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 $ $ 5,388,923 – Adjustments for: Net realized (gain) loss on investment transactions 94,953 – Net realized (gain) loss on futures and forward contracts (6,873,057) – Change in unrealized (appreciation) depreciation in value of investments 1,107,527 – Commissions and portfolio transaction costs 908,633 – Change in non-cash balances: Interest and dividends receivable 154,426 – Management fees payable 50,824 – Performance fees payable 322,348 – Accounts payable and accrued liabilities 27,322 – Proceeds from sale of investments 622,167,230 – Purchase of investments (650,764,328) – (27,415,199) – Financing activities Proceeds from issue of redeemable units 15,571,236 – Amount paid on redemption of redeemable units (4,352,075) – Distributions paid to holders of redeemable units, net of reinvested distributions 101,917 – 11,321,078 – Increase (decrease) in cash and cash equivalents during the period (16,094,121) – Cash and cash equivalents, beginning of period (13,341,298) – Cash and cash equivalents, end of period $ $ (29,435,419) – Supplemental information: Interest paid $ $ 403,070 – Interest received $ $ 52,663 – Dividends paid $ $ 823,861 – Dividends received, net of withholding taxes $ $ 403,070 –
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 $ – $ 5,388,923 Adjustments for: Net realized (gain) loss on investment transactions – 94,953 Net realized (gain) loss on futures and forward contracts – (6,873,057) Change in unrealized (appreciation) depreciation in value of investments – 1,107,527 Commissions and portfolio transaction costs – 908,633 Change in non-cash balances: Interest and dividends receivable – 154,426 Management fees payable – 50,824 Performance fees payable – 322,348 Accounts payable and accrued liabilities – 27,322 Proceeds from sale of investments – 622,167,230 Purchase of investments – (650,764,328) – (27,415,199) Financing activities Proceeds from issue of redeemable units – 15,571,236 Amount paid on redemption of redeemable units – (4,352,075) Distributions paid to holders of redeemable units, net of reinvested distributions – 101,917 – 11,321,078 Increase (decrease) in cash and cash equivalents during the period – (16,094,121) Cash and cash equivalents, beginning of period – (13,341,298) Cash and cash equivalents, end of period $ – $ (29,435,419) Supplemental information: Interest paid $ – $ 403,070 Interest received $ – $ 52,663 Dividends paid $ – $ 823,861 Dividends received, net of withholding taxes $ – $ 403,070
Barometer-Pools-June-30-2017-FS-Shell-Draft-1.docx