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 798 3,598 SH   SOLE   3,598 0 0
Albemarle Corp COM 012653101 207 2,970 SH   SOLE   2,970 0 0
ALCOA CORP COM 032511107 301 15,000 SH   SOLE   15,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 203 14,260 SH   SOLE   14,260 0 0
Archer Daniels Midland Co COM 039483102 434 10,569 SH   SOLE   10,569 0 0
ATLANTICA YIELD PLC SHS G0751N103 313 13,000 SH   SOLE   13,000 0 0
Barrick Gold Corp COM 067901108 1,546 89,261 SH   SOLE   89,261 0 0
BHP Group PLC SPONSORED ADR 05544A109 464 9,400 SH   SOLE   9,400 0 0
BP PLC SPONSORED ADR 055622104 1,555 40,940 SH   SOLE   40,940 0 0
BRF SA SPONSORED ADR 10552T107 239 26,074 SH   SOLE   26,074 0 0
Bunge LTD COM G16962105 1,164 20,565 SH   SOLE   20,565 0 0
CANADIAN NATL RY CO COM 136375102 704 7,830 SH   SOLE   7,830 0 0
CANADIAN NATL RES LTD COM 136385101 909 34,133 SH   SOLE   34,133 0 0
Caterpillar Ord Shs COM 149123101 438 3,469 SH   SOLE   3,469 0 0
CF INDS HLDGS INC COM 125269100 302 12,227 SH   SOLE   12,227 0 0
Cheniere Energy Inc COM NEW 16411R208 429 6,808 SH   SOLE   6,808 0 0
Chevron Corp New COM 166764100 654 5,515 SH   SOLE   5,515 0 0
Corteva Inc COM 22052L104 240 8,557 SH   SOLE   8,557 0 0
Deere & Co COM 244199105 965 5,720 SH   SOLE   5,720 0 0
Dow Inc COM 260557103 402 8,427 SH   SOLE   8,427 0 0
DuPont de Nemours Inc COM 26614N102 583 8,177 SH   SOLE   8,177 0 0
Enbridge Inc COM 29250N105 871 24,809 SH   SOLE   24,809 0 0
EOG RES INC COM 26875P101 772 10,402 SH   SOLE   10,402 0 0
Exxon Mobil Corp COM 30231G102 401 5,682 SH   SOLE   5,682 0 0
FREEPORT-MCMORAN INC CL B 35671D857 245 25,637 SH   SOLE   25,637 0 0
INTL PAPER CO COM 460146103 351 8,381 SH   SOLE   8,381 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 603 4,532 SH   SOLE   4,532 0 0
KINDER MORGAN INC DEL COM 49456B101 655 7,320 SH   SOLE   7,320 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 948 15,610 SH   SOLE   15,610 0 0
Marathon Pete Corp COM 56585A102 394 7,119 SH   SOLE   7,119 0 0
MONDELEZ INTL INC CL A 609207105 880 47,050 SH   SOLE   47,050 0 0
Nabors Industries Ltd SHS 629568106 1,678 44,237 SH   SOLE   44,237 0 0
Newmont Goldcorp Corporation COM 651639106 208 9,280 SH   SOLE   9,280 0 0
Noble Energy Inc COM 655044105 913 18,311 SH   SOLE   18,311 0 0
Nutrien Ord Shs COM 67077M108 323 3,048 SH   SOLE   3,048 0 0
Packaging Corp Amer COM 695156109 629 5,003 SH   SOLE   5,003 0 0
Pembina Pipeline Corp COM 706327103 215 4,558 SH   SOLE   4,558 0 0
PIONEER NAT RES CO COM 723787107 600 11,510 SH   SOLE   11,510 0 0
POSCO SPONSORED ADR 693483109 943 16,025 SH   SOLE   16,025 0 0
Rio Tinto PLC SPONSORED ADR 767204100 365 10,675 SH   SOLE   10,675 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,258 39,846 SH   SOLE   39,846 0 0
Schlumberger Ltd COM 806857108 760 14,620 SH   SOLE   14,620 0 0
Suncor Energy Inc New COM 867224107 1,154 22,275 SH   SOLE   22,275 0 0
Total S A SPONSORED ADR 89151E109 202 35,000 SH   SOLE   35,000 0 0
TC Energy Corp COM 87807B107 251 2,910 SH   SOLE   2,910 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 292 65,243 SH   SOLE   65,243 0 0
TYSON FOODS INC CL A 902494103 173 14,940 SH   SOLE   14,940 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 533 46,380 SH   SOLE   46,380 0 0
UNITED STATES STL CORP NEW COM 912909108 349 9,586 SH   SOLE   9,586 0 0
Vale S A ADR 91912E105 624 22,517 SH   SOLE   22,517 0 0
Westrock Co COM 96145D105 740 5,939 SH   SOLE   5,939 0 0
Weyerhaeuser Co COM 962166104 656 24,887 SH   SOLE   24,887 0 0
Zoetis Inc CL A 98978V103 674 5,939 SH   SOLE   5,939 0 0