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 2,306 18,819 SH   SOLE   18,819 0 0
AGNICO EAGLE MINES LTD COM 008474108 2,881 55,562 SH   SOLE   55,562 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 3,576 496,698 SH   SOLE   496,698 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 607 36,477 SH   SOLE   36,477 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 2,212 13,084 SH   SOLE   13,084 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 2,766 172,972 SH   SOLE   172,972 0 0
ANTERO RESOURCES CORP COM 03674X106 402 21,368 SH   SOLE   21,368 0 0
APA CORPORATION COM 03743Q108 1,133 52,868 SH   SOLE   52,868 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 820 27,181 SH   SOLE   27,181 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,656 27,588 SH   SOLE   27,588 0 0
ARCHROCK INC COM 03957W106 401 48,618 SH   SOLE   48,618 0 0
ARCONIC CORPORATION COM 03966V107 644 20,405 SH   SOLE   20,405 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100 1,099 59,361 SH   SOLE   59,361 0 0
ATLANTICA SUSTAINABLE INFR P SHS G0751N103 2,516 72,892 SH   SOLE   72,892 0 0
B2GOLD CORP COM 11777Q209 4,709 1,376,766 SH   SOLE   1,376,666 0 0
BAKER HUGHES COMPANY CL A 05722G100 1,578 63,828 SH   SOLE   63,828 0 0
BALLARD PWR SYS INC NEW COM 058586108 2,334 166,099 SH   SOLE   166,099 0 0
BARRICK GOLD CORP COM 067901108 1,014 56,186 SH   SOLE   56,186 0 0
BEYOND MEAT INC COM 08862E109 5,864 55,709 SH   SOLE   55,709 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 431 8,992 SH   SOLE   8,992 0 0
BP PLC SPONSORED ADR 055622104 3,625 132,642 SH   SOLE   132,642 0 0
BRF SA SPONSORED ADR 10552T107 1,941 386,695 SH   SOLE   386,695 0 0
BUNGE LIMITED COM G16962105 5,492 67,536 SH   SOLE   67,536 0 0
CABOT OIL & GAS CORP COM 127097103 1,892 86,958 SH   SOLE   86,958 0 0
CAL MAINE FOODS INC COM NEW 128030202 1,109 30,666 SH   SOLE   30,666 0 0
CALLON PETE CO DEL COM 13123X508 2,094 42,659 SH   SOLE   42,659 0 0
CAMECO CORP COM 13321L108 1,563 71,926 SH   SOLE   71,926 0 0
CANADIAN SOLAR INC COM 136635109 4,159 120,248 SH   SOLE   120,248 0 0
CENOVUS ENERGY INC COM 15135U109 181 17,935 SH   SOLE   17,935 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 2,107 314,471 SH   SOLE   314,471 0 0
CENTURY ALUM CO COM 156431108 435 32,361 SH   SOLE   32,361 0 0
CF INDS HLDGS INC COM 125269100 11,489 205,815 SH   SOLE   205,815 0 0
CHAMPIONX CORPORATION COM 15872M104 1,269 56,740 SH   SOLE   56,740 0 0
CHEMOURS CO COM 163851108 1,134 39,007 SH   SOLE   39,007 0 0
CHEVRON CORP NEW COM 166764100 1,840 18,138 SH   SOLE   18,138 0 0
CHINA PETROLEUM & CHEMICAL C SPON ADR H SHS 16941R108 296 6,024 SH   SOLE   6,024 0 0
CIMAREX ENERGY CO COM 171798101 272 3,117 SH   SOLE   3,117 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 1,090 55,009 SH   SOLE   55,009 0 0
CNH INDL N V SHS N20944109 2,398 144,391 SH   SOLE   144,391 0 0
CNX RES CORP COM 12653C108 1,087 86,128 SH   SOLE   86,128 0 0
COMMERCIAL METALS CO COM 201723103 760 24,939 SH   SOLE   24,939 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1,810 255,652 SH   SOLE   255,652 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 2,156 409,842 SH   SOLE   409,842 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 243 35,884 SH   SOLE   35,884 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,054 16,366 SH   SOLE   16,366 0 0
COMSTOCK RES INC COM 205768302 3,665 354,147 SH   SOLE   354,147 0 0
CONOCOPHILLIPS COM 20825C104 4,389 64,759 SH   SOLE   64,759 0 0
CONSTELLIUM SE CL A SHS F21107101 707 37,643 SH   SOLE   37,643 0 0
CONTINENTAL RES INC COM 212015101 1,655 35,856 SH   SOLE   35,856 0 0
CORE LABORATORIES N V COM N22717107 1,821 65,630 SH   SOLE   65,630 0 0
CORTEVA INC COM 22052L104 4,787 113,755 SH   SOLE   113,755 0 0
