##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-K
 
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number: 001-33909
 
 GREENHAVEN CONTINUOUS COMMODITY INDEX FUND
 (Exact name of registrant as specified in its charter)
 
 Delaware
    
    26-0151234(State or Other Jurisdiction of
    
    (I.R.S. EmployerIncorporation or Organization)
    
    Identification No.)
 c/o GreenHaven Commodity Services, LLC3340 Peachtree Rd, Suite 1910Atlanta, Georgia
    
    30326(Address of Principal Executive Offices)
    
    (Zip Code)
 Registrants telephone number, including area code: (404) 239-7942
 Securities registered pursuant to Section 12(b) of the Act:
 Title of Each Class
    
    Name of Each Exchange on Which RegisteredCommon Units of Beneficial Interest
    
    NYSE Arca
 Securities registered pursuant to Section 12(g) of the Act: None
 o þ
 o þ
 þ o
 o o
 þ
  Large accelerated filer o
    
    Accelerated Filer þ
    
    Non-Accelerated Filer o
    
    Smaller Reporting Company o(Do not check if a smaller reporting company)
 o þ




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##### 



TABLE OF CONTENTS
 PART I
    
    
    4ITEM 1. BUSINESS
    
    
    4ITEM 1A. RISK FACTORS
    
    
    28ITEM 1B. UNRESOLVED STAFF COMMENTS
    
    
    36ITEM 2. PROPERTIES
    
    
    36ITEM 3. LEGAL PROCEEDINGS
    
    
    36ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
    
    
    36PART II
    
    
    37ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
    
    
    37ITEM 6. SELECTED FINANCIAL DATA
    
    
    39ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
    
    
    39ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
    
    47ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
    
    
    48ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
    
    
    67ITEM 9A. CONTROLS AND PROCEDURES
    
    
    67ITEM 9B. OTHER INFORMATION
    
    
    69PART III
    
    
    70ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
    
    
    70ITEM 11. EXECUTIVE COMPENSATION
    
    
    72ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS
    
    
    72ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
AND DIRECTOR INDEPENDENCE
    
    
    72ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
    
    
    73ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
    
    
    73EX-23.3EX-31.1EX-31.2EX-32.1EX-32.2
  2




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CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
  3




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PART I
 
 ITEM 1. BUSINESS
 Organization
 THE FUND AND MASTER FUND
      Fund Investment Overview
    4




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Commodity Allowed
    
    Contracts
    
    Exchanges*
    
    
    Index Weight
    
    Sector WeightCrude Oil
    
    All 12 calendar months
    
    NYMEX
    
    
    5.88
    %
    
    Energy 17.647%Heating Oil
    
    All 12 calendar months
    
    NYMEX
    
    
    5.88
    %Natural Gas
    
    All 12 calendar months
    
    NYMEX
    
    
    5.88
    %Corn
    
    Mar, May, Jul, Sep, Dec
    
    CBOT
    
    
    5.88
    %
    
    Grains 17.647%Wheat
    
    Mar, May, Jul, Sep, Dec
    
    CBOT
    
    
    5.88
    %Soybeans
    
    Jan, Mar, May, Jul, Aug, Nov
    
    CBOT
    
    
    5.88
    %Live Cattle
    
    Feb, Apr, Jun, Aug, Oct, Dec
    
    CME
    
    
    5.88
    %
    
    Livestock 11.765%Lean Hogs
    
    Feb, Apr, Jun, Jul, Aug, Oct, Dec
    
    CME
    
    
    5.88
    %Sugar
    
    March, May, July, October
    
    NYBOT
    
    
    5.88
    %
    
    Softs 29.412%Cotton
    
    March, May, July, December
    
    NYBOT
    
    
    5.88
    %Coffee
    
    Mar, May, Jul, Sep, Dec
    
    NYBOT
    
    
    5.88
    %Cocoa
    
    Mar, May, Jul, Sep, Dec
    
    NYBOT
    
    
    5.88
    %Orange Juice
    
    Jan, Mar, May, Jul, Sep, Nov
    
    NYBOT
    
    
    5.88
    %Gold
    
    Feb, Apr, Jun, Aug, Dec
    
    NYMEX
    
    
    5.88
    %
    
    Metals 23.529%Silver
    
    Mar, May, Jul, Sep, Dec
    
    NYMEX
    
    
    5.88
    %Platinum
    
    Jan, Apr, Jul, Oct
    
    NYMEX
    
    
    5.88
    %Copper
    
    Mar, May, Jul, Sep, Dec
    
    NYMEX
    
    
    5.88
    %
 
 *
    
    This column of the chart refers to the exchanges in which the standard futures contracts trade.
The column is not intended to be an exhaustive list of all the exchanges in which a standard
futures contract is traded, including foreign exchanges. Each of the constituent commodities may
trade as standard futures contracts on other exchanges, including foreign exchanges; however, the
Master Fund does not engage in the purchase or sale of any standard constituent commodity traded on
a foreign exchange. The Fund and the Master Fund do not engage in the purchase of any forward, swap
or other non-exchange traded instruments. The total return version of the CCI index is calculated
by Thomson Reuters America LLC. It is calculated to offer investors a fair representation of the
returns that would be realized by an investment in the underlying commodities that are included in
the CCI index on a fully collateralized basis.  Calculating Total Return
   5




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Daily Range
   Commodity
    
    Allowed ContractsCrude Oil
    
    All 12 calendar monthsHeating Oil
    
    All 12 calendar monthsNatural Gas
    
    All 12 calendar monthsCorn
    
    March, May, July, September, DecemberWheat
    
    March, May, July, September, DecemberSoybeans
    
    January, March, May, July, August, NovemberLive Cattle
    
    February, April, June, August, October, DecemberLean Hogs
    
    February, April, June, July, August, October, DecemberSugar
    
    March, May, July, OctoberCotton
    
    March, May, July, DecemberCoffee
    
    March, May, July September, DecemberCocoa
    
    March, May, July September, DecemberOrange Juice
    
    January, March, May, July, September, NovemberGold
    
    February, April, June, August, DecemberSilver
    
    March, May, July September, DecemberPlatinum
    
    January, April, July, OctoberCopper
    
    March, May, July, September, December
  Interruption of Index Calculation
 6




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INVESTMENT OBJECTIVE
     Who May Subscribe
  Creation and Redemption of Shares
    7




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Creation Procedures
  Determination of required payment
   8




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Rejection of purchase orders
  (i)
    
    it determines that the purchase order is not in proper form;
 (ii)
    
    the Managing Owner believes that the purchase order would have adverse tax consequences
to the Fund or its Shareholders; or
 (iii)
    
    circumstances outside the control of the Managing Owner or the Distributor make it,
for all practical purposes, not feasible to process creations of Baskets.
  Redemption Procedures
   Determination of redemption proceeds
  Delivery of redemption proceeds
  Suspension or rejection of redemption orders
 9




