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 1,981 35,718 SH   SOLE   35,718 0 0
AGNICO EAGLE MINES LTD COM 008474108 238 3,720 SH   SOLE   3,720 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 789 84,143 SH   SOLE   84,143 0 0
ALCOA CORP COM 013872106 1,204 107,115 SH   SOLE   107,115 0 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 107 32,778 SH   SOLE   32,778 0 0
ANDERSONS INC COM 034164103 204 14,806 SH   SOLE   14,806 0 0
APACHE CORP COM 037411105 181 13,425 SH   SOLE   13,425 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 207 19,300 SH   SOLE   19,300 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,213 30,399 SH   SOLE   30,399 0 0
ARCHROCK INC COM 03957W106 235 36,285 SH   SOLE   36,285 0 0
B2GOLD CORP COM 11777Q209 684 120,242 SH   SOLE   120,242 0 0
BAKER HUGHES COMPANY CL A 05722G100 607 39,451 SH   SOLE   39,451 0 0
BALLARD PWR SYS INC NEW COM 058586108 860 55,846 SH   SOLE   55,846 0 0
BHP GROUP LTD SPONSORED ADS 088606108 272 5,479 SH   SOLE   5,479 0 0
BP PLC SPONSORED ADR 055622104 909 38,992 SH   SOLE   38,992 0 0
BRF SA SPONSORED ADR 10552T107 1,126 283,509 SH   SOLE   283,509 0 0
BUNGE LIMITED COM G16962105 1,724 41,919 SH   SOLE   41,919 0 0
CABOT OIL & GAS CORP COM 127097103 1,090 63,452 SH   SOLE   63,452 0 0
CAL MAINE FOODS INC COM NEW 128030202 981 22,049 SH   SOLE   22,049 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 698 14,642 SH   SOLE   14,642 0 0
CAMECO CORP COM 13321L108 622 60,723 SH   SOLE   60,723 0 0
CANADIAN NAT RES LTD COM 136385101 200 11,456 SH   SOLE   11,456 0 0
CANADIAN SOLAR INC COM 136635109 716 37,156 SH   SOLE   37,156 0 0
CENOVUS ENERGY INC COM 15135U109 119 25,466 SH   SOLE   25,466 0 0
CENTURY ALUM CO COM 156431108 137 19,270 SH   SOLE   19,270 0 0
CF INDS HLDGS INC COM 125269100 2,801 99,522 SH   SOLE   99,522 0 0
CHAMPIONX CORPORATION COM 15872M104 263 26,930 SH   SOLE   26,930 0 0
CHEVRON CORP NEW COM 166764100 323 3,624 SH   SOLE   3,624 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 265 6,318 SH   SOLE   6,318 0 0
CLEVELAND CLIFFS INC COM 185899101 3,108 563,129 SH   SOLE   563,129 0 0
CNH INDL N V SHS N20944109 941 133,798 SH   SOLE   133,798 0 0
CNOOC LIMITED SPONSORED ADR 126132109 388 3,439 SH   SOLE   3,439 0 0
CNX RESOURCES CORPORATION COM 12653C108 665 76,923 SH   SOLE   76,923 0 0
COEUR MNG INC COM NEW 192108504 71 14,012 SH   SOLE   14,012 0 0
COMMERCIAL METALS CO COM 201723103 1,073 52,582 SH   SOLE   52,582 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1,311 124,696 SH   SOLE   124,696 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 424 46,403 SH   SOLE   46,403 0 0
COMPASS MINERALS INTL INC COM 20451N101 707 14,504 SH   SOLE   14,504 0 0
CONOCOPHILLIPS COM 20825C104 1,376 32,737 SH   SOLE   32,737 0 0
CONTINENTAL RES INC COM 212015101 2,070 118,089 SH   SOLE   118,089 0 0
CORE LABORATORIES N V COM N22717107 741 36,476 SH   SOLE   36,476 0 0
CORTEVA INC COM 22052L104 1,890 70,536 SH   SOLE   70,536 0 0
CRESCENT PT ENERGY CORP COM 22576C101 1,716 1,061,800 SH   SOLE   1,061,800 0 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 712 9,590 SH   SOLE   9,590 0 0
