Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TECK	TECK RESOURCES LTD	199,816	$4.632M	2.6%	$22.08	+2.1%	CL B	878742204
RIO	RIO TINTO PLC	56,166	$3.305M	1.9%	$52.82	—	SPONSORED ADR	767204100
AGCO	AGCO CORP	46,244	$3.216M	1.8%	$52.50	+1.8%	COM	001084102
AWK	AMERICAN WTR WKS CO INC NEW	30,128	$3.141M	1.8%	$80.83	+6.7%	COM	030420103
SCCO	SOUTHERN COPPER CORP	78,250	$3.105M	1.8%	$27.54	-11.4%	COM	84265V105
DE	DEERE & CO	18,987	$3.035M	1.7%	$126.48	+14.3%	COM	244199105
TSN	TYSON FOODS INC	38,705	$2.687M	1.5%	$50.61	+0.6%	CL A	902494103
NTR	NUTRIEN LTD	49,271	$2.6M	1.5%	$40.46	+1.9%	COM	67077M108
—	CONTINENTAL RESOURCES INC	54,133	$2.424M	1.4%	$53.41	—	COM	212015101
HCC	WARRIOR MET COAL INC	78,529	$2.387M	1.4%	$26.18	+4.5%	COM	93627C101
CF	CF INDS HLDGS INC	57,444	$2.348M	1.3%	$36.19	-1.2%	COM	125269100
—	BUNGE LIMITED	44,130	$2.342M	1.3%	$72.74	—	COM	G16962105
—	CARRIZO OIL & GAS INC	183,082	$2.283M	1.3%	$15.20	—	COM	144577103
DAR	DARLING INGREDIENTS INC	105,224	$2.278M	1.3%	$19.31	+9.3%	COM	237266101
PNR	PENTAIR PLC	51,079	$2.274M	1.3%	$36.68	+2.8%	SHS	G7S00T104
PPC	PILGRIMS PRIDE CORP NEW	101,238	$2.257M	1.3%	$19.93	-1.6%	COM	72147K108
SQM	SOCIEDAD QUIMICA MINERA DE C	55,449	$2.131M	1.2%	$37.88	—	SPON ADR SER B	833635105
FMC	F M C CORP	27,276	$2.095M	1.2%	$61.08	-1.1%	COM NEW	302491303
FCX	FREEPORT-MCMORAN INC	157,593	$2.031M	1.2%	$13.63	-18.4%	CL B	35671D857
INGR	INGREDION INC	20,718	$1.962M	1.1%	$109.20	-13.5%	COM	457187102
HBM	HUDBAY MINERALS INC	273,100	$1.952M	1.1%	$5.27	+17.3%	COM	443628102
CMP	COMPASS MINERALS INTL INC	35,281	$1.918M	1.1%	$50.82	-16.5%	COM	20451N101
—	CHESAPEAKE ENERGY CORP	615,714	$1.909M	1.1%	$3.12	—	COM	165167107
SBS	COMPANHIA DE SANEAMENTO BASI	179,585	$1.9M	1.1%	$5.47	—	SPONSORED ADR	20441A102
—	AQUA AMERICA INC	50,843	$1.853M	1.1%	$34.89	—	COM	03836W103
—	UNITED STATES STL CORP NEW	93,920	$1.831M	1.0%	$23.46	—	COM	912909108
—	CNOOC LTD	9,441	$1.754M	1.0%	$172.04	—	SPONSORED ADR	126132109
—	REXNORD CORP NEW	68,311	$1.717M	1.0%	$29.95	—	COM	76169B102
AA	ALCOA CORP	60,247	$1.697M	1.0%	$31.02	-11.9%	COM	013872106
—	OASIS PETE INC NEW	276,329	$1.669M	0.9%	$5.78	—	COM	674215108