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Creation and Redemption Transaction Fee
  There can be no assurance that the Fund or the Master Fund will achieve its investment objective or
avoid substantial losses. The value of the Shares is expected to fluctuate generally in relation to
changes in the value of the Master Fund Units.
 The Trustee
   provided
  10




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The Managing Owner
 Background and Principal.
  Principals and Key Employees. Form 10-k.
 Role of Managing Owner
   (i)
    
    selects the Trustee, administrator, distributor and auditor;(ii)
    
    negotiates various agreements and fees; and(iii)
    
    performs such other services as the Managing Owner believes that the Fund and the
Master Fund may from time-to-time require.
  (i)
    
    selects the Commodity Broker; and(ii)
    
    monitors the performance results of the Master Funds portfolio and reallocates assets
within the portfolio with a view to causing the performance of the Master Funds portfolio
to track that of the Index over time.
    Fiduciary Obligations of the Managing Owner.
 11




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Fiduciary and Regulatory Duties of the Managing Owner
      Ownership or Beneficial Interest in the Fund and Master Fund
  Management; Voting by Shareholders
  12




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Recognition of the Fund and the Master Fund in Certain States
  Possible Repayment of Distributions Received by Shareholders; Indemnification by Shareholders
   Shares Freely Transferable
  Book-Entry Form
  13




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Reports to Shareholders
   Net Asset Value
     Termination Events
  (i)
    
    The filing of a certificate of dissolution or revocation of the Managing Owners
charter (and the expiration of ninety (90) days after the date of notice to the Managing
Owner of revocation without a reinstatement of its charter) or upon the withdrawal,
removal, adjudication or admission of bankruptcy or insolvency of the Managing Owner, or an
event of withdrawal unless (i) at the time there is at least one remaining Managing Owner
and that remaining Managing Owner carries on the business of the Fund or (ii) within ninety
(90) days of such event of withdrawal all the remaining Shareholders agree in writing to
continue the business of the Fund and to select, effective as of the date of such event,
one or more
 14




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successor Managing Owners. If the Fund is terminated as the result of an event of withdrawal
and a failure of all remaining Shareholders to continue the business of the Fund and to
appoint a successor Managing Owner as provided above within one hundred and twenty (120)
days of such event of withdrawal, Shareholders holding Shares representing at least
seventy-five percent (75%) of the net asset value (not including Shares held by the Managing
Owner and its affiliates) may elect to continue the business of the Fund by forming a new
statutory trust, or reconstituted trust, on the same terms and provisions as set forth in
the Trust Declaration. Any such election must also provide for the election of a Managing
Owner to the reconstituted trust. If such an election is made, all Shareholders of the Fund
shall be bound thereby and continue as Shareholders of the reconstituted trust.
 (ii)
    
    The occurrence of any event which would make unlawful the continued existence of the
Fund.(iii)
    
    In the event of the suspension, revocation or termination of the Managing Owners
registration as a commodity pool operator, or membership as a commodity pool operator with
the NFA (if, in either case, such registration is required at such time unless at the time
there is at least one remaining Managing Owner whose registration or membership has not
been suspended, revoked or terminated).(iv)
    
    The Fund becomes insolvent or bankrupt.(v)
    
    The Shareholders holding Shares representing at least seventy-five percent (75%) of the
Net Asset Value (which excludes the Shares of the Managing Owner) vote to dissolve the
Fund, notice of which is sent to the Managing Owner not less than ninety (90) Business Days
prior to the effective date of termination.(vi)
    
    The determination of the Managing Owner that the aggregate net assets of the Fund in
relation to the operating expenses of the Fund make it unreasonable or imprudent to
continue the business of the Fund.(vii)
    
    The Fund becoming required to be registered as an investment company under the
Investment Company Act of 1940.(viii)
    
    DTC is unable or unwilling to continue to perform its functions, and a comparable
replacement is unavailable.
 The Commodity Broker
    15




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Morgan Stanley DW Inc.
    16




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Morgan Stanley & Co. Incorporated
     The Administrator
   17




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The Distributor
   The Marketing Agent
  18




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Regulation
  Employees
  Available Information
 http://www.greenhavenfunds.com http://www.sec.gov
  CONFLICTS OF INTEREST
 General
  The Managing Owner
  The Commodity Broker
  19




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Proprietary Trading/Other Clients
   No Distributions
  USE OF PROCEEDS
    (i)
    
    up to approximately 10% of the net asset value of the Master Fund will be placed in
segregated accounts in the name of the Master Fund with the Commodity Broker (or another
eligible financial institution, as applicable) in the form of cash or United States
Treasury bills to margin commodity positions. Such funds will be segregated pursuant to
CFTC rules;
 20




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(ii)
    
    approximately 90% of the net asset value of the Master Fund will be maintained in
segregated accounts in the name of the Master Fund in bank deposits or United States
Treasury and United States Government Agencies issues.
    FEES AND CHARGES
 Upfront Selling Commissions
  Management Fee
  Organization and Offering Expenses
   (i)
    
    initial and ongoing registration fees, filing fees, escrow fees and taxes;(ii)
    
    costs of preparing, printing (including typesetting), amending, supplementing, mailing
and distributing the Registration Statement, the exhibits thereto and the Prospectus of the
Fund;(iii)
    
    the costs of qualifying, printing, (including typesetting), amending, supplementing,
mailing and distributing sales materials used in connection with the offering and issuance
of the Shares;(iv)
    
    travel, telephone and other expenses in connection with the offering and issuance of
the Shares.
  Brokerage Commissions and Fees
  21




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Routine Operational, Administrative and Other Ordinary Expenses
  Extraordinary Fees and Expenses
  Management Fee and Ongoing Expenses to be Paid First out of Interest Income
  MATERIAL CONTRACTS
 License Agreement
   Brokerage Agreement
  (i)
    
    acts as the clearing broker;(ii)
    
    acts as custodian of the Master Funds assets; and(iii)
    
    performs such other services for the Master Fund as the Managing Owner may from
time-to-time request.
   22




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(i)
    
    all funds, commodities and open or cash positions carried for the Master Fund will be
held as security for the Master Funds obligations to the Commodity Broker;(ii)
    
    the margins required to initiate or maintain open positions will be as from
time-to-time established by the Commodity Broker and may exceed exchange minimum levels;
and(iii)
    
    the Commodity Broker may close out positions, purchase commodities or cancel orders at
any time it deems necessary for its protection, without the consent of the Master Fund.
      Administration Agreement
     23




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Global Custody Agreement
   24




