Grant Park Futures Fund Limited Partnership
Filed: 20 Jul 18, 5:14pm
Filed pursuant to Rule 424(b)(3)
File No. 333-223480
Grant Park Fund June 2018 Update
July 20, 2018
Supplement dated July 20, 2018 to Prospectus dated July 13, 2018
| Class | June ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | 1.98% | -6.05% | $6.15M | $986.803 |
| B | 1.92% | -6.36% | $59.77M | $802.825 |
| Legacy 1 | 2.17% | -4.96% | $1.05M | $800.330 |
| Legacy 2 | 2.15% | -5.07% | $0.38M | $780.671 |
| Global 1 | 2.22% | -4.34% | $22.90M | $799.205 |
| Global 2 | 2.20% | -4.47% | $0.92M | $781.541 |
| Global 3 | 2.05% | -5.31% | $1.03M | $665.184 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The U.S. dollar strengthened as monetary policy tightened and interest rate differentials increased with other economies. The Australian dollar weakened on a slowing Chinese economy and on rising U.S. interest rates. The New Zealand dollar weakened on concerns over rising trade tensions. The Canadian dollar also weakened on trade tensions.
Energy: Crude oil prices moved higher as OPEC agreed to increase output to compensate for sector-wide losses in production. Natural gas prices declined slightly as rising production and inventories limited the impact of warmer weather.
Equities: U.S. equities were mixed as the Dow moved lower on concerns about potential trade wars. The S&P finished the month slightly higher, boosted by rising energy stocks. U.K. equities markets moved lower on trade concerns and weaker-than-expected economic data.
Fixed Income: Global fixed income markets moved slightly lower, despite trade war concerns, with the Federal Reserve restating the case for tighter monetary policy. The Bank of England kept rates unchanged but provided hawkish guidance in its monetary policy statement.
Grains/Foods: Corn, wheat and soybean prices declined due to favorable weather and on concerns about trade disputes with China. Cotton prices also fell due to trade tensions with China. Sugar markets moved lower on excess supply. Coffee markets declined on rising output from Brazil, a top producer.
Metals: Precious metals prices declined on U.S. dollar strength. Base metal prices declined on low demand and a strong 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 June 30, 2018 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | -$1,099,705 | -$2,153,193 | |||||
| Change In Unrealized Income (Loss) | 3,219,099 | -84,268 | |||||
| Brokerage Commission | -36,013 | -233,459 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -74,760 | -516,372 | |||||
| Change in Accrued Commission | -45 | 6,774 | |||||
| Net Trading Income (Loss) | 2,008,576 | -2,980,518 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $58,473 | $357,452 | |||||
| Interest, Other | 13,472 | 112,261 | |||||
| Income from Securities | 163,249 | -1,046,541 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | 2,243,770 | -3,557,346 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 0 | 4,621 | |||||
| Operating Expenses | 19,629 | 129,591 | |||||
| Organization and Offering Expenses | 22,524 | 148,975 | |||||
| Brokerage Expenses | 355,549 | 2,334,857 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 397,702 | 2,618,044 | |||||
| Net Income (Loss) | $1,846,068 | -$6,175,390 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $92,059,697 | $113,483,622 | |||||
| Additions | 0 | 166 | |||||
| Net Income (Loss) | 1,846,068 | -6,175,390 | |||||
| Redemptions | -1,706,542 | -15,109,175 | |||||
| Balance at June 30, 2018 | $92,199,223 | $92,199,223 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR Year to Date ROR | ||||
| A | $986.803 | 6,227.63639 | $6,145,452 | 1.98% | -6.05% | |||
| B | $802.825 | 74,448.40021 | $59,769,024 | 1.92% | -6.36% | |||
| Legacy 1 | $800.330 | 1,317.53489 | $1,054,462 | 2.17% | -4.96% | |||
| Legacy 2 | $780.671 | 482.22166 | $376,456 | 2.15% | -5.07% | |||
| Global 1 | $799.205 | 28,651.11636 | $22,898,125 | 2.22% | -4.34% | |||
| Global 2 | $781.541 | 1,179.17853 | $921,576 | 2.20% | -4.47% | |||
| Global 3 | $665.184 | 1,554.64915 | $1,034,127 | 2.05% | -5.31% | |||
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