Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SANDERSON FARMS INC	21,204	$2.943M	2.4%	$89.25	—	COM	800013104
MPC	MARATHON PETE CORP	34,281	$2.262M	1.9%	$33.16	+43.2%	COM	56585A102
VLO	VALERO ENERGY CORP NEW	22,235	$2.044M	1.7%	$33.39	+78.7%	COM	91913Y100
INGR	INGREDION INC	14,369	$2.009M	1.7%	$105.55	+25.1%	COM	457187102
PPC	PILGRIMS PRIDE CORP NEW	61,296	$1.904M	1.6%	$25.49	+28.1%	COM	72147K108
—	CRESCENT PT ENERGY CORP	241,378	$1.847M	1.5%	$10.76	—	COM	22576C101
GFI	GOLD FIELDS LTD NEW	424,597	$1.826M	1.5%	$3.90	—	SPONSORED ADR	38059T106
—	AK STL HLDG CORP	320,319	$1.813M	1.5%	$6.04	—	COM	001547108
—	HOLLYFRONTIER CORP	30,996	$1.588M	1.3%	$46.20	—	COM	436106108
MOS	MOSAIC CO NEW	61,225	$1.571M	1.3%	$25.19	-19.9%	COM	61945C103
SQM	SOCIEDAD QUIMICA MINERA DE C	26,422	$1.569M	1.3%	$19.20	—	SPON ADR SER B	833635105
TECK	TECK RESOURCES LTD	59,465	$1.556M	1.3%	$21.73	+4.8%	CL B	878742204
—	PIONEER NAT RES CO	8,802	$1.521M	1.3%	$156.30	—	COM	723787107
CALM	CAL MAINE FOODS INC	33,941	$1.509M	1.3%	$32.50	+4.4%	COM NEW	128030202
SBS	COMPANHIA DE SANEAMENTO BASI	142,763	$1.492M	1.2%	$5.24	—	SPONSORED ADR	20441A102
GGB	GERDAU S A	399,676	$1.487M	1.2%	$3.38	—	SPON ADR REP PFD	373737105
—	PDC ENERGY INC	27,884	$1.437M	1.2%	$57.90	—	COM	69327R101
—	CONTINENTAL RESOURCES INC	27,060	$1.433M	1.2%	$38.79	—	COM	212015101
VET	VERMILION ENERGY INC	39,100	$1.427M	1.2%	$37.53	-7.2%	COM	923725105
—	MONSANTO CO NEW	12,079	$1.411M	1.2%	$110.43	—	COM	61166W101
AEM	AGNICO EAGLE MINES LTD	29,378	$1.357M	1.1%	$36.31	+4.2%	COM	008474108
FTI	TECHNIPFMC PLC	43,135	$1.351M	1.1%	$20.07	-5.2%	COM	G87110105
PAAS	PAN AMERICAN SILVER CORP	86,264	$1.342M	1.1%	$16.11	-1.6%	COM	697900108
—	BUNGE LIMITED	19,928	$1.337M	1.1%	$77.26	—	COM	G16962105
BP	BP PLC	31,468	$1.323M	1.1%	$33.60	—	SPONSORED ADR	055622104
CVE	CENOVUS ENERGY INC	139,150	$1.276M	1.1%	$12.26	-31.9%	COM	15135U109
—	RSP PERMIAN INC	31,132	$1.266M	1.0%	$39.64	—	COM	74978Q105
—	OASIS PETE INC NEW	150,061	$1.262M	1.0%	$9.07	—	COM	674215108
—	NOBLE ENERGY INC	41,715	$1.216M	1.0%	$38.14	—	COM	655044105
FNV	FRANCO NEVADA CORP	15,178	$1.213M	1.0%	$68.24	+8.5%	COM	351858105
PSX	PHILLIPS 66	11,789	$1.192M	1.0%	$43.93	+57.7%	COM	718546104
—	NEWFIELD EXPL CO	36,583	$1.153M	1.0%	$30.90	—	COM	651290108
—	DRIL-QUIP INC	23,906	$1.14M	0.9%	$53.74	—	COM	262037104
