Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER L P	4,514,211	$56.29M	13.1%	$12.47	$8.77	—	COM UT LTD PTN	29273V100
MPLX	MPLX LP	1,447,919	$49.88M	11.6%	$34.45	$29.65	—	COM UNIT REP LTD	55336V100
EPD	ENTERPRISE PRODS PARTNERS L	1,923,281	$49.81M	11.6%	$25.90	$23.07	—	COM	293792107
PAA	PLAINS ALL AMERN PIPELINE L	3,214,258	$40.08M	9.3%	$12.47	$10.61	—	UNIT LTD PARTN	726503105
—	MAGELLAN MIDSTREAM PRTNRS LP	718,100	$38.96M	9.1%	$54.26	$47.15	—	COM UNIT RP LP	559080106
WES	WESTERN MIDSTREAM PARTNERS L	1,390,830	$36.68M	8.5%	$26.37	$23.55	—	COM UNIT LP INT	958669103
—	ENLINK MIDSTREAM LLC	2,821,782	$30.59M	7.1%	$10.84	$8.74	—	COM UNIT REP LTD	29336T100
—	DCP MIDSTREAM LP	450,614	$18.8M	4.4%	$41.72	$29.78	—	COM UT LTD PTN	23311P100
CQP	CHENIERE ENERGY PARTNERS LP	281,459	$13.32M	3.1%	$47.32	$47.30	—	COM UNIT	16411Q101
TRGP	TARGA RES CORP	178,585	$13.03M	3.0%	$72.95 *	$50.70	+35.1%	COM	87612G101
—	NUSTAR ENERGY LP	306,821	$4.799M	1.1%	$15.64	$15.53	—	UNIT COM	67058H102
LNG	CHENIERE ENERGY INC	29,609	$4.666M	1.1%	$157.60	$138.35	+13.9%	COM NEW	16411R208
ENB	ENBRIDGE INC	121,261	$4.626M	1.1%	$38.15 *	$32.44	-2.0%	COM	29250N105
KMI	KINDER MORGAN INC DEL	236,492	$4.141M	1.0%	$17.51 *	$13.50	+11.7%	COM	49456B101
OKE	ONEOK INC NEW	61,600	$3.914M	0.9%	$63.54 *	$49.64	+10.9%	COM	682680103
GLP	GLOBAL PARTNERS LP	103,592	$3.213M	0.7%	$31.02	$31.02	—	COM UNITS	37946R109
TECK	TECK RESOURCES LTD	81,700	$2.982M	0.7%	$36.50	$29.13	+25.3%	CL B	878742204
BHP	BHP GROUP LTD	39,327	$2.494M	0.6%	$63.41	$50.69	+25.1%	SPONSORED ADS	088606108
STLD	STEEL DYNAMICS INC	21,672	$2.45M	0.6%	$113.06 *	$67.00	+62.0%	COM	858119100
NUE	NUCOR CORP	15,702	$2.425M	0.6%	$154.47 *	$125.01	+18.7%	COM	670346105
GEL	GENESIS ENERGY L P	205,853	$2.318M	0.5%	$11.26	$10.64	—	UNIT LTD PARTN	371927104
NTR	NUTRIEN LTD	26,500	$1.957M	0.5%	$73.85 *	$67.48	-0.1%	COM	67077M108
CTVA	CORTEVA INC	29,133	$1.757M	0.4%	$60.31 *	$52.28	+11.8%	COM	22052L104
—	CRESTWOOD EQUITY PARTNERS LP	70,116	$1.748M	0.4%	$24.93	$27.60	—	UNIT LTD PARTNER	226344208
RIO	RIO TINTO PLC	24,901	$1.708M	0.4%	$68.60	$62.39	+10.0%	SPONSORED ADR	767204100
DTM	DT MIDSTREAM INC	33,390	$1.648M	0.4%	$49.37 *	$42.64	+3.6%	COMMON STOCK	23345M107
FCX	FREEPORT-MCMORAN INC	35,865	$1.467M	0.3%	$40.91 *	$36.40	+8.1%	CL B	35671D857
HESM	HESS MIDSTREAM LP	49,447	$1.431M	0.3%	$28.94 *	$19.40	+18.0%	CL A SHS	428103105
CEG	CONSTELLATION ENERGY CORP	17,700	$1.389M	0.3%	$78.50 *	$66.60	+15.4%	COM	21037T109
CF	CF INDS HLDGS INC	17,284	$1.253M	0.3%	$72.49 *	$69.13	-1.8%	COM	125269100
