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
3M CO COM 88579Y101 614 3,700 SH   SOLE   0 0 3,700
ABBOTT LABORATORIES COM 002824100 416 9,100 SH   SOLE   0 0 9,100
ABBVIE INC COM 00287Y109 1,478 22,300 SH   SOLE   13,200 0 9,100
ACTAVIS PLC COM G0083B108 363 1,400 SH   SOLE   0 0 1,400
AGRIUM INC COM 008916108 28,662 301,326 SH   SOLE   301,326 0 0
ALCOA INC COM 013817101 7,261 458,100 SH   SOLE   458,100 0 0
ALTRIA GROUP INC COM 02209S103 882 17,700 SH   SOLE   17,700 0 0
AMAZON.COM INC COM 023135106 714 2,300 SH   SOLE   0 0 2,300
AMERICAN EXPRESS CO COM 025816109 575 6,100 SH   SOLE   0 0 6,100
AMERICAN INTERNATIONAL GROUP COM 026874784 452 8,000 SH   SOLE   0 0 8,000
AMERICAN TOWER CORP COM 03027X100 562 5,600 SH   SOLE   0 0 5,600
AMGEN INC COM 031162100 675 4,200 SH   SOLE   0 0 4,200
ANADARKO PETROLEUM CORP COM 032511107 24,673 295,336 SH   SOLE   275,936 0 19,400
ANGLOGOLD ASHANTI-SPON ADR COM 035128206 6,406 732,100 SH   SOLE   732,100 0 0
APPLE INC COM 037833100 4,062 36,100 SH   SOLE   1,100 0 35,000
ARCELORMITTAL-NY REGISTERED COM 03938L104 6,325 568,800 SH   SOLE   568,800 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 48,954 925,587 SH   SOLE   879,887 0 45,700
AT&T INC COM 00206R102 1,407 41,300 SH   SOLE   10,400 0 30,900
AXIALL CORP COM 05463D100 13,488 318,042 SH   SOLE   318,042 0 0
BAKER HUGHES INC COM 057224107 17,005 302,100 SH   SOLE   302,100 0 0
BANCO BRADESCO-ADR COM 059460303 303 22,800 SH   SOLE   0 0 22,800
BANK OF AMERICA CORP COM 060505104 3,452 190,400 SH   SOLE   0 0 190,400
BANK OF MONTREAL COM 063671101 107 1,300 SH   SOLE   1,300 0 0
BANK OF NOVA SCOTIA COM 064149107 445 6,700 SH   SOLE   0 0 6,700
BARRICK GOLD CORP COM 067901108 9,019 830,500 SH   SOLE   830,500 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 943 6,200 SH   SOLE   0 0 6,200
BHP BILLITON PLC-ADR COM 05545E212 65,043 1,499,718 SH   SOLE   1,499,718 0 0
BIOGEN IDEC INC COM 09062X103 445 1,300 SH   SOLE   0 0 1,300
BLACKROCK INC COM 09247X101 253 700 SH   SOLE   0 0 700
BORGWARNER INC COM 099724106 1,783 32,200 SH   SOLE   0 0 32,200
BP PLC-SPONS ADR COM 055622104 31,697 826,300 SH   SOLE   826,300 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 558 9,400 SH   SOLE   0 0 9,400
BROADCOM CORP-CL A COM 111320107 1,833 42,500 SH   SOLE   0 0 42,500
BROOKDALE SENIOR LIVING INC COM 112463104 1,961 53,200 SH   SOLE   0 0 53,200
CABOT OIL & GAS CORP COM 127097103 13,798 463,480 SH   SOLE   463,480 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 9,761 195,500 SH   SOLE   195,500 0 0
CAN IMPERIAL BK OF COMMERCE COM 136069101 209 2,100 SH   SOLE   2,100 0 0
CANADIAN NATL RAILWAY CO COM 136375102 361 4,500 SH   SOLE   0 0 4,500
CANADIAN NATURAL RESOURCES COM 136385101 13,727 444,230 SH   SOLE   444,230 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 283 3,400 SH   SOLE   0 0 3,400
