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        <cusip>N/A</cusip>
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          <ticker value="CLK0"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>WTI CRUDE</issuerName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMNIDP"/>
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        <balance>134.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-695068.90000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LONDON METAL EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>NICKEL</issuerName>
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                  <other otherDesc="Internal" value="EFD593000"/>
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            <expDate>2020-05-20</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .125% 1/15/22</title>
        <cusip>912828SA9</cusip>
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          <isin value="US912828SA95"/>
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        <balance>61975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69799980.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMAHDP"/>
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        <balance>302.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>LONDON METAL EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>ALUMINUM</issuerName>
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            <expDate>2020-05-20</expDate>
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            <unrealizedAppr>79313.30000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.5% 04/15/2024</title>
        <cusip>9128286N5</cusip>
        <identifiers>
          <isin value="US9128286N55"/>
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        <balance>51049000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52594043.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>WHEAT FUTURE(CBT) DEC19 W Z9</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WZ9"/>
        </identifiers>
        <balance>403.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>392155.61000000</valUSD>
        <pctVal>0.037583325151</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>WHEAT</issuerName>
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                  <other otherDesc="Internal" value="13K99T224"/>
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            </descRefInstrmnt>
            <expDate>2019-12-13</expDate>
            <notionalAmt>9859156.89000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>392155.61000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 04/15/2020</title>
        <cusip>912828K33</cusip>
        <identifiers>
          <isin value="US912828K338"/>
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        <balance>80088000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87278511.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
        <title>LME ALUMINUM CMDY FWD 01/15/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMAHDP"/>
        </identifiers>
        <balance>612.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>60674.80000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>LONDON METAL EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>ALUMINUM</issuerName>
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                  <other otherDesc="Internal" value="02A99P226"/>
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            <expDate>2020-01-15</expDate>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>GASOLINE RBOB FUT JAN20 XBF0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XBF0"/>
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        <balance>523.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>194831.71000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNLEADED GAS</issuerName>
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                  <other otherDesc="Internal" value="13K99M229"/>
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            <expDate>2019-12-31</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 04/15/2021</title>
        <cusip>912828Q60</cusip>
        <identifiers>
          <isin value="US912828Q608"/>
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        <balance>70297000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>WHEAT FUTURE(CBT) MAR20 W H0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WH0"/>
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        <balance>794.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>GOLD 100 OZ FUTR DEC19 GCZ9</title>
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        <identifiers>
          <ticker value="GCZ9"/>
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            <payOffProf>Long</payOffProf>
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                <issuerName>GOLD BULLION</issuerName>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LIVE CATTLE FUTR FEB20 LCG0</title>
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          <ticker value="LCG0"/>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="LMZSDP"/>
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        <balance>473.00000000</balance>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>ZINC</issuerName>
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            <expDate>2020-01-15</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>KC HRW WHEAT FUT DEC19 KWZ9</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWZ9"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-169146.22000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>WHEAT</issuerName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="LMZSDP"/>
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        <balance>169.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
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                <issuerName>ZINC</issuerName>
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        <securityLending>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912828UH1</cusip>
        <identifiers>
          <isin value="US912828UH11"/>
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        <balance>65263000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
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          <isin value="US912828B253"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73249788.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00625000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FIDELITY REVERE STREET TRUST</name>
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          <isin value="US31635A1051"/>
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        <balance>8699943.39300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912828QV5</cusip>
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          <isin value="US912828QV50"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00625000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 1.375% 1/15/20</title>
        <cusip>912828MF4</cusip>
        <identifiers>
          <isin value="US912828MF47"/>
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        <balance>28822000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34197668.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
        <title>LME NICKEL CMDY FWD 01/15/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMNIDP"/>
