Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER L P	5,034,176	$63.93M	14.2%	$12.70	$9.18	—	COM UT LTD PTN	29273V100
EPD	ENTERPRISE PRODS PARTNERS L	2,406,309	$63.41M	14.1%	$26.35	$23.73	—	COM	293792107
MPLX	MPLX LP	1,461,951	$49.62M	11.0%	$33.94	$29.65	—	COM UNIT REP LTD	55336V100
PAA	PLAINS ALL AMERN PIPELINE L	3,263,458	$46.01M	10.2%	$14.10	$10.67	—	UNIT LTD PARTN	726503105
—	MAGELLAN MIDSTREAM PRTNRS LP	696,744	$43.42M	9.7%	$62.32	$47.15	—	COM UNIT RP LP	559080106
WES	WESTERN MIDSTREAM PARTNERS L	1,325,561	$35.15M	7.8%	$26.52	$23.55	—	COM UNIT LP INT	958669103
—	ENLINK MIDSTREAM LLC	2,177,607	$23.08M	5.1%	$10.60	$8.74	—	COM UNIT REP LTD	29336T100
TRGP	TARGA RES CORP	178,585	$13.59M	3.0%	$76.10 *	$50.70	+41.9%	COM	87612G101
CQP	CHENIERE ENERGY PARTNERS LP	281,459	$12.99M	2.9%	$46.14	$47.30	—	COM UNIT	16411Q101
LNG	CHENIERE ENERGY INC	76,109	$11.6M	2.6%	$152.36	$144.28	+5.6%	COM NEW	16411R208
—	NUSTAR ENERGY LP	483,437	$8.286M	1.8%	$17.14	$16.12	—	UNIT COM	67058H102
ENB	ENBRIDGE INC	167,461	$6.221M	1.4%	$37.15 *	$32.34	-2.6%	COM	29250N105
KMI	KINDER MORGAN INC DEL	236,492	$4.072M	0.9%	$17.22 *	$13.50	+11.6%	COM	49456B101
GLP	GLOBAL PARTNERS LP	130,888	$4.022M	0.9%	$30.73	$30.96	—	COM UNITS	37946R109
OKE	ONEOK INC NEW	61,600	$3.802M	0.8%	$61.72 *	$49.64	+9.3%	COM	682680103
—	CRESTWOOD EQUITY PARTNERS LP	109,922	$2.911M	0.6%	$26.48	$27.19	—	UNIT LTD PARTNER	226344208
GLD	SPDR GOLD TR	15,000	$2.674M	0.6%	$178.27	$180.27	-1.1%	GOLD SHS	78463V107
GEL	GENESIS ENERGY L P	271,294	$2.591M	0.6%	$9.55	$10.38	—	UNIT LTD PARTN	371927104
NUE	NUCOR CORP	15,702	$2.575M	0.6%	$163.98 *	$125.01	+26.4%	COM	670346105
STLD	STEEL DYNAMICS INC	21,672	$2.361M	0.5%	$108.93 *	$67.00	+56.7%	COM	858119100
BHP	BHP GROUP LTD	39,327	$2.347M	0.5%	$59.67	$50.69	+17.7%	SPONSORED ADS	088606108
TECK	TECK RESOURCES LTD	43,926	$1.849M	0.4%	$42.10	$29.13	+44.5%	CL B	878742204
DTM	DT MIDSTREAM INC	33,390	$1.655M	0.4%	$49.57 *	$42.64	+5.5%	COMMON STOCK	23345M107
RIO	RIO TINTO PLC	24,901	$1.59M	0.4%	$63.84	$62.39	+2.3%	SPONSORED ADR	767204100
NTR	NUTRIEN LTD	26,500	$1.565M	0.3%	$59.05 *	$67.48	-19.4%	COM	67077M108
HESM	HESS MIDSTREAM LP	49,447	$1.517M	0.3%	$30.68 *	$19.40	+27.6%	CL A SHS	428103105
FCX	FREEPORT-MCMORAN INC	35,865	$1.435M	0.3%	$40.00 *	$36.40	+6.0%	CL B	35671D857
CTVA	CORTEVA INC	23,046	$1.321M	0.3%	$57.30 *	$52.28	+6.5%	COM	22052L104
CF	CF INDS HLDGS INC	17,284	$1.2M	0.3%	$69.42 *	$69.13	-5.4%	COM	125269100
GEHC	GE HEALTHCARE TECHNOLOGIES I	14,000	$1.137M	0.3%	$81.24	$79.45	+1.8%	COMMON STOCK	36266G107
NVT	NVENT ELECTRIC PLC	19,468	$1.006M	0.2%	$51.67 *	$34.02	+47.3%	SHS	G6700G107
ATKR	ATKORE INC	6,266	$977K	0.2%	$155.94 *	$83.39	+80.4%	COM	047649108
MT	ARCELORMITTAL SA LUXEMBOURG	34,800	$951K	0.2%	$27.34	$30.32	-9.8%	NY REGISTRY SH	03938L203