CATERPILLAR INC COM 149123101 370 4,000 SH   SOLE   0 0 4,000
CELANESE CORP-SERIES A COM 150870103 7,965 131,800 SH   SOLE   131,800 0 0
CELGENE CORP COM 151020104 522 4,600 SH   SOLE   0 0 4,600
CENTERPOINT ENERGY INC COM 15189T107 431 18,100 SH   SOLE   18,100 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 10,476 38,300 SH   SOLE   38,300 0 0
CHEVRON CORP COM 166764100 51,684 456,936 SH   SOLE   446,536 0 10,400
CHINA PETROLEUM & CHEM-ADR COM 16941R108 6,762 84,590 SH   SOLE   84,590 0 0
CISCO SYSTEMS INC COM 17275R102 1,194 42,100 SH   SOLE   15,200 0 26,900
CITIGROUP INC COM 172967424 932 17,000 SH   SOLE   0 0 17,000
CLIFFS NATURAL RESOURCES INC COM 18683K101 2,974 430,959 SH   SOLE   430,959 0 0
CNOOC LTD-SPON ADR COM 126132109 7,135 53,052 SH   SOLE   53,052 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 5,918 667,212 SH   SOLE   667,212 0 0
COCA-COLA CO/THE COM 191216100 915 21,400 SH   SOLE   0 0 21,400
COGNIZANT TECH SOLUTIONS-A COM 192446102 2,498 47,000 SH   SOLE   0 0 47,000
COLGATE-PALMOLIVE CO COM 194162103 364 5,200 SH   SOLE   0 0 5,200
COMCAST CORP-CLASS A COM 20030N101 712 12,100 SH   SOLE   0 0 12,100
CONCHO RESOURCES INC COM 20605P101 15,813 159,100 SH   SOLE   159,100 0 0
CONOCOPHILLIPS COM 20825C104 965 13,800 SH   SOLE   7,200 0 6,600
CONSOLIDATED EDISON INC COM 209115104 314 4,700 SH   SOLE   4,700 0 0
COSTCO WHOLESALE CORP COM 22160K105 387 2,700 SH   SOLE   0 0 2,700
CVS HEALTH CORP COM 126650100 673 6,900 SH   SOLE   0 0 6,900
DIAMONDBACK ENERGY INC COM 25278X109 8,064 134,700 SH   SOLE   134,700 0 0
DOMINION RESOURCES INC/VA COM 25746U109 603 7,700 SH   SOLE   0 0 7,700
DOW CHEMICAL CO/THE COM 260543103 16,962 368,200 SH   SOLE   361,200 0 7,000
DRIL-QUIP INC COM 262037104 10,544 137,836 SH   SOLE   137,836 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 1,104 14,800 SH   SOLE   9,400 0 5,400
DUKE ENERGY CORP COM 26441C204 681 8,049 SH   SOLE   949 0 7,100
EBAY INC COM 278642103 360 6,300 SH   SOLE   0 0 6,300
ELDORADO GOLD CORP COM 284902103 13,057 2,147,536 SH   SOLE   2,147,536 0 0
ELI LILLY & CO COM 532457108 1,010 14,500 SH   SOLE   9,100 0 5,400
EMC CORP/MA COM 268648102 317 10,500 SH   SOLE   0 0 10,500
ENCANA CORP COM 292505104 4,798 346,400 SH   SOLE   346,400 0 0
EOG RESOURCES INC COM 26875P101 13,988 150,900 SH   SOLE   132,200 0 18,700
EQT CORP COM 26884L109 15,119 200,564 SH   SOLE   200,564 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 2,068 26,800 SH   SOLE   0 0 26,800
EXELON CORP COM 30161N101 575 15,100 SH   SOLE   0 0 15,100
EXPRESS SCRIPTS HOLDING CO COM 30219G108 412 4,800 SH   SOLE   0 0 4,800
EXXON MOBIL CORP COM 30231G102 55,019 591,472 SH   SOLE   568,200 0 23,272
FACEBOOK INC-A COM 30303M102 784 9,900 SH   SOLE   0 0 9,900
FEDEX CORP COM 31428X106 315 1,800 SH   SOLE   0 0 1,800