—	CNOOC LTD	7,887	$1.132M	0.9%	$128.27	—	SPONSORED ADR	126132109
TX	TERNIUM SA	35,679	$1.127M	0.9%	$19.07	—	SPON ADR	880890108
CLF	CLEVELAND CLIFFS INC	154,761	$1.116M	0.9%	$6.94	-9.2%	COM	185899101
—	MARATHON OIL CORP	63,054	$1.068M	0.9%	$16.94	—	COM	565849106
SCCO	SOUTHERN COPPER CORP	22,253	$1.056M	0.9%	$22.64	+29.2%	COM	84265V105
OII	OCEANEERING INTL INC	46,471	$982K	0.8%	$38.17	-44.3%	COM	675232102
—	ROWAN COMPANIES PLC	62,427	$978K	0.8%	$13.76	—	SHS CL A	G7665A101
AR	ANTERO RES CORP	51,248	$974K	0.8%	$22.15	-13.4%	COM	03674X106
SLB	SCHLUMBERGER LTD	14,307	$964K	0.8%	$57.59	-11.1%	COM	806857108
PKX	POSCO	12,150	$949K	0.8%	$48.03	—	SPONSORED ADR	693483109
—	HALCON RES CORP	125,125	$947K	0.8%	$6.86	—	COM PAR NEW	40537Q605
—	CARRIZO OIL & GAS INC	44,088	$938K	0.8%	$20.63	—	COM	144577103
—	RANDGOLD RES LTD	9,475	$937K	0.8%	$85.69	—	ADR	752344309
—	CALLON PETE CO DEL	76,204	$926K	0.8%	$13.45	—	COM	13123X102
WY	WEYERHAEUSER CO	24,828	$875K	0.7%	$19.48	+32.1%	COM	962166104
—	CORE LABORATORIES N V	7,929	$869K	0.7%	$111.54	—	COM	N22717107
RYN	RAYONIER INC	27,314	$864K	0.7%	$28.21	—	COM	754907103
OIS	OIL STS INTL INC	29,540	$836K	0.7%	$29.23	-17.1%	COM	678026105
—	TOTAL S A	15,033	$831K	0.7%	$55.28	—	SPONSORED ADR	89151E109
VALE	VALE S A	67,355	$824K	0.7%	$10.40	—	ADR	91912E105
AG	FIRST MAJESTIC SILVER CORP	120,107	$810K	0.7%	$7.07	-3.6%	COM	32076V103
—	CALGON CARBON CORP	37,327	$795K	0.7%	$15.30	—	COM	129603106
DE	DEERE & CO	4,910	$768K	0.6%	$89.46	+38.3%	COM	244199105
EC	ECOPETROL S A	51,846	$759K	0.6%	$13.28	—	SPONSORED ADS	279158109
—	QEP RES INC	78,976	$756K	0.6%	$11.85	—	COM	74733V100
—	ENERPLUS CORP	74,808	$735K	0.6%	$9.83	—	COM	292766102
SSRM	SSR MNG INC	81,598	$717K	0.6%	$9.89	-6.8%	COM	784730103
ARLP	ALLIANCE RES PARTNER L P	35,771	$705K	0.6%	$20.15	—	UT LTD PART	01877R108
—	SCHNITZER STL INDS	20,993	$703K	0.6%	$27.04	—	CL A	806882106
—	MCDERMOTT INTL INC	106,293	$699K	0.6%	$5.33	—	COM	580037109
SEDG	SOLAREDGE TECHNOLOGIES INC	18,583	$698K	0.6%	$15.18	+126.8%	COM	83417M104
NEM	NEWMONT MINING CORP	18,046	$677K	0.6%	$25.02	+16.4%	COM	651639106
PCH	POTLATCH CORP NEW	13,524	$675K	0.6%	$33.13	—	COM	737630103
WPM	WHEATON PRECIOUS METALS CORP	30,394	$673K	0.6%	$18.27	+2.8%	COM	962879102
—	C&J ENERGY SVCS INC NEW	19,894	$666K	0.6%	$33.48	—	COM	12674R100
—	ANGLOGOLD ASHANTI LTD	65,309	$665K	0.6%	$10.18	—	SPONSORED ADR	035128206
