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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="SX1"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="WU1"/>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US9128286N55"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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          <ticker value="KWN1"/>
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                <issuerName>WHEAT</issuerName>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912828QV50"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
        <title>LME ALUMINUM CMDY FWD 07/21/21</title>
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        <identifiers>
          <ticker value="LMAHDP"/>
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        <balance>880.00000000</balance>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912828B253"/>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>N/A</lei>
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          <ticker value="LMNIDP"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="SMN1"/>
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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>LONDON METAL EXCHANGE</name>
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        <name>COMMODITY EXCHANGE INC</name>
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        <name>ICE-ICE FUTURES LTD</name>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="CLX1"/>
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            <payOffProf>Long</payOffProf>
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                <issuerName>WTI CRUDE</issuerName>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
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          <ticker value="LCV1"/>
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        <fairValLevel>1</fairValLevel>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="CN1"/>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US91282CAQ42"/>
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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
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          <ticker value="SIN1"/>
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        <derivativeInfo>
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            <payOffProf>Long</payOffProf>
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                <issuerName>SILVER BULLION (1 OZ BAR)</issuerName>
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      <invstOrSec>
        <name>ICE-ICE FUTURES LTD</name>
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          <isin value="GB00H1K81907"/>
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      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
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          <isin value="US31635A1051"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US9128284H06"/>
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        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="NGN21"/>
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        <name>ICE-ICE FUTURES LTD</name>
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        <name>COMMODITY EXCHANGE INC</name>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>CHICAGO BOARD OF TRADE</name>
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            </descRefInstrmnt>
            <expDate>2021-09-14</expDate>
            <notionalAmt>12710047.31000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1081327.69000000</unrealizedAppr>
          </futrDeriv>
        </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 ZINC CMDY FWD 7/21/2021</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMZSDP"/>
        </identifiers>
        <balance>665.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1131794.30000000</valUSD>
        <pctVal>0.044515269932</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>ZINC</issuerName>
                <issueTitle>ZINC</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="02A99Q224"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-07-21</expDate>
            <notionalAmt>47525424.45000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1131794.30000000</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 ZINC CMDY FWD 11/15/2021</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LMZSDP"/>
        </identifiers>
        <balance>333.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>894466.61000000</valUSD>
        <pctVal>0.035180794416</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>ZINC</issuerName>
                <issueTitle>ZINC</issueTitle>
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                  <other otherDesc="Internal" value="02A99Q224"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-11-17</expDate>
            <notionalAmt>23581033.39000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>894466.61000000</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% 04/15/2026</title>
        <cusip>91282CCA7</cusip>
        <identifiers>
          <isin value="US91282CCA71"/>
        </identifiers>
        <balance>64481000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70922335.94000000</valUSD>
        <pctVal>2.789488274184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>GOLD 100 OZ FUTR JUN21 GCM1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GCM1"/>
        </identifiers>
        <balance>1701.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6099742.56000000</valUSD>
        <pctVal>0.239912576498</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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GOLD BULLION</issuerName>
                <issueTitle>GOLD BULLION</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="689994101"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-06-28</expDate>
            <notionalAmt>294586027.44000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>6099742.56000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>NATURAL GAS FUT SEP21 NGU21</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGU21"/>
        </identifiers>
        <balance>1512.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2621052.85000000</valUSD>
        <pctVal>0.103090177363</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>NATURAL GAS</issuerName>
                <issueTitle>NATURAL GAS</issueTitle>
                <identifiers>
                  <other otherDesc="Internal" value="13K99N227"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-08-27</expDate>
            <notionalAmt>42315587.15000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2621052.85000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .375% 07/15/2023</title>
        <cusip>912828VM9</cusip>
        <identifiers>
          <isin value="US912828VM96"/>
        </identifiers>
        <balance>134903000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163313391.03000000</valUSD>
        <pctVal>6.423375418441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES TREASURY BOND</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 2% 1/15/26</title>
        <cusip>912810FS2</cusip>
        <identifiers>
          <isin value="US912810FS25"/>
        </identifiers>
        <balance>46178000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72879132.19000000</valUSD>
        <pctVal>2.866452182972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <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 AUG21 LCQ1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCQ1"/>
        </identifiers>
        <balance>791.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>385507.51000000</valUSD>
        <pctVal>0.015162623516</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>
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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"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-08-31</expDate>
            <notionalAmt>37147442.49000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>385507.51000000</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 0.125% 04/15/2025</title>
        <cusip>912828ZJ2</cusip>
        <identifiers>
          <isin value="US912828ZJ22"/>
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        <balance>92542000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102746933.29000000</valUSD>
        <pctVal>4.041200304842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00125000</annualizedRt>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>COFFEE 'C' FUTURE JUL21 KCN1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KCN1"/>
        </identifiers>
        <balance>961.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3778422.88000000</valUSD>
        <pctVal>0.148611381435</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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>COFFEE</issuerName>
                <issueTitle>COFFEE</issueTitle>
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                  <other otherDesc="Internal" value="13K99X225"/>
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            <expDate>2021-07-20</expDate>
            <notionalAmt>47196620.87000000</notionalAmt>
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            <unrealizedAppr>3778422.88000000</unrealizedAppr>
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        </derivativeInfo>
        <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>LEAN HOGS FUTURE OCT21 LHV1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LHV1"/>
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        <balance>574.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1338624.37000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <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>2021-10-14</expDate>
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            <unrealizedAppr>1338624.37000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES TREASURY BOND</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 2.375% 1/15/25</title>
        <cusip>912810FR4</cusip>
        <identifiers>
          <isin value="US912810FR42"/>
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        <balance>61608000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101197802.97000000</valUSD>
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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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          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>SOYBEAN OIL FUTR DEC21 BOZ1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOZ1"/>
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        <balance>2151.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5011809.40000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <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>SOYBEAN OIL</issuerName>
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            <expDate>2021-12-14</expDate>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>SUGAR #11 (WORLD) FUT JUL21 SBN1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBN1"/>
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        <balance>4881.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7911311.94000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE FUTURES US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SUGAR</issuerName>
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                  <other otherDesc="Internal" value="13K99Y223"/>
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            </descRefInstrmnt>
            <expDate>2021-06-30</expDate>
            <notionalAmt>84913593.66000000</notionalAmt>
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            <unrealizedAppr>7911311.94000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-05-30</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>
