Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SANDERSON FARMS INC	35,840	$4.145M	4.0%	$84.61	—	COM	800013104
—	TAHOE RES INC	261,900	$2.255M	2.2%	$8.64	—	COM	873868103
INGR	INGREDION INC	18,620	$2.22M	2.1%	$101.95	+16.5%	COM	457187102
HRL	HORMEL FOODS CORP	62,549	$2.134M	2.1%	$25.00	+10.7%	COM	440452100
SQM	SOCIEDAD QUIMICA MINERA DE C	60,238	$1.989M	1.9%	$19.20	—	SPON ADR SER B	833635105
SBS	COMPANHIA DE SANEAMENTO BASI	208,193	$1.982M	1.9%	$5.24	—	SPONSORED ADR	20441A102
—	CRESCENT PT ENERGY CORP	239,478	$1.83M	1.8%	$10.85	—	COM	22576C101
MPC	MARATHON PETE CORP	33,878	$1.773M	1.7%	$33.16	+19.2%	COM	56585A102
NEM	NEWMONT MINING CORP	54,015	$1.75M	1.7%	$25.02	+6.2%	COM	651639106
—	BUNGE LIMITED	21,977	$1.639M	1.6%	$77.64	—	COM	G16962105
CNQ	CANADIAN NAT RES LTD	55,264	$1.594M	1.5%	$9.48	+6.7%	COM	136385101
—	RANDGOLD RES LTD	16,842	$1.49M	1.4%	$84.52	—	ADR	752344309
VLO	VALERO ENERGY CORP NEW	21,974	$1.482M	1.4%	$33.39	+37.9%	COM	91913Y100
PPC	PILGRIMS PRIDE CORP NEW	64,080	$1.405M	1.4%	$25.00	-4.9%	COM	72147K108
GFI	GOLD FIELDS LTD NEW	402,450	$1.401M	1.3%	$3.46	—	SPONSORED ADR	38059T106
FSLR	FIRST SOLAR INC	34,886	$1.391M	1.3%	$33.93	+0.2%	COM	336433107
AWK	AMERICAN WTR WKS CO INC NEW	17,710	$1.38M	1.3%	$61.71	+8.1%	COM	030420103
AG	FIRST MAJESTIC SILVER CORP	164,058	$1.363M	1.3%	$8.43	-1.5%	COM	32076V103
MOS	MOSAIC CO NEW	59,654	$1.362M	1.3%	$25.71	-17.1%	COM	61945C103
—	MONSANTO CO NEW	11,262	$1.333M	1.3%	$109.90	—	COM	61166W101
RYN	RAYONIER INC	45,336	$1.304M	1.3%	$28.09	—	COM	754907103
PCH	POTLATCH CORP NEW	28,378	$1.297M	1.2%	$31.35	—	COM	737630103
CTRA	CABOT OIL & GAS CORP	51,579	$1.294M	1.2%	$17.34	-0.5%	COM	127097103
WPM	WHEATON PRECIOUS METALS CORP	59,699	$1.187M	1.1%	$18.25	0.0%	COM	962879102
VET	VERMILION ENERGY INC	36,800	$1.165M	1.1%	$37.71	-9.0%	COM	923725105
SU	SUNCOR ENERGY INC NEW	39,790	$1.161M	1.1%	$23.96	-6.8%	COM	867224107
IMO	IMPERIAL OIL LTD	38,046	$1.108M	1.1%	$25.16	-6.4%	COM NEW	453038408
—	PDC ENERGY INC	25,379	$1.094M	1.1%	$58.48	—	COM	69327R101
AEM	AGNICO EAGLE MINES LTD	24,051	$1.085M	1.0%	$34.07	+16.4%	COM	008474108
LNN	LINDSAY CORP	11,826	$1.055M	1.0%	$70.35	+10.5%	COM	535555106
—	NOBLE ENERGY INC	37,199	$1.053M	1.0%	$39.30	—	COM	655044105
CVE	CENOVUS ENERGY INC	140,350	$1.033M	1.0%	$12.43	-36.3%	COM	15135U109
