Grant Park Futures Fund Limited Partnership
Filed: 26 Nov 19, 5:12pm
Grant Park Fund October 2019 Update
November 26, 2019
Class | Oct ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | -1.59% | 4.14% | $4.23M | $985.387 |
| B | -1.64% | 3.64% | $42.59M | $795.213 |
| Legacy 1 | -1.41% | 6.08% | $0.41M | $823.544 |
| Legacy 2 | -1.42% | 5.79% | $0.32M | $800.116 |
| Global 1 | -1.37% | 6.42% | $15.91M | $827.342 |
| Global 2 | -1.38% | 6.29% | $0.70M | $807.035 |
| Global 3 | -1.53% | 4.87% | $0.45M | $671.766 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Overall Fund performance was negative, led by losses in the fixed income, currencies, grains and foods sectors. Gains in the equities, metals and energies sectors partially offset trading losses.
Negative fixed income performance was driven by positions in the German bund, Euro OAT futures and short sterling. Negative performance in currencies was driven by positions in the British pound, euro, Australian dollar, and Brazilian real. Gains from positions in the Mexican peso partially offset sector losses. The negative performance in grains and foods was led by positions in soybeans, soybean meal and coffee.
The equities sector performance was positive, led by positions in the Nikkei, EMINI MSCI EM and the OMX 30 indices. Losses from positions in the FTSE index offset some of the gains. Performance in the metals sector was positive and led by positions in gold, palladium and silver. Positive energies performance was driven by positions in gas oil and heating oil.
Additional Information: Grant Park no longer offers units for sale in connection with the prospectus that forms its registration statement on Form S-1 (Reg. No. 333-223480), which was initially filed with the Securities and Exchange Commission on July 13, 2018. For existing investors in Grant Park, business continues to be conducted as usual. There was no change in the trading, operations, or monthly statements, etc., and redemption requests continue to be offered on a monthly basis. For the Fund’s monthly Account Statement, including the net asset value per unit, and related information, please visit our website at grantparkfunds.com.
Effective December 1, 2019, Grant Park’s trading advisors and reference traders will manage between 1% and 35% of Grant Park’s net assets.
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 October 31, 2019 | |||||||
| STATEMENT OF INCOME | |||||||
Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | -$1,083,798 | $7,158,737 | |||||
| Change In Unrealized Income (Loss) | 265,160 | -530,997 | |||||
| Brokerage Commission | -10,885 | -165,345 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -71,086 | -714,247 | |||||
| Change in Accrued Commission | 226 | 4,945 | |||||
| Net Trading Income (Loss) | -900,383 | 5,753,093 | |||||
Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $68,302 | $698,827 | |||||
| Interest, Other | 24,659 | 281,253 | |||||
| Income from Securities | 0 | 2,216 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | -807,422 | 6,735,389 | |||||
Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | -34,549 | 404,928 | |||||
| Operating Expenses | 13,866 | 152,160 | |||||
| Organization and Offering Expenses | 15,910 | 174,965 | |||||
| Brokerage Expenses | 249,631 | 2,762,237 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 244,858 | 3,494,290 | |||||
| Net Income (Loss) | -$1,052,280 | $3,241,099 | |||||
Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $67,294,193 | $77,934,699 | |||||
| Additions | 0 | 0 | |||||
| Net Income (Loss) | -1,052,280 | 3,241,099 | |||||
| Redemptions | -1,621,906 | -16,555,791 | |||||
| Balance at October 31, 2019 | $64,620,007 | $64,620,007 | |||||
| PERFORMANCE SUMMARY BY CLASS | ||||||||
Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR | Year to Date ROR | |||
| A | $985.387 | 4,294.10411 | $4,231,353 | -1.59% | 4.14% | |||
| B | $795.213 | 53,559.03749 | $42,590,859 | -1.64% | 3.64% | |||
| Legacy 1 | $823.544 | 502.57885 | $413,896 | -1.41% | 6.08% | |||
| Legacy 2 | $800.116 | 403.67688 | $322,988 | -1.42% | 5.79% | |||
| Global 1 | $827.342 | 19,227.84290 | $15,908,007 | -1.37% | 6.42% | |||
| Global 2 | $807.035 | 868.83830 | $701,183 | -1.38% | 6.29% | |||
| Global 3 | $671.766 | 672.43648 | $451,720 | -1.53% | 4.87% | |||
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