CRESCENT PT ENERGY CORP COM 22576C101 5,868 1,273,500 SH   SOLE   1,273,500 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203 434 7,606 SH   SOLE   7,606 0 0
DARLING INGREDIENTS INC COM 237266101 435 6,057 SH   SOLE   6,057 0 0
DEERE & CO COM 244199105 3,076 9,179 SH   SOLE   9,179 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,821 51,280 SH   SOLE   51,280 0 0
DIAMONDBACK ENERGY INC COM 25278X109 6,648 70,222 SH   SOLE   70,222 0 0
ECOPETROL S A SPONSORED ADS 279158109 1,431 99,699 SH   SOLE   99,699 0 0
ELDORADO GOLD CORP NEW COM 284902509 2,095 270,958 SH   SOLE   270,958 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 1,540 376,583 SH   SOLE   376,583 0 0
ENERPLUS CORP COM 292766102 608 75,985 SH   SOLE   75,985 0 0
ENI S P A SPONSORED ADR 26874R108 527 19,710 SH   SOLE   19,710 0 0
ENPHASE ENERGY INC COM 29355A107 2,617 17,448 SH   SOLE   17,448 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 241 11,138 SH   SOLE   11,138 0 0
EOG RES INC COM 26875P101 6,017 74,962 SH   SOLE   74,962 0 0
EQT CORP COM 26884L109 210 10,276 SH   SOLE   10,276 0 0
ESSENTIAL UTILS INC COM 29670G102 1,270 27,570 SH   SOLE   27,570 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 6,497 172,984 SH   SOLE   172,984 0 0
EXXON MOBIL CORP COM 30231G102 1,403 23,852 SH   SOLE   23,852 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 1,968 174,174 SH   SOLE   174,174 0 0
FIRST SOLAR INC COM 336433107 1,481 15,515 SH   SOLE   15,515 0 0
FMC CORP COM NEW 302491303 638 6,967 SH   SOLE   6,967 0 0
FORTUNA SILVER MINES INC COM 349915108 5,683 1,446,032 SH   SOLE   1,446,032 0 0
FRANCO NEV CORP COM 351858105 265 2,043 SH   SOLE   2,043 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,100 33,811 SH   SOLE   33,811 0 0
FUELCELL ENERGY INC COM 35952H601 2,191 327,563 SH   SOLE   327,563 0 0
GERDAU SA SPON ADR REP PFD 373737105 2,824 573,896 SH   SOLE   573,896 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 3,850 474,135 SH   SOLE   474,135 0 0
GREEN PLAINS INC COM 393222104 1,220 37,372 SH   SOLE   37,372 0 0
HALLIBURTON CO COM 406216101 2,839 131,294 SH   SOLE   131,294 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 125 39,695 SH   SOLE   39,695 0 0
HECLA MNG CO COM 422704106 1,524 277,000 SH   SOLE   277,000 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 2,112 544,413 SH   SOLE   544,413 0 0
HELMERICH & PAYNE INC COM 423452101 2,174 79,329 SH   SOLE   79,329 0 0
HESS CORP COM 42809H107 1,561 19,991 SH   SOLE   19,991 0 0
HOLLYFRONTIER CORP COM 436106108 763 23,035 SH   SOLE   23,035 0 0
HUDBAY MINERALS INC COM 443628102 2,551 409,200 SH   SOLE   409,200 0 0
IAMGOLD CORP COM 450913108 989 437,810 SH   SOLE   437,810 0 0
INGREDION INC COM 457187102 4,815 54,094 SH   SOLE   54,094 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 1,935 42,236 SH   SOLE   42,236 0 0
KINROSS GOLD CORP COM 496902404 4,810 897,435 SH   SOLE   897,435 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 2,124 51,023 SH   SOLE   51,023 0 0
KOSMOS ENERGY LTD COM 500688106 1,655 559,108 SH   SOLE   559,108 0 0
LAREDO PETROLEUM INC COM 516806205 313 3,860 SH   SOLE   3,860 0 0
LIVENT CORP COM 53814L108 1,699 73,501 SH   SOLE   73,501 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 2,287 128,541 SH   SOLE   128,541 0 0
MARATHON OIL CORP COM 565849106 2,820 206,303 SH   SOLE   206,303 0 0
MARATHON PETE CORP COM 56585A102 1,567 25,347 SH   SOLE   25,347 0 0
MATADOR RES CO COM 576485205 642 16,874 SH   SOLE   16,874 0 0
MOSAIC CO NEW COM 61945C103 4,104 114,905 SH   SOLE   114,905 0 0
MURPHY OIL CORP COM 626717102 2,525 101,111 SH   SOLE   101,111 0 0
NEWMONT CORP COM 651639106 3,372 62,104 SH   SOLE   62,104 0 0
NORTHERN OIL AND GAS INC MN COM 665531307 463 21,641 SH   SOLE   21,641 0 0
NOV INC COM 62955J103 1,290 98,386 SH   SOLE   98,386 0 0
NUTRIEN LTD COM 67077M108 5,858 90,319 SH   SOLE   90,319 0 0
