Company Quick10K Filing
Global Macro Trust
10-Q 2020-09-30 Filed 2020-11-12
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 c765-20200930xex31_1.htm
EX-31.2 c765-20200930xex31_2.htm
EX-31.3 c765-20200930xex31_3.htm
EX-31.4 c765-20200930xex31_4.htm
EX-32.1 c765-20200930xex32_1.htm
EX-32.2 c765-20200930xex32_2.htm
EX-32.3 c765-20200930xex32_3.htm
EX-32.4 c765-20200930xex32_4.htm

Global Macro Trust Earnings 2020-09-30

Balance SheetIncome StatementCash Flow

10-Q 1 c765-20200930x10q.htm 10-Q 20200930 10-Q Q3_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:   September 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 nine months ended September 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 September 30, 2020 (unaudited) and December 31, 2019

 

(b) For the three and nine months ended September 30, 2020 and 2019 (unaudited)

 

(c) For the nine months ended September 30, 2020 and 2019 (unaudited)

 























 

 

 


 





 

 

 

 

 

Global Macro Trust

Statements of Financial Condition

 

 

 

 

 

 



 

 

 

 

 



 

September 30, 2020 (unaudited)

 

 

December 31, 2019

ASSETS

 

 

 

 

 

EQUITY IN TRADING ACCOUNTS:

 

 

 

 

 

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

 

 

 

 

 

(amortized cost $12,790,578 and $20,608,824)

$

12,807,447 

 

$

20,644,779 

Net unrealized appreciation on open futures and

 

 

 

 

 

forward currency contracts

 

1,697,861 

 

 

1,144,023 

Due from brokers, net

 

6,087,487 

 

 

4,019,983 

Cash denominated in foreign currencies (cost $4,504,489 

 

 

 

 

 

and $8,462,150)

 

4,534,563 

 

 

8,600,683 

Total equity in trading accounts

 

25,127,358 

 

 

34,409,468 



 

 

 

 

 

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

 

 

 

 

 

(amortized cost $87,120,243 and $117,144,589)

 

87,154,774 

 

 

117,233,707 

CASH AND CASH EQUIVALENTS

 

9,247,340 

 

 

13,142,361 

ACCRUED INTEREST RECEIVABLE

 

609,681 

 

 

606,396 

TOTAL

$

122,139,153 

 

$

165,391,932 



 

 

 

 

 

LIABILITIES AND TRUST CAPITAL

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

Subscriptions by Unitholders received in advance

$

 -

 

$

742,000 

Net unrealized depreciation on open futures and forward currency contracts

 

4,498 

 

 

1,231,994 

Due to Managing Owner

 

46,946 

 

 

 -

Due to brokers, net

 

1,472,365 

 

 

1,192,838 

Accrued brokerage and custodial fees

 

424,247 

 

 

569,268 

Accrued management fees

 

46,004 

 

 

60,464 

Redemptions payable to Unitholders

 

2,754,846 

 

 

1,317,430 

Redemption payable to Managing Owner

 

 -

 

 

349,083 

Accrued expenses

 

55,522 

 

 

118,317 

Total liabilities

 

4,804,428 

 

 

5,581,394 



 

 

 

 

 



 

 

 

 

 

TRUST CAPITAL:

 

 

 

 

 

Managing Owner interest (2,608.088 and 3,477.855 units outstanding)

 

2,704,248 

 

 

4,230,810 

Series 1 Unitholders (75,411.118 and 88,422.039 units outstanding)

 

78,191,567 

 

 

107,565,649 

Series 3 Unitholders (15,287.150 and 19,430.353 units outstanding)

 

23,625,213 

 

 

34,128,621 

Series 4 Unitholders (3,980.250 and 4,104.713 units outstanding)

 

8,005,765 

 

 

9,261,037 

Series 5 Unitholders (3,279.493 and 2,759.746 units outstanding)

 

4,807,932 

 

 

4,624,421 

Total trust capital

 

117,334,725 

 

 

159,810,538 



 

 

 

 

 

TOTAL

$

122,139,153 

 

$

165,391,932 



 

 

 

 

 

NET ASSET VALUE PER UNIT OUTSTANDING:

 

 

 

 

 

Series 1 Unitholders

$

1,036.87 

 

$

1,216.50 

Series 3 Unitholders

$

1,545.43 

 

$

1,756.46 

Series 4 Unitholders

$

2,011.37 

 

$

2,256.20 

Series 5 Unitholders

$

1,466.06 

 

$

1,675.67 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

 















1

 


 





 

 

 

 

Global Macro Trust

Condensed Schedule of Investments (UNAUDITED)

September 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

0.01 

%

$

7,589 

Grains

0.16 

 

 

191,088 

Interest rates:

 

 

 

 

2 Year U.S. Treasury Note (144 contracts, settlement date December 2020)

0.00 

 

 

4,688 

10 Year U.S. Treasury Note (182 contracts, settlement date December 2020)

0.00 

 

 

