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
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BLACKROCK CORPOR HI YLD FD I COM 09255P107 4,003 365,938 SH   SOLE 365,938 0 0
COEUR MNG INC COM NEW 192108504 4,374 583,146 SH   SOLE 583,146 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 341 139,065 SH   SOLE 139,065 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 15,231 1,081,721 SH   SOLE 1,081,721 0 0
ISHARES TR JPMORGAN USD EMG 464288281 3,062 26,370 SH   SOLE 26,370 0 0
ISHARES TR INTRMD CR BD ETF 464288638 5,643 51,669 SH   SOLE 51,669 0 0
KINROSS GOLD CORP COM NO PAR 496902404 168 38,931 SH   SOLE 38,931 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 906 169,959 SH   SOLE 169,959 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206 110 21,752 SH   SOLE 21,752 0 0
SPDR INDEX SHS FDS S&P EM MKT DIV 78463X533 351 10,680 SH   SOLE 10,680 0 0
STARWOOD PPTY TR INC COM 85571B105 2,307 108,039 SH   SOLE 108,039 0 0
UNITED STATES STL CORP NEW COM 912909108 11,450 325,385 SH   SOLE 325,385 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 20,869 897,990 SH   SOLE 897,990 0 0
VANECK VECTORS ETF TR STEEL ETF 92189F205 37,522 818,363 SH   SOLE 818,363 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 22,342 654,606 SH   SOLE 654,606 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 5,332 67,405 SH   SOLE 67,405 0 0
YAMANA GOLD INC COM 98462Y100 192 61,669 SH   SOLE 61,669 0 0