NPORT-P false 0000844779 XXXXXXXX S000033601 C000103251 C000103250 C000103252 C000198241 BlackRock Funds 811-05742 0000844779 549300OZUEVJZHOBFP42 100 Bellevue Parkway Wilmington 19809 800-441-7762 BlackRock Commodity Strategies Fund S000033601 P7WNZ2Q36SS1IIU5DB52 2020-07-31 2019-10-31 N 210818475.12 10032596.63 200785878.49 0 4496344.28 0 0 0 0 0 0 0 0 375327.15 0 0 3526733.38 USD N Marel HF 5299008YTLEN09WTHW26 000000000 211696.00000000 NS 982194.64000000 0.489175158824 Long EC CORP IS N 1 N N N PureCircle Ltd 213800K2PU757HGDAW11 000000000 297873.00000000 NS 506236.32000000 0.252127452292 Long EC CORP MY N 1 N N N BHP Group PLC 549300C116EOWV835768 000000000 144594.00000000 NS 3066925.10000000 1.527460558015 Long EC CORP AU N 2 N N N Nickel Mines Ltd N/A 000000000 562825.00000000 NS 247028.20000000 0.123030664236 Long EC CORP AU N 2 N N N Newmont Goldcorp Corp 549300VSP3RIX7FGDZ51 651639106 94749.00000000 NS USD 3764377.77000000 1.874821973691 Long EC CORP US N 1 N N N B2Gold Corp 549300F7OK456M5NLM05 11777Q209 162423.00000000 NS 570965.37000000 0.284365302128 Long EC CORP CA N 1 N N N Alamos Gold Inc 549300TDOX73YGYXE959 011532108 64508.00000000 NS 351167.23000000 0.174896378490 Long EC CORP CA N 1 N N N Lundin Mining Corp 549300FQDIM6C8HTN269 550372106 93347.00000000 NS 471306.32000000 0.234730810525 Long EC CORP CA N 1 N N N Gold Road Resources Ltd 213800HJWH96TDEMNY83 000000000 52399.00000000 NS 41115.65000000 0.020477361410 Long EC CORP AU N 2 N N N STILLCANNA INC. 4 MO LOCK UP N/A 000000000 220464.00000000 NC 1.67000000 0.000000831731 N/A DE CORP CA N 3 STILLCANNA INC. 4 MO LOCK UP N/A Call Purchased STILLCANNA INC. STILLCANNA INC. 1.00000000 1.73 CAD 2020-04-25 XXXX 1.29 N N N Kerry Group PLC 635400TLVVBNXLFHWC59 000000000 12681.00000000 NS 1533113.69000000 0.763556531729 Long EC CORP IE N 1 N N N Lundin Petroleum AB 549300IULC8F8IGXKI15 000000000 7950.00000000 NS 263288.62000000 0.131129052491 Long EC CORP SE N 2 N N N TOTAL SA 529900S21EQ1BO4ESM68 000000000 48922.00000000 NS 2586419.58000000 1.288148150383 Long EC CORP FR N 2 N N N Ocado Group PLC 213800LO8F61YB8MBC74 000000000 51934.00000000 NS 895151.80000000 0.445824082217 Long EC CORP GB N 2 N N N GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 000000000 1.00000000 NC USD -72637.73000000 -0.03617671249 N/A DCO CORP GB N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2019-12-14 0 USD 0 USD 10373 USD -72637.73 N N N Calavo Growers Inc N/A 128246105 10557.00000000 NS USD 915608.61000000 0.456012453109 Long EC CORP US N 1 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD 59435.61000000 0.029601489132 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-07-03 0 USD 0 USD 24168 USD 59435.61 N N N ROYAL DUTCH SHELL PLC 21380068P1DRHMJ8KU70 000000000 136642.00000000 NS 3961002.52000000 1.972749552801 Long EC CORP NL N 2 N N N FMC Corp CKDHZ2X64EEBQCSP7013 302491303 18348.00000000 NS USD 1678842.00000000 0.836135495496 Long EC CORP US N 1 N N N Robertet SA 969500EUEC3HIYQOCS92 000000000 985.00000000 NS 889841.85000000 0.443179498823 Long EC CORP FR N 1 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD 44566.68000000 0.022196122722 