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        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB8X73"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-11</expDate>
            <notionalAmt>541663.56000000</notionalAmt>
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            <unrealizedAppr>-5991.85000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQBXW16"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250801 LME Comdty"/>
        </identifiers>
        <balance>36.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>159755.33000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBXW16"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>2335257.00000000</notionalAmt>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBWP73"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250729 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-33226.50000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBWP73"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-29</expDate>
            <notionalAmt>-1097084.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-33226.50000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDZL07"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250912 LME Comdty"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>112071.29000000</valUSD>
        <pctVal>0.014081645123</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQDZL07"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-12</expDate>
            <notionalAmt>4201941.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>112071.29000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4ZJ10"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250730 LME Comdty"/>
        </identifiers>
        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12984.82000000</valUSD>
        <pctVal>0.001631529602</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ4ZJ10"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-30</expDate>
            <notionalAmt>405554.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>12984.82000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9Z633"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250707 LME Comdty"/>
        </identifiers>
        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-41190.93000000</valUSD>
        <pctVal>-0.00517559901</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9Z633"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-07</expDate>
            <notionalAmt>-555824.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-41190.93000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB8X73"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250711 LME Comdty"/>
        </identifiers>
        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7530.66000000</valUSD>
        <pctVal>0.000946219871</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQB8X73"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-11</expDate>
            <notionalAmt>-541663.56000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>7530.66000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBSL57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250728 LME Comdty"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12473.37000000</valUSD>
        <pctVal>0.001567266423</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQBSL57"/>
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            <notionalAmt>194583.00000000</notionalAmt>
            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDZL07"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250912 LME Comdty"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-109101.00000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDZL07"/>
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            <curCd>USD</curCd>
            <unrealizedAppr>-109101.00000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4VK45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250730 LME Comdty"/>
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        <balance>-5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-86670.97000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4VK45"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ83Y40"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250910 LME Comdty"/>
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        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>56130.27000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
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                  <isin value="GB00KNQ83Y40"/>
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            <expDate>2025-09-10</expDate>
            <notionalAmt>1444285.50000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBDP43"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250715 LME Comdty"/>
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        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBDP43"/>
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            <expDate>2025-07-15</expDate>
            <notionalAmt>-993790.36000000</notionalAmt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDVN41"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250909 LME Comdty"/>
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        <balance>-2.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDVN41"/>
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            <expDate>2025-09-09</expDate>
            <notionalAmt>-102063.50000000</notionalAmt>
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            <unrealizedAppr>-2694.33000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="S0X5COM"/>
          <other otherDesc="Future Ticker" value="S X5 Comdty"/>
        </identifiers>
        <balance>674.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-500890.98000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="S X5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-11-14</expDate>
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            <unrealizedAppr>-500890.98000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDXK59"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250911 LME Comdty"/>
        </identifiers>
        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>59253.70000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDXK59"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>2471780.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>59253.70000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NY Harbor ULSD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="HOU5COS"/>
          <other otherDesc="Future Ticker" value="HOU5 Comdty"/>
        </identifiers>
        <balance>-165.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>775493.37000000</valUSD>
        <pctVal>0.097439963724</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>NY Harbor ULSD</issueTitle>
                <identifiers>
                  <ticker value="HOU5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-29</expDate>
            <notionalAmt>-15604974.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>775493.37000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCH221"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250808 LME Comdty"/>
        </identifiers>
        <balance>-30.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>92558.10000000</valUSD>
        <pctVal>0.011629832381</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCH221"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-08</expDate>
            <notionalAmt>-2719323.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>92558.10000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQC5W83"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250801 LME Comdty"/>
        </identifiers>
        <balance>-29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-95596.17000000</valUSD>
        <pctVal>-0.01201156282</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQC5W83"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>-1988334.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-95596.17000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBTJ01"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250728 LME Comdty"/>
        </identifiers>
        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8843.28000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBTJ01"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-28</expDate>
            <notionalAmt>-304177.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-8843.28000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24BKQ21"/>
          <other otherDesc="Future Ticker" value="LNQ5 Comdty"/>
        </identifiers>
        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10438.28000000</valUSD>
        <pctVal>-0.00131155940</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H24BKQ21"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-20</expDate>
            <notionalAmt>363252.24000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-10438.28000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQC3248"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250801 LME Comdty"/>
        </identifiers>
        <balance>22.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-27843.42000000</valUSD>
        <pctVal>-0.00349849778</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQC3248"/>
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            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>1992091.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-27843.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDMT79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250904 LME Comdty"/>
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        <balance>-12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-75039.89000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQDMT79"/>
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            <expDate>2025-09-04</expDate>
            <notionalAmt>-2966670.00000000</notionalAmt>
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            <unrealizedAppr>-75039.89000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQC5W83"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250801 LME Comdty"/>
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        <balance>29.00000000</balance>
        <units>NC</units>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
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                  <isin value="GB00KNQC5W83"/>
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            <expDate>2025-08-01</expDate>
            <notionalAmt>1988334.25000000</notionalAmt>
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            <unrealizedAppr>92145.48000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QS9</cusip>
        <identifiers>
          <isin value="US912797QS94"/>
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        <balance>24580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24142496.40000000</valUSD>
        <pctVal>3.033480445400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-04</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB3546"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250708 LME Comdty"/>
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        <balance>11.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37626.82000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-08</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQCWQ14"/>
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        <balance>-2.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-08-19</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCTY84"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250819 LME Comdty"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-36595.67000000</valUSD>
        <pctVal>-0.00459820921</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQCTY84"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-19</expDate>
            <notionalAmt>-649660.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-36595.67000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBH074"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250717 LME Comdty"/>
        </identifiers>
        <balance>-5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-99841.96000000</valUSD>
        <pctVal>-0.01254504208</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBH074"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-17</expDate>
            <notionalAmt>-1241278.81000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-99841.96000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ51076"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250723 LME Comdty"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>43644.67000000</valUSD>
        <pctVal>0.005483908987</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ51076"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-23</expDate>
            <notionalAmt>1097968.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>43644.67000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Feeder Cattle</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="FCU5COM"/>
          <other otherDesc="Future Ticker" value="FCU5 Comdty"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>29776.86000000</valUSD>
        <pctVal>0.003741432577</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Feeder Cattle</issueTitle>
                <identifiers>
                  <ticker value="FCU5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-25</expDate>
            <notionalAmt>1397812.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>29776.86000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0V53"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250822 LME Comdty"/>
        </identifiers>
        <balance>-37.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-51372.56000000</valUSD>
        <pctVal>-0.00645491061</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD0V53"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-22</expDate>
            <notionalAmt>-2541650.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-51372.56000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Aluminum</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="ALEV5CO"/>
          <other otherDesc="Future Ticker" value="ALEV5 Comdty"/>
        </identifiers>
        <balance>5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2510.87000000</valUSD>
        <pctVal>0.000315488295</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Aluminum</issueTitle>
                <identifiers>
                  <ticker value="ALEV5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-10-29</expDate>
            <notionalAmt>322312.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2510.87000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4YM73"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250723 LME Comdty"/>
        </identifiers>
        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-41152.93000000</valUSD>
        <pctVal>-0.00517082435</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4YM73"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-23</expDate>
            <notionalAmt>904336.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-41152.93000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBDT80"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250715 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2357.13000000</valUSD>
        <pctVal>-0.00029617101</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBDT80"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-15</expDate>
            <notionalAmt>-50679.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2357.13000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24BLH05"/>
          <other otherDesc="Future Ticker" value="LLQ5 Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1423.63000000</valUSD>
        <pctVal>-0.00017887768</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H24BLH05"/>
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            </descRefInstrmnt>
            <expDate>2025-08-20</expDate>
            <notionalAmt>-50921.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1423.63000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797PW1</cusip>
        <identifiers>
          <isin value="US912797PW16"/>
        </identifiers>
        <balance>35253000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34953525.77000000</valUSD>
        <pctVal>4.391875436754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBBT41"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250714 LME Comdty"/>
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        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-28243.55000000</valUSD>
        <pctVal>-0.00354877371</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
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                  <isin value="GB00KNQBBT41"/>
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            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>-755724.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-28243.55000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCWG16"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250819 LME Comdty"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6106.60000000</valUSD>
        <pctVal>-0.00076728816</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQCWG16"/>
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            </descRefInstrmnt>
            <expDate>2025-08-19</expDate>
            <notionalAmt>272396.16000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6106.60000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDY570"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250911 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1431.04000000</valUSD>
        <pctVal>0.000179808739</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDY570"/>
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            <expDate>2025-09-11</expDate>
            <notionalAmt>51074.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1431.04000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ6DZ97"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250806 LME Comdty"/>
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        <curCd>USD</curCd>
        <valUSD>44521.11000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ6DZ97"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-06</expDate>
            <notionalAmt>713952.25000000</notionalAmt>
            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>100 oz Gold</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="GCQ5COM"/>
          <other otherDesc="Future Ticker" value="GCQ5 Comdty"/>
        </identifiers>
        <balance>400.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1229267.76000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>100 oz Gold</issueTitle>
                <identifiers>
                  <ticker value="GCQ5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-27</expDate>
            <notionalAmt>132308000.00000000</notionalAmt>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDY570"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250911 LME Comdty"/>
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        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1526.88000000</valUSD>
        <pctVal>-0.00019185093</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDY570"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>-51074.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1526.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBZY79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250801 LME Comdty"/>
        </identifiers>
        <balance>-9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-149194.87000000</valUSD>
        <pctVal>-0.01874618569</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQBZY79"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>-2230476.86000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-149194.87000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQC3W44"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250801 LME Comdty"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-16218.80000000</valUSD>
        <pctVal>-0.00203787594</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQC3W44"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>-507367.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-16218.80000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF6D54"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250918 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1848.13000000</valUSD>
        <pctVal>-0.00023221567</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF6D54"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
            <notionalAmt>-51121.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1848.13000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCM940"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250812 LME Comdty"/>
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        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8107.70000000</valUSD>
        <pctVal>0.001018724368</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCM940"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>480903.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8107.70000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF9T20"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250923 LME Comdty"/>
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        <balance>-30.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20846.40000000</valUSD>
        <pctVal>-0.00261932924</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF9T20"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
            <notionalAmt>-1948267.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-20846.40000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24CNG60"/>
          <other otherDesc="Future Ticker" value="LLU5 Comdty"/>
        </identifiers>
        <balance>-46.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-75015.23000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00H24CNG60"/>
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            <expDate>2025-09-17</expDate>
            <notionalAmt>-2352175.50000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFC605"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250923 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13244.65000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQFC605"/>
