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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
Estimated average burden
hours per response: 23.8
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
ADECOAGRO S A COM L00849106   1,878,908 200,738 SH   SOLE   200,738 0 0
AGCO CORP COM 001084102   2,213,113 16,840 SH   SOLE   16,840 0 0
AGNICO EAGLE MINES LTD COM 008474108   6,196,387 123,985 SH   SOLE   123,985 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   3,455,834 289,919 SH   SOLE   289,919 0 0
ALBEMARLE CORP COM 012653101   805,801 3,612 SH   SOLE   3,612 0 0
ALCOA CORP COM 013872106   2,979,767 87,821 SH   SOLE   87,821 0 0
ALGOMA STL GROUP INC COM 015658107   1,343,853 189,275 SH   SOLE   189,275 0 0
AMER STATES WTR CO COM 029899101   35,061 403 SH   SOLE   403 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   1,744,120 12,218 SH   SOLE   12,218 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206   561,985 26,647 SH   SOLE   26,647 0 0
ANTERO RESOURCES CORP COM 03674X106   85,441 3,710 SH   SOLE   3,710 0 0
APA CORPORATION COM 03743Q108   116,451 3,408 SH   SOLE   3,408 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   437,385 15,998 SH   SOLE   15,998 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   6,455,998 85,442 SH   SOLE   85,442 0 0
ARCHROCK INC COM 03957W106   1,246,103 121,571 SH   SOLE   121,571 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100   5,349,217 236,691 SH   SOLE   236,691 0 0
ATI INC COM 01741R102   322,967 7,302 SH   SOLE   7,302 0 0
ATLANTICA SUSTAINABLE INFR P SHS G0751N103   2,358,673 100,626 SH   SOLE   100,626 0 0
B2GOLD CORP COM 11777Q209   9,446,193 2,646,203 SH   SOLE   2,646,203 0 0
BAKER HUGHES COMPANY CL A 05722G100   4,425,874 140,015 SH   SOLE   140,015 0 0
BARRICK GOLD CORP COM 067901108   1,751,696 103,467 SH   SOLE   103,467 0 0
BAYTEX ENERGY CORP COM 07317Q105   7,119,892 2,181,500 SH   SOLE   2,181,500 0 0
BHP GROUP LTD SPONSORED ADS 088606108   265,472 4,449 SH   SOLE   4,449 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101   1,595,941 100,059 SH   SOLE   100,059 0 0
BP PLC SPONSORED ADR 055622104   677,074 19,186 SH   SOLE   19,186 0 0
BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105   494,044 15,674 SH   SOLE   15,674 0 0
BUNGE LIMITED COM G16962105   7,057,852 74,805 SH   SOLE   74,805 0 0
CAL MAINE FOODS INC COM NEW 128030202   6,130,080 136,224 SH   SOLE   136,224 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   28,261 624 SH   SOLE   624 0 0
CALIFORNIA WTR SVC GROUP COM 130788102   1,838,906 35,617 SH   SOLE   35,617 0 0
CALLON PETE CO DEL COM 13123X508   2,117,281 60,373 SH   SOLE   60,373 0 0
CAMECO CORP COM 13321L108   73,688 2,352 SH   SOLE   2,352 0 0
CANADIAN NAT RES LTD COM 136385101   4,483,759 79,724 SH   SOLE   79,724 0 0
CENOVUS ENERGY INC COM 15135U109   3,559,538 209,400 SH   SOLE   209,400 0 0
CENTERRA GOLD INC COM 152006102   2,034,149 339,100 SH   SOLE   339,100 0 0
CENTURY ALUM CO COM 156431108   153,856 17,644 SH   SOLE   17,644 0 0
CF INDS HLDGS INC COM 125269100   3,457,533 49,806 SH   SOLE   49,806 0 0
CHAMPIONX CORPORATION COM 15872M104   3,279,686 105,660 SH   SOLE   105,660 0 0
CHEVRON CORP NEW COM 166764100   2,192,515 13,934 SH   SOLE   13,934 0 0
CHORD ENERGY CORPORATION COM NEW 674215207   2,656,126 17,270 SH   SOLE   17,270 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   2,555,313 36,836 SH   SOLE   36,836 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   741,312 44,231 SH   SOLE   44,231 0 0
CNH INDL N V SHS N20944109   578,822 40,196 SH   SOLE   40,196 0 0
CNX RES CORP COM 12653C108   1,648,119 93,009 SH   SOLE   93,009 0 0