MOS	MOSAIC CO NEW	27,167	$951K	0.2%	$35.00 *	$40.33	-19.2%	COM	61945C103
—	UNITED STATES STL CORP NEW	36,700	$918K	0.2%	$25.01	$18.12	—	COM	912909108
—	HOLLY ENERGY PARTNERS L P	48,329	$894K	0.2%	$18.50	$16.48	—	COM UT LTD PTN	435763107
SUN	SUNOCO LP/SUNOCO FIN CORP	20,000	$871K	0.2%	$43.56	$43.89	—	COM UT REP LP	86765K109
CEG	CONSTELLATION ENERGY CORP	9,239	$846K	0.2%	$91.55	$66.60	+35.1%	COM	21037T109
OTIS	OTIS WORLDWIDE CORP	9,400	$837K	0.2%	$89.01 *	$78.43	+8.8%	COM	68902V107
CARR	CARRIER GLOBAL CORPORATION	16,501	$820K	0.2%	$49.71 *	$50.95	-5.3%	COM	14448C104
GGB	GERDAU SA	155,839	$813K	0.2%	$5.22	$4.83	+8.0%	SPON ADR REP PFD	373737105
ADM	ARCHER DANIELS MIDLAND CO	10,028	$758K	0.2%	$75.56 *	$62.44	+11.1%	COM	039483102
RTX	RAYTHEON TECHNOLOGIES CORP	7,730	$757K	0.2%	$97.96 *	$81.14	+14.2%	COM	75513E101
WY	WEYERHAEUSER CO MTN BE	22,580	$757K	0.2%	$33.51 *	$31.96	-2.6%	COM NEW	962166104
CBRE	CBRE GROUP INC	9,000	$726K	0.2%	$80.71	$102.47	-21.2%	CL A	12504L109
GLNG	GOLAR LNG LTD	32,000	$645K	0.1%	$20.17 *	$17.26	+7.3%	SHS	G9456A100
RS	RELIANCE STEEL & ALUMINUM CO	2,300	$625K	0.1%	$271.59	$183.74	+47.8%	COM	759509102
ICL	ICL GROUP LTD	111,559	$611K	0.1%	$5.48	$8.99	-39.0%	SHS	M53213100
DKL	DELEK LOGISTICS PARTNERS LP	10,559	$577K	0.1%	$54.60	$42.95	—	COM UNT RP INT	24664T103
—	BUNGE LIMITED	5,652	$533K	0.1%	$94.35	$90.60	—	COM	G16962105
CXT	CRANE NXT CO	9,400	$531K	0.1%	$56.44 *	$49.36	+11.2%	COM	224441105
—	CHAMPIONX CORPORATION	16,432	$510K	0.1%	$31.04	$24.50	—	COM	15872M104
VALE	VALE S A	37,600	$505K	0.1%	$13.42	$16.45	-18.4%	SPONSORED ADS	91912E105
WOR	WORTHINGTON INDS INC	6,958	$483K	0.1%	$69.47 *	$30.96	+38.3%	COM	981811102
NEM	NEWMONT CORP	10,900	$465K	0.1%	$42.66 *	$42.16	-4.9%	COM	651639106
SQM	SOCIEDAD QUIMICA Y MINERA DE	6,300	$458K	0.1%	$72.62	$92.74	-21.7%	SPON ADR SER B	833635105
MPC	MARATHON PETE CORP	3,800	$443K	0.1%	$116.60 *	$86.91	+27.3%	COM	56585A102
GXO	GXO LOGISTICS INCORPORATED	6,800	$427K	0.1%	$62.82	$56.10	+12.0%	COMMON STOCK	36262G101
APA	APA CORPORATION	12,000	$410K	0.1%	$34.17 *	$31.72	-2.3%	COM	03743Q108
VNT	VONTIER CORPORATION	12,000	$387K	0.1%	$32.21	$28.83	+11.7%	COM	928881101
CMC	COMMERCIAL METALS CO	7,100	$374K	0.1%	$52.66 *	$49.77	+2.3%	COM	201723103
COP	CONOCOPHILLIPS	3,600	$373K	0.1%	$103.61 *	$88.18	+8.9%	COM	20825C104
MLI	MUELLER INDS INC	4,180	$365K	0.1%	$87.28 *	$30.58	+38.2%	COM	624756102
CVX	CHEVRON CORP NEW	2,200	$346K	0.1%	$157.35 *	$132.81	+6.4%	COM	166764100
SCCO	SOUTHERN COPPER CORP	4,581	$329K	0.1%	$71.74 *	$56.03	+12.6%	COM	84265V105
SXI	STANDEX INTL CORP	2,269	$321K	0.1%	$141.47	$98.12	+44.2%	COM	854231107
MBC	MASTERBRAND INC	27,000	$314K	0.1%	$11.63	$9.59	+21.3%	COMMON STOCK	57638P104