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            <expDate>2025-09-23</expDate>
            <notionalAmt>-547160.77000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7TP41"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250903 LME Comdty"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ7TP41"/>
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            <expDate>2025-09-03</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQF6D54"/>
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        <balance>1.00000000</balance>
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        <assetCat>DCO</assetCat>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
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                  <isin value="GB00KNQF6D54"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQ81Z17"/>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Future Ticker" value="LMZSDP 20250728 LME Comdty"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQBSL57"/>
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        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBSL57"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-28</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD4F75"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250828 LME Comdty"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-198.73000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQD4F75"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-28</expDate>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ6KG91"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250806 LME Comdty"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>29682.70000000</valUSD>
        <pctVal>0.003729601468</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ6KG91"/>
                </identifiers>
              </otherRefInst>
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            <expDate>2025-08-06</expDate>
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            <unrealizedAppr>29682.70000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCM940"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250812 LME Comdty"/>
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        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8304.60000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCM940"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>-480903.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-8304.60000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WQL16"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250902 LME Comdty"/>
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        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>58896.58000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25WQL16"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>1039024.00000000</notionalAmt>
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            <unrealizedAppr>58896.58000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H2652T95"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250702 LME Comdty"/>
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        <balance>-9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8681.67000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H2652T95"/>
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            <expDate>2025-07-02</expDate>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCZ736"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250821 LME Comdty"/>
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        <balance>5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQCZ736"/>
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            <expDate>2025-08-21</expDate>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDVD43"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250909 LME Comdty"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDVD43"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQB6B14"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250710 LME Comdty"/>
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        <balance>6.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB6B14"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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          <isin value="GB00H25WS826"/>
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        <balance>-9.00000000</balance>
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            <payOffProf>Short</payOffProf>
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                  <isin value="GB00H25WS826"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
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        <balance>10.00000000</balance>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQBLQ18"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBLQ18"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>-304188.00000000</notionalAmt>
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            <unrealizedAppr>-14841.67000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQDMH57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250904 LME Comdty"/>
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        <balance>45.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>129094.56000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDMH57"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-04</expDate>
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            <curCd>USD</curCd>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCZ736"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250821 LME Comdty"/>
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        <balance>-5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4786.90000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCZ736"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-21</expDate>
            <notionalAmt>-343461.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4786.90000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDYF71"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250911 LME Comdty"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2177.12000000</valUSD>
        <pctVal>0.000273552943</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDYF71"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>68779.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2177.12000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9ZG34"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250707 LME Comdty"/>
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        <balance>15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>49073.00000000</valUSD>
        <pctVal>0.006165973204</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9ZG34"/>
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            <expDate>2025-07-07</expDate>
            <notionalAmt>1029041.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>49073.00000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBK318"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250722 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-238969.27000000</valUSD>
        <pctVal>-0.03002624896</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBK318"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>-3968192.19000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-238969.27000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFH216"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250925 LME Comdty"/>
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        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4613.40000000</valUSD>
        <pctVal>0.000579669080</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFH216"/>
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            <expDate>2025-09-25</expDate>
            <notionalAmt>364866.24000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4613.40000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDQ956"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250905 LME Comdty"/>
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        <balance>-5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-19957.27000000</valUSD>
        <pctVal>-0.00250761094</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQDQ956"/>
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            <expDate>2025-09-05</expDate>
            <notionalAmt>-1235988.77000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-19957.27000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFCV59"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250923 LME Comdty"/>
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        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-33928.35000000</valUSD>
        <pctVal>-0.00426306313</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
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                  <isin value="GB00KNQFCV59"/>
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            <expDate>2025-09-23</expDate>
            <notionalAmt>-1100320.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-33928.35000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Brent Crude Oil</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H47KCB95"/>
          <other otherDesc="Future Ticker" value="COV5 Comdty"/>
        </identifiers>
        <balance>873.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5107904.70000000</valUSD>
        <pctVal>-0.64180309971</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Brent Crude Oil</issueTitle>
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                  <isin value="GB00H47KCB95"/>
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            <expDate>2025-08-29</expDate>
            <notionalAmt>57495780.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5107904.70000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ81X92"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250910 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1625.37000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQ81X92"/>
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            <expDate>2025-09-10</expDate>
            <notionalAmt>51053.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1625.37000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24CQ015"/>
          <other otherDesc="Future Ticker" value="LXU5 Comdty"/>
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        <balance>516.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1342803.96000000</valUSD>
        <pctVal>0.168721970055</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
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                  <isin value="GB00H24CQ015"/>
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            <expDate>2025-09-17</expDate>
            <notionalAmt>35509572.00000000</notionalAmt>
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            <unrealizedAppr>1342803.96000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25TJ136"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250702 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8802.64000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00H25TJ136"/>
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            </descRefInstrmnt>
            <expDate>2025-07-02</expDate>
            <notionalAmt>251267.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8802.64000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQBMH91"/>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBMH91"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
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            <unrealizedAppr>-59760.75000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQB3F47"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250708 LME Comdty"/>
        </identifiers>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>134331.56000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFBC95"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250923 LME Comdty"/>
        </identifiers>
        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-34983.78000000</valUSD>
        <pctVal>-0.00439567685</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFBC95"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFHG53"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250925 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-18364.35000000</valUSD>
        <pctVal>-0.00230746214</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFHG53"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-25</expDate>
            <notionalAmt>-1099900.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-18364.35000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF6N52"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250918 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>16904.22000000</valUSD>
        <pctVal>0.002123998279</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF6N52"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
            <notionalAmt>412470.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16904.22000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ80V04"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3451.47000000</valUSD>
        <pctVal>-0.00043367374</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ80V04"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>-273605.58000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3451.47000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ81V78"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3183.78000000</valUSD>
        <pctVal>-0.00040003876</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ81V78"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>-306693.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3183.78000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDW533"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250909 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15020.95000000</valUSD>
        <pctVal>-0.00188736729</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDW533"/>
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            <expDate>2025-09-09</expDate>
            <notionalAmt>-412627.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-15020.95000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDQX95"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250905 LME Comdty"/>
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        <balance>-19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-26632.77000000</valUSD>
        <pctVal>-0.00334638082</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDQX95"/>
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            <expDate>2025-09-05</expDate>
            <notionalAmt>-967988.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-26632.77000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00FVN2W767"/>
          <other otherDesc="Future Ticker" value="LPN5 25 Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20333.39000000</valUSD>
        <pctVal>-0.00255487004</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00FVN2W767"/>
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            <expDate>2025-07-16</expDate>
            <notionalAmt>-248630.76000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-20333.39000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Natural Gas</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NLICE0573788"/>
          <other otherDesc="Future Ticker" value="TZTQ5 Comdty"/>
        </identifiers>
        <balance>140.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
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        <pctVal>-0.09791589196</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="NLICE0573788"/>
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            <expDate>2025-07-30</expDate>
            <notionalAmt>3426655.68000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-779281.13000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB6002"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250710 LME Comdty"/>
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        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-38239.29000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB6002"/>
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            <expDate>2025-07-10</expDate>
            <notionalAmt>-454580.00000000</notionalAmt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0G65"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250912 LME Comdty"/>
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        <balance>24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>79573.24000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQF0G65"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQ6GK59"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250806 LME Comdty"/>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ6GK59"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQDVN41"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250909 LME Comdty"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2808.24000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDVN41"/>
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            <expDate>2025-09-09</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBR073"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250725 LME Comdty"/>
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        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBR073"/>
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            </descRefInstrmnt>
            <expDate>2025-07-25</expDate>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ81Z17"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250903 LME Comdty"/>
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        <balance>-1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1686.13000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ81Z17"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24CNG60"/>
          <other otherDesc="Future Ticker" value="LLU5 Comdty"/>
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        <balance>275.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>760489.21000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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                  <isin value="GB00H24CNG60"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0662"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQB8594"/>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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          <isin value="GB00KNQCPN99"/>
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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQFG804"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250925 LME Comdty"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQDVD43"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250909 LME Comdty"/>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDVD43"/>
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              </otherRefInst>
            </descRefInstrmnt>
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            <unrealizedAppr>6457.17000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQD4T12"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250828 LME Comdty"/>
        </identifiers>
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        <units>NC</units>
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        <valUSD>-18920.34000000</valUSD>
        <pctVal>-0.00237732173</pctVal>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-28</expDate>
            <notionalAmt>-1236573.00000000</notionalAmt>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQ80V04"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4915.95000000</valUSD>
        <pctVal>0.000617684184</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ80V04"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>273605.58000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4915.95000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCRW21"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250815 LME Comdty"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-96743.81000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCRW21"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-15</expDate>
            <notionalAmt>-2477345.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-96743.81000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFH216"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250925 LME Comdty"/>
        </identifiers>
        <balance>-4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4396.76000000</valUSD>
        <pctVal>-0.00055244848</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFH216"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-25</expDate>
            <notionalAmt>-364866.24000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4396.76000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCLW01"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250812 LME Comdty"/>
        </identifiers>
        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3074.64000000</valUSD>
        <pctVal>-0.00038632543</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCLW01"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>-152691.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3074.64000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDR582"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250905 LME Comdty"/>
        </identifiers>
        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5330.03000000</valUSD>
        <pctVal>0.000669712920</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDR582"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-05</expDate>
            <notionalAmt>206263.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5330.03000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ81V78"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3199.42000000</valUSD>
        <pctVal>0.000402003912</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ81V78"/>
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              </otherRefInst>
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            <expDate>2025-09-24</expDate>
            <notionalAmt>306693.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3199.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H249F944"/>
          <other otherDesc="Future Ticker" value="LNN5 Comdty"/>
