Grant Park Futures Fund Limited Partnership
Filed: 21 Jun 17, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-202279
Grant Park Fund May 2017 Update
June 21, 2017
Supplement dated June 21, 2017 to Prospectus dated May 15, 2017
| Class | May ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -0.64% | -3.32% | $8.26M | $1,048.293 |
| B | -0.69% | -3.58% | $85.11M | $858.857 |
| Legacy 1 | -0.45% | -2.38% | $1.23M | $829.121 |
| Legacy 2 | -0.47% | -2.48% | $0.41M | $810.902 |
| Global 1 | -0.39% | -2.22% | $27.65M | $820.236 |
| Global 2 | -0.41% | -2.32% | $1.65M | $804.115 |
| Global 3 | -0.56% | -3.03% | $13.29M | $697.560 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The U.S. dollar weakened amid concerns about on-going investigations of Russian tampering in the U.S. elections, on weak U.S. housing data and on uncertainty about the direction of U.S. economic policy. The euro strengthened on an improved outlook for the euro zone economy, as well as on expectations the European Central Bank will begin to reduce its quantitative-easing programs. The New Zealand dollar strengthened on a favorable economic outlook.
Energy: Crude oil prices declined due to concerns about elevated global supplies. Natural gas prices declined as forecasts for mild weather pointed to reduced demand.
Equities: Global equity markets rose on positive economic growth reports, despite acts of global terrorism, continued reports of potential Russian interference in the U.S. elections, and rising Chinese debt.
Fixed Income: Global fixed income prices rose as the markets adapted to the Federal Reserve’s commitment to raising interest rates and to normalizing monetary policy.
Grains/Foods: Wheat and corn prices moved higher on concerns the weather may damage upcoming crops. Sugar markets declined over seven percent on expectations of a supply surplus. Lean hog prices rose over 20% due to strong demand ahead of the summer holidays. Cocoa prices rose over 11% amid signs of tighter supplies in the Ivory Coast, the world’s top grower. Soybean markets declined on concerns about weak markets in China, the top importer, and on record production from South America.
Metals: Precious metals markets moved higher as geopolitical fears about key European countries increased demand for safe haven assets. Copper markets moved lower on weak demand.
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 May 31, 2017 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | $286,163 | -$971,154 | |||||
| Change In Unrealized Income (Loss) | -404,229 | 123,360 | |||||
| Brokerage Commission | -68,619 | -361,442 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -111,579 | -575,533 | |||||
| Change in Accrued Commission | 1,291 | -8,204 | |||||
| Net Trading Income (Loss) | -296,973 | -1,792,973 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $67,858 | $339,795 | |||||
| Interest, Other | 31,161 | 164,141 | |||||
| U.S. Government Securities Gain (Loss) | 0 | 0 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | -197,954 | -1,289,037 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 69,805 | 333,323 | |||||
| Operating Expenses | 29,792 | 161,632 | |||||
| Organization and Offering Expenses | 34,365 | 186,363 | |||||
| Brokerage Expenses | 538,178 | 2,954,324 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 672,140 | 3,635,642 | |||||
| Net Income (Loss) | -$870,094 | -$4,924,679 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $143,058,839 | $165,364,938 | |||||
| Additions | 28,500 | 102,425 | |||||
| Net Income (Loss) | -870,094 | -4,924,679 | |||||
| Redemptions | -4,617,320 | -22,942,759 | |||||
| Balance at May 31, 2017 | $137,599,925 | $137,599,925 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR | Year to Date ROR | |||
| A | $1,048.293 | 7,878.43945 | $8,258,912 | -0.64% | -3.32% | |||
| B | $858.857 | 99,101.08571 | $85,113,618 | -0.69% | -3.58% | |||
| Legacy 1 | $829.121 | 1,478.58093 | $1,225,922 | -0.45% | -2.38% | |||
| Legacy 2 | $810.902 | 511.77476 | $414,999 | -0.47% | -2.48% | |||
| Global 1 | $820.236 | 33,706.77891 | $27,647,508 | -0.39% | -2.22% | |||
| Global 2 | $804.115 | 2,047.94234 | $1,646,781 | -0.41% | -2.32% | |||
| Global 3 | $697.560 | 19,055.25136 | $13,292,184 | -0.56% | -3.03% | |||
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