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT AGRICULTURE BLOOMBERG ROLL SELECT AGRICULTURE Y Performance Leg 2020-09-25 0 USD 0 USD 8337 USD 44566.68 N N N ERO Copper Corp 549300KL8A21SEIO8I47 296006109 27674.00000000 NS 345846.21000000 0.172246281760 Long EC CORP CA N 1 N N N StillCanna Inc 529900T8WMFF7VP5QO37 86071P107 440928.00000000 NS 130561.02000000 0.065025001251 Long EC CORP CA N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 30231G102 39245.00000000 NS USD 2651784.65000000 1.320702765524 Long EC CORP US N 1 N N N Sundial Growers Inc 549300O3OT13PHMLHI97 86730L109 36936.00000000 NS USD 120042.00000000 0.059786077040 Long EC CORP CA N 1 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD -17776.87000000 -0.00885364555 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT PRECIOUS METALS BLOOMBERG ROLL SELECT PRECIOUS METALS Y Performance Leg 2020-09-25 0 USD 0 USD 2205 USD -17776.87 N N N OZ Minerals Ltd 529900O2VBT5CL7EZT27 000000000 69240.00000000 NS 483118.35000000 0.240613709307 Long EC CORP AU N 2 N N N Delivery Hero SE 529900C3EX1FZGE48X78 000000000 12518.00000000 NS 587378.31000000 0.292539651900 Long EC CORP DE N 2 N N N KAZ Minerals PLC 2138001H9E453FQRFY56 000000000 41683.00000000 NS 254738.53000000 0.126870740071 Long EC CORP GB N 2 N N N Koninklijke DSM NV 724500SNT1MK246AHP04 000000000 8627.00000000 NS 1023921.58000000 0.509956968936 Long EC CORP NL N 2 N N N Newcrest Mining Ltd 5299006MN50OZJUJI655 000000000 90982.00000000 NS 1985988.09000000 0.989107453639 Long EC CORP AU N 2 N N N Umicore SA 529900F3AIQECS8ZSV61 000000000 8172.00000000 NS 337340.21000000 0.168009928057 Long EC CORP BE N 2 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796RM3 16000000.00000000 PA USD 15995754.24000000 7.966573326916 Long DBT UST US N 2 2019-11-07 None 0.00000000 N N N N N N Tyson Foods Inc WD6L6041MNRW1JE49D58 902494103 18808.00000000 NS USD 1557114.32000000 0.775509877343 Long EC CORP US N 1 N N N CAIRN ENERGY PLC 213800ZJEUQ8ZOC9AL24 000000000 131667.00000000 NS 304222.93000000 0.151516098785 Long EC CORP GB N 2 N N N CONCHO RESOURCES INC SYHS7HRDXLL4I0IQ8776 20605P101 8253.00000000 NS USD 557242.56000000 0.277530752755 Long EC CORP US N 1 N N N Tractor Supply Co 549300OJ9VZHZRO6I137 892356106 16677.00000000 NS USD 1584648.54000000 0.789223102698 Long EC CORP US N 1 N N N Cranswick PLC 549300LDZLPU51XOSK43 000000000 24090.00000000 NS 968605.29000000 0.482407078268 Long EC CORP GB N 1 N N N Gruma SAB de CV 5493000XJLJ6C4T0PG82 000000000 101874.00000000 NS 1066005.64000000 0.530916640162 Long EC CORP MX N 1 N N N Stelco Holdings Inc N/A 858522105 8260.00000000 NS 64281.38000000 0.032014890929 Long EC CORP CA N 1 N N N Coronado Global Resources Inc N/A 000000000 91669.00000000 NS 151365.13000000 0.075386342475 Long EC CORP AU N 2 N N N Saracen Mineral Holdings Ltd 254900SQ035N7AB62C07 000000000 71600.00000000 NS 185259.27000000 0.092267081426 Long EC CORP AU N 2 N N N Neo Lithium Corp 254900R0YJWNNUFEYU56 64047A108 143078.00000000 NS 54315.54000000 0.027051474141 Long EC CORP CA N 1 N N N Enbridge Inc 98TPTUM4IVMFCZBCUR27 29250N105 13150.00000000 NS 478935.16000000 0.238530300836 Long EC CORP CA