FMC TECHNOLOGIES INC COM 30249U101 10,571 222,832 SH   SOLE   222,832 0 0
FORD MOTOR CO COM 345370860 310 20,000 SH   SOLE   0 0 20,000
FREEPORT-MCMORAN INC COM 35671D857 40,449 1,715,400 SH   SOLE   1,715,400 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 0 1 SH   SOLE   0 0 1
GARMIN LTD COM H2906T109 351 6,600 SH   SOLE   6,600 0 0
GENERAL ELECTRIC CO COM 369604103 2,864 112,000 SH   SOLE   0 0 112,000
GERDAU SA -SPON ADR COM 373737105 3,899 1,086,100 SH   SOLE   994,900 0 91,200
GILEAD SCIENCES INC COM 375558103 838 8,800 SH   SOLE   0 0 8,800
GOLDCORP INC COM 380956409 20,039 1,077,963 SH   SOLE   1,077,963 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,272 6,500 SH   SOLE   0 0 6,500
GOODYEAR TIRE & RUBBER CO COM 382550101 2,066 72,500 SH   SOLE   0 0 72,500
GOOGLE INC-CL A COM 38259P508 856 1,600 SH   SOLE   0 0 1,600
GOOGLE INC-CL C COM 38259P706 849 1,600 SH   SOLE   0 0 1,600
GREENBRIER COMPANIES INC COM 393657101 990 18,600 SH   SOLE   0 0 18,600
H&R BLOCK INC COM 093671105 256 7,600 SH   SOLE   7,600 0 0
H.B. FULLER CO. COM 359694106 5,024 110,760 SH   SOLE   110,760 0 0
HALLIBURTON CO COM 406216101 13,104 331,500 SH   SOLE   331,500 0 0
HCA HOLDINGS INC COM 40412C101 1,886 25,400 SH   SOLE   0 0 25,400
HELMERICH & PAYNE COM 423452101 248 3,700 SH   SOLE   3,700 0 0
HESS CORP COM 42809H107 13,067 176,270 SH   SOLE   176,270 0 0
HEWLETT-PACKARD CO COM 428236103 460 11,300 SH   SOLE   0 0 11,300
HOLLYFRONTIER CORP COM 436106108 10,899 286,300 SH   SOLE   286,300 0 0
HOME DEPOT INC COM 437076102 813 7,800 SH   SOLE   0 0 7,800
HUNTINGTON BANCSHARES INC COM 446150104 2,180 204,500 SH   SOLE   0 0 204,500
INTEL CORP COM 458140100 1,687 45,900 SH   SOLE   21,300 0 24,600
INTERNATIONAL PAPER CO COM 460146103 41,771 770,400 SH   SOLE   770,400 0 0
INTL BUSINESS MACHINES CORP COM 459200101 864 5,400 SH   SOLE   0 0 5,400
ISRAEL CHEMICALS LTD COM 465036200 6,063 843,200 SH   SOLE   843,200 0 0
JOHNSON & JOHNSON COM 478160104 3,445 32,700 SH   SOLE   17,000 0 15,700
JPMORGAN CHASE & CO COM 46625H100 2,163 34,249 SH   SOLE   0 0 34,249
KINDER MORGAN INC COM 49456B101 417 9,800 SH   SOLE   0 0 9,800
LEGGETT & PLATT INC COM 524660107 364 8,500 SH   SOLE   8,500 0 0
LOCKHEED MARTIN CORP COM 539830109 586 3,000 SH   SOLE   3,000 0 0
LORILLARD INC COM 544147101 469 7,400 SH   SOLE   7,400 0 0
LOWE'S COS INC COM 548661107 459 6,700 SH   SOLE   0 0 6,700
LYONDELLBASELL INDU-CL A COM N53745100 13,097 162,500 SH   SOLE   140,200 0 22,300
MARATHON OIL CORP COM 565849106 13,439 472,880 SH   SOLE   472,880 0 0
MARTIN MARIETTA MATERIALS COM 573284106 11,933 107,600 SH   SOLE   107,600 0 0
MASTERCARD INC-CLASS A COM 57636Q104 487 5,600 SH   SOLE   0 0 5,600
MCDONALD'S CORP COM 580135101 547 5,800 SH   SOLE   0 0 5,800
MCKESSON CORP COM 58155Q103 252 1,200 SH   SOLE   0 0 1,200
