Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSN	TYSON FOODS INC	66,392	$5.719M	3.6%	$60.00	+17.8%	CL A	902494103
—	SANDERSON FARMS INC	31,208	$4.723M	3.0%	$139.74	—	COM	800013104
PPC	PILGRIMS PRIDE CORP NEW	128,128	$4.106M	2.6%	$22.56	+28.8%	COM	72147K108
AWK	AMERICAN WTR WKS CO INC NEW	31,337	$3.893M	2.4%	$82.29	+30.1%	COM	030420103
—	BUNGE LIMITED	60,451	$3.423M	2.1%	$68.34	—	COM	G16962105
DE	DEERE & CO	19,630	$3.311M	2.1%	$129.84	+12.5%	COM	244199105
TECK	TECK RESOURCES LTD	200,105	$3.248M	2.0%	$22.11	-14.6%	CL B	878742204
RIO	RIO TINTO PLC	61,561	$3.207M	2.0%	$53.72	—	SPONSORED ADR	767204100
AGCO	AGCO CORP	38,948	$2.948M	1.8%	$52.50	+16.0%	COM	001084102
—	UNITED STATES STL CORP NEW	249,764	$2.885M	1.8%	$18.39	—	COM	912909108
FMC	F M C CORP	32,253	$2.828M	1.8%	$61.96	+15.2%	COM NEW	302491303
—	CONTINENTAL RESOURCES INC	85,744	$2.64M	1.7%	$48.41	—	COM	212015101
—	BRF SA	284,669	$2.608M	1.6%	$7.17	—	SPONSORED ADR	10552T107
INGR	INGREDION INC	28,810	$2.355M	1.5%	$101.46	-21.8%	COM	457187102
—	SRC ENERGY INC	484,935	$2.26M	1.4%	$6.08	—	COM	78470V108
SBS	COMPANHIA DE SANEAMENTO BASI	183,145	$2.176M	1.4%	$6.21	—	SPONSORED ADR	20441A102
CMP	COMPASS MINERALS INTL INC	36,375	$2.055M	1.3%	$50.18	-7.9%	COM	20451N101
DAR	DARLING INGREDIENTS INC	101,513	$1.942M	1.2%	$19.33	+1.1%	COM	237266101
—	AQUA AMERICA INC	43,228	$1.938M	1.2%	$35.14	—	COM	03836W103
EOG	EOG RES INC	25,356	$1.882M	1.2%	$76.76	-19.9%	COM	26875P101
—	PIONEER NAT RES CO	14,119	$1.776M	1.1%	$141.74	—	COM	723787107
DVN	DEVON ENERGY CORP NEW	71,265	$1.715M	1.1%	$24.47	-26.2%	COM	25179M103
CNH	CNH INDL N V	165,945	$1.684M	1.1%	$9.03	-13.2%	SHS	N20944109
—	WPX ENERGY INC	158,882	$1.683M	1.1%	$12.09	—	COM	98212B103
—	LAREDO PETROLEUM INC	693,217	$1.671M	1.0%	$3.70	—	COM	516806106
—	CONCHO RES INC	24,213	$1.644M	1.0%	$101.13	—	COM	20605P101
—	PARSLEY ENERGY INC	97,484	$1.638M	1.0%	$19.99	—	CL A	701877102
COP	CONOCOPHILLIPS	28,292	$1.612M	1.0%	$47.35	-4.3%	COM	20825C104
MPC	MARATHON PETE CORP	26,426	$1.605M	1.0%	$33.16	+30.0%	COM	56585A102
TS	TENARIS S A	73,324	$1.553M	1.0%	$21.18	—	SPONSORED ADS	88031M109
RYN	RAYONIER INC	53,697	$1.514M	1.0%	$31.22	—	COM	754907103
—	MARATHON OIL CORP	122,120	$1.498M	0.9%	$14.86	—	COM	565849106
PCH	POTLATCHDELTIC CORPORATION	35,966	$1.478M	0.9%	$39.49	—	COM	737630103
VLO	VALERO ENERGY CORP NEW	17,141	$1.461M	0.9%	$33.39	+87.1%	COM	91913Y100