FNV	FRANCO NEVADA CORP	14,274	$1.03M	1.0%	$60.33	+7.5%	COM	351858105
—	BRF SA	84,379	$995K	1.0%	$15.15	—	SPONSORED ADR	10552T107
—	RSP PERMIAN INC	30,141	$973K	0.9%	$39.60	—	COM	74978Q105
PSX	PHILLIPS 66	11,651	$963K	0.9%	$43.93	+28.1%	COM	718546104
CWT	CALIFORNIA WTR SVC GROUP	25,646	$944K	0.9%	$22.17	+36.1%	COM	130788102
AWR	AMERICAN STS WTR CO	19,786	$938K	0.9%	$31.01	+26.0%	COM	029899101
CALM	CAL MAINE FOODS INC	22,464	$890K	0.9%	$35.54	-17.9%	COM NEW	128030202
AR	ANTERO RES CORP	40,260	$870K	0.8%	$23.01	-6.7%	COM	03674X106
—	CLIFFS NAT RES INC	122,204	$846K	0.8%	$7.41	—	COM	18683K101
—	HOLLYFRONTIER CORP	30,632	$841K	0.8%	$46.20	—	COM	436106108
AGCO	AGCO CORP	12,404	$836K	0.8%	$43.16	+20.2%	COM	001084102
WY	WEYERHAEUSER CO	24,652	$826K	0.8%	$19.48	+23.3%	COM	962166104
—	SILVER STD RES INC	82,808	$804K	0.8%	$10.05	—	COM	82823L106
FANG	DIAMONDBACK ENERGY INC	8,992	$799K	0.8%	$66.72	+12.5%	COM	25278X109
—	POTASH CORP SASK INC	47,930	$781K	0.8%	$18.25	—	COM	73755L107
—	CARRIZO OIL & GAS INC	44,421	$774K	0.7%	$20.79	—	COM	144577103
ADM	ARCHER DANIELS MIDLAND CO	18,564	$768K	0.7%	$29.04	+14.5%	COM	039483102
RRC	RANGE RES CORP	32,224	$747K	0.7%	$30.82	-18.2%	COM	75281A109
—	CONTINENTAL RESOURCES INC	22,028	$712K	0.7%	$38.98	—	COM	212015101
BTG	B2GOLD CORP	250,600	$704K	0.7%	$2.11	0.0%	COM	11777Q209
—	QEP RES INC	68,525	$692K	0.7%	$12.29	—	COM	74733V100
—	AQUA AMERICA INC	20,632	$687K	0.7%	$27.22	—	COM	03836W103
FMC	F M C CORP	9,327	$681K	0.7%	$38.65	+34.8%	COM NEW	302491303
BP	BP PLC	18,893	$655K	0.6%	$30.20	—	SPONSORED ADR	055622104
SCCO	SOUTHERN COPPER CORP	18,872	$654K	0.6%	$18.63	+25.5%	COM	84265V105
TX	TERNIUM SA	22,933	$644K	0.6%	$12.44	—	SPON ADR	880890108
—	MCDERMOTT INTL INC	85,972	$616K	0.6%	$5.01	—	COM	580037109
—	ADVANTAGE OIL & GAS LTD	90,700	$613K	0.6%	$6.81	—	COM	00765F101
XOM	EXXON MOBIL CORP	7,207	$582K	0.6%	$58.02	-4.4%	COM	30231G102
—	CNOOC LTD	5,125	$561K	0.5%	$127.48	—	SPONSORED ADR	126132109
AGRO	ADECOAGRO S A	54,800	$547K	0.5%	$9.86	-1.3%	COM	L00849106
—	CALGON CARBON CORP	34,868	$527K	0.5%	$14.88	—	COM	129603106
ANDE	ANDERSONS INC	15,173	$518K	0.5%	$22.96	+28.5%	COM	034164103
GGB	GERDAU S A	169,460	$517K	0.5%	$3.26	—	SPON ADR REP PFD	373737105
PKX	POSCO	7,955	$498K	0.5%	$35.30	—	SPONSORED ADR	693483109
—	RICE ENERGY INC	18,464	$492K	0.5%	$26.07	—	COM	762760106