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Transfer Agency and Service Agreement
   (i)
    
    Either party terminates prior to the expiration of the initial term in the event the
other party breaches any material provision of the Transfer Agency and Service Agreement,
including, without limitation in the case of the Fund, its obligations to compensate the
Transfer Agent, provided that the non-breaching party gives written notice of such breach
to the breaching party and the breaching party does not cure such violation within ninety
(90) days of receipt of such notice.
 25




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(ii)
    
    The Fund may terminate the Transfer Agency and Service Agreement prior to the
expiration of the initial term upon ninety (90) days prior written notice in the event
that the Managing Owner determines to liquidate the Fund and terminate its registration
with the Securities and Exchange Commission other than in connection with a merger or
acquisition of the Fund.
   (i)
    
    All actions of the Transfer Agent or its agents or subcontractors required to be taken
pursuant to this Agreement, provided that such actions are taken without gross negligence,
or willful misconduct;(ii)
    
    The Funds gross negligence or willful misconduct;(iii)
    
    The breach of any representation or warranty of the Fund thereunder;(iv)
    
    The conclusive reliance on or use by the Transfer Agent or its agents or subcontractors
of information, records, documents or services which (i) are received by the Transfer Agent
or its agents or subcontractors, and (ii) have been prepared, maintained or performed by
the Fund or any other person or firm on behalf of the Fund including but not limited to any
previous transfer agent or registrar;(v)
    
    The conclusive reliance on, or the carrying out by the Transfer Agent or its agents or
subcontractors of any instructions or requests of the Fund on behalf of the Fund;(vi)
    
    The offer or sale of Shares in violation of any requirement under the federal
securities laws or regulations or the securities laws; or(vii)
    
    Regulations of any state that such Shares be registered in such state or in violation
of any stop order or other determination or ruling by any federal agency or any state with
respect to the offer or sale of such Shares in such state.
 Distribution Services Agreement
    26




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Marketing Services Agreement
    27




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ITEM 1A  RISK FACTORS
 You could lose money investing in the Shares. You should consider carefully the risks
described below and elsewhere in this Form 10K before making an investment decision.
 The Value of the Shares Relates Directly to the Value of the Commodity Futures and Other Assets
Held by the Master Fund and Fluctuations in the Price of These Assets Could Materially Adversely
Affect an Investment in the Shares.
  
    
    changing supply and demand relationships;
 
    
    general economic activities and conditions;
 
    
    weather and other environmental conditions;
 
    
    acts of God;
 
    
    agricultural, fiscal, monetary and exchange control programs and
policies of governments;
 
    
    national and international political and economic events and policies;
 
    
    changes in rates of inflation; or
 
    
    the general emotions and psychology of the marketplace, which at times
can be volatile and unrelated to other more tangible factors.
  Metals Commodities
 
    
    A change in economic conditions, such as a recession, can adversely
affect the price of both industrial and precious metals. An economic downturn
may have a negative impact on the usage and demand of metals which may result
in a loss for the Master Fund.
 
    
    A sudden shift in political conditions of the worlds leading metal
producers may have a negative effect on the global pricing of metals.
 
    
    An increase in the hedging of precious metals may result in the price of
precious metals to decline.
 
    
    Changes in global supply and demand for industrial and precious metals.
 
    
    The price and quantity of imports and exports of industrial and precious
metals.
 
    
    Technological advances in the processing and mining of industrial and
precious metals.
 Agricultural Commodities
 
    
    Farmer planting decisions, general economic, market and regulatory
factors all influence the price of agricultural commodities.
 
    
    Weather conditions, including hurricanes, tornadoes, storms and
droughts, may have a material adverse effect on crops, live cattle, live
hogs and lumber, which may result in significant fluctuations in prices in
such commodities.
 
    
    Changes in global supply and demand for agriculture products.
 
    
    The price and quantity of imports and exports of agricultural
commodities.
 28




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
    
    Political conditions, including embargoes and war, in or affecting
agricultural production, imports and exports.
 
    
    Technological advances in agricultural production.
 
    
    The price and availability of alternative agricultural commodities.
 Energy Commodities
 
    
    Changes in global supply and demand for oil and natural gas.
 
    
    The price and quantity of imports and exports of oil and natural
gas.
 
    
    Political conditions, including embargoes and war, in or
affecting other oil producing activities.
 
    
    The level of global oil and natural gas exploration and
production.
 
    
    The level of global oil and natural gas inventories, production
or pricing.
 
    
    Weather conditions.
 
    
    Technological advances effecting energy consumption.
 
    
    The price and availability of alternative fuels.
  Net Asset Value May Not Always Correspond to Market Price and, as a Result, Baskets may be Created
or Redeemed at a Value that Differs from the Market Price of the Shares.
   Your investment could suffer in the event that Thomson Reuters America LLC decides to terminate the
license agreement between itself and the Managing Owner.
  29




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Your investment could suffer in the event that the Managing Owner creates another product under its
exclusive license agreement which directly competes with the Fund and Master Fund.
  Regulatory and Exchange Position Limits and Other Rules May Restrict the Creation of Baskets and
the Operation of the Master Fund.
   The Fund May Not Always Be Able Exactly to Replicate the Performance of the Index.
  If the Managing Owner permits the Fund to control commodity positions in excess of the value of the
Funds assets, you could lose all or substantially all of your investment.
  The Master Fund Is Not Actively Managed and Will Track the Index During Periods in which the Index
Is Flat or Declining as well as when the Index Is Rising.
  30




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The Exchange May Halt Trading in the Shares Which Would Adversely Impact Your Ability to Sell
Shares.
  The Lack of an Active Trading Market for the Shares May Result in Losses on Your Investment at the
Time of Disposition of Your Shares.
  The Shares Are a New Securities Product and their Value Could Decrease if Unanticipated Operational
or Trading Problems Arise.
  As the Managing Owner and its Principals have no prior History of Operating an Investment Vehicle
like the Fund or the Master Fund, their Experience may be Inadequate or Unsuitable to Manage the
Fund or the Master Fund.
  You Should Not Rely on Past Performance in Deciding Whether to Buy Shares.
  Price Volatility May Possibly Cause the Total Loss of Your Investment.
  Fees are Charged Regardless of Profitability and May Result in Depletion of Assets.
  31




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Possible Illiquid Markets May Exacerbate Losses.
  You May Be Adversely Affected by Redemption Orders that Are Subject To Postponement, Suspension Or
Rejection Under Certain Circumstances.
  Because the Master Fund will not Acquire Any Asset with Intrinsic Value, the Positive Performance
of Your Investment Is Wholly Dependent Upon an Equal and Offsetting Loss Borne by Unrelated
Participants in the Futures Market.
  Shareholders Will Not Have the Protections Associated With Ownership of Shares in an Investment
Company Registered Under the Investment Company Act of 1940.
  Various Actual and Potential Conflicts of Interest May Be Detrimental to Shareholders.
  32




