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
AIR PRODS & CHEMS INC COM 009158106 659 4,145 SH   SOLE   4,145 0 0
AK STL HLDG CORP COM 001547108 599 132,250 SH   SOLE   132,250 0 0
ALBEMARLE CORP COM 012653101 234 2,520 SH   SOLE   2,520 0 0
ALCOA CORP COM 013872106 1,034 22,988 SH   SOLE   22,988 0 0
ANADARKO PETE CORP COM 032511107 1,121 18,559 SH   SOLE   18,559 0 0
Andeavor COM 03349M105 1,127 11,210 SH   SOLE   11,210 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 800 25,133 SH   SOLE   25,133 0 0
Archer Daniels Midland Co COM 039483102 427 9,842 SH   SOLE   9,842 0 0
Barrick Gold Corp COM 067901108 618 49,700 SH   SOLE   49,700 0 0
BHP Billiton Ltd SPONSORED ADR 088606108 934 21,015 SH   SOLE   21,015 0 0
BP PLC SPONSORED ADR 055622104 227 5,610 SH   SOLE   5,610 0 0
Bunge LTD COM G16962105 825 11,160 SH   SOLE   11,160 0 0
CANADIAN NATL RY CO COM 136375102 826 26,275 SH   SOLE   26,275 0 0
Caterpillar Ord Shs COM 149123101 765 5,190 SH   SOLE   5,190 0 0
CF INDS HLDGS INC COM 125269100 544 14,408 SH   SOLE   14,408 0 0
Cheniere Energy Inc COM NEW 16411R208 246 4,605 SH   SOLE   4,605 0 0
Chevron Corp New COM 166764100 850 7,450 SH   SOLE   7,450 0 0
CNX RESOURCES CORPORATION COM 12653C108 1,879 12,175 SH   SOLE   12,175 0 0
Deere & Co COM 244199105 1,130 7,275 SH   SOLE   7,275 0 0
Domtar Corp COM NEW 257559203 468 11,000 SH   SOLE   11,000 0 0
DowDuPont Inc COM 26078J100 922 14,465 SH   SOLE   14,465 0 0
Enbridge Inc COM 29250N105 875 27,819 SH   SOLE   27,819 0 0
ENI S P A SPONSORED ADR 26874R108 244 6,920 SH   SOLE   6,920 0 0
EOG RES INC COM 26875P101 674 6,400 SH   SOLE   6,400 0 0
Exxon Mobil Corp COM 30231G102 972 13,025 SH   SOLE   13,025 0 0
FREEPORT-MCMORAN INC CL B 35671D857 685 38,900 SH   SOLE   38,900 0 0
GOLDCORP INC NEW COM 380956409 576 41,715 SH   SOLE   41,715 0 0
GREEN PLAINS INC COM 393222104 389 23,138 SH   SOLE   23,138 0 0
Halliburton Co COM 406216101 462 9,850 SH   SOLE   9,850 0 0
INTL PAPER CO COM 460146103 787 14,731 SH   SOLE   14,731 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 647 5,887 SH   SOLE   5,887 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 909 8,605 SH   SOLE   8,605 0 0
Macquarie Infrastructure Cor COM 55608B105 340 6,485 SH   SOLE   6,485 0 0
Marathon Pete Corp COM 56585A102 755 10,325 SH   SOLE   10,325 0 0
MONDELEZ INTL INC CL A 609207105 532 12,764 SH   SOLE   12,764 0 0
Nabors Industries Ltd SHS 629568106 404 57,830 SH   SOLE   57,830 0 0
Newmont Mining Corp COM 651639106 497 12,725 SH   SOLE   12,725 0 0
NextEra Energy Inc COM 65339F101 286 1,750 SH   SOLE   1,750 0 0
Nucor Corp COM 670346105 210 3,430 SH   SOLE   3,430 0 0
Nutrien Ltd COM 67077M108 759 16,065 SH   SOLE   16,065 0 0
Packaging Corp Amer COM 695156109 415 3,680 SH   SOLE   3,680 0 0
Pembina Pipeline Corp COM 706327103 352 11,280 SH   SOLE   11,280 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 187 13,235 SH   SOLE   13,235 0 0
PIONEER NAT RES CO COM 723787107 1,054 6,135 SH   SOLE   6,135 0 0
Rio Tinto PLC SPONSORED ADR 767204100 682 13,240 SH   SOLE   13,240 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 833 13,055 SH   SOLE   13,055 0 0
Schlumberger Ltd COM 806857108 1,043 16,099 SH   SOLE   16,099 0 0
Southern Copper Corp COM 84265V105 399 7,370 SH   SOLE   7,370 0 0
Steel Dynamics Inc COM 858119100 358 8,100 SH   SOLE   8,100 0 0
Suncor Energy Inc New COM 867224107 1,431 41,465 SH   SOLE   41,465 0 0
Total S A SPONSORED ADR 89151E109 1,069 21,998 SH   SOLE   21,998 0 0
Transcanada Corp COM 89353D107 949 22,951 SH   SOLE   22,951 0 0
Tyson Foods Inc CL A 902494103 219 2,990 SH   SOLE   2,990 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 296 13,700 SH   SOLE   13,700 0 0
UNITED STATES STL CORP NEW COM 912909108 429 12,180 SH   SOLE   12,180 0 0
Vale S A ADR 91912E105 825 64,825 SH   SOLE   64,825 0 0
Vulcan MATLS Co COM 929160109 343 3,005 SH   SOLE   3,005 0 0
Weatherford Intl PLC ORD SHS 947074100 300 130,860 SH   SOLE   130,860 0 0
Westrock Co COM 96145D105 765 11,924 SH   SOLE   11,924 0 0
Weyerhaeuser Co COM 962166104 697 19,900 SH   SOLE   19,900 0 0
Williams Cos Inc Del COM 969457100 407 16,350 SH   SOLE   16,350 0 0
Zoetis Inc CL A 98978V103 508 6,079 SH   SOLE   6,079 0 0