—	APARTMENT INCOME REIT CORP	8,661	$313K	0.1%	$36.09	$41.57	—	COM	03750L109
WPM	WHEATON PRECIOUS METALS CORP	6,574	$284K	0.1%	$43.22 *	$39.35	+7.5%	COM	962879102
BCPC	BALCHEM CORP	2,100	$283K	0.1%	$134.81	$156.36	-15.2%	COM	057665200
SXC	SUNCOKE ENERGY INC	34,700	$273K	0.1%	$7.87	$6.72	+17.2%	COM	86722A103
—	HESS CORP	2,000	$272K	0.1%	$135.95	$109.00	—	COM	42809H107
ELS	EQUITY LIFESTYLE PPTYS INC	4,000	$268K	0.1%	$66.89	$67.13	—	COM	29472R108
CE	CELANESE CORP DEL	2,300	$266K	0.1%	$115.80 *	$110.53	+1.3%	COM	150870103
MTUS	TIMKENSTEEL CORPORATION	12,000	$259K	0.1%	$21.57	$18.68	+15.5%	COM	887399103
SPH	SUBURBAN PROPANE PARTNERS L	17,425	$258K	0.1%	$14.80	$14.80	—	UNIT LTD PARTN	864482104
WDS	WOODSIDE ENERGY GROUP LTD	10,960	$254K	0.1%	$23.19	$22.65	+2.4%	SPONSORED ADR	980228308
DE	DEERE & CO	600	$243K	0.1%	$405.19 *	$326.53	+19.7%	COM	244199105
MAA	MID-AMER APT CMNTYS INC	1,600	$243K	0.1%	$151.86 *	$141.55	-3.2%	COM	59522J103
OGN	ORGANON & CO	11,500	$239K	0.1%	$20.81 *	$19.10	-3.6%	COMMON STOCK	68622V106
HAL	HALLIBURTON CO	7,200	$238K	0.1%	$32.99 *	$32.98	-5.7%	COM	406216101
FANG	DIAMONDBACK ENERGY INC	1,800	$236K	0.1%	$131.36 *	$107.46	+10.8%	COM	25278X109
CNQ	CANADIAN NAT RES LTD	4,200	$236K	0.1%	$56.26 *	$25.10	+1.9%	COM	136385101
IP	INTERNATIONAL PAPER CO	7,400	$235K	0.1%	$31.81 *	$32.51	-12.3%	COM	460146103
FTV	FORTIVE CORP	3,146	$235K	0.1%	$74.77 *	$47.79	+16.7%	COM	34959J108
EMBC	EMBECTA CORP	10,887	$235K	0.1%	$21.60 *	$26.16	-25.7%	COMMON STOCK	29082K105
VLO	VALERO ENERGY CORP	2,000	$235K	0.1%	$117.30 *	$99.36	+9.5%	COM	91913Y100
WLK	WESTLAKE CORPORATION	1,928	$230K	0.1%	$119.47 *	$109.37	+4.0%	COM	960413102
—	AMCOR PLC	23,000	$230K	0.1%	$9.98 *	$9.93	-9.4%	ORD	G0250X107
EOG	EOG RES INC	2,000	$229K	0.1%	$114.44 *	$97.66	+7.3%	COM	26875P101
OXY	OCCIDENTAL PETE CORP	3,800	$223K	0.0%	$58.80 *	$60.69	-7.3%	COM	674599105
DINO	HF SINCLAIR CORP	5,000	$223K	0.0%	$44.61 *	$43.18	-7.0%	COM	403949100
CTRA	COTERRA ENERGY INC	8,600	$218K	0.0%	$25.30 *	$24.72	-5.7%	COM	127097103
XOM	EXXON MOBIL CORP	2,000	$215K	0.0%	$107.25 *	$99.61	-1.3%	COM	30231G102
PH	PARKER-HANNIFIN CORP	540	$211K	0.0%	$390.04 *	$328.44	+15.5%	COM	701094104
—	BARRICK GOLD CORP	12,400	$210K	0.0%	$16.93	$15.48	—	COM	067901108
ASIX	ADVANSIX INC	5,855	$205K	0.0%	$34.98 *	$34.73	-5.8%	COM	00773T101
IQV	IQVIA HLDGS INC	910	$205K	0.0%	$224.77	$200.78	+12.0%	COM	46266C105
MPT	MEDICAL PPTYS TRUST INC	19,500	$181K	0.0%	$9.26	$8.22	—	COM	58463J304
HLN	HALEON PLC	21,106	$177K	0.0%	$8.38	$6.50	+28.9%	SPON ADS	405552100
FIP	FTAI INFRASTRUCTURE INC	33,000	$122K	0.0%	$3.69 *	$2.55	+36.8%	COMMON STOCK	35953C106
NGL	NGL ENERGY PARTNERS LP	29,660	$115K	0.0%	$3.89	$3.89	—	COM UNIT REPST	62913M107
GTN	GRAY TELEVISION INC	13,000	$102K	0.0%	$7.88	$7.69	+2.5%	COM	389375106