þ
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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o
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Delaware
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26-0151234
26-0151301
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(State or Other Jurisdiction of Incorporation or
Organization) |
(I.R.S. Employer Identification No.)
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c/o GreenHaven Commodity Services LLC
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3340 Peachtree Rd, Suite 1910
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Atlanta, Georgia
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30326
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(Address of Principal Executive Offices)
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(Zip Code)
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Large
Accelerated Filer þ
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Accelerated
Filer o |
Non-Accelerated Filer o
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Smaller reporting company o
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(Do not check if a smaller reporting company) |
PART 1. FINANCIAL INFORMATION
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3
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ITEM 1. FINANCIAL STATEMENTS
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3
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Greenhaven Continuous Commodity Index Fund Financial Statements
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3 | |
Consolidated Statements of Financial Condition at September 30, 2012 (unaudited) and December 31, 2011
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3
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Unaudited Consolidated Schedule of Investments at September 30, 2012
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4
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Consolidated Schedule of Investments at December 31, 2011
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5
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Unaudited Consolidated Statements of Income and Expenses for the Three Months Ended September 30, 2012 and 2011 and Nine Months Ended September 30, 2012 and 2011
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6
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Unaudited Consolidated Statement of Changes in Shareholders’ Equity for the Nine Months Ended September 30, 2012
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7
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Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2012 and 2011
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8
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Greenhaven Continuous Commodity Index Master Fund Financial Statements
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9 | |
Statements of Financial Condition at September 30, 2012 (unaudited) and December 31, 2011
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9
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Unaudited Schedule of Investments at September 30, 2012
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10
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Schedule of Investments at December 31, 2011
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11
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Unaudited Statements of Income and Expenses for the Three Months Ended September 30, 2012 and 2011 and Nine Months Ended September 30, 2012 and 2011
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12
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Unaudited Statement of Changes in Shareholders’ Equity for the Nine Months Ended September 30, 2012
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13
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Unaudited Statements of Cash Flows for the Nine Months Ended September 30, 2012 and 2011
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14
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Notes to Consolidated Unaudited Financial Statements
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15
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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
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24
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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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28
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ITEM 4. CONTROLS AND PROCEDURES
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30
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PART II. OTHER INFORMATION
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31
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ITEM 1. Legal Proceedings
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31
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ITEM 1A. Risk Factors
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31
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ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
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31
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ITEM 3. Defaults Upon Senior Securities
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31
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ITEM 4. Reserved
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31
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ITEM 5. Other Information
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31
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ITEM 6. Exhibits
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32
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SIGNATURES
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33
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EXHIBIT INDEX
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34
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EX-31.1 SECTION 302 CERTIFICATION OF CEO
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EX-31.2 SECTION 302 CERTIFICATION OF CEO
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EX-31.3 SECTION 302 CERTIFICATION OF CFO
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EX-31.4 SECTION 302 CERTIFICATION OF CFO
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EX-32.1 SECTION 906 CERTIFICATION OF CEO
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EX-32.2 SECTION 906 CERTIFICATION OF CEO
