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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
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          <ticker value="GCZ0"/>
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        <fairValLevel>1</fairValLevel>
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        <name>LONDON METAL EXCHANGE</name>
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          <ticker value="LMZSDP"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UST BILLS</name>
        <lei>N/A</lei>
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          <isin value="US912796TD16"/>
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        <balance>800000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
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          <ticker value="CTZ0"/>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="NGU20"/>
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        <balance>89.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UST BILLS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="SIU0"/>
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        <name>ICE-ICE FUTURES LTD</name>
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        <name>ICE-ICE FUTURES LTD</name>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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              <counterpartyName>CHICAGO MERCANTILE EXCH INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>LEAN HOGS</issuerName>
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            <expDate>2020-10-14</expDate>
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            <unrealizedAppr>-760.72000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
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          <ticker value="CLU0"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>370989.93000000</valUSD>
        <pctVal>1.669981815344</pctVal>
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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>
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                <issuerName>WTI CRUDE</issuerName>
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            <expDate>2020-08-20</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>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMZ0"/>
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        <balance>26.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2776.95000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <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>SOYBEAN MEAL</issuerName>
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            <expDate>2020-12-14</expDate>
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            <unrealizedAppr>-2776.95000000</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>KC HRW WHEAT FUT SEP20 KWU0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWU0"/>
        </identifiers>
        <balance>15.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20840.24000000</valUSD>
        <pctVal>-0.09381069137</pctVal>
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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>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>WHEAT</issuerName>
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                  <other otherDesc="Internal" value="13K99T224"/>
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            </descRefInstrmnt>
            <expDate>2020-09-14</expDate>
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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="XBU0"/>
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        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6765.74000000</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>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>REFORMULATED 84 OCT OXG INDEX</indexName>
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            <expDate>2020-08-31</expDate>
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        <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 09/16/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMAHDP"/>
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        <balance>23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>51049.37000000</valUSD>
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        <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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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-16</expDate>
            <notionalAmt>924581.88000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>51049.37000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>COPPER FUTURE SEP20 HGU0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HGU0"/>
        </identifiers>
        <balance>24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>155790.97000000</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>COMMODITY EXCHANGE INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COPPER</issuerName>
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                  <other otherDesc="Internal" value="13K99R228"/>
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            </descRefInstrmnt>
            <expDate>2020-09-28</expDate>
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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 NICKEL CMDY FWD 09/16/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMNIDP"/>
        </identifiers>
        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>41197.52000000</valUSD>
        <pctVal>0.185447376529</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NICKEL</issuerName>
                <issueTitle>NICKEL</issueTitle>
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                  <other otherDesc="Internal" value="02A99U225"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-16</expDate>
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        </derivativeInfo>
        <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>
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        <identifiers>
          <ticker value="SBV0"/>
        </identifiers>
        <balance>48.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>26261.14000000</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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                <issuerName>SUGAR</issuerName>
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                  <other otherDesc="Internal" value="13K99Y223"/>
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            <expDate>2020-09-30</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-08-30</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>
</edgarSubmission>
