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        <name>ICE-ICE FUTURES LTD</name>
        <lei>N/A</lei>
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          <isin value="GB00H1K80P97"/>
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        <balance>30.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
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          <ticker value="LMAHDP"/>
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        <balance>16.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
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          <ticker value="LMZSDP"/>
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        <balance>17.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="NGF22"/>
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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="US9128286N55"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
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          <ticker value="KCH2"/>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>ICE FUTURES US</name>
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          <ticker value="CTH2"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ICE FUTURES US</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="HOF2"/>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="CH2"/>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912828B253"/>
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        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="BOF2"/>
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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>CHICAGO BOARD OF TRADE</name>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UST NOTES</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US912828TE09"/>
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        <balance>1990000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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          <ticker value="SMF2"/>
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        <balance>24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="CN2"/>
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        <balance>30.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 10/15/2024</title>
        <cusip>912828YL8</cusip>
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          <isin value="US912828YL86"/>
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        <balance>2065000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
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          <ticker value="SIZ1"/>
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        <balance>13.00000000</balance>
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        <curCd>USD</curCd>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912828XL95"/>
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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 05/19/22</title>
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        <identifiers>
          <ticker value="LMAHDP"/>
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        <balance>11.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-63814.38000000</valUSD>
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        <assetCat>DCO</assetCat>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
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          <ticker value="WH2"/>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
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          <ticker value="XBF2"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="KWZ1"/>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
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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="SBH2"/>
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            <payOffProf>Long</payOffProf>
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          <ticker value="SF2"/>
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      <invstOrSec>
        <name>UST NOTES</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
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          <ticker value="LMNIDP"/>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
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          <ticker value="BOH2"/>
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        <name>UST NOTES</name>
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          <isin value="US91282CAQ42"/>
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        <name>CHICAGO BOARD OF TRADE</name>
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        <name>UST NOTES</name>
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        <name>CHICAGO MERCANTILE EXCH INC</name>
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        <name>ICE FUTURES US</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCH INC</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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        <cusip>N/A</cusip>
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          <ticker value="LCG2"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1593.73000000</valUSD>
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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>LIVE CATTLE</issuerName>
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            <expDate>2022-02-28</expDate>
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            <unrealizedAppr>-1593.73000000</unrealizedAppr>
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      </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"/>
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        <balance>1838000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2087712.06000000</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>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>N/A</lei>
        <title>WTI CRUDE FUTURE JAN22 CLF2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CLF2"/>
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        <balance>71.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>671626.70000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>WTI CRUDE</issuerName>
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                  <other otherDesc="Internal" value="18B99H229"/>
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            </descRefInstrmnt>
            <expDate>2021-12-20</expDate>
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            <unrealizedAppr>671626.70000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>GOLD 100 OZ FUTR DEC21 GCZ1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GCZ1"/>
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        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-38382.07000000</valUSD>
        <pctVal>-0.07283897728</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>GOLD BULLION</issuerName>
                <issueTitle>GOLD BULLION</issueTitle>
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                  <other otherDesc="Internal" value="689994101"/>
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            </descRefInstrmnt>
            <expDate>2021-12-29</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>-38382.07000000</unrealizedAppr>
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        </derivativeInfo>
        <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>
        <title>NY HARB ULSD FUT MAY22 HOK2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HOK2"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>107333.70000000</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>
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                <issuerName>HEATING OIL</issuerName>
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                  <other otherDesc="Internal" value="13K99K223"/>
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            <expDate>2022-04-29</expDate>
            <notionalAmt>779038.50000000</notionalAmt>
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            <unrealizedAppr>107333.70000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII .375% 07/15/2023</title>
        <cusip>912828VM9</cusip>
        <identifiers>
          <isin value="US912828VM96"/>
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        <balance>2390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2973080.42000000</valUSD>
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        <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>
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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>UNITED STATES TREASURY BOND</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 2% 1/15/26</title>
        <cusip>912810FS2</cusip>
        <identifiers>
          <isin value="US912810FS25"/>
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        <balance>844000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1360325.47000000</valUSD>
        <pctVal>2.581536535374</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>USTN TII 0.125% 04/15/2025</title>
        <cusip>912828ZJ2</cusip>
        <identifiers>
          <isin value="US912828ZJ22"/>
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        <balance>1711000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1952993.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>SUGAR #11 (WORLD) FUT MAY22 SBK2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBK2"/>
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        <balance>48.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-9632.67000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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          <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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            <expDate>2022-04-29</expDate>
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      </invstOrSec>
      <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>913000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1524754.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
        <title>COPPER FUTURE MAY22 HGK2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HGK2"/>
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        <balance>8.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17053.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>N/A</lei>
        <title>WHEAT FUTURE(CBT) DEC21 W Z1</title>
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          <ticker value="WZ1"/>
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
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        <title>LME NICKEL CMDY FWD 05/18/22</title>
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            <payOffProf>Long</payOffProf>
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                <issuerName>NICKEL</issuerName>
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      <invstOrSec>
        <name>COMMODITY EXCHANGE INC</name>
        <lei>N/A</lei>
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          <ticker value="HGH2"/>
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              <counterpartyName>COMMODITY EXCHANGE INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>COPPER</issuerName>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