COEUR MNG INC COM NEW 192108504   462,392 162,814 SH   SOLE   162,814 0 0
COMMERCIAL METALS CO COM 201723103   1,748,049 33,195 SH   SOLE   33,195 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102   3,138,997 265,118 SH   SOLE   265,118 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   1,113,790 151,536 SH   SOLE   151,536 0 0
COMPASS MINERALS INTL INC COM 20451N101   1,918,994 56,441 SH   SOLE   56,441 0 0
COMSTOCK RES INC COM 205768302   855,396 73,741 SH   SOLE   73,741 0 0
CONOCOPHILLIPS COM 20825C104   2,685,675 25,921 SH   SOLE   25,921 0 0
CORTEVA INC COM 22052L104   6,025,783 105,162 SH   SOLE   105,162 0 0
COTERRA ENERGY INC COM 127097103   2,331,699 92,162 SH   SOLE   92,162 0 0
CRESCENT ENERGY COMPANY CL A COM 44952J104   328,418 31,518 SH   SOLE   31,518 0 0
CRESCENT PT ENERGY CORP COM 22576C101   6,259,913 928,900 SH   SOLE   928,900 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203   113,820 2,867 SH   SOLE   2,867 0 0
DARLING INGREDIENTS INC COM 237266101   3,179,995 49,851 SH   SOLE   49,851 0 0
DEERE & CO COM 244199105   2,244,753 5,540 SH   SOLE   5,540 0 0
DEVON ENERGY CORP NEW COM 25179M103   5,797,803 119,938 SH   SOLE   119,938 0 0
DIAMONDBACK ENERGY INC COM 25278X109   1,114,458 8,484 SH   SOLE   8,484 0 0
EARTHSTONE ENERGY INC CL A 27032D304   1,738,050 121,627 SH   SOLE   121,627 0 0
ELDORADO GOLD CORP NEW COM 284902509   520,958 51,580 SH   SOLE   51,580 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   64,199 5,055 SH   SOLE   5,055 0 0
ENERPLUS CORP COM 292766102   2,198,384 151,927 SH   SOLE   151,927 0 0
ENI S P A SPONSORED ADR 26874R108   1,893,058 65,754 SH   SOLE   65,754 0 0
ENPHASE ENERGY INC COM 29355A107   85,080 508 SH   SOLE   508 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   285,898 10,850 SH   SOLE   10,850 0 0
EOG RES INC COM 26875P101   4,293,674 37,519 SH   SOLE   37,519 0 0
EQT CORP COM 26884L109   2,955,067 71,847 SH   SOLE   71,847 0 0
EQUINOR ASA SPONSORED ADR 29446M102   262,189 8,976 SH   SOLE   8,976 0 0
EQUINOX GOLD CORP COM 29446Y502   1,600,751 349,509 SH   SOLE   349,509 0 0
ESSENTIAL UTILS INC COM 29670G102   23,866 598 SH   SOLE   598 0 0
EXPRO GROUP HOLDINGS NV COM N3144W105   1,014,364 57,244 SH   SOLE   57,244 0 0
EXXON MOBIL CORP COM 30231G102   1,502,787 14,012 SH   SOLE   14,012 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103   630,094 111,521 SH   SOLE   111,521 0 0
FIRST SOLAR INC COM 336433107   76,796 404 SH   SOLE   404 0 0
FLEX LNG LTD SHS G35947202   203,574 6,668 SH   SOLE   6,668 0 0
FMC CORP COM NEW 302491303   6,988,589 66,979 SH   SOLE   66,979 0 0
FRANCO NEV CORP COM 351858105   2,730,220 19,146 SH   SOLE   19,146 0 0
FREEPORT-MCMORAN INC CL B 35671D857   5,513,520 137,838 SH   SOLE   137,838 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105   301,604 11,731 SH   SOLE   11,731 0 0
GERDAU SA SPON ADR REP PFD 373737105   7,172 1,374 SH   SOLE   1,374 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   98,829 7,146 SH   SOLE   7,146 0 0
GREEN PLAINS INC COM 393222104   1,209,451 37,514 SH   SOLE   37,514 0 0
GULFPORT ENERGY CORP COMMON SHARES 402635502   335,909 3,197 SH   SOLE   3,197 0 0
HALLIBURTON CO COM 406216101   3,966,883 120,245 SH   SOLE   120,245 0 0
HECLA MNG CO COM 422704106   772,588 150,017 SH   SOLE   150,017 0 0
HELMERICH & PAYNE INC COM 423452101   4,741,863 133,762 SH   SOLE   133,762 0 0
HESS CORP COM 42809H107   713,602 5,249 SH   SOLE   5,249 0 0
HF SINCLAIR CORP COM 403949100   996,587 22,340 SH   SOLE   22,340 0 0
HORMEL FOODS CORP COM 440452100   4,773,028 118,673 SH   SOLE   118,673 0 0