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Shareholders Will Be Subject to Taxation on Their Share of the Master Funds Taxable Income,
Whether or Not They Receive Cash Distributions.
  Items of Income, Gain, Deduction, Loss and Credit with respect to Fund Shares could be Reallocated
if the IRS does not Accept the Assumptions or Conventions Used by the Master Fund in Allocating
Master Fund Tax Items
  PROSPECTIVE INVESTORS ARE STRONGLY URGED TO CONSULT THEIR OWN TAX ADVISERS AND COUNSEL WITH RESPECT
TO THE POSSIBLE TAX CONSEQUENCES TO THEM OF AN INVESTMENT IN ANY SHARES; SUCH TAX CONSEQUENCES MAY
DIFFER IN RESPECT OF DIFFERENT INVESTORS.
 Failure or Lack of Segregation of Assets May Increase Losses.
 pro rata pro rata
 Regulatory Changes or Actions May Alter the Nature of an Investment in the Fund.
  Lack of Independent Experts Representing Investors.
 33




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Possibility of Termination of the Fund May Adversely Affect Your Portfolio.
  Shareholders Do Not Have the Rights Enjoyed by Investors in Certain Other Vehicles.
  An Investment in the Shares May Be Adversely Affected by Competition From Other Methods of
Investing in Commodities.
  Competing Claims Over Ownership of Intellectual Property Rights Related to the Fund Could Adversely
Affect the Fund and an Investment in the Shares.
  An Absence of Backwardation in the Prices of Certain Commodities, or the Presence of Contango
in the Prices of Certain Commodities, May Decrease the Price of Your Shares.
  34




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The Value of the Shares Will be Adversely Affected if the Fund or the Master Fund is Required to
Indemnify the Trustee or the Managing Owner.
  Regulatory Reporting and Compliance
     The Net Asset Value Calculation of the Master Fund May Be Overstated or Understated Due to the
Valuation Method Employed When a Settlement Price is not Available on the Date of Net Asset Value
Calculation.
  35




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ITEM 1B.
    
    UNRESOLVED STAFF COMMENTS
  
 ITEM 2.
    
    PROPERTIES
  
 ITEM 3.
    
    LEGAL PROCEEDINGS
  
 ITEM 4.
    
    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  36




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PART II
 
 ITEM 5.
    
    MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
 Market Information
  2010 Monthly Stock Price Data for GCC
 Date
    
    High
    
    Low
    
    Close
    
    OpenDecember
    
    
    33.51
    
    
    
    29.98
    
    
    
    32.95
    
    
    
    29.99November
    
    
    33.53
    
    
    
    29.02
    
    
    
    29.69
    
    
    
    30.04October
    
    
    30.01
    
    
    
    27.56
    
    
    
    29.79
    
    
    
    28.23September
    
    
    28.55
    
    
    
    26.40
    
    
    
    28.16
    
    
    
    26.45August
    
    
    27.13
    
    
    
    25.68
    
    
    
    26.20
    
    
    
    26.73July
    
    
    26.43
    
    
    
    24.56
    
    
    
    26.41
    
    
    
    24.81June
    
    
    25.57
    
    
    
    23.83
    
    
    
    24.93
    
    
    
    24.39May
    
    
    25.86
    
    
    
    23.88
    
    
    
    24.54
    
    
    
    25.83April
    
    
    25.96
    
    
    
    25.15
    
    
    
    25.79
    
    
    
    25.22March
    
    
    25.94
    
    
    
    24.68
    
    
    
    25.08
    
    
    
    25.79February
    
    
    25.88
    
    
    
    24.27
    
    
    
    25.72
    
    
    
    25.21January
    
    
    27.30
    
    
    
    25.05
    
    
    
    25.06
    
    
    
    26.93
 2009 Monthly Stock Price Data for GCC
 Date
    
    High
    
    Low
    
    Close
    
    OpenDecember
    
    
    26.58
    
    
    
    25.33
    
    
    
    26.32
    
    
    
    26.31November
    
    
    26.20
    
    
    
    24.89
    
    
    
    26.11
    
    
    
    25.05October
    
    
    26.20
    
    
    
    23.30
    
    
    
    25.01
    
    
    
    23.93September
    
    
    24.28
    
    
    
    22.73
    
    
    
    23.97
    
    
    
    23.10August
    
    
    24.41
    
    
    
    22.80
    
    
    
    23.08
    
    
    
    23.95July
    
    
    23.55
    
    
    
    21.31
    
    
    
    23.52
    
    
    
    23.00June
    
    
    25.79
    
    
    
    22.39
    
    
    
    22.88
    
    
    
    24.85May
    
    
    24.50
    
    
    
    21.92
    
    
    
    24.34
    
    
    
    21.99April
    
    
    23.99
    
    
    
    21.00
    
    
    
    21.79
    
    
    
    21.83March
    
    
    23.60
    
    
    
    19.01
    
    
    
    21.95
    
    
    
    20.43February
    
    
    22.81
    
    
    
    20.42
    
    
    
    20.82
    
    
    
    21.55January
    
    
    22.99
    
    
    
    20.79
    
    
    
    21.80
    
    
    
    22.12
 37




---



##### Table of Contents



2008 Monthly Stock Price Data for GCC
 Date
    
    High
    
    Low
    
    Close
    
    OpenDecember
    
    
    23.95
    
    
    
    19.51
    
    
    
    21.92
    
    
    
    21.49November
    
    
    24.30
    
    
    
    18.94
    
    
    
    21.78
    
    
    
    22.78October
    
    
    27.90
    
    
    
    18.71
    
    
    
    22.70
    
    
    
    27.67September
    
    
    30.84
    
    
    
    26.04
    
    
    
    27.62
    
    
    
    30.77August
    
    
    33.90
    
    
    
    28.50
    
    
    
    31.71
    
    
    
    33.33July
    
    
    37.99
    
    
    
    30.26
    
    
    
    33.75
    
    
    
    36.83June
    
    
    37.52
    
    
    
    33.33
    
    
    
    36.88
    
    
    
    34.16May
    
    
    34.82
    
    
    
    28.00
    
    
    
    33.74
    
    
    
    33.22April
    
    
    35.78
    
    
    
    31.67
    
    
    
    33.53
    
    
    
    32.40March
    
    
    37.00
    
    
    
    30.55
    
    
    
    32.34
    
    
    
    35.99February
    
    
    35.85
    
    
    
    31.50
    
    
    
    35.35
    
    
    
    31.94January
    
    
    31.90
    
    
    
    30.45
    
    
    
    31.70
    
    
    
    30.45
 Shares Outstanding
    Distributions
  Sales and Redemptions
         38




---



##### Table of Contents



Dividends
  
 ITEM 6.
    
