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 2,759 37,152 SH   SOLE   37,152 0 0
ALCOA CORP COM 013872106 1,733 149,022 SH   SOLE   149,022 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 217 24,859 SH   SOLE   24,859 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108 88 31,847 SH   SOLE   31,847 0 0
ANTERO RESOURCES CORP COM 03674X106 106 38,420 SH   SOLE   38,420 0 0
APACHE CORP COM 037411105 95 10,005 SH   SOLE   10,005 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 244 18,379 SH   SOLE   18,379 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 489 10,523 SH   SOLE   10,523 0 0
ARCHROCK INC COM 03957W106 195 36,285 SH   SOLE   36,285 0 0
B2GOLD CORP COM 11777Q209 562 86,255 SH   SOLE   86,255 0 0
BAKER HUGHES COMPANY CL A 05722G100 443 33,343 SH   SOLE   33,343 0 0
BALLARD PWR SYS INC NEW COM 058586108 835 55,315 SH   SOLE   55,315 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 344 56,047 SH   SOLE   56,047 0 0
BP PLC SPONSORED ADR 055622104 699 40,049 SH   SOLE   40,049 0 0
BRF SA SPONSORED ADR 10552T107 939 286,209 SH   SOLE   286,209 0 0
BUNGE LIMITED COM G16962105 375 8,204 SH   SOLE   8,204 0 0
CABOT OIL & GAS CORP COM 127097103 1,535 88,426 SH   SOLE   88,426 0 0
CAL MAINE FOODS INC COM NEW 128030202 844 21,993 SH   SOLE   21,993 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 636 14,642 SH   SOLE   14,642 0 0
CAMECO CORP COM 13321L108 607 60,138 SH   SOLE   60,138 0 0
CANADIAN NAT RES LTD COM 136385101 227 14,156 SH   SOLE   14,156 0 0
CANADIAN SOLAR INC COM 136635109 1,297 36,949 SH   SOLE   36,949 0 0
CENOVUS ENERGY INC COM 15135U109 59 15,066 SH   SOLE   15,066 0 0
CENTURY ALUM CO COM 156431108 146 20,477 SH   SOLE   20,477 0 0
CF INDS HLDGS INC COM 125269100 4,657 151,643 SH   SOLE   151,643 0 0
CHAMPIONX CORPORATION COM 15872M104 577 72,201 SH   SOLE   72,201 0 0
CHEVRON CORP NEW COM 166764100 585 8,128 SH   SOLE   8,128 0 0
CHINA PETROLEUM & CHEMICAL C SPON ADR H SHS 16941R108 256 6,318 SH   SOLE   6,318 0 0
CIMAREX ENERGY CO COM 171798101 328 13,500 SH   SOLE   13,500 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 1,663 259,055 SH   SOLE   259,055 0 0
CNH INDL N V SHS N20944109 1,040 132,943 SH   SOLE   132,943 0 0
CNOOC LIMITED SPONSORED ADR 126132109 406 4,222 SH   SOLE   4,222 0 0
CNX RES CORP COM 12653C108 1,091 115,608 SH   SOLE   115,608 0 0
COMMERCIAL METALS CO COM 201723103 1,107 55,418 SH   SOLE   55,418 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1,073 129,264 SH   SOLE   129,264 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 245 83,501 SH   SOLE   83,501 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 725 59,347 SH   SOLE   59,347 0 0
COMPASS MINERALS INTL INC COM 20451N101 861 14,504 SH   SOLE   14,504 0 0
COMSTOCK RES INC COM 205768302 80 18,267 SH   SOLE   18,267 0 0
CONCHO RES INC COM 20605P101 268 6,082 SH   SOLE   6,082 0 0
CONOCOPHILLIPS COM 20825C104 1,199 36,503 SH   SOLE   36,503 0 0
CONTINENTAL RES INC COM 212015101 1,619 131,832 SH   SOLE   131,832 0 0
CORE LABORATORIES N V COM N22717107 550 36,074 SH   SOLE   36,074 0 0
CORTEVA INC COM 22052L104 2,247 77,981 SH   SOLE   77,981 0 0
CRESCENT PT ENERGY CORP COM 22576C101 271 224,500 SH   SOLE   224,500 0 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 1,256 9,290 SH   SOLE   9,290 0 0
DARLING INGREDIENTS INC COM 237266101 1,457 40,425 SH   SOLE   40,425 0 0
DEERE & CO COM 244199105 2,124 9,582 SH   SOLE   9,582 0 0