MPC	MARATHON PETE CORP	26,251	$1.571M	0.9%	$33.16	+52.1%	COM	56585A102
—	APACHE CORP	45,184	$1.566M	0.9%	$49.24	—	COM	037411105
EOG	EOG RES INC	16,293	$1.551M	0.9%	$81.07	-11.3%	COM	26875P101
CALM	CAL MAINE FOODS INC	34,455	$1.538M	0.9%	$33.23	+0.9%	COM NEW	128030202
—	BRF SA	258,571	$1.505M	0.9%	$7.09	—	SPONSORED ADR	10552T107
WTI	W & T OFFSHORE INC	214,902	$1.483M	0.8%	$6.48	-16.2%	COM	92922P106
—	ENCANA CORP	203,011	$1.47M	0.8%	$8.13	—	COM	292505104
CNH	CNH INDL N V	143,171	$1.46M	0.8%	$9.41	-16.7%	SHS	N20944109
VLO	VALERO ENERGY CORP NEW	17,028	$1.444M	0.8%	$33.39	+86.9%	COM	91913Y100
—	GULFPORT ENERGY CORP	174,713	$1.401M	0.8%	$9.29	—	COM NEW	402635304
HRL	HORMEL FOODS CORP	30,595	$1.369M	0.8%	$35.65	0.0%	COM	440452100
—	PDC ENERGY INC	33,443	$1.36M	0.8%	$54.79	—	COM	69327R101
DVN	DEVON ENERGY CORP NEW	42,830	$1.352M	0.8%	$27.14	-26.2%	COM	25179M103
—	AK STL HLDG CORP	486,108	$1.337M	0.8%	$3.68	—	COM	001547108
ADM	ARCHER DANIELS MIDLAND CO	30,586	$1.319M	0.7%	$32.64	+6.9%	COM	039483102
—	CALLON PETE CO DEL	173,453	$1.31M	0.7%	$8.69	—	COM	13123X102
—	SRC ENERGY INC	254,137	$1.301M	0.7%	$7.13	—	COM	78470V108
RES	RPC INC	111,025	$1.267M	0.7%	$13.19	-26.4%	COM	749660106
CLF	CLEVELAND CLIFFS INC	126,654	$1.265M	0.7%	$8.63	+10.5%	COM	185899101
MTDR	MATADOR RES CO	63,598	$1.229M	0.7%	$23.14	-19.5%	COM	576485205
—	EXTRACTION OIL AND GAS INC	285,613	$1.208M	0.7%	$5.50	—	COM	30227M105
—	HESS CORP	19,973	$1.203M	0.7%	$44.22	—	COM	42809H107
—	NOBLE ENERGY INC	48,207	$1.192M	0.7%	$34.89	—	COM	655044105
STLD	STEEL DYNAMICS INC	33,604	$1.185M	0.7%	$30.77	-0.3%	COM	858119100
—	PIONEER NAT RES CO	7,772	$1.184M	0.7%	$159.95	—	COM	723787107
—	HOLLYFRONTIER CORP	23,735	$1.169M	0.7%	$46.20	—	COM	436106108
—	LAREDO PETROLEUM INC	377,996	$1.168M	0.7%	$4.44	—	COM	516806106
CENX	CENTURY ALUM CO	130,922	$1.163M	0.7%	$9.21	-6.0%	COM	156431108
—	WHITING PETE CORP NEW	43,935	$1.148M	0.7%	$26.54	—	COM NEW	966387409
—	TELLURIAN INC NEW	99,588	$1.115M	0.6%	$10.17	—	COM	87968A104
FANG	DIAMONDBACK ENERGY INC	10,984	$1.115M	0.6%	$83.26	-4.5%	COM	25278X109
RYN	RAYONIER INC	35,226	$1.11M	0.6%	$31.91	—	COM	754907103
—	CIMAREX ENERGY CO	15,643	$1.093M	0.6%	$78.08	—	COM	171798101
