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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CLH0"/>
        </identifiers>
        <balance>381.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2213999.64000000</valUSD>
        <pctVal>-0.26448302366</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>WTI CRUDE</issuerName>
                <issueTitle>WTI CRUDE</issueTitle>
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                  <other otherDesc="Internal" value="18B99H229"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-02-20</expDate>
            <notionalAmt>21858359.64</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2213999.64</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>SILVER FUTURE MAR20 SIH0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SIH0"/>
        </identifiers>
        <balance>367.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1934774.01000000</valUSD>
        <pctVal>0.231126903104</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>COMMODITY EXCHANGE INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SILVER BULLION (1 OZ BAR)</issuerName>
                <issueTitle>SILVER BULLION (1 OZ = 1 SHR)</issueTitle>
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                  <other otherDesc="Internal" value="837996925"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-27</expDate>
            <notionalAmt>31117245.99</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1934774.01</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>KC HRW WHEAT FUT SEP20 KWU0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWU0"/>
        </identifiers>
        <balance>180.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>146965.13000000</valUSD>
        <pctVal>0.017556363268</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>WHEAT</issuerName>
                <issueTitle>WHEAT</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="13K99T224"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-14</expDate>
            <notionalAmt>4251784.87</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>146965.13</unrealizedAppr>
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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>GASOLINE RBOB FUT SEP20 XBU0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XBU0"/>
        </identifiers>
        <balance>175.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1089376.00000000</valUSD>
        <pctVal>-0.13013618122</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>
              <indexBasketInfo>
                <indexName>REFORMULATED 84 OCT OXG INDEX</indexName>
                <indexIdentifier>34T99S223</indexIdentifier>
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            </descRefInstrmnt>
            <expDate>2020-08-31</expDate>
            <notionalAmt>12765586</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1089376</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 MAY20 HGK0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HGK0"/>
        </identifiers>
        <balance>694.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1306593.44000000</valUSD>
        <pctVal>-0.15608484186</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>COMMODITY EXCHANGE INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COPPER</issuerName>
                <issueTitle>COPPER</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="13K99R228"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-05-27</expDate>
            <notionalAmt>45080643.44</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1306593.44</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
        <title>LME NICKEL CMDY FWD 05/20/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMNIDP"/>
        </identifiers>
        <balance>196.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>207345.40000000</valUSD>
        <pctVal>0.024769352868</pctVal>
        <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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NICKEL</issuerName>
                <issueTitle>NICKEL</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="02A99U225"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-05-20</expDate>
            <notionalAmt>14926598.6</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>207345.4</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE-ICE FUTURES LTD</name>
        <lei>N/A</lei>
        <title>BRENT CRUDE FUTR MAY20 COK0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H1JWR954"/>
        </identifiers>
        <balance>1033.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7524041.61000000</valUSD>
        <pctVal>-0.89881734360</pctVal>
        <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>ICE-ICE FUTURES LTD</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BRENT CRUDE OIL</issuerName>
                <issueTitle>BRENT CRUDE OIL</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="06C99A228"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>65805901.61</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7524041.61</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
        <title>LME ALUMINUM CMDY FWD 07/15/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMAHDP"/>
        </identifiers>
        <balance>282.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-374919.70000000</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>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ALUMINUM</issuerName>
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                  <other otherDesc="Internal" value="02A99P226"/>
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            <expDate>2020-07-15</expDate>
            <notionalAmt>12657782.2</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-374919.7</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .125 1/15/23</title>
        <cusip>912828UH1</cusip>
        <identifiers>
          <isin value="US912828UH11"/>
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        <balance>47001000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52751716.36000000</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>2023-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00125000</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>CORN FUTURE JUL20 C N0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CN0"/>
        </identifiers>
        <balance>890.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-667607.55000000</valUSD>
        <pctVal>-0.07975198380</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <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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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>CORN FUTURE MAY20 C K0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CK0"/>
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        <balance>536.00000000</balance>
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        <valUSD>-28482.57000000</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>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>CORN</issuerName>
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                  <other otherDesc="Internal" value="13K99Q220"/>
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            <expDate>2020-05-14</expDate>
            <notionalAmt>10386682.57</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SK0"/>
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        <balance>198.00000000</balance>
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        <assetCat>DCO</assetCat>
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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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                <issuerName>SOYBEANS</issuerName>
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            <expDate>2020-05-14</expDate>
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        <securityLending>
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      <invstOrSec>
        <name>UNITED STATES TREASURY BOND</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810FR4</cusip>
        <identifiers>
          <isin value="US912810FR42"/>
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        <balance>23841000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36703348.46000000</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>2025-01-15</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>
        <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>50651000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53686663.45000000</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>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00125000</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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          <ticker value="LMAHDP"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UST NOTES</name>
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      <invstOrSec>
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          <ticker value="KCK0"/>
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      <invstOrSec>