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EX-32.3 SECTION 906 CERTIFICATION OF CFO
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EX-32.4 SECTION 906 CERTIFICATION OF CFO
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September 30,
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||||||||
2012
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December 31,
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|||||||
(unaudited)
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2011
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|||||||
Assets
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||||||||
Equity in broker trading accounts:
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||||||||
Short-term investments (cost $479,978,685 and $9,999,989 as of September 30, 2012 and December 31, 2011, respectively)
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$ | 479,985,400 | $ | 9,999,990 | ||||
Cash held by broker
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13,505,254 | 619,079,494 | ||||||
Net unrealized appreciation (depreciation) on futures contracts
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23,791,716 | (45,001,789 | ) | |||||
Total assets
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$ | 517,282,370 | $ | 584,077,695 | ||||
Liabilities and shareholders’ equity
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||||||||
Capital shares payable
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$ | - | $ | 1,497,826 | ||||
Management fee payable to related party
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356,700 | 438,205 | ||||||
Accrued brokerage fees and expenses payable
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250,528 | 983,648 | ||||||
Total liabilities
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607,228 | 2,919,679 | ||||||
Shareholders’ equity
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||||||||
General Units:
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||||||||
Paid in capital - 50 units issued
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1,500 | 1,500 | ||||||
Retained earnings (deficit)
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29 | (2 | ) | |||||
Total General Units
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1,529 | 1,498 | ||||||
Limited Units:
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||||||||
Paid in capital - 16,900,000 and 19,400,000 redeemable units issued and outstanding as of September 30, 2012 and December 31, 2011, respectively
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483,708,257 | 549,362,581 | ||||||
Retained earnings
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32,965,356 | 31,793,937 | ||||||
Total Limited Units
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516,673,613 | 581,156,518 | ||||||
Total shareholders’ equity
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516,675,142 | 581,158,016 | ||||||
Total liabilities and shareholders’ equity
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$ | 517,282,370 | $ | 584,077,695 | ||||
Net asset value per share
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||||||||
General Units
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$ | 30.58 | $ | 29.96 | ||||
Limited Units
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$ | 30.57 | $ | 29.96 |
GreenHaven Continuous Commodity Index Fund
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||||||
Unaudited Consolidated Schedule of Investments
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||||||
September 30, 2012
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Percentage of
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Fair
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Face
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||||||||||
Description
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Net Assets
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Value
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Value
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|||||||||
U.S. Treasury Obligations
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||||||||||||
U.S. Treasury Bills, 0.11% due October 04, 2012
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34.84 | % | $ | 179,999,280 | $ | 180,000,000 | ||||||
U.S. Treasury Bills, 0.09% due October 11, 2012
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5.80 | 29,999,610 | 30,000,000 | |||||||||
U.S. Treasury Bills, 0.06% due October 25, 2012
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38.71 | 199,992,600 | 200,000,000 | |||||||||
U.S. Treasury Bills, 0.11% due November 15, 2012
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13.55 | 69,993,910 | 70,000,000 | |||||||||
Total U.S. Treasury Obligations (cost $479,978,685)
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92.90 | % | $ | 479,985,400 | $ | 480,000,000 | ||||||
Percentage of
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Fair
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Notional
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||||||||||
Description
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Net Assets
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Value
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Value
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|||||||||
Unrealized Appreciation/(Depreciation) on Futures Contracts
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||||||||||||
Cocoa (401 contracts, settlement date December 13, 2012)
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0.20 | % | $ | 1,005,270 | $ | 10,089,160 | ||||||
Cocoa (401 contracts, settlement date March 13, 2013)
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0.03 | 171,430 | 10,145,300 | |||||||||
Cocoa (400 contracts, settlement date May 15, 2013)
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0.03 | 179,400 | 10,152,000 | |||||||||
Coffee (152 contracts, settlement date December 18, 2012)
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0.08 | 415,125 | 9,889,500 | |||||||||
Coffee (152 contracts, settlement date March 18, 2013)
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0.06 | 333,225 | 10,117,500 | |||||||||
Coffee (153 contracts, settlement date May 20, 2013)
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0.06 | 310,931 | 10,341,844 | |||||||||
Copper (108 contracts, settlement date December 27, 2012)
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0.20 | 1,056,725 | 10,146,600 | |||||||||