HUDBAY MINERALS INC COM 443628102   23,987 5,000 SH   SOLE   5,000 0 0
ICL GROUP LTD SHS M53213100   1,200,663 219,099 SH   SOLE   219,099 0 0
IMPERIAL OIL LTD COM NEW 453038408   2,862,515 55,900 SH   SOLE   55,900 0 0
INGREDION INC COM 457187102   7,642,174 72,130 SH   SOLE   72,130 0 0
KINDER MORGAN INC DEL COM 49456B101   101,288 5,882 SH   SOLE   5,882 0 0
KINROSS GOLD CORP COM 496902404   97,609 20,463 SH   SOLE   20,463 0 0
KOSMOS ENERGY LTD COM 500688106   141,831 23,678 SH   SOLE   23,678 0 0
LIBERTY ENERGY INC COM CL A 53115L104   3,649,689 272,976 SH   SOLE   272,976 0 0
LITHIUM AMERS CORP NEW COM NEW 53680Q207   26,960 1,334 SH   SOLE   1,334 0 0
LIVENT CORP COM 53814L108   603 22 SH   SOLE   22 0 0
MAG SILVER CORP COM 55903Q104   4,478 402 SH   SOLE   402 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106   130,685 2,097 SH   SOLE   2,097 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109   4,188,694 200,416 SH   SOLE   200,416 0 0
MARATHON OIL CORP COM 565849106   567,719 24,662 SH   SOLE   24,662 0 0
MARATHON PETE CORP COM 56585A102   2,880,603 24,705 SH   SOLE   24,705 0 0
MATADOR RES CO COM 576485205   1,048,231 20,035 SH   SOLE   20,035 0 0
MOSAIC CO NEW COM 61945C103   708,085 20,231 SH   SOLE   20,231 0 0
MP MATERIALS CORP COM CL A 553368101   434,308 18,982 SH   SOLE   18,982 0 0
MPLX LP COM UNIT REP LTD 55336V100   53,625 1,580 SH   SOLE   1,580 0 0
MURPHY OIL CORP COM 626717102   2,257,862 58,952 SH   SOLE   58,952 0 0
NATIONAL FUEL GAS CO COM 636180101   165,122 3,215 SH   SOLE   3,215 0 0
NEWMONT CORP COM 651639106   4,854,623 113,798 SH   SOLE   113,798 0 0
NEXGEN ENERGY LTD COM 65340P106   1,341,013 284,000 SH   SOLE   284,000 0 0
NEXTIER OILFIELD SOLUTIONS COM 65290C105   3,419,380 382,481 SH   SOLE   382,481 0 0
NOBLE CORP PLC ORD SHS A G65431127   1,619,724 39,209 SH   SOLE   39,209 0 0
NORTHERN OIL & GAS INC COM 665531307   226,409 6,597 SH   SOLE   6,597 0 0
NOV INC COM 62955J103   577,328 35,993 SH   SOLE   35,993 0 0
NOW INC COM 67011P100   221,145 21,346 SH   SOLE   21,346 0 0
NUCOR CORP COM 670346105   1,998,916 12,190 SH   SOLE   12,190 0 0
NUTRIEN LTD COM 67077M108   2,326,994 39,388 SH   SOLE   39,388 0 0
OCCIDENTAL PETE CORP COM 674599105   111,779 1,901 SH   SOLE   1,901 0 0
OCEANEERING INTL INC COM 675232102   1,989,699 106,401 SH   SOLE   106,401 0 0
OIL STS INTL INC COM 678026105   33,727 4,515 SH   SOLE   4,515 0 0
ORMAT TECHNOLOGIES INC COM 686688102   40,471 503 SH   SOLE   503 0 0
OVINTIV INC COM 69047Q102   24,746 650 SH   SOLE   650 0 0
PAN AMERN SILVER CORP COM 697900108   1,051,670 72,131 SH   SOLE   72,131 0 0
PATTERSON-UTI ENERGY INC COM 703481101   3,711,430 310,061 SH   SOLE   310,061 0 0
PDC ENERGY INC COM 69327R101   1,998,465 28,092 SH   SOLE   28,092 0 0
PENTAIR PLC SHS G7S00T104   41,215 638 SH   SOLE   638 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105   1,156,751 105,543 SH   SOLE   105,543 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   1,478,441 106,901 SH   SOLE   106,901 0 0
PHILLIPS 66 COM 718546104   811,684 8,510 SH   SOLE   8,510 0 0
PILGRIMS PRIDE CORP COM 72147K108   91,526 4,259 SH   SOLE   4,259 0 0
PIONEER NAT RES CO COM 723787107   3,383,249 16,330 SH   SOLE   16,330 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105   44,274 3,140 SH   SOLE   3,140 0 0
PLUG POWER INC COM NEW 72919P202   50,807 4,890 SH   SOLE   4,890 0 0
POTLATCHDELTIC CORPORATION COM 737630103   1,217,664 23,040 SH   SOLE   23,040 0 0
PROPETRO HLDG CORP COM 74347M108   236,472 28,698 SH   SOLE   28,698 0 0
RANGE RES CORP COM 75281A109   889,027 30,239 SH   SOLE   30,239 0 0