HL	HECLA MNG CO	163,062	$647K	0.5%	$4.73	-11.8%	COM	422704106
TSN	TYSON FOODS INC	7,929	$643K	0.5%	$44.39	+38.4%	CL A	902494103
—	CENTENNIAL RESOURCE DEV INC	32,372	$641K	0.5%	$19.80	—	CL A	15136A102
CRS	CARPENTER TECHNOLOGY CORP	12,580	$641K	0.5%	$35.71	+20.7%	COM	144285103
—	BARRICK GOLD CORP	44,216	$640K	0.5%	$15.69	—	COM	067901108
AGRO	ADECOAGRO S A	61,632	$637K	0.5%	$9.76	-8.5%	COM	L00849106
—	RESOLUTE ENERGY CORP	19,908	$627K	0.5%	$29.67	—	COM NEW	76116A306
—	ENERGEN CORP	10,712	$617K	0.5%	$57.60	—	COM	29265N108
XOM	EXXON MOBIL CORP	7,344	$614K	0.5%	$58.01	-1.5%	COM	30231G102
AGI	ALAMOS GOLD INC NEW	94,325	$614K	0.5%	$6.25	-1.6%	COM CL A	011532108
—	FORTUNA SILVER MINES INC	116,456	$608K	0.5%	$5.22	—	COM	349915108
—	U S SILICA HLDGS INC	18,143	$591K	0.5%	$32.57	—	COM	90346E103
EQT	EQT CORP	10,329	$588K	0.5%	$32.14	-5.9%	COM	26884L109
CVX	CHEVRON CORP NEW	4,655	$583K	0.5%	$70.98	+17.7%	COM	166764100
—	POTASH CORP SASK INC	28,241	$583K	0.5%	$18.25	—	COM	73755L107
RRC	RANGE RES CORP	33,770	$576K	0.5%	$30.27	-40.6%	COM	75281A109
ADM	ARCHER DANIELS MIDLAND CO	14,336	$575K	0.5%	$29.04	+11.4%	COM	039483102
—	WHITING PETE CORP NEW	21,681	$574K	0.5%	$26.47	—	COM NEW	966387409
MTDR	MATADOR RES CO	18,400	$573K	0.5%	$23.56	+16.5%	COM	576485205
SID	COMPANHIA SIDERURGICA NACION	231,430	$567K	0.5%	$2.97	—	SPONSORED ADR	20440W105
CTRA	CABOT OIL & GAS CORP	19,554	$559K	0.5%	$17.87	+12.8%	COM	127097103
—	KOSMOS ENERGY LTD	80,115	$549K	0.5%	$7.44	—	SHS	G5315B107
FSLR	FIRST SOLAR INC	8,073	$545K	0.5%	$34.59	+69.5%	COM	336433107
—	JAGGED PEAK ENERGY INC	34,463	$544K	0.5%	$15.79	—	COM	47009K107
PBR	PETROLEO BRASILEIRO SA PETRO	52,866	$544K	0.5%	$10.29	—	SPONSORED ADR	71654V408
KALU	KAISER ALUMINUM CORP	4,908	$524K	0.4%	$62.13	+22.5%	COM PAR $0.01	483007704
—	TAHOE RES INC	108,000	$520K	0.4%	$8.42	—	COM	873868103
AWK	AMERICAN WTR WKS CO INC NEW	5,667	$518K	0.4%	$61.71	+22.7%	COM	030420103
HBM	HUDBAY MINERALS INC	57,524	$511K	0.4%	$5.36	+45.5%	COM	443628102
RES	RPC INC	19,820	$506K	0.4%	$21.08	0.0%	COM	749660106
—	EXTRACTION OIL AND GAS INC	34,421	$493K	0.4%	$14.32	—	COM	30227M105
PUMP	PROPETRO HLDG CORP	24,420	$492K	0.4%	$16.95	0.0%	COM	74347M108
HTO	SJW GROUP	7,553	$482K	0.4%	$49.26	+28.5%	COM	784305104
—	BRF SA	41,946	$472K	0.4%	$15.15	—	SPONSORED ADR	10552T107
BKR	BAKER HUGHES A GE CO	14,724	$466K	0.4%	$27.38	-6.6%	CL A	05722G100