    SELECTED FINANCIAL DATA
 Year Ended
    
    Year Ended
    
    Period EndedDecember 31, 2010
    
    December 31, 2009
    
    December 31, 2008 (i)Total assets
    
    $
    535,067,061
    
    
    $
    229,623,343
    
    
    $
    17,550,900Net realized and unrealized gain (loss) on futures transactions and investments, inclusive of commissions
    
    $
    89,562,608
    
    
    $
    27,112,878
    
    
    $
    (7,095,792
    )Net income (loss)
    
    $
    86,627,933
    
    
    $
    25,933,097
    
    
    $
    (7,001,170
    )Cash held by broker
    
    $
    6,487,519
    
    
    $
    97,250,587
    
    
    $
    13,331,630Total assets per share
    
    $
    32.93
    
    
    $
    26.24
    
    
    $
    21.94Cash and cash equivalents per share at end of year/period
    
    $
    0.40
    
    
    $
    11.11
    
    
    $
    16.66
 
 (i)
    
    The Fund commenced investment operations on January 23, 2008; therefore
there were no items of income or expense for the year ended December 31, 2007
and there were no assets in the Fund as of December 31, 2007. 
 ITEM 7.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  Forward-Looking Information
   Overview / Introduction
  39




---



##### Table of Contents



Managements Discussion of Results of Operations
 Results of Operations.
    Portfolio Expenses
  40




---



##### Table of Contents



Interest Income
 Performance Summary
 Date
    
    
    
    NAV
    
    Total Shares
    
    Extended Value
    
    1 Month
    
3 Months
    
    Year to Date
    
    Since Inception1/23/2008
    
    
    
    $
    30.00
    
    
    
    350,050
    
    
    $
    10,501,500.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1/31/2008
    
    
    
    $
    31.65
    
    
    
    350,050
    
    
    $
    11,079,082.50
    
    
    
    5.50
    %
    
    
    
    
    
    
    5.50
    %
    
    
    5.50
    %2/29/2008
    
    
    
    $
    35.41
    
    
    
    900,050
    
    
    $
    31,870,770.50
    
    
    
    11.88
    %
    
    
    
    
    
    
    18.03
    %
    
    
    18.03
    %3/31/2008
    
    
    
    $
    32.46
    
    
    
    900,050
    
    
    $
    29,215,623.00
    
    
    
    -8.33
    %
    
    
    
    
    
    
    8.20
    %
    
    
    8.20
    %4/30/2008
    
    
    
    $
    33.49
    
    
    
    900,050
    
    
    $
    30,142,674.50
    
    
    
    3.17
    %
    
    
    5.81
    %
    
    
    11.63
    %
    
    
    11.63
    %5/31/2008
    
    
    
    $
    33.77
    
    
    
    950,050
    
    
    $
    32,083,188.50
    
    
    
    0.84
    %
    
    
    -4.63
    %
    
    
    12.57
    %
    
    
    12.57
    %6/30/2008
    
    
    
    $
    36.83
    
    
    
    800,050
    
    
    $
    29,465,841.50
    
    
    
    9.06
    %
    
    
    13.46
    %
    
    
    22.77
    %
    
    
    22.77
    %7/31/2008
    
    
    
    $
    33.71
    
    
    
    750,050
    
    
    $
    25,284,185.50
    
    
    
    -8.47
    %
    
    
    0.66
    %
    
    
    12.37
    %
    
    
    12.37
    %8/31/2008
    
    
    
    $
    31.65
    
    
    
    800,050
    
    
    $
    25,321,582.50
    
    
    
    -6.11
    %
    
    
    -6.28
    %
    
    
    5.50
    %
    
    
    5.50
    %9/30/2008
    
    
    
    $
    27.74
    
    
    
    750,050
    
    
    $
    20,806,387.00
    
    
    
    -12.35
    %
    
    
    -24.68
    %
    
    
    -7.53
    %
    
    
    -7.53
    %10/31/2008
    
    
    
    $
    22.68
    
    
    
    700,050
    
    
    $
    15,877,134.00
    
    
    
    -18.24
    %
    
    
    -32.72
    %
    
    
    -24.40
    %
    
    
    -24.40
    %11/28/2008
    
    
    
    $
    22.03
    
    
    
    700,050
    
    
    $
    15,422,101.50
    
    
    
    -2.87
    %
    
    
    -30.39
    %
    
    
    -26.57
    %
    
    
    -26.57
    %12/31/2008
    
    
    
    $
    21.92
    
    
    
    800,050
    
    
    $
    17,537,096.00
    
    
    
    -0.50
    %
    
    
    -20.98
    %
    
    
    -26.93
    %
    
    
    -26.93
    %1/31/2009
    
    
    
    $
    21.80
    
    
    
    900,050
    
    
    $
    19,621,090.00
    
    
    
    -0.55
    %
    
    
    -3.88
    %
    
    
    -0.55
    %
    
    
    -27.33
    %2/28/2009
    
    
    
    $
    20.87
    
    
    
    950,050
    
    
    $
    19,827,543.50
    
    
    
    -4.27
    %
    
    
    -5.27
    %
    
    
    -4.79
    %
    
    
    -30.43
    %3/31/2009
    
    
    
    $
    21.73
    
    
    
    3,950,050
    
    
    $
    85,834,586.50
    
    
    
    4.12
    %
    
    
    -0.87
    %
    
    
    -0.87
    %
    
    
    -27.57
    %4/30/2009
    
    
    
    $
    21.69
    
    
    
    3,950,050
    
    
    $
    85,676,584.50
    
    
    
    -0.18
    %
    
    
    -0.50
    %
    
    
    -1.05
    %
    
    
    -27.70
    %5/30/2009
    
    
    
    $
    24.21
    
    
    
    5,000,050
    
    
    $
    121,051,210.50
    
    
    
    11.62
    %
    
    
    16.00
    %
    
    
    10.45
    %
    
    
    -19.30
    %6/30/2009
    
    
    
    $
    22.73
    
    
    
    6,300,050
    
    
    $
    143,200,136.50
    
    
    
    -6.11
    %
    
    
    4.60
    %
    
    
    3.70
    %
    
    
    -24.23
    %7/31/2009
    
    
    
    $
    23.44
    
    
    
    5,550,000
    
    
    $
    130,092,000.00
    
    
    
    3.12
    %
    
    
    8.07
    %
    
    
    6.93
    %
    
    
    -21.87
    %8/31/2009
    
    
    