        <name>FIDELITY REVERE STREET TRUST</name>
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        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
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          <ticker value="GCJ0"/>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>COMMODITY EXCHANGE INC</name>
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          <ticker value="HGN0"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="SMH0"/>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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          <ticker value="LMZSDP"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NEW YORK MERCANTILE EXCHANGE</name>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>NEW YORK MERCANTILE EXCHANGE</name>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>UST NOTES</name>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912828K338"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>98.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-434327.80000000</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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            <payOffProf>Long</payOffProf>
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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="NGH20"/>
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        <balance>563.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.25% 01/15/2025</title>
        <cusip>912828H45</cusip>
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          <isin value="US912828H458"/>
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        <balance>47197000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ICE-ICE FUTURES LTD</name>
        <lei>N/A</lei>
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          <isin value="GB00H1K81238"/>
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        <balance>377.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>ICE-ICE FUTURES LTD</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>GAS OIL</issuerName>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBK0"/>
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        <curCd>USD</curCd>
        <valUSD>140251.91000000</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>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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        <securityLending>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="CTK0"/>
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        <balance>383.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMK0"/>
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        <balance>599.00000000</balance>
        <units>NC</units>
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        <assetCat>DCO</assetCat>
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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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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="CLK0"/>
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        <assetCat>DCO</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="BOK0"/>
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        <fairValLevel>1</fairValLevel>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="CU0"/>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="WU0"/>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <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>
      <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>50591000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54784242.78000000</valUSD>
        <pctVal>6.544491660126</pctVal>
        <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>
          <annualizedRt>0.00125000</annualizedRt>
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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 MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LIVE CATTLE FUTR JUN20 LCM0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCM0"/>
        </identifiers>
        <balance>254.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-609490.71000000</valUSD>
        <pctVal>-0.07280938215</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 MERCANTILE EXCH INC</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LIVE CATTLE</issuerName>
                <issueTitle>LIVE CATTLE</issueTitle>
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                  <other otherDesc="Internal" value="13K99V229"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-06-30</expDate>
            <notionalAmt>11945510.71</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-609490.71</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 0.625% 01/15/2024</title>
        <cusip>912828B25</cusip>
        <identifiers>
          <isin value="US912828B253"/>
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        <balance>47153000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53636019.01000000</valUSD>
        <pctVal>6.407325560799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LIVE CATTLE FUTR APR20 LCJ0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCJ0"/>
        </identifiers>
        <balance>613.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-806239.91000000</valUSD>
        <pctVal>-0.09631291954</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 MERCANTILE EXCH INC</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LIVE CATTLE</issuerName>
                <issueTitle>LIVE CATTLE</issueTitle>
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                  <other otherDesc="Internal" value="13K99V229"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-04-30</expDate>
            <notionalAmt>30150549.91</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-806239.91</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 1.25% 7/15/20</title>
        <cusip>912828NM8</cusip>
        <identifiers>
          <isin value="US912828NM88"/>
        </identifiers>
        <balance>32202000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38242657.67000000</valUSD>
        <pctVal>4.568444163542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>NY HARB ULSD FUT MAY20 HOK0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HOK0"/>
        </identifiers>
        <balance>289.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-524570.89000000</valUSD>
        <pctVal>-0.06266491313</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>HEATING OIL</issuerName>
                <issueTitle>HEATING OIL</issueTitle>
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                  <other otherDesc="Internal" value="13K99K223"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-04-30</expDate>
            <notionalAmt>20379911.29</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-524570.89</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>KC HRW WHEAT FUT MAY20 KWK0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWK0"/>
        </identifiers>
        <balance>185.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-223054.97000000</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>WHEAT</issuerName>
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                  <other otherDesc="Internal" value="13K99T224"/>
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            <expDate>2020-05-14</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>SOYBEAN FUTURE NOV20 S X0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SX0"/>
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        <balance>690.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1022242.84000000</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>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>SOYBEANS</issuerName>
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                  <other otherDesc="Internal" value="13K99S226"/>
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            <expDate>2020-11-13</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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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        <curCd>USD</curCd>
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        <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>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.625% 07/15/21</title>
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          <isin value="US912828QV50"/>
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        <curCd>USD</curCd>
        <valUSD>46542801.53000000</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>2021-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>LEAN HOGS FUTURE OCT20 LHV0</title>
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        <identifiers>
          <ticker value="LHV0"/>
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        <balance>193.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <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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            <expDate>2020-10-14</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-03-01</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>
</edgarSubmission>