MEDTRONIC INC COM 585055106 431 5,900 SH   SOLE   0 0 5,900
MERCK & CO. INC. COM 58933Y105 2,473 42,900 SH   SOLE   26,800 0 16,100
METLIFE INC COM 59156R108 291 5,300 SH   SOLE   0 0 5,300
MICRON TECHNOLOGY INC COM 595112103 2,453 69,300 SH   SOLE   0 0 69,300
MICROSOFT CORP COM 594918104 2,135 45,400 SH   SOLE   0 0 45,400
MONDELEZ INTERNATIONAL INC-A COM 609207105 355 9,600 SH   SOLE   0 0 9,600
MONSANTO CO COM 61166W101 56,389 465,600 SH   SOLE   462,700 0 2,900
MORGAN STANLEY COM 617446448 363 9,300 SH   SOLE   0 0 9,300
MOSAIC CO/THE COM 61945C103 34,043 738,129 SH   SOLE   738,129 0 0
NEXTERA ENERGY INC COM 65339F101 615 5,700 SH   SOLE   0 0 5,700
NIKE INC -CL B COM 654106103 388 4,000 SH   SOLE   0 0 4,000
NUCOR CORP COM 670346105 22,755 459,600 SH   SOLE   459,600 0 0
OASIS PETROLEUM INC COM 674215108 7,257 444,950 SH   SOLE   444,950 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 17,843 219,200 SH   SOLE   214,500 0 4,700
OCEANEERING INTL INC COM 675232102 14,416 244,000 SH   SOLE   244,000 0 0
OGE ENERGY CORP COM 670837103 140 3,900 SH   SOLE   3,900 0 0
ORACLE CORP COM 68389X105 907 20,000 SH   SOLE   0 0 20,000
PEABODY ENERGY CORP COM 704549104 6,720 866,000 SH   SOLE   866,000 0 0
PEPSICO INC COM 713448108 854 8,900 SH   SOLE   0 0 8,900
PETROCHINA CO LTD -ADR COM 71646E104 10,377 94,436 SH   SOLE   94,436 0 0
PETROLEO BRASILEIRO-SPON ADR COM 71654V408 6,500 894,100 SH   SOLE   894,100 0 0
PETROLEO BRASIL-SP PREF ADR COM 71654V101 130 17,300 SH   SOLE   0 0 17,300
PFIZER INC COM 717081103 1,100 35,041 SH   SOLE   0 0 35,041
PHILLIPS 66 COM 718546104 8,036 110,200 SH   SOLE   110,200 0 0
PINNACLE WEST CAPITAL COM 723484101 146 2,100 SH   SOLE   2,100 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 14,497 96,600 SH   SOLE   96,600 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 277 3,000 SH   SOLE   0 0 3,000
POSCO- SPON ADR COM 693483109 7,149 112,100 SH   SOLE   112,100 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 49,915 1,395,515 SH   SOLE   1,395,515 0 0
PRICELINE GROUP INC/THE COM 741503403 345 300 SH   SOLE   0 0 300
PROCTER & GAMBLE CO/THE COM 742718109 1,366 14,788 SH   SOLE   0 0 14,788
QUALCOMM INC COM 747525103 743 9,900 SH   SOLE   0 0 9,900
RANDGOLD RESOURCES LTD-ADR COM 752344309 14,072 207,222 SH   SOLE   207,222 0 0
REYNOLDS AMERICAN INC COM 761713106 442 6,800 SH   SOLE   6,800 0 0
RIO TINTO PLC-SPON ADR COM 767204100 50,354 1,081,247 SH   SOLE   1,081,247 0 0
ROWAN COMPANIES PLC-A COM G7665A101 6,729 284,400 SH   SOLE   284,400 0 0
ROYAL BANK OF CANADA COM 780087102 988 12,300 SH   SOLE   3,700 0 8,600
ROYAL DUTCH SHELL-SPON ADR-A COM 780259206 38,059 565,005 SH   SOLE   565,005 0 0
SCHLUMBERGER LTD COM 806857108 20,735 239,884 SH   SOLE   232,684 0 7,200
SEAGATE TECHNOLOGY COM G7945M107 484 7,200 SH   SOLE   7,200 0 0