    $
    23.19
    
    
    
    6,100,050
    
    
    $
    141,460,159.50
    
    
    
    -1.07
    %
    
    
    -4.21
    %
    
    
    5.79
    %
    
    
    -22.70
    %9/30/2009
    
    
    
    $
    23.89
    
    
    
    8,350,050
    
    
    $
    199,482,694.50
    
    
    
    3.02
    %
    
    
    5.10
    %
    
    
    8.99
    %
    
    
    -20.37
    %10/31/2009
    
    
    
    $
    24.94
    
    
    
    8,850,050
    
    
    $
    220,720,247.00
    
    
    
    4.40
    %
    
    
    6.40
    %
    
    
    13.78
    %
    
    
    -16.87
    %11/30/2009
    
    
    
    $
    26.09
    
    
    
    7,550,050
    
    
    $
    196,980,804.50
    
    
    
    4.61
    %
    
    
    12.51
    %
    
    
    19.02
    %
    
    
    -13.03
    %12/31/2009
    
    
    
    $
    26.22
    
    
    
    8,750,050
    
    
    $
    229,426,311.00
    
    
    
    0.50
    %
    
    
    9.75
    %
    
    
    19.62
    %
    
    
    -12.60
    %1/31/2010
    
    
    
    $
    25.09
    
    
    
    9,850,050
    
    
    $
    247,137,754.50
    
    
    
    -4.31
    %
    
    
    0.60
    %
    
    
    -4.31
    %
    
    
    -16.37
    %2/28/2010
    
    
    
    $
    25.67
    
    
    
    9,400,050
    
    
    $
    241,299,283.50
    
    
    
    2.31
    %
    
    
    -1.61
    %
    
    
    -2.10
    %
    
    
    -14.43
    %3/31/2010
    
    
    
    $
    25.07
    
    
    
    9,550,050
    
    
    $
    239,419,753.50
    
    
    
    -2.34
    %
    
    
    -4.39
    %
    
    
    -4.39
    %
    
    
    -16.43
    %4/30/2010
    
    
    
    $
    25.76
    
    
    
    9,650,050
    
    
    $
    248,585,288.00
    
    
    
    2.75
    %
    
    
    2.67
    %
    
    
    -1.75
    %
    
    
    -14.13
    %5/31/2010
    
    
    
    $
    24.50
    
    
    
    9,650,050
    
    
    $
    236,426,225.00
    
    
    
    -4.89
    %
    
    
    -4.56
    %
    
    
    -6.56
    %
    
    
    -18.33
    %6/30/2010
    
    
    
    $
    24.92
    
    
    
    9,750,050
    
    
    $
    242,971,246.00
    
    
    
    1.71
    %
    
    
    -0.60
    %
    
    
    -4.96
    %
    
    
    -16.93
    %7/31/2010
    
    
    
    $
    26.42
    
    
    
    10,200,050
    
    
    $
    269,485,321.00
    
    
    
    6.02
    %
    
    
    2.56
    %
    
    
    0.76
    %
    
    
    -11.93
    %8/31/2010
    
    
    
    $
    26.21
    
    
    
    11,250,050
    
    
    $
    294,863,810.50
    
    
    
    -0.79
    %
    
    
    6.98
    %
    
    
    -0.04
    %
    
    
    -12.63
    %9/30/2010
    
    
    
    $
    28.14
    
    
    
    11,100,050
    
    
    $
    312,355,407.00
    
    
    
    7.36
    %
    
    
    12.92
    %
    
    
    7.32
    %
    
    
    -6.20
    %10/31/2010
    
    
    
    $
    29.76
    
    
    
    13,000,050
    
    
    $
    386,881,488.00
    
    
    
    5.76
    %
    
    
    12.64
    %
    
    
    13.50
    %
    
    
    -0.80
    %11/30/2010
    
    
    
    $
    29.67
    
    
    
    14,900,050
    
    
    $
    442,084,483.50
    
    
    
    -0.30
    %
    
    
    13.20
    %
    
    
    13.16
    %
    
    
    -1.10
    %12/31/2010
    
    
    
    $
    32.88
    
    
    
    16,250,050
    
    
    $
    534,301,644.00
    
    
    
    10.82
    %
    
    
    16.84
    %
    
    
    25.40
    %
    
    
    9.60
    %
 41




---



##### Table of Contents



Comparison of the CCI-TR Index and the Greenhaven Continuous Commodity Fund Net Asset Value (GCC NAV) for the Years
Ended December 31, 2010, 2009 and 2008 and For the Three Months Ended December 31, 2010, 2009 and 2008
 
 
 42




---



##### Table of Contents



43




---



##### Table of Contents



Net Asset Value
 44




---



##### Table of Contents



Critical Accounting Policies and Estimates
        Asset Valuation
    45




---



##### Table of Contents



Market Risk
  Credit Risk
          Liquidity
 The Exchange May Halt Trading in the Shares Which Would Adversely Impact Your Ability to Sell
Shares.
  The Lack Of An Active Trading Market for the Shares May Result in Losses on Your Investment at the
Time of Disposition of Your Shares.
  Possible Illiquid Markets May Exacerbate Losses.
  Contractual Obligations
  46




---



##### Table of Contents



Off-Balance Sheet Risk
  
 ITEM 7A.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
     General
     47




---



##### Table of Contents



ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
 Index to Financial Statements
 GreenHaven Continuous Commodity Index Fund
 Report of Independent Registered Public Accounting Firm
    
    
    49Consolidated Statements of Financial Condition as of December 31, 2010 and 2009
    
    
    50Consolidated Schedule of Investments as of December 31, 2010
    
    
    51Consolidated Schedule of Investments as of December 31, 2009
    
    
    52Consolidated Statements of Income and Expenses for the years ended December 31, 2010, 2009 and 2008
    
    
    53Consolidated Statement of Changes in Shareholders Equity for the year ended December 31, 2010
    
    
    54Consolidated Statement of Changes in Shareholders Equity for the year ended December 31, 2009
    
    
    55Consolidated Statement of Changes in Shareholders Equity for the year ended December 31, 2008
    
    
    56Consolidated Statements of Cash Flows for the years ended December 31, 2010, 2009 and 2008
    
    
    57Notes to the Consolidated Financial Statements
    
    
    58
 48




---



##### Table of Contents



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
    Internal Control-Integrated
Framework
  
 49




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statements of Financial Condition
December 31, 2010 and 2009
 2010
    
    
    2009AssetsEquity in broker trading accounts:Short-term investments (cost $469,919,567 and $119,990,308 as of 2010
and 2009, respectively)
    
    $
    469,939,860
    
    
    $
    119,992,525Cash held by broker
    
    
    6,487,519
    
    
    