N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 71654V408 13300.00000000 NS USD 215992.00000000 0.107573302278 Long EC CORP BR N 1 N N N GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 000000000 1.00000000 NC USD -6727.51000000 -0.00335058922 N/A DCO CORP GB N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-10-30 0 USD 0 USD 8900 USD -6727.51 N N N OIL SEARCH LTD 529900NIUGGGKB5VMO41 000000000 80722.00000000 NS 398386.98000000 0.198413844138 Long EC CORP AU N 2 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD 5858.51000000 0.002917789858 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT LIVESTOCK BLOOMBERG ROLL SELECT LIVESTOCK Y Performance Leg 2020-09-25 0 USD 0 USD 1299 USD 5858.51 N N N Anglo American PLC 549300S9XF92D1X8ME43 000000000 45995.00000000 NS 1183781.32000000 0.589573992405 Long EC CORP GB N 2 N N N CF Industries Holdings Inc 529900CG8YAQFZ2JMV97 125269100 16108.00000000 NS USD 730497.80000000 0.363819311145 Long EC CORP US N 1 N N N Alacer Gold Corp 529900Z8EMNJMHWKNV66 010679108 25481.00000000 NS 126137.82000000 0.062822057481 Long EC CORP US N 1 N N N CHEVRON CORP N/A 166764100 9873.00000000 NS USD 1146650.22000000 0.571081108205 Long EC CORP US N 1 N N N Deere & Co PWFTNG3EI0Y73OXWDH08 244199105 4683.00000000 NS USD 815497.62000000 0.406152875955 Long EC CORP US N 1 N N N Costco Wholesale Corp 29DX7H14B9S6O3FD6V18 22160K105 3828.00000000 NS USD 1137337.08000000 0.566442764079 Long EC CORP US N 1 N N N Teck Resources Ltd T8KI5SQ2JRWHL7XY0E11 878742204 35033.00000000 NS 553782.60000000 0.275807543919 Long EC CORP CA N 1 N N N Evolution Mining Ltd 254900BCFW5QO5LW8F27 000000000 155816.00000000 NS 444447.89000000 0.221354157644 Long EC CORP AU N 2 N N N Jamieson Wellness Inc N/A 470748104 65201.00000000 NS 1176202.08000000 0.585799205026 Long EC CORP CA N 1 N N N Norway Royal Salmon ASA 5967007LIEEXZXGB0870 000000000 45709.00000000 NS 1079581.65000000 0.537678076824 Long EC CORP NO N 1 N N N Yellow Cake PLC 213800CVMYUGOA9EZY95 000000000 41269.00000000 NS 99538.70000000 0.049574552129 Long EC CORP GB N 1 N N N SUNCOR ENERGY INC 549300W70ZOQDVLCHY06 867224107 38734.00000000 NS 1151638.78000000 0.573565625561 Long EC CORP CA N 1 N N N Salmar ASA 5967007LIEEXZXGDBK67 000000000 11934.00000000 NS 556932.52000000 0.277376339505 Long EC CORP NO N 2 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -689899.11000000 -0.34359941804 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-03-13 0 USD 0 USD 197172 USD -689899.11 N N N Glencore PLC 2138002658CPO9NBH955 000000000 218763.00000000 NS 660311.80000000 0.328863665595 Long EC CORP CH N 2 N N N Hormel Foods Corp MSD54751OJP1FS2ND863 440452100 18949.00000000 NS USD 774824.61000000 0.385895968295 Long EC CORP US N 1 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796ST7 18000000.00000000 PA USD 17984775.06000000 8.957191210484 Long DBT UST US N 2 2019-11-21 None 0.00000000 N N N N N N Nestle SA KY37LUS27QQX7BB93L28 000000000 13944.00000000 NS 1491747.86000000 0.742954569922 Long EC CORP CH N 2 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD 61891.08000000 0.030824418761 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-10-16 0 USD 0 USD 