SEMPRA ENERGY COM 816851109 567 5,000 SH   SOLE   0 0 5,000
SIMON PROPERTY GROUP INC COM 828806109 649 3,500 SH   SOLE   0 0 3,500
SM ENERGY CO COM 78454L100 9,052 234,507 SH   SOLE   234,507 0 0
SOUTHERN CO/THE COM 842587107 677 13,600 SH   SOLE   1,700 0 11,900
SOUTHERN COPPER CORP COM 84265V105 17,709 624,643 SH   SOLE   624,643 0 0
SOUTHWESTERN ENERGY CO COM 845467109 4,636 170,200 SH   SOLE   170,200 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 2,221 10,700 SH   SOLE   0 0 10,700
SPECTRA ENERGY CORP COM 847560109 404 11,000 SH   SOLE   11,000 0 0
STARBUCKS CORP COM 855244109 352 4,300 SH   SOLE   0 0 4,300
SUNCOR ENERGY INC COM 867224107 348 9,400 SH   SOLE   0 0 9,400
SUPERIOR ENERGY SERVICES INC COM 868157108 9,726 474,192 SH   SOLE   474,192 0 0
SYNGENTA AG-ADR COM 87160A100 22,156 341,123 SH   SOLE   341,123 0 0
SYNOPSYS INC COM 871607107 2,051 46,800 SH   SOLE   0 0 46,800
SYSCO CORP COM 871829107 338 8,400 SH   SOLE   8,400 0 0
TECK RESOURCES LTD-CLS B COM 878742204 15,479 1,124,911 SH   SOLE   1,124,911 0 0
TESORO CORP COM 881609101 1,802 23,900 SH   SOLE   0 0 23,900
TEXAS INSTRUMENTS INC COM 882508104 367 6,800 SH   SOLE   0 0 6,800
THERMO FISHER SCIENTIFIC INC COM 883556102 2,254 17,800 SH   SOLE   0 0 17,800
TIME WARNER INC COM 887317303 2,295 26,700 SH   SOLE   0 0 26,700
TORONTO-DOMINION BANK COM 891160509 1,608 29,000 SH   SOLE   18,000 0 11,000
TOTAL SA-SPON ADR COM 89151E113 37,981 737,217 SH   SOLE   737,217 0 0
TRANSCANADA CORP COM 89353D107 468 8,200 SH   SOLE   8,200 0 0
TWENTY-FIRST CENTURY FOX-A COM 90130A101 336 8,700 SH   SOLE   0 0 8,700
UNION PACIFIC CORP COM 907818108 625 5,200 SH   SOLE   0 0 5,200
UNITED PARCEL SERVICE-CL B COM 911312106 493 4,400 SH   SOLE   0 0 4,400
UNITEDHEALTH GROUP INC COM 91324P102 617 6,000 SH   SOLE   0 0 6,000
US BANCORP COM 902973304 483 10,600 SH   SOLE   0 0 10,600
VALE SA-SP ADR COM 91912E109 6,797 820,900 SH   SOLE   820,900 0 0
VALERO ENERGY CORP COM 91913Y100 1,939 39,000 SH   SOLE   0 0 39,000
VERIZON COMMUNICATIONS INC COM 92343V104 1,183 25,000 SH   SOLE   0 0 25,000
VERMILION ENERGY INC COM 923725105 363 6,400 SH   SOLE   6,400 0 0
VISA INC-CLASS A SHARES COM 92826C839 741 2,800 SH   SOLE   0 0 2,800
WALGREENS BOOTS ALLIANCE INC COM 931427108 411 5,400 SH   SOLE   0 0 5,400
WAL-MART STORES INC COM 931142103 829 9,549 SH   SOLE   0 0 9,549
WALT DISNEY CO/THE COM 254687106 881 9,300 SH   SOLE   0 0 9,300
WEATHERFORD INTERNATIONAL PL COM H27013103 6,023 521,500 SH   SOLE   521,500 0 0
WELLS FARGO & CO COM 949746101 1,535 27,700 SH   SOLE   0 0 27,700
WEYERHAEUSER CO COM 962166104 27,678 759,543 SH   SOLE   759,543 0 0
WISCONSIN ENERGY CORP COM 976657106 269 5,000 SH   SOLE   5,000 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 2,337 27,100 SH   SOLE   0 0 27,100
XCEL ENERGY INC COM 98389B100 167 4,600 SH   SOLE   4,600 0 0