424B3 1 r424b3_092418.htm SUPPLEMENT DATED SEPTEMBER 25, 2018 TO PROSPECTUS DATED JULY 13, 2018

Filed pursuant to Rule 424(b)(3)
File No. 333-223480
 

Grant Park Fund August 2018 Update
September 25, 2018
   
     
Supplement dated September 25, 2018 to Prospectus dated July 13, 2018
Class
August ROR
YTD ROR
Net Asset Value
Net Asset Value per Unit
A
0.01%
-5.86%
$5.00M
$988.899
B
-0.04%
-6.27%
$57.85M
$803.650
Legacy 1
0.21%
-4.38%
$1.06M
$805.136
Legacy 2
0.19%
-4.54%
$0.38M
$785.029
Global 1
0.25%
-3.67%
$22.07M
$804.741
Global 2
0.23%
-3.85%
$0.90M
$786.628
Global 3
0.10%
-4.97%
$0.90M
$667.612
ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES
Sector Commentary
Currencies:  The U.S. dollar strengthened as the Turkish lira crisis caused investors to seek safe-haven currencies.  The euro weakened as European banks were thought to have the greatest exposure to emerging market currencies.  Uncertainty about a Brexit deal pressured the British pound.  The New Zealand dollar weakened after the Reserve Bank of New Zealand left rates unchanged.

Energy:  Crude oil prices moved higher due to several factors: reduced domestic inventories, the U.S. sanctions on Iran and supply disruptions in Libya and Venezuela.  Natural gas prices rose as inventories reached an eight-year low.

Equities: U.S. equity indices rose due to gains in the technology sector, strong second-quarter earnings and news of a potential NAFTA overhaul.  European equity markets declined on concerns over potential contagion from Turkey’s currency crisis.

Fixed Income:  Global fixed income markets moved higher as continued trade concerns and volatility in the currency markets increased demand for safe-haven assets.

Grains/Foods:  Corn, wheat and soybean markets moved lower on weak export demand and on a positive supply outlook due to favorable weather conditions.  Prices across coffee markets declined over 10% on increased inventories, a weak Brazilian currency and on concerns over global economic health.  Cotton prices declined after reports indicated harvests were stronger than expected.

Metals:  Precious metals prices declined on a strong U.S. dollar.  Copper prices declined on continued concerns of trade tariffs and on economic slowdown in China.


Additional Information:  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






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 August 31, 2018

 STATEMENT OF INCOME
             
 Trading Income (Loss)
 
 
             Monthly Performance            
             Year to Date Performance            
 
 Realized Trading Income (Loss)
 
$276,540
 
-$1,235,578
   
 Change In Unrealized Income (Loss)
 
229,191
 
102,627
   
 Brokerage Commission
   
-33,354
 
-296,493
   
 Exchange, Clearing Fee and NFA Charges
 
0
 
0
   
 Other Trading Costs
   
-74,683
 
-672,473
   
 Change in Accrued Commission
 
130
 
6,442
   
 Net Trading Income (Loss)
 
 
397,824
 
-2,095,475
 
 
               
 Other Income
 
 
             Monthly Performance             
             Year to Date Performance            
 
 Interest, U.S. Obligations
   
$57,902
 
$473,258
   
 Interest, Other
   
20,555
 
148,756
   
 Income from Securities
   
17,771
 
-989,492
   
 Dividend Income
   
0
 
0
   
 Total Income (Loss)
 
 
494,052
 
-2,462,953
 
 
               
 Expenses
 
 
             Monthly Performance             
             Year to Date Performance             
 
 Management Fee
   
$0
 
$0
   
 Incentive Fee
   
62,683
 
67,304
   
 Operating Expenses
   
19,045
 
167,978
   
 Organization and Offering Expenses
 
21,856
 
193,010
   
 Brokerage Expenses
   
349,305
 
3,033,334
   
 Dividend Expenses
   
0
 
0
   
 Total Expenses
 
 
452,889
 
3,461,626
 
 
               
 Net Income (Loss)
 
 
$41,163
 
-$5,924,579
 
 
               
 Statement of Changes in Net Asset Value
 
             Monthly Performance            
             Year to Date Performance            
 
 Beginning Balance
   
$90,866,550
 
$113,483,622
   
 Additions
   
0
 
166
   
 Net Income (Loss)
   
41,163
 
-5,924,579
   
 Redemptions
   
-2,751,498
 
-19,402,994
   
 Balance at August 31, 2018
 
 
$88,156,215
 
$88,156,215
 
 

PERFORMANCE SUMMARY BY CLASS
             
 Class
            Net Asset Value per Unit
                                     Units
                                                       Net Asset Value
         Monthly ROR                                         Year to Date ROR
 A
$988.899
 
5,058.34551
$5,002,192
 
0.01%
-5.86%
 
 B
$803.650
 
71,978.42144
$57,845,457
 
-0.04%
-6.27%
 
 Legacy 1
$805.136
 
1,317.53489
$1,060,795
 
0.21%
-4.38%
 
 Legacy 2
$785.029
 
482.22166
$378,558
 
0.19%
-4.54%
 
 Global 1
$804.741
 
27,424.96252
$22,069,997
 
0.25%
-3.67%
 
 Global 2
$786.628
 
1,142.90187
$899,039
 
0.23%
-3.85%
 
 Global 3
$667.612
 
1,348.35465
$900,178
 
0.10%
-4.97%
 
 
 
 
 
 
 
 
 
 

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