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 2,250 145,150 SH   SOLE   145,150 0 0
CATERPILLAR INC COM 149123101 2,743 16,719 SH   SOLE   16,719 0 0
CHEVRON CORP NEW COM 166764100 3,640 25,339 SH   SOLE   25,339 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 697 103,607 SH   SOLE   103,607 0 0
CONOCOPHILLIPS COM 20825C104 4,978 48,640 SH   SOLE   48,640 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,003 6,358 SH   SOLE   6,358 0 0
CUMMINS INC COM 231021106 3,009 14,785 SH   SOLE   14,785 0 0
D R HORTON INC COM 23331A109 3,795 56,353 SH   SOLE   56,353 0 0
DEERE & CO COM 244199105 4,006 11,999 SH   SOLE   11,999 0 0
DEVON ENERGY CORP NEW COM 25179M103 4,284 71,240 SH   SOLE   71,240 0 0
EOG RES INC COM 26875P101 2,317 20,738 SH   SOLE   20,738 0 0
FRANCO NEV CORP COM 351858105 3,726 31,184 SH   SOLE   31,184 0 0
FREEPORT-MCMORAN INC CL B 35671D857 2,081 76,161 SH   SOLE   76,161 0 0
GOLAR LNG LTD SHS G9456A100 2,371 95,138 SH   SOLE   95,138 0 0
INTEL CORP COM 458140100 1,088 42,213 SH   SOLE   42,213 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 2,890 97,534 SH   SOLE   97,534 0 0
ISHARES SILVER TR ISHARES 46428Q109 212 12,121 SH   SOLE   12,121 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 3,828 146,063 SH   SOLE   146,063 0 0
LENNAR CORP CL A 526057104 2,363 31,691 SH   SOLE   31,691 0 0
MOHAWK INDS INC COM 608190104 2,797 30,677 SH   SOLE   30,677 0 0
MOSAIC CO NEW COM 61945C103 3,505 72,517 SH   SOLE   72,517 0 0
NEWMONT CORP COM 651639106 2,280 54,247 SH   SOLE   54,247 0 0
NORFOLK SOUTHN CORP COM 655844108 3,596 17,153 SH   SOLE   17,153 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,133 38,744 SH   SOLE   38,744 0 0
ROCKWELL AUTOMATION INC COM 773903109 2,295 10,669 SH   SOLE   10,669 0 0
SCHLUMBERGER LTD COM STK 806857108 3,552 98,944 SH   SOLE   98,944 0 0
SHERWIN WILLIAMS CO COM 824348106 2,516 12,286 SH   SOLE   12,286 0 0
SPDR GOLD TR GOLD SHS 78463V107 331 2,139 SH   SOLE   2,139 0 0
ST JOE CO COM 790148100 1,376 42,951 SH   SOLE   42,951 0 0
UNION PAC CORP COM 907818108 2,929 15,032 SH   SOLE   15,032 0 0
VALE S A SPONSORED ADS 91912E105 2,208 165,761 SH   SOLE   165,761 0 0
VANECK ETF TRUST VANECK RUSSIA ET 92189F403 0 86,773 SH   SOLE   86,773 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 3,384 140,314 SH   SOLE   140,314 0 0