3,625 

30 Year U.S. Treasury Bond (47 contracts, settlement date December 2020)

0.00 

 

 

62 

Other

0.56 

 

 

647,800 



 

 

 

 

Total interest rates

0.56 

 

 

656,175 



 

 

 

 

Livestock

0.00 

 

 

5,270 

Metals

0.01 

 

 

7,510 

Softs

0.02 

 

 

17,945 

Stock indices

0.12 

 

 

146,385 



 

 

 

 

Total long futures contracts

0.88 

 

 

1,031,962 



 

 

 

 

Short futures contracts:

 

 

 

 

Energies

0.02 

 

 

25,466 

Grains

(0.14)

 

 

(169,882)

Interest rates

(0.00)

 

 

(1,016)

Livestock

(0.01)

 

 

(7,790)

Metals

0.02 

 

 

27,962 

Softs

0.01 

 

 

13,990 

Stock indices

0.03 

 

 

35,373 



 

 

 

 

Total short futures contracts

(0.07)

 

 

(75,897)



 

 

 

 

TOTAL INVESTMENTS IN FUTURES CONTRACTS-Net

0.81 

 

 

956,065 



 

 

 

 

FORWARD CURRENCY CONTRACTS

 

 

 

 

Total long forward currency contracts

(0.97)

 

 

(1,136,821)

Total short forward currency contracts

1.60 

 

 

1,874,119 



 

 

 

 

TOTAL INVESTMENTS IN FORWARD CURRENCY

 

 

 

 

CONTRACTS-Net

0.63 

 

 

737,298 

 

 

 

 

 

TOTAL

1.44 

%

$

1,693,363 



 

 

 

 



 

 

 

(Continued)

2

 


 



 



 

 

 

 

 

 

 

 

Global Macro Trust

Condensed Schedule of Investments (UNAUDITED)

September 30, 2020

U.S. TREASURY NOTES

 

 

 

 

 



 

 

 

 

 

 

 

 

Face Amount

 

Description

 

Fair Value
as a % of
Trust Capital

 

 

Fair Value



 

 

 

 

 

 

 

 

$

30,500,000 

 

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

 

26.04 

%

$

30,563,740 



19,510,000 

 

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

 

16.76 

 

 

19,665,851 



28,200,000 

 

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

 

24.41 

 

 

28,640,625 



20,620,000 

 

U.S. Treasury notes, 2.750%,  08/15/2021

 

17.98 

 

 

21,092,005 



 

 

Total investments in U.S. Treasury notes

 

 

 

 

 



 

 

(amortized cost $99,910,821)

 

85.19 

%

$

99,962,221 



 

 

 

 

 

 

 

 

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)







 

 

 

 

 

 

 

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)





















4

 


 









 

 

 

 

 

Global Macro Trust

Statements of Operations (UNAUDITED)



 

 

 

 

 



 

For the three months ended



 

September 30, 2020

 

 

September 30, 2019

INVESTMENT INCOME:

 

 

 

 

 

Interest income

$

211,661 

 

$

893,971 



 

 

 

 

 

EXPENSES:

 

 

 

 

 

Brokerage fees

 

1,387,446 

 

 

1,932,024 

Administrative expenses

 

209,136 

 

 

391,107 

Custody fees and other expenses

 

7,862 

 

 

7,271 

Management fees

 

140,927 

 

 

160,222 

Total expenses

 

1,745,371 

 

 

2,490,624 



 

 

 

 

 

Managing Owner commission rebate to Unitholders

 

(138,657)

 

 

(142,050)



 

 

 

 

 

Net expenses

 

1,606,714 

 

 

2,348,574 



 

 

 

 

 

NET INVESTMENT LOSS

 

(1,395,053)

 

 

(1,454,603)



 

 

 

 

 

NET REALIZED AND UNREALIZED GAINS (LOSSES):

 

 

 

 

 

Net realized gains (losses) on closed positions:

 

 

 

 

 

Futures and forward currency contracts

 

3,625,650 

 

 

2,669,683 

Foreign exchange transactions

 

126,358 

 

 

(107,426)

Net change in unrealized:

 

 

 

 

 

Futures and forward currency contracts

 

1,064,830 

 

 

(832,871)

Foreign exchange translation

 

3,761 

 

 

(127,344)

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

 

 

 

 

 

Realized

 

12,804 

 

 

31,875 

Net change in unrealized 

 

(191,230)

 

 

(100,056)

TOTAL NET REALIZED AND UNREALIZED GAINS

 

4,642,173 

 

 

1,533,861 

 

 

 

 

 

 



 

 

 

 

 

NET INCOME

 

3,247,120 

 

 

79,258 

LESS PROFIT SHARE TO MANAGING OWNER

 

 -

 

 

7,999 

NET INCOME AFTER PROFIT SHARE TO MANAGING OWNER

$

3,247,120 

 

$

71,259 



 

 

 

 

 

NET INCOME (LOSS) PER UNIT OUTSTANDING

 

 

 

 