MOS	MOSAIC CO NEW	27,167	$1.246M	0.3%	$45.88 *	$40.33	+5.3%	COM	61945C103
GLD	SPDR GOLD TR	6,700	$1.228M	0.3%	$183.22	$175.96	+4.1%	GOLD SHS	78463V107
MT	ARCELORMITTAL SA LUXEMBOURG	34,800	$1.048M	0.2%	$30.12	$30.32	-0.7%	NY REGISTRY SH	03938L203
—	UNITED STATES STL CORP NEW	36,700	$958K	0.2%	$26.10	$18.12	—	COM	912909108
CARR	CARRIER GLOBAL CORPORATION	20,896	$956K	0.2%	$45.75 *	$50.95	-13.5%	COM	14448C104
—	HOLLY ENERGY PARTNERS L P	53,698	$933K	0.2%	$17.37	$16.48	—	COM UT LTD PTN	435763107
ATKR	ATKORE INC	6,266	$880K	0.2%	$140.48 *	$83.39	+62.5%	COM	047649108
SUN	SUNOCO LP/SUNOCO FIN CORP	20,000	$878K	0.2%	$43.89	$43.89	—	COM UT REP LP	86765K109
NVT	NVENT ELECTRIC PLC	19,468	$836K	0.2%	$42.94 *	$34.02	+21.9%	SHS	G6700G107
DOW	DOW INC	14,652	$803K	0.2%	$54.82 *	$48.96	-5.2%	COM	260557103
ADM	ARCHER DANIELS MIDLAND CO	10,028	$799K	0.2%	$79.66 *	$62.44	+16.5%	COM	039483102
OTIS	OTIS WORLDWIDE CORP	9,400	$793K	0.2%	$84.40 *	$78.43	+2.8%	COM	68902V107
GGB	GERDAU SA	155,839	$768K	0.2%	$4.93	$4.83	+2.0%	SPON ADR REP PFD	373737105
ICL	ICL GROUP LTD	111,559	$759K	0.2%	$6.80	$8.99	-24.3%	SHS	M53213100
RTX	RAYTHEON TECHNOLOGIES CORP	7,730	$757K	0.2%	$97.93 *	$81.14	+13.4%	COM	75513E101
—	CHAMPIONX CORPORATION	26,610	$722K	0.2%	$27.13	$24.50	—	COM	15872M104
GLNG	GOLAR LNG LTD	32,000	$691K	0.2%	$21.60 *	$17.26	+13.7%	SHS	G9456A100
WY	WEYERHAEUSER CO MTN BE	22,580	$680K	0.2%	$30.13 *	$31.96	-13.0%	COM NEW	962166104
CBRE	CBRE GROUP INC	9,000	$655K	0.2%	$72.81	$102.47	-28.9%	CL A	12504L109
VALE	VALE S A	37,600	$593K	0.1%	$15.78	$16.45	-4.1%	SPONSORED ADS	91912E105
RS	RELIANCE STEEL & ALUMINUM CO	2,300	$591K	0.1%	$256.74	$183.74	+39.7%	COM	759509102
—	BUNGE LIMITED	5,652	$540K	0.1%	$95.52	$90.60	—	COM	G16962105
NEM	NEWMONT CORP	10,900	$534K	0.1%	$49.02 *	$42.16	+8.2%	COM	651639106
MPC	MARATHON PETE CORP	3,800	$512K	0.1%	$134.83 *	$86.91	+46.2%	COM	56585A102
SQM	SOCIEDAD QUIMICA Y MINERA DE	6,300	$511K	0.1%	$81.06	$92.74	-12.6%	SPON ADR SER B	833635105
DKL	DELEK LOGISTICS PARTNERS LP	10,659	$505K	0.1%	$47.42	$42.95	—	COM UNT RP INT	24664T103
WOR	WORTHINGTON INDS INC	6,958	$450K	0.1%	$64.65 *	$30.96	+28.7%	COM	981811102
CVX	CHEVRON CORP NEW	2,200	$359K	0.1%	$163.16 *	$132.81	+9.3%	COM	166764100
COP	CONOCOPHILLIPS	3,600	$357K	0.1%	$99.21 *	$88.18	+3.1%	COM	20825C104
SCCO	SOUTHERN COPPER CORP	4,581	$349K	0.1%	$76.25 *	$56.03	+18.2%	COM	84265V105
CMC	COMMERCIAL METALS CO	7,100	$347K	0.1%	$48.90 *	$49.77	-5.2%	COM	201723103
HLN	HALEON PLC	41,800	$340K	0.1%	$8.14	$6.50	+25.2%	SPON ADS	405552100