CRS	CARPENTER TECHNOLOGY CORP	13,017	$487K	0.5%	$35.77	-10.8%	COM	144285103
CVX	CHEVRON CORP NEW	4,572	$477K	0.5%	$70.75	+3.5%	COM	166764100
EC	ECOPETROL S A	51,757	$470K	0.5%	$13.21	—	SPONSORED ADS	279158109
KALU	KAISER ALUMINUM CORP	5,305	$470K	0.5%	$61.46	+1.6%	COM PAR $0.01	483007704
—	PARSLEY ENERGY INC	16,618	$461K	0.4%	$23.95	—	CL A	701877102
VALE	VALE S A	51,925	$454K	0.4%	$9.95	—	ADR	91912E105
FTI	TECHNIPFMC PLC	16,525	$449K	0.4%	$22.64	-8.6%	COM	G87110105
OII	OCEANEERING INTL INC	19,662	$449K	0.4%	$58.01	-56.2%	COM	675232102
—	KOSMOS ENERGY LTD	69,768	$447K	0.4%	$7.46	—	SHS	G5315B107
—	WHITING PETE CORP NEW	80,497	$444K	0.4%	$7.19	—	COM	966387102
DE	DEERE & CO	3,467	$428K	0.4%	$72.34	+42.1%	COM	244199105
—	GOLDCORP INC NEW	32,573	$421K	0.4%	$14.12	—	COM	380956409
HTO	SJW GROUP	8,487	$417K	0.4%	$49.26	+0.5%	COM	784305104
PAAS	PAN AMERICAN SILVER CORP	24,730	$416K	0.4%	$17.18	+0.6%	COM	697900108
TSN	TYSON FOODS INC	6,470	$405K	0.4%	$41.00	+19.2%	CL A	902494103
—	PETROCHINA CO LTD	6,277	$385K	0.4%	$106.26	—	SPONSORED ADR	71646E100
—	EP ENERGY CORP	104,547	$383K	0.4%	$4.55	—	CL A	268785102
—	AK STL HLDG CORP	56,785	$373K	0.4%	$8.10	—	COM	001547108
ERII	ENERGY RECOVERY INC	44,740	$371K	0.4%	$10.80	-25.9%	COM	29270J100
—	DRIL-QUIP INC	7,612	$371K	0.4%	$73.49	—	COM	262037104
CSIQ	CANADIAN SOLAR INC	23,020	$366K	0.4%	$13.01	+2.9%	COM	136635109
RIG	TRANSOCEAN LTD	44,419	$366K	0.4%	$20.21	-49.5%	REG SHS	H8817H100
NVRI	HARSCO CORP	22,578	$364K	0.3%	$9.53	+51.3%	COM	415864107
—	CALLON PETE CO DEL	33,267	$353K	0.3%	$15.15	—	COM	13123X102
COP	CONOCOPHILLIPS	7,944	$349K	0.3%	$34.76	+2.1%	COM	20825C104
SEDG	SOLAREDGE TECHNOLOGIES INC	17,058	$341K	0.3%	$13.99	+26.7%	COM	83417M104
—	PRECISION DRILLING CORP	99,851	$340K	0.3%	$3.75	—	COM 2010	74022D308
—	FRANKS INTL N V	40,857	$339K	0.3%	$15.74	—	COM	N33462107
TECK	TECK RESOURCES LTD	19,017	$330K	0.3%	$18.66	+2.5%	CL B	878742204
CENX	CENTURY ALUM CO	20,988	$327K	0.3%	$11.47	+21.6%	COM	156431108
—	CORE LABORATORIES N V	3,206	$325K	0.3%	$129.28	—	COM	N22717107
CCJ	CAMECO CORP	35,674	$325K	0.3%	$13.05	-27.8%	COM	13321L108
—	AGRIUM INC	3,546	$321K	0.3%	$90.33	—	COM	008916108
—	WPX ENERGY INC	32,870	$318K	0.3%	$13.79	—	COM	98212B103
EPD	ENTERPRISE PRODS PARTNERS L	11,611	$314K	0.3%	$52.99	—	COM	293792107