—	VIPER ENERGY PARTNERS LP	32,031	$1.062M	0.6%	$32.77	—	COM UNT RP INT	92763M105
—	SANDERSON FARMS INC	7,963	$1.05M	0.6%	$103.37	—	COM	800013104
—	PARSLEY ENERGY INC	54,304	$1.048M	0.6%	$21.27	—	CL A	701877102
FTI	TECHNIPFMC PLC	43,788	$1.03M	0.6%	$20.40	-22.1%	COM	G87110105
ENPH	ENPHASE ENERGY INC	110,138	$1.017M	0.6%	$7.12	+6.9%	COM	29355A107
OII	OCEANEERING INTL INC	61,612	$972K	0.6%	$30.19	-48.7%	COM	675232102
KOS	KOSMOS ENERGY LTD	155,892	$971K	0.6%	$5.73	-7.3%	COM	500688106
—	WPX ENERGY INC	71,890	$942K	0.5%	$12.84	—	COM	98212B103
AR	ANTERO RES CORP	105,376	$930K	0.5%	$14.94	-36.8%	COM	03674X106
COP	CONOCOPHILLIPS	13,757	$918K	0.5%	$44.99	+17.8%	COM	20825C104
CVX	CHEVRON CORP NEW	7,280	$897K	0.5%	$80.05	+9.3%	COM	166764100
PCH	POTLATCHDELTIC CORPORATION	23,686	$895K	0.5%	$39.91	—	COM	737630103
—	NABORS INDUSTRIES LTD	258,613	$890K	0.5%	$5.47	—	SHS	G6359F103
PTEN	PATTERSON UTI ENERGY INC	63,119	$885K	0.5%	$16.21	-19.1%	COM	703481101
—	TOTAL S A	15,474	$861K	0.5%	$64.39	—	SPONSORED ADS	89151E109
PSX	PHILLIPS 66	9,027	$859K	0.5%	$43.93	+63.7%	COM	718546104
TX	TERNIUM SA	30,973	$843K	0.5%	$24.54	—	SPONSORED ADS	880890108
MOS	MOSAIC CO NEW	30,843	$842K	0.5%	$24.15	+11.4%	COM	61945C103
—	ANADARKO PETE CORP	18,356	$835K	0.5%	$51.01	—	COM	032511107
YPF	YPF SOCIEDAD ANONIMA	57,524	$806K	0.5%	$14.20	—	SPON ADR CL D	984245100
—	ROWAN COMPANIES PLC	73,838	$797K	0.5%	$15.06	—	SHS CL A	G7665A101
—	CONCHO RES INC	7,184	$797K	0.5%	$113.57	—	COM	20605P101
CWT	CALIFORNIA WTR SVC GROUP	14,478	$786K	0.4%	$35.93	+21.9%	COM	130788102
—	EVOQUA WATER TECHNOLOGIES CO	60,981	$767K	0.4%	$11.14	—	COM	30057T105
SLB	SCHLUMBERGER LTD	17,117	$746K	0.4%	$50.94	-29.8%	COM	806857108
CCJ	CAMECO CORP	60,008	$707K	0.4%	$11.70	+0.2%	COM	13321L108
—	ROYAL DUTCH SHELL PLC	11,264	$705K	0.4%	$61.36	—	SPONS ADR A	780259206
AWR	AMERICAN STS WTR CO	9,886	$705K	0.4%	$37.86	+58.8%	COM	029899101
SM	SM ENERGY CO	39,672	$694K	0.4%	$16.34	-1.9%	COM	78454L100
BKR	BAKER HUGHES A GE CO	24,868	$689K	0.4%	$24.91	-16.6%	CL A	05722G100
RUN	SUNRUN INC	48,202	$678K	0.4%	$13.77	0.0%	COM	86771W105
—	CENTENNIAL RESOURCE DEV INC	76,913	$676K	0.4%	$11.47	—	CL A	15136A102
NVRI	HARSCO CORP	33,439	$674K	0.4%	$14.19	+51.8%	COM	415864107