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        <balance>352.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1154229.20000000</valUSD>
        <pctVal>-0.11061877024</pctVal>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>LONDON METAL EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>LEAD</issuerName>
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                  <other otherDesc="Internal" value="15S994226"/>
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            <expDate>2020-01-15</expDate>
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            <unrealizedAppr>-1154229.20000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 1.25% 7/15/20</title>
        <cusip>912828NM8</cusip>
        <identifiers>
          <isin value="US912828NM88"/>
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        <balance>44666000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52934488.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .125% 7/15/22</title>
        <cusip>912828TE0</cusip>
        <identifiers>
          <isin value="US912828TE09"/>
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        <balance>65003000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72415166.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>KC HRW WHEAT FUT MAR20 KWH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWH0"/>
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        <balance>164.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>99456.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>WHEAT</issuerName>
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            <expDate>2020-03-13</expDate>
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        <securityLending>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>SUGAR FUT MAR20 SBH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBH0"/>
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        <balance>2195.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1438456.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>SUGAR</issuerName>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LIVE CATTLE FUTR APR20 LCJ0</title>
        <cusip>N/A</cusip>
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          <ticker value="LCJ0"/>
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        <balance>259.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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        <securityLending>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LEAN HOGS FUTURE FEB20 LHG0</title>
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          <ticker value="LHG0"/>
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        <balance>247.00000000</balance>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="HOF0"/>
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        <valUSD>-551367.10000000</valUSD>
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        <assetCat>DCO</assetCat>
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            <payOffProf>Long</payOffProf>
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            <expDate>2019-12-31</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LIVE CATTLE FUTR JUN20 LCM0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCM0"/>
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        <balance>276.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1048015.13000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CHICAGO MERCANTILE EXCH INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
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              </otherRefInst>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CLF0"/>
        </identifiers>
        <balance>664.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-803620.19000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>WTI CRUDE</issuerName>
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                  <other otherDesc="Internal" value="18B99H229"/>
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            <expDate>2019-12-19</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>CORN FUTURE JUL20 C N0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CN0"/>
        </identifiers>
        <balance>963.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1568373.36000000</valUSD>
        <pctVal>-0.15030942933</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CORN</issuerName>
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                  <other otherDesc="Internal" value="13K99Q220"/>
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            <expDate>2020-07-14</expDate>
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            <unrealizedAppr>-1568373.36000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>CORN FUTURE MAR20 C H0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CH0"/>
        </identifiers>
        <balance>1583.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1047.20000000</valUSD>
        <pctVal>0.000100361328</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CORN</issuerName>
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                  <other otherDesc="Internal" value="13K99Q220"/>
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            </descRefInstrmnt>
            <expDate>2020-03-13</expDate>
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            <unrealizedAppr>1047.20000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LEAN HOGS FUTURE APR20 LHJ0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LHJ0"/>
        </identifiers>
        <balance>210.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>90477.98000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CHICAGO MERCANTILE EXCH INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>LEAN HOGS</issuerName>
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                  <other otherDesc="Internal" value="13K99L221"/>
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            <expDate>2020-04-15</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>SOYBEAN MEAL FUT JAN20 SMF0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMF0"/>
        </identifiers>
        <balance>784.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>583523.54000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SOYBEAN MEAL</issuerName>
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                  <other otherDesc="Internal" value="15T99L227"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-01-14</expDate>
            <notionalAmt>23477436.46000000</notionalAmt>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>COFFEE 'C' FUTURE MAR20 KCH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KCH0"/>
        </identifiers>
        <balance>419.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1038186.16000000</valUSD>
        <pctVal>0.099497462294</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COFFEE</issuerName>
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                  <other otherDesc="Internal" value="13K99X225"/>
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            </descRefInstrmnt>
            <expDate>2020-03-19</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE-ICE FUTURES LTD</name>
        <lei>N/A</lei>
        <title>LOW SU GASOIL G FUT JAN20 QSF0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H1K7ZQ24"/>