Copper (107 contracts, settlement date March 26, 2013)
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0.19 | 982,350 | 10,074,050 | |||||||||
Copper (107 contracts, settlement date May 29, 2013)
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0.19 | 960,700 | 10,084,750 | |||||||||
Corn (267 contracts, settlement date December 14, 2012)
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0.34 | 1,761,537 | 10,095,937 | |||||||||
Corn (268 contracts, settlement date March 14, 2013)
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(0.13 | ) | (669,413 | ) | 10,177,300 | |||||||
Corn (268 contracts, settlement date May 14, 2013)
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(0.12 | ) | (636,738 | ) | 10,137,100 | |||||||
Cotton (282 contracts, settlement date December 06, 2012)
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(0.04 | ) | (183,560 | ) | 9,961,650 | |||||||
Cotton (283 contracts, settlement date March 06, 2013)
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(0.01 | ) | (28,035 | ) | 10,142,720 | |||||||
Cotton (282 contracts, settlement date May 08, 2013)
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(0.08 | ) | (388,065 | ) | 10,259,160 | |||||||
FCOJ-A (642 contracts, settlement date January 10, 2013)
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(0.01 | ) | (68,445 | ) | 10,920,420 | |||||||
FCOJ-A (599 contracts, settlement date March 08, 2013)
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0.01 | 39,338 | 10,373,182 | |||||||||
FCOJ-A (516 contracts, settlement date May 10, 2013)
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(0.05 | ) | (273,060 | ) | 9,063,540 | |||||||
Gold (57 contracts, settlement date December 27, 2012)
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0.14 | 730,310 | 10,111,230 | |||||||||
Gold (57 contracts, settlement date February 26, 2013)
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0.19 | 977,210 | 10,123,770 | |||||||||
Gold (57 contracts, settlement date April 26, 2013)
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0.17 | 885,620 | 10,134,600 | |||||||||
Heating Oil (46 contracts, settlement date November 30, 2012)
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0.15 | 787,416 | 6,073,242 | |||||||||
Heating Oil (46 contracts, settlement date December 31, 2012)
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0.14 | 732,606 | 6,038,466 | |||||||||
Heating Oil (47 contracts, settlement date January 31, 2013)
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0.02 | 121,976 | 6,131,046 | |||||||||
Heating Oil (47 contracts, settlement date February 28, 2013)
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0.02 | 111,901 | 6,078,933 | |||||||||
Heating Oil (47 contracts, settlement date March 28, 2013)
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0.02 | 95,815 | 6,015,962 | |||||||||
Lean Hogs (315 contracts, settlement date December 14, 2012)
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(0.09 | ) | (461,720 | ) | 9,292,500 | |||||||
Lean Hogs (314 contracts, settlement date February 14, 2013)
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(0.03 | ) | (160,300 | ) | 10,079,400 | |||||||
Lean Hogs (314 contracts, settlement date April 12, 2013)
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(0.02 | ) | (81,030 | ) | 10,996,280 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date November 16, 2012)
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0.07 | 363,080 | 6,016,400 | |||||||||
Light, Sweet Crude Oil (65 contracts, settlement date December 19, 2012)
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0.08 | 389,630 | 6,045,000 | |||||||||
Light, Sweet Crude Oil (65 contracts, settlement date January 22, 2013)
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(0.02 | ) | (83,920 | ) | 6,072,300 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date February 20, 2013)
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(0.01 | ) | (73,820 | ) | 6,094,400 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date March 20, 2013)
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(0.01 | ) | (68,500 | ) | 6,108,700 | |||||||
Live Cattle (197 contracts, settlement date December 31, 2012)
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(0.04 | ) | (201,770 | ) | 9,826,360 | |||||||
Live Cattle (197 contracts, settlement date February 28, 2013)
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(0.02 | ) | (126,980 | ) | 10,119,890 | |||||||
Live Cattle (196 contracts, settlement date April 30, 2013)
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(0.04 | ) | (186,450 | ) | 10,389,960 | |||||||
Natural Gas (163 contracts, settlement date November 28, 2012)
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0.13 | 678,000 | 5,892,450 | |||||||||
Natural Gas (162 contracts, settlement date December 27, 2012)
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0.13 | 687,290 | 6,102,540 | |||||||||
Natural Gas (162 contracts, settlement date January 29, 2013)
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0.11 | 548,150 | 6,123,600 | |||||||||
Natural Gas (163 contracts, settlement date Februay 26, 2013)
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0.10 | 527,810 | 6,115,760 | |||||||||
Natural Gas (163 contracts, settlement date March 26, 2013)
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0.10 | 508,120 | 6,079,900 | |||||||||
Platinum (182 contracts, settlement date January 29, 2013)
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0.36 | 1,853,695 | 15,190,630 | |||||||||
Platinum (181 contracts, settlement date April 26, 2013)
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0.44 | 2,249,430 | 15,137,030 | |||||||||
Silver (59 contracts, settlement date December 27, 2012)
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0.34 | 1,771,740 | 10,200,215 | |||||||||
Silver (58 contracts, settlement date March 26, 2013)
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0.36 | 1,842,405 | 10,049,950 | |||||||||
Silver (58 contracts, settlement date May 29, 2013)
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0.36 | 1,855,920 | 10,060,390 | |||||||||
Soybean (129 contracts, settlement date January 14, 2013)
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0.20 | 1,013,975 | 10,337,737 | |||||||||
Soybean (130 contracts, settlement date March 14, 2013)
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0.01 | 76,375 | 10,167,625 | |||||||||
Soybean (130 contracts, settlement date May 14, 2013)
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0.05 | 243,125 | 9,889,750 | |||||||||
