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 4,942 37,908 SH   SOLE   37,908 0 0
AGNICO EAGLE MINES LTD COM 008474108 2,941 48,657 SH   SOLE   48,657 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 4,253 555,989 SH   SOLE   555,989 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 761 36,477 SH   SOLE   36,477 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 2,463 15,982 SH   SOLE   15,982 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 3,162 170,171 SH   SOLE   170,171 0 0
ANTERO RESOURCES CORP COM 03674X106 321 21,368 SH   SOLE   21,368 0 0
APA CORPORATION COM 03743Q108 1,248 57,677 SH   SOLE   57,677 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 844 27,181 SH   SOLE   27,181 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,564 25,806 SH   SOLE   25,806 0 0
ARCONIC CORPORATION COM 03966V107 326 9,164 SH   SOLE   9,164 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100 878 56,270 SH   SOLE   56,270 0 0
ATLANTICA SUSTAINABLE INFR P SHS G0751N103 1,502 40,342 SH   SOLE   40,342 0 0
B2GOLD CORP COM 11777Q209 6,252 1,485,125 SH   SOLE   1,485,125 0 0
BAKER HUGHES COMPANY CL A 05722G100 1,423 62,207 SH   SOLE   62,207 0 0
BALLARD PWR SYS INC NEW COM 058586108 2,631 145,180 SH   SOLE   145,180 0 0
BARRICK GOLD CORP COM 067901108 1,164 56,276 SH   SOLE   56,276 0 0
BEYOND MEAT INC COM 08862E109 3,989 25,328 SH   SOLE   25,328 0 0
BP PLC SPONSORED ADR 055622104 3,583 135,611 SH   SOLE   135,611 0 0
BRF SA SPONSORED ADR 10552T107 2,115 386,695 SH   SOLE   386,695 0 0
BUNGE LIMITED COM G16962105 3,191 40,828 SH   SOLE   40,828 0 0
CABOT OIL & GAS CORP COM 127097103 2,061 118,041 SH   SOLE   118,041 0 0
CAL MAINE FOODS INC COM NEW 128030202 1,110 30,666 SH   SOLE   30,666 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 526 9,473 SH   SOLE   9,473 0 0
CALLON PETE CO DEL COM 13123X508 341 5,906 SH   SOLE   5,906 0 0
CAMECO CORP COM 13321L108 1,372 71,527 SH   SOLE   71,527 0 0
CANADIAN NAT RES LTD COM 136385101 3,329 91,759 SH   SOLE   91,759 0 0
CANADIAN SOLAR INC COM 136635109 3,277 73,087 SH   SOLE   73,087 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 688 101,425 SH   SOLE   101,425 0 0
CENTURY ALUM CO COM 156431108 417 32,361 SH   SOLE   32,361 0 0
CF INDS HLDGS INC COM 125269100 11,188 217,450 SH   SOLE   217,450 0 0
CHAMPIONX CORPORATION COM 15872M104 1,439 56,104 SH   SOLE   56,104 0 0
CHEMOURS CO COM 163851108 2,033 58,409 SH   SOLE   58,409 0 0
CHEVRON CORP NEW COM 166764100 375 3,579 SH   SOLE   3,579 0 0
CHINA PETROLEUM & CHEMICAL C SPON ADR H SHS 16941R108 307 6,024 SH   SOLE   6,024 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 553 25,653 SH   SOLE   25,653 0 0
CNH INDL N V SHS N20944109 2,352 140,670 SH   SOLE   140,670 0 0
CNX RES CORP COM 12653C108 1,223 89,521 SH   SOLE   89,521 0 0
COMMERCIAL METALS CO COM 201723103 1,593 51,846 SH   SOLE   51,846 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1,892 255,652 SH   SOLE   255,652 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 266 30,257 SH   SOLE   30,257 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 325 35,884 SH   SOLE   35,884 0 0
COMPASS MINERALS INTL INC COM 20451N101 970 16,366 SH   SOLE   16,366 0 0
CONOCOPHILLIPS COM 20825C104 3,935 64,610 SH   SOLE   64,610 0 0
CONSTELLIUM SE CL A SHS F21107101 774 40,867 SH   SOLE   40,867 0 0
CONTINENTAL RES INC COM 212015101 4,013 105,522 SH   SOLE   105,522 0 0
CORE LABORATORIES N V COM N22717107 2,545 65,330 SH   SOLE   65,330 0 0
CORTEVA INC COM 22052L104 5,060 114,089 SH   SOLE   114,089 0 0