GPRE	GREEN PLAINS INC	40,142	$670K	0.4%	$15.27	-1.8%	COM	393222104
—	CRESCENT PT ENERGY CORP	205,400	$666K	0.4%	$5.48	—	COM	22576C101
SEDG	SOLAREDGE TECHNOLOGIES INC	17,414	$656K	0.4%	$41.65	-4.1%	COM	83417M104
BP	BP PLC	14,957	$654K	0.4%	$38.27	—	SPONSORED ADR	055622104
OXY	OCCIDENTAL PETE CORP	9,592	$635K	0.4%	$57.10	-1.1%	COM	674599105
—	CORE LABORATORIES N V	9,196	$634K	0.4%	$104.40	—	COM	N22717107
—	PETROCHINA CO LTD	9,501	$622K	0.4%	$65.47	—	SPONSORED ADR	71646E100
CSIQ	CANADIAN SOLAR INC	32,743	$610K	0.3%	$13.87	+48.3%	COM	136635109
NEM	NEWMONT MNG CORP	16,590	$593K	0.3%	$30.43	-10.1%	COM	651639106
—	UNIT CORP	41,172	$586K	0.3%	$14.23	—	COM	909218109
TPICQ	TPI COMPOSITES INC	20,459	$586K	0.3%	$29.14	+1.7%	COM	87266J104
PKX	POSCO	10,308	$569K	0.3%	$56.48	—	SPONSORED ADR	693483109
CRS	CARPENTER TECHNOLOGY CORP	12,392	$568K	0.3%	$35.71	+10.2%	COM	144285103
—	SCHNITZER STL INDS	23,643	$567K	0.3%	$26.69	—	CL A	806882106
GFI	GOLD FIELDS LTD NEW	148,492	$554K	0.3%	$3.65	—	SPONSORED ADR	38059T106
—	BP PRUDHOE BAY RTY TR	20,785	$553K	0.3%	$25.32	—	UNIT BEN INT	055630107
ARLP	ALLIANCE RES PARTNER L P	26,817	$546K	0.3%	$20.15	—	UT LTD PART	01877R108
OIS	OIL STS INTL INC	32,065	$544K	0.3%	$27.61	-38.7%	COM	678026105
PUMP	PROPETRO HLDG CORP	24,039	$542K	0.3%	$17.15	+4.4%	COM	74347M108
—	VEDANTA LTD	50,523	$534K	0.3%	$13.43	—	SPONSORED ADR	92242Y100
—	HIGHPOINT RES CORP	239,977	$530K	0.3%	$2.27	—	COM	43114K108
FDP	FRESH DEL MONTE PRODUCE INC	19,177	$518K	0.3%	$36.32	-30.6%	ORD	G36738105
—	RENEWABLE ENERGY GROUP INC	23,466	$515K	0.3%	$22.44	—	COM NEW	75972A301
—	QEP RES INC	65,774	$512K	0.3%	$11.81	—	COM	74733V100
—	JAGGED PEAK ENERGY INC	48,551	$508K	0.3%	$12.21	—	COM	47009K107
HTO	SJW GROUP	8,125	$502K	0.3%	$59.37	+1.1%	COM	784305104
—	CHINA PETE & CHEM CORP	6,234	$496K	0.3%	$79.56	—	SPON ADR H SHS	16941R108
—	FTS INTERNATIONAL INC	48,483	$485K	0.3%	$9.27	—	COM	30283W104
—	ENERPLUS CORP	57,570	$484K	0.3%	$11.25	—	COM	292766102
SU	SUNCOR ENERGY INC NEW	14,910	$483K	0.3%	$27.87	-11.0%	COM	867224107
HAL	HALLIBURTON CO	16,218	$475K	0.3%	$35.57	-26.2%	COM	406216101
ANDE	ANDERSONS INC	14,465	$466K	0.3%	$23.78	+24.6%	COM	034164103