Sugar (664 contracts, settlement date February 28, 2013)
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(0.06 | ) | (303,834 | ) | 15,185,946 | |||||||
Sugar (663 contracts, settlement date April 30, 2013)
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(0.06 | ) | (306,600 | ) | 15,192,778 | |||||||
Wheat (221 contracts, settlement date December 14, 2012)
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0.31 | 1,594,938 | 9,972,625 | |||||||||
Wheat (225 contracts, settlement date March 14, 2013)
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0.02 | 93,350 | 10,262,813 | |||||||||
Wheat (225 contracts, settlement date May 14, 2013)
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0.03 | 138,038 | 10,195,313 | |||||||||
Net Unrealized Apprecation on Futures Contracts
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4.60 | % | $ | 23,791,716 | $ | 516,077,204 | ||||||
See accompanying notes to unaudited consolidated financial statements
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GreenHaven Continuous Commodity Index Fund
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||||||
Consolidated Schedule of Investments
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||||||
December 31, 2011
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Percentage of
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Fair
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Face
|
||||||||||
Description
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Net Assets
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Value
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Value
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|||||||||
U.S. Treasury Obligations
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||||||||||||
U.S. Treasury Bill, 0.00% due January 05, 2012 (cost $9,999,989)
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1.72 | % | $ | 9,999,990 | $ | 10,000,000 | ||||||
Percentage of
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Fair
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Notional
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||||||||||
Description
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Net Assets
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Value
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Value
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|||||||||
Unrealized Appreciation/(Depreciation) on Futures Contracts
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||||||||||||
Cocoa (535 contracts, settlement date March 15, 2012)
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(0.55 | ) % | $ | (3,205,990 | ) | $ | 11,283,150 | |||||
Cocoa (536 contracts, settlement date May 15, 2012)
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(0.53 | ) | (3,093,380 | ) | 11,422,160 | |||||||
Cocoa (536 contracts, settlement date July 16, 2012)
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(0.33 | ) | (1,932,240 | ) | 11,513,280 | |||||||
Coffee (133 contracts, settlement date March 20, 2012)
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(0.15 | ) | (896,456 | ) | 11,314,144 | |||||||
Coffee (132 contracts, settlement date May 18, 2012)
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(0.16 | ) | (919,744 | ) | 11,367,675 | |||||||
Coffee (132 contracts, settlement date July 19, 2012)
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(0.06 | ) | (352,538 | ) | 11,493,900 | |||||||
Copper (133 contracts, settlement date March 28, 2012)
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(0.10 | ) | (592,150 | ) | 11,424,700 | |||||||
Copper (132 contracts, settlement date May 29, 2012)
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(0.11 | ) | (608,013 | ) | 11,376,750 | |||||||
Copper (132 contracts, settlement date July 27, 2012)
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0.01 | 51,438 | 11,401,500 | |||||||||
Corn (349 contracts, settlement date March 14, 2012)
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(0.15 | ) | (862,200 | ) | 11,281,425 | |||||||
Corn (349 contracts, settlement date May 14, 2012)
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(0.15 | ) | (839,875 | ) | 11,425,387 | |||||||
Corn (348 contracts, settlement date July 13, 2012)
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0.01 | 33,125 | 11,505,750 | |||||||||
Cotton (249 contracts, settlement date March 08, 2012)
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(0.13 | ) | (726,570 | ) | 11,429,100 | |||||||
Cotton (248 contracts, settlement date May 08, 2012)
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(0.15 | ) | (851,265 | ) | 11,368,320 | |||||||
Cotton (248 contracts, settlement date July 09, 2012)
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(0.12 | ) | (721,380 | ) | 11,322,440 | |||||||
FCOJ-A (561 contracts, settlement date March 12, 2012)
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0.04 | 257,978 | 14,221,350 | |||||||||
FCOJ-A (486 contracts, settlement date May 10, 2012)
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0.15 | 856,470 | 12,261,780 | |||||||||
FCOJ-A (306 contracts, settlement date July 11, 2012)
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(0.01 | ) | (32,880 | ) | 7,738,740 | |||||||
Gold (72 contracts, settlement date February 27, 2012)
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(0.09 | ) | (527,380 | ) | 11,280,960 | |||||||
Gold (72 contracts, settlement date April 26, 2012)
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(0.21 | ) | (1,233,460 | ) | 11,299,680 | |||||||
Gold (73 contracts, settlement date June 27, 2012)
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(0.25 | ) | (1,434,620 | ) | 11,472,680 | |||||||
Heating Oil (57 contracts, settlement date January 31, 2012)
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(0.02 | ) | (109,389 | ) | 6,976,595 | |||||||
Heating Oil (56 contracts, settlement date February 29, 2012)
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(0.02 | ) | (101,056 | ) | 6,834,677 | |||||||
Heating Oil (56 contracts, settlement date March 30, 2012)
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(0.02 | ) | (111,661 | ) | 6,789,283 | |||||||
Heating Oil (56 contracts, settlement date April 30, 2012)
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(0.09 | ) | (493,088 | ) | 6,734,482 | |||||||
Heating Oil (56 contracts, settlement date May 31, 2012)
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(0.08 | ) | (488,053 | ) | 6,693,557 | |||||||
