Company Quick10K Filing
Global Macro Trust
10-Q 2020-06-30 Filed 2020-08-13
10-Q 2020-03-31 Filed 2020-05-14
10-K 2019-12-31 Filed 2020-04-15
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-15
S-1 2019-02-13 Public Filing
10-K 2018-12-31 Filed 2019-03-28
10-Q 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-08-13
10-Q 2018-03-31 Filed 2018-05-14
10-K 2017-12-31 Filed 2018-03-29
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-11
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-29
10-Q 2016-09-30 Filed 2016-11-10
10-Q 2016-06-30 Filed 2016-08-12
10-Q 2016-03-31 Filed 2016-05-13
10-K 2015-12-31 Filed 2016-03-29
10-Q 2015-09-30 Filed 2015-11-13
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-14
10-K 2014-12-31 Filed 2015-03-30
10-Q 2014-09-30 Filed 2014-11-12
10-Q 2014-06-30 Filed 2014-08-13
10-Q 2014-03-31 Filed 2014-05-14
10-K 2013-12-31 Filed 2014-03-27
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-13
10-Q 2013-03-31 Filed 2013-05-14
10-K 2012-12-31 Filed 2013-03-28
10-Q 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-13
10-Q 2012-03-31 Filed 2012-05-15
10-K 2011-12-31 Filed 2012-03-30
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-12
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-30
10-Q 2010-09-30 Filed 2010-11-15
10-Q 2010-06-30 Filed 2010-08-13
10-Q 2010-03-31 Filed 2010-05-17
10-K 2009-12-31 Filed 2010-03-31
8-K 2020-02-01

C765 10Q Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and The Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 c765-20200630xex31_1.htm
EX-31.2 c765-20200630xex31_2.htm
EX-31.3 c765-20200630xex31_3.htm
EX-31.4 c765-20200630xex31_4.htm
EX-32.1 c765-20200630xex32_1.htm
EX-32.2 c765-20200630xex32_2.htm
EX-32.3 c765-20200630xex32_3.htm
EX-32.4 c765-20200630xex32_4.htm

Global Macro Trust Earnings 2020-06-30

Balance SheetIncome StatementCash Flow

10-Q 1 c765-20200630x10q.htm 10-Q 20200630 10-Q Q2_Taxonomy2019

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

 



 

 



Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the Quarterly Period Ended:   June 30, 2020

or

 



 

 



Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Commission File Number: 000-50102

 



GLOBAL MACRO TRUST

(Exact name of registrant as specified in its charter)







 

 

Delaware

 

36-7362830

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)



 

c/o MILLBURN RIDGEFIELD CORPORATION

55 West 46th Street, 31st Floor



New York, NY 10036

(Address of principal executive offices) (Zip code)

 

Registrant's telephone number, including area code:  (212) 332-7300





 

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

None

None



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

Yes          No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 

Yes          No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 



 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Yes          No

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes          No 


 







 







 

 

 

 

 

 

PART 1. FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 



 

 

 

 

 

 

Global Macro Trust

 

Financial statements

 

For the three and six months ended June 30, 2020 and 2019 (unaudited)

 



 

 

 

 

 

 

Statements of Financial Condition (a)

 

 

Condensed Schedules of Investments (a)

 

 

Statements of Operations (b)

 

 

Statements of Changes in Trust Capital (c)

 

 

Statements of Financial Highlights (b)

 

 

10 

Notes to the Financial Statements

 

 

12 



 

 

 

 

 

 

(a) At June 30, 2020 (unaudited) and December 31, 2019

 

(b) For the three and six months ended June 30, 2020 and 2019 (unaudited)

 

(c) For the six months ended June 30, 2020 and 2019 (unaudited)

 





















 

 

 


 





 

 

 

 

 

Global Macro Trust

Statements of Financial Condition

 

 

 

 

 

 



 

 

 

 

 



 

June 30, 2020 (unaudited)

 

 

December 31, 2019

ASSETS

 

 

 

 

 

EQUITY IN TRADING ACCOUNTS:

 

 

 

 

 

Investments in U.S. Treasury notes – at fair value

 

 

 

 

 

(amortized cost $10,479,822 and $20,608,824)

$

10,518,747 

 

$

20,644,779 

Net unrealized appreciation on open futures and

 

 

 

 

 

forward currency contracts

 

814,013 

 

 

1,144,023 

Due from brokers, net

 

3,578,785 

 

 

4,019,983 

Cash denominated in foreign currencies (cost $4,111,997 

 

 

 

 

 

and $8,462,150)

 

4,138,310 

 

 

8,600,683 

Total equity in trading accounts

 

19,049,855 

 

