Grant Park Futures Fund Limited Partnership
Filed: 24 Aug 18, 12:00am
Filed pursuant to Rule 424(b)(3)
File No. 333-223480
Grant Park Fund July 2018 Update
August 23, 2018
Supplement dated August 23, 2018 to Prospectus dated July 13, 2018
| Class | July ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | 0.20% | -5.87% | $5.95M | $988.752 |
| B | 0.14% | -6.23% | $58.91M | $803.972 |
| Legacy 1 | 0.39% | -4.58% | $1.06M | $803.455 |
| Legacy 2 | 0.37% | -4.72% | $0.38M | $783.555 |
| Global 1 | 0.44% | -3.92% | $22.66M | $802.695 |
| Global 2 | 0.42% | -4.07% | $0.93M | $784.789 |
| Global 3 | 0.27% | -5.06% | $0.98M | $666.972 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies: The Canadian dollar strengthened as officials signaled progress in talks to update the NAFTA trade pact and data showed the pace of growth in the manufacturing industry was strong. The Japanese yen weakened as the Bank of Japan continued its long-running dovish monetary policy. The British pound weakened on continuing concerns over Brexit and on uncertainty about Britain’s economic outlook.
Energy: Crude oil prices moved lower as OPEC output rose to its highest level of the year. Natural gas and heating oil prices declined on higher production and forecasts for milder-than-expected weather.
Equities: U.S. and European equity markets were up on positive U.S. earnings reports, positive jobs data and evidence of steady economic growth. The Hang Seng Index declined on uncertainty over trade concerns.
Fixed Income: Global fixed income markets moved slightly lower as the Federal Reserve continued to favor higher interest rates and the Bank of England left interest rates unchanged. Japanese government bonds declined as the Bank of Japan stated their quantitative easing program would continue.
Grains/Foods: Corn and soybean markets moved higher on positive export data. Wheat markets also moved higher as global inventories fell. Cotton prices rose on increased demand and forecasts for lower crop yields. Sugar markets continued to move lower as supplies exceeded demand.
Metals: Precious metals prices declined after the U.S. reported strong GDP growth and in anticipation of additional interest rate hikes. Base metal prices continued to decline 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 July 31, 2018 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | $641,075 | -$1,512,118 | |||||
| Change In Unrealized Income (Loss) | -42,296 | -126,564 | |||||
| Brokerage Commission | -29,680 | -263,139 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -81,418 | -597,790 | |||||
| Change in Accrued Commission | -462 | 6,312 | |||||
| Net Trading Income (Loss) | 487,219 | -2,493,299 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $57,904 | $415,356 | |||||
| Interest, Other | 15,940 | 128,201 | |||||
| Income from Securities | 39,278 | -1,007,263 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | 600,341 | -2,957,005 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | 0 | 4,621 | |||||
| Operating Expenses | 19,342 | 148,933 | |||||
| Organization and Offering Expenses | 22,179 | 171,154 | |||||
| Brokerage Expenses | 349,172 | 2,684,029 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 390,693 | 3,008,737 | |||||
| Net Income (Loss) | $209,648 | -$5,965,742 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $92,199,223 | $113,483,622 | |||||
| Additions | 0 | 166 | |||||
| Net Income (Loss) | 209,648 | -5,965,742 | |||||
| Redemptions | -1,542,321 | -16,651,496 | |||||
| Balance at July 31, 2018 | $90,866,550 | $90,866,550 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR Year to Date ROR | ||||
| A | $988.752 | 6,022.64829 | $5,954,904 | 0.20% | -5.87% | |||
| B | $803.972 | 73,272.84767 | $58,909,325 | 0.14% | -6.23% | |||
| Legacy 1 | $803.455 | 1,317.53489 | $1,058,580 | 0.39% | -4.58% | |||
| Legacy 2 | $783.555 | 482.22166 | $377,847 | 0.37% | -4.72% | |||
| Global 1 | $802.695 | 28,233.61854 | $22,662,976 | 0.44% | -3.92% | |||
| Global 2 | $784.789 | 1,179.17853 | $925,407 | 0.42% | -4.07% | |||
| Global 3 | $666.972 | 1,465.59812 | $977,512 | 0.27% | -5.06% | |||
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