CRESCENT PT ENERGY CORP COM 22576C101 1,181 261,200 SH   SOLE   261,200 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203 415 6,382 SH   SOLE   6,382 0 0
DARLING INGREDIENTS INC COM 237266101 4,489 66,509 SH   SOLE   66,509 0 0
DEERE & CO COM 244199105 3,037 8,610 SH   SOLE   8,610 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,343 46,026 SH   SOLE   46,026 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 331 30,444 SH   SOLE   30,444 0 0
ECOPETROL S A SPONSORED ADS 279158109 1,453 99,409 SH   SOLE   99,409 0 0
ELDORADO GOLD CORP NEW COM 284902509 3,304 332,078 SH   SOLE   332,078 0 0
ENI S P A SPONSORED ADR 26874R108 508 20,830 SH   SOLE   20,830 0 0
ENPHASE ENERGY INC COM 29355A107 3,121 16,997 SH   SOLE   16,997 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 269 11,138 SH   SOLE   11,138 0 0
EOG RES INC COM 26875P101 3,342 40,055 SH   SOLE   40,055 0 0
EQT CORP COM 26884L109 229 10,276 SH   SOLE   10,276 0 0
ESSENTIAL UTILS INC COM 29670G102 1,260 27,570 SH   SOLE   27,570 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 6,822 201,956 SH   SOLE   201,956 0 0
EXXON MOBIL CORP COM 30231G102 1,512 23,974 SH   SOLE   23,974 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 568 35,914 SH   SOLE   35,914 0 0
FIRST SOLAR INC COM 336433107 1,353 14,953 SH   SOLE   14,953 0 0
FMC CORP COM NEW 302491303 3,604 33,305 SH   SOLE   33,305 0 0
FORTUNA SILVER MINES INC COM 349915108 4,655 838,827 SH   SOLE   838,827 0 0
FRANCO NEV CORP COM 351858105 296 2,043 SH   SOLE   2,043 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,218 32,819 SH   SOLE   32,819 0 0
GERDAU SA SPON ADR REP PFD 373737105 1,770 299,922 SH   SOLE   299,922 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 5,068 569,427 SH   SOLE   569,427 0 0
GREEN PLAINS INC COM 393222104 663 19,719 SH   SOLE   19,719 0 0
HALLIBURTON CO COM 406216101 2,609 112,839 SH   SOLE   112,839 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 148 39,695 SH   SOLE   39,695 0 0
HECLA MNG CO COM 422704106 1,342 180,340 SH   SOLE   180,340 0 0
HELMERICH & PAYNE INC COM 423452101 1,867 57,202 SH   SOLE   57,202 0 0
HESS CORP COM 42809H107 213 2,438 SH   SOLE   2,438 0 0
HOLLYFRONTIER CORP COM 436106108 758 23,035 SH   SOLE   23,035 0 0
HORMEL FOODS CORP COM 440452100 3,608 75,566 SH   SOLE   75,566 0 0
HUDBAY MINERALS INC COM 443628102 2,204 331,400 SH   SOLE   331,400 0 0
IAMGOLD CORP COM 450913108 517 175,141 SH   SOLE   175,141 0 0
INGREDION INC COM 457187102 2,492 27,535 SH   SOLE   27,535 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 2,362 42,171 SH   SOLE   42,171 0 0
KINROSS GOLD CORP COM 496902404 5,590 880,380 SH   SOLE   880,380 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 5,185 134,623 SH   SOLE   134,623 0 0
LIVENT CORP COM 53814L108 771 39,801 SH   SOLE   39,801 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 2,017 129,027 SH   SOLE   129,027 0 0
MARATHON OIL CORP COM 565849106 2,871 210,828 SH   SOLE   210,828 0 0
MARATHON PETE CORP COM 56585A102 1,539 25,476 SH   SOLE   25,476 0 0
MATADOR RES CO COM 576485205 248 6,882 SH   SOLE   6,882 0 0
MOSAIC CO NEW COM 61945C103 4,074 127,681 SH   SOLE   127,681 0 0
MURPHY OIL CORP COM 626717102 2,709 116,345 SH   SOLE   116,345 0 0
NEWMONT CORP COM 651639106 2,780 43,855 SH   SOLE   43,855 0 0
NOV INC COM 62955J103 1,507 98,386 SH   SOLE   98,386 0 0
NUTRIEN LTD COM 67077M108 5,691 93,970 SH   SOLE   93,970 0 0
OCCIDENTAL PETE CORP COM 674599105 3,929 125,646 SH   SOLE   125,646 0 0
ORMAT TECHNOLOGIES INC COM 686688102 2,825 40,631 SH   SOLE   40,631 0 0