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        <balance>618.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1204365.39000000</valUSD>
        <pctVal>-0.11542371165</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE-ICE FUTURES LTD</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GAS OIL</issuerName>
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                  <other otherDesc="Internal" value="06C99B226"/>
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            <expDate>2020-01-10</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>COTTON NO.2 FUTR DEC19 CTZ9</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CTZ9"/>
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        <balance>228.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>COTTON</issuerName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>SILVER BULLION (1 OZ = 1 SHR) FUT December/19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SIZ9"/>
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        <balance>486.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
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        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SILVER BULLION (1 OZ BAR)</issuerName>
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                  <other otherDesc="Internal" value="837996925"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE-ICE FUTURES LTD</name>
        <lei>N/A</lei>
        <title>BRENT CRUDE FUTR MAR20 COH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H1JWR517"/>
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        <balance>1404.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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                <issuerName>BRENT CRUDE OIL</issuerName>
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            <expDate>2020-01-31</expDate>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 04/15/2022</title>
        <cusip>912828X39</cusip>
        <identifiers>
          <isin value="US912828X398"/>
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        <balance>70304000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 10/15/2024</title>
        <cusip>912828YL8</cusip>
        <identifiers>
          <isin value="US912828YL86"/>
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        <balance>27200000.00000000</balance>
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        <issuerCat>UST</issuerCat>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>NATURAL GAS FUT MAY20 NGK20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGK20"/>
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        <balance>718.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NATURAL GAS</issuerName>
                <issueTitle>NATURAL GAS</issueTitle>
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                  <other otherDesc="Internal" value="13K99N227"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-04-28</expDate>
            <notionalAmt>16095770.22000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>576189.78000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>COPPER FUTURE MAR20 HGH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HGH0"/>
        </identifiers>
        <balance>852.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-917425.66000000</valUSD>
        <pctVal>-0.08792404342</pctVal>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>COMMODITY EXCHANGE INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COPPER</issuerName>
                <issueTitle>COPPER</issueTitle>
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                  <other otherDesc="Internal" value="13K99R228"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-27</expDate>
            <notionalAmt>57298525.66000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-917425.66000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .375% 07/15/2023</title>
        <cusip>912828VM9</cusip>
        <identifiers>
          <isin value="US912828VM96"/>
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        <balance>65542000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72869920.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <identifiers>
          <isin value="US9128284H06"/>
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        <balance>70367000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73411705.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>SOYBEANS FUT JAN20 S F0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SF0"/>
        </identifiers>
        <balance>1288.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1874774.42000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SOYBEANS</issuerName>
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                  <other otherDesc="Internal" value="13K99S226"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-01-14</expDate>
            <notionalAmt>58162125.58000000</notionalAmt>
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            <unrealizedAppr>1874774.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>SOYBEAN OIL FUT JAN20 BOF0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOF0"/>
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        <balance>1341.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1186509.58000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SOYBEAN OIL</issuerName>
                <issueTitle>SOYBEAN OIL</issueTitle>
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                  <other otherDesc="Internal" value="13K99P222"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-01-14</expDate>
            <notionalAmt>23731952.42000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1186509.58000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>COTTON NO.2 FUTR MAR20 CTH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CTH0"/>
        </identifiers>
        <balance>158.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-14126.02000000</valUSD>
        <pctVal>-0.00135380647</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COTTON</issuerName>
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                  <other otherDesc="Internal" value="13K99W227"/>
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            </descRefInstrmnt>
            <expDate>2020-03-09</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>NATURAL GAS FUT JAN20 NGF20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGF20"/>
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        <balance>1919.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2643504.72000000</valUSD>
        <pctVal>0.253347637770</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NATURAL GAS</issuerName>
                <issueTitle>NATURAL GAS</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="13K99N227"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2019-12-27</expDate>
            <notionalAmt>49783575.28000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2643504.72000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 07/15/2024</title>
        <cusip>912828WU0</cusip>
        <identifiers>
          <isin value="US912828WU04"/>
        </identifiers>
        <balance>65450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70788569.31000000</valUSD>
        <pctVal>6.784219706583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