—	PARSLEY ENERGY INC	15,757	$464K	0.4%	$23.95	—	CL A	701877102
AWR	AMERICAN STS WTR CO	7,939	$460K	0.4%	$31.37	+49.9%	COM	029899101
NVRI	HARSCO CORP	24,410	$455K	0.4%	$10.16	+89.6%	COM	415864107
RIG	TRANSOCEAN LTD	42,169	$450K	0.4%	$19.97	-48.0%	REG SHS	H8817H100
—	ADVANTAGE OIL & GAS LTD	103,600	$447K	0.4%	$6.58	—	COM	00765F101
—	PETROCHINA CO LTD	6,351	$444K	0.4%	$105.84	—	SPONSORED ADR	71646E100
COP	CONOCOPHILLIPS	7,906	$434K	0.4%	$34.75	+14.1%	COM	20825C104
—	WPX ENERGY INC	29,935	$421K	0.3%	$13.80	—	COM	98212B103
ANDE	ANDERSONS INC	13,516	$421K	0.3%	$22.96	+21.0%	COM	034164103
CENX	CENTURY ALUM CO	20,993	$412K	0.3%	$11.81	+29.7%	COM	156431108
—	AGRIUM INC	3,543	$407K	0.3%	$98.12	—	COM	008916108
ERII	ENERGY RECOVERY INC	45,271	$396K	0.3%	$10.78	-15.5%	COM	29270J100
—	OSISKO GOLD ROYALTIES LTD	33,869	$393K	0.3%	$12.83	—	COM	68827L101
DAR	DARLING INGREDIENTS INC	21,105	$383K	0.3%	$16.54	+4.4%	COM	237266101
CSIQ	CANADIAN SOLAR INC	22,600	$381K	0.3%	$13.13	+30.8%	COM	136635109
CCJ	CAMECO CORP	40,653	$375K	0.3%	$12.58	-28.3%	COM	13321L108
—	SRC ENERGY INC	41,635	$355K	0.3%	$8.46	—	COM	78470V108
—	TURQUOISE HILL RES LTD	95,536	$328K	0.3%	$2.89	—	COM	900435108
—	PRECISION DRILLING CORP	108,397	$327K	0.3%	$3.69	—	COM 2010	74022D308
—	FRANKS INTL N V	47,252	$314K	0.3%	$14.56	—	COM	N33462107
RIO	RIO TINTO PLC	5,857	$310K	0.3%	$46.83	—	SPONSORED ADR	767204100
EPD	ENTERPRISE PRODS PARTNERS L	11,611	$308K	0.3%	$52.99	—	COM	293792107
HLX	HELIX ENERGY SOLUTIONS GRP I	40,329	$304K	0.3%	$8.86	-20.2%	COM	42330P107
—	GOLDCORP INC NEW	23,402	$299K	0.2%	$14.00	—	COM	380956409
EOG	EOG RES INC	2,752	$297K	0.2%	$65.55	+15.0%	COM	26875P101
E	ENI S P A	8,881	$295K	0.2%	$32.39	—	SPONSORED ADR	26874R108
AGCO	AGCO CORP	4,131	$295K	0.2%	$44.75	+30.0%	COM	001084102
—	LAREDO PETROLEUM INC	27,563	$292K	0.2%	$10.42	—	COM	516806106
—	ROYAL DUTCH SHELL PLC	4,364	$291K	0.2%	$57.71	—	SPONS ADR A	780259206
—	CALIFORNIA RES CORP	14,098	$274K	0.2%	$15.07	—	COM NEW	13057Q206
PTEN	PATTERSON UTI ENERGY INC	11,258	$259K	0.2%	$17.50	+18.4%	COM	703481101
—	FORUM ENERGY TECHNOLOGIES IN	16,465	$256K	0.2%	$12.77	—	COM	34984V100
DVN	DEVON ENERGY CORP NEW	6,100	$253K	0.2%	$38.78	-30.8%	COM	25179M103
—	SUNCOKE ENERGY PARTNERS L P	13,291	$232K	0.2%	$17.23	—	COMUNIT REP LT	86722Y101
