The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BARRICK GOLD CORPORATION COM 067901108   5,102 323,514 SH   SOLE   323,514 0 0
BHP GROUP LTD SPONSORED ADS 088606108   6,182 106,393 SH   SOLE   106,393 0 0
CATERPILLAR INC DEL COM 149123101   3,994 29,306 SH   SOLE   29,306 0 0
CIENA CORP COM NEW 171779309   575 13,990 SH   SOLE   13,990 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   3,038 182,231 SH   SOLE   182,231 0 0
COSTCO WHSL CORP NEW COM 22160K105   6,432 24,340 SH   SOLE   24,340 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106   1,020 97,342 SH   SOLE   97,342 0 0
CUMMINS INC COM 231021106   4,079 23,808 SH   SOLE   23,808 0 0
D R HORTON INC COM 23331A109   6,535 151,529 SH   SOLE   151,529 0 0
DBX ETF TR XTRACK HRVST CSI 233051879   1,596 56,685 SH   SOLE   56,685 0 0
DEERE & CO COM 244199105   3,927 23,699 SH   SOLE   23,699 0 0
DEVON ENERGY CORP NEW COM 25179M103   2,901 101,712 SH   SOLE   101,712 0 0
HONEYWELL INTL INC COM 438516106   3,788 21,695 SH   SOLE   21,695 0 0
INTEL CORP COM 458140100   3,607 75,359 SH   SOLE   75,359 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602   5,440 10,371 SH   SOLE   10,371 0 0
ISHARES INC MSCI CHILE ETF 464286640   3,314 81,103 SH   SOLE   81,103 0 0
ISHARES INC MSCI STH KOR ETF 464286772   12,644 211,185 SH   SOLE   211,185 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772   8,719 249,387 SH   SOLE   249,387 0 0
ISHARES INC MSCI MLY ETF NEW 46434G814   4,235 142,455 SH   SOLE   142,455 0 0
ISHARES SILVER TRUST ISHARES 46428Q109   748 52,179 SH   SOLE   52,179 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   16,161 376,625 SH   SOLE   376,625 0 0
ISHARES TR US HOME CONS ETF 464288752   7,659 200,399 SH   SOLE   200,399 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   3,705 393,440 SH   SOLE   393,440 0 0
LENNAR CORP CL A 526057104   3,565 73,567 SH   SOLE   73,567 0 0
MICROSOFT CORP COM 594918104   4,445 33,183 SH   SOLE   33,183 0 0
NORFOLK SOUTHERN CORP COM 655844108   7,632 38,290 SH   SOLE   38,290 0 0
NUTRIEN LTD COM 67077M108   3,433 64,217 SH   SOLE   64,217 0 0
PULTE GROUP INC COM 745867101   6,044 191,155 SH   SOLE   191,155 0 0
ROCKWELL AUTOMATION INC COM 773903109   3,121 19,053 SH   SOLE   19,053 0 0
ROSS STORES INC COM 778296103   6,257 63,130 SH   SOLE   63,130 0 0
SHERWIN WILLIAMS CO COM 824348106   3,351 7,311 SH   SOLE   7,311 0 0
SONY CORP SPONSORED ADR 835699307   6,014 114,796 SH   SOLE   114,796 0 0
SOUTHERN COPPER CORP COM 84265V105   3,471 89,352 SH   SOLE   89,352 0 0
SPDR GOLD TRUST GOLD SHS 78463V107   2,108 15,827 SH   SOLE   15,827 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730   3,286 120,588 SH   SOLE   120,588 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888   4,320 103,644 SH   SOLE   103,644 0 0
SPLUNK INC COM 848637104   1,976 15,713 SH   SOLE   15,713 0 0
ST JOE CO COM 790148100   1,603 92,771 SH   SOLE   92,771 0 0
UNION PACIFIC CORP COM 907818108   5,855 34,625 SH   SOLE   34,625 0 0
VALE S A SPONSORED ADS 91912E105   2,861 212,854 SH   SOLE   212,854 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403   3,248 137,452 SH   SOLE   137,452 0 0