The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO CORP COM 001084102   4,167,270 42,584 SH   SOLE   42,584 0 0
AGNICO EAGLE MINES LTD COM 008474108   2,428,014 30,125 SH   SOLE   30,125 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   1,072,652 53,794 SH   SOLE   53,794 0 0
ALBEMARLE CORP COM 012653101   506,225 5,345 SH   SOLE   5,345 0 0
ALCOA CORP COM 013872106   3,003,222 77,844 SH   SOLE   77,844 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   225,795 1,544 SH   SOLE   1,544 0 0
ANGLOGOLD ASHANTI PLC COM SHS G0378L100   105,348 3,956 SH   SOLE   3,956 0 0
APA CORPORATION COM 03743Q108   495,437 20,255 SH   SOLE   20,255 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   437,360 16,655 SH   SOLE   16,655 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   5,652,539 94,619 SH   SOLE   94,619 0 0
ARCHROCK INC COM 03957W106   797,922 39,423 SH   SOLE   39,423 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100   1,064,144 161,234 SH   SOLE   161,234 0 0
ATI INC COM 01741R102   2,142,324 32,018 SH   SOLE   32,018 0 0
B2GOLD CORP COM 11777Q209   5,350,915 1,735,315 SH   SOLE   1,735,315 0 0
BAKER HUGHES COMPANY CL A 05722G100   1,778,002 49,184 SH   SOLE   49,184 0 0
BARRICK GOLD CORP COM 067901108   249,600 12,549 SH   SOLE   12,549 0 0
BAYTEX ENERGY CORP COM 07317Q105   830,083 277,732 SH   SOLE   277,732 0 0
BEYOND MEAT INC COM 08862E109   505,951 74,624 SH   SOLE   74,624 0 0
BHP GROUP LTD SPONSORED ADS 088606108   455,080 7,327 SH   SOLE   7,327 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101   265,096 17,556 SH   SOLE   17,556 0 0
CAL MAINE FOODS INC COM NEW 128030202   4,462,485 59,627 SH   SOLE   59,627 0 0
CALIFORNIA WTR SVC GROUP COM 130788102   1,914,834 35,316 SH   SOLE   35,316 0 0
CANADIAN NAT RES LTD COM 136385101   975,379 29,360 SH   SOLE   29,360 0 0
CANADIAN SOLAR INC COM 136635109   364,899 21,772 SH   SOLE   21,772 0 0
CENOVUS ENERGY INC COM 15135U109   4,051,067 242,082 SH   SOLE   242,082 0 0
CENTERRA GOLD INC COM 152006102   2,204,575 306,896 SH   SOLE   306,896 0 0
CENTURY ALUM CO COM 156431108   995,775 61,354 SH   SOLE   61,354 0 0
CF INDS HLDGS INC COM 125269100   1,378,463 16,066 SH   SOLE   16,066 0 0
CHAMPIONX CORPORATION COM 15872M104   3,013,070 99,936 SH   SOLE   99,936 0 0
CHEVRON CORP NEW COM 166764100   1,623,799 11,026 SH   SOLE   11,026 0 0
CHORD ENERGY CORPORATION COM NEW 674215207   1,532,026 11,764 SH   SOLE   11,764 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   2,157,275 42,575 SH   SOLE   42,575 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   227,817 17,840 SH   SOLE   17,840 0 0
CNH INDL N V SHS N20944109   7,143,083 643,521 SH   SOLE   643,521 0 0
CNX RES CORP COM 12653C108   666,512 20,464 SH   SOLE   20,464 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102   1,397,779 84,509 SH   SOLE   84,509 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   1,621,287 117,145 SH   SOLE   117,145 0 0
COMPASS MINERALS INTL INC COM 20451N101   998,946 83,107 SH   SOLE   83,107 0 0
CONOCOPHILLIPS COM 20825C104   4,616,107 43,846 SH   SOLE   43,846 0 0
CORTEVA INC COM 22052L104   4,617,425 78,541 SH   SOLE   78,541 0 0
COTERRA ENERGY INC COM 127097103   4,327,717 180,698 SH   SOLE   180,698 0 0
CRESCENT ENERGY COMPANY CL A COM 44952J104   1,712,197 156,365 SH   SOLE   156,365 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203   2,703,201 132,705 SH   SOLE   132,705 0 0