33583 USD 61891.08 N N N Sociedad Minera Cerro Verde SA 5493002F857O2TX7EU13 000000000 15540.00000000 NS USD 271950.00000000 0.135442792115 Long EC CORP PE N 1 N N N Marathon Petroleum Corp 3BNYRYQHD39K4LCKQF12 56585A102 18087.00000000 NS USD 1156663.65000000 0.576068226858 Long EC CORP US N 1 N N N JBS SA N/A 000000000 132107.00000000 NS 931880.57000000 0.464116588780 Long EC CORP BR N 1 N N N Iluka Resources Ltd 2549009N2Y1F4YNB0955 000000000 30597.00000000 NS 198050.06000000 0.098637444769 Long EC CORP AU N 2 N N N Sigma Lithium Resources Corp N/A 826600108 125653.00000000 NS 169814.24000000 0.084574792449 Long EC CORP BR N 1 N N N PIONEER NATURAL RESOURCES CO FY8JBF7CCL2VE4F1B628 723787107 5047.00000000 NS USD 620881.94000000 0.309225900082 Long EC CORP US N 1 N N N SolGold PLC 213800HGFADQBMIEVI76 000000000 356716.00000000 NS 96411.14000000 0.048016892784 Long EC CORP AU N 2 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD 8559.91000000 0.004263203201 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-10-20 0 USD 0 USD 6023 USD 8559.91 N N N BAKER HUGHES A GE CO N/A 05722G100 28346.00000000 NS USD 606604.40000000 0.302115071319 Long EC CORP US N 1 N N N GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 000000000 1.00000000 NC USD -53719.26000000 -0.02675450106 N/A DCO CORP GB N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 BLOOMBERG ROLL SELECT COMMODITY TOTAL RETURN INDEX BLOOMBERG ROLL SELECT COMMODITY TOTAL RETURN INDEX Y Performance Leg 2020-01-30 0 USD 0 USD 4256 USD -53719.26 N N N Equinor ASA OW6OFBNCKXC4US5C7523 000000000 32040.00000000 NS 594844.48000000 0.296258125558 Long EC CORP NO N 2 N N N Wheaton Precious Metals Corp 549300XSFG5ZCGVYD886 962879102 36177.00000000 NS 1014087.65000000 0.505059249000 Long EC CORP CA N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 91913Y100 10738.00000000 NS USD 1041371.24000000 0.518647649840 Long EC CORP US N 1 N N N HelloFresh SE 391200ZAF4V6XD2M9G57 000000000 29325.00000000 NS 510870.27000000 0.254435358622 Long EC CORP DE N 1 N N N MAG Silver Corp 254900LGL904N7F3EL14 55903Q104 15094.00000000 NS 148980.34000000 0.074198614524 Long EC CORP CA N 1 N N N Freeport-McMoRan Inc 549300IRDTHJQ1PVET45 35671D857 51937.00000000 NS USD 510021.34000000 0.254012554984 Long EC CORP US N 1 N N N BRF SA 254900MTXR9LUVQFU480 10552T107 62775.00000000 NS USD 549909.00000000 0.273878324579 Long EC CORP BR N 1 N N N Leroy Seafood Group ASA 5967007LIEEXZXJ2JK50 000000000 121951.00000000 NS 819205.62000000 0.407999619376 Long EC CORP NO N 2 N N N Polyus PJSC 549300FUXVT7TF6ZKV71 73181M117 9290.00000000 NS USD 548102.98000000 0.272978848971 Long EC CORP RU N 2 N N N Graphic Packaging Holding Co N/A 388689101 89595.00000000 NS USD 1403057.70000000 0.698783057131 Long EC CORP US N 1 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -10870.77000000 -0.00541411083 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BOARD OF GOVERNOR OF THE FEDERAL RESERVE SYSTEM 3 MONTH T BILL AUCTION AVERAGE Y Performance Leg 2020-06-26 0 USD 0 USD 8347 USD -10870.77 N N N Greencore Group PLC 635400GGBEWULJXM5868 000000000 233728.00000000 NS 702708.10000000 0.349978845765 Long EC CORP IE