Grant Park Futures Fund Limited Partnership
Filed: 27 Sep 13, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-179641
Grant Park Fund August 2013 Update
September 27, 2013
Supplement dated September 27, 2013 to Prospectus dated April 30, 2013
| Class | August ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -2.2% | -7.5% | $24.7M | $1,125.59 |
| B | -2.3% | -7.9% | $248.9M | $944.44 |
| Legacy 1 | -2.0% | -6.0% | $3.9M | $823.11 |
| Legacy 2 | -2.1% | -6.2% | $8.3M | $811.04 |
| Global 1 | -2.0% | -5.7% | $10.1M | $797.54 |
| Global 2 | -2.0% | -5.8% | $19.4M | $786.78 |
| Global 3 | -2.2% | -6.9% | $183.7M | $725.94 |
| ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES |
Sector Commentary
Currencies: The New Zealand and Australian dollars fell in reaction to the adverse events in the Middle East and central bank actions in the two countries. The Canadian dollar depreciated following reports which showed Canada’s economy grew at a slower-than-expected pace in the second quarter.
Energy: The crude oil complex experienced significant price increases due to regional unrest throughout the Middle East. Natural gas prices rose because of warmer temperatures across the U.S.
Equities: The S&P 500 suffered a 3% correction in response to poor earnings reports from U.S. companies and possible military intervention in the Middle East. The Australian SPI 200 Index gained more than 2% on positive earnings reports from Australian companies.
Fixed Income: German Bund and British Long Gilt markets fell sharply on speculation about the end of the U.S. Federal Reserve’s quantitative easing efforts, as well as actions by other central banks around the world.
Grains/Foods: Wheat prices fell as ideal growing conditions in important growing areas across the U.S. continued to improve the size of this season’s crop. Coffee prices fell to their lowest levels since 2009 in reaction to estimates of rising supplies from South America.
Metals: Precious metal markets surged as investors sought safe-haven assets. Uncertainty about the timing of the Federal Reserve’s tapering of its quantitative easing program and widening unrest in the Middle East caused investors to seek safe-haven assets. Base metal markets also rallied, fueled by increased demand from China.
Additional information:
The Fund’s Account Statement, including the net asset value per share, and related information is available to all investors online at www.grantparkfunds.com.
Sincerely,
David Kavanagh
President
Daily fund performance and weekly commentaries are available on our website at www.grantparkfunds.com.
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 August 31, 2013 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Month to Date Total | Year to Date Total | |||||
| Realized Trading Income (Loss) | -$1,164,380 | -$9,249,068 | |||||
| Change In Unrealized Income (Loss) | -7,367,639 | -3,656,059 | |||||
| Brokerage Commission | -131,162 | -1,970,006 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | -22,608 | |||||
| Other Trading Costs | -498,321 | -3,935,630 | |||||
| Change in Accrued Commission | -23,271 | 5,860 | |||||
| Net Trading Income (Loss) | -9,184,773 | -18,827,511 | |||||
| Other Income | Month to Date Total | Year to Date Total | |||||
| Interest, U.S. Obligations | $78,880 | $456,491 | |||||
| Interest, Other | 36,346 | 401,685 | |||||
| U.S. Government Securities Gain (Loss) | 0 | 0 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | -9,069,547 | -17,969,335 | |||||
| Expenses | Month to Date Total | Year to Date Total | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 0 | 339,818 | |||||
| Operating Expenses | 108,792 | 987,064 | |||||
| Organization and Offering Expenses | 126,329 | 1,143,510 | |||||
| Brokerage Expenses | 2,441,927 | 22,203,844 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 2,677,048 | 24,674,236 | |||||
| Net Income (Loss) | -$11,746,595 | -$42,643,571 | |||||
| Statement of Changes in Net Asset Value | Month to Date Total | Year to Date Total | |||||
| Beginning Balance | $529,703,182 | $636,740,049 | |||||
| Additions | 1,070,833 | 21,703,820 | |||||
| Net Income (Loss) | -11,746,595 | -42,643,570 | |||||
| Redemptions | -20,008,298 | -116,781,177 | |||||
| Balance at August 31, 2013 | $499,019,122 | $499,019,122 | |||||
| PERFORMANCE SUMMARY BY CLASS | |||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | ROR – Month to Date | ROR – Year to Date | ||||
| A | $1,125.594 | 21,973.65386 | $24,733,414 | -2.22% | -7.46% | ||||
| B | $944.437 | 263,577.84498 | $248,932,615 | -2.28% | -7.86% | ||||
| Legacy 1 | $823.107 | 4,700.04399 | $3,868,640 | -2.04% | -6.05% | ||||
| Legacy 2 | $811.042 | 10,176.91431 | $8,253,906 | -2.06% | -6.19% | ||||
| Global 1 | $797.543 | 12,708.08010 | $10,135,244 | -2.00% | -5.67% | ||||
| Global 2 | $786.780 | 24,694.41499 | $19,429,074 | -2.02% | -5.83% | ||||
| Global 3 | $725.944 | 253,003.37268 | $183,666,230 | -2.17% | -6.92% | ||||
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