 

34,409,468 



 

 

 

 

 

INVESTMENTS IN U.S. TREASURY NOTES – at fair value

 

 

 

 

 

(amortized cost $95,734,110 and $117,144,589)

 

95,937,815 

 

 

117,233,707 

CASH AND CASH EQUIVALENTS

 

9,817,004 

 

 

13,142,361 

ACCRUED INTEREST RECEIVABLE

 

411,312 

 

 

606,396 

TOTAL

$

125,215,986 

 

$

165,391,932 



 

 

 

 

 

LIABILITIES AND TRUST CAPITAL

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

Subscriptions by Unitholders received in advance

$

80,000 

 

$

742,000 

Net unrealized depreciation on open futures and forward currency contracts

 

185,480 

 

 

1,231,994 

Due to Managing Owner

 

45,634 

 

 

 -

Due to brokers, net

 

1,538,121 

 

 

1,192,838 

Accrued brokerage and custodial fees

 

433,574 

 

 

569,268 

Accrued management fees

 

47,473 

 

 

60,464 

Redemptions payable to Unitholders

 

1,533,566 

 

 

1,317,430 

Redemption payable to Managing Owner

 

 -

 

 

349,083 

Accrued expenses

 

76,093 

 

 

118,317 

Total liabilities

 

3,939,941 

 

 

5,581,394 



 

 

 

 

 



 

 

 

 

 

TRUST CAPITAL:

 

 

 

 

 

Managing Owner interest (2,569.695 and 3,477.855 units outstanding)

 

2,605,645 

 

 

4,230,810 

Series 1 Unitholders (79,132.283 and 88,422.039 units outstanding)

 

80,239,451 

 

 

107,565,649 

Series 3 Unitholders (17,037.121 and 19,430.353 units outstanding)

 

25,480,848 

 

 

34,128,621 

Series 4 Unitholders (4,238.542 and 4,104.713 units outstanding)

 

8,214,436 

 

 

9,261,037 

Series 5 Unitholders (3,331.528 and 2,759.746 units outstanding)

 

4,735,665 

 

 

4,624,421 

Total trust capital

 

121,276,045 

 

 

159,810,538 



 

 

 

 

 

TOTAL

$

125,215,986 

 

$

165,391,932 



 

 

 

 

 

NET ASSET VALUE PER UNIT OUTSTANDING:

 

 

 

 

 

Series 1 Unitholders

$

1,013.99 

 

$

1,216.50 

Series 3 Unitholders

$

1,495.61 

 

$

1,756.46 

Series 4 Unitholders

$

1,938.03 

 

$

2,256.20 

Series 5 Unitholders

$

1,421.47 

 

$

1,675.67 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

 













1

 


 





 

 

 

 

Global Macro Trust

Condensed Schedule of Investments (UNAUDITED)

June 30, 2020



 

 

 

 

FUTURES AND FORWARD CURRENCY CONTRACTS

Net Unrealized
Appreciation/
(Depreciation)
as a % of
Trust Capital

 

 

Net Unrealized
Appreciation/
(Depreciation)

FUTURES CONTRACTS

 

 

 

 

Long futures contracts:

 

 

 

 

Energies

0.05 

%

$

57,606 

Grains

0.13 

 

 

158,435 

Interest rates:

 

 

 

 

2 Year U.S. Treasury Note (65 contracts, settlement date September 2020)

0.01 

 

 

9,305 

5 Year U.S. Treasury Note (145 contracts, settlement date September 2020)

0.02 

 

 

21,258 

10 Year U.S. Treasury Note (58 contracts, settlement date September 2020)

0.01 

 

 

13,937 

30 Year U.S. Treasury Bond (24 contracts, settlement date September 2020)

0.02 

 

 

26,219 

Other

0.58 

 

 

704,511 



 

 

 

 

Total interest rates

0.64 

 

 

775,230 



 

 

 

 

Livestock

(0.00)

 

 

(2,190)

Metals

0.42 

 

 

508,549 

Softs

(0.02)

 

 

(20,922)

Stock indices

0.23 

 

 

276,811 



 

 

 

 

Total long futures contracts

1.45 

 

 

1,753,519 



 

 

 

 

Short futures contracts:

 

 

 

 

Energies

(0.04)

 

 

(53,021)

Grains

(0.03)

 

 

(36,986)

Interest rates

0.00 

 

 

944 

Livestock

(0.00)

 

 

(360)

Metals

(0.80)

 

 

(947,626)

Softs

(0.00)

 

 

(5,836)

Stock indices

0.09 

 

 

103,379 



 

 

 

 

Total short futures contracts

(0.78)

 