        </identifiers>
        <balance>-9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>35027.13000000</valUSD>
        <pctVal>0.004401123734</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H249F944"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-16</expDate>
            <notionalAmt>-813229.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>35027.13000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBD651"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250715 LME Comdty"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>39306.26000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQBD651"/>
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            <expDate>2025-07-15</expDate>
            <notionalAmt>497911.52000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>39306.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBSX79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250728 LME Comdty"/>
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        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQBSX79"/>
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            <expDate>2025-07-28</expDate>
            <notionalAmt>-247830.76000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13833.39000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797LW5</cusip>
        <identifiers>
          <isin value="US912797LW51"/>
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        <balance>1377000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1375557.01000000</valUSD>
        <pctVal>0.172837357919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ51415"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250730 LME Comdty"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ51415"/>
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              </otherRefInst>
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            <expDate>2025-07-30</expDate>
            <notionalAmt>-1165549.75000000</notionalAmt>
            <curCd>USD</curCd>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ80X28"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250903 LME Comdty"/>
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        <balance>6.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ80X28"/>
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            </descRefInstrmnt>
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            <unrealizedAppr>-9057.42000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Future Ticker" value="LMNIDP 20250710 LME Comdty"/>
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        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00H249FY92"/>
          <other otherDesc="Future Ticker" value="LLN5 Comdty"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <expDate>2025-07-16</expDate>
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            <unrealizedAppr>-3200.88000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cocoa</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="CCU5COM"/>
          <other otherDesc="Future Ticker" value="CCU5 Comdty"/>
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        <balance>19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-41951.37000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="CCU5 Comdty"/>
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            <expDate>2025-09-15</expDate>
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            <unrealizedAppr>-41951.37000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ6MR47"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250806 LME Comdty"/>
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        <balance>-14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-38816.98000000</valUSD>
        <pctVal>-0.00487731458</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ6MR47"/>
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            <expDate>2025-08-06</expDate>
            <notionalAmt>-960410.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-38816.98000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBVT47"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250729 LME Comdty"/>
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        <balance>-15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-168500.88000000</valUSD>
        <pctVal>-0.02117196647</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBVT47"/>
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            <expDate>2025-07-29</expDate>
            <notionalAmt>-3717461.43000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-168500.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9WK64"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250703 LME Comdty"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12497.82000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ9WK64"/>
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            <expDate>2025-07-03</expDate>
            <notionalAmt>403636.00000000</notionalAmt>
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            <unrealizedAppr>12497.82000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBDT80"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250715 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2396.18000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBDT80"/>
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            <expDate>2025-07-15</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCQ818"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250814 LME Comdty"/>
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        <balance>-19.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-20061.72000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQCQ818"/>
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            <expDate>2025-08-14</expDate>
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            <unrealizedAppr>-20061.72000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7TQ57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250924 LME Comdty"/>
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        <balance>-31.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ7TQ57"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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        <identifiers>
          <isin value="GB00KNQDX721"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250911 LME Comdty"/>
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        <balance>34.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71569.10000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQ4SV47"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250709 LME Comdty"/>
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        <balance>-54.00000000</balance>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4SV47"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQBVH25"/>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQCPB77"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCPB77"/>
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              </otherRefInst>
            </descRefInstrmnt>
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            <notionalAmt>259792.00000000</notionalAmt>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQBP036"/>
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        <balance>-24.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-94059.12000000</valUSD>
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        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-24</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB2K25"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250708 LME Comdty"/>
        </identifiers>
        <balance>-43.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1314274.42000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB2K25"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-08</expDate>
            <notionalAmt>-10750516.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1314274.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDPZ45"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250905 LME Comdty"/>
        </identifiers>
        <balance>18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>52502.55000000</valUSD>
        <pctVal>0.006596892720</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDPZ45"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-05</expDate>
            <notionalAmt>1169352.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>52502.55000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0L55"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250822 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8447.71000000</valUSD>
        <pctVal>0.001061446284</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD0L55"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-22</expDate>
            <notionalAmt>305526.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8447.71000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBTJ01"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250728 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8760.83000000</valUSD>
        <pctVal>0.001100789497</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBTJ01"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-28</expDate>
            <notionalAmt>304177.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8760.83000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD3M77"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250828 LME Comdty"/>
        </identifiers>
        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>28738.79000000</valUSD>
        <pctVal>0.003611000123</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD3M77"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-28</expDate>
            <notionalAmt>648757.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>28738.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDXK59"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250911 LME Comdty"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-53398.79000000</valUSD>
        <pctVal>-0.00670950437</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDXK59"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>-2471780.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-53398.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBHM91"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250717 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2872.60000000</valUSD>
        <pctVal>0.000360939307</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBHM91"/>
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            <expDate>2025-07-17</expDate>
            <notionalAmt>50698.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2872.60000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ84523"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250903 LME Comdty"/>
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        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14395.54000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ84523"/>
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            <expDate>2025-09-03</expDate>
            <notionalAmt>618565.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14395.54000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4SV47"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250709 LME Comdty"/>
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        <balance>54.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>374347.98000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4SV47"/>
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            <expDate>2025-07-09</expDate>
            <notionalAmt>3506490.00000000</notionalAmt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0G65"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250912 LME Comdty"/>
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        <balance>-24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-80721.73000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQF0G65"/>
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              </otherRefInst>
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            <expDate>2025-09-12</expDate>
            <notionalAmt>-1650816.00000000</notionalAmt>
            <curCd>USD</curCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H249F944"/>
          <other otherDesc="Future Ticker" value="LNN5 Comdty"/>
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        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-29585.94000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H249F944"/>
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            <expDate>2025-07-16</expDate>
            <notionalAmt>813229.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-29585.94000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4VK45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250730 LME Comdty"/>
        </identifiers>
        <balance>5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>87567.42000000</valUSD>
        <pctVal>0.011002758448</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4VK45"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-30</expDate>
            <notionalAmt>1239153.81000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>87567.42000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24CMP86"/>
          <other otherDesc="Future Ticker" value="LNU5 Comdty"/>
        </identifiers>
        <balance>214.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-570283.10000000</valUSD>
        <pctVal>-0.07165549922</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H24CMP86"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-17</expDate>
            <notionalAmt>19511445.72000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-570283.10000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Soybean Meal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="SMZ5COM"/>
          <other otherDesc="Future Ticker" value="SMZ5 Comdty"/>
        </identifiers>
        <balance>1089.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1405188.34000000</valUSD>
        <pctVal>-0.17656050479</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Soybean Meal</issueTitle>
                <identifiers>
                  <ticker value="SMZ5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-12-12</expDate>
            <notionalAmt>31504770.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1405188.34000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDYF71"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250911 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1931.40000000</valUSD>
        <pctVal>-0.00024267847</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDYF71"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>-68779.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1931.40000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD7V49"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250829 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6906.26000000</valUSD>
        <pctVal>-0.00086776463</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD7V49"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-29</expDate>
            <notionalAmt>545663.88000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6906.26000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4YM73"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250723 LME Comdty"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>40456.90000000</valUSD>
        <pctVal>0.005083368886</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4YM73"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-23</expDate>
            <notionalAmt>-904336.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>40456.90000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCLW01"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250812 LME Comdty"/>
        </identifiers>
        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3103.44000000</valUSD>
        <pctVal>0.000389944121</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCLW01"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>152691.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3103.44000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ84309"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-947.63000000</valUSD>
        <pctVal>-0.00011906875</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ84309"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>-68770.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-947.63000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDSX36"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250909 LME Comdty"/>
        </identifiers>
        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-37720.43000000</valUSD>
        <pctVal>-0.00473953417</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDSX36"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-09</expDate>
            <notionalAmt>-714741.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-37720.43000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCPN99"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250814 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6968.96000000</valUSD>
        <pctVal>-0.00087564283</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCPN99"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-14</expDate>
            <notionalAmt>-247747.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6968.96000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQC3248"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250801 LME Comdty"/>
        </identifiers>
        <balance>-22.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>40200.94000000</valUSD>
        <pctVal>0.005051207768</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQC3248"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>-1992091.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>40200.94000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25TGC30"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250702 LME Comdty"/>
        </identifiers>
        <balance>-23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-57245.97000000</valUSD>
        <pctVal>-0.00719289868</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25TGC30"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-02</expDate>
            <notionalAmt>-1493027.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-57245.97000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCZZ10"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250822 LME Comdty"/>
        </identifiers>
        <balance>-8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-76999.74000000</valUSD>
        <pctVal>-0.00967494006</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US912797NU77"/>
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        <balance>46458000.00000000</balance>
        <units>PA</units>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQBCW45"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250715 LME Comdty"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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                  <isin value="GB00KNQBCW45"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00FW35KF69"/>
          <other otherDesc="Future Ticker" value="LAU5 25 Comdty"/>
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        <balance>960.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00FW35KF69"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25R4671"/>
          <other otherDesc="Future Ticker" value="LYQ5 Comdty"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ6DZ97"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250806 LME Comdty"/>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQDQ956"/>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <expDate>2025-09-05</expDate>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQDN946"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQCX798"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQBR073"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250725 LME Comdty"/>
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        <balance>-16.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBR073"/>
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            <expDate>2025-07-25</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Future Ticker" value="LMCADP 20250729 LME Comdty"/>
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        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-29</expDate>
            <notionalAmt>3717461.43000000</notionalAmt>
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            <unrealizedAppr>176305.69000000</unrealizedAppr>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912797QR1</cusip>
        <identifiers>
          <isin value="US912797QR12"/>
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        <balance>11831000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11637842.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-20</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQB9M34"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250714 LME Comdty"/>
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        <balance>42.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB9M34"/>
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            <expDate>2025-07-14</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQCK902"/>
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        <balance>23.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCK902"/>
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            <expDate>2025-08-12</expDate>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD7V49"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250829 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6625.76000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQD7V49"/>
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            <expDate>2025-08-29</expDate>
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            <unrealizedAppr>6625.76000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQDQS43"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250905 LME Comdty"/>
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        <balance>8.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-09-05</expDate>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQ9VM14"/>