Lean Hogs (236 contracts, settlement date February 14, 2012)
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(0.07 | ) | (384,030 | ) | 7,957,920 | |||||||
Lean Hogs (236 contracts, settlement date April 16, 2012)
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(0.06 | ) | (325,560 | ) | 8,278,880 | |||||||
Lean Hogs (235 contracts, settlement date June 14, 2012)
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(0.05 | ) | (275,680 | ) | 8,977,000 | |||||||
Lean Hogs (236 contracts, settlement date July 16, 2012)
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(0.04 | ) | (210,990 | ) | 8,951,480 | |||||||
Light, Sweet Crude Oil (69 contracts, settlement date January 20, 2012)
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0.13 | 727,240 | 6,819,270 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date February 21, 2012)
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0.13 | 746,950 | 6,831,000 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date March 20, 2012)
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0.13 | 746,560 | 6,845,490 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date April 20, 2012)
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0.01 | 82,600 | 6,859,290 | |||||||||
Light, Sweet Crude Oil (68 contracts, settlement date May 22, 2012)
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0.02 | 113,320 | 6,764,640 | |||||||||
Live Cattle (229 contracts, settlement date February 29, 2012)
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0.00 | * | 2,380 | 11,124,820 | ||||||||
Live Cattle (230 contracts, settlement date April 30, 2012)
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(0.02 | ) | (131,730 | ) | 11,541,400 | |||||||
Live Cattle (230 contracts, settlement date June 29, 2012)
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(0.02 | ) | (122,410 | ) | 11,460,900 | |||||||
Natural Gas (224 contracts, settlement date January 27, 2012)
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(0.40 | ) | (2,315,920 | ) | 6,695,360 | |||||||
Natural Gas (224 contracts, settlement date February 27, 2012)
|
(0.38 | ) | (2,204,450 | ) | 6,755,840 | |||||||
Natural Gas (220 contracts, settlement date March 28, 2012)
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(0.36 | ) | (2,067,940 | ) | 6,773,800 | |||||||
Natural Gas (220 contracts, settlement date April 26, 2012)
|
(0.20 | ) | (1,188,850 | ) | 6,888,200 | |||||||
Natural Gas (219 contracts, settlement date May 29, 2012)
|
(0.20 | ) | (1,169,040 | ) | 6,968,580 | |||||||
Platinum (243 contracts, settlement date April 26, 2012)
|
(0.43 | ) | (2,468,450 | ) | 17,069,535 | |||||||
Platinum (243 contracts, settlement date July 27, 2012)
|
(0.44 | ) | (2,566,290 | ) | 17,124,210 | |||||||
Silver (82 contracts, settlement date March 28, 2012)
|
(0.35 | ) | (2,055,925 | ) | 11,445,150 | |||||||
Silver (81 contracts, settlement date May 29, 2012)
|
(0.38 | ) | (2,222,650 | ) | 11,323,800 | |||||||
Silver (81 contracts, settlement date July 27, 2012)
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(0.33 | ) | (1,944,665 | ) | 11,338,785 | |||||||
Soybean (186 contracts, settlement date March 14, 2012)
|
(0.17 | ) | (1,016,225 | ) | 11,232,075 | |||||||
Soybean (187 contracts, settlement date May 14, 2012)
|
(0.16 | ) | (954,425 | ) | 11,383,625 | |||||||
Soybean (187 contracts, settlement date July 13, 2012)
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0.05 | 264,900 | 11,472,450 | |||||||||
Sugar (444 contracts, settlement date February 29, 2012)
|
(0.24 | ) | (1,406,339 | ) | 11,586,624 | |||||||
Sugar (444 contracts, settlement date April 30, 2012)
|
(0.20 | ) | (1,152,122 | ) | 11,412,576 | |||||||
Sugar (444 contracts, settlement date June 29, 2012)
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(0.09 | ) | (545,496 | ) | 11,218,637 | |||||||
Wheat (343 contracts, settlement date March 14, 2012)
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(0.20 | ) | (1,133,987 | ) | 11,194,662 | |||||||
Wheat (340 contracts, settlement date May 14, 2012)
|
(0.19 | ) | (1,118,513 | ) | 11,411,250 | |||||||
Wheat (340 contracts, settlement date July 13, 2012)
|
0.04 | 230,325 | 11,666,250 | |||||||||
Net Unrealized Depreciation on Futures Contracts
|
(7.74 | ) % | $ | (45,001,789 | ) | $ | 580,606,964 | |||||
* Denotes greater than 0.000% yet less than 0.005%
|
Three Months
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Three Months
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Nine Months
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Nine Months
|
|||||||||||||
Ended
|
Ended
|
Ended
|
Ended
|
|||||||||||||
September 30, 2012
|
September 30, 2011
|
September 30, 2012
|
September 30, 2011
|
|||||||||||||
Income
|
||||||||||||||||
Interest Income
|
$ | 96,791 | $ | 8,112 | $ | 218,274 | $ | 315,212 | ||||||||
Expenses
|
||||||||||||||||
Management fee to related party
|
1,083,522 | 1,541,729 | 3,575,970 | 4,580,065 | ||||||||||||
Brokerage fees and expenses
|
23,992 | 377,372 | 127,306 | 1,235,255 | ||||||||||||
Total expenses
|
1,107,514 | 1,919,101 | 3,703,276 | 5,815,320 | ||||||||||||
Net Investment Loss
|
(1,010,723 | ) | (1,910,989 | ) | (3,485,002 | ) | (5,500,108 | ) | ||||||||
|
||||||||||||||||
Realized and Net Change in Unrealized Gain (Loss) on Investments and Futures Contracts
|
||||||||||||||||
Realized Gain (Loss) on
|
||||||||||||||||
Investments
|
- | - | 903 | - | ||||||||||||
Futures Contracts
|
14,511,408 | (25,287,264 | ) | (64,144,670 | ) | 71,611,757 | ||||||||||
Net Realized Gain (Loss)
|
14,511,408 | (25,287,264 | ) | (64,143,767 | ) | 71,611,757 | ||||||||||
Net Change in Unrealized Gain (Loss) on
|
||||||||||||||||
Investments
|
(4,561 | ) | (6,170 | ) | 6,714 | (19,543 | ) | |||||||||
Futures Contracts
|
23,223,583 | (39,422,299 | ) | 68,793,505 | (127,256,336 | ) | ||||||||||
Net Change in Unrealized Gain (Loss)
|
23,219,022 | (39,428,469 | ) | 68,800,219 | (127,275,879 | ) | ||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Future Contracts
|
37,730,430 | (64,715,733 | ) | 4,656,452 | (55,664,122 | ) | ||||||||||
Net Gain (Loss)
|
$ | 36,719,707 | $ | (66,626,722 | ) | $ | 1,171,450 | $ | (61,164,230 | ) |
General Units
|
Limited Units
|
Total
|
||||||||||||||||||||||||||||||||||
Total
|
Total
|
|||||||||||||||||||||||||||||||||||
General
|
Limited
|
Total
|
||||||||||||||||||||||||||||||||||
General Units
|
Accumulated
|
Shareholders’
|
Limited Units
|
Accumulated
|
Shareholders’
|
Shareholders’
|
||||||||||||||||||||||||||||||
Units
|
Amount
|
Earnings
|
Equity
|
Units
|
Amount
|
Earnings
|