 

(939,506)



 

 

 

 

TOTAL INVESTMENTS IN FUTURES CONTRACTS-Net

0.67 

 

 

814,013 



 

 

 

 

FORWARD CURRENCY CONTRACTS

 

 

 

 

Total long forward currency contracts

(0.78)

 

 

(945,432)

Total short forward currency contracts

0.63 

 

 

759,952 



 

 

 

 

TOTAL INVESTMENTS IN FORWARD CURRENCY

 

 

 

 

CONTRACTS-Net

(0.15)

 

 

(185,480)

 

 

 

 

 

TOTAL

0.52 

%

$

628,533 



 

 

 

 



 

 

 

(Continued)

2

 


 



 



 

 

 

 

 

 

 

 

Global Macro Trust

Condensed Schedule of Investments (UNAUDITED)

June 30, 2020

U.S. TREASURY NOTES

 

 

 

 

 



 

 

 

 

 

 

 

 

Face Amount

 

Description

 

Fair Value
as a % of
Trust Capital

 

 

Fair Value



 

 

 

 

 

 

 

 

$

37,620,000 

 

U.S. Treasury notes, 1.500%,  08/15/2020

 

31.07 

%

$

37,686,128 



37,200,000 

 

U.S. Treasury notes, 1.750%,  11/15/2020

 

30.86 

 

 

37,422,328 



2,510,000 

 

U.S. Treasury notes, 2.250%,  02/15/2021

 

2.10 

 

 

2,542,797 



28,200,000 

 

U.S. Treasury notes, 2.625%, 05/15/2021

 

23.75 

 

 

28,805,309 



 

 

Total investments in U.S. Treasury notes

 

 

 

 

 



 

 

(amortized cost $106,213,932)

 

87.78 

%

$

106,456,562 



 

 

 

 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

(Concluded)



3

 


 





 

 

 

 

Global Macro Trust

Condensed Schedule of Investments

December 31, 2019



 

 

 

 

FUTURES AND FORWARD CURRENCY CONTRACTS

Net Unrealized
Appreciation/
(Depreciation)
as a % of
Trust Capital

 

 

Net Unrealized
Appreciation/
(Depreciation)

FUTURES CONTRACTS

 

 

 

 

Long futures contracts:

 

 

 

 

Energies

0.15 

%

$

240,490 

Grains

0.01 

 

 

17,302 

Interest rates:

 

 

 

 

2 Year U.S. Treasury Note (55 contracts, settlement date March 2020)

0.00 

 

 

2,016 

5 Year U.S. Treasury Note (113 contracts, settlement date March 2020)

0.00 

 

 

289 

Other

(0.04)

 

 

(63,086)



 

 

 

 

Total interest rates

(0.04)

 

 

(60,781)



 

 

 

 

Livestock

(0.00)

 

 

(260)

Metals

0.25 

 

 

394,440 

Softs

0.01 

 

 

14,560 

Stock indices

0.04 

 

 

71,617 



 

 

 

 

Total long futures contracts

0.42 

 

 

677,368 



 

 

 

 

Short futures contracts:

 

 

 

 

Energies

0.05 

 

 

78,750 

Grains

(0.13)

 

 

(209,775)

Interest rates:

 

 

 

 

10 Year U.S. Treasury Note (142 contracts, settlement date March 2020)

0.00 

 

 

5,484 

Other

0.29 

 

 

467,953 



 

 

 

 

Total interest rates

0.29 

 

 

473,437 



 

 

 

 

Metals

(0.05)

 

 

(86,298)

Softs

(0.01)

 

 

(14,696)

Stock indices

0.14 

 

 

225,237 



 

 

 

 

Total short futures contracts

0.29 

 

 

466,655 



 

 

 

 

TOTAL INVESTMENTS IN FUTURES CONTRACTS-Net

0.71 

 

 

1,144,023 



 

 

 

 

FORWARD CURRENCY CONTRACTS

 

 

 

 

Total long forward currency contracts

1.86 

 

 

2,978,285 

Total short forward currency contracts

(2.63)

 

 

(4,210,279)

TOTAL INVESTMENTS IN FORWARD CURRENCY

 

 

 

 

CONTRACTS-Net

(0.77)

 

 

(1,231,994)

 

 

 

 

 

TOTAL

(0.06)

%

$

(87,971)



 

 

 

 



 

 

 

(Continued)

4

 


 







 

 

 

 

 

 

 

Global Macro Trust

Condensed Schedule of Investments

December 31, 2019

U.S. TREASURY NOTES

 

 

 

 



 

 

 

 

 

 

 

Face Amount

 

Description

Fair Value
as a % of
Trust Capital

 