DEVON ENERGY CORP NEW COM 25179M103 488 51,576 SH   SOLE   51,576 0 0
DIAMONDBACK ENERGY INC COM 25278X109 684 22,702 SH   SOLE   22,702 0 0
DRIL QUIP INC COM 262037104 234 9,446 SH   SOLE   9,446 0 0
ECOPETROL S A SPONSORED ADS 279158109 480 48,810 SH   SOLE   48,810 0 0
ENERPLUS CORP COM 292766102 275 147,923 SH   SOLE   147,923 0 0
ENI S P A SPONSORED ADR 26874R108 199 12,822 SH   SOLE   12,822 0 0
ENPHASE ENERGY INC COM 29355A107 1,760 21,310 SH   SOLE   21,310 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 182 11,553 SH   SOLE   11,553 0 0
EOG RES INC COM 26875P101 1,351 37,592 SH   SOLE   37,592 0 0
EQT CORP COM 26884L109 307 23,746 SH   SOLE   23,746 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 1,009 47,573 SH   SOLE   47,573 0 0
EXXON MOBIL CORP COM 30231G102 671 19,556 SH   SOLE   19,556 0 0
F M C CORP COM NEW 302491303 2,339 24,413 SH   SOLE   24,413 0 0
FIRST SOLAR INC COM 336433107 846 12,778 SH   SOLE   12,778 0 0
FORTUNA SILVER MINES INC COM 349915108 177 27,802 SH   SOLE   27,802 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,567 100,193 SH   SOLE   100,193 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 467 20,376 SH   SOLE   20,376 0 0
GERDAU SA SPON ADR REP PFD 373737105 1,612 435,725 SH   SOLE   435,725 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 418 34,040 SH   SOLE   34,040 0 0
GREEN PLAINS INC COM 393222104 318 20,544 SH   SOLE   20,544 0 0
HALLIBURTON CO COM 406216101 940 78,008 SH   SOLE   78,008 0 0
HARSCO CORP COM 415864107 617 44,375 SH   SOLE   44,375 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 343 142,156 SH   SOLE   142,156 0 0
HELMERICH & PAYNE INC COM 423452101 1,747 119,240 SH   SOLE   119,240 0 0
HOLLYFRONTIER CORP COM 436106108 473 23,999 SH   SOLE   23,999 0 0
HORMEL FOODS CORP COM 440452100 1,074 21,963 SH   SOLE   21,963 0 0
HUDBAY MINERALS INC COM 443628102 851 201,300 SH   SOLE   201,300 0 0
IAMGOLD CORP COM 450913108 627 163,637 SH   SOLE   163,637 0 0
IMPERIAL OIL LTD COM NEW 453038408 301 25,123 SH   SOLE   25,123 0 0
INGREDION INC COM 457187102 803 10,607 SH   SOLE   10,607 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 1,814 45,615 SH   SOLE   45,615 0 0
KINROSS GOLD CORP COM 496902404 540 61,175 SH   SOLE   61,175 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 411 8,423 SH   SOLE   8,423 0 0
LAREDO PETROLEUM INC COM 516806205 218 22,210 SH   SOLE   22,210 0 0
LIBERTY OILFIELD SVCS INC COM CL A 53115L104 292 36,594 SH   SOLE   36,594 0 0
LIVENT CORP COM 53814L108 1,334 148,763 SH   SOLE   148,763 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 695 134,418 SH   SOLE   134,418 0 0
MARATHON OIL CORP COM 565849106 2,130 520,896 SH   SOLE   520,896 0 0
MARATHON PETE CORP COM 56585A102 779 26,543 SH   SOLE   26,543 0 0
MATADOR RES CO COM 576485205 99 11,969 SH   SOLE   11,969 0 0
MOSAIC CO NEW COM 61945C103 704 38,540 SH   SOLE   38,540 0 0
MURPHY OIL CORP COM 626717102 337 37,725 SH   SOLE   37,725 0 0
NATIONAL OILWELL VARCO INC COM 637071101 198 21,851 SH   SOLE   21,851 0 0
NEWMONT CORP COM 651639106 737 11,609 SH   SOLE   11,609 0 0
NEXTIER OILFIELD SOLUTIONS COM 65290C105 305 164,985 SH   SOLE   164,985 0 0
NOBLE ENERGY INC COM 655044105 331 38,660 SH   SOLE   38,660 0 0
NUTRIEN LTD COM 67077M108 2,091 53,328 SH   SOLE   53,328 0 0
OCCIDENTAL PETE CORP COM 674599105 170 18,398 SH   SOLE   18,398 0 0
OCEANEERING INTL INC COM 675232102 219 62,121 SH   SOLE   62,121 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 199 16,855 SH   SOLE   16,855 0 0