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        <balance>-53.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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                  <isin value="GB00KNQ9VM14"/>
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            <expDate>2025-07-03</expDate>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
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          <isin value="GB00H249H767"/>
          <other otherDesc="Future Ticker" value="LXN5 Comdty"/>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Phelix De Base Electricity</title>
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          <isin value="DE000C3JR7W7"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>European Commodity Clearing</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQCK902"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQ6KG91"/>
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        <name>N/A</name>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBWF75"/>
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            </descRefInstrmnt>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Future Ticker" value="LMZSDP 20250926 LME Comdty"/>
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        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912797NA14"/>
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        <balance>27447000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-30</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00H25WS826"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250902 LME Comdty"/>
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        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>63599.47000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H25WS826"/>
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            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>2224860.64000000</notionalAmt>
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            <unrealizedAppr>63599.47000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCQJ29"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250814 LME Comdty"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3732.54000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCQJ29"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-14</expDate>
            <notionalAmt>-1168193.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3732.54000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDN946"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250904 LME Comdty"/>
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        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4992.81000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDN946"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-04</expDate>
            <notionalAmt>-273013.56000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4992.81000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSC99"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250815 LME Comdty"/>
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        <balance>23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-74523.83000000</valUSD>
        <pctVal>-0.00936384445</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCSC99"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-15</expDate>
            <notionalAmt>2087048.52000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-74523.83000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB6002"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250710 LME Comdty"/>
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        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>38450.59000000</valUSD>
        <pctVal>0.004831278047</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQB6002"/>
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            </descRefInstrmnt>
            <expDate>2025-07-10</expDate>
            <notionalAmt>454580.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>38450.59000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBTD49"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250728 LME Comdty"/>
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        <balance>-12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>44871.24000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBTD49"/>
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            <expDate>2025-07-28</expDate>
            <notionalAmt>-1085947.20000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ51308"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250709 LME Comdty"/>
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        <balance>5.00000000</balance>
        <units>NC</units>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ51308"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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          <isin value="GB00KNQ6GK59"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250806 LME Comdty"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
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          <isin value="GB00KNQBDP43"/>
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        <balance>11.00000000</balance>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBDP43"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBRB84"/>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQB2795"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250708 LME Comdty"/>
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        <balance>58.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQBWF75"/>
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        <balance>1.00000000</balance>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-29</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQB9121"/>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-11</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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            <expDate>2025-07-22</expDate>
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        <name>N/A</name>
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        <name>N/A</name>
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            <payOffProf>Long</payOffProf>
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        <name>United States of America</name>
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        <name>N/A</name>
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        <name>N/A</name>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCWQ14"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-19</expDate>
            <notionalAmt>101836.00000000</notionalAmt>
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            <unrealizedAppr>2434.16000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQBSX79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250728 LME Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13528.94000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBSX79"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-28</expDate>
            <notionalAmt>247830.76000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>13528.94000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCH221"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250808 LME Comdty"/>
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        <balance>30.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-92151.33000000</valUSD>
        <pctVal>-0.01157872213</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQCH221"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-08</expDate>
            <notionalAmt>2719323.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-92151.33000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WXS77"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250902 LME Comdty"/>
        </identifiers>
        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3632.84000000</valUSD>
        <pctVal>0.000456462700</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25WXS77"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>137446.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3632.84000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WQL16"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250902 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-59066.08000000</valUSD>
        <pctVal>-0.00742159367</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25WQL16"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>-1039024.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-59066.08000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Brent Crude Oil</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H47KC977"/>
          <other otherDesc="Future Ticker" value="COU5 Comdty"/>
        </identifiers>
        <balance>46.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-39629.65000000</valUSD>
        <pctVal>-0.00497942575</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Brent Crude Oil</issueTitle>
                <identifiers>
                  <isin value="GB00H47KC977"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-31</expDate>
            <notionalAmt>3070040.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-39629.65000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RBOB Gasoline</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="XBQ5COM"/>
          <other otherDesc="Future Ticker" value="XBQ5 Comdty"/>
        </identifiers>
        <balance>36.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-90504.02000000</valUSD>
        <pctVal>-0.01137173929</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>RBOB Gasoline</issueTitle>
                <identifiers>
                  <ticker value="XBQ5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-31</expDate>
            <notionalAmt>3133015.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-90504.02000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFCV59"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250923 LME Comdty"/>
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        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>32377.92000000</valUSD>
        <pctVal>0.004068253156</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFCV59"/>
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            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
            <notionalAmt>1100320.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>32377.92000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF5S33"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250918 LME Comdty"/>
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        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13838.11000000</valUSD>
        <pctVal>-0.00173874463</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF5S33"/>
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            <expDate>2025-09-18</expDate>
            <notionalAmt>-740375.98000000</notionalAmt>
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            <unrealizedAppr>-13838.11000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0225"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250912 LME Comdty"/>
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        <balance>-9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3594.07000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQF0225"/>
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            <expDate>2025-09-12</expDate>
            <notionalAmt>-819899.82000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3594.07000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Silver</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="SIU5COM"/>
          <other otherDesc="Future Ticker" value="SIU5 Comdty"/>
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        <balance>210.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-548753.91000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Silver</issueTitle>
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                  <ticker value="SIU5 Comdty"/>
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            <expDate>2025-09-26</expDate>
            <notionalAmt>37980600.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-548753.91000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RBOB Gasoline</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="XBU5COS"/>
          <other otherDesc="Future Ticker" value="XBU5 Comdty"/>
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        <balance>-485.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>569237.44000000</valUSD>
        <pctVal>0.071524113100</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>RBOB Gasoline</issueTitle>
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                  <ticker value="XBU5 Comdty"/>
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            <expDate>2025-08-29</expDate>
            <notionalAmt>-41599614.00000000</notionalAmt>
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            <unrealizedAppr>569237.44000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFGL32"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250925 LME Comdty"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8342.57000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFGL32"/>
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            <expDate>2025-09-25</expDate>
            <notionalAmt>-493546.00000000</notionalAmt>
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            <unrealizedAppr>-8342.57000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD4F75"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250828 LME Comdty"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-3.47000000</valUSD>
        <pctVal>-0.00000043600</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LME Clear</counterpartyName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQCZN97"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250822 LME Comdty"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCZN97"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQCQ818"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250814 LME Comdty"/>
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        <balance>19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>20418.85000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCQ818"/>
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            <expDate>2025-08-14</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9M34"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250714 LME Comdty"/>
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        <balance>-42.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-215809.96000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB9M34"/>
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            <expDate>2025-07-14</expDate>
            <notionalAmt>-2727690.00000000</notionalAmt>
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            <unrealizedAppr>-215809.96000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCQ479"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250814 LME Comdty"/>
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        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17985.48000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCQ479"/>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ83Y40"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250910 LME Comdty"/>
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        <units>NC</units>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ83Y40"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25Q1298"/>
          <other otherDesc="Future Ticker" value="LYN5 Comdty"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ4VQ07"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250723 LME Comdty"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
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          <other otherDesc="Future Ticker" value="LMNIDP 20250819 LME Comdty"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQ9WK64"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250703 LME Comdty"/>
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        <balance>-8.00000000</balance>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-03</expDate>
            <notionalAmt>-403636.00000000</notionalAmt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>KC HRW Wheat</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="KWU5COM"/>
          <other otherDesc="Future Ticker" value="KWU5 Comdty"/>
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        <balance>363.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="KWU5 Comdty"/>
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            <expDate>2025-09-12</expDate>
            <notionalAmt>9560512.50000000</notionalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCDV36"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250807 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>17789.22000000</valUSD>
        <pctVal>0.002235197641</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCDV36"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-07</expDate>
            <notionalAmt>411705.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>17789.22000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFJW51"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250926 LME Comdty"/>
        </identifiers>
        <balance>22.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>17879.64000000</valUSD>
        <pctVal>0.002246558823</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQFJW51"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-26</expDate>
            <notionalAmt>5427812.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>17879.64000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24BN071"/>
          <other otherDesc="Future Ticker" value="LXQ5 Comdty"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21564.86000000</valUSD>
        <pctVal>0.002709603018</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H24BN071"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-20</expDate>
            <notionalAmt>1168193.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>21564.86000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9Y55"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250714 LME Comdty"/>
        </identifiers>
        <balance>15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>278240.30000000</valUSD>
        <pctVal>0.034960614477</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQB9Y55"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>3737336.43000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>278240.30000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDMH57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250904 LME Comdty"/>
        </identifiers>
        <balance>-45.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-135377.10000000</valUSD>
        <pctVal>-0.01700999676</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDMH57"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-04</expDate>
            <notionalAmt>-2923008.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-135377.10000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9WF12"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250703 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4833.21000000</valUSD>
        <pctVal>0.000607287986</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9WF12"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-03</expDate>
            <notionalAmt>-90135.72000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4833.21000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4SY77"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250723 LME Comdty"/>
        </identifiers>
        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>45634.63000000</valUSD>
        <pctVal>0.005733945464</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4SY77"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-23</expDate>
            <notionalAmt>648772.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>45634.63000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBK318"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250722 LME Comdty"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>235336.56000000</valUSD>
        <pctVal>0.029569802601</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBK318"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>3968192.19000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>235336.56000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4ST25"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250730 LME Comdty"/>
        </identifiers>
        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>31077.48000000</valUSD>
        <pctVal>0.003904854175</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4ST25"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-30</expDate>
            <notionalAmt>518918.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>31077.48000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD7Z86"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250829 LME Comdty"/>
        </identifiers>
        <balance>-18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-31123.49000000</valUSD>
        <pctVal>-0.00391063528</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD7Z86"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-29</expDate>
            <notionalAmt>-916578.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-31123.49000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB2795"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250708 LME Comdty"/>
        </identifiers>
        <balance>-58.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-313372.01000000</valUSD>
        <pctVal>-0.03937487858</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQB2795"/>
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              </otherRefInst>
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            <expDate>2025-07-08</expDate>
            <notionalAmt>-3766418.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-313372.01000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7WW21"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250924 LME Comdty"/>
        </identifiers>
        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>47607.10000000</valUSD>
        <pctVal>0.005981784340</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ7WW21"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>2961276.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>47607.10000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCLN10"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250812 LME Comdty"/>