 

Fair Value



 

 

 

 

 

 

 

$

46,900,000 

 

U.S. Treasury notes, 1.375%,  02/15/2020

29.35 

%

$

46,889,009 



41,010,000 

 

U.S. Treasury notes, 1.500%,  05/15/2020

25.65 

 

 

40,998,786 



50,020,000 

 

U.S. Treasury notes, 1.500%,  08/15/2020

31.28 

 

 

49,990,691 



 

 

Total investments in U.S. Treasury notes

 

 

 

 



 

 

(amortized cost $137,753,413)

86.28 

%

$

137,878,486 



 

 

 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

(Concluded)



















5

 


 









 

 

 

 

 

Global Macro Trust

Statements of Operations (UNAUDITED)



 

 

 

 

 



 

For the three months ended



 

June 30, 2020

 

 

June 30, 2019

INVESTMENT INCOME:

 

 

 

 

 

Interest income

$

392,189 

 

$

994,982 



 

 

 

 

 

EXPENSES:

 

 

 

 

 

Brokerage fees

 

1,434,667 

 

 

2,072,432 

Administrative expenses

 

211,945 

 

 

261,766 

Custody fees and other expenses

 

6,420 

 

 

7,651 

Management fees

 

152,476 

 

 

154,844 

Total expenses

 

1,805,508 

 

 

2,496,693 



 

 

 

 

 

Managing Owner commission rebate to Unitholders

 

(117,919)

 

 

(137,039)



 

 

 

 

 

Net expenses

 

1,687,589 

 

 

2,359,654 



 

 

 

 

 

NET INVESTMENT LOSS

 

(1,295,400)

 

 

(1,364,672)



 

 

 

 

 

NET REALIZED AND UNREALIZED GAINS (LOSSES):

 

 

 

 

 

Net realized gains (losses) on closed positions:

 

 

 

 

 

Futures and forward currency contracts

 

6,739,936 

 

 

1,193,322 

Foreign exchange transactions

 

(59,873)

 

 

(70,173)

Net change in unrealized:

 

 

 

 

 

Futures and forward currency contracts

 

(3,250,968)

 

 

(676,704)

Foreign exchange translation

 

100,837 

 

 

124,850 

Net gains (losses) from U.S. Treasury notes:

 

 

 

 

 

Realized

 

23,894 

 

 

(8,149)

Net change in unrealized 

 

(427,013)

 

 

211,720 

TOTAL NET REALIZED AND UNREALIZED GAINS

 

3,126,813 

 

 

774,866 

 

 

 

 

 

 



 

 

 

 

 

NET INCOME (LOSS)

 

1,831,413 

 

 

(589,806)

LESS PROFIT SHARE TO (FROM) MANAGING OWNER

 

 -

 

 

(17,728)

NET INCOME (LOSS) AFTER PROFIT SHARE TO (FROM) MANAGING OWNER

$

1,831,413 

 

$

(572,078)



 

 

 

 

 

NET INCOME (LOSS) PER UNIT OUTSTANDING

 

 

 

 

 

Series 1 Unitholders

$

9.65 

 

$

(8.69)

Series 3 Unitholders

$

30.17 

 

$

6.83 

Series 4 Unitholders

$

47.39 

 

$

16.89 

Series 5 Unitholders

$

26.06 

 

$

4.13 



 

 

 

 

 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

 







 

 

 

 

 

6

 


 

Global Macro Trust

Statements of Operations (UNAUDITED)



 

 

 

 

 



 

 

 

 

 



 

For the six months ended



 

June 30, 2020

 

 

June 30, 2019

INVESTMENT INCOME:

 

 

 

 

 

Interest income

$

1,052,385 

 

$

1,957,808 



 

 

 

 

 

EXPENSES:

 

 

 

 

 

Brokerage fees

 

3,137,863 

 

 

4,257,200 

Administrative expenses

 

502,452 

 

 

512,846 

Custody fees and other expenses

 

13,619 

 

 

15,606 

Management fees

 

324,603 

 

 

301,878 

Total expenses

 

3,978,537 

 

 

5,087,530 



 

 

 

 

 

Managing Owner commission rebate to Unitholders

 

(264,858)

 

 

(272,095)



 

 

 

 

 

Net expenses

 

3,713,679 

 

 

4,815,435 



 

 

 

 

 

NET INVESTMENT LOSS

 

(2,661,294)

 

 

(2,857,627)



 

 

 

 

 

NET REALIZED AND UNREALIZED GAINS (LOSSES):

 

 

 

 

 

Net realized gains (losses) on closed positions:

 

 

 

 

 