DARLING INGREDIENTS INC COM 237266101 1,393 56,598 SH   SOLE   56,598 0 0
DEERE & CO COM 244199105 2,534 16,127 SH   SOLE   16,127 0 0
DEVON ENERGY CORP NEW COM 25179M103 628 55,344 SH   SOLE   55,344 0 0
DIAMONDBACK ENERGY INC COM 25278X109 764 18,273 SH   SOLE   18,273 0 0
ECOPETROL S A SPONSORED ADS 279158109 543 48,810 SH   SOLE   48,810 0 0
ENERPLUS CORP COM 292766102 419 147,923 SH   SOLE   147,923 0 0
ENI S P A SPONSORED ADR 26874R108 247 12,822 SH   SOLE   12,822 0 0
ENPHASE ENERGY INC COM 29355A107 1,018 21,410 SH   SOLE   21,410 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 210 11,553 SH   SOLE   11,553 0 0
EOG RES INC COM 26875P101 1,747 34,490 SH   SOLE   34,490 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 888 47,761 SH   SOLE   47,761 0 0
EXXON MOBIL CORP COM 30231G102 224 5,016 SH   SOLE   5,016 0 0
F M C CORP COM NEW 302491303 1,862 21,002 SH   SOLE   21,002 0 0
FIRST SOLAR INC COM 336433107 833 16,819 SH   SOLE   16,819 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 502 20,376 SH   SOLE   20,376 0 0
GERDAU SA SPON ADR REP PFD 373737105 1,592 537,791 SH   SOLE   537,791 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 648 68,896 SH   SOLE   68,896 0 0
HALLIBURTON CO COM 406216101 1,045 80,526 SH   SOLE   80,526 0 0
HARSCO CORP COM 415864107 789 58,435 SH   SOLE   58,435 0 0
HELMERICH & PAYNE INC COM 423452101 1,526 78,195 SH   SOLE   78,195 0 0
HOLLYFRONTIER CORP COM 436106108 705 24,135 SH   SOLE   24,135 0 0
HORMEL FOODS CORP COM 440452100 716 14,839 SH   SOLE   14,839 0 0
HUDBAY MINERALS INC COM 443628102 843 279,300 SH   SOLE   279,300 0 0
IAMGOLD CORP COM 450913108 666 168,637 SH   SOLE   168,637 0 0
IMPERIAL OIL LTD COM NEW 453038408 547 34,123 SH   SOLE   34,123 0 0
INGREDION INC COM 457187102 1,555 18,738 SH   SOLE   18,738 0 0
ISRAEL CHEMICALS LIMITED SHS M5920A109 266 89,713 SH   SOLE   89,713 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 813 45,904 SH   SOLE   45,904 0 0
KINROSS GOLD CORP COM 496902404 360 49,859 SH   SOLE   49,859 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 531 12,923 SH   SOLE   12,923 0 0
LIVENT CORP COM 53814L108 319 51,823 SH   SOLE   51,823 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 1,097 181,090 SH   SOLE   181,090 0 0
MARATHON OIL CORP COM 565849106 2,621 428,300 SH   SOLE   428,300 0 0
MARATHON PETE CORP COM 56585A102 998 26,692 SH   SOLE   26,692 0 0
MATADOR RES CO COM 576485205 649 76,403 SH   SOLE   76,403 0 0
MURPHY OIL CORP COM 626717102 572 41,461 SH   SOLE   41,461 0 0
NATIONAL OILWELL VARCO INC COM 637071101 268 21,851 SH   SOLE   21,851 0 0
NOBLE ENERGY INC COM 655044105 166 18,534 SH   SOLE   18,534 0 0
NUTRIEN LTD COM 67077M108 210 6,546 SH   SOLE   6,546 0 0
OCCIDENTAL PETE CORP COM 674599105 299 16,356 SH   SOLE   16,356 0 0
OCEANEERING INTL INC COM 675232102 162 25,404 SH   SOLE   25,404 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 169 16,855 SH   SOLE   16,855 0 0
OVINTIV INC COM 69047Q102 971 101,681 SH   SOLE   101,681 0 0
PARSLEY ENERGY INC CL A 701877102 740 69,284 SH   SOLE   69,284 0 0
PATTERSON UTI ENERGY INC COM 703481101 502 144,672 SH   SOLE   144,672 0 0