Equity
|
Equity
|
||||||||||||||||||||||||||||
Balance at January 1, 2012
|
50 | $ | 1,500 | $ | (2 | ) | $ | 1,498 | 19,400,000 | $ | 549,362,581 | $ | 31,793,937 | $ | 581,156,518 | $ | 581,158,016 | |||||||||||||||||||
Creation of Limited Units
|
- | - | - | - | 2,800,000 | 87,933,308 | - | 87,933,308 | 87,933,308 | |||||||||||||||||||||||||||
Redemption of Limited Units
|
- | - | - | - | (5,300,000 | ) | (153,587,632 | ) | - | (153,587,632 | ) | (153,587,632 | ) | |||||||||||||||||||||||
Net gain:
|
||||||||||||||||||||||||||||||||||||
Net investment loss
|
- | - | (10 | ) | (10 | ) | - | - | (3,484,992 | ) | (3,484,992 | ) | (3,485,002 | ) | ||||||||||||||||||||||
Net realized loss on
Investments and Futures Contracts |
- | - | (161 | ) | (161 | ) | - | - | (64,143,606 | ) | (64,143,606 | ) | (64,143,767 | ) | ||||||||||||||||||||||
Net change in unrealized gain on Investments and Futures Contracts
|
- | - | 202 | 202 | - | - | 68,800,017 | 68,800,017 | 68,800,219 | |||||||||||||||||||||||||||
Net gain:
|
- | - | 31 | 31 | - | - | 1,171,419 | 1,171,419 | 1,171,450 | |||||||||||||||||||||||||||
Balance at September 30, 2012
|
50 | $ | 1,500 | $ | 29 | $ | 1,529 | 16,900,000 | $ | 483,708,257 | $ | 32,965,356 | $ | 516,673,613 | $ | 516,675,142 |
GreenHaven Continuous Commodity Index Fund
|
||||||||
Unaudited Consolidated Statements of Cash Flows
|
||||||||
For the Nine Months Ended September 30, 2012 and 2011
|
||||||||
2012
|
2011
|
|||||||
Cash flow from operating activities:
|
||||||||
Net Gain (Loss)
|
$ | 1,171,450 | $ | (61,164,230 | ) | |||
Adjustments to reconcile net gain (loss) to net cash used for operating activities:
|
||||||||
Purchase of investment securities
|
(1,609,751,562 | ) | (1,584,744,181 | ) | ||||
Proceeds from sales of investment securities
|
1,139,992,043 | 1,465,000,000 | ||||||
Net accretion of discount
|
(218,274 | ) | (315,212 | ) | ||||
Net realized gain on investment securities
|
(903 | ) | - | |||||
Unrealized depreciation (appreciation) on investments
|
(68,800,219 | ) | 127,275,879 | |||||
Increase (decrease) in payable - capital shares
|
(1,497,826 | ) | 9,138,309 | |||||
Increase (decrease) in accrued expenses
|
(814,625 | ) | 838,009 | |||||
Net cash used for operating activities
|
(539,919,916 | ) | (43,971,426 | ) | ||||
Cash flows from financing activities:
|
||||||||
Proceeds from creation of Limited Units
|
87,933,308 | 335,388,859 | ||||||
Redemption of Limited Units
|
(153,587,632 | ) | (190,195,629 | ) | ||||
Net cash provided by (used for) financing activities
|
(65,654,324 | ) | 145,193,230 | |||||
Net change in cash
|
(605,574,240 | ) | 101,221,804 | |||||
Cash held by broker at beginning of period
|
619,079,494 | 6,487,519 | ||||||
Cash held by broker at end of period
|
$ | 13,505,254 | $ | 107,709,323 |
September 30,
|
||||||||
2012
|
December 31,
|
|||||||
(unaudited)
|
2011
|
|||||||
Assets
|
||||||||
Equity in broker trading accounts:
|
||||||||
Short-term investments (cost $479,978,685 and $9,999,989 as of September 30, 2012 and December 31, 2011, respectively)
|
$ | 479,985,400 | $ | 9,999,990 | ||||
Cash held by broker
|
13,505,254 | 619,079,494 | ||||||
Net unrealized appreciation (depreciation) on futures contracts
|
23,791,716 | (45,001,789 | ) | |||||
Total assets
|
$ | 517,282,370 | $ | 584,077,695 | ||||
Liabilities and shareholders’ equity
|
||||||||
Capital shares payable
|
$ | - | $ | 1,497,826 | ||||
Management fee payable to related party
|
356,700 | 438,205 | ||||||
Accrued brokerage fees and expenses payable
|
250,528 | 983,648 | ||||||
Total liabilities
|
607,228 | 2,919,679 | ||||||
Shareholders’ equity
|
||||||||
General Units:
|
||||||||
Paid in capital - 50 units issued
|
1,500 | 1,500 | ||||||
Retained earnings (deficit)
|
29 | (2 | ) | |||||
Total General Units
|
1,529 | 1,498 | ||||||
Limited Units:
|
||||||||
Paid in capital - 16,900,000 and 19,400,000 redeemable units issued and outstanding as of September 30, 2012 and December 31, 2011, respectively
|
483,708,257 | 549,362,581 | ||||||
Retained earnings
|
32,965,356 | 31,793,937 | ||||||
Total Limited Units
|
516,673,613 | 581,156,518 | ||||||
Total shareholders’ equity
|
516,675,142 | 581,158,016 | ||||||
Total liabilities and shareholders’ equity
|
$ | 517,282,370 | $ | 584,077,695 | ||||
Net asset value per share
|
||||||||
General Units
|
$ | 30.58 | $ | 29.96 | ||||
Limited Units
|
$ | 30.57 | $ | 29.96 |
GreenHaven Continuous Commodity Index Master Fund
|
Unaudited Schedule of Investments
|
September 30, 2012
|
Percentage of
|
Fair
|
Face
|
||||||||||
Description
|
Net Assets
|
Value
|
Value
|
|||||||||
U.S. Treasury Obligations
|
||||||||||||
U.S. Treasury Bills, 0.11% due October 04, 2012
|
34.84 | % | $ | 179,999,280 | $ | 180,000,000 | ||||||
U.S. Treasury Bills, 0.09% due October 11, 2012
|
5.80 | 29,999,610 | 30,000,000 | |||||||||
U.S. Treasury Bills, 0.06% due October 25, 2012
|
38.71 | 199,992,600 | 200,000,000 | |||||||||
U.S. Treasury Bills, 0.11% due November 15, 2012
|
13.55 | 69,993,910 | 70,000,000 | |||||||||
Total U.S. Treasury Obligations (cost $479,978,685)
|
92.90 | % | $ | 479,985,400 | $ | 480,000,000 | ||||||
Percentage of
|
Fair
|
Notional
|
||||||||||
Description
|
Net Assets
|
Value
|
Value
|
|||||||||
Unrealized Appreciation/(Depreciation) on Futures Contracts
|
||||||||||||
Cocoa (401 contracts, settlement date December 13, 2012)
|
0.20 | % | $ | 1,005,270 | $ | 10,089,160 | ||||||
Cocoa (401 contracts, settlement date March 13, 2013)
|
0.03 | 171,430 | 10,145,300 | |||||||||
Cocoa (400 contracts, settlement date May 15, 2013)
|
0.03 | 179,400 | 10,152,000 | |||||||||
Coffee (152 contracts, settlement date December 18, 2012)
|
0.08 | 415,125 | 9,889,500 | |||||||||
Coffee (152 contracts, settlement date March 18, 2013)
|
0.06 | 333,225 | 10,117,500 | |||||||||
Coffee (153 contracts, settlement date May 20, 2013)
|
0.06 | 310,931 | 10,341,844 | |||||||||
Copper (108 contracts, settlement date December 27, 2012)
|
0.20 | 1,056,725 | 10,146,600 | |||||||||
Copper (107 contracts, settlement date March 26, 2013)
|
0.19 | 982,350 | 10,074,050 | |||||||||
Copper (107 contracts, settlement date May 29, 2013)
|
0.19 | 960,700 | 10,084,750 | |||||||||
Corn (267 contracts, settlement date December 14, 2012)
|
0.34 | 1,761,537 | 10,095,937 | |||||||||
Corn (268 contracts, settlement date March 14, 2013)
|
(0.13 | ) | (669,413 | ) | 10,177,300 | |||||||
Corn (268 contracts, settlement date May 14, 2013)
|
(0.12 | ) | (636,738 | ) | 10,137,100 | |||||||
Cotton (282 contracts, settlement date December 06, 2012)
|
(0.04 | ) | (183,560 | ) | 9,961,650 | |||||||