IAG	IAMGOLD CORP	60,215	$311K	0.3%	$3.74	+20.4%	COM	450913108
—	PRETIUM RES INC	31,814	$306K	0.3%	$8.95	—	COM	74139C102
ARLP	ALLIANCE RES PARTNER L P	16,093	$304K	0.3%	$21.10	—	UT LTD PART	01877R108
SLB	SCHLUMBERGER LTD	4,589	$302K	0.3%	$69.81	-20.0%	COM	806857108
—	DOMINION DIAMOND CORP	23,343	$293K	0.3%	$9.67	—	COM	257287102
RIO	RIO TINTO PLC	6,868	$291K	0.3%	$46.83	—	SPONSORED ADR	767204100
DAR	DARLING INGREDIENTS INC	18,443	$290K	0.3%	$16.48	-6.2%	COM	237266101
EOG	EOG RES INC	3,200	$290K	0.3%	$65.30	+5.2%	COM	26875P101
—	SRC ENERGY INC	40,348	$272K	0.3%	$8.45	—	COM	78470V108
—	ROYAL DUTCH SHELL PLC	4,962	$264K	0.3%	$57.71	—	SPONS ADR A	780259206
E	ENI S P A	8,706	$262K	0.3%	$32.37	—	SPONSORED ADR	26874R108
EQT	EQT CORP	4,453	$261K	0.3%	$34.67	-15.8%	COM	26884L109
—	APACHE CORP	5,450	$261K	0.3%	$88.82	—	COM	037411105
—	TURQUOISE HILL RES LTD	96,452	$256K	0.2%	$2.89	—	COM	900435108
—	PIONEER NAT RES CO	1,589	$254K	0.2%	$188.84	—	COM	723787107
—	LAREDO PETROLEUM INC	24,182	$254K	0.2%	$10.33	—	COM	516806106
OIS	OIL STS INTL INC	9,267	$252K	0.2%	$39.42	-24.9%	COM	678026105
AGI	ALAMOS GOLD INC NEW	34,621	$249K	0.2%	$6.76	-0.8%	COM CL A	011532108
—	FORUM ENERGY TECHNOLOGIES IN	15,964	$249K	0.2%	$12.67	—	COM	34984V100
HBM	HUDBAY MINERALS INC	42,324	$244K	0.2%	$4.52	+25.0%	COM	443628102
SID	COMPANHIA SIDERURGICA NACION	113,185	$243K	0.2%	$2.98	—	SPONSORED ADR	20440W105
—	CONSOL ENERGY INC	16,220	$242K	0.2%	$16.79	—	COM	20854P109
HP	HELMERICH & PAYNE INC	4,437	$241K	0.2%	$71.52	-18.0%	COM	423452101
DVN	DEVON ENERGY CORP NEW	7,013	$224K	0.2%	$38.78	-33.3%	COM	25179M103
PTEN	PATTERSON UTI ENERGY INC	11,051	$223K	0.2%	$17.15	+27.1%	COM	703481101
HLX	HELIX ENERGY SOLUTIONS GRP I	39,176	$221K	0.2%	$8.93	-32.3%	COM	42330P107
AROC	ARCHROCK INC	19,033	$217K	0.2%	$8.41	-16.1%	COM	03957W106
—	ATWOOD OCEANICS INC	25,962	$212K	0.2%	$10.03	—	COM	050095108
—	SOUTHWESTERN ENERGY CO	32,836	$200K	0.2%	$18.83	—	COM	845467109
CMC	COMMERCIAL METALS CO	10,216	$198K	0.2%	$14.95	+5.4%	COM	201723103
—	NATIONAL OILWELL VARCO INC	5,960	$196K	0.2%	$50.56	—	COM	637071101
—	HESS CORP	4,181	$183K	0.2%	$60.57	—	COM	42809H107
KGC	KINROSS GOLD CORP	43,739	$178K	0.2%	$3.68	+8.2%	COM NO PAR	496902404
—	YAMANA GOLD INC	71,690	$174K	0.2%	$3.51	—	COM	98462Y100
YPF	YPF SOCIEDAD ANONIMA	7,907	$173K	0.2%	$25.28	—	SPON ADR CL D	984245100
