Grant Park Futures Fund Limited Partnership
Filed: 22 Mar 17, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-202279
Grant Park Fund February 2017 Update
March 21, 2017
Supplement dated March 21, 2017 to Prospectus dated April 29, 2016
| Class | Feb ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | 3.64% | 1.06% | $9.36M | $1,095.704 |
| B | 3.59% | 0.95% | $96.35M | $899.169 |
| Legacy 1 | 3.84% | 1.45% | $1.27M | $861.628 |
| Legacy 2 | 3.82% | 1.40% | $0.48M | $843.224 |
| Global 1 | 3.78% | 1.43% | $33.14M | $850.798 |
| Global 2 | 3.75% | 1.38% | $1.98M | $834.544 |
| Global 3 | 3.60% | 1.08% | $16.80M | $727.145 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The U.S. dollar strengthened on increased expectations the Federal Reserve will raise interest rates in March. The Canadian dollar weakened in reaction to that expectation and on the likelihood the Bank of Canada will leave interest rates unchanged. The euro weakened amidst the uncertainty of the outcomes in the upcoming elections in France and Holland.
Energy: Crude oil prices rose slightly as concerns about rising U.S. inventories partially offset the reported OPEC production cuts. Natural gas prices declined as demand fell because of warmer-than-expected weather across the world.
Equities: Global equity markets continued to rise. Domestically, stock indicies reached all-time highs on improving economic data and continued investor optimism about tax reform and economic policies. The Dow Jones Industrial Index rallied for 11 straight days, its longest streak since 1987.
Fixed Income: Fixed income markets moved higher as the markets reacted to economic data and comments from U.S. central bankers which increased the likelihood of an interest rate hike by the Federal Reserve. Longer-maturity fixed income prices stabilized and the U.K. and German positions, in particular, gained value.
Grains/Foods: Corn prices rose after the USDA reported better export sales and increased concerns about global supplies. Sugar prices fell on the combination of increased supplies and lower demand. Coffee markets fell in reaction to an overabundance of supplies worldwide; the current surplus is the largest in six years.
Metals: Precious metal prices rose on increased demand for safe-haven assets due to concerns about geopolitics and the ability of the U.S. government to enact a wide range of economy-growing policies.
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
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 February 28, 2017 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | $2,799,698 | $1,854,681 | |||||
| Change In Unrealized Income (Loss) | 3,855,358 | 1,500,860 | |||||
| Brokerage Commission | -69,581 | -136,229 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -120,268 | -243,730 | |||||
| Change in Accrued Commission | -10,364 | -18,038 | |||||
| Net Trading Income (Loss) | 6,454,843 | 2,957,544 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $68,036 | $136,089 | |||||
| Interest, Other | 31,790 | 67,021 | |||||
| U.S. Government Securities Gain (Loss) | 0 | 0 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | 6,554,669 | 3,160,654 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 100,112 | 100,112 | |||||
| Operating Expenses | 34,301 | 68,071 | |||||
| Organization and Offering Expenses | 39,543 | 78,503 | |||||
| Brokerage Expenses | 634,050 | 1,249,527 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 808,006 | 1,496,213 | |||||
| Net Income (Loss) | $5,746,663 | $1,664,441 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $157,964,471 | $165,364,938 | |||||
| Additions | 5,000 | 5,000 | |||||
| Net Income (Loss) | 5,746,663 | 1,664,441 | |||||
| Redemptions | -4,330,795 | -7,649,040 | |||||
| Balance at February 28, 2017 | $159,385,339 | $159,385,339 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR Year to Date ROR | ||||
| A | $1,095.704 | 8,541.45853 | $9,358,911 | 3.64% | 1.06% | |||
| B | $899.169 | 107,154.83899 | $96,350,298 | 3.59% | 0.95% | |||
| Legacy 1 | $861.628 | 1,478.58093 | $1,273,986 | 3.84% | 1.45% | |||
| Legacy 2 | $843.224 | 563.96399 | $475,548 | 3.82% | 1.40% | |||
| Global 1 | $850.798 | 38,957.50625 | $33,144,975 | 3.78% | 1.43% | |||
| Global 2 | $834.544 | 2,370.56355 | $1,978,340 | 3.75% | 1.38% | |||
| Global 3 | $727.145 | 23,108.55775 | $16,803,280 | 3.60% | 1.08% | |||
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