    97,250,587Net unrealized appreciation on futures contracts
    
    
    58,639,682
    
    
    
    12,380,231Total assets
    
    $
    535,067,061
    
    
    $
    229,623,343Liabilities and shareholders equityManagement fee payable to related party
    
    $
    352,427
    
    
    $
    149,819Broker fee payable
    
    
    351,579
    
    
    
    39,186Total liabilities
    
    
    704,006
    
    
    
    189,005Shareholders equityGeneral Units:Paid in capital - 50 units issued
    
    
    1,500
    
    
    
    1,500Retained earnings (deficit)
    
    
    144
    
    
    
    (189
    )Total General Units
    
    
    1,644
    
    
    
    1,311Limited Units:Paid in capital - 16,250,000 and 8,750,000 redeemable units
issued and outstanding as of 2010 and 2009, respectively
    
    
    428,801,695
    
    
    
    210,500,911Retained earnings
    
    
    105,559,716
    
    
    
    18,932,116Total Limited Units
    
    
    534,361,411
    
    
    
    229,433,027Total shareholders equity
    
    
    534,363,055
    
    
    
    229,434,338Total liabilities and shareholders equity
    
    $
    535,067,061
    
    
    $
    229,623,343Net asset value per shareGeneral Units
    
    $
    32.88
    
    
    $
    26.22Limited Units
    
    $
    32.88
    
    
    $
    26.22
 See accompanying notes to consolidated financial statements
 50




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Schedule of Investments
December 31, 2010
 Percentage of
    
    
    Fair
    
    
    FaceDescription
    
    Net Assets
    
    
    Value
    
    
    ValueU.S. Treasury ObligationsU.S. Treasury Bills, 0.09% due January 13, 2011
    
    
    33.68
    %
    
    $
    179,998,380
    
    
    $
    180,000,000U.S. Treasury Bills, 0.12% due February 03, 2011
    
    
    11.23
    
    
    
    59,995,500
    
    
    
    60,000,000U.S. Treasury Bills, 0.13% due February 17, 2011
    
    
    1.87
    
    
    
    9,998,620
    
    
    
    10,000,000U.S. Treasury Bills, 0.12% due February 24, 2011
    
    
    3.74
    
    
    
    19,996,760
    
    
    
    20,000,000U.S. Treasury Bills, 0.15% due March 10, 2011
    
    
    9.36
    
    
    
    49,989,000
    
    
    
    50,000,000U.S. Treasury Bills, 0.13% due March 24, 2011
    
    
    28.06
    
    
    
    149,961,600
    
    
    
    150,000,000Total U.S. Treasury Obligations (cost $469,919,567)
    
    
    87.94
    %
    
    $
    469,939,860
    
    
    $
    470,000,000
 Percentage of
    
    
    Fair
    
    
    NotionalDescription
    
    Net Assets
    
    
    Value
    
    
    ValueUnrealized Appreciation on Futures ContractsCocoa (344 contracts, settlement date March 16, 2011)
    
    
    0.12
    %
    
    $
    636,750
    
    
    $
    10,440,400Cocoa (343 contracts, settlement date May 13, 2011)
    
    
    0.11
    
    
    
    606,950
    
    
    
    10,468,360Cocoa (344 contracts, settlement date July 14, 2011)
    
    
    0.13
    
    
    
    682,981
    
    
    
    10,540,160Coffee (116 contracts, settlement date March 21, 2011)
    
    
    0.40
    
    
    
    2,127,581
    
    
    
    10,461,750Coffee (116 contracts, settlement date May 18, 2011)
    
    
    0.40
    
    
    
    2,152,463
    
    
    
    10,518,300Coffee (116 contracts, settlement date July 19, 2011)
    
    
    0.27
    
    
    
    1,460,111
    
    
    
    10,468,275Copper (94 contracts, settlement date March 29, 2011)
    
    
    0.36
    
    
    
    1,927,650
    
    
    
    10,450,450Copper (94 contracts, settlement date May 26, 2011)
    
    
    0.39
    
    
    
    2,061,488
    
    
    
    10,432,825Copper (95 contracts, settlement date July 27, 2011)
    
    
    0.20
    
    
    
    1,078,225
    
    
    
    10,504,625Corn (330 contracts, settlement date March 14, 2011)
    
    
    0.36
    
    
    
    1,945,850
    
    
    
    10,378,500Corn (330 contracts, settlement date May 13, 2011)
    
    
    0.36
    
    
    
    1,927,875
    
    
    
    10,502,250Corn (330 contracts, settlement date July 14, 2011)
    
    
    0.20
    
    
    
    1,068,200
    
    
    
    10,560,000Cotton (154 contracts, settlement date March 09, 2011)
    
    
    0.43
    
    
    
    2,294,524
    
    
    
    11,150,370Cotton (151 contracts, settlement date May 06, 2011)
    
    
    0.34
    
    
    
    1,802,070
    
    
    
    10,389,555Cotton (152 contracts, settlement date July 07, 2011)
    
    
    0.12
    
    
    
    644,704
    
    
    
    9,826,800Florida Orange Juice (427 contracts, settlement date March 11, 2011)
    
    
    0.13
    
    
    
    699,810
    
    
    
    10,475,378Florida Orange Juice (422 contracts, settlement date May 10, 2011)
    
    
    0.06
    
    
    
    295,988
    
    
    
    10,450,830Florida Orange Juice (420 contracts, settlement date July 11, 2011)
    
    
    0.10
    
    
    
    537,300
    
    
    
    10,480,050Gold (74 contracts, settlement date February 24, 2011)
    
    
    0.17
    
    
    
    914,920
    
    
    
    10,518,360Gold (73 contracts, settlement date April 27, 2011)
    
    
    0.18
    
    
    
    970,160
    
    
    
    10,392,280Gold (73 contracts, settlement date June 28, 2011)
    
    
    0.05
    
    
    
    239,600
    
    
    
    10,407,610Heating Oil (58 contracts, settlement date January 31, 2011)
    
    
    0.13
    
    
    
    684,037
    
    
    
    6,193,286Heating Oil (58 contracts, settlement date February 28, 2011)
    
    
    0.13
    
    
    
    677,783
    
    
    
    6,208,146Heating Oil (59 contracts, settlement date March 31, 2011)
    
    
    0.14
    
    
    
    730,666
    
    
    
    6,305,023Heating Oil (59 contracts, settlement date April 29, 2011)
    
    
    0.07
    
    
    
    378,487
    
    
    
    6,295,111Heating Oil (59 contracts, settlement date May 31, 2011)
    
    
    0.07
    
    
    
    378,420
    
    
    
    6,302,793Lean Hogs (225 contracts, settlement date February 14, 2011)
    
