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

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BARRICK GOLD CORP COM 067901108 3,957 161,306 SH   SOLE   161,306 0 0
CATERPILLAR INC COM 149123101 4,140 18,580 SH   SOLE   18,580 0 0
CHEVRON CORP NEW COM 166764100 4,585 28,159 SH   SOLE   28,159 0 0
CIENA CORP COM NEW 171779309 279 4,597 SH   SOLE   4,597 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 1,159 115,136 SH   SOLE   115,136 0 0
CONOCOPHILLIPS COM 20825C104 4,864 48,640 SH   SOLE   48,640 0 0
COSTCO WHSL CORP NEW COM 22160K105 4,068 7,064 SH   SOLE   7,064 0 0
CUMMINS INC COM 231021106 3,369 16,427 SH   SOLE   16,427 0 0
D R HORTON INC COM 23331A109 4,666 62,626 SH   SOLE   62,626 0 0
DEERE & CO COM 244199105 5,540 13,334 SH   SOLE   13,334 0 0
DEVON ENERGY CORP NEW COM 25179M103 4,681 79,170 SH   SOLE   79,170 0 0
EATON CORP PLC SHS G29183103 2,700 17,793 SH   SOLE   17,793 0 0
EOG RES INC COM 26875P101 2,748 23,046 SH   SOLE   23,046 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,210 84,639 SH   SOLE   84,639 0 0
GOLAR LNG LTD SHS G9456A100 2,620 105,729 SH   SOLE   105,729 0 0
INTEL CORP COM 458140100 2,325 46,912 SH   SOLE   46,912 0 0
ISHARES INC MSCI AUST ETF 464286103 7,755 293,403 SH   SOLE   293,403 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 5,750 152,067 SH   SOLE   152,067 0 0
ISHARES SILVER TR ISHARES 46428Q109 309 13,513 SH   SOLE   13,513 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 7,825 232,617 SH   SOLE   232,617 0 0
LENNAR CORP CL A 526057104 2,859 35,218 SH   SOLE   35,218 0 0
MOSAIC CO NEW COM 61945C103 5,359 80,590 SH   SOLE   80,590 0 0
NEWMONT CORP COM 651639106 4,789 60,280 SH   SOLE   60,280 0 0
NORFOLK SOUTHN CORP COM 655844108 6,405 22,455 SH   SOLE   22,455 0 0
RIO TINTO PLC SPONSORED ADR 767204100 3,462 43,057 SH   SOLE   43,057 0 0
ROCKWELL AUTOMATION INC COM 773903109 3,320 11,857 SH   SOLE   11,857 0 0
SCHLUMBERGER LTD COM STK 806857108 4,542 109,958 SH   SOLE   109,958 0 0
SHERWIN WILLIAMS CO COM 824348106 3,408 13,654 SH   SOLE   13,654 0 0
SPDR GOLD TR GOLD SHS 78463V107 431 2,385 SH   SOLE   2,385 0 0
ST JOE CO COM 790148100 2,827 47,721 SH   SOLE   47,721 0 0
UNION PAC CORP COM 907818108 5,583 20,435 SH   SOLE   20,435 0 0
VALE S A SPONSORED ADS 91912E105 3,682 184,210 SH   SOLE   184,210 0 0
VANECK ETF TRUST VANECK RUSSIA ET 92189F403 0 86,773 SH   SOLE   86,773 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 5,981 155,947 SH   SOLE   155,947 0 0