—	AK STL HLDG CORP	642,702	$1.459M	0.9%	$2.61	—	COM	001547108
STLD	STEEL DYNAMICS INC	48,019	$1.431M	0.9%	$29.38	-11.9%	COM	858119100
—	GULFPORT ENERGY CORP	508,947	$1.379M	0.9%	$5.09	—	COM NEW	402635304
HRL	HORMEL FOODS CORP	30,800	$1.347M	0.8%	$35.65	-1.0%	COM	440452100
PNR	PENTAIR PLC	35,530	$1.343M	0.8%	$33.98	0.0%	SHS	G7S00T104
—	CALLON PETE CO DEL	309,244	$1.342M	0.8%	$7.48	—	COM	13123X102
—	CIMAREX ENERGY CO	27,759	$1.331M	0.8%	$69.92	—	COM	171798101
SEDG	SOLAREDGE TECHNOLOGIES INC	15,443	$1.293M	0.8%	$74.55	0.0%	COM	83417M104
ADM	ARCHER DANIELS MIDLAND CO	31,364	$1.288M	0.8%	$32.75	+0.9%	COM	039483102
—	HOLLYFRONTIER CORP	23,894	$1.282M	0.8%	$46.20	—	COM	436106108
MTDR	MATADOR RES CO	76,919	$1.271M	0.8%	$22.15	-24.6%	COM	576485205
OXY	OCCIDENTAL PETE CORP	28,499	$1.267M	0.8%	$51.07	-18.3%	COM	674599105
—	EVOQUA WATER TECHNOLOGIES CO	74,372	$1.266M	0.8%	$11.83	—	COM	30057T105
RES	RPC INC	222,034	$1.246M	0.8%	$10.73	-49.3%	COM	749660106
SM	SM ENERGY CO	126,038	$1.221M	0.8%	$13.76	-32.9%	COM	78454L100
—	PDC ENERGY INC	41,283	$1.146M	0.7%	$49.99	—	COM	69327R101
GGB	GERDAU S A	361,791	$1.14M	0.7%	$3.89	—	SPON ADR REP PFD	373737105
CMC	COMMERCIAL METALS CO	63,457	$1.103M	0.7%	$14.61	+5.3%	COM	201723103
—	ENCANA CORP	239,568	$1.102M	0.7%	$7.61	—	COM	292505104
CALM	CAL MAINE FOODS INC	27,422	$1.096M	0.7%	$33.14	-2.7%	COM NEW	128030202
—	CNOOC LTD	7,142	$1.087M	0.7%	$172.04	—	SPONSORED ADR	126132109
CENX	CENTURY ALUM CO	158,511	$1.052M	0.7%	$8.76	-24.4%	COM	156431108
PTEN	PATTERSON UTI ENERGY INC	120,896	$1.034M	0.6%	$14.44	-32.1%	COM	703481101
AWR	AMERICAN STS WTR CO	11,288	$1.014M	0.6%	$41.05	+80.9%	COM	029899101
WTI	W & T OFFSHORE INC	230,600	$1.008M	0.6%	$5.93	-22.9%	COM	92922P106
—	NOBLE ENERGY INC	44,092	$990K	0.6%	$33.52	—	COM	655044105
AA	ALCOA CORP	48,694	$977K	0.6%	$31.02	-36.0%	COM	013872106
PSX	PHILLIPS 66	9,088	$931K	0.6%	$43.93	+75.9%	COM	718546104
AR	ANTERO RES CORP	306,705	$926K	0.6%	$7.83	-47.9%	COM	03674X106
HCC	WARRIOR MET COAL INC	46,699	$912K	0.6%	$26.18	-14.5%	COM	93627C101
GFI	GOLD FIELDS LTD NEW	183,820	$904K	0.6%	$3.98	—	SPONSORED ADR	38059T106
—	VIPER ENERGY PARTNERS LP	31,932	$884K	0.6%	$31.79	—	COM UNT RP INT	92763M105
—	EXTRACTION OIL AND GAS INC	295,794	$870K	0.5%	$5.43	—	COM	30227M105
MT	ARCELORMITTAL SA LUXEMBOURG	60,977	$868K	0.5%	$17.40	—	NY REGISTRY SH	03938L203
