424B3 1 r424b3_112818.htm SUPPLEMENT DATED NOVEMBER 28, 2018 TO PROSPECTUS DATED JULY 13, 2018

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


Grant Park Fund October 2018 Update
November 28, 2018

Supplement dated November 28, 2018 to Prospectus dated July 13, 2018
Class
October ROR
YTD ROR
Net Asset Value
Net Asset Value per Unit
A
-3.56%
-9.81%
$4.79M
$947.323
B
-3.61%
-10.30%
$53.36M
$769.028
Legacy 1
-3.38%
-8.05%
$1.02M
$774.248
Legacy 2
-3.40%
-8.24%
$0.32M
$754.598
Global 1
-3.34%
-7.28%
$20.06M
$774.583
Global 2
-3.35%
-7.49%
$0.81M
$756.830
Global 3
-3.50%
-8.84%
$0.73M
$640.392


ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES


Sector Commentary
Currencies:  The U.S. dollar strengthened as the growth of the U.S. economy slowed less than expected and as volatility in the equity markets increased demand for safe-haven assets.  The Canadian dollar weakened when the central bank raised interest rates and indicated additional hikes would be needed to control inflation.  The euro weakened on disappointing economic reports in the Eurozone and over concerns about Italy’s debt crisis.  The British pound weakened on concerns about whether or not a Brexit agreement can be reached.

Energy:  Crude oil prices fell on rising inventories and on concerns a slowing global economy will reduce future demand.  Natural gas prices rose as inventories remained significantly below their five-year average and weather forecasts predicted cooler weather.

Equities: Global equity markets were down due to the unresolved trade dispute between the U.S. and China, on rising interest rates and due to the Italian debt crisis.

Fixed Income:  U.S. fixed income markets declined as the Federal Reserve continued to gradually raise interest rates.  European fixed income markets moved higher on weaker-than-expected economic data and on concerns surrounding Brexit negotiations.

Grains/Foods:  Corn markets rose after the USDA lowered its estimates for crop production.  Wheat markets declined on expectations of increased global supplies.  Sugar and coffee markets rose 26% and 10%, respectively, on a strong Brazilian real and on lower output.  Cocoa markets rose on higher demand and on concerns weather in West Africa would lower production.

Metals:  Gold prices rose as a decline in global stock markets increased demand for the safe-haven asset.  Copper and base metals moved lower on muted demand and on renewed trade tensions between the U.S. and 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 October 31, 2018
           
               
               
               
               
 STATEMENT OF INCOME
             
 Trading Income (Loss)
 
 
                                   Monthly Performance
                                          Year to Date Performance
 
 Realized Trading Income (Loss)
 
-$2,172,675
 
-$3,009,067
   
 Change In Unrealized Income (Loss)
 
-688,800
 
-956,927
   
 Brokerage Commission
   
-27,800
 
-361,361
   
 Exchange, Clearing Fee and NFA Charges
 
0
 
0
   
 Other Trading Costs
   
-77,823
 
-815,007
   
 Change in Accrued Commission
 
8,489
 
13,532
   
 Net Trading Income (Loss)
 
 
-2,958,609
 
-5,128,830
 
 
               
 Other Income
 
 
                                  Monthly Performance
                                         Year to Date Performance
 
 Interest, U.S. Obligations
   
$53,840
 
$583,464
   
 Interest, Other
   
33,646
 
188,109
   
 Income from Securities
   
141,625
 
-1,035,111
   
 Dividend Income
   
0
 
0
   
 Total Income (Loss)
 
 
-2,729,498
 
-5,392,368
 
 
               
 Expenses
 
 
                                  Monthly Performance
                                         Year to Date Performance
 
 Management Fee
   
$0
 
$0
   
 Incentive Fee
   
-46,637
 
10,293
   
 Operating Expenses
   
17,308
 
203,663
   
 Organization and Offering Expenses
 
19,968
 
234,196
   
 Brokerage Expenses
   
314,795
 
3,678,996
   
 Dividend Expenses
   
0
 
0
   
 Total Expenses
 
 
305,434
 
4,127,148
 
 
               
 Net Income (Loss)
 
 
-$3,034,932
 
-$9,519,516
 
 
               
 Statement of Changes in Net Asset Value
 
                                Monthly Performance
                                          Year to Date Performance
 
 Beginning Balance
   
$85,871,971
 
$113,483,622
   
 Additions
   
0
 
166
   
 Net Income (Loss)
   
-3,034,932
 
-9,519,516
   
 Redemptions
   
-1,742,795
 
-22,870,028
   
 Balance at October 31, 2018
 
 
$81,094,244
 
$81,094,244
 
 

PERFORMANCE SUMMARY BY CLASS
             
 Class
                            Net Asset Value per Unit
                            Units
                                 Net Asset Value
Monthly ROR                                   Year to Date ROR
 A
$947.323
 
5,058.34551
$4,791,887
 
-3.56%
-9.81%
 
 B
$769.028
 
69,379.82192
$53,355,049
 
-3.61%
-10.30%
 
 Legacy 1
$774.248
 
1,317.53489
$1,020,098
 
-3.38%
-8.05%
 
 Legacy 2
$754.598
 
430.02681
$324,497
 
-3.40%
-8.24%
 
 Global 1
$774.583
 
25,900.39146
$20,061,992
 
-3.34%
-7.28%
 
 Global 2
$756.830
 
1,067.29657
$807,762
 
-3.35%
-7.49%
 
 Global 3
$640.392
 
1,144.54679
$732,958
 
-3.50%
-8.84%
 
 
 
 
 
 
 
 
 
 


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