        </identifiers>
        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-29240.88000000</valUSD>
        <pctVal>-0.00367408722</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCLN10"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>725584.80000000</notionalAmt>
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            <unrealizedAppr>-29240.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQCHG64"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250808 LME Comdty"/>
        </identifiers>
        <balance>29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>101472.23000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCHG64"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-08</expDate>
            <notionalAmt>1990386.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>101472.23000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0662"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250912 LME Comdty"/>
        </identifiers>
        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14204.20000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQF0662"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-12</expDate>
            <notionalAmt>561948.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14204.20000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF5S33"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250918 LME Comdty"/>
        </identifiers>
        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12868.09000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF5S33"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
            <notionalAmt>740375.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>12868.09000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBBF05"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250714 LME Comdty"/>
        </identifiers>
        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13965.68000000</valUSD>
        <pctVal>-0.00175477367</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBBF05"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>632312.10000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13965.68000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797MS3</cusip>
        <identifiers>
          <isin value="US912797MS31"/>
        </identifiers>
        <balance>15681000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15509721.77000000</valUSD>
        <pctVal>1.948780976225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ51308"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250709 LME Comdty"/>
        </identifiers>
        <balance>-5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-26070.56000000</valUSD>
        <pctVal>-0.00327573970</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ51308"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-09</expDate>
            <notionalAmt>-343156.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-26070.56000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCZN97"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250822 LME Comdty"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>52369.79000000</valUSD>
        <pctVal>0.006580211559</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
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                  <isin value="GB00KNQCZN97"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-22</expDate>
            <notionalAmt>1038312.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>52369.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9VY36"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250703 LME Comdty"/>
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        <balance>29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>396707.16000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ9VY36"/>
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            <expDate>2025-07-03</expDate>
            <notionalAmt>7271162.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>396707.16000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797MH7</cusip>
        <identifiers>
          <isin value="US912797MH75"/>
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        <balance>27839000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27624934.52000000</valUSD>
        <pctVal>3.471045300513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCZZ10"/>
          <other otherDesc="Future Ticker" value="LMCADP 20230822 LME Comdty"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>79749.02000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCZZ10"/>
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            <expDate>2025-08-22</expDate>
            <notionalAmt>1977676.00000000</notionalAmt>
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            <unrealizedAppr>79749.02000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H2652T95"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250702 LME Comdty"/>
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        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9154.61000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H2652T95"/>
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            <expDate>2025-07-02</expDate>
            <notionalAmt>453921.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>9154.61000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00FVN4SL80"/>
          <other otherDesc="Future Ticker" value="LPQ5 25 Comdty"/>
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        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-70256.62000000</valUSD>
        <pctVal>-0.00882767379</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00FVN4SL80"/>
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            <expDate>2025-08-20</expDate>
            <notionalAmt>-1733616.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-70256.62000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ECX Emission</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NLICE1584875"/>
          <other otherDesc="Future Ticker" value="MOZ5 25 Comdty"/>
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        <balance>379.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
        <valUSD>-1001098.54000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="NLICE1584875"/>
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            <expDate>2025-12-15</expDate>
            <notionalAmt>26139630.00000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-1001098.54000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QE0</cusip>
        <identifiers>
          <isin value="US912797QE09"/>
        </identifiers>
        <balance>6380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6305872.38000000</valUSD>
        <pctVal>0.792326536535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB6T97"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250710 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1342.19000000</valUSD>
        <pctVal>-0.00016864482</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQB6T97"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-10</expDate>
            <notionalAmt>-90259.56000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1342.19000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDR582"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250905 LME Comdty"/>
        </identifiers>
        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5679.69000000</valUSD>
        <pctVal>-0.00071364734</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDR582"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-05</expDate>
            <notionalAmt>-206263.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5679.69000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB3546"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250708 LME Comdty"/>
        </identifiers>
        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-40028.56000000</valUSD>
        <pctVal>-0.00502954839</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQB3546"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-08</expDate>
            <notionalAmt>-556030.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-40028.56000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBCW45"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250715 LME Comdty"/>
        </identifiers>
        <balance>13.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>68412.51000000</valUSD>
        <pctVal>0.008595963228</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBCW45"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-15</expDate>
            <notionalAmt>844285.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>68412.51000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFCF91"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250923 LME Comdty"/>
        </identifiers>
        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7137.41000000</valUSD>
        <pctVal>-0.00089680840</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFCF91"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
            <notionalAmt>-357819.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7137.41000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFBC95"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250923 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>35772.22000000</valUSD>
        <pctVal>0.004494743545</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFBC95"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
            <notionalAmt>1480638.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>35772.22000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Coffee 'C'</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="KCU5COM"/>
          <other otherDesc="Future Ticker" value="KCU5 Comdty"/>
        </identifiers>
        <balance>262.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6282712.03000000</valUSD>
        <pctVal>-0.78941646179</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Coffee 'C'</issueTitle>
                <identifiers>
                  <ticker value="KCU5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
            <notionalAmt>29484825.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6282712.03000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD3M77"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250828 LME Comdty"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-27533.80000000</valUSD>
        <pctVal>-0.00345959433</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD3M77"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-28</expDate>
            <notionalAmt>-648757.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-27533.80000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9Y883"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250707 LME Comdty"/>
        </identifiers>
        <balance>-24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-134662.31000000</valUSD>
        <pctVal>-0.01692018411</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
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                  <isin value="GB00KNQ9Y883"/>
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            <expDate>2025-07-07</expDate>
            <notionalAmt>-1558590.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-134662.31000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDNP07"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250904 LME Comdty"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1578.74000000</valUSD>
        <pctVal>0.000198367096</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDNP07"/>
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            <expDate>2025-09-04</expDate>
            <notionalAmt>137484.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1578.74000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4ZJ10"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250730 LME Comdty"/>
        </identifiers>
        <balance>-8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13575.04000000</valUSD>
        <pctVal>-0.00170569015</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ4ZJ10"/>
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            </descRefInstrmnt>
            <expDate>2025-07-30</expDate>
            <notionalAmt>-405554.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13575.04000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0G03"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250822 LME Comdty"/>
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        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-26382.34000000</valUSD>
        <pctVal>-0.00331491454</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD0G03"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-22</expDate>
            <notionalAmt>1090080.72000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-26382.34000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCYV07"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250821 LME Comdty"/>
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        <balance>-4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10469.49000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCYV07"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-21</expDate>
            <notionalAmt>-363306.24000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>10469.49000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Low Sulphur Gasoil</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H6D17269"/>
          <other otherDesc="Future Ticker" value="QSQ5 Comdty"/>
        </identifiers>
        <balance>143.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>421689.32000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H6D17269"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>9452300.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>421689.32000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WXS77"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250902 LME Comdty"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4251.76000000</valUSD>
        <pctVal>-0.00053422937</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25WXS77"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>-137446.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4251.76000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ81X92"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250910 LME Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1492.43000000</valUSD>
        <pctVal>-0.00018752233</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQ81X92"/>
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              </otherRefInst>
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            <expDate>2025-09-10</expDate>
            <notionalAmt>-51053.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1492.43000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFGL32"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250925 LME Comdty"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8490.74000000</valUSD>
        <pctVal>0.001066852960</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFGL32"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-25</expDate>
            <notionalAmt>493546.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8490.74000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H249H767"/>
          <other otherDesc="Future Ticker" value="LXN5 Comdty"/>
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        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-70033.68000000</valUSD>
        <pctVal>-0.00879966161</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H249H767"/>
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            <expDate>2025-07-16</expDate>
            <notionalAmt>-1099692.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-70033.68000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Limited Purpose Cash Investment Fund</name>
        <lei>549300GUQBQJ6160QP80</lei>
        <title>Limited Purpose Cash Investment Fund</title>
        <cusip>90262Y729</cusip>
        <identifiers>
          <isin value="US90262Y7296"/>
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        <balance>398692937.72700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398573329.85000000</valUSD>
        <pctVal>50.08033892295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9Z633"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250707 LME Comdty"/>
        </identifiers>
        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>38609.73000000</valUSD>
        <pctVal>0.004851273829</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQ9Z633"/>
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            </descRefInstrmnt>
            <expDate>2025-07-07</expDate>
            <notionalAmt>555824.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>38609.73000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCY101"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250821 LME Comdty"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-30524.27000000</valUSD>
        <pctVal>-0.00383534389</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
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                  <isin value="GB00KNQCY101"/>
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            <expDate>2025-08-21</expDate>
            <notionalAmt>-649320.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-30524.27000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ6L662"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250806 LME Comdty"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6952.15000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQ6L662"/>
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            <expDate>2025-08-06</expDate>
            <notionalAmt>152529.00000000</notionalAmt>
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            <unrealizedAppr>6952.15000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBRT68"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250725 LME Comdty"/>
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        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-45062.58000000</valUSD>
        <pctVal>-0.00566206795</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQBRT68"/>
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            <expDate>2025-07-25</expDate>
            <notionalAmt>1085461.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-45062.58000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBLF03"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250722 LME Comdty"/>
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        <balance>15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-56547.98000000</valUSD>
        <pctVal>-0.00710519694</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQBLF03"/>
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            <expDate>2025-07-22</expDate>
            <notionalAmt>1356345.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-56547.98000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDX721"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250911 LME Comdty"/>
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        <balance>-34.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-76852.92000000</valUSD>
        <pctVal>-0.00965649227</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDX721"/>
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            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>-2209413.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-76852.92000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCYC18"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250821 LME Comdty"/>
        </identifiers>
        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQF6N52"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQF6N52"/>
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            <expDate>2025-09-18</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Feeder Cattle</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="FCQ5COM"/>
          <other otherDesc="Future Ticker" value="FCQ5 Comdty"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>38178.96000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="FCQ5 Comdty"/>
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            <expDate>2025-08-28</expDate>
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            <unrealizedAppr>38178.96000000</unrealizedAppr>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ51415"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250730 LME Comdty"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>45130.04000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ51415"/>
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            <expDate>2025-07-30</expDate>
            <notionalAmt>1165549.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>45130.04000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0G03"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250822 LME Comdty"/>
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        <balance>-12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>25077.14000000</valUSD>
        <pctVal>0.003150917475</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD0G03"/>
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            <expDate>2025-08-22</expDate>
            <notionalAmt>-1090080.72000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>25077.14000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD3Y99"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250828 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-41264.10000000</valUSD>
        <pctVal>-0.00518479275</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD3Y99"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-28</expDate>
            <notionalAmt>-1483005.00000000</notionalAmt>
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            <unrealizedAppr>-41264.10000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25TJ136"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250702 LME Comdty"/>
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        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8399.88000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H25TJ136"/>
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            <expDate>2025-07-02</expDate>