CNX	CNX RESOURCES CORPORATION	15,343	$224K	0.2%	$13.81	0.0%	COM	12653C108
HP	HELMERICH & PAYNE INC	3,464	$224K	0.2%	$71.52	-21.6%	COM	423452101
CMC	COMMERCIAL METALS CO	10,455	$223K	0.2%	$17.11	0.0%	COM	201723103
OXY	OCCIDENTAL PETE CORP DEL	2,853	$210K	0.2%	$55.11	0.0%	COM	674599105
—	PRETIUM RES INC	18,379	$210K	0.2%	$9.30	—	COM	74139C102
—	APACHE CORP	4,914	$207K	0.2%	$87.74	—	COM	037411105
SU	SUNCOR ENERGY INC NEW	5,210	$192K	0.2%	$23.96	+6.9%	COM	867224107
BTE	BAYTEX ENERGY CORP	63,190	$190K	0.2%	$4.62	-39.2%	COM	07317Q105
—	NOBLE CORP PLC	40,889	$185K	0.2%	$5.90	—	SHS USD	G65431101
—	BRISTOW GROUP INC	13,233	$178K	0.1%	$15.86	—	COM	110394103
—	YAMANA GOLD INC	54,760	$171K	0.1%	$3.48	—	COM	98462Y100
—	SOUTHWESTERN ENERGY CO	30,316	$169K	0.1%	$18.83	—	COM	845467109
CMP	COMPASS MINERALS INTL INC	2,305	$167K	0.1%	$53.16	0.0%	COM	20451N101
YPF	YPF SOCIEDAD ANONIMA	7,305	$167K	0.1%	$22.86	—	SPON ADR CL D	984245100
—	NATIONAL OILWELL VARCO INC	4,493	$162K	0.1%	$36.06	—	COM	637071101
—	STATOIL ASA	7,415	$159K	0.1%	$21.44	—	SPONSORED ADR	85771P102
—	MAGELLAN MIDSTREAM PRTNRS LP	2,234	$158K	0.1%	$70.73	—	COM UNIT RP LP	559080106
CF	CF INDS HLDGS INC	3,589	$153K	0.1%	$30.73	0.0%	COM	125269100
—	UNITED STATES STL CORP NEW	4,315	$152K	0.1%	$35.23	—	COM	912909108
—	ENCANA CORP	11,052	$147K	0.1%	$13.55	—	COM	292505104
STLD	STEEL DYNAMICS INC	3,376	$146K	0.1%	$32.46	0.0%	COM	858119100
CWT	CALIFORNIA WTR SVC GROUP	3,213	$146K	0.1%	$36.64	0.0%	COM	130788102
CNH	CNH INDL N V	10,349	$139K	0.1%	$9.55	0.0%	SHS	N20944109
—	SUPERIOR ENERGY SVCS INC	14,108	$136K	0.1%	$30.56	—	COM	868157108
KGC	KINROSS GOLD CORP	29,003	$125K	0.1%	$3.72	+11.9%	COM NO PAR	496902404
IAG	IAMGOLD CORP	21,312	$124K	0.1%	$4.05	+41.0%	COM	450913108
KMI	KINDER MORGAN INC DEL	6,268	$113K	0.1%	$11.40	0.0%	COM	49456B101
—	ENSCO PLC	18,692	$110K	0.1%	$30.50	—	SHS CLASS A	G3157S106
—	HESS CORP	2,265	$108K	0.1%	$47.68	—	COM	42809H107
NGD	NEW GOLD INC CDA	31,758	$104K	0.1%	$3.84	-12.5%	COM	644535106
—	SANCHEZ ENERGY CORP	19,484	$103K	0.1%	$9.43	—	COM	79970Y105
—	NABORS INDUSTRIES LTD	14,835	$101K	0.1%	$24.31	—	SHS	G6359F103
—	SIBANYE STILLWATER	20,033	$101K	0.1%	$7.09	—	SPONSORED ADR	825724206
RGLD	ROYAL GOLD INC	1,149	$94,000	0.1%	$85.67	0.0%	COM	780287108
—	WEATHERFORD INTL PLC	22,377	$93,000	0.1%	$19.28	—	ORD SHS	G48833100
BVN	COMPANIA DE MINAS BUENAVENTU	6,317	$89,000	0.1%	$14.09	—	SPONSORED ADR	204448104