OVINTIV INC COM 69047Q102 2,784 88,469 SH   SOLE   88,469 0 0
PAN AMERN SILVER CORP COM 697900108 5,506 192,692 SH   SOLE   192,692 0 0
PATTERSON-UTI ENERGY INC COM 703481101 2,559 257,493 SH   SOLE   257,493 0 0
PDC ENERGY INC COM 69327R101 4,265 93,140 SH   SOLE   93,140 0 0
PENTAIR PLC SHS G7S00T104 8,219 121,777 SH   SOLE   121,777 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 450 9,181 SH   SOLE   9,181 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,811 311,619 SH   SOLE   311,619 0 0
PHILLIPS 66 COM 718546104 752 8,761 SH   SOLE   8,761 0 0
PILGRIMS PRIDE CORP COM 72147K108 1,628 73,413 SH   SOLE   73,413 0 0
PIONEER NAT RES CO COM 723787107 1,296 7,976 SH   SOLE   7,976 0 0
PLUG POWER INC COM NEW 72919P202 368 10,759 SH   SOLE   10,759 0 0
POTLATCHDELTIC CORPORATION COM 737630103 2,548 47,941 SH   SOLE   47,941 0 0
PRETIUM RES INC COM 74139C102 1,011 105,793 SH   SOLE   105,793 0 0
PROPETRO HLDG CORP COM 74347M108 1,090 119,000 SH   SOLE   119,000 0 0
RAYONIER INC COM 754907103 1,255 34,936 SH   SOLE   34,936 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 908 6,017 SH   SOLE   6,017 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 1,546 24,797 SH   SOLE   24,797 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,904 34,621 SH   SOLE   34,621 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 3,007 74,438 SH   SOLE   74,438 0 0
ROYAL GOLD INC COM 780287108 1,139 9,979 SH   SOLE   9,979 0 0
RPC INC COM 749660106 723 146,144 SH   SOLE   146,144 0 0
SANDERSON FARMS INC COM 800013104 8,049 42,819 SH   SOLE   42,819 0 0
SCHLUMBERGER LTD COM STK 806857108 1,258 39,297 SH   SOLE   39,297 0 0
SILVERCORP METALS INC COM 82835P103 348 63,428 SH   SOLE   63,428 0 0
SM ENERGY CO COM 78454L100 934 37,909 SH   SOLE   37,909 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 8,627 182,265 SH   SOLE   182,265 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 1,532 5,543 SH   SOLE   5,543 0 0
SOUTHERN COPPER CORP COM 84265V105 832 12,933 SH   SOLE   12,933 0 0
SOUTHWESTERN ENERGY CO COM 845467109 400 70,547 SH   SOLE   70,547 0 0
SSR MNG INC COM 784730103 584 37,411 SH   SOLE   37,411 0 0
SUNCOKE ENERGY INC COM 86722A103 232 32,488 SH   SOLE   32,488 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,231 93,200 SH   SOLE   93,200 0 0
SUNPOWER CORP COM 867652406 1,811 61,968 SH   SOLE   61,968 0 0
TECHNIPFMC PLC COM G87110105 723 79,839 SH   SOLE   79,839 0 0
TECK RESOURCES LTD CL B 878742204 917 39,780 SH   SOLE   39,780 0 0
TENARIS S A SPONSORED ADS 88031M109 911 41,608 SH   SOLE   41,608 0 0
TERNIUM SA SPONSORED ADS 880890108 1,289 33,512 SH   SOLE   33,512 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109 2,376 52,488 SH   SOLE   52,488 0 0
TRANSOCEAN LTD REG SHS H8817H100 900 199,080 SH   SOLE   199,080 0 0
TURQUOISE HILL RES LTD COM 900435207 335 19,863 SH   SOLE   19,863 0 0
TYSON FOODS INC CL A 902494103 7,895 107,032 SH   SOLE   107,032 0 0
VALE S A SPONSORED ADS 91912E105 6,136 268,986 SH   SOLE   268,986 0 0
VALERO ENERGY CORP COM 91913Y100 1,290 16,525 SH   SOLE   16,525 0 0
VEDANTA LIMITED SPONSORED ADR 92242Y100 985 69,370 SH   SOLE   69,370 0 0
VILLAGE FARMS INTL INC COM 92707Y108 2,137 199,720 SH   SOLE   199,720 0 0
WARRIOR MET COAL INC COM 93627C101 220 12,762 SH   SOLE   12,762 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 2,029 46,051 SH   SOLE   46,051 0 0
WORTHINGTON INDS INC COM 981811102 223 3,651 SH   SOLE   3,651 0 0
YAMANA GOLD INC COM 98462Y100 3,844 910,940 SH   SOLE   910,940 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 507 108,397 SH   SOLE   108,397 0 0