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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Barrick Gold Corp COM 067901108 3,715 20,000 SH   SOLE   3,715 0 0
BHP Group PLC SPONSORED ADR 05544A109 323 5,900 SH   SOLE   323 0 0
BP PLC SPONSORED ADR 055622104 286 7,590 SH   SOLE   286 0 0
BRF SA SPONSORED ADR 10552T107 163 18,710 SH   SOLE   163 0 0
Bunge LTD COM G16962105 548 9,520 SH   SOLE   548 0 0
CANADIAN NATL RES LTD COM 136385101 586 18,110 SH   SOLE   586 0 0
Caterpillar Ord Shs COM 149123101 473 3,205 SH   SOLE   473 0 0
Chevron Corp New COM 166764100 239 1,985 SH   SOLE   239 0 0
Enbridge Inc COM 29250N105 437 10,990 SH   SOLE   437 0 0
EOG RES INC COM 26875P101 625 7,460 SH   SOLE   625 0 0
Exxon Mobil Corp COM 30231G102 306 4,390 SH   SOLE   306 0 0
FREEPORT-MCMORAN INC CL B 35671D857 207 15,800 SH   SOLE   207 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 258 3,790 SH   SOLE   258 0 0
Marathon Pete Corp COM 56585A102 625 10,378 SH   SOLE   625 0 0
MONDELEZ INTL INC CL A 609207105 227 4,119 SH   SOLE   227 0 0
Nabors Industries Ltd SHS 629568106 69 24,050 SH   SOLE   69 0 0
Newmont Goldcorp Corporation COM 651639106 1,070 24,627 SH   SOLE   1,070 0 0
Nutrien Ord Shs COM 67077M108 605 12,635 SH   SOLE   605 0 0
PIONEER NAT RES CO COM 723787107 285 1,880 SH   SOLE   285 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 316 5,360 SH   SOLE   316 0 0
Schlumberger Ltd COM 806857108 304 7,550 SH   SOLE   304 0 0
Suncor Energy Inc New COM 867224107 720 21,960 SH   SOLE   720 0 0
Total S A SPONSORED ADR 89151E109 269 4,860 SH   SOLE   269 0 0
TC Energy Corp COM 87807B107 654 12,275 SH   SOLE   654 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 137 23,530 SH   SOLE   137 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 219 35,000 SH   SOLE   219 0 0
Vale S A ADR 91912E105 143 10,850 SH   SOLE   143 0 0
Weyerhaeuser Co COM 962166104 283 9,360 SH   SOLE   283 0 0