N 2 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796RN1 16000000.00000000 PA USD 15977442.88000000 7.957453482365 Long DBT UST US N 2 2019-12-05 None 0.00000000 N N N N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 000000000 23660.00000000 NS 1231786.05000000 0.613482411842 Long EC CORP GB N 2 N N N TRIMBLE INC 549300E2MI7NSZFQWS19 896239100 14790.00000000 NS USD 589233.60000000 0.293463666086 Long EC CORP US N 1 N N N Endeavour Mining Corp 529900R1F0JCJDI3A443 000000000 21826.00000000 NS 395224.43000000 0.196838758269 Long EC CORP MC N 1 N N N Torex Gold Resources Inc 549300QL07027186GQ85 891054603 14923.00000000 NS 218332.86000000 0.108739151200 Long EC CORP CA N 1 N N N Boliden AB 21380059QU7IM1ONDJ56 000000000 9050.00000000 NS 244055.62000000 0.121550191594 Long EC CORP SE N 2 N N N EOG RESOURCES INC XWTZDRYZPBUHIQBKDB46 26875P101 15682.00000000 NS USD 1086919.42000000 0.541332601761 Long EC CORP US N 1 N N N Barrick Gold Corp 0O4KBQCJZX82UKGCBV73 067901108 162954.00000000 NS USD 2828881.44000000 1.408904580976 Long EC CORP CA N 1 N N Fresnillo PLC 549300JXWH1UV5J0XV81 000000000 22535.00000000 NS 208196.50000000 0.103690808121 Long EC CORP MX N 2 N N N Eni SpA BUCRF72VH5RBN7X3VL35 000000000 56388.00000000 NS 855461.65000000 0.426056681094 Long EC CORP IT N 2 N N N Kosmos Energy Ltd 213800YDFJ3OT9B5P157 500688106 84995.00000000 NS USD 526969.00000000 0.262453218305 Long EC CORP US N 1 N N N Titan Mining Corp N/A 88831L103 159796.00000000 NS 36397.24000000 0.018127390369 Long EC CORP CA N 1 N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 806857108 5203.00000000 NS USD 170086.07000000 0.084710175476 Long EC CORP US N 1 N N N Barrick Gold Corp 0O4KBQCJZX82UKGCBV73 067901108 6366.00000000 NS 110586.96000000 0.055077060613 Long EC CORP CA N 1 N N N Franco-Nevada Corp N/A 351858105 11955.00000000 NS 1160009.87000000 0.577734788284 Long EC CORP CA N 1 N N N Total Produce PLC 635400K7UEIKHMNKLJ02 000000000 558902.00000000 NS 910081.10000000 0.453259515481 Long EC CORP IE N 1 N N N BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO 5493002L9DNZ83RX7V61 09248U718 4064206.05000000 NS USD 4064206.05000000 2.024149347834 Long STIV RF US N 1 N N N Nevada Copper Corp 549300QD5UX02XS0F829 64128F109 406914.00000000 NS 60244.65000000 0.030004425835 Long EC CORP CA N 1 N N N BP PLC 213800LH1BZH3DI6G760 000000000 421400.00000000 NS 2672258.65000000 1.330899697775 Long EC CORP GB N 2 N N N Impala Platinum Holdings Ltd N/A 000000000 38171.00000000 NS 262806.19000000 0.130888781609 Long EC CORP ZA N 2 N N N Northern Star Resources Ltd 254900XFXCRYYZAX6M78 000000000 100478.00000000 NS 681073.07000000 0.339203670657 Long EC CORP AU N 2 N N N OceanaGold Corp 549300CBMSE8I9N3E232 675222103 181705.00000000 NS 435948.52000000 0.217121105965 Long EC CORP AU N 1 N N N Constellation Brands Inc 5493005GKEG8QCVY7037 21036P108 5966.00000000 NS USD 1135508.78000000 0.565532192074 Long EC CORP US N 1 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796RT8 16000000.00000000 PA USD 15957357.76000000 7.947450229073 Long DBT UST US N 2 2020-01-02 None 0.00000000 N N N N N N CONOCOPHILLIPS WPTL2Z3FIYTHSP5V2253 20825C104 29500.00000000 