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 $ $ 4,089,446 – Adjustments for: Net realized (gain) loss on investment transactions (185,362) – Net realized (gain) loss on futures and forward contracts (3,544,167) – Change in unrealized (appreciation) depreciation in value of investments (537,416) – Commissions and other portfolio transaction costs 589,449 – Change in non-cash balances: Interest and dividends receivable (1,705) Management fees payable (12,023) – Performance fees payable (110,732) – Accounts payable and accrued liabilities (9,060) – Proceeds from sale of investments 332,990,489 – Purchase of investments (344,077,548) – (10,808,629) – Financing activities Proceeds from issue of redeemable units 7,526,508 – Amount paid on redemption of redeemable units (8,726,376) – Distributions paid to holders of redeemable net of reinvested distributions 260,077 – (939,791) – Increase (decrease) in cash and cash equivalents during the period (11,748,420) – Cash and cash equivalents, beginning of period 4,376,860 – Cash and cash equivalents, end of period $ $ (7,371,560) – Supplemental information: Interest paid $ $ 40,539 – Interest received $ $ 251,292 – Dividends received, net of withholding taxes $ $ 651,364 –
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 $ – $ 4,089,446 Adjustments for: Net realized (gain) loss on investment transactions – (185,362) Net realized (gain) loss on futures and forward contracts – (3,544,167) Change in unrealized (appreciation) depreciation in value of investments – (537,416) Commissions and other portfolio transaction costs – 589,449 Change in non-cash balances: Interest and dividends receivable (1,705) Management fees payable – (12,023) Performance fees payable – (110,732) Accounts payable and accrued liabilities – (9,060) Proceeds from sale of investments – 332,990,489 Purchase of investments – (344,077,548) – (10,808,629) Financing activities Proceeds from issue of redeemable units – 7,526,508 Amount paid on redemption of redeemable units – (8,726,376) Distributions paid to holders of redeemable net of reinvested distributions – 260,077 – (939,791) Increase (decrease) in cash and cash equivalents during the period – (11,748,420) Cash and cash equivalents, beginning of period – 4,376,860 Cash and cash equivalents, end of period $ – $ (7,371,560) Supplemental information: Interest paid $ – $ 40,539 Interest received $ – $ 251,292 Dividends received, net of withholding taxes $ – $ 651,364
Barometer-Pools-June-30-2017-FS-Shell-Draft-1.docx