Grant Park Futures Fund Limited Partnership
Filed: 21 Feb 17, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-202279
Grant Park Fund January 2017 Update
February 21, 2017
Supplement dated February 21, 2017 to Prospectus dated April 29, 2016
| Class | Jan ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -2.50% | -2.50% | $9.31M | $1,057.171 |
| B | -2.55% | -2.55% | $94.73M | $868.020 |
| Legacy 1 | -2.31% | -2.31% | $1.23M | $829.729 |
| Legacy 2 | -2.33% | -2.33% | $0.46M | $812.176 |
| Global 1 | -2.26% | -2.26% | $32.71M | $819.819 |
| Global 2 | -2.29% | -2.29% | $1.98M | $804.378 |
| Global 3 | -2.43% | -2.43% | $17.54M | $701.888 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The U.S. dollar weakened as markets consolidated after a strong year and the new U.S. administration advocated for a weaker U.S. dollar policy. The Australian and New Zealand dollars strengthened as markets sought to invest in countries with stable economies and political environments. The Japanese yen strengthened as Japan’s trade surplus exceeded estimates.
Energy: Crude oil prices fell as inventories grew, despite output cuts from OPEC members. Natural gas and heating oil prices declined amid warmer weather.
Equities: Global equity markets surged in the beginning of the month, driven by expectations of additional fiscal stimulus, the hope for regulatory rollback, and for strong U.S. economic data. They began to retreat during late-month due to uncertainty about those factors as the Trump administration initially focused on trade and immigration policy initiatives.
Fixed Income: The bond market reversed direction as market expectations diverged about how quickly the Federal Reserve would raise interest rates. Prices on 10-year U.S. Treasury notes and 30-year U.S. Treasury bonds rose. In Japan and the Eurozone, central banks decided to forgo short-term bond purchases to steepen the interest-rate yield curve.
Grains/Foods: Grains prices rose due to adverse growing conditions in South America. Sugar prices rose on tightened supplies and downgrades to production expectations in India. Coffee prices rose after Brazil’s crop estimates were lowered. Cotton markets also rose on strong export sales.
Metals: Precious metal prices rose following a retreat in U.S. stocks and weakness in the U.S. dollar. Base metal prices increased on rising demand and a weaker U.S. dollar.
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.
Account Statement
(Prepared from books without audit)
For the month ended January 31, 2017
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | -$945,017 | -$945,017 | |||||
| Change In Unrealized Income (Loss) | -2,354,498 | -2,354,498 | |||||
| Brokerage Commission | -66,648 | -66,648 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -123,462 | -123,462 | |||||
| Change in Accrued Commission | -7,674 | -7,674 | |||||
| Net Trading Income (Loss) | -3,497,299 | -3,497,299 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $68,053 | $68,053 | |||||
| Interest, Other | 35,231 | 35,231 | |||||
| U.S. Government Securities Gain (Loss) | 0 | 0 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | -3,394,015 | -3,394,015 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 0 | 0 | |||||
| Operating Expenses | 33,770 | 33,770 | |||||
| Organization and Offering Expenses | 38,960 | 38,960 | |||||
| Brokerage Expenses | 615,477 | 615,477 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 688,207 | 688,207 | |||||
| Net Income (Loss) | -$4,082,222 | -$4,082,222 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $165,364,938 | $165,364,938 | |||||
| Additions | 0 | 0 | |||||
| Net Income (Loss) | -4,082,222 | -4,082,222 | |||||
| Redemptions | -3,318,245 | -3,318,245 | |||||
| Balance at January 31, 2017 | $157,964,471 | $157,964,471 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly | ROR Year to Date ROR | |||
| A | $1,057.171 | 8,808.45269 | $9,312,045 | -2.50% | -2.50% | |||
| B | $868.020 | 109,138.25686 | $94,734,244 | -2.55% | -2.55% | |||
| Legacy 1 | $829.729 | 1,483.38650 | $1,230,808 | -2.31% | -2.31% | |||
| Legacy 2 | $812.176 | 563.96399 | $458,038 | -2.33% | -2.33% | |||
| Global 1 | $819.819 | 39,904.16731 | $32,714,209 | -2.26% | -2.26% | |||
| Global 2 | $804.378 | 2,457.00072 | $1,976,356 | -2.29% | -2.29% | |||
| Global 3 | $701.888 | 24,987.98186 | $17,538,771 | -2.43% | -2.43% | |||
__________________________________________________________
David Kavanagh, President
For Dearborn Capital Management, LLC
General Partner of Grant Park Futures Fund, Limited Partnership