Cotton (283 contracts, settlement date March 06, 2013)
|
(0.01 | ) | (28,035 | ) | 10,142,720 | |||||||
Cotton (282 contracts, settlement date May 08, 2013)
|
(0.08 | ) | (388,065 | ) | 10,259,160 | |||||||
FCOJ-A (642 contracts, settlement date January 10, 2013)
|
(0.01 | ) | (68,445 | ) | 10,920,420 | |||||||
FCOJ-A (599 contracts, settlement date March 08, 2013)
|
0.01 | 39,338 | 10,373,182 | |||||||||
FCOJ-A (516 contracts, settlement date May 10, 2013)
|
(0.05 | ) | (273,060 | ) | 9,063,540 | |||||||
Gold (57 contracts, settlement date December 27, 2012)
|
0.14 | 730,310 | 10,111,230 | |||||||||
Gold (57 contracts, settlement date February 26, 2013)
|
0.19 | 977,210 | 10,123,770 | |||||||||
Gold (57 contracts, settlement date April 26, 2013)
|
0.17 | 885,620 | 10,134,600 | |||||||||
Heating Oil (46 contracts, settlement date November 30, 2012)
|
0.15 | 787,416 | 6,073,242 | |||||||||
Heating Oil (46 contracts, settlement date December 31, 2012)
|
0.14 | 732,606 | 6,038,466 | |||||||||
Heating Oil (47 contracts, settlement date January 31, 2013)
|
0.02 | 121,976 | 6,131,046 | |||||||||
Heating Oil (47 contracts, settlement date February 28, 2013)
|
0.02 | 111,901 | 6,078,933 | |||||||||
Heating Oil (47 contracts, settlement date March 28, 2013)
|
0.02 | 95,815 | 6,015,962 | |||||||||
Lean Hogs (315 contracts, settlement date December 14, 2012)
|
(0.09 | ) | (461,720 | ) | 9,292,500 | |||||||
Lean Hogs (314 contracts, settlement date February 14, 2013)
|
(0.03 | ) | (160,300 | ) | 10,079,400 | |||||||
Lean Hogs (314 contracts, settlement date April 12, 2013)
|
(0.02 | ) | (81,030 | ) | 10,996,280 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date November 16, 2012)
|
0.07 | 363,080 | 6,016,400 | |||||||||
Light, Sweet Crude Oil (65 contracts, settlement date December 19, 2012)
|
0.08 | 389,630 | 6,045,000 | |||||||||
Light, Sweet Crude Oil (65 contracts, settlement date January 22, 2013)
|
(0.02 | ) | (83,920 | ) | 6,072,300 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date February 20, 2013)
|
(0.01 | ) | (73,820 | ) | 6,094,400 | |||||||
Light, Sweet Crude Oil (65 contracts, settlement date March 20, 2013)
|
(0.01 | ) | (68,500 | ) | 6,108,700 | |||||||
Live Cattle (197 contracts, settlement date December 31, 2012)
|
(0.04 | ) | (201,770 | ) | 9,826,360 | |||||||
Live Cattle (197 contracts, settlement date February 28, 2013)
|
(0.02 | ) | (126,980 | ) | 10,119,890 | |||||||
Live Cattle (196 contracts, settlement date April 30, 2013)
|
(0.04 | ) | (186,450 | ) | 10,389,960 | |||||||
Natural Gas (163 contracts, settlement date November 28, 2012)
|
0.13 | 678,000 | 5,892,450 | |||||||||
Natural Gas (162 contracts, settlement date December 27, 2012)
|
0.13 | 687,290 | 6,102,540 | |||||||||
Natural Gas (162 contracts, settlement date January 29, 2013)
|
0.11 | 548,150 | 6,123,600 | |||||||||
Natural Gas (163 contracts, settlement date Februay 26, 2013)
|
0.10 | 527,810 | 6,115,760 | |||||||||
Natural Gas (163 contracts, settlement date March 26, 2013)
|
0.10 | 508,120 | 6,079,900 | |||||||||
Platinum (182 contracts, settlement date January 29, 2013)
|
0.36 | 1,853,695 | 15,190,630 | |||||||||
Platinum (181 contracts, settlement date April 26, 2013)
|
0.44 | 2,249,430 | 15,137,030 | |||||||||
Silver (59 contracts, settlement date December 27, 2012)
|
0.34 | 1,771,740 | 10,200,215 | |||||||||
Silver (58 contracts, settlement date March 26, 2013)
|
0.36 | 1,842,405 | 10,049,950 | |||||||||
Silver (58 contracts, settlement date May 29, 2013)
|
0.36 | 1,855,920 | 10,060,390 | |||||||||
Soybean (129 contracts, settlement date January 14, 2013)
|
0.20 | 1,013,975 | 10,337,737 | |||||||||
Soybean (130 contracts, settlement date March 14, 2013)
|
0.01 | 76,375 | 10,167,625 | |||||||||
Soybean (130 contracts, settlement date May 14, 2013)
|
0.05 | 243,125 | 9,889,750 | |||||||||
Sugar (664 contracts, settlement date February 28, 2013)
|
(0.06 | ) | (303,834 | ) | 15,185,946 | |||||||
Sugar (663 contracts, settlement date April 30, 2013)
|
(0.06 | ) | (306,600 | ) | 15,192,778 | |||||||
Wheat (221 contracts, settlement date December 14, 2012)
|
0.31 | 1,594,938 | 9,972,625 | |||||||||
Wheat (225 contracts, settlement date March 14, 2013)
|
0.02 | 93,350 | 10,262,813 | |||||||||
Wheat (225 contracts, settlement date May 14, 2013)
|
0.03 | 138,038 | 10,195,313 | |||||||||
Net Unrealized Apprecation on Futures Contracts
|
4.60 | % | $ | 23,791,716 | $ | 516,077,204 |
GreenHaven Continuous Commodity Index Master Fund
|
Consolidated Schedule of Investments
|
December 31, 2011
|
Percentage of
|
Fair
|
Face
|
||||||||||
Description
|
Net Assets
|
Value
|
Value
|
|||||||||
U.S. Treasury Obligations
|
||||||||||||
U.S. Treasury Bill, 0.00% due January 05, 2012 (cost $9,999,989)
|
1.72 | % | $ | 9,999,990 | $ | 10,000,000 | ||||||
Percentage of
|
Fair
|
Notional
|
||||||||||
Description
|
Net Assets
|
Value
|
Value
|
|||||||||
Unrealized Appreciation/(Depreciation) on Futures Contracts
|
||||||||||||
Cocoa (535 contracts, settlement date March 15, 2012)
|
(0.55 | ) % | $ | (3,205,990 | ) | $ | 11,283,150 | |||||
Cocoa (536 contracts, settlement date May 15, 2012)
|
(0.53 | ) | (3,093,380 | ) | 11,422,160 | |||||||
Cocoa (536 contracts, settlement date July 16, 2012)
|
(0.33 | ) | (1,932,240 | ) | 11,513,280 | |||||||
Coffee (133 contracts, settlement date March 20, 2012)
|
(0.15 | ) | (896,456 | ) | 11,314,144 | |||||||
Coffee (132 contracts, settlement date May 18, 2012)
|
(0.16 | ) | (919,744 | ) | 11,367,675 | |||||||
Coffee (132 contracts, settlement date July 19, 2012)
|
(0.06 | ) | (352,538 | ) | 11,493,900 | |||||||
Copper (133 contracts, settlement date March 28, 2012)
|
(0.10 | ) | (592,150 | ) | 11,424,700 | |||||||
Copper (132 contracts, settlement date May 29, 2012)
|
(0.11 | ) | (608,013 | ) | 11,376,750 | |||||||
Copper (132 contracts, settlement date July 27, 2012)
|
0.01 | 51,438 | 11,401,500 | |||||||||
Corn (349 contracts, settlement date March 14, 2012)
|
(0.15 | ) | (862,200 | ) | 11,281,425 | |||||||
Corn (349 contracts, settlement date May 14, 2012)
|
(0.15 | ) | (839,875 | ) | 11,425,387 | |||||||
Corn (348 contracts, settlement date July 13, 2012)
|
0.01 | 33,125 | 11,505,750 | |||||||||
Cotton (249 contracts, settlement date March 08, 2012)
|
(0.13 | ) | (726,570 | ) | 11,429,100 | |||||||
Cotton (248 contracts, settlement date May 08, 2012)
|
(0.15 | ) | (851,265 | ) | 11,368,320 | |||||||
Cotton (248 contracts, settlement date July 09, 2012)
|
(0.12 | ) | (721,380 | ) | 11,322,440 | |||||||
FCOJ-A (561 contracts, settlement date March 12, 2012)