NS USD 1628400.00000000 0.811013210812 Long EC CORP US N 1 N N N MMC Norilsk Nickel PJSC 253400JPTEEW143W3E47 55315J102 8057.00000000 NS USD 223526.10000000 0.111325607996 Long EC CORP RU N 2 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD 10325.01000000 0.005142298889 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT INDUSTRIAL BLOOMBERG ROLL SELECT INDUSTRIAL Y Performance Leg 2020-09-25 0 USD 0 USD 2196 USD 10325.01 N N N WILLIAMS COS INC/THE D71FAKCBLFS2O0RBPG08 969457100 51769.00000000 NS USD 1154966.39000000 0.575222918407 Long EC CORP US N 1 N N N CANADIAN NATL RESOURCES 549300T15RIMIKZC5Q38 136385101 28961.00000000 NS 730236.74000000 0.363689292041 Long EC CORP CA N 1 N N N Freshpet Inc 549300S4ZK8ZQ6HNPN59 358039105 11964.00000000 NS USD 625238.64000000 0.311395723993 Long EC CORP US N 1 N N American Vanguard Corp 529900GWI78WZA5M9783 030371108 35078.00000000 NS USD 490390.44000000 0.244235522780 Long EC CORP US N 1 N N ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 000000000 1.00000000 NC USD -44640.12000000 -0.02223269900 N/A DCO CORP CA N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-02-14 0 USD 0 USD 28173 USD -44640.12 N N N NOBLE ENERGY INC 02VFQXG2D1LR5ZH3K186 655044105 21986.00000000 NS USD 423450.36000000 0.210896484944 Long EC CORP US N 1 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD -43648.41000000 -0.02173878478 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT ENERGY INDEX BLOOMBERG ROLL SELECT ENERGY INDEX Y Performance Leg 2020-09-25 0 USD 0 USD 3485 USD -43648.41 N N N Vale SA 254900SMTWBX7RU2SR20 91912E105 105576.00000000 NS USD 1239462.24000000 0.617305484489 Long EC CORP BR N 1 N N N First Quantum Minerals Ltd 549300I7UVBGWRYMYZ18 335934105 44992.00000000 NS 380199.65000000 0.189355771859 Long EC CORP CA N 1 N N N UPL Ltd 335800RJSM1SLHO4UA95 000000000 142084.00000000 NS 1193936.77000000 0.594631843125 Long EC CORP IN N 2 N N N CNOOC LTD 549300XIVJCBIGMRUD48 000000000 382000.00000000 NS 568511.76000000 0.283143298859 Long EC CORP CN N 2 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -2448.51000000 -0.00121946325 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-05-30 0 USD 0 USD 6958 USD -2448.51 N N N J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC USD -792454.41000000 -0.39467636666 N/A DCO CORP US N 2 J.P. MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 BLOOMBERG ROLL SELECT COMMODITY TOTAL RETURN INDEX BLOOMBERG ROLL SELECT COMMODITY TOTAL RETURN INDEX Y Performance Leg 2020-01-23 0 USD 0 USD 76859 USD -792454.41 N N N Metro Mining Ltd 52990041K94ARLA23314 000000000 557691.00000000 NS 47848.00000000 0.023830361158 Long EC CORP AU N 2 N N N AngloGold Ashanti Ltd 378900EF3BA9A5F42A59 035128206 45642.00000000 NS USD 1007775.36000000 0.501915457191 Long EC CORP ZA N 1 N N MONEY MARKET SERIES LLC N/A 000000000 1153488.51090000 NS USD 1153719.21000000 0.574601769146 Long STIV RF US N N/A N N Sierra Metals Inc 9676001YCHZE7AT8VA50 82639W106 37260.00000000 NS 53184.12000000 0.026487978337 Long EC CORP CA N 1 N N Centamin PLC 213800PDI9G7OUKLPV84 000000000 161888.00000000 NS 244881.21000000 0.121961370909 Long EC CORP JE N 2 