RAYONIER INC COM 754907103   89,961 2,865 SH   SOLE   2,865 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102   38,023 140 SH   SOLE   140 0 0
RENEW ENERGY GLOBAL PLC CL A SHS G7500M104   632,041 115,336 SH   SOLE   115,336 0 0
RIO TINTO PLC SPONSORED ADR 767204100   3,230,240 50,599 SH   SOLE   50,599 0 0
ROYAL GOLD INC COM 780287108   556,339 4,847 SH   SOLE   4,847 0 0
RPC INC COM 749660106   302,352 42,287 SH   SOLE   42,287 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   305,107 20,007 SH   SOLE   20,007 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   44,385 8,669 SH   SOLE   8,669 0 0
SCHLUMBERGER LTD COM STK 806857108   2,103,171 42,817 SH   SOLE   42,817 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   244,733 30,214 SH   SOLE   30,214 0 0
SHOALS TECHNOLOGIES GROUP IN CL A 82489W107   1,199,786 46,940 SH   SOLE   46,940 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107   212 34 SH   SOLE   34 0 0
SM ENERGY CO COM 78454L100   5,908,516 186,801 SH   SOLE   186,801 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105   803,105 11,059 SH   SOLE   11,059 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104   49,236 183 SH   SOLE   183 0 0
SOUTHERN COPPER CORP COM 84265V105   2,946,505 41,072 SH   SOLE   41,072 0 0
SOUTHWESTERN ENERGY CO COM 845467109   4,955,311 824,511 SH   SOLE   824,511 0 0
SSR MINING IN COM 784730103   2,777,082 195,843 SH   SOLE   195,843 0 0
STEEL DYNAMICS INC COM 858119100   1,318,380 12,103 SH   SOLE   12,103 0 0
SUNCOKE ENERGY INC COM 86722A103   664,763 84,468 SH   SOLE   84,468 0 0
SUNCOR ENERGY INC NEW COM 867224107   2,601,183 88,600 SH   SOLE   88,600 0 0
SUNNOVA ENERGY INTL INC. COM 86745K104   339,815 18,559 SH   SOLE   18,559 0 0
SUNPOWER CORP COM 867652406   1,394,971 142,344 SH   SOLE   142,344 0 0
TALOS ENERGY INC COM 87484T108   114,996 8,291 SH   SOLE   8,291 0 0
TECK RESOURCES LTD CL B 878742204   1,345,009 31,946 SH   SOLE   31,946 0 0
TERNIUM SA SPONSORED ADS 880890108   228,860 5,772 SH   SOLE   5,772 0 0
TIDEWATER INC NEW COM 88642R109   1,715,036 30,935 SH   SOLE   30,935 0 0
TIMKENSTEEL CORPORATION COM 887399103   1,703,663 78,983 SH   SOLE   78,983 0 0
TITAN INTL INC ILL COM 88830M102   358,348 31,215 SH   SOLE   31,215 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   826,903 14,346 SH   SOLE   14,346 0 0
TRANSOCEAN LTD REG SHS H8817H100   151,269 21,579 SH   SOLE   21,579 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   376,699 29,638 SH   SOLE   29,638 0 0
TYSON FOODS INC CL A 902494103   4,557,106 89,285 SH   SOLE   89,285 0 0
U S SILICA HLDGS INC COM 90346E103   1,891,067 155,900 SH   SOLE   155,900 0 0
UNITED STATES STL CORP NEW COM 912909108   4,045,117 161,740 SH   SOLE   161,740 0 0
VALE S A SPONSORED ADS 91912E105   1,326,862 98,872 SH   SOLE   98,872 0 0
VALERO ENERGY CORP COM 91913Y100   1,879,733 16,025 SH   SOLE   16,025 0 0
VERMILION ENERGY INC COM 923725105   9,333,187 747,800 SH   SOLE   747,800 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105   2,436,164 90,800 SH   SOLE   90,800 0 0
VITAL ENERGY INC COM 516806205   1,962,490 43,466 SH   SOLE   43,466 0 0
W & T OFFSHORE INC COM 92922P106   1,603,867 414,436 SH   SOLE   414,436 0 0
WARRIOR MET COAL INC COM 93627C101   3,444,543 88,435 SH   SOLE   88,435 0 0
WEST FRASER TIMBER CO LTD COM 952845105   4,307,771 50,100 SH   SOLE   50,100 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104   169,862 5,069 SH   SOLE   5,069 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   718,792 16,631 SH   SOLE   16,631 0 0
WILLIAMS COS INC COM 969457100   61,508 1,885 SH   SOLE   1,885 0 0