PDC ENERGY INC COM 69327R101 1,592 128,013 SH   SOLE   128,013 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 318 9,629 SH   SOLE   9,629 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 191 23,129 SH   SOLE   23,129 0 0
PHILLIPS 66 COM 718546104 659 9,160 SH   SOLE   9,160 0 0
PILGRIMS PRIDE CORP COM 72147K108 1,413 83,655 SH   SOLE   83,655 0 0
PIONEER NAT RES CO COM 723787107 1,437 14,704 SH   SOLE   14,704 0 0
PLUG POWER INC COM NEW 72919P202 1,147 139,727 SH   SOLE   139,727 0 0
POSCO SPONSORED ADR 693483109 414 11,177 SH   SOLE   11,177 0 0
POTLATCHDELTIC CORPORATION COM 737630103 1,004 26,397 SH   SOLE   26,397 0 0
PRETIUM RES INC COM 74139C102 179 21,353 SH   SOLE   21,353 0 0
PROPETRO HLDG CORP COM 74347M108 813 158,257 SH   SOLE   158,257 0 0
RAYONIER INC COM 754907103 942 37,991 SH   SOLE   37,991 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 554 22,346 SH   SOLE   22,346 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,507 44,627 SH   SOLE   44,627 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 229 7,019 SH   SOLE   7,019 0 0
RPC INC COM 749660106 955 310,136 SH   SOLE   310,136 0 0
SANDERSON FARMS INC COM 800013104 731 6,308 SH   SOLE   6,308 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 533 55,420 SH   SOLE   55,420 0 0
SCHLUMBERGER LTD COM 806857108 969 52,714 SH   SOLE   52,714 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 87 10,009 SH   SOLE   10,009 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 629 24,128 SH   SOLE   24,128 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 594 4,281 SH   SOLE   4,281 0 0
SSR MNG INC COM 784730103 861 40,385 SH   SOLE   40,385 0 0
STEEL DYNAMICS INC COM 858119100 1,531 58,663 SH   SOLE   58,663 0 0
SUNPOWER CORP COM 867652406 367 47,926 SH   SOLE   47,926 0 0
SUNRUN INC COM 86771W105 636 32,260 SH   SOLE   32,260 0 0
TECK RESOURCES LTD CL B 878742204 1,105 105,976 SH   SOLE   105,976 0 0
TENARIS S A SPONSORED ADS 88031M109 483 37,347 SH   SOLE   37,347 0 0
TERNIUM SA SPONSORED ADS 880890108 615 40,562 SH   SOLE   40,562 0 0
TOTAL S.A. SPONSORED ADS 89151E109 482 12,523 SH   SOLE   12,523 0 0
TPI COMPOSITES INC COM 87266J104 479 20,477 SH   SOLE   20,477 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 406 72,033 SH   SOLE   72,033 0 0
TYSON FOODS INC CL A 902494103 1,850 30,984 SH   SOLE   30,984 0 0
UNITED STATES STL CORP NEW COM 912909108 631 87,352 SH   SOLE   87,352 0 0
VALE S A SPONSORED ADS 91912E105 1,459 141,481 SH   SOLE   141,481 0 0
VALERO ENERGY CORP COM 91913Y100 1,018 17,314 SH   SOLE   17,314 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 388 69,147 SH   SOLE   69,147 0 0
VERMILION ENERGY INC COM 923725105 285 64,273 SH   SOLE   64,273 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 583 56,234 SH   SOLE   56,234 0 0
VIVINT SOLAR INC COM 92854Q106 551 55,665 SH   SOLE   55,665 0 0
W & T OFFSHORE INC COM 92922P106 135 59,342 SH   SOLE   59,342 0 0
WARRIOR MET COAL INC COM 93627C101 204 13,255 SH   SOLE   13,255 0 0
WPX ENERGY INC COM 98212B103 165 25,809 SH   SOLE   25,809 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 446 77,562 SH   SOLE   77,562 0 0