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796TK5 16000000.00000000 PA USD 15910093.28000000 7.923910485961 Long DBT UST US N 2 2020-03-12 None 0.00000000 N N N N N N Gold Fields Ltd N/A 38059T106 30274.00000000 NS USD 187093.32000000 0.093180517179 Long EC CORP ZA N 1 N N N GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 000000000 1.00000000 NC USD -13561.92000000 -0.00675441923 N/A DCO CORP GB N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-05-16 0 USD 0 USD 14765 USD -13561.92 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -76669.67000000 -0.03818479196 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-01-31 0 USD 0 USD 21597 USD -76669.67 N N N Kroger Co/The 6CPEOKI6OYJ13Q6O7870 501044101 44560.00000000 NS USD 1097958.40000000 0.546830488407 Long EC CORP US N 1 N N N Hess Corp UASVRYNXNK17ULIGK870 42809H107 5464.00000000 NS USD 359258.00000000 0.178925929802 Long EC CORP US N 1 N N N Glanbia PLC 635400SRMCBHVMSKJS84 000000000 3149.00000000 NS 35085.67000000 0.017474172120 Long EC CORP IE N 1 N N N Centerra Gold Inc 549300K0HXTMP5JJ0E62 152006102 48123.00000000 NS 410311.51000000 0.204352772757 Long EC CORP CA N 1 N N N Grocery Outlet Holding Corp N/A 39874R101 33683.00000000 NS USD 1074487.70000000 0.535141070717 Long EC CORP US N 1 N N N TREASURY BILL 254900HROIFWPRGM1V77 912796TE9 16000000.00000000 PA USD 15934143.52000000 7.935888539488 Long DBT UST US N 2 2020-02-06 None 0.00000000 N N N N N N Ag Growth International Inc 549300ZCF9VG3Z4PHL09 001181106 27976.00000000 NS 909522.68000000 0.452981398313 Long EC CORP CA N 1 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -62766.73000000 -0.03126053010 N/A DCO CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 BLOOMBERG COMMODITY INDEX TOTAL RETURN BLOOMBERG COMMODITY INDEX TOTAL RETURN Y Performance Leg 2020-03-15 0 USD 0 USD 13931 USD -62766.73 N N N Pretium Resources Inc N/A 74139C102 33170.00000000 NS 334193.23000000 0.166442596717 Long EC CORP CA N 1 N N N Symrise AG 529900D82I6R9601CF26 000000000 7173.00000000 NS 689374.69000000 0.343338234334 Long EC CORP DE N 2 N N N GALP ENERGIA SGPS SA 2138003319Y7NM75FG53 000000000 21882.00000000 NS 349997.86000000 0.174313981955 Long EC CORP PT N 2 N N N TC Energy Corp 549300UGKOFV2IWJJG27 87807B107 24839.00000000 NS 1252039.49000000 0.623569495731 Long EC CORP CA N 1 N N N Whitehaven Coal Ltd 529900WCZ4I6ZO3RRP86 000000000 60217.00000000 NS 136957.10000000 0.068210524081 Long EC CORP AU N 2 N N N Agnico Eagle Mines Ltd YGE0EUBRF7IJOB3QRX76 008474108 29880.00000000 NS 1836448.26000000 0.914630189040 Long EC CORP CA N 1 N N N Ivanhoe Mines Ltd 5299006XZISURYIA4G32 46579R104 55517.00000000 NS 137833.57000000 0.068647043824 Long EC CORP CA N 1 N N N FIRST COBALT WARRANT 2019 RESTRICTED N/A 000000000 125498.00000000 NC 0.95000000 0.000000473140 N/A DE CORP CA N 3 FIRST COBALT WARRANT 2019 RESTRICTED N/A Call Purchased FIRST COBALT 4 MO LOCKUP FIRST COBALT 4 MO LOCKUP 1.00000000 1.5 CAD 2020-03-15 XXXX -8.63 N N N COSTA GROUP HOLDINGS LTD N/A 000000000 236758.00000000 NS 375381.49000000 0.186956121029 Long EC CORP AU N 2 N N N 2019-12-20 BlackRock Funds Ann Frechette Ann Frechette Assistant Treasurer XXXX