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 $ $ 3,181,677 – Adjustments for: Net realized (gain) loss on investment transactions 859,811 – Net realized (gain) loss on futures and forward contracts (1,088,806) – Change in unrealized (appreciation) depreciation in value of investments (2,408,497) – Commissions and other portfolio transaction costs 84,694 – Change in non-cash balances: Interest and dividends receivable (221,709) – Management fees payable 90,610 – Performance fees payable 13,077 – Accounts payable and accrued liabilities (7,972) – Proceeds from sale of investments 61,286,392 – Purchase of investments (91,856,273) – (30,066,996) – Financing activities Proceeds from issue of redeemable units 28,834,563 – Amount paid on redemption of redeemable units (6,728,857) – Distributions paid to holders of redeemable units, net of reinvested distributions 161,428 – 22,267,134 – Increase (decrease) in cash and cash equivalents during the period (7,799,862) – Cash and cash equivalents, beginning of period 9,247,733 – Cash and cash equivalents, end of period $ $ 1,447,871 – Supplemental information: Interest paid $ $ 2,730 – Interest received $ $ 442,300 – Dividends received, net of withholding taxes $ $ 460,643 –
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 $ – $ 3,181,677 Adjustments for: Net realized (gain) loss on investment transactions – 859,811 Net realized (gain) loss on futures and forward contracts – (1,088,806) Change in unrealized (appreciation) depreciation in value of investments – (2,408,497) Commissions and other portfolio transaction costs – 84,694 Change in non-cash balances: Interest and dividends receivable – (221,709) Management fees payable – 90,610 Performance fees payable – 13,077 Accounts payable and accrued liabilities – (7,972) Proceeds from sale of investments – 61,286,392 Purchase of investments – (91,856,273) – (30,066,996) Financing activities Proceeds from issue of redeemable units – 28,834,563 Amount paid on redemption of redeemable units – (6,728,857) Distributions paid to holders of redeemable units, net of reinvested distributions – 161,428 – 22,267,134 Increase (decrease) in cash and cash equivalents during the period – (7,799,862) Cash and cash equivalents, beginning of period – 9,247,733 Cash and cash equivalents, end of period $ – $ 1,447,871 Supplemental information: Interest paid $ – $ 2,730 Interest received $ – $ 442,300 Dividends received, net of withholding taxes $ – $ 460,643
Barometer-Pools-June-30-2017-FS-Shell-Draft-1.docx