MUR	MURPHY OIL CORP	15,364	$450K	0.3%	$22.43	-1.7%	COM	626717102
—	MARATHON OIL CORP	26,770	$447K	0.3%	$19.61	—	COM	565849106
HLX	HELIX ENERGY SOLUTIONS GRP I	54,954	$435K	0.2%	$8.83	-18.9%	COM	42330P107
—	CONSOL ENERGY INC NEW	12,649	$433K	0.2%	$34.23	—	COM	20854L108
XOM	EXXON MOBIL CORP	5,340	$431K	0.2%	$56.71	-2.2%	COM	30231G102
—	KEANE GROUP INC	39,456	$430K	0.2%	$9.83	—	COM	48669A108
MT	ARCELORMITTAL SA LUXEMBOURG	20,906	$426K	0.2%	$20.89	—	NY REGISTRY SH	03938L203
HP	HELMERICH & PAYNE INC	7,607	$423K	0.2%	$64.14	-15.1%	COM	423452101
—	SUPERIOR ENERGY SVCS INC	89,143	$416K	0.2%	$12.45	—	COM	868157108
E	ENI S P A	11,804	$416K	0.2%	$33.12	—	SPONSORED ADR	26874R108
VALE	VALE S A	31,773	$415K	0.2%	$12.43	—	SPONSORED ADS	91912E105
WTTR	SELECT ENERGY SVCS INC	34,057	$409K	0.2%	$8.72	—	CL A COM	81617J301
ERII	ENERGY RECOVERY INC	44,505	$389K	0.2%	$10.78	-26.2%	COM	29270J100
IAG	IAMGOLD CORP	111,565	$387K	0.2%	$5.40	-35.2%	COM	450913108
AGRO	ADECOAGRO S A	56,045	$386K	0.2%	$8.78	-27.8%	COM	L00849106
—	NORTHERN OIL & GAS INC NEV	140,177	$384K	0.2%	$2.74	—	COM	665531109
PBR	PETROLEO BRASILEIRO SA PETRO	23,174	$369K	0.2%	$12.94	—	SPONSORED ADR	71654V408
SEI	SOLARIS OILFIELD INFRSTR INC	21,863	$359K	0.2%	$11.65	-1.0%	COM CL A	83418M103
EPD	ENTERPRISE PRODS PARTNERS L	11,457	$333K	0.2%	$52.99	—	COM	293792107
—	DIAMOND OFFSHORE DRILLING IN	30,789	$323K	0.2%	$20.62	—	COM	25271C102
AGI	ALAMOS GOLD INC NEW	62,527	$318K	0.2%	$5.72	-24.8%	COM CL A	011532108
—	U S SILICA HLDGS INC	18,324	$318K	0.2%	$28.20	—	COM	90346E103
—	BONANZA CREEK ENERGY INC	13,885	$315K	0.2%	$28.95	—	COM NEW	097793400
PAAS	PAN AMERICAN SILVER CORP	23,711	$314K	0.2%	$14.90	-6.0%	PAN AMERICAN SILVER CORP	697900108
REI	RING ENERGY INC	53,199	$312K	0.2%	$8.73	-31.9%	COM	76680V108
GGB	GERDAU S A	78,132	$303K	0.2%	$3.87	—	SPON ADR REP PFD	373737105
—	C&J ENERGY SVCS INC NEW	18,856	$293K	0.2%	$27.00	—	COM	12674R100
—	FRANKS INTL N V	46,545	$289K	0.2%	$13.13	—	COM	N33462107
KGC	KINROSS GOLD CORP	81,342	$280K	0.2%	$3.74	-10.9%	COM	496902404
BHP	BHP GROUP LTD	5,106	$279K	0.2%	$48.94	—	SPONSORED ADS	088606108
RRC	RANGE RES CORP	24,123	$271K	0.2%	$30.03	-63.9%	COM	75281A109
