GRANT PARK FUTURES FUND LIMITED PARTNERSHIP - FORM 8-K - EX-99.1 - WEEKLY COMMENTARY FOR THE WEEK ENDED MAY 2, 2014

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EXHIBIT 99.1

Grant Park Fund Weekly Commentary

For the Week Ended May 2, 2014

Current Month				Rolling Performance*				Rolling Risk Metrics* (June 2009 – May 2014)
Class	Week ROR	MTD ROR	YTD ROR	1 yr Ann ROR	3 yr Ann ROR	5 yr Ann ROR	10 yr Ann ROR	Annualized ROR	Annualized Standard Deviation	Maximum Drawdown	Sharpe Ratio	Sortino Ratio
A	0.3%	-0.5%	-6.7%	-8.4%	-8.5%	-6.1%	0.2%	-6.1%	10.3%	-28.8%	-0.6	-0.8
B**	0.3%	-0.5%	-6.9%	-8.9%	-9.1%	-6.6%	-0.5%	-6.6%	10.3%	-30.2%	-0.6	-0.8
Legacy 1***	0.4%	-0.4%	-6.0%	-6.5%	-6.5%	-4.2%	N/A	-4.2%	10.1%	-23.8%	-0.4	-0.5
Legacy 2***	0.4%	-0.4%	-6.1%	-6.7%	-6.8%	-4.4%	N/A	-4.4%	10.1%	-24.5%	-0.4	-0.6
Global 1***	0.4%	-0.5%	-5.9%	-6.2%	-5.8%	-5.0%	N/A	-5.0%	9.7%	-22.8%	-0.5	-0.7
Global 2***	0.4%	-0.5%	-6.0%	-6.4%	-6.1%	-5.3%	N/A	-5.3%	9.7%	-23.9%	-0.5	-0.7
Global 3***	0.3%	-0.5%	-6.5%	-7.8%	-7.6%	-7.0%	N/A	-7.0%	9.7%	-30.3%	-0.7	-0.9

S&P 500 Total Return Index****	1.0%	-0.1%	2.4%	17.5%	14.2%	17.8%	7.5%	17.8%	13.4%	-16.3%	1.3	2.2
Barclays Capital U.S. Long Gov Index****	1.2%	1.4%	10.7%	1.7%	7.6%	7.3%	7.1%	7.3%	11.2%	-15.5%	0.7	1.2

Performance metrics are calculated using month-to-date performance estimates. All performance data is subject to verification.

Units began trading in August 2003.

***

Units began trading in April 2009.

****

Index is unmanaged & is not available for direct investment. Please see Indices Overview (below) for more information. Weekly RORs are calculated using data acquired through Bloomberg.

Portfolio Positions by Sectors and Markets (Two largest positions within each sector)

	Portfolio for A, B and Legacy units					Portfolio for Global units
Sector	Sector		Market			Sector		Market
Sector	Exposure	Position	Contract	Exposure	Position	Exposure	Position	Contract	Exposure	Position
COMMODITIES	29%					29%
Energy	14%	Long	Brent Crude Oil	3.5%	Long	14%	Long	Brent Crude Oil	3.5%	Long
Energy	14%	Long	Natural Gas	3.0%	Long	14%	Long	Natural Gas	3.0%	Long
Grains/Foods	10%	Long	Soybeans	2.7%	Long	10%	Long	Soybeans	2.7%	Long
Grains/Foods	10%	Long	Corn	1.9%	Long	10%	Long	Corn	1.9%	Long
Metals	5%	Long	Aluminum	1.2%	Long	5%	Long	Aluminum	1.2%	Long
Metals	5%	Long	Silver	0.8%	Short	5%	Long	Silver	0.8%	Short
FINANCIALS	71%					71%
Currencies	34%	Short $	Japanese Yen	5.8%	Short	34%	Short $	Japanese Yen	5.8%	Short
Currencies	34%	Short $	British Pound	4.3%	Long	34%	Short $	British Pound	4.3%	Long
Equities	17%	Long	S&P 500 Index	4.3%	Long	17%	Long	S&P 500	4.3%	Long
Equities	17%	Long	DJ Eurostoxx 50 Index	2.2%	Long	17%	Long	DJ Eurostoxx 50 Index	2.2%	Long
Fixed Income	20%	Long	Bunds	4.1%	Long	20%	Long	Bunds	4.1%	Long
Fixed Income	20%	Long	U.S. Treasury Bonds	3.0%	Long	20%	Long	U.S. Treasury Bonds	3.1%	Long

Market Commentary (Largest price movements within each sector)