    
    0.08
    
    
    
    405,900
    
    
    
    7,177,500Lean Hogs (225 contracts, settlement date April 14, 2011)
    
    
    0.09
    
    
    
    486,320
    
    
    
    7,548,750Lean Hogs (225 contracts, settlement date June 14, 2011)
    
    
    0.09
    
    
    
    457,720
    
    
    
    8,374,500Lean Hogs (226 contracts, settlement date July 15, 2011)
    
    
    0.08
    
    
    
    444,060
    
    
    
    8,357,480Light, Sweet Crude Oil (67 contracts, settlement date January 20, 2011)
    
    
    0.11
    
    
    
    605,960
    
    
    
    6,122,460Light, Sweet Crude Oil (68 contracts, settlement date February 22, 2011)
    
    
    0.12
    
    
    
    655,440
    
    
    
    6,270,960Light, Sweet Crude Oil (68 contracts, settlement date March 22, 2011)
    
    
    0.13
    
    
    
    710,820
    
    
    
    6,317,880Light, Sweet Crude Oil (68 contracts, settlement date April 19, 2011)
    
    
    0.07
    
    
    
    378,669
    
    
    
    6,351,880Light, Sweet Crude Oil (67 contracts, settlement date May 20, 2011)
    
    
    0.07
    
    
    
    387,900
    
    
    
    6,283,260Live Cattle (238 contracts, settlement date February 28, 2011)
    
    
    0.16
    
    
    
    842,540
    
    
    
    10,314,920Live Cattle (237 contracts, settlement date April 29, 2011)
    
    
    0.16
    
    
    
    840,320
    
    
    
    10,636,560Live Cattle (239 contracts, settlement date June 30, 2011)
    
    
    0.08
    
    
    
    448,240
    
    
    
    10,446,690Natural Gas (142 contracts, settlement date January 27, 2011)
    
    
    0.02
    
    
    
    125,030
    
    
    
    6,255,100Natural Gas (142 contracts, settlement date February 24, 2011)
    
    
    0.03
    
    
    
    184,880
    
    
    
    6,279,240Natural Gas (142 contracts, settlement date March 29, 2011)
    
    
    0.03
    
    
    
    185,310
    
    
    
    6,249,420Natural Gas (142 contracts, settlement date April 27, 2011)
    
    
    0.09
    
    
    
    484,577
    
    
    
    6,296,280Natural Gas (142 contracts, settlement date May 26, 2011)
    
    
    0.09
    
    
    
    463,960
    
    
    
    6,354,500Platinum (176 contracts, settlement date April 27, 2011)
    
    
    0.24
    
    
    
    1,277,895
    
    
    
    15,648,160Platinum (177 contracts, settlement date July 27, 2011)
    
    
    0.12
    
    
    
    628,240
    
    
    
    15,779,550Silver (68 contracts, settlement date March 29, 2011)
    
    
    0.52
    
    
    
    2,776,085
    
    
    
    10,518,580Silver (67 contracts, settlement date May 26, 2011)
    
    
    0.59
    
    
    
    3,152,680
    
    
    
    10,381,985Silver (67 contracts, settlement date July 27, 2011)
    
    
    0.23
    
    
    
    1,242,865
    
    
    
    10,398,400Soybean (148 contracts, settlement date March 14, 2011)
    
    
    0.38
    
    
    
    2,043,188
    
    
    
    10,382,200Soybean (149 contracts, settlement date May 13, 2011)
    
    
    0.40
    
    
    
    2,149,688
    
    
    
    10,497,050Soybean (149 contracts, settlement date July 14, 2011)
    
    
    0.15
    
    
    
    776,537
    
    
    
    10,515,675Sugar (320 contracts, settlement date February 28, 2011)
    
    
    0.38
    
    
    
    2,021,544
    
    
    
    11,511,808Sugar (320 contracts, settlement date April 29, 2011)
    
    
    0.33
    
    
    
    1,767,517
    
    
    
    10,508,288Sugar (321 contracts, settlement date June 30, 2011)
    
    
    0.26
    
    
    
    1,368,442
    
    
    
    9,419,424Wheat (256 contracts, settlement date March 14, 2011)
    
    
    0.12
    
    
    
    657,400
    
    
    
    10,166,400Wheat (258 contracts, settlement date May 13, 2011)
    
    
    0.17
    
    
    
    891,337
    
    
    
    10,587,675Wheat (257 contracts, settlement date July 14, 2011)
    
    
    0.16
    
    
    
    854,025
    
    
    
    10,691,200Net Unrealized Appreciation on Futures Contracts
    
    
    10.97
    %
    
    $
    58,639,682
    
    
    $
    533,765,262
 See accompanying notes to consolidated financial statements
 51




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Schedule of Investments
December 31, 2009
 Percentage of
    
    
    Fair
    
    
    FaceDescription
    
    Net Assets
    
    
    Value
    
    
    ValueU.S. Treasury ObligationsU.S. Treasury Bills, 0.01% due January 21, 2010
    
    
    23.97
    %
    
    $
    54,999,285
    
    
    $
    55,000,000U.S. Treasury Bills, 0.07% due March 25, 2010
    
    
    28.33
    
    
    
    64,993,240
    
    
    
    65,000,000Total United States Treasury Obligations (cost $119,990,308)
    
    
    52.30
    %
    
    $
    119,992,525
    
    
    $
    120,000,000
 Percentage of
    
    
    Fair
    
    
    NotionalDescription
    
    Net Assets
    
    
    Value
    
    
    ValueUnrealized Appreciation/(Depreciation) on Futures ContractsCocoa (136 contracts, settlement date March 16, 2010)
    
    
    0.07
    %
    
    $
    161,180
    
    
    $
    4,473,040Cocoa (137 contracts, settlement date May 13, 2010)
    
    
    0.08
    
    
    
    182,110
    
    
    
    4,534,700Cocoa (137 contracts, settlement date July 15, 2010)
    
    
    0.07
    
    
    
    154,330
    
    
    
    4,530,590Coffee (87 contracts, settlement date March 19, 2010)
    
    
    (0.02
    )
    
    
    (54,712
    )
    
    
    4,435,369Coffee (87 contracts, settlement date May 18, 2010)
    
    
    (0.02
    )
    
    
    (44,550
    )
    
    
    4,489,200Coffee (87 contracts, settlement date July 20, 2010)
    
    
    (0.00
    )*
    
    
    5,700
    
    
    
    4,536,506Copper (54 contracts, settlement date March 29, 2010)
    
    
    0.24
    
    
    
    548,875
    
    
    
    4,517,775Copper (54 contracts, settlement date May 26, 2010)
    
    
    0.25
    