Statement of Cash Flows* For the six-months ended June 30, 2017 (Unaudited) 2017 2016 Cash provided by (used in): Operating activities Increase (decrease) in net assets attributable to holders of redeemable units $ $ 19,467,081 – Adjustments for: Net realized (gain) loss on investment transactions 6,702,069 – Net realized (gain) loss on futures and forward contracts (19,583,443) – Change in unrealized (appreciation) depreciation in value of investments (1,011,242) – Commissions and portfolio transaction costs 1,204,830 – Change in non-cash balances: Interest and dividends receivable 333,347 – Management fees payable (410,684) – Performance fees payable 30,870 – Accounts payable and accrued liabilities (115,073) – Proceeds from sale of investments 1,066,858,604 – Purchase of investments (1,023,760,824) – 49,715,535 – Financing activities Proceeds from issue of redeemable units 6,621,786 – Amount paid on redemption of redeemable units (118,949,134) – Distributions paid to holders of redeemable net of reinvested distributions (2,122,744) – (114,450,092) – Increase (decrease) in cash and cash equivalents during the period (64,734,557) – Cash and cash equivalents, beginning of period 10,920,702 – Cash and cash equivalents, end of period $ $ (53,813,855) – Supplemental information: Interest paid $ $ 92,861 – Interest received $ $ 1,297,586 – Dividends received, net withholding taxes $ $ 7,235,024 –
Statement of Cash Flows* For the six-months ended June 30, 2017 (Unaudited) 2017 2016 Cash provided by (used in): Operating activities Increase (decrease) in net assets attributable to holders of redeemable units $ – $ 19,467,081 Adjustments for: Net realized (gain) loss on investment transactions – 6,702,069 Net realized (gain) loss on futures and forward contracts – (19,583,443) Change in unrealized (appreciation) depreciation in value of investments – (1,011,242) Commissions and portfolio transaction costs – 1,204,830 Change in non-cash balances: Interest and dividends receivable – 333,347 Management fees payable – (410,684) Performance fees payable – 30,870 Accounts payable and accrued liabilities – (115,073) Proceeds from sale of investments – 1,066,858,604 Purchase of investments – (1,023,760,824) – 49,715,535 Financing activities Proceeds from issue of redeemable units – 6,621,786 Amount paid on redemption of redeemable units – (118,949,134) Distributions paid to holders of redeemable net of reinvested distributions – (2,122,744) – (114,450,092) Increase (decrease) in cash and cash equivalents during the period – (64,734,557) Cash and cash equivalents, beginning of period – 10,920,702 Cash and cash equivalents, end of period $ – $ (53,813,855) Supplemental information: Interest paid $ – $ 92,861 Interest received $ – $ 1,297,586 Dividends received, net withholding taxes $ – $ 7,235,024
Barometer-Pools-June-30-2017-FS-Shell-Draft-1.docx