 

Series 1 Unitholders

$

22.88 

 

$

(4.21)

Series 3 Unitholders

$

49.82 

 

$

11.51 

Series 4 Unitholders

$

73.34 

 

$

24.61 

Series 5 Unitholders

$

44.59 

 

$

8.11 



 

 

 

 

 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

 







 

 

 

 

 

Global Macro Trust

Statements of Operations (UNAUDITED)



 

 

 

 

 



 

 

 

 

 



 

For the nine months ended



 

September 30, 2020

 

 

September 30, 2019

INVESTMENT INCOME:

 

 

 

 

 

Interest income

$

1,264,046 

 

$

2,851,779 



 

 

 

 

 

EXPENSES:

 

 

 

 

 

Brokerage fees

 

4,525,309 

 

 

6,189,224 

Administrative expenses

 

711,588 

 

 

903,953 

Custody fees and other expenses

 

21,481 

 

 

22,877 

Management fees

 

465,530 

 

 

462,100 

Total expenses

 

5,723,908 

 

 

7,578,154 



 

 

 

 

 

Managing Owner commission rebate to Unitholders

 

(403,515)

 

 

(414,145)



 

 

 

 

 

Net expenses

 

5,320,393 

 

 

7,164,009 



 

 

 

 

 

NET INVESTMENT LOSS

 

(4,056,347)

 

 

(4,312,230)



 

 

 

 

 

NET REALIZED AND UNREALIZED GAINS (LOSSES):

 

 

 

 

 

Net realized gains (losses) on closed positions:

 

 

 

 

 

Futures and forward currency contracts

 

(19,721,371)

 

 

9,910,961 

Foreign exchange translation

 

(109,405)

 

 

(215,893)

Net change in unrealized:

 

 

 

 

 

Futures and forward currency contracts

 

1,781,334 

 

 

(4,744,930)

Foreign exchange translation

 

(108,459)

 

 

(60,497)

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

 

 

 

 

 

Realized

 

132,246 

 

 

31,264 

Net change in unrealized 

 

(73,673)

 

 

246,422 

TOTAL NET REALIZED AND UNREALIZED GAINS (LOSSES)

 

(18,099,328)

 

 

5,167,327 

 

 

 

 

 

 



 

 

 

 

 

NET INCOME (LOSS)

$

(22,155,675)

 

$

855,097 

LESS PROFIT SHARE TO MANAGING OWNER

 

 -

 

 

61,143 

NET INCOME (LOSS) AFTER PROFIT SHARE TO MANAGING OWNER

$

(22,155,675)

 

$

793,954 



 

 

 

 

 

NET INCOME (LOSS) PER UNIT OUTSTANDING

 

 

 

 

 

Series 1 Unitholders

$

(179.63)

 

$

(7.77)

Series 3 Unitholders

$

(211.03)

 

$

40.77 

Series 4 Unitholders

$

(244.83)

 

$

83.06 

Series 5 Unitholders

$

(209.61)

 

$

29.64 



 

 

 

 

 



 

 

 

 

 

See notes to financial statements (unaudited)

 

 

 

 

(Concluded)











 

5

 


 















 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Macro Trust

Statements of Changes in Trust Capital (UNAUDITED)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 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

 

 -

 -

 

1,353,000  794.391 

 

763,699  349.463 

 

1,455,615  929.901 

 

 -

 -

 

 -

 -

 

3,572,314 

Redemptions

 

(13,704,289) (13,223.509)

 

(7,434,558) (4,937.594)

 

(963,063) (473.926)

 

(590,542) (410.154)

 

 -

 -

 

(1,200,000) (989.238)

 

(23,892,452)

Addt'l units allocated *

 

 -

212.588 

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

119.471 

 

 -

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

before profit share to Managing Owner

 

(15,669,793)

 -

 

(4,421,850)

 -

 

(1,055,908)

 -

 

(681,562)

 -

 

 -

 -

 

(326,562)

 -

 

(22,155,675)

Profit share to Managing Owner:

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

Transfer of New Profit Memo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account to Managing Owner

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

 -

 

 -

Trust capital at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

$

78,191,567  75,411.118 

$

23,625,213  15,287.150 

$

8,005,765  3,980.250 

$

4,807,932  3,279.493 

$

 -

 -

$

2,704,248  2,608.088 

$

117,334,725 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net asset value per unit outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

at September 30, 2020:

$

1,036.87 

 

$

1,545.43 

 

$

2,011.37 

 

$

1,466.06 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* 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 nine months ended September 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

 

 -

 -

 

2,420,000  1,444.694 

 

661,383  321.466 

 

1,691,013  1,050.850 

 

4,374  3.656 

 

 -

 -

 

4,776,770 

Redemptions

 

(21,314,185) (18,052.645)

 

(2,039,210) (1,211.667)

 

(5,643) (2.639)

 

 -

 -

 

 -

 -

 

 -

 -

 

(23,359,038)

Addt'l units allocated *

 

 -

238.635