Grant Park Futures Fund Limited Partnership
Filed: 21 Apr 11, 12:00am
Filed Pursuant to Rule 424(b)(3)
File No. 333-153862
Account Statement
(Prepared from books without audit)
For the month ended March 31, 2011
STATEMENT OF INCOME | ||||||||
Trading Income (Loss) | Month to Date Total | Year to Date Total | ||||||
Realized Trading Income (Loss) | $ | 4,622,640 | $ | 20,859,065 | ||||
Change In Unrealized Income (Loss) | -23,470,744 | -10,700,361 | ||||||
Brokerage Commission | -311,951 | -618,613 | ||||||
Exchange, Clearing Fee and NFA Charges | -173,681 | -433,690 | ||||||
Other Trading Costs | -654,588 | -2,322,800 | ||||||
Change in Accrued Commission | 2,872 | -54,468 | ||||||
Net Trading Income (Loss) | -19,985,452 | 6,729,133 | ||||||
Other Income | Month to Date Total | Year to Date Total | ||||||
Interest, U.S. Obligations | $ | 237,201 | $ | 669,453 | ||||
Interest, Other | 84,917 | 269,665 | ||||||
U.S. Government Securities Gain (Loss) | 0 | 0 | ||||||
Dividend Income | 33,962 | 33,962 | ||||||
Total Income (Loss) | -19,629,372 | 7,702,213 | ||||||
Expenses | Month to Date Total | Year to Date Total | ||||||
Management Fee | $ | 0 | $ | 0 | ||||
Incentive Fee | -2,293,716 | 1,655,846 | ||||||
Operating Expenses | 189,558 | 571,596 | ||||||
Organization and Offering Expenses | 216,826 | 653,464 | ||||||
Brokerage Expenses | 4,515,948 | 13,659,602 | ||||||
Dividend Expenses | 40,063 | 40,063 | ||||||
Total Expenses | 2,668,679 | 16,580,571 | ||||||
Net Income (Loss) | -$ | 22,298,051 | -$ | 8,878,358 | ||||
Statement of Changes in Net Asset Value | Month to Date Total | Year to Date Total | ||||||
Beginning Balance | $ | 914,908,729 | $ | 891,912,771 | ||||
Additions | 13,983,909 | 37,119,010 | ||||||
Net Income (Loss) | -22,298,051 | -8,878,358 | ||||||
Redemptions | -9,208,427 | -22,767,263 | ||||||
Balance at MARCH 31, 2011 | $ | 897,386,160 | $ | 897,386,160 | ||||
PERFORMANCE SUMMARY BY CLASS |
| |||||||||||||||||||
Class | Net Asset Value per Unit | Units | Net Asset Value | ROR – Month to Date | ROR – Year to Date | |||||||||||||||
A | $ | 1,476.735 | 42,839.21929 | $ | 63,262,160 | -2.48 | % | -0.80 | % | |||||||||||
B | $ | 1,258.645 | 485,714.76551 | $ | 611,342,432 | -2.53 | % | -0.96 | % | |||||||||||
Legacy 1 | $ | 1,022.499 | 6,566.95991 | $ | 6,714,707 | -2.21 | % | -0.24 | % | |||||||||||
Legacy 2 | $ | 1,016.584 | 9,312.84882 | $ | 9,467,296 | -2.22 | % | -0.31 | % | |||||||||||
Global 1 | $ | 978.095 | 12,317.00707 | $ | 12,047,199 | -1.85 | % | -0.64 | % | |||||||||||
Global 2 | $ | 971.172 | 21,562.18328 | $ | 20,940,580 | -1.89 | % | -0.70 | % | |||||||||||
Global 3 | $ | 934.709 | 185,738.94342 | $ | 173,611,787 | -2.01 | % | -1.20 | % | |||||||||||
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 | ||||
Grant Park Fund March 2011 Update
April 21, 2011
Supplement dated April 21, 2011 to Prospectus dated April 1, 2010
Class | March ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit | ||||||||||||
A | -2.5 | % | -0.8 | % | $ | 63.3M | $ | 1,476.74 | ||||||||
B | -2.5 | % | -1.0 | % | $ | 611.3M | $ | 1,258.65 | ||||||||
Legacy 1 | -2.2 | % | -0.2 | % | $ | 6.7M | $ | 1,022.50 | ||||||||
Legacy 2 | -2.2 | % | -0.3 | % | $ | 9.5M | $ | 1,016.58 | ||||||||
Global 1 | -1.9 | % | -0.6 | % | $ | 12.0M | $ | 978.10 | ||||||||
Global 2 | -1.9 | % | -0.7 | % | $ | 20.9M | $ | 971.17 | ||||||||
Global 3 | -2.0 | % | -1.2 | % | $ | 173.6M | $ | 934.71 | ||||||||
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Grains/Foods: Corn and wheat prices generally fell after the United States Department of Agriculture reported upcoming harvests may produce near-record supplies. Adding to the decline in grains prices was weak demand from China for U.S crops. In the livestock markets, strong U.S. meat export data led to rallies in the live cattle and lean hogs markets.
Currencies:The Swiss franc posted gains as ongoing tension in Libya and the Japanese earthquake increased demand for safe-haven currencies. Comments made by the European Central Bank alluding to a potential interest rate hike in the Eurozone caused the euro to strengthen over major counterparts.
Energy: Crude oil markets rallied, predominantly led higher by global turmoil. Supply concerns caused by unrest in Libya, strong economic data, and optimistic recovery forecasts for Japan combined to move crude oil prices higher. Natural gas finished nearly 9% higher for the month on speculation that Japanese demand for alternative fuels would increase due to ongoing turmoil at some of the nation’s key nuclear power plants.
Equities: The Japanese Nikkei 225 fell in excess of 10% amidst concerns regarding the economic outlook for the nation following the recent earthquake and threats of a radiation leak at a key nuclear power plant. European equity markets also finished lower on renewed fears surrounding the financial stability of Spain and Portugal which weighed on investor sentiment.
Fixed Income: U.S. fixed-income markets predominantly declined because of liquidations prompted by optimistic employment and U.S. growth data. Intra-month gains in the U.S. equity markets also played a role in moving debt prices lower.
Metals: Precious metals markets experienced gains as ongoing tension in Libya buoyed demand for safe-haven assets. The base metals markets moved generally lower as production disruptions in Japan and reports showing a Chinese trade deficit weighed on prices.
| Sincerely, |
 |
| David Kavanagh |
| President |
| Enclosures |
Daily fund performance and weekly commentaries are available on our website at www.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.