DARLING INGREDIENTS INC COM 237266101   3,749,035 100,889 SH   SOLE   100,889 0 0
DEERE & CO COM 244199105   5,765,831 13,816 SH   SOLE   13,816 0 0
DEVON ENERGY CORP NEW COM 25179M103   5,480,243 140,088 SH   SOLE   140,088 0 0
DIAMONDBACK ENERGY INC COM 25278X109   279,288 1,620 SH   SOLE   1,620 0 0
DNOW INC COM 67011P100   1,216,804 94,107 SH   SOLE   94,107 0 0
DOLE PLC ORD SHS G27907107   236,466 14,516 SH   SOLE   14,516 0 0
ELDORADO GOLD CORP NEW COM 284902509   1,730,226 99,610 SH   SOLE   99,610 0 0
ENERFLEX LTD COM 29269R105   206,312 34,600 SH   SOLE   34,600 0 0
ENPHASE ENERGY INC COM 29355A107   432,641 3,828 SH   SOLE   3,828 0 0
EOG RES INC COM 26875P101   2,262,158 18,402 SH   SOLE   18,402 0 0
ERO COPPER CORP COM 296006109   325,221 14,600 SH   SOLE   14,600 0 0
EXPRO GROUP HOLDINGS NV COM N3144W105   1,209,455 70,440 SH   SOLE   70,440 0 0
EXXON MOBIL CORP COM 30231G102   415,545 3,545 SH   SOLE   3,545 0 0
FINANCIAL INVS TR CORECOMMODITY NA 31761T886   295,792,358 11,554,389 SH   SOLE   11,554,389 0 0
FIRST SOLAR INC COM 336433107   1,781,251 7,141 SH   SOLE   7,141 0 0
FLEX LNG LTD SHS G35947202   866,893 34,076 SH   SOLE   34,076 0 0
FLUENCE ENERGY INC COM CL A 34379V103   2,946,827 129,759 SH   SOLE   129,759 0 0
FMC CORP COM NEW 302491303   4,309,772 65,359 SH   SOLE   65,359 0 0
FRANCO NEV CORP COM 351858105   467,304 3,761 SH   SOLE   3,761 0 0
FREEPORT-MCMORAN INC CL B 35671D857   3,947,224 79,071 SH   SOLE   79,071 0 0
GEOPARK LTD USD SHS G38327105   1,928,071 244,990 SH   SOLE   244,990 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   1,405,415 91,558 SH   SOLE   91,558 0 0
GREEN PLAINS INC COM 393222104   593,242 43,814 SH   SOLE   43,814 0 0
HALLIBURTON CO COM 406216101   2,823,718 97,202 SH   SOLE   97,202 0 0
HECLA MNG CO COM 422704106   450,892 67,600 SH   SOLE   67,600 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   1,420,756 127,996 SH   SOLE   127,996 0 0
HELMERICH & PAYNE INC COM 423452101   4,229,232 139,028 SH   SOLE   139,028 0 0
HESS CORP COM 42809H107   542,657 3,996 SH   SOLE   3,996 0 0
HIGHPEAK ENERGY INC COM 43114Q105   821,974 59,220 SH   SOLE   59,220 0 0
HORMEL FOODS CORP COM 440452100   4,415,842 139,301 SH   SOLE   139,301 0 0
HUDBAY MINERALS INC COM 443628102   4,980,485 541,174 SH   SOLE   541,174 0 0
ICL GROUP LTD SHS M53213100   958,800 225,600 SH   SOLE   225,600 0 0
IMPERIAL OIL LTD COM NEW 453038408   555,956 7,898 SH   SOLE   7,898 0 0
INGREDION INC COM 457187102   6,329,339 46,055 SH   SOLE   46,055 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100   1,633,848 60,919 SH   SOLE   60,919 0 0
KINROSS GOLD CORP COM 496902404   156,892 16,762 SH   SOLE   16,762 0 0
KOSMOS ENERGY LTD COM 500688106   452,964 112,398 SH   SOLE   112,398 0 0
LIBERTY ENERGY INC COM CL A 53115L104   2,652,498 138,947 SH   SOLE   138,947 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109   2,737,409 112,097 SH   SOLE   112,097 0 0
MATADOR RES CO COM 576485205   2,920,129 59,088 SH   SOLE   59,088 0 0
METALLUS INC COM 887399103   307,441 20,731 SH   SOLE   20,731 0 0
MOSAIC CO NEW COM 61945C103   3,938,374 147,064 SH   SOLE   147,064 0 0
MP MATERIALS CORP COM CL A 553368101   277,317 15,712 SH   SOLE   15,712 0 0
MURPHY OIL CORP COM 626717102   6,523,393 193,343 SH   SOLE   193,343 0 0
NABORS INDUSTRIES LTD SHS G6359F137   1,458,505 22,623 SH   SOLE   22,623 0 0
NATIONAL FUEL GAS CO COM 636180101   363,175 5,992 SH   SOLE   5,992 0 0