—	NOBLE CORP PLC	47,869	$173K	0.2%	$6.52	—	SHS USD	G65431101
OXY	OCCIDENTAL PETE CORP DEL	2,886	$173K	0.2%	$58.08	-16.5%	COM	674599105
BTE	BAYTEX ENERGY CORP	68,790	$167K	0.2%	$4.62	-38.5%	COM	07317Q105
NGD	NEW GOLD INC CDA	51,298	$163K	0.2%	$3.84	-21.8%	COM	644535106
—	DENBURY RES INC	105,444	$161K	0.2%	$2.90	—	COM NEW	247916208
—	ROWAN COMPANIES PLC	15,592	$160K	0.2%	$15.16	—	SHS CL A	G7665A101
—	MAGELLAN MIDSTREAM PRTNRS LP	2,234	$159K	0.2%	$60.87	—	COM UNIT RP LP	559080106
HMY	HARMONY GOLD MNG LTD	94,721	$156K	0.1%	$2.57	—	SPONSORED ADR	413216300
—	SUPERIOR ENERGY SVCS INC	14,805	$154K	0.1%	$31.32	—	COM	868157108
BHP	BHP BILLITON LTD	4,147	$148K	0.1%	$32.91	—	SPONSORED ADR	088606108
—	SIBANYE GOLD LTD	31,460	$146K	0.1%	$7.13	—	SPONSORED ADR	825724206
RGLD	ROYAL GOLD INC	1,785	$140K	0.1%	$43.18	+74.4%	COM	780287108
—	SANCHEZ ENERGY CORP	19,484	$140K	0.1%	$9.43	—	COM	79970Y105
STLD	STEEL DYNAMICS INC	3,840	$138K	0.1%	$19.61	+47.7%	COM	858119100
—	CALIFORNIA RES CORP	15,194	$130K	0.1%	$15.07	—	COM NEW	13057Q206
—	SCHNITZER STL INDS	5,094	$128K	0.1%	$23.29	—	CL A	806882106
—	ELDORADO GOLD CORP NEW	47,201	$125K	0.1%	$4.41	—	COM	284902103
—	GRAN TIERRA ENERGY INC	54,357	$122K	0.1%	$2.63	—	COM	38500T101
KMI	KINDER MORGAN INC DEL	6,268	$120K	0.1%	$19.64	-36.5%	COM	49456B101
—	BARRICK GOLD CORP	7,005	$111K	0.1%	$13.83	—	COM	067901108
—	NABORS INDUSTRIES LTD	13,091	$107K	0.1%	$26.64	—	SHS	G6359F103
—	NEWFIELD EXPL CO	3,661	$104K	0.1%	$39.20	—	COM	651290108
AA	ALCOA CORP	3,182	$104K	0.1%	$31.63	-2.0%	COM	013872106
—	ENSCO PLC	20,125	$104K	0.1%	$30.50	—	SHS CLASS A	G3157S106
FCX	FREEPORT-MCMORAN INC	8,542	$103K	0.1%	$11.75	-6.3%	CL B	35671D857
—	ANGLOGOLD ASHANTI LTD	10,364	$101K	0.1%	$10.06	—	SPONSORED ADR	035128206
MTDR	MATADOR RES CO	4,668	$100K	0.1%	$22.11	+2.7%	COM	576485205
—	ENCANA CORP	11,052	$97,000	0.1%	$13.55	—	COM	292505104
—	UNITED STATES STL CORP NEW	4,144	$92,000	0.1%	$24.75	—	COM	912909108
PAA	PLAINS ALL AMERN PIPELINE L	3,469	$91,000	0.1%	$29.50	—	UNIT LTD PARTN	726503105
—	BRISTOW GROUP INC	11,750	$90,000	0.1%	$16.17	—	COM	110394103
—	ENERGY TRANSFER PARTNERS LP	4,363	$89,000	0.1%	$20.40	—	UNIT LTD PRT INT	29278N103
BVN	COMPANIA DE MINAS BUENAVENTU	7,580	$87,000	0.1%	$8.08	—	SPONSORED ADR	204448104
