOCEAN LTD REG SHS H8817H100 158 22,975 SH   SOLE   22,975 0 0
TYSON FOODS INC CL A 902494103 4,164 45,740 SH   SOLE   45,740 0 0
U S SILICA HLDGS INC COM 90346E103 250 40,681 SH   SOLE   40,681 0 0
UNITED STATES STL CORP NEW COM 912909108 3,176 278,377 SH   SOLE   278,377 0 0
VALARIS PLC SHS CLASS A G9402V109 271 41,351 SH   SOLE   41,351 0 0
VALE S A SPONSORED ADS 91912E105 145 10,957 SH   SOLE   10,957 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,605 17,141 SH   SOLE   17,141 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 455 52,673 SH   SOLE   52,673 0 0
VILLAGE FARMS INTL INC COM 92707Y108 438 70,400 SH   SOLE   70,400 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 802 32,533 SH   SOLE   32,533 0 0
W & T OFFSHORE INC COM 92922P106 1,604 288,401 SH   SOLE   288,401 0 0
WARRIOR MET COAL INC COM 93627C101 572 27,088 SH   SOLE   27,088 0 0
WHITING PETE CORP NEW COM NEW 966387409 860 117,110 SH   SOLE   117,110 0 0
WPX ENERGY INC COM 98212B103 2,920 212,495 SH   SOLE   212,495 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 1,141 98,557 SH   SOLE   98,557 0 0