OVINTIV INC COM 69047Q102 537 65,800 SH   SOLE   65,800 0 0
PARSLEY ENERGY INC CL A 701877102 94 10,041 SH   SOLE   10,041 0 0
PATTERSON UTI ENERGY INC COM 703481101 906 317,814 SH   SOLE   317,814 0 0
PDC ENERGY INC COM 69327R101 1,681 135,582 SH   SOLE   135,582 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 283 9,629 SH   SOLE   9,629 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 165 23,129 SH   SOLE   23,129 0 0
PHILLIPS 66 COM 718546104 475 9,160 SH   SOLE   9,160 0 0
PILGRIMS PRIDE CORP COM 72147K108 1,125 75,185 SH   SOLE   75,185 0 0
PIONEER NAT RES CO COM 723787107 1,224 14,231 SH   SOLE   14,231 0 0
PLUG POWER INC COM NEW 72919P202 1,331 99,274 SH   SOLE   99,274 0 0
POSCO SPONSORED ADR 693483109 443 10,589 SH   SOLE   10,589 0 0
POTLATCHDELTIC CORPORATION COM 737630103 1,071 25,431 SH   SOLE   25,431 0 0
PRETIUM RES INC COM 74139C102 851 66,307 SH   SOLE   66,307 0 0
PROPETRO HLDG CORP COM 74347M108 582 143,467 SH   SOLE   143,467 0 0
RAYONIER INC COM 754907103 1,004 37,991 SH   SOLE   37,991 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 1,860 34,817 SH   SOLE   34,817 0 0
RIO TINTO PLC SPONSORED ADR 767204100 397 6,576 SH   SOLE   6,576 0 0
RPC INC COM 749660106 814 308,258 SH   SOLE   308,258 0 0
SANDERSON FARMS INC COM 800013104 947 8,029 SH   SOLE   8,029 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 340 40,274 SH   SOLE   40,274 0 0
SCHLUMBERGER LTD COM 806857108 831 53,394 SH   SOLE   53,394 0 0
SILVERCORP METALS INC COM 82835P103 180 24,860 SH   SOLE   24,860 0 0
SM ENERGY CO COM 78454L100 72 45,335 SH   SOLE   45,335 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 1,242 38,312 SH   SOLE   38,312 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 1,026 4,303 SH   SOLE   4,303 0 0
SOUTHERN COPPER CORP COM 84265V105 2,337 51,613 SH   SOLE   51,613 0 0
SSR MNG INC COM 784730103 1,118 59,907 SH   SOLE   59,907 0 0
STEEL DYNAMICS INC COM 858119100 1,670 58,331 SH   SOLE   58,331 0 0
SUNCOR ENERGY INC NEW COM 867224107 378 31,000 SH   SOLE   31,000 0 0
SUNPOWER CORP COM 867652406 795 63,531 SH   SOLE   63,531 0 0
SUNRUN INC COM 86771W105 337 4,373 SH   SOLE   4,373 0 0
TALOS ENERGY INC COM 87484T108 151 23,379 SH   SOLE   23,379 0 0
TECK RESOURCES LTD CL B 878742204 3,225 231,723 SH   SOLE   231,723 0 0
TENARIS S A SPONSORED ADS 88031M109 926 93,970 SH   SOLE   93,970 0 0
TERNIUM SA SPONSORED ADS 880890108 761 40,431 SH   SOLE   40,431 0 0
TOTAL SE SPONSORED ADS 89151E109 430 12,523 SH   SOLE   12,523 0 0
TPI COMPOSITES INC COM 87266J104 708 24,456 SH   SOLE   24,456 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 300 72,033 SH   SOLE   72,033 0 0
TYSON FOODS INC CL A 902494103 2,935 49,344 SH   SOLE   49,344 0 0
UNITED STATES STL CORP NEW COM 912909108 766 104,408 SH   SOLE   104,408 0 0
VALE S A SPONSORED ADS 91912E105 2,730 258,077 SH   SOLE   258,077 0 0
VALERO ENERGY CORP COM 91913Y100 746 17,217 SH   SOLE   17,217 0 0
VEDANTA LIMITED SPONSORED ADR 92242Y100 511 69,147 SH   SOLE   69,147 0 0
VERMILION ENERGY INC COM 923725105 531 227,573 SH   SOLE   227,573 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 253 33,643 SH   SOLE   33,643 0 0
VIVINT SOLAR INC COM 92854Q106 2,590 61,159 SH   SOLE   61,159 0 0
WARRIOR MET COAL INC COM 93627C101 226 13,255 SH   SOLE   13,255 0 0
WPX ENERGY INC COM 98212B103 140 28,541 SH   SOLE   28,541 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 287 80,493 SH   SOLE   80,493 0 0