Futures and forward currency contracts

 

(23,347,021)

 

 

7,241,278 

Foreign exchange translation

 

(235,763)

 

 

(108,467)

Net change in unrealized:

 

 

 

 

 

Futures and forward currency contracts

 

716,504 

 

 

(3,912,059)

Foreign exchange translation

 

(112,220)

 

 

66,847 

Net gains (losses) from U.S. Treasury notes:

 

 

 

 

 

Realized

 

119,442 

 

 

(611)

Net change in unrealized 

 

117,557 

 

 

346,478 

TOTAL NET REALIZED AND UNREALIZED GAINS (LOSSES)

 

(22,741,501)

 

 

3,633,466 

 

 

 

 

 

 



 

 

 

 

 

NET INCOME (LOSS)

$

(25,402,795)

 

$

775,839 

LESS PROFIT SHARE TO MANAGING OWNER

 

 -

 

 

53,144 

NET INCOME (LOSS) AFTER PROFIT SHARE TO MANAGING OWNER

$

(25,402,795)

 

$

722,695 



 

 

 

 

 

NET INCOME (LOSS) PER UNIT OUTSTANDING

 

 

 

 

 

Series 1 Unitholders

$

(202.51)

 

$

(3.56)

Series 3 Unitholders

$

(260.85)

 

$

29.26 

Series 4 Unitholders

$

(318.17)

 

$

58.45 

Series 5 Unitholders

$

(254.20)

 

$

21.53 



 

 

 

 

 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

(Concluded)









 

7

 


 















 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Macro Trust

Statements of Changes in Trust Capital (UNAUDITED)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

New Profit 

 

 

 

 

 



 

Series 1 Unitholders

 

Series 3 Unitholders

 

Series 4 Unitholders

 

Series 5 Unitholders

 

Memo Account

 

Managing Owner

 

Total



 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust capital at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2020

$

107,565,649  88,422.039 

$

34,128,621  19,430.353 

$

9,261,037  4,104.713 

$

4,624,421  2,759.746 

$

 -

 -

$

4,230,810  3,477.855 

$

159,810,538 

Subscriptions

 

 -

 -

 

1,273,000  740.899 

 

755,106  345.124 

 

1,291,555  817.457 

 

 -

 -

 

 -

 -

 

3,319,661 

Redemptions

 

(9,798,437) (9,434.210)

 

(4,668,019) (3,134.131)

 

(434,815) (211.295)

 

(350,088) (245.675)

 

 -

 -

 

(1,200,000) (989.238)

 

(16,451,359)

Addt'l units allocated *

 

 -

144.454 

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

81.078 

 

 -

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

before profit share to Managing Owner

 

(17,527,761)

 -

 

(5,252,754)

 -

 

(1,366,892)

 -

 

(830,223)

 -

 

 -

 -

 

(425,165)

 -

 

(25,402,795)

Profit share to Managing Owner:

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

Transfer of New Profit Memo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account to Managing Owner

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

Trust capital at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

$

80,239,451  79,132.283 

$

25,480,848  17,037.121 

$

8,214,436  4,238.542 

$

4,735,665  3,331.528 

$

 -

 -

$

2,605,645  2,569.695 

$

121,276,045 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net asset value per unit outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

at June 30, 2020:

$

1,013.99 

 

$

1,495.61 

 

$

1,938.03 

 

$

1,421.47 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Additional units are issued to Series 1 Unitholders who are charged less than a 7% brokerage fee and to the Managing Owner.

 

 

 

 

 

 

 

 

 

 

 

(Continued)







8

 


 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Macro Trust

 

 

 

Statements of Changes in Trust Capital (UNAUDITED)

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

New Profit 

 

 

 

 

 



 

Series 1 Unitholders

 

Series 3 Unitholders

 

Series 4 Unitholders

 

Series 5 Unitholders

 

Memo Account

 

Managing Owner

 

Total



 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount

Units

 

Amount



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust capital at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2019

$

130,410,857  110,008.795 

$

31,842,823  19,251.321 

$

7,485,965  3,619.144 

$

929,881  584.994 

$

 -

 -

$

3,878,720  3,271.911 

$

174,548,246 

Subscriptions

 

 -

 -

 

1,622,500  974.327 

 

627,825  305.778 

 

939,150  590.347 

 

2,307  1.925 

 

 -

 -

 

3,191,782 

Redemptions

 

(16,713,977) (14,159.103)

 

(1,511,994) (901.428)

 

(5,643) (2.639)

 

 -

 -

 

 -

 -

 

 -

 -

 

(18,231,614)

Addt'l units allocated *

 

 -

162.045 

 

 -

 -