Grant Park Futures Fund Limited Partnership
Filed: 22 Nov 16, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-202279
Grant Park Fund October 2016 Update
November 22, 2016
Supplement dated November 22, 2016 to Prospectus dated April 29, 2016
| Class | Oct ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -3.64% | -2.26% | $9.46M | $1,068.157 |
| B | -3.69% | -2.84% | $101.06M | $878.465 |
| Legacy 1 | -3.45% | -0.48% | $1.29M | $833.506 |
| Legacy 2 | -3.47% | -0.70% | $0.56M | $816.408 |
| Global 1 | -3.37% | 0.55% | $35.49M | $822.223 |
| Global 2 | -3.37% | 0.56% | $2.09M | $807.525 |
| Global 3 | -3.51% | -0.83% | $20.93M | $707.729 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The British pound and the euro declined after U.K. Prime Minister May announced a plan to exit the Eurozone faster than expected. Speculation over a U.S. interest rate hike also weakened the currencies, including the Japanese yen. The Canadian dollar weakened due to falling oil prices and on discussion the Bank of Canada could possibly lower interest rates.
Energy: Crude oil prices declined on doubts OPEC members and Russia will agree to cut crude oil production. Natural gas markets rose due to expectations of high demand this winter.
Equities: U.S. equity markets finished lower, pressured by oil company stocks and political uncertainty. European equities rose due to a weaker British currency, on speculation about a U.S. interest rate hike and on better-than-expected economic data.
Fixed Income: Global fixed income markets declined on rising expectations of a December rate hike. Bund prices fell over two percent as gains in crude oil and recovery in equities reduced demand for the safe-haven asset. Gilt prices declined after the European Central Bank conducted informal meetings to decide how to taper or end its quantitative easing initiatives.
Grains/Foods: Grains and soybeans markets rose on strong demand and exports. Sugar prices declined due to elevated supplies. Coffee prices rose over eight percent as fears over supplies were reinforced by the International Coffee Organization, which flagged potential setbacks to forthcoming harvests in Brazil, Colombia, Indonesia and Vietnam; the world's four biggest coffee producing countries.
Metals: Precious metals markets declined as demand decreased with rising expectations of an interest rate hike in December.
Additional Information: For the Fund’s monthly Account Statement, including the net asset value per unit, and related information, please visit our website at grantparkfunds.com.
Sincerely,
David Kavanagh
President
President
Daily fund performance and weekly commentaries are available on our website at 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.
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 October 31, 2016
STATEMENT OF INCOME
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | -$3,500,783 | $12,457,168 | |||||
| Change In Unrealized Income (Loss) | -2,196,120 | -3,272,066 | |||||
| Brokerage Commission | -73,221 | -937,591 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -151,805 | -1,567,381 | |||||
| Change in Accrued Commission | 8,773 | 17,163 | |||||
| Net Trading Income (Loss) | -5,913,156 | 6,697,293 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $64,303 | $734,532 | |||||
| Interest, Other | 35,628 | 377,124 | |||||
| U.S. Government Securities Gain (Loss) | 0 | 0 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | -5,813,225 | 7,808,949 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | -42,141 | 643,438 | |||||
| Operating Expenses | 36,682 | 422,619 | |||||
| Organization and Offering Expenses | 42,434 | 489,277 | |||||
| Brokerage Expenses | 673,626 | 8,191,405 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 710,601 | 9,746,739 | |||||
| Net Income (Loss) | -$6,523,826 | -$1,937,790 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $181,737,314 | $213,734,838 | |||||
| Additions | 0 | 110,450 | |||||
| Net Income (Loss) | -6,523,826 | -1,937,790 | |||||
| Redemptions | -4,332,877 | -41,026,887 | |||||
| Balance at October 31, 2016 | $170,880,611 | $170,880,611 | |||||
PERFORMANCE SUMMARY BY CLASS
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR Year to Date ROR | ||||
| A | $1,068.157 | 8,853.32139 | $9,456,736 | -3.64% | -2.26% | |||
| B | $878.465 | 115,042.42737 | $101,060,765 | -3.69% | -2.84% | |||
| Legacy 1 | $833.506 | 1,548.52781 | $1,290,707 | -3.45% | -0.48% | |||
| Legacy 2 | $816.408 | 686.07088 | $560,113 | -3.47% | -0.70% | |||
| Global 1 | $822.223 | 43,163.26365 | $35,489,842 | -3.37% | 0.55% | |||
| Global 2 | $807.525 | 2,590.82306 | $2,092,154 | -3.37% | 0.56% | |||
| Global 3 | $707.729 | 29,573.88458 | $20,930,294 | -3.51% | -0.83% | |||
__________________________________________________________
David Kavanagh, President
For Dearborn Capital Management, LLC
General Partner of Grant Park Futures Fund, Limited Partnership