—	WEATHERFORD INTL PLC	22,377	$87,000	0.1%	$19.28	—	ORD SHS	G48833100
—	ENERGEN CORP	1,694	$84,000	0.1%	$55.53	—	COM	29265N108
RS	RELIANCE STEEL & ALUMINUM CO	1,132	$82,000	0.1%	$79.84	-6.3%	COM	759509102
CF	CF INDS HLDGS INC	2,901	$81,000	0.1%	$28.18	-21.9%	COM	125269100
—	MARATHON OIL CORP	6,375	$76,000	0.1%	$20.14	—	COM	565849106
—	BUCKEYE PARTNERS L P	1,114	$71,000	0.1%	$60.12	—	UNIT LTD PARTN	118230101
—	CHESAPEAKE ENERGY CORP	13,560	$67,000	0.1%	$7.47	—	COM	165167107
TS	TENARIS S A	2,119	$66,000	0.1%	$29.98	—	SPONSORED ADR	88031M109
MUR	MURPHY OIL CORP	2,432	$62,000	0.1%	$23.85	-20.0%	COM	626717102
MPLX	MPLX LP	1,774	$59,000	0.1%	$39.46	—	COM UNIT REP LTD	55336V100
—	WILLIAMS PARTNERS L P NEW	1,417	$57,000	0.1%	$38.11	—	COM UNIT LTD PAR	96949L105
HAL	HALLIBURTON CO	1,264	$54,000	0.1%	$40.70	-5.0%	COM	406216101
MTUS	TIMKENSTEEL CORP	3,384	$52,000	0.0%	$17.78	-16.7%	COM	887399103
SXC	SUNCOKE ENERGY INC	4,214	$46,000	0.0%	$9.79	-6.5%	COM	86722A103
SSL	SASOL LTD	1,463	$41,000	0.0%	$29.51	—	SPONSORED ADR	803866300
—	BAKER HUGHES INC	756	$41,000	0.0%	$50.74	—	COM	057224107
—	DIAMOND OFFSHORE DRILLING IN	3,683	$40,000	0.0%	$17.83	—	COM	25271C102
—	GULFPORT ENERGY CORP	2,654	$39,000	0.0%	$24.06	—	COM NEW	402635304
PBR	PETROLEO BRASILEIRO SA PETRO	3,646	$29,000	0.0%	$11.88	—	SPONSORED ADR	71654V408
—	CIMAREX ENERGY CO	298	$28,000	0.0%	$114.98	—	COM	171798101
NUE	NUCOR CORP	433	$25,000	0.0%	$39.77	+21.8%	COM	670346105
MT	ARCELORMITTAL SA LUXEMBOURG	1,052	$24,000	0.0%	$22.81	—	NY REGISTRY SH	03938L203
ATI	ALLEGHENY TECHNOLOGIES INC	1,222	$21,000	0.0%	$15.92	+5.7%	COM	01741R102
CDE	COEUR MNG INC	1,931	$17,000	0.0%	$8.55	+6.2%	COM NEW	192108504
WOR	WORTHINGTON INDS INC	253	$13,000	0.0%	$21.36	+25.6%	COM	981811102
—	MCEWEN MNG INC	4,816	$13,000	0.0%	$2.70	—	COM	58039P107
—	ANADARKO PETE CORP	272	$12,000	0.0%	$60.73	—	COM	032511107
HL	HECLA MNG CO	1,754	$9,000	0.0%	$5.39	-1.4%	COM	422704106
—	BHP BILLITON PLC	234	$7,000	0.0%	$30.63	—	SPONSORED ADR	05545E209
—	BARRETT BILL CORP	1,265	$4,000	0.0%	$4.55	—	COM	06846N104
—	ENERPLUS CORP	536	$4,000	0.0%	$6.36	—	COM	292766102
—	STATOIL ASA	107	$2,000	0.0%	$16.03	—	SPONSORED ADR	85771P102
—	SUNPOWER CORP	68	$1,000	0.0%	$5.41	—	COM	867652406
—	OASIS PETE INC NEW	83	$1,000	0.0%	$12.05	—	COM	674215108
—	CONCHO RES INC	2	$0	0.0%	—	—	COM	20605P101