            <notionalAmt>-251267.25000000</notionalAmt>
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            <unrealizedAppr>-8399.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDW533"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250909 LME Comdty"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13986.72000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDW533"/>
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            <expDate>2025-09-09</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>13986.72000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9121"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250711 LME Comdty"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>22507.65000000</valUSD>
        <pctVal>0.002828063635</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB9121"/>
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            <expDate>2025-07-11</expDate>
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            <unrealizedAppr>22507.65000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9907"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250711 LME Comdty"/>
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        <balance>18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>36579.24000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB9907"/>
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            <expDate>2025-07-11</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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        <identifiers>
          <isin value="GB00KNQFCF91"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250923 LME Comdty"/>
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        <balance>7.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFCF91"/>
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            <expDate>2025-09-23</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBVH25"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250729 LME Comdty"/>
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        <balance>5.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBVH25"/>
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            <expDate>2025-07-29</expDate>
            <notionalAmt>324315.00000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ51076"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250723 LME Comdty"/>
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        <balance>-16.00000000</balance>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ51076"/>
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            <expDate>2025-07-23</expDate>
            <notionalAmt>-1097968.00000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBZY79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250801 LME Comdty"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>143980.99000000</valUSD>
        <pctVal>0.018091066907</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBZY79"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-01</expDate>
            <notionalAmt>2230476.86000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>143980.99000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBPT29"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250724 LME Comdty"/>
        </identifiers>
        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-49663.90000000</valUSD>
        <pctVal>-0.00624021919</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBPT29"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-24</expDate>
            <notionalAmt>1085333.06000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-49663.90000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDTF29"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250909 LME Comdty"/>
        </identifiers>
        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7870.24000000</valUSD>
        <pctVal>0.000988887758</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDTF29"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-09</expDate>
            <notionalAmt>494375.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>7870.24000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Natural Gas</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="NGU5COM"/>
          <other otherDesc="Future Ticker" value="NGU5 25 Comdty"/>
        </identifiers>
        <balance>353.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-438809.99000000</valUSD>
        <pctVal>-0.05513603489</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Natural Gas</issueTitle>
                <identifiers>
                  <ticker value="NGU5 25 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-27</expDate>
            <notionalAmt>12319700.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-438809.99000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCX798"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250819 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-21343.08000000</valUSD>
        <pctVal>-0.00268173658</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCX798"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-19</expDate>
            <notionalAmt>-1099476.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-21343.08000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NY Harbor ULSD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="HOQ5COM"/>
          <other otherDesc="Future Ticker" value="HOQ5 Comdty"/>
        </identifiers>
        <balance>81.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-157120.74000000</valUSD>
        <pctVal>-0.01974206330</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>NY Harbor ULSD</issueTitle>
                <identifiers>
                  <ticker value="HOQ5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-31</expDate>
            <notionalAmt>7743972.60000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-157120.74000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDPZ45"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250905 LME Comdty"/>
        </identifiers>
        <balance>-18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-54299.34000000</valUSD>
        <pctVal>-0.00682265758</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDPZ45"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-05</expDate>
            <notionalAmt>-1169352.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-54299.34000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9VY36"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250703 LME Comdty"/>
        </identifiers>
        <balance>-29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-382289.02000000</valUSD>
        <pctVal>-0.04803423173</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9VY36"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-03</expDate>
            <notionalAmt>-7271162.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-382289.02000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBF250"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250715 LME Comdty"/>
        </identifiers>
        <balance>-16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-43671.79000000</valUSD>
        <pctVal>-0.00548731658</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBF250"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-15</expDate>
            <notionalAmt>-1099464.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-43671.79000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9WF12"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250703 LME Comdty"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5122.91000000</valUSD>
        <pctVal>-0.00064368850</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9WF12"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-03</expDate>
            <notionalAmt>90135.72000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5122.91000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCG819"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250808 LME Comdty"/>
        </identifiers>
        <balance>-35.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-162220.34000000</valUSD>
        <pctVal>-0.02038282293</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCG819"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-08</expDate>
            <notionalAmt>-2272060.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-162220.34000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ6MR47"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250806 LME Comdty"/>
        </identifiers>
        <balance>14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>40973.68000000</valUSD>
        <pctVal>0.005148301774</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ6MR47"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-06</expDate>
            <notionalAmt>960410.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>40973.68000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QY6</cusip>
        <identifiers>
          <isin value="US912797QY62"/>
        </identifiers>
        <balance>9054000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8885512.57000000</valUSD>
        <pctVal>1.116455737711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFC605"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250923 LME Comdty"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12904.99000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFC605"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-23</expDate>
            <notionalAmt>547160.77000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>12904.99000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00FW35KG76"/>
          <other otherDesc="Future Ticker" value="LPU5 25 Comdty"/>
        </identifiers>
        <balance>532.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12208607.09000000</valUSD>
        <pctVal>1.533999229387</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00FW35KG76"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-17</expDate>
            <notionalAmt>131439644.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>12208607.09000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCHG64"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250808 LME Comdty"/>
        </identifiers>
        <balance>-29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-98977.48000000</valUSD>
        <pctVal>-0.01243642103</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCHG64"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-08</expDate>
            <notionalAmt>-1990386.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-98977.48000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD7149"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250829 LME Comdty"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>23086.74000000</valUSD>
        <pctVal>0.002900825713</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQD7149"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-29</expDate>
            <notionalAmt>389331.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>23086.74000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>WTI Crude Oil</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="CLQ5COM"/>
          <other otherDesc="Future Ticker" value="CLQ5 Comdty"/>
        </identifiers>
        <balance>322.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>525709.66000000</valUSD>
        <pctVal>0.066054891223</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>WTI Crude Oil</issueTitle>
                <identifiers>
                  <ticker value="CLQ5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>20965420.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>525709.66000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25TGC30"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250702 LME Comdty"/>
        </identifiers>
        <balance>23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>53167.26000000</valUSD>
        <pctVal>0.006680412865</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25TGC30"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-02</expDate>
            <notionalAmt>1493027.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>53167.26000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF5J42"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250918 LME Comdty"/>
        </identifiers>
        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>41249.14000000</valUSD>
        <pctVal>0.005182913047</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQF5J42"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
            <notionalAmt>2013496.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>41249.14000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9VM14"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250703 LME Comdty"/>
        </identifiers>
        <balance>53.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>172535.12000000</valUSD>
        <pctVal>0.021678864687</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ9VM14"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-03</expDate>
            <notionalAmt>3441117.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>172535.12000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24CMP86"/>
          <other otherDesc="Future Ticker" value="LNU5 Comdty"/>
        </identifiers>
        <balance>-24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10552.35000000</valUSD>
        <pctVal>-0.00132589218</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H24CMP86"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-17</expDate>
            <notionalAmt>-2188199.52000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-10552.35000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCLN10"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250812 LME Comdty"/>
        </identifiers>
        <balance>-8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>30424.16000000</valUSD>
        <pctVal>0.003822765173</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCLN10"/>
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            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>-725584.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>30424.16000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QG5</cusip>
        <identifiers>
          <isin value="US912797QG56"/>
        </identifiers>
        <balance>38530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38019045.58000000</valUSD>
        <pctVal>4.777054924598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0L55"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250822 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8416.78000000</valUSD>
        <pctVal>-0.00105755996</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00KNQD0L55"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-22</expDate>
            <notionalAmt>-305526.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-8416.78000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCKT07"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250812 LME Comdty"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-19097.38000000</valUSD>
        <pctVal>-0.00239956663</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQCKT07"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-12</expDate>
            <notionalAmt>-495497.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-19097.38000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Natural Gas</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="NGQ5COM"/>
          <other otherDesc="Future Ticker" value="NGQ5 25 Comdty"/>
        </identifiers>
        <balance>168.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-522073.10000000</valUSD>
        <pctVal>-0.06559796110</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="NGQ5 25 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-29</expDate>
            <notionalAmt>5806080.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-522073.10000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCPB77"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250814 LME Comdty"/>
        </identifiers>
        <balance>-4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7640.35000000</valUSD>
        <pctVal>-0.00096000231</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCPB77"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-14</expDate>
            <notionalAmt>-259792.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7640.35000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFHG53"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250925 LME Comdty"/>
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        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>23181.92000000</valUSD>
        <pctVal>0.002912784984</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFHG53"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-25</expDate>
            <notionalAmt>1099900.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>23181.92000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9907"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250711 LME Comdty"/>
        </identifiers>
        <balance>-18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-37640.26000000</valUSD>
        <pctVal>-0.00472946089</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQB9907"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-11</expDate>
            <notionalAmt>-1235875.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-37640.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cocoa</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KKVZRD64"/>
          <other otherDesc="Future Ticker" value="QCU5 Comdty"/>
        </identifiers>
        <balance>-34.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72851783"/>
        <valUSD>239369.62000000</valUSD>
        <pctVal>0.030076552542</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Cocoa</issueTitle>
                <identifiers>
                  <isin value="GB00KKVZRD64"/>
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            <expDate>2025-09-15</expDate>
            <notionalAmt>-2019260.00000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>239369.62000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBQ661"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250724 LME Comdty"/>
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        <balance>19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>27923.78000000</valUSD>
        <pctVal>0.003508594935</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBQ661"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-24</expDate>
            <notionalAmt>1303423.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>27923.78000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDZ874"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250912 LME Comdty"/>
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        <balance>79.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>183628.21000000</valUSD>
        <pctVal>0.023072700313</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQDZ874"/>
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            <expDate>2025-09-12</expDate>
            <notionalAmt>5133894.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>183628.21000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7TH66"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250910 LME Comdty"/>
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        <balance>27.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>78828.40000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
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                  <isin value="GB00KNQ7TH66"/>
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            </descRefInstrmnt>
            <expDate>2025-09-10</expDate>
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            <unrealizedAppr>78828.40000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBTS91"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250728 LME Comdty"/>
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        <balance>-19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-50275.50000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBTS91"/>
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            <expDate>2025-07-28</expDate>
            <notionalAmt>-1302901.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-50275.50000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBGP57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250717 LME Comdty"/>
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        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>59890.84000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBGP57"/>
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            <expDate>2025-07-17</expDate>
            <notionalAmt>714120.00000000</notionalAmt>
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            <unrealizedAppr>59890.84000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ80X28"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250903 LME Comdty"/>
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        <balance>-6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8597.58000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
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                  <isin value="GB00KNQ80X28"/>
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            <expDate>2025-09-03</expDate>
            <notionalAmt>-545966.64000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8597.58000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCRW21"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250815 LME Comdty"/>
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        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>100393.70000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCRW21"/>
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            </descRefInstrmnt>
            <expDate>2025-08-15</expDate>
            <notionalAmt>2477345.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>100393.70000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H249FY92"/>
          <other otherDesc="Future Ticker" value="LLN5 Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3129.68000000</valUSD>
        <pctVal>0.000393241151</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Future Ticker" value="LNQ5 Comdty"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            <expDate>2025-08-20</expDate>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00FVN4SL80"/>