|
0.04 | 257,978 | 14,221,350 | |||||||||
FCOJ-A (486 contracts, settlement date May 10, 2012)
|
0.15 | 856,470 | 12,261,780 | |||||||||
FCOJ-A (306 contracts, settlement date July 11, 2012)
|
(0.01 | ) | (32,880 | ) | 7,738,740 | |||||||
Gold (72 contracts, settlement date February 27, 2012)
|
(0.09 | ) | (527,380 | ) | 11,280,960 | |||||||
Gold (72 contracts, settlement date April 26, 2012)
|
(0.21 | ) | (1,233,460 | ) | 11,299,680 | |||||||
Gold (73 contracts, settlement date June 27, 2012)
|
(0.25 | ) | (1,434,620 | ) | 11,472,680 | |||||||
Heating Oil (57 contracts, settlement date January 31, 2012)
|
(0.02 | ) | (109,389 | ) | 6,976,595 | |||||||
Heating Oil (56 contracts, settlement date February 29, 2012)
|
(0.02 | ) | (101,056 | ) | 6,834,677 | |||||||
Heating Oil (56 contracts, settlement date March 30, 2012)
|
(0.02 | ) | (111,661 | ) | 6,789,283 | |||||||
Heating Oil (56 contracts, settlement date April 30, 2012)
|
(0.09 | ) | (493,088 | ) | 6,734,482 | |||||||
Heating Oil (56 contracts, settlement date May 31, 2012)
|
(0.08 | ) | (488,053 | ) | 6,693,557 | |||||||
Lean Hogs (236 contracts, settlement date February 14, 2012)
|
(0.07 | ) | (384,030 | ) | 7,957,920 | |||||||
Lean Hogs (236 contracts, settlement date April 16, 2012)
|
(0.06 | ) | (325,560 | ) | 8,278,880 | |||||||
Lean Hogs (235 contracts, settlement date June 14, 2012)
|
(0.05 | ) | (275,680 | ) | 8,977,000 | |||||||
Lean Hogs (236 contracts, settlement date July 16, 2012)
|
(0.04 | ) | (210,990 | ) | 8,951,480 | |||||||
Light, Sweet Crude Oil (69 contracts, settlement date January 20, 2012)
|
0.13 | 727,240 | 6,819,270 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date February 21, 2012)
|
0.13 | 746,950 | 6,831,000 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date March 20, 2012)
|
0.13 | 746,560 | 6,845,490 | |||||||||
Light, Sweet Crude Oil (69 contracts, settlement date April 20, 2012)
|
0.01 | 82,600 | 6,859,290 | |||||||||
Light, Sweet Crude Oil (68 contracts, settlement date May 22, 2012)
|
0.02 | 113,320 | 6,764,640 | |||||||||
Live Cattle (229 contracts, settlement date February 29, 2012)
|
0.00 | * | 2,380 | 11,124,820 | ||||||||
Live Cattle (230 contracts, settlement date April 30, 2012)
|
(0.02 | ) | (131,730 | ) | 11,541,400 | |||||||
Live Cattle (230 contracts, settlement date June 29, 2012)
|
(0.02 | ) | (122,410 | ) | 11,460,900 | |||||||
Natural Gas (224 contracts, settlement date January 27, 2012)
|
(0.40 | ) | (2,315,920 | ) | 6,695,360 | |||||||
Natural Gas (224 contracts, settlement date February 27, 2012)
|
(0.38 | ) | (2,204,450 | ) | 6,755,840 | |||||||
Natural Gas (220 contracts, settlement date March 28, 2012)
|
(0.36 | ) | (2,067,940 | ) | 6,773,800 | |||||||
Natural Gas (220 contracts, settlement date April 26, 2012)
|
(0.20 | ) | (1,188,850 | ) | 6,888,200 | |||||||
Natural Gas (219 contracts, settlement date May 29, 2012)
|
(0.20 | ) | (1,169,040 | ) | 6,968,580 | |||||||
Platinum (243 contracts, settlement date April 26, 2012)
|
(0.43 | ) | (2,468,450 | ) | 17,069,535 | |||||||
Platinum (243 contracts, settlement date July 27, 2012)
|
(0.44 | ) | (2,566,290 | ) | 17,124,210 | |||||||
Silver (82 contracts, settlement date March 28, 2012)
|
(0.35 | ) | (2,055,925 | ) | 11,445,150 | |||||||
Silver (81 contracts, settlement date May 29, 2012)
|
(0.38 | ) | (2,222,650 | ) | 11,323,800 | |||||||
Silver (81 contracts, settlement date July 27, 2012)
|
(0.33 | ) | (1,944,665 | ) | 11,338,785 | |||||||
Soybean (186 contracts, settlement date March 14, 2012)
|
(0.17 | ) | (1,016,225 | ) | 11,232,075 | |||||||
Soybean (187 contracts, settlement date May 14, 2012)
|
(0.16 | ) | (954,425 | ) | 11,383,625 | |||||||
Soybean (187 contracts, settlement date July 13, 2012)
|
0.05 | 264,900 | 11,472,450 | |||||||||
Sugar (444 contracts, settlement date February 29, 2012)
|
(0.24 | ) | (1,406,339 | ) | 11,586,624 | |||||||
Sugar (444 contracts, settlement date April 30, 2012)
|
(0.20 | ) | (1,152,122 | ) | 11,412,576 | |||||||
Sugar (444 contracts, settlement date June 29, 2012)
|
(0.09 | ) | (545,496 | ) | 11,218,637 | |||||||
Wheat (343 contracts, settlement date March 14, 2012)
|
(0.20 | ) | (1,133,987 | ) | 11,194,662 | |||||||
Wheat (340 contracts, settlement date May 14, 2012)
|
(0.19 | ) | (1,118,513 | ) | 11,411,250 | |||||||
Wheat (340 contracts, settlement date July 13, 2012)
|
0.04 | 230,325 | 11,666,250 | |||||||||
Net Unrealized Depreciation on Futures Contracts
|
(7.74 | ) % | $ | (45,001,789 | ) | $ | 580,606,964 |
GreenHaven Continuous Commodity Index Master Fund
|
Unaudited Statements of Income and Expenses
|
For the Three Months Ended September 30, 2012 and 2011
|
and Nine Months Ended September 30, 2012 and 2011
|
Three Months
|
Three Months
|
Nine Months
|
Nine Months
|
|||||||||||||
Ended
|
Ended
|
Ended
|
Ended
|
|||||||||||||
September 30, 2012
|
September 30, 2011
|
September 30, 2012
|
September 30, 2011
|
|||||||||||||
Income
|
||||||||||||||||
Interest Income
|
$ | 96,791 | $ | 8,112 | $ | 218,274 | $ | 315,212 | ||||||||
Expenses
|
||||||||||||||||
Management fee to related party | 1,083,522 | 1,541,729 | 3,575,970 | 4,580,065 | ||||||||||||
Brokerage fees and expenses | 23,992 | 377,372 | 127,306 | 1,235,255 | ||||||||||||
Total expenses | 1,107,514 | 1,919,101 | 3,703,276 | 5,815,320 | ||||||||||||
Net Investment Loss | (1,010,723 | ) | (1,910,989 | ) | (3,485,002 | ) | (5,500,108 | ) | ||||||||
Realized and Net Change in Unrealized Gain (Loss) on Investments and Futures Contracts
|
||||||||||||||||
Realized Gain (Loss) on
|
||||||||||||||||
Investments | - | - | 903 | - | ||||||||||||
Futures Contracts | 14,511,408 | (25,287,264 | ) | (64,144,670 | ) | 71,611,757 | ||||||||||
Net Realized Gain (Loss) | 14,511,408 | (25,287,264 | ) | (64,143,767 | ) | 71,611,757 | ||||||||||
Net Change in Unrealized Gain (Loss) on
|
||||||||||||||||
Investments | (4,561 | ) | (6,170 | ) | 6,714 | (19,543 | ) | |||||||||
Futures Contracts | 23,223,583 | (39,422,299 | ) | 68,793,505 | (127,256,336 | ) | ||||||||||
Net Change in Unrealized Gain (Loss) | 23,219,022 | (39,428,469 | ) | 68,800,219 | (127,275,879 | ) | ||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Future Contracts | 37,730,430 | (64,715,733 | ) | 4,656,452 | (55,664,122 | ) | ||||||||||
Net Gain (Loss)
|
$ | 36,719,707 | $ | (66,626,722 | ) | $ | 1,171,450 | $ | (61,164,230 | ) |
GreenHaven Continuous Commodity Index Master Fund
|
Unaudited Statement of Changes in Shareholders’ Equity
|
For the Nine Months Ended September 30, 2012
|
General Units
|
Limited Units
|
Total
|
||||||||||||||||||||||||||||||||||