Grant Park Futures Fund Limited Partnership
Filed: 20 May 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 April 30, 2011
STATEMENT OF INCOME
Trading Income (Loss) | Month to Date Total | Year to Date Total | ||||||
Realized Trading Income (Loss) | $ | 20,395,060 | $ | 41,254,125 | ||||
Change In Unrealized Income (Loss) | 25,708,770 | 15,008,409 | ||||||
Brokerage Commission | -198,491 | -817,104 | ||||||
Exchange, Clearing Fee and NFA Charges | -123,753 | -557,443 | ||||||
Other Trading Costs | -948,819 | -3,271,619 | ||||||
Change in Accrued Commission | 67,091 | 12,623 | ||||||
Net Trading Income (Loss) | 44,899,858 | 51,628,991 | ||||||
Other Income | Month to Date Total | Year to Date Total | ||||||
Interest, U.S. Obligations | $ | 308,118 | $ | 977,571 | ||||
Interest, Other | 69,322 | 338,987 | ||||||
U.S. Government Securities Gain (Loss) | 0 | 0 | ||||||
Dividend Income | 13,214 | 47,176 | ||||||
Total Income (Loss) | 45,290,512 | 52,992,725 | ||||||
Expenses | Month to Date Total | Year to Date Total | ||||||
Management Fee | $ | 0 | $ | 0 | ||||
Incentive Fee | 7,925,317 | 9,581,163 | ||||||
Operating Expenses | 200,662 | 772,258 | ||||||
Organization and Offering Expenses | 229,692 | 883,156 | ||||||
Brokerage Expenses | 4,760,312 | 18,419,914 | ||||||
Dividend Expenses | 27,447 | 67,510 | ||||||
Total Expenses | 13,143,430 | 29,724,001 | ||||||
Net Income (Loss) | $ | 32,147,082 | $ | 23,268,724 | ||||
Statement of Changes in Net Asset Value | Month to Date Total | Year to Date Total | ||||||
Beginning Balance | $ | 897,386,160 | $ | 891,912,771 | ||||
Additions | 19,580,163 | 56,699,173 | ||||||
Net Income (Loss) | 32,147,082 | 23,268,724 | ||||||
Redemptions | -9,981,424 | -32,748,687 | ||||||
Balance at APRIL 30, 2011 | $ | 939,131,981 | $ | 939,131,981 | ||||
PERFORMANCE SUMMARY BY CLASS
Class | Net Asset Value per Unit | Units | Net Asset Value | ROR – Month to Date | ROR �� Year to Date | |||||||||||||||
A | $ | 1,532.719 | 42,281.38614 | $ | 64,805,481 | 3.79 | % | 2.96 | % | |||||||||||
B | $ | 1,305.669 | 480,103.93654 | $ | 626,857,035 | 3.74 | % | 2.74 | % | |||||||||||
Legacy 1 | $ | 1,061.783 | 6,637.37563 | $ | 7,047,455 | 3.84 | % | 3.60 | % | |||||||||||
Legacy 2 | $ | 1,054.866 | 10,110.72420 | $ | 10,665,459 | 3.77 | % | 3.44 | % | |||||||||||
Global 1 | $ | 1,006.686 | 13,183.57467 | $ | 13,271,719 | 2.92 | % | 2.27 | % | |||||||||||
Global 2 | $ | 999.388 | 22,532.68258 | $ | 22,518,882 | 2.91 | % | 2.19 | % | |||||||||||
Global 3 | $ | 960.448 | 201,953.72351 | $ | 193,965,951 | 2.75 | % | 1.53 | % | |||||||||||
To the best of my knowledge and belief the information contained herein is accurate and complete.
/s/ David Kavanagh David Kavanagh, President For Dearborn Capital Management, LLC General Partner of Grant Park Futures Fund, Limited Partnership |
Grant Park Fund April 2011 Update
May 20, 2011
Supplement dated May 20, 2011 to Prospectus dated April 29, 2010
Class | April ROR | YTD ROR | Net Asset Value | Net Asset Value per Unit | ||||||||||||
A | 3.8 | % | 3.0 | % | $ | 64.8M | $ | 1,532.72 | ||||||||
B | 3.7 | % | 2.7 | % | $ | 626.9M | $ | 1,305.67 | ||||||||
Legacy 1 | 3.8 | % | 3.6 | % | $ | 7.0M | $ | 1,061.78 | ||||||||
Legacy 2 | 3.8 | % | 3.4 | % | $ | 10.7M | $ | 1,054.87 | ||||||||
Global 1 | 2.9 | % | 2.3 | % | $ | 13.3M | $ | 1,006.69 | ||||||||
Global 2 | 2.9 | % | 2.2 | % | $ | 22.5M | $ | 999.39 | ||||||||
Global 3 | 2.8 | % | 1.5 | % | $ | 194.0M | $ | 960.45 | ||||||||
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Grains/Foods: Corn prices rose nearly 9% due to two factors: poor weather forecasts in major U.S. and European farming regions and increased corn demand from ethanol producers. Sugar prices fell sharply based on strong production forecasts from Thailand, the world second-largest exporter.
Metals: Precious metals markets moved steadily higher on increased buying by investors seeking to hedge against U.S. dollar weakness. Safe-haven buying caused by the economic situation in Japan and political unrest in the Middle East and Africa also played a role in driving precious metals markets higher. Copper prices declined due to forecasts for weaker industrial demand caused by the recent Japanese earthquake and potential interest rate hikes in China.
Currencies: The U.S. dollar weakened against global counterparts on concerns about economic growth in the U.S. Weak employment data and reports from Standard & Poor’s called for a prolonged U.S. economic recovery and put further pressure on the dollar. The euro and Swiss franc strengthened against the dollar as speculators believed that monetary policy shifts in the U.S. would lag those of its European counterparts.
Equities: North American and European equity markets moved predominantly higher, fueled by strong corporate earnings reports for the first quarter. Japanese equity markets finished the month slightly higher due to heavy buying by investors looking to take advantage of low share prices caused by recent downtrends. The Hong Kong Hang Seng index fell due to concerns over potential Chinese interest rate hikes which could hinder the nation’s economic growth.
Fixed Income: U.S. Treasury markets posted monthly gains as an unexpected rise in jobless claims put pressure on investor risk appetite. The current crisis events in Japan and turmoil in the Middle East and Africa combined to support increased demand in this sector.
Sincerely,
/s/ David Kavanagh |
David Kavanagh President
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| 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.