          <other otherDesc="Future Ticker" value="LPQ5 25 Comdty"/>
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        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00FVN4SL80"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB3108"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250708 LME Comdty"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-30733.70000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB3108"/>
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            <expDate>2025-07-08</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB3F47"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250708 LME Comdty"/>
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        <balance>-37.00000000</balance>
        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQB3F47"/>
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              </otherRefInst>
            </descRefInstrmnt>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WVG16"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250902 LME Comdty"/>
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        <balance>-8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H25WVG16"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ80S74"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250910 LME Comdty"/>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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          <isin value="GB00KNQD3Y99"/>
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              <counterpartyName>LME Clear</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>24.00000000</balance>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQ4ST25"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              </otherRefInst>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQBH074"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250717 LME Comdty"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBH074"/>
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            <expDate>2025-07-17</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9WT57"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250703 LME Comdty"/>
        </identifiers>
        <balance>-27.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8136.99000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ9WT57"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-03</expDate>
            <notionalAmt>-1850742.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8136.99000000</unrealizedAppr>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSR43"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250815 LME Comdty"/>
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        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>29984.88000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCSR43"/>
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            <expDate>2025-08-15</expDate>
            <notionalAmt>2130234.75000000</notionalAmt>
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            <unrealizedAppr>29984.88000000</unrealizedAppr>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7WW21"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250924 LME Comdty"/>
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        <balance>-12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-45907.56000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ7WW21"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
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            <unrealizedAppr>-45907.56000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDQS43"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250905 LME Comdty"/>
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        <balance>-8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>15922.16000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQDQS43"/>
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            <expDate>2025-09-05</expDate>
            <notionalAmt>-728116.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>15922.16000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBS600"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250725 LME Comdty"/>
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        <balance>20.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>39604.90000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBS600"/>
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            <expDate>2025-07-25</expDate>
            <notionalAmt>1371595.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>39604.90000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Live Cattle</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="LCQ5COM"/>
          <other otherDesc="Future Ticker" value="LCQ5 Comdty"/>
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        <balance>213.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>332142.36000000</valUSD>
        <pctVal>0.041733354225</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <ticker value="LCQ5 Comdty"/>
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            <expDate>2025-08-29</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Wheat</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="W0U5COM"/>
          <other otherDesc="Future Ticker" value="W U5 Comdty"/>
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        <balance>257.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-208425.57000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="W U5 Comdty"/>
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            <expDate>2025-09-12</expDate>
            <notionalAmt>6916512.50000000</notionalAmt>
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            <unrealizedAppr>-208425.57000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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        <identifiers>
          <isin value="GB00KNQ9Y883"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250707 LME Comdty"/>
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        <balance>24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ9Y883"/>
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            <expDate>2025-07-07</expDate>
            <notionalAmt>1558590.00000000</notionalAmt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
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          <isin value="GB00KNQBTD49"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250728 LME Comdty"/>
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        <balance>12.00000000</balance>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBTD49"/>
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            <expDate>2025-07-28</expDate>
            <notionalAmt>1085947.20000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQBGP57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250717 LME Comdty"/>
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        <balance>-11.00000000</balance>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBGP57"/>
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            <expDate>2025-07-17</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ7TP41"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ7TP41"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-03</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>-11099.64000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="CLU5COM"/>
          <other otherDesc="Future Ticker" value="CLU5 Comdty"/>
        </identifiers>
        <balance>1029.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2111038.54000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="CLU5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-20</expDate>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBQ661"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250724 LME Comdty"/>
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        <balance>-19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-34143.47000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBQ661"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-24</expDate>
            <notionalAmt>-1303423.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-34143.47000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBF250"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250715 LME Comdty"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>40571.20000000</valUSD>
        <pctVal>0.005097730566</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBF250"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-15</expDate>
            <notionalAmt>1099464.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>40571.20000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25WVG16"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250902 LME Comdty"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12718.24000000</valUSD>
        <pctVal>-0.00159803409</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25WVG16"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-02</expDate>
            <notionalAmt>727874.88000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-12718.24000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBMH91"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250722 LME Comdty"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>57886.79000000</valUSD>
        <pctVal>0.007273417073</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBMH91"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>1166956.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>57886.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ84309"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250924 LME Comdty"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1416.79000000</valUSD>
        <pctVal>0.000178018241</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQ84309"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-24</expDate>
            <notionalAmt>68770.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1416.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFJW51"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250926 LME Comdty"/>
        </identifiers>
        <balance>-22.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7861.15000000</valUSD>
        <pctVal>-0.00098774560</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQFJW51"/>
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            </descRefInstrmnt>
            <expDate>2025-09-26</expDate>
            <notionalAmt>-5427812.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7861.15000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFG804"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250925 LME Comdty"/>
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        <balance>14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10995.75000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Aluminum Base Metal</issueTitle>
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                  <isin value="GB00KNQFG804"/>
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            <expDate>2025-09-25</expDate>
            <notionalAmt>909191.50000000</notionalAmt>
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            <unrealizedAppr>10995.75000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD0V53"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250822 LME Comdty"/>
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        <balance>37.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>49571.44000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQD0V53"/>
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            <expDate>2025-08-22</expDate>
            <notionalAmt>2541650.25000000</notionalAmt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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        <identifiers>
          <isin value="GB00KNQFJK30"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250926 LME Comdty"/>
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        <balance>-13.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-7021.69000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFJK30"/>
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            <expDate>2025-09-26</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCYV07"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250821 LME Comdty"/>
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        <balance>4.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-10264.28000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCYV07"/>
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            </descRefInstrmnt>
            <expDate>2025-08-21</expDate>
            <notionalAmt>363306.24000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25TLG21"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250702 LME Comdty"/>
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        <balance>7.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-44764.37000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00H25TLG21"/>
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              </otherRefInst>
            </descRefInstrmnt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQCDV36"/>
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        <valUSD>-17748.49000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
            <expDate>2025-08-07</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQF5J42"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250918 LME Comdty"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQF5J42"/>
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            <expDate>2025-09-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Lean Hogs</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="LHQ5COM"/>
          <other otherDesc="Future Ticker" value="LHQ5 Comdty"/>
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        <balance>149.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-156514.09000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <ticker value="LHQ5 Comdty"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-14</expDate>
            <notionalAmt>6407000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-156514.09000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDMT79"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250904 LME Comdty"/>
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        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>73213.44000000</valUSD>
        <pctVal>0.009199195265</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQDMT79"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-04</expDate>
            <notionalAmt>2966670.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>73213.44000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBHM91"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250717 LME Comdty"/>
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        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3050.88000000</valUSD>
        <pctVal>-0.00038334001</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBHM91"/>
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            <expDate>2025-07-17</expDate>
            <notionalAmt>-50698.25000000</notionalAmt>
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            <unrealizedAppr>-3050.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCRK09"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250815 LME Comdty"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>54385.04000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCRK09"/>
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            <expDate>2025-08-15</expDate>
            <notionalAmt>1104179.75000000</notionalAmt>
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            <unrealizedAppr>54385.04000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB2K25"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250708 LME Comdty"/>
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        <balance>43.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1300918.41000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB2K25"/>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCQ479"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250814 LME Comdty"/>
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        <balance>-4.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCQ479"/>
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            <expDate>2025-08-14</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
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          <isin value="GB00FVN2W767"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00FW35KF69"/>
          <other otherDesc="Future Ticker" value="LAU5 25 Comdty"/>
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        <balance>-222.00000000</balance>
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            <payOffProf>Short</payOffProf>
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            <expDate>2025-09-17</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
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          <isin value="GB00KNQD8774"/>
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        <balance>-33.00000000</balance>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-08-29</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Platinum</title>
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          <other otherDesc="Inhouse Sedol" value="JAJ6COM"/>
          <other otherDesc="Future Ticker" value="JAJ6 Comdty"/>
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        <balance>44.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Japan Securities Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2026-04-24</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Soybean Oil</title>
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          <other otherDesc="Inhouse Sedol" value="BOZ5COM"/>
          <other otherDesc="Future Ticker" value="BOZ5 Comdty"/>
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        <balance>343.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <otherRefInst>
                <issuerName>N/A</issuerName>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00FW35KG76"/>
          <other otherDesc="Future Ticker" value="LPU5 25 Comdty"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00FW35KG76"/>
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            <expDate>2025-09-17</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ9YL12"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250707 LME Comdty"/>
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        <balance>23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>740012.03000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ9YL12"/>
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            <expDate>2025-07-07</expDate>
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            <unrealizedAppr>740012.03000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cotton No. 2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="CTZ5COM"/>
          <other otherDesc="Future Ticker" value="CTZ5 Comdty"/>
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        <balance>272.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-315.61000000</valUSD>
        <pctVal>-0.00003965607</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Cotton No. 2</issueTitle>
                <identifiers>
                  <ticker value="CTZ5 Comdty"/>
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            <expDate>2025-12-08</expDate>
            <notionalAmt>9265680.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-315.61000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24BLH05"/>
          <other otherDesc="Future Ticker" value="LLQ5 Comdty"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1383.03000000</valUSD>
        <pctVal>0.000173776331</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
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                  <isin value="GB00H24BLH05"/>
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            </descRefInstrmnt>
            <expDate>2025-08-20</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>1383.03000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB8F91"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250711 LME Comdty"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-363274.24000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
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                  <isin value="GB00KNQB8F91"/>
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            <expDate>2025-07-11</expDate>
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            <unrealizedAppr>-363274.24000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB8594"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250711 LME Comdty"/>
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        <balance>50.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>239663.50000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQB8594"/>
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            <expDate>2025-07-11</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQD8774"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250829 LME Comdty"/>
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        <balance>33.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>60350.21000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQD8774"/>
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            <expDate>2025-08-29</expDate>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQCY101"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250821 LME Comdty"/>
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        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-08-21</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQD7149"/>
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        <balance>-6.00000000</balance>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQ4ZD57"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250709 LME Comdty"/>
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        <balance>15.00000000</balance>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-09</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQDSX36"/>