—	REXNORD CORP NEW	3,066	$80,000	0.1%	$26.09	—	COM	76169B102
—	ENERGY TRANSFER PARTNERS LP	4,363	$78,000	0.1%	$17.88	—	UNIT LTD PRT INT	29278N103
—	DIAMOND OFFSHORE DRILLING IN	4,109	$76,000	0.1%	$18.50	—	COM	25271C102
—	AQUA AMERICA INC	1,924	$75,000	0.1%	$38.98	—	COM	03836W103
PAA	PLAINS ALL AMERN PIPELINE L	3,469	$72,000	0.1%	$20.76	—	UNIT LTD PARTN	726503105
SXC	SUNCOKE ENERGY INC	5,735	$69,000	0.1%	$10.78	0.0%	COM	86722A103
MPLX	MPLX LP	1,774	$63,000	0.1%	$35.51	—	COM UNIT REP LTD	55336V100
MTUS	TIMKENSTEEL CORP	3,953	$60,000	0.0%	$15.20	0.0%	COM	887399103
IMO	IMPERIAL OIL LTD	1,846	$58,000	0.0%	$25.26	0.0%	COM NEW	453038408
—	WILLIAMS PARTNERS L P NEW	1,417	$55,000	0.0%	$38.81	—	COM UNIT LTD PAR	96949L105
—	BUCKEYE PARTNERS L P	1,114	$55,000	0.0%	$49.37	—	UNIT LTD PARTN	118230101
—	CHESAPEAKE ENERGY CORP	13,560	$54,000	0.0%	$7.47	—	COM	165167107
—	SANDSTORM GOLD LTD	10,617	$53,000	0.0%	$4.99	—	COM NEW	80013R206
FDP	FRESH DEL MONTE PRODUCE INC	1,116	$53,000	0.0%	$39.66	0.0%	ORD	G36738105
HAL	HALLIBURTON CO	1,078	$53,000	0.0%	$37.45	0.0%	COM	406216101
SSL	SASOL LTD	1,463	$50,000	0.0%	$34.18	—	SPONSORED ADR	803866300
MUR	MURPHY OIL CORP	1,444	$45,000	0.0%	$20.74	0.0%	COM	626717102
—	CIMAREX ENERGY CO	349	$43,000	0.0%	$123.21	—	COM	171798101
FCX	FREEPORT-MCMORAN INC	2,108	$40,000	0.0%	$12.64	+8.2%	CL B	35671D857
TS	TENARIS S A	1,120	$36,000	0.0%	$32.14	—	SPONSORED ADR	88031M109
—	BASIC ENERGY SVCS INC NEW	1,551	$36,000	0.0%	$23.21	—	COM NEW	06985P209
MT	ARCELORMITTAL SA LUXEMBOURG	1,076	$35,000	0.0%	$32.53	—	NY REGISTRY SH	03938L203
—	ISRAEL CHEMICALS LTD	8,682	$35,000	0.0%	$4.03	—	SHS	M5920A109
ATI	ALLEGHENY TECHNOLOGIES INC	1,429	$34,000	0.0%	$23.80	0.0%	COM	01741R102
—	GULFPORT ENERGY CORP	2,654	$34,000	0.0%	$12.81	—	COM NEW	402635304
CNQ	CANADIAN NAT RES LTD	897	$32,000	0.0%	$11.45	0.0%	COM	136385101
—	EXTERRAN CORP	1,014	$32,000	0.0%	$31.56	—	COM	30227H106
—	WILDHORSE RESOURCE DEV CORP	1,639	$30,000	0.0%	$18.30	—	COM	96812T102
FMC	F M C CORP	301	$28,000	0.0%	$65.31	0.0%	COM NEW	302491303
JKS	JINKOSOLAR HLDG CO LTD	1,037	$25,000	0.0%	$24.11	—	SPONSORED ADR	47759T100
FANG	DIAMONDBACK ENERGY INC	193	$24,000	0.0%	$66.84	+25.4%	COM	25278X109
AA	ALCOA CORP	418	$23,000	0.0%	$36.63	+19.2%	COM	013872106
—	VEDANTA LTD	1,056	$22,000	0.0%	$20.83	—	SPONSORED ADR	92242Y100