—	TELLURIAN INC NEW	104,063	$865K	0.5%	$10.07	—	COM	87968A104
ENPH	ENPHASE ENERGY INC	38,106	$847K	0.5%	$7.12	+260.2%	COM	29355A107
CWT	CALIFORNIA WTR SVC GROUP	15,426	$816K	0.5%	$36.42	+29.0%	COM	130788102
—	JAGGED PEAK ENERGY INC	105,805	$768K	0.5%	$10.08	—	COM	47009K107
—	RENEWABLE ENERGY GROUP INC	50,261	$754K	0.5%	$18.93	—	COM NEW	75972A301
HBM	HUDBAY MINERALS INC	205,800	$743K	0.5%	$5.27	-22.8%	COM	443628102
—	TOTAL S A	14,243	$741K	0.5%	$61.81	—	SPONSORED ADS	89151E109
CVX	CHEVRON CORP NEW	6,012	$713K	0.4%	$80.05	+14.4%	COM	166764100
CSIQ	CANADIAN SOLAR INC	37,211	$703K	0.4%	$14.73	+47.7%	COM	136635109
XOM	EXXON MOBIL CORP	9,957	$703K	0.4%	$56.79	-5.3%	COM	30231G102
—	CENTENNIAL RESOURCE DEV INC	153,271	$692K	0.4%	$9.18	—	CL A	15136A102
FDP	FRESH DEL MONTE PRODUCE INC	20,113	$686K	0.4%	$35.72	-32.0%	ORD	G36738105
TX	TERNIUM SA	34,832	$668K	0.4%	$24.31	—	SPONSORED ADS	880890108
NVRI	HARSCO CORP	34,613	$656K	0.4%	$14.53	+45.9%	COM	415864107
RUN	SUNRUN INC	37,888	$633K	0.4%	$17.46	0.0%	COM	86771W105
YPF	YPF SOCIEDAD ANONIMA	67,136	$621K	0.4%	$13.89	—	SPON ADR CL D	984245100
SU	SUNCOR ENERGY INC NEW	19,610	$619K	0.4%	$26.54	-12.0%	COM	867224107
CCJ	CAMECO CORP	64,263	$610K	0.4%	$11.62	-21.2%	COM	13321L108
AGI	ALAMOS GOLD INC NEW	104,468	$606K	0.4%	$5.31	+19.2%	COM CL A	011532108
FANG	DIAMONDBACK ENERGY INC	6,735	$606K	0.4%	$83.26	-7.0%	COM	25278X109
BP	BP PLC	15,453	$587K	0.4%	$38.42	—	SPONSORED ADR	055622104
—	KEANE GROUP INC	95,141	$577K	0.4%	$8.01	—	COM	48669A108
SLB	SCHLUMBERGER LTD	16,641	$569K	0.4%	$48.77	-36.5%	COM	806857108
HTO	SJW GROUP	8,165	$558K	0.4%	$59.37	+10.6%	COM	784305104
—	WHITING PETE CORP NEW	66,924	$537K	0.3%	$23.45	—	COM NEW	966387409
PKX	POSCO	11,236	$530K	0.3%	$56.20	—	SPONSORED ADR	693483109
MUR	MURPHY OIL CORP	23,941	$529K	0.3%	$21.41	-20.5%	COM	626717102
—	REXNORD CORP NEW	19,092	$516K	0.3%	$29.95	—	COM	76169B102
HLX	HELIX ENERGY SOLUTIONS GRP I	63,420	$511K	0.3%	$8.69	-7.2%	COM	42330P107
—	SCHNITZER STL INDS	24,265	$501K	0.3%	$26.67	—	CL A	806882106
—	CORE LABORATORIES N V	10,665	$497K	0.3%	$97.22	—	COM	N22717107
BKR	BAKER HUGHES A GE CO	21,125	$490K	0.3%	$24.21	-19.3%	CL A	05722G100
—	PETROCHINA CO LTD	9,463	$481K	0.3%	$65.47	—	SPONSORED ADR	71646E100
—	ENERPLUS CORP	63,764	$475K	0.3%	$10.89	—	COM	292766102
CLF	CLEVELAND CLIFFS INC	65,524	$473K	0.3%	$8.63	+0.5%	COM	185899101