OCCIDENTAL PETE CORP COM 674599105 2,116 71,548 SH   SOLE   71,548 0 0
OCEANEERING INTL INC COM 675232102 1,476 110,832 SH   SOLE   110,832 0 0
ORMAT TECHNOLOGIES INC COM 686688102 3,593 53,941 SH   SOLE   53,941 0 0
OVINTIV INC COM 69047Q102 3,543 107,754 SH   SOLE   107,754 0 0
PAN AMERN SILVER CORP COM 697900108 6,694 287,665 SH   SOLE   287,665 0 0
PATTERSON-UTI ENERGY INC COM 703481101 2,308 256,498 SH   SOLE   256,498 0 0
PDC ENERGY INC COM 69327R101 5,150 108,669 SH   SOLE   108,669 0 0
PENTAIR PLC SHS G7S00T104 3,335 45,923 SH   SOLE   45,923 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 429 9,181 SH   SOLE   9,181 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,212 310,675 SH   SOLE   310,675 0 0
PHILLIPS 66 COM 718546104 614 8,761 SH   SOLE   8,761 0 0
PILGRIMS PRIDE CORP COM 72147K108 2,128 73,174 SH   SOLE   73,174 0 0
PIONEER NAT RES CO COM 723787107 3,762 22,594 SH   SOLE   22,594 0 0
PLUG POWER INC COM NEW 72919P202 536 21,000 SH   SOLE   21,000 0 0
POTLATCHDELTIC CORPORATION COM 737630103 5,542 107,443 SH   SOLE   107,443 0 0
PRETIUM RES INC COM 74139C102 1,020 105,793 SH   SOLE   105,793 0 0
PROPETRO HLDG CORP COM 74347M108 1,761 203,615 SH   SOLE   203,615 0 0
RAYONIER INC COM 754907103 864 24,209 SH   SOLE   24,209 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 1,172 8,228 SH   SOLE   8,228 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 3,458 68,881 SH   SOLE   68,881 0 0
RIO TINTO PLC SPONSORED ADR 767204100 3,770 56,417 SH   SOLE   56,417 0 0
ROYAL GOLD INC COM 780287108 953 9,979 SH   SOLE   9,979 0 0
RPC INC COM 749660106 710 146,144 SH   SOLE   146,144 0 0
SANDERSON FARMS INC COM 800013104 12,618 67,046 SH   SOLE   67,046 0 0
SCHLUMBERGER LTD COM STK 806857108 1,501 50,631 SH   SOLE   50,631 0 0
SILVERCORP METALS INC COM 82835P103 909 238,712 SH   SOLE   238,712 0 0
SM ENERGY CO COM 78454L100 1,584 60,062 SH   SOLE   60,062 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 5,065 94,284 SH   SOLE   94,284 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 2,690 10,144 SH   SOLE   10,144 0 0
SOUTHERN COPPER CORP COM 84265V105 2,203 39,246 SH   SOLE   39,246 0 0
SOUTHWESTERN ENERGY CO COM 845467109 391 70,547 SH   SOLE   70,547 0 0
SSR MNG INC COM 784730103 3,968 272,721 SH   SOLE   272,721 0 0
SUNCOKE ENERGY INC COM 86722A103 204 32,488 SH   SOLE   32,488 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,419 165,000 SH   SOLE   165,000 0 0
SUNPOWER CORP COM 867652406 1,443 63,617 SH   SOLE   63,617 0 0
TALOS ENERGY INC COM 87484T108 2,176 158,007 SH   SOLE   158,007 0 0
TECHNIPFMC PLC COM G87110105 636 84,393 SH   SOLE   84,393 0 0
TECK RESOURCES LTD CL B 878742204 1,355 54,406 SH   SOLE   54,406 0 0
TELLURIAN INC NEW COM 87968A104 528 134,930 SH   SOLE   134,930 0 0
TENARIS S A SPONSORED ADS 88031M109 1,135 53,765 SH   SOLE   53,765 0 0
TERNIUM SA SPONSORED ADS 880890108 1,418 33,512 SH   SOLE   33,512 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109 395 8,232 SH   SOLE   8,232 0 0
TURQUOISE HILL RES LTD COM 900435207 486 32,920 SH   SOLE   32,920 0 0
TYSON FOODS INC CL A 902494103 15,009 190,129 SH   SOLE   190,129 0 0
U S SILICA HLDGS INC COM 90346E103 1,392 174,191 SH   SOLE   174,191 0 0
VALE S A SPONSORED ADS 91912E105 3,507 251,385 SH   SOLE   251,385 0 0
VALERO ENERGY CORP COM 91913Y100 1,166 16,525 SH   SOLE   16,525 0 0
VEDANTA LIMITED SPONSORED ADR 92242Y100 475 31,099 SH   SOLE   31,099 0 0
VILLAGE FARMS INTL INC COM 92707Y108 1,666 199,720 SH   SOLE   199,720 0 0
WARRIOR MET COAL INC COM 93627C101 494 21,227 SH   SOLE   21,227 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 236 6,270 SH   SOLE   6,270 0 0
YAMANA GOLD INC COM 98462Y100 1,058 267,186 SH   SOLE   267,186 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 505 108,397 SH   SOLE   108,397 0 0