NEWMONT CORP COM 651639106   629,910 11,785 SH   SOLE   11,785 0 0
NEXGEN ENERGY LTD COM 65340P106   707,953 108,498 SH   SOLE   108,498 0 0
NOBLE CORP PLC ORD SHS A G65431127   2,432,909 67,319 SH   SOLE   67,319 0 0
NORTHERN OIL & GAS INC COM 665531307   412,491 11,649 SH   SOLE   11,649 0 0
NOV INC COM 62955J103   1,300,996 81,465 SH   SOLE   81,465 0 0
NUTRIEN LTD COM 67077M108   5,248,709 109,207 SH   SOLE   109,207 0 0
OCCIDENTAL PETE CORP COM 674599105   3,683,461 71,468 SH   SOLE   71,468 0 0
OCEANEERING INTL INC COM 675232102   1,420,798 57,129 SH   SOLE   57,129 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   649,368 35,082 SH   SOLE   35,082 0 0
PAN AMERN SILVER CORP COM 697900108   761,574 36,491 SH   SOLE   36,491 0 0
PATTERSON-UTI ENERGY INC COM 703481101   2,582,449 337,575 SH   SOLE   337,575 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105   413,132 30,355 SH   SOLE   30,355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   1,102,077 76,480 SH   SOLE   76,480 0 0
PILGRIMS PRIDE CORP COM 72147K108   3,355,157 72,859 SH   SOLE   72,859 0 0
POTLATCHDELTIC CORPORATION COM 737630103   600,201 13,323 SH   SOLE   13,323 0 0
PROPETRO HLDG CORP COM 74347M108   2,565,020 334,859 SH   SOLE   334,859 0 0
RAMACO RES INC COM CL A 75134P600   239,990 20,512 SH   SOLE   20,512 0 0
RANGE RES CORP COM 75281A109   127,746 4,153 SH   SOLE   4,153 0 0
RAYONIER INC COM 754907103   399,354 12,410 SH   SOLE   12,410 0 0
RIO TINTO PLC SPONSORED ADR 767204100   371,863 5,225 SH   SOLE   5,225 0 0
RPC INC COM 749660106   2,315,053 364,002 SH   SOLE   364,002 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   2,310,137 188,891 SH   SOLE   188,891 0 0
SCHLUMBERGER LTD COM STK 806857108   2,580,261 61,508 SH   SOLE   61,508 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   1,105,387 99,316 SH   SOLE   99,316 0 0
SHOALS TECHNOLOGIES GROUP IN CL A 82489W107   4,000,087 713,028 SH   SOLE   713,028 0 0
SM ENERGY CO COM 78454L100   4,932,858 123,414 SH   SOLE   123,414 0 0
SOUTHERN COPPER CORP COM 84265V105   2,994,349 25,887 SH   SOLE   25,887 0 0
STEEL DYNAMICS INC COM 858119100   413,921 3,283 SH   SOLE   3,283 0 0
SUNCOKE ENERGY INC COM 86722A103   564,018 64,979 SH   SOLE   64,979 0 0
SUNCOR ENERGY INC NEW COM 867224107   587,532 15,909 SH   SOLE   15,909 0 0
TALOS ENERGY INC COM 87484T108   347,625 33,587 SH   SOLE   33,587 0 0
TECK RESOURCES LTD CL B 878742204   640,485 12,260 SH   SOLE   12,260 0 0
TIDEWATER INC NEW COM 88642R109   492,479 6,860 SH   SOLE   6,860 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100   174,463 41,050 SH   SOLE   41,050 0 0
TYSON FOODS INC CL A 902494103   3,941,621 66,179 SH   SOLE   66,179 0 0
UNITED STATES STL CORP NEW COM 912909108   259,534 7,346 SH   SOLE   7,346 0 0
VAALCO ENERGY INC COM NEW 91851C201   952,851 166,002 SH   SOLE   166,002 0 0
VALE S A SPONSORED ADS 91912E105   146,397 12,534 SH   SOLE   12,534 0 0
VERALTO CORP COM SHS 92338C103   2,650,411 23,694 SH   SOLE   23,694 0 0
VEREN INC COM NEW 92340V107   244,764 39,718 SH   SOLE   39,718 0 0
VERMILION ENERGY INC COM 923725105   3,614,277 370,112 SH   SOLE   370,112 0 0
VIPER ENERGY INC CL A 927959106   678,500 15,041 SH   SOLE   15,041 0 0
VITAL ENERGY INC COM 516806205   1,961,360 72,913 SH   SOLE   72,913 0 0
WEST FRASER TIMBER CO LTD COM 952845105   1,402,202 14,384 SH   SOLE   14,384 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   335,818 5,498 SH   SOLE   5,498 0 0