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        <balance>11.00000000</balance>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDSX36"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQ7WY45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250903 LME Comdty"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15309.37000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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            </descRefInstrmnt>
            <expDate>2025-09-03</expDate>
            <notionalAmt>-494429.49000000</notionalAmt>
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            <unrealizedAppr>-15309.37000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00KNQFJK30"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250926 LME Comdty"/>
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        <balance>13.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5649.09000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQFJK30"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-26</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBBT41"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250714 LME Comdty"/>
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        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>28319.74000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBBT41"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>755724.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>28319.74000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ9YL12"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250707 LME Comdty"/>
        </identifiers>
        <balance>-23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-721527.24000000</valUSD>
        <pctVal>-0.09065917364</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ9YL12"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-07</expDate>
            <notionalAmt>-5758901.27000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-721527.24000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7TQ57"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250924 LME Comdty"/>
        </identifiers>
        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>20000.38000000</valUSD>
        <pctVal>0.002513027676</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ7TQ57"/>
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            <expDate>2025-09-24</expDate>
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            <unrealizedAppr>20000.38000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797PE1</cusip>
        <identifiers>
          <isin value="US912797PE18"/>
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        <balance>5758000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5747405.28000000</valUSD>
        <pctVal>0.722155705847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBBF05"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250714 LME Comdty"/>
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        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>17499.49000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBBF05"/>
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            <expDate>2025-07-14</expDate>
            <notionalAmt>-632312.10000000</notionalAmt>
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            <unrealizedAppr>17499.49000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4VQ07"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250723 LME Comdty"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>96785.76000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4VQ07"/>
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            <expDate>2025-07-23</expDate>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBRT68"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250725 LME Comdty"/>
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        <balance>-12.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45927.24000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBRT68"/>
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            <expDate>2025-07-25</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQD7Z86"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250829 LME Comdty"/>
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        <balance>18.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>27593.16000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQD7Z86"/>
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            <expDate>2025-08-29</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQF0225"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250912 LME Comdty"/>
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        <balance>9.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2987.30000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQF0225"/>
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            <expDate>2025-09-12</expDate>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4SY77"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250723 LME Comdty"/>
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        <balance>-10.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-44958.80000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4SY77"/>
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            <expDate>2025-07-23</expDate>
            <notionalAmt>-648772.50000000</notionalAmt>
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            <unrealizedAppr>-44958.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H25R4671"/>
          <other otherDesc="Future Ticker" value="LYQ5 Comdty"/>
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        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14517.48000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H25R4671"/>
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            <expDate>2025-08-20</expDate>
            <notionalAmt>259878.00000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQB9Y55"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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              <counterpartyName>LME Clear</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00H25Q1298"/>
          <other otherDesc="Future Ticker" value="LYN5 Comdty"/>
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        <balance>-13.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                  <isin value="GB00H25Q1298"/>
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            <expDate>2025-07-16</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQCG819"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250808 LME Comdty"/>
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        <balance>35.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>155355.45000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCG819"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Sugar No. 11</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="SBV5COM"/>
          <other otherDesc="Future Ticker" value="SBV5 Comdty"/>
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        <balance>2662.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2217784.66000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="SBV5 Comdty"/>
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            <expDate>2025-09-30</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQDTF29"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250909 LME Comdty"/>
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        <balance>-2.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQDTF29"/>
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            <expDate>2025-09-09</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
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          <isin value="GB00KNQDZ874"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250912 LME Comdty"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="GB00KNQBXW16"/>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
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          <isin value="GB00KNQBHH49"/>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
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          <isin value="GB00KNQDQX95"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250905 LME Comdty"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
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          <isin value="GB00KNQ9WT57"/>
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        <balance>27.00000000</balance>
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            <expDate>2025-07-03</expDate>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBLF03"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250722 LME Comdty"/>
        </identifiers>
        <balance>-15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>60629.55000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBLF03"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-22</expDate>
            <notionalAmt>-1356345.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>60629.55000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBRB84"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250725 LME Comdty"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13448.21000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBRB84"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-25</expDate>
            <notionalAmt>247830.76000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>13448.21000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SGX Iron Ore</title>
        <cusip>N/A</cusip>
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          <isin value="SGXDB0712495"/>
          <other otherDesc="Future Ticker" value="SCOQ5 Comdty"/>
        </identifiers>
        <balance>483.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>49503.28000000</valUSD>
        <pctVal>0.006220037454</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Singapore Exchange Derivatives Clearing</counterpartyName>
              <counterpartyLei>549300ZLWT3FK3F0FW61</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="SGXDB0712495"/>
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            </descRefInstrmnt>
            <expDate>2025-08-29</expDate>
            <notionalAmt>4541166.00000000</notionalAmt>
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            <unrealizedAppr>49503.28000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ7WY45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250903 LME Comdty"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQ7WY45"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-03</expDate>
            <notionalAmt>494429.49000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16249.23000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QF7</cusip>
        <identifiers>
          <isin value="US912797QF73"/>
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        <balance>47759000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47163943.87000000</valUSD>
        <pctVal>5.926102217731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBD651"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250715 LME Comdty"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-36896.51000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBD651"/>
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            <expDate>2025-07-15</expDate>
            <notionalAmt>-497911.52000000</notionalAmt>
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            <unrealizedAppr>-36896.51000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBPB45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250724 LME Comdty"/>
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        <balance>-4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-49333.57000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBPB45"/>
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            <expDate>2025-07-24</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSC99"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250815 LME Comdty"/>
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        <balance>-23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>71395.49000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCSC99"/>
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            <expDate>2025-08-15</expDate>
            <notionalAmt>-2087048.52000000</notionalAmt>
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            <unrealizedAppr>71395.49000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ84523"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250903 LME Comdty"/>
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        <balance>-9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13339.17000000</valUSD>
        <pctVal>-0.00167605332</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ84523"/>
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            <expDate>2025-09-03</expDate>
            <notionalAmt>-618565.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13339.17000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSH45"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250815 LME Comdty"/>
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        <balance>-19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-21593.72000000</valUSD>
        <pctVal>-0.00271322924</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCSH45"/>
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            <expDate>2025-08-15</expDate>
            <notionalAmt>-967218.75000000</notionalAmt>
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            <unrealizedAppr>-21593.72000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCQJ29"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250814 LME Comdty"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4806.15000000</valUSD>
        <pctVal>-0.00060388792</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCQJ29"/>
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            <expDate>2025-08-14</expDate>
            <notionalAmt>1168193.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4806.15000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ80S74"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250910 LME Comdty"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1333.23000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ80S74"/>
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            <expDate>2025-09-10</expDate>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Aluminum Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00KNQCRK09"/>
          <other otherDesc="Future Ticker" value="LMAADP 20250815 LME Comdty"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQCRK09"/>
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            <expDate>2025-08-15</expDate>
            <notionalAmt>-1104179.75000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQ4YK59"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>46553.84000000</valUSD>
        <pctVal>0.005849443278</pctVal>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4YK59"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-09</expDate>
            <notionalAmt>721934.88000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>46553.84000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Natural Gas</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H44X9430"/>
          <other otherDesc="Future Ticker" value="FNQ5 Comdty"/>
        </identifiers>
        <balance>-15.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72851783"/>
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        <pctVal>0.013131438409</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00H44X9430"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-30</expDate>
            <notionalAmt>-359584.50000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>104508.90000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSR43"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250815 LME Comdty"/>
        </identifiers>
        <balance>-31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-30203.78000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQCSR43"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-15</expDate>
            <notionalAmt>-2130234.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-30203.78000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBHW99"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250717 LME Comdty"/>
        </identifiers>
        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-73358.09000000</valUSD>
        <pctVal>-0.00921737039</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <isin value="GB00KNQBHW99"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-17</expDate>
            <notionalAmt>-1168057.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-73358.09000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQFKR71"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250926 LME Comdty"/>
        </identifiers>
        <balance>-14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-768.80000000</valUSD>
        <pctVal>-0.00009659894</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQFKR71"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-26</expDate>
            <notionalAmt>-962412.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-768.80000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Lead Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCSH45"/>
          <other otherDesc="Future Ticker" value="LMPBDP 20250815 LME Comdty"/>
        </identifiers>
        <balance>19.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21458.71000000</valUSD>
        <pctVal>0.002696265377</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCSH45"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-15</expDate>
            <notionalAmt>967218.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>21458.71000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQCYC18"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250821 LME Comdty"/>
        </identifiers>
        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-16986.88000000</valUSD>
        <pctVal>-0.00213438442</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Copper Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQCYC18"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-08-21</expDate>
            <notionalAmt>-494619.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-16986.88000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Low Sulphur Gasoil</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H6D17376"/>
          <other otherDesc="Future Ticker" value="QSU5 Comdty"/>
        </identifiers>
        <balance>421.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1764041.91000000</valUSD>
        <pctVal>-0.22165009575</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear Europe</counterpartyName>
              <counterpartyLei>5R6J7JCQRIPQR1EEP713</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <isin value="GB00H6D17376"/>
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            </descRefInstrmnt>
            <expDate>2025-09-11</expDate>
            <notionalAmt>27491300.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1764041.91000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797NX1</cusip>
        <identifiers>
          <isin value="US912797NX17"/>
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        <balance>2507000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2506416.30000000</valUSD>
        <pctVal>0.314928692878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Copper Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBPB45"/>
          <other otherDesc="Future Ticker" value="LMCADP 20250724 LME Comdty"/>
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        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>50954.95000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQBPB45"/>
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            <expDate>2025-07-24</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
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        <identifiers>
          <isin value="GB00KNQ4YN80"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250730 LME Comdty"/>
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        <balance>-3.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9044.31000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <isin value="GB00KNQ4YN80"/>
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            <expDate>2025-07-30</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Zinc Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBHW99"/>
          <other otherDesc="Future Ticker" value="LMZSDP 20250717 LME Comdty"/>
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        <balance>17.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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                  <isin value="GB00KNQBHW99"/>
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            <expDate>2025-07-17</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
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          <isin value="GB00H25TLG21"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250702 LME Comdty"/>
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        <balance>-7.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43173.83000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LME Clear</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2025-07-02</expDate>
            <notionalAmt>-630824.04000000</notionalAmt>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME Nickel Base Metal</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNQBPT29"/>
          <other otherDesc="Future Ticker" value="LMNIDP 20250724 LME Comdty"/>
        </identifiers>
        <balance>-12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>54215.38000000</valUSD>
        <pctVal>0.006812108091</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LME Clear</counterpartyName>
              <counterpartyLei>213800L8AQD59D3JRW81</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Nickel Base Metal</issueTitle>
                <identifiers>
                  <isin value="GB00KNQBPT29"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-07-24</expDate>
            <notionalAmt>-1085333.06000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>54215.38000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AQR Funds</ncom:nameOfApplicant>
      <ncom:signature>Matthew Plastina</ncom:signature>
      <ncom:signerName>Matthew Plastina</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