Sector/Market
Energy	Gasoline blendstock prices fell over 4% after the U.S. Energy Information Administration reported crude oil inventories had risen to their highest levels since 1982. Heating oil prices dropped in excess of 2% as overall demand fell across the U.S. due to warmer weather.
Grains/Foods	Corn prices fell amid speculation drier weather will allow farmers to plant at a faster pace, which increased overall supply forecasts. Wheat prices rose due to ongoing droughts in wheat producing states coupled with increased supply concerns out of Ukraine.
Metals	Platinum prices rose by more than 1% as miners in South Africa continued to strike which put pressure on supply forecasts. Copper prices fell following the release of disappointing Chinese manufacturing data.
Currencies	The New Zealand dollar appreciated sharply against counterparts after strong demand for the nation’s agricultural products was reported. The Canadian dollar also moved higher, fueled by strength in the energy markets and expectations of bullish economic data from the U.S., Canada’s largest trading partner.
Equities	The Australian ASX 200 Index fell by more than 1% in reaction to weak Chinese manufacturing data and to disappointing U.S. growth data. The German DAX Index rallied because of elevated investor risk appetite following the announcement of a larger-than-expected increase in U.S. payrolls.
Fixed Income	Prices for U.S. Treasury bonds and German Bunds rose as demand for safe-haven assets increased in reaction to rising tensions in Ukraine.

ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. FUTURES TRADING INVOLVES A HIGH DEGREE OF RISK AND IS NOT SUITABLE FOR ALL INVESTORS. FUTURES TRADING INVOLVES A HIGH DEGREE OF RISK, INCLUDING LIQUIDITY RISKS, NO SECONDARY MARKET EXISTS, RESTRICTIONS ON REDEMPTIONS, AND THE RISK OF FOREIGN SECURITIES. THIS DOES NOT CONSTITUTE AN OFFER OF ANY SECURITY FOR SALE. OFFERING BY PROSPECTUS ONLY. INFORMATION IN THIS COMMENTARY IS DRAWN FROM VARIOUS SOURCES THAT ARE DEEMED TO BE RELIABLE. HOWEVER, THE INFORMATION IS NOT AUDITED BY DEARBORN CAPITAL. IN ADDITION, DEARBORN CAPITAL DRAWS UPON THIS INFORMATION TO MAKE ITS OWN ASSUMPTIONS WHICH COULD BE CONSIDERED DEARBORN CAPITAL’S OPINION. DEARBORN CAPITAL BELIEVES THAT ANY SUCH STATEMENTS OF OPINION HAVE A REASONABLE BASIS IN FACT.

Performance Chart

Barclays Capital U.S. Long Government Index (formerly Lehman Brothers U.S. Government Index: Long Subset): A benchmark comprised of the Barclays Capital U.S. Treasury and U.S. Agency indices. The U.S. Long Government Index includes Treasuries (public obligations of the U.S. Treasury that have remaining maturities of more than ten years) and U.S. agency debentures (publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government). The U.S. Government Index is a component of the Barclays Capital U.S. Government Index.

Compounded Annualized Rate of Return (ROR): This is the geometric 12-month mean that assumes the same rate of return for each 12-month period to arrive at the equivalent compound growth rate reflected in the actual return data.

Standard and Poor’s 500 Total Return Index (S&P 500 Index): A weighted index of the 500 stocks in the S&P 500 Index, which are chosen by Standard and Poor’s based on industry representation, liquidity, and stability. The stocks in the S&P 500 Index are not the 500 largest companies; rather the index is designed to capture the returns of many different sectors of the U.S. economy. The total return calculation includes the price-plus-gross cash dividend return.

Risk Metrics Chart

Drawdown: A drawdown is any losing period during an investment’s performance history. It is defined as the percent retrenchment from an equity peak to an equity valley. Maximum drawdown is simply the largest percentage drawdown that has occurred during the specified time frame. Grant Park’s drawdowns are computed based on month-end equity values.

Sharpe Ratio: A return/risk measure defined as the average incremental return of an investment over the risk free rate.

Sortino Ratio: A ratio developed to differentiate between good and bad volatility. The calculation provides a risk-adjusted measure of performance without penalizing for upward price changes.

Standard Deviation: Measures the dispersal or uncertainty in a random variable (in this case, investment returns). It measures the degree of variation of returns around the mean, or average, return. The higher the volatility of the investment returns, the higher the standard deviation will be. For this reason, standard deviation is often used as a measure of investment risk.

GRANT PARK FUTURES FUND LIMITED PARTNERSHIP - FORM 8-K - EX-99.1 - WEEKLY COMMENTARY FOR THE WEEK ENDED MAY 2, 2014 - May 6, 2014

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