—	NABORS INDUSTRIES LTD	251,568	$470K	0.3%	$5.32	—	SHS	G6359F103
—	VEDANTA LTD	53,882	$468K	0.3%	$13.23	—	SPONSORED ADR	92242Y100
ARLP	ALLIANCE RES PARTNER L P	28,358	$454K	0.3%	$19.98	—	UT LTD PART	01877R108
GPRE	GREEN PLAINS INC	41,368	$438K	0.3%	$15.26	-37.3%	COM	393222104
OIS	OIL STS INTL INC	32,679	$435K	0.3%	$27.20	-47.1%	COM	678026105
—	ROYAL DUTCH SHELL PLC	7,007	$412K	0.3%	$61.36	—	SPONS ADR A	780259206
KOS	KOSMOS ENERGY LTD	66,035	$412K	0.3%	$5.73	+4.1%	COM	500688106
PUMP	PROPETRO HLDG CORP	44,342	$403K	0.3%	$15.97	-13.1%	COM	74347M108
TPICQ	TPI COMPOSITES INC	21,287	$399K	0.3%	$29.00	-26.4%	COM	87266J104
HP	HELMERICH & PAYNE INC	9,791	$392K	0.2%	$62.11	-29.0%	COM	423452101
CNX	CNX RESOURCES CORPORATION	53,797	$391K	0.2%	$9.70	-22.8%	COM	12653C108
—	CONSOL ENERGY INC NEW	24,418	$382K	0.2%	$30.56	—	COM	20854L108
—	CARRIZO OIL & GAS INC	43,248	$371K	0.2%	$15.20	—	COM	144577103
OII	OCEANEERING INTL INC	27,277	$370K	0.2%	$30.19	-49.8%	COM	675232102
—	CHINA PETE & CHEM CORP	6,209	$364K	0.2%	$79.56	—	SPON ADR H SHS	16941R108
E	ENI S P A	11,804	$360K	0.2%	$33.12	—	SPONSORED ADR	26874R108
HAL	HALLIBURTON CO	18,354	$346K	0.2%	$33.57	-45.6%	COM	406216101
PBR	PETROLEO BRASILEIRO SA PETRO	23,477	$340K	0.2%	$12.98	—	SPONSORED ADR	71654V408
—	BONANZA CREEK ENERGY INC	14,731	$330K	0.2%	$28.49	—	COM NEW	097793400
EPD	ENTERPRISE PRODS PARTNERS L	11,457	$327K	0.2%	$52.99	—	COM	293792107
ANDE	ANDERSONS INC	14,574	$327K	0.2%	$23.78	-7.8%	COM	034164103
AGRO	ADECOAGRO S A	56,045	$327K	0.2%	$8.78	-36.1%	COM	L00849106
—	APACHE CORP	12,621	$323K	0.2%	$49.24	—	COM	037411105
WTTR	SELECT ENERGY SVCS INC	36,801	$319K	0.2%	$8.93	—	CL A COM	81617J301
SEI	SOLARIS OILFIELD INFRSTR INC	21,863	$293K	0.2%	$11.65	-10.7%	COM CL A	83418M103
—	U S SILICA HLDGS INC	29,080	$278K	0.2%	$21.42	—	COM	90346E103
—	OASIS PETE INC NEW	78,329	$271K	0.2%	$5.78	—	COM	674215108
—	C&J ENERGY SVCS INC NEW	25,041	$269K	0.2%	$21.23	—	COM	12674R100
VET	VERMILION ENERGY INC	16,111	$268K	0.2%	$17.36	0.0%	COM	923725105
DQ	DAQO NEW ENERGY CORP	5,742	$265K	0.2%	$42.32	—	SPNSRD ADR NEW	23703Q203
AROC	ARCHROCK INC	25,065	$250K	0.2%	$6.75	+1.5%	COM	03957W106
—	QEP RES INC	67,003	$248K	0.2%	$11.73	—	COM	74733V100
GPRK	GEOPARK LTD	12,980	$239K	0.1%	$17.73	+1.2%	USD SHS	G38327105
—	SANDSTORM GOLD LTD	42,029	$237K	0.1%	$4.59	—	COM NEW	80013R206
