Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WY	WEYERHAEUSER CO	31,646	$1.075M	4.6%	$22.12	+4.1%	COM	962166104
—	TRANSCANADA CORP	18,973	$1.041M	4.5%	$59.44	—	COM	89353D107
—	TOTAL S A	16,202	$817K	3.5%	$50.50	—	SPONSORED ADR	89151E109
ENB	ENBRIDGE INC	16,219	$813K	3.5%	$24.32	+1.7%	COM	29250N105
SLB	SCHLUMBERGER LTD	9,877	$771K	3.3%	$59.78	+6.0%	COM	806857108
—	MONSANTO CO NEW	6,283	$711K	3.1%	$115.49	—	COM	61166W101
—	NABORS INDUSTRIES LTD	51,595	$674K	2.9%	$11.72	—	SHS	G6359F103
—	ANADARKO PETE CORP	10,810	$670K	2.9%	$74.63	—	COM	032511107
—	SYNGENTA AG	7,414	$656K	2.8%	$65.06	—	SPONSORED ADR	87160A100
SU	SUNCOR ENERGY INC NEW	17,630	$634K	2.7%	$21.59	+5.1%	COM	867224107
MDLZ	MONDELEZ INTL INC	13,499	$582K	2.5%	$33.97	+5.6%	CL A	609207105
TECK	TECK RESOURCES LTD	20,015	$582K	2.5%	$22.35	0.0%	CL B	878742204
—	WEATHERFORD INTL PLC	84,875	$564K	2.4%	$6.65	—	ORD SHS	947074100
CF	CF INDS HLDGS INC	18,248	$536K	2.3%	$30.77	-16.2%	COM	125269100
—	ATLANTICA YIELD PLC	24,945	$523K	2.3%	$18.61	—	SHS	G0751N103
—	KAPSTONE PAPER & PACKAGING C	22,562	$521K	2.3%	$29.13	—	COM	48562P103
—	MACQUARIE INFRASTRUCTURE COR	6,360	$512K	2.2%	$73.55	—	COM	55608B105
—	ROYAL DUTCH SHELL PLC	9,465	$499K	2.2%	$52.72	—	SPONS ADR A	780259206
CNQ	CANADIAN NAT RES LTD	11,470	$499K	2.2%	$10.54	-4.0%	COM	136385101
—	PIONEER NAT RES CO	2,675	$498K	2.2%	$185.52	—	COM	723787107
—	ENCANA CORP	30,000	$467K	2.0%	$15.57	—	COM	292505104
CNI	CANADIAN NATL RY CO	4,500	$442K	1.9%	$60.23	0.0%	COM	136375102
CCJ	CAMECO CORP	29,000	$427K	1.8%	$10.73	0.0%	COM	13321L108
—	ARCELORMITTAL SA LUXEMBOURG	50,595	$422K	1.8%	$7.20	—	NY REGISTRY SH	03938L104
WM	WASTE MGMT INC DEL	5,775	$421K	1.8%	$39.68	+53.6%	COM	94106L109
CVX	CHEVRON CORP NEW	3,815	$410K	1.8%	$75.03	+2.3%	COM	166764100
ASR	GRUPO AEROPORTUARIO DEL SURE	2,323	$402K	1.7%	$132.67	—	SPON ADR SER B	40051E202
ZTS	ZOETIS INC	7,519	$401K	1.7%	$41.13	+22.7%	CL A	98978V103
MPC	MARATHON PETE CORP	7,700	$389K	1.7%	$34.36	+10.1%	COM	56585A102
—	TESORO CORP	4,455	$361K	1.6%	$86.63	—	COM	881609101
CSX	CSX CORP	7,740	$360K	1.6%	$8.82	+53.1%	COM	126408103
NEM	NEWMONT MINING CORP	10,840	$357K	1.5%	$27.52	0.0%	COM	651639106
UGP	ULTRAPAR PARTICIPACOES S A	15,090	$343K	1.5%	$20.79	—	SP ADR REP COM	90400P101
ADM	ARCHER DANIELS MIDLAND CO	7,427	$342K	1.5%	$35.49	-3.0%	COM	039483102
PKG	PACKAGING CORP AMER	3,479	$319K	1.4%	$51.70	+36.6%	COM	695156109
APD	AIR PRODS & CHEMS INC	2,255	$305K	1.3%	$111.67	+1.3%	COM	009158106
—	NORBORD INC	8,000	$303K	1.3%	$33.72	—	COM NEW	65548P403
PBA	PEMBINA PIPELINE CORP	7,100	$299K	1.3%	$18.37	+8.2%	COM	706327103
—	BARRICK GOLD CORP	10,000	$253K	1.1%	$25.30	—	COM	067901108
—	WESTROCK CO	4,839	$252K	1.1%	$51.46	—	COM	96145D105
AWK	AMERICAN WTR WKS CO INC NEW	3,151	$245K	1.1%	$41.63	+50.6%	COM	030420103
RIO	RIO TINTO PLC	5,845	$238K	1.0%	$38.63	—	SPONSORED ADR	767204100
MOS	MOSAIC CO NEW	8,108	$237K	1.0%	$34.71	-23.4%	COM	61945C103
BHP	BHP BILLITON LTD	6,505	$236K	1.0%	$34.89	—	SPONSORED ADR	088606108
ALB	ALBEMARLE CORP	2,190	$231K	1.0%	$86.27	0.0%	COM	012653101
IP	INTL PAPER CO	4,426	$225K	1.0%	$30.58	+11.7%	COM	460146103
KMI	KINDER MORGAN INC DEL	10,224	$222K	1.0%	$13.63	0.0%	COM	49456B101
LNG	CHENIERE ENERGY INC	4,498	$213K	0.9%	$40.38	+14.2%	COM NEW	16411R208
—	KANSAS CITY SOUTHERN	2,477	$212K	0.9%	$115.95	—	COM NEW	485170302
VALE	VALE S A	21,990	$209K	0.9%	$8.64	—	ADR	91912E105
—	FAIRMOUNT SANTROL HLDGS INC	25,685	$188K	0.8%	$8.90	—	COM	30555Q108
—	WHITING PETE CORP NEW	14,030	$133K	0.6%	$9.48	—	COM	966387102
—	TURQUOISE HILL RES LTD	16,000	$49,000	0.2%	$3.20	—	COM	900435108
—	PLATINUM GROUP METALS LTD	17,460	$28,000	0.1%	$1.60	—	COM	72765Q601