BVN	COMPANIA DE MINAS BUENAVENTU	13,867	$240K	0.1%	$14.08	—	SPONSORED ADR	204448104
—	CALIFORNIA RES CORP	9,092	$234K	0.1%	$15.07	—	COM NEW	13057Q206
—	LIVENT CORP	18,900	$232K	0.1%	$12.28	—	COM	53814L108
AEM	AGNICO EAGLE MINES LTD	5,214	$227K	0.1%	$36.33	+0.2%	COM	008474108
GPRK	GEOPARK LTD	12,980	$224K	0.1%	$17.73	0.0%	USD SHS	G38327105
WPM	WHEATON PRECIOUS METALS CORP	9,246	$220K	0.1%	$18.43	+6.3%	COM	962879102
—	HI-CRUSH PARTNERS LP	47,995	$214K	0.1%	$4.33	—	COM UNIT LTD	428337109
—	GRAN TIERRA ENERGY INC	91,477	$208K	0.1%	$2.27	—	COM	38500T101
AROC	ARCHROCK INC	20,513	$201K	0.1%	$6.77	-5.6%	COM	03957W106
RIG	TRANSOCEAN LTD	22,975	$200K	0.1%	$19.67	-56.5%	REG SHS	H8817H100
—	SANDSTORM GOLD LTD	36,047	$198K	0.1%	$4.43	—	COM NEW	80013R206
—	ISRAEL CHEMICALS LTD	37,747	$196K	0.1%	$5.64	—	SHS	M5920A109
HL	HECLA MNG CO	83,971	$193K	0.1%	$3.99	-39.2%	COM	422704106
CNX	CNX RESOURCES CORPORATION	16,884	$182K	0.1%	$13.91	-18.9%	COM	12653C108
CVE	CENOVUS ENERGY INC	19,066	$166K	0.1%	$11.77	-38.2%	COM	15135U109
—	NOBLE CORP PLC	53,876	$155K	0.1%	$5.22	—	SHS USD	G65431101
—	MCDERMOTT INTL INC	20,632	$154K	0.1%	$19.67	—	COM	580037703
—	SOUTHWESTERN ENERGY CO	32,128	$151K	0.1%	$18.05	—	COM	845467109
BTG	B2GOLD CORP	52,500	$147K	0.1%	$2.06	+15.6%	COM	11777Q209
SXC	SUNCOKE ENERGY INC	17,185	$146K	0.1%	$12.28	-20.9%	COM	86722A103
—	FORTUNA SILVER MINES INC	41,060	$138K	0.1%	$5.13	—	COM	349915108
—	DEAN FOODS CO NEW	42,948	$130K	0.1%	$3.82	—	COM NEW	242370203
—	FORUM ENERGY TECHNOLOGIES IN	23,687	$121K	0.1%	$6.33	—	COM	34984V100
—	PRECISION DRILLING CORP	47,646	$114K	0.1%	$3.63	—	COM 2010	74022D308
—	PRETIUM RES INC	11,303	$97,000	0.1%	$8.30	—	COM	74139C102
—	HALCON RES CORP	71,447	$96,000	0.1%	$6.23	—	COM PAR NEW	40537Q605
CRK	COMSTOCK RES INC	13,183	$91,000	0.1%	$6.25	0.0%	COM	205768302
—	ENSCO PLC	19,586	$77,000	0.0%	$25.53	—	SHS CLASS A	G3157S106
—	SUNPOWER CORP	11,232	$73,000	0.0%	$6.59	—	COM	867652406
CDE	COEUR MNG INC	14,012	$57,000	0.0%	$5.50	-12.2%	COM NEW	192108504
—	SIBANYE STILLWATER	11,190	$46,000	0.0%	$4.07	—	SPONSORED ADR	825724206
BTE	BAYTEX ENERGY CORP	19,466	$33,000	0.0%	$3.29	-49.2%	COM	07317Q105
—	DENBURY RES INC	10,797	$22,000	0.0%	$6.20	—	COM NEW	247916208