Grant Park Futures Fund Limited Partnership
Filed: 19 Aug 09, 12:00am
Filed pursuant to Rule 424(b)3
File No. 333-153862
Grant Park Fund July 2009 Update
August 19, 2009
Supplement dated August 19, 2009 to Prospectus dated March 25, 2009
| Class | July ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -1.3% | -9.4% | $77.0M | $1,422.3 |
| B | -1.3% | -9.8% | $722.3M | $1,255.2 |
| Legacy 1 | -1.1% | -4.1% | $2.0M | $959.0 |
| Legacy 2 | -1.1% | -4.2% | $1.9M | $958.1 |
| GAM 1 | -1.3% | -2.8% | $2.2M | $972.3 |
| GAM 2 | -1.3% | -2.9% | $1.5M | $971.1 |
| GAM 3 | -1.4% | -3.6% | $10.4M | $963.8 |
| ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES |
Grant Park’s Legacy and GAM portfolios began trading on April 1, 2009.
Grant Park Fund Announcements
Dearborn Capital Management, LLC, General Partner of the Grant Park Fund moved on Friday, August 21. Our new offices are still in Chicago and all phone numbers remain the same. Our new address is:
Dearborn Capital Management, LLC
626 W. Jackson Blvd., Suite 600
Chicago, IL 60661
Sector Commentary
Agriculturals/Softs: Soybean prices declined in July as a result of optimal weather in the Midwestern United States and technical selling by large commodity funds. In the softs markets, tight supply forecasts drove sugar prices to multi-year highs.
Currencies: The U.S. dollar declined against most counterparts in July. Signs of economic recovery and strong moves in the global equity markets supported higher-yielding currencies such as the Australian dollar.
Energies: Elevated inventories in the energy markets led to a decline across the sector. Speculators liquidated positions on beliefs that higher inventory levels were a sign of ongoing weak demand for energy products.
Equities: Strong corporate earnings resulted in solid gains in the global equity markets last month. Improvement in a number of global economic indicators also played a major role in moving prices higher.
Fixed Income: A surge in investor risk appetite caused prices in the fixed-income markets to decline in July. Investors liquidated debt positions on speculation that the global recession may be abating.
Metals: Gold markets rallied in July in response to a weak U.S. dollar. In the base metals markets, better-than-expected housing starts for June led to strong gains in the copper markets. An improvement in the U.S. growth report also added to the rally in base metals.
Sincerely,
David Kavanagh
President
Enclosures
Daily fund performance is available on our website at www.grantparkfunds.com along with weekly commentary.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
FUTURES TRADING INVOLVES A HIGH DEGREE OF RISK AND IS NOT SUITABLE FOR ALL INVESTORS
THIS DOES NOT CONSTITUTE AN OFFER OF ANY SECURITY FOR SALE NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH AN OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION OFFERING BY PROSPECTUS ONLY.
Account Statement
(Prepared from books without audit)
For the month ended July 31, 2009
STATEMENT OF INCOME
| Trading Income (Loss) | Month to Date Total | Year to Date Total | ||||||
| Realized Trading Income (Loss) | $ | -22,439,335 | $ | -58,587,391 | ||||
| Change In Unrealized Income (Loss) | 17,593,622 | 12,084,267 | ||||||
| Brokerage Commission | -374,444 | -1,401,419 | ||||||
| Exchange, Clearing Fee and NFA Charges | -24,844 | -1,209,072 | ||||||
| Other Trading Costs | -585,956 | -4,337,203 | ||||||
| Change in Accrued Commission | -47,175 | -135,909 | ||||||
| Net Trading Income (Loss) | -5,878,132 | -53,586,727 | ||||||
| Other Income | Month to Date Total | Year to Date Total | ||||||
| Interest, U.S. Obligations | $ | 221,105 | $ | 2,526,397 | ||||
| Interest, Other | 241,708 | 2,687,329 | ||||||
| U.S. Government Securities Gain (Loss) | -55,346 | -409,672 | ||||||
| Total Income (Loss) | -5,470,665 | -48,782,673 | ||||||
| Expenses | Month to Date Total | Year to Date Total | ||||||
| Management Fee | $ | 0 | $ | 0 | ||||
| Incentive Fee | 684,727 | 3,110,061 | ||||||
| Operating Expenses | 172,070 | 1,180,601 | ||||||
| Organization and Offering Expenses | 193,538 | 1,846,537 | ||||||
| Brokerage Expenses | 4,377,259 | 30,253,818 | ||||||
| Total Expenses | 5,427,594 | 36,391,017 | ||||||
| Net Income (Loss) | $ | -10,898,259 | $ | -85,173,690 | ||||
| Statement of Changes in Net Asset Value | Month to Date Total | Year to Date Total | ||||||
| Beginning Balance | $ | 824,565,796 | $ | 643,595,209 | ||||
| Additions | 6,253,710 | 287,034,396 | ||||||
| Net Income (Loss) | -10,898,259 | -85,173,690 | ||||||
| Redemptions | -2,531,668 | -28,066,336 | ||||||
| Balance at JULY 31, 2009 | $ | 817,389,579 | $ | 817,389,579 | ||||
PERFORMANCE SUMMARY BY CLASS
| Class | Net Asset Value per Unit | Units | Net Asset Value | ROR – Month to Date | ROR – Year to Date |
| A | $1,422.294 | 54,154.42053 | $77,023,488 | -1.3% | -9.4% |
| B | $1,225.202 | 589,560.72923 | $722,331,073 | -1.3% | -9.8% |
| Legacy 1 | $959.026 | 2,080.79348 | $1,995,534 | -1.1% | -4.1% |
| Legacy 2 | $958.052 | 2,004.93340 | $1,920,830 | -1.1% | -4.2% |
| GAM 1 | $972.269 | 2,273.35582 | $2,210,312 | -1.3% | -2.8% |
| GAM 2 | $971.123 | 1,592.55919 | $1,546,570 | -1.3% | -2.9% |
| GAM 3 | $963.812 | 10,750.82266 | $10,361,772 | -1.4% | -3.6% |
Grant Park’s Legacy and GAM portfolios began trading on April 1, 2009.
To the best of my knowledge and belief the information contained herein is accurate and complete.
__________________________________________________________
David Kavanagh, President
For Dearborn Capital Management, LLC
General Partner of Grant Park Futures Fund, Limited Partnership