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        <name>ROYAL BANK OF CANADA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>CITIBANK, N.A.</name>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>CITIBANK, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>MACQUARIE BANK LTD</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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          <ticker value="WZ9"/>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <name>UBS AG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMORGAN CHASE BANK NA NEW YORK NY</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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      <invstOrSec>
        <name>MACQUARIE BANK LTD</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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      <invstOrSec>
        <name>MACQUARIE BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG</name>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SG @BCOMTR LG CM SWAP 01/08/20</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="FBG708000"/>
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        <balance>58000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SOCIETE GENERALE</counterpartyName>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="BOF0"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="SMF0"/>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>SOYBEAN MEAL</issuerName>
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      <invstOrSec>
        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>GS @BCOMTR LG CM SWAP 12/12/19</title>
        <cusip>N/A</cusip>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CIBC@BCOMTR LG CM SWAP 01/24/20</title>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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        <title>LIVE CATTLE FUTR DEC19 LCZ9</title>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CIBC@BCOMTR LG CM SWAP 12/16/19</title>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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          <ticker value="CZ9"/>
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        <fairValLevel>1</fairValLevel>
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            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>CORN</issuerName>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL GROUP, INC</name>
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        <cusip>N/A</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="EHJ364000"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SG @BCOMTR LG CM SWAP 12/12/19</title>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>SOCIETE GENERALE</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>CITI @BCOMTR LG CM SWAP 11/25/19</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="EIE522000"/>
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        <balance>108000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-155352.76000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CITIBANK, N.A.</counterpartyName>
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        <securityLending>
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      <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>527.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2356955.66000000</valUSD>
        <pctVal>0.029977454413</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>SILVER BULLION (1 OZ BAR)</issuerName>
                <issueTitle>SILVER BULLION (1 OZ = 1 SHR)</issueTitle>
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            <expDate>2019-12-27</expDate>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS @BCOMTR LG CM SWAP 11/08/2019</title>
        <cusip>N/A</cusip>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>BARC @BCOMTR LG CM SWAP 12/16/19</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="FAB423000"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CIBC@BCOMTR LG CM SWAP 02/14/20</title>
        <cusip>N/A</cusip>
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        <balance>123000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CIBC@BCOMTR LG CM SWAP 11/12/19</title>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
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        <name>JPMORGAN CHASE BANK NA NEW YORK NY</name>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
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        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMORGAN CHASE BANK NA NEW YORK NY</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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          <other otherDesc="Internal" value="FCE908000"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MACQUARIE BANK LTD</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <name>MACQUARIE BANK LTD</name>
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        <name>MACQUARIE BANK LTD</name>
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        <name>JPMORGAN CHASE BANK NA NEW YORK NY</name>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>BBG COMMODITY INDEX</indexName>
                <indexIdentifier>EI09DJUBSTR</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="US AUCTION RESULTS 3M TBILL HD" floatingRtSpread="0.00130000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2020-01-29</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>70000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>356370.39000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>CITI @BCOMTR LG CM SWAP 12/04/19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="FBG705000"/>
        </identifiers>
        <balance>40000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>203859.40000000</valUSD>
        <pctVal>0.002592830223</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK, N.A.</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>BBG COMMODITY INDEX</indexName>
                <indexIdentifier>EI09DJUBSTR</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="US AUCTION RESULTS 3M TBILL HD" floatingRtSpread="0.00120000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2019-12-04</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>40000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>203859.40000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MACQUARIE BANK LTD</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MCQ @BCOMTR LG CM SWAP 02/13/20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="FBI241000"/>
        </identifiers>
        <balance>88000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1010534.16000000</valUSD>
        <pctVal>0.012852699025</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MACQUARIE BANK LTD</counterpartyName>
              <counterpartyLei>4ZHCHI4KYZG2WVRT8631</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>BBG COMMODITY INDEX</indexName>
                <indexIdentifier>EI09DJUBSTR</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="US AUCTION RESULTS 3M TBILL HD" floatingRtSpread="0.00090000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2020-02-13</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>88000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1010534.16000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <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>