BVN	COMPANIA DE MINAS BUENAVENTU	15,577	$236K	0.1%	$14.37	—	SPONSORED ADR	204448104
—	HESS CORP	3,710	$224K	0.1%	$45.17	—	COM	42809H107
—	FRANKS INTL N V	46,545	$221K	0.1%	$13.13	—	COM	N33462107
—	ISRAEL CHEMICALS LTD	44,463	$221K	0.1%	$5.58	—	SHS	M5920A109
WPM	WHEATON PRECIOUS METALS CORP	8,362	$219K	0.1%	$25.02	0.0%	COM	962879102
NEM	NEWMONT GOLDCORP CORPORATION	5,586	$212K	0.1%	$30.43	+6.4%	COM	651639106
BTG	B2GOLD CORP	63,100	$205K	0.1%	$2.08	+29.4%	COM	11777Q209
VALPQ	VALARIS PLC	41,351	$199K	0.1%	$4.81	—	SHS CLASS A	G9402V109
—	CRESCENT PT ENERGY CORP	43,900	$188K	0.1%	$5.48	—	COM	22576C101
—	DIAMOND OFFSHORE DRILLING IN	30,572	$170K	0.1%	$20.62	—	COM	25271C102
HL	HECLA MNG CO	96,216	$169K	0.1%	$3.71	-52.9%	COM	422704106
CVE	CENOVUS ENERGY INC	16,266	$153K	0.1%	$11.77	-31.9%	COM	15135U109
—	FORTUNA SILVER MINES INC	47,714	$147K	0.1%	$4.81	—	COM	349915108
—	SUNPOWER CORP	11,999	$132K	0.1%	$6.85	—	COM	867652406
—	PRETIUM RES INC	11,076	$127K	0.1%	$8.30	—	COM	74139C102
VALE	VALE S A	10,957	$126K	0.1%	$12.43	—	SPONSORED ADS	91912E105
IAG	IAMGOLD CORP	32,780	$112K	0.1%	$5.34	-32.6%	COM	450913108
AG	FIRST MAJESTIC SILVER CORP	12,179	$111K	0.1%	$6.24	+54.6%	COM	32076V103
RIG	TRANSOCEAN LTD	22,975	$103K	0.1%	$19.67	-73.0%	REG SHS	H8817H100
SXC	SUNCOKE ENERGY INC	17,835	$101K	0.1%	$12.13	-40.6%	COM	86722A103
—	HIGHPOINT RES CORP	59,445	$95,000	0.1%	$2.27	—	COM	43114K108
—	SIBANYE STILLWATER	17,217	$93,000	0.1%	$4.31	—	SPONSORED ADR	825724206
RRC	RANGE RES CORP	24,123	$92,000	0.1%	$30.03	-84.0%	COM	75281A109
CDE	COEUR MNG INC	14,012	$67,000	0.0%	$5.50	-9.8%	COM NEW	192108504
—	PRECISION DRILLING CORP	56,583	$65,000	0.0%	$3.35	—	COM 2010	74022D308
—	SOUTHWESTERN ENERGY CO	32,128	$62,000	0.0%	$18.05	—	COM	845467109
—	FTS INTERNATIONAL INC	27,168	$61,000	0.0%	$9.02	—	COM	30283W104
REI	RING ENERGY INC	36,755	$60,000	0.0%	$8.73	-75.4%	COM	76680V108
—	DEAN FOODS CO NEW	50,918	$59,000	0.0%	$3.37	—	COM NEW	242370203
—	UNIT CORP	13,473	$46,000	0.0%	$14.02	—	COM	909218109
—	MCDERMOTT INTL INC	20,632	$42,000	0.0%	$19.67	—	COM	580037703
BTE	BAYTEX ENERGY CORP	19,466	$29,000	0.0%	$3.29	-58.4%	COM	07317Q105
—	HI CRUSH INC	12,594	$22,000	0.0%	$4.33	—	COM	428337109
—	FORUM ENERGY TECHNOLOGIES IN	11,414	$18,000	0.0%	$6.33	—	COM	34984V100
—	DENBURY RES INC	10,797	$13,000	0.0%	$6.20	—	COM NEW	247916208
—	HALCON RES CORP	129,488	$9,000	0.0%	$3.52	—	COM	40537Q605