Grant Park Futures Fund Limited Partnership
Filed: 29 Jan 20, 4:16pm
Grant Park Fund December 2019 Update
January 29, 2020
| Class | Dec ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit |
| A | 0.93% | 4.85% | $4.02 | $992.104 |
| B | 0.88% | 4.23% | $41.82 | $799.784 |
| Legacy 1 | 1.12% | 7.20% | $0.41 | $832.278 |
| Legacy 2 | 1.10% | 6.87% | $0.33 | $808.272 |
| Global 1 | 1.16% | 7.65% | $15.59 | $836.867 |
| Global 2 | 1.14% | 7.47% | $0.69 | $815.993 |
| Global 3 | 1.00% | 5.73% | $0.32 | $677.285 |
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Overall Fund performance was positive, led by gains in the equities, metals, energies and grains and foods sectors. Losses in the fixed income and currencies sectors partially offset trading profits.
Positive performance in equities was driven by positions in the FTSE, MSCI EM, Nasdaq and Hang Seng indices. Performance in metals was driven by positions in gold and platinum. Gains in energies were led by positions in brent oil and crude oil. Losses in heating oil and gas oil positions offset some of the gains. Performance in grains and foods was slightly positive, as gains in positions in wheat, cotton and soybean oil were mostly offset by losses in soybean meal, soybeans and cocoa.
Negative performance in the fixed income sector was driven by positions in the Bund, U.S. Treasury Bond and Euro OAT Futures. Performance in the currencies sector was negative and led by positions in foreign exchange of the U.S. dollar against the euro, euro and the Australian dollar.
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.
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 December 31, 2019 | |||||||
| STATEMENT OF INCOME | |||||||
| Trading Income (Loss) | Monthly Performance | Year to Date Performance | |||||
| Realized Trading Income (Loss) | $761,364 | $7,797,625 | |||||
| Change In Unrealized Income (Loss) | 81,197 | -179,196 | |||||
| Brokerage Commission | -8,800 | -186,161 | |||||
| Exchange, Clearing Fee and NFA Charges | 0 | 0 | |||||
| Other Trading Costs | -67,058 | -851,717 | |||||
| Change in Accrued Commission | 116 | 8,755 | |||||
| Net Trading Income (Loss) | 766,819 | 6,589,306 | |||||
| Other Income | Monthly Performance | Year to Date Performance | |||||
| Interest, U.S. Obligations | $56,469 | $818,348 | |||||
| Interest, Other | 36,157 | 338,068 | |||||
| Income from Securities | 0 | 2,216 | |||||
| Dividend Income | 0 | 0 | |||||
| Total Income (Loss) | 859,445 | 7,747,938 | |||||
| Expenses | Monthly Performance | Year to Date Performance | |||||
| Management Fee | $0 | $0 | |||||
| Incentive Fee | -22,953 | 402,188 | |||||
| Operating Expenses | 13,495 | 179,164 | |||||
| Organization and Offering Expenses | 15,480 | 205,948 | |||||
| Brokerage Expenses | 243,025 | 3,249,780 | |||||
| Dividend Expenses | 0 | 0 | |||||
| Total Expenses | 249,047 | 4,037,080 | |||||
| Net Income (Loss) | $610,398 | $3,710,858 | |||||
| Statement of Changes in Net Asset Value | Monthly Performance | Year to Date Performance | |||||
| Beginning Balance | $63,847,347 | $77,934,699 | |||||
| Additions | 0 | 0 | |||||
| Net Income (Loss) | 610,398 | 3,710,858 | |||||
| Redemptions | -1,271,838 | -18,459,650 | |||||
| Balance at December 31, 2019 | $63,185,907 | $63,185,907 | |||||
| PERFORMANCE SUMMARY BY CLASS | |||||||||||||||
| Class | Net Asset Value per Unit | Units | Net Asset Value | Monthly ROR | Year to Date ROR | ||||||||||
| A | $992.104 | 4,047.68346 | $4,015,721 | 0.93% | 4.85% | ||||||||||
| B | $799.784 | 52,290.81983 | $41,821,340 | 0.88% | 4.23% | ||||||||||
| Legacy 1 | $832.278 | 497.72146 | $414,243 | 1.12% | 7.20% | ||||||||||
| Legacy 2 | $808.272 | 403.67688 | $326,281 | 1.10% | 6.87% | ||||||||||
| Global 1 | $836.867 | 18,633.94544 | $15,594,131 | 1.16% | 7.65% | ||||||||||
| Global 2 | $815.993 | 846.78492 | $690,971 | 1.14% | 7.47% | ||||||||||
| Global 3 | $677.285 | 477.23010 | $323,221 | 1.00% | 5.73% | ||||||||||
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