WPM	WHEATON PRECIOUS METALS CORP	6,574	$317K	0.1%	$48.16 *	$39.35	+19.4%	COM	962879102
SXC	SUNCOKE ENERGY INC	34,700	$312K	0.1%	$8.98	$6.72	+33.7%	COM	86722A103
—	APARTMENT INCOME REIT CORP	8,661	$310K	0.1%	$35.81	$41.57	—	COM	03750L109
MLI	MUELLER INDS INC	4,180	$307K	0.1%	$73.48 *	$30.58	+15.9%	COM	624756102
EMBC	EMBECTA CORP	10,887	$306K	0.1%	$28.12 *	$26.16	-3.7%	COMMON STOCK	29082K105
VLO	VALERO ENERGY CORP	2,000	$279K	0.1%	$139.60 *	$99.36	+29.1%	COM	91913Y100
SXI	STANDEX INTL CORP	2,269	$278K	0.1%	$122.44	$98.12	+24.8%	COM	854231107
ELS	EQUITY LIFESTYLE PPTYS INC	4,000	$269K	0.1%	$67.13	$67.13	—	COM	29472R108
IP	INTERNATIONAL PAPER CO	7,400	$267K	0.1%	$36.06 *	$32.51	-2.1%	COM	460146103
BCPC	BALCHEM CORP	2,100	$266K	0.1%	$126.48	$156.36	-20.5%	COM	057665200
—	HESS CORP	2,000	$265K	0.1%	$132.34	$109.00	—	COM	42809H107
—	AMCOR PLC	23,000	$262K	0.1%	$11.38 *	$9.93	+2.1%	ORD	G0250X107
CE	CELANESE CORP DEL	2,300	$250K	0.1%	$108.89 *	$110.53	-5.4%	COM	150870103
DE	DEERE & CO	600	$248K	0.1%	$412.88 *	$326.53	+21.6%	COM	244199105
WDS	WOODSIDE ENERGY GROUP LTD	10,960	$246K	0.1%	$22.43	$22.65	-1.0%	SPONSORED ADR	980228308
FANG	DIAMONDBACK ENERGY INC	1,800	$243K	0.1%	$135.17 *	$107.46	+13.3%	COM	25278X109
DINO	HF SINCLAIR CORP	5,000	$242K	0.1%	$48.38 *	$43.18	-0.3%	COM	403949100
MAA	MID-AMER APT CMNTYS INC	1,600	$242K	0.1%	$151.04 *	$141.55	-4.7%	COM	59522J103
OXY	OCCIDENTAL PETE CORP	3,800	$237K	0.1%	$62.43 *	$60.69	-1.8%	COM	674599105
—	MARATHON OIL CORP	9,800	$235K	0.1%	$23.96	$22.55	—	COM	565849106
CNQ	CANADIAN NAT RES LTD	4,200	$232K	0.1%	$55.35 *	$25.10	-1.0%	COM	136385101
—	BARRICK GOLD CORP	12,400	$230K	0.1%	$18.57	$15.48	—	COM	067901108
EOG	EOG RES INC	2,000	$229K	0.1%	$114.63 *	$97.66	+6.7%	COM	26875P101
HAL	HALLIBURTON CO	7,200	$228K	0.1%	$31.64 *	$32.98	-10.0%	COM	406216101
ASIX	ADVANSIX INC	5,855	$224K	0.1%	$38.27 *	$34.73	+2.6%	COM	00773T101
WLK	WESTLAKE CORPORATION	1,928	$224K	0.1%	$115.98 *	$109.37	+0.7%	COM	960413102
MTUS	TIMKENSTEEL CORPORATION	12,000	$220K	0.1%	$18.34	$18.68	-1.8%	COM	887399103
APA	APA CORPORATION	6,000	$216K	0.1%	$36.06 *	$31.83	+2.1%	COM	03743Q108
FTV	FORTIVE CORP	3,146	$214K	0.0%	$68.17 *	$47.79	+6.2%	COM	34959J108
CTRA	COTERRA ENERGY INC	8,600	$211K	0.0%	$24.54 *	$24.72	-9.2%	COM	127097103
DVN	DEVON ENERGY CORP NEW	4,000	$202K	0.0%	$50.61 *	$52.95	-13.8%	COM	25179M103
MPT	MEDICAL PPTYS TRUST INC	19,500	$160K	0.0%	$8.22	$8.22	—	COM	58463J304
—	YAMANA GOLD INC	24,200	$142K	0.0%	$5.85	$4.59	—	COM	98462Y100
FIP	FTAI INFRASTRUCTURE INC	33,000	$99,000	0.0%	$3.00 *	$2.55	+10.2%	COMMON STOCK	35953C106