Attached files
Grant Park Fund November 2019 Update
January 3, 2020
|
Class
|
Nov ROR
|
YTD ROR
|
Net Asset Value
|
Net Asset Value per Unit
|
|
A
|
-0.24%
|
3.88%
|
$4.22M
|
$982.975
|
|
B
|
-0.30%
|
3.33%
|
$42.08M
|
$792.846
|
|
Legacy 1
|
-0.06%
|
6.02%
|
$0.41M
|
$823.073
|
|
Legacy 2
|
-0.08%
|
5.71%
|
$0.32M
|
$799.495
|
|
Global 1
|
-0.01%
|
6.41%
|
$15.71M
|
$827.240
|
|
Global 2
|
-0.03%
|
6.26%
|
$0.69M
|
$806.771
|
|
Global 3
|
-0.18%
|
4.69%
|
$0.41M
|
$670.588
|
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Overall Fund performance was negative, led by losses in the metals, fixed income and grains and foods sectors. Gains in the currencies, equities and energies
sectors partially offset trading losses.
Negative performance in metals was primarily driven by positions in gold; in fixed income, by positions in the German bund and U.S. government debt; and in grains
and foods, by positions in soybeans, coffee and sugar.
Performance in the currencies sector was positive and led by positions in the euro, Japanese yen, Brazilian real and Australian dollar and in foreign exchange
positions in the U.S. dollar against the euro and the U.S. dollar against the Japanese yen. The equities sector performance was positive, led by positions in the FTSE, Nikkei, ALL ORD, Nasdaq and S&P indices. Positive performance in the
energies sector was driven by positions in natural gas, brent oil and crude oil.
Effective November 30, 2019, Transtrend no longer serves as a Commodity Trading Advisor for Grant Park.
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 November 30, 2019
|
|||||
|
STATEMENT OF INCOME
|
|||||
|
Trading Income (Loss)
|
|
|
Monthly Performance
|
Year to Date Performance
|
|
|
Realized Trading Income (Loss)
|
-$122,476
|
$7,036,261
|
|||
|
Change In Unrealized Income (Loss)
|
270,604
|
-260,393
|
|||
|
Brokerage Commission
|
-12,016
|
-177,361
|
|||
|
Exchange, Clearing Fee and NFA Charges
|
0
|
0
|
|||
|
Other Trading Costs
|
-70,412
|
-784,659
|
|||
|
Change in Accrued Commission
|
3,694
|
8,639
|
|||
|
Net Trading Income (Loss)
|
|
|
69,394
|
5,822,487
|
|
|
Other Income
|
|
|
Monthly Performance
|
Year to Date Performance
|
|
|
Interest, U.S. Obligations
|
$63,052
|
$761,879
|
|||
|
Interest, Other
|
20,658
|
301,911
|
|||
|
Income from Securities
|
0
|
2,216
|
|||
|
Dividend Income
|
0
|
0
|
|||
|
Total Income (Loss)
|
|
|
153,104
|
|
6,888,493
|
|
Expenses
|
|
|
Monthly Performance
|
Year to Date Performance
|
|
|
Management Fee
|
$0
|
$0
|
|||
|
Incentive Fee
|
20,213
|
425,141
|
|||
|
Operating Expenses
|
13,509
|
165,669
|
|||
|
Organization and Offering Expenses
|
15,503
|
190,468
|
|||
|
Brokerage Expenses
|
244,518
|
3,006,755
|
|||
|
Dividend Expenses
|
0
|
0
|
|||
|
Total Expenses
|
|
|
293,743
|
|
3,788,033
|
|
Net Income (Loss)
|
|
|
-$140,639
|
$3,100,460
|
|
|
Statement of Changes in Net Asset Value
|
|
Monthly Performance
|
Year to Date Performance
|
||
|
Beginning Balance
|
$64,620,007
|
$77,934,699
|
|||
|
Additions
|
0
|
0
|
|||
|
Net Income (Loss)
|
-140,639
|
3,100,460
|
|||
|
Redemptions
|
-632,021
|
-17,187,812
|
|||
|
Balance at November 30, 2019
|
|
$63,847,347
|
$63,847,347
|
||
|
PERFORMANCE SUMMARY BY CLASS
|
||||||||
|
Class
|
Net Asset Value per Unit
|
Units
|
Net Asset Value
|
Monthly ROR
|
Year to Date ROR
|
|||
|
A
|
$982.975
|
4,294.10411
|
$4,220,997
|
-0.24%
|
3.88%
|
|||
|
B
|
$792.846
|
53,078.96604
|
$42,083,424
|
-0.30%
|
3.33%
|
|||
|
Legacy 1
|
$823.073
|
497.72146
|
$409,661
|
-0.06%
|
6.02%
|
|||
|
Legacy 2
|
$799.495
|
403.67688
|
$322,738
|
-0.08%
|
5.71%
|
|||
|
Global 1
|
$827.240
|
18,994.11719
|
$15,712,697
|
-0.01%
|
6.41%
|
|||
|
Global 2
|
$806.771
|
856.78027
|
$691,225
|
-0.03%
|
6.26%
|
|||
|
Global 3
|
$670.588
|
606.34044
|
$406,604
|
-0.18%
|
4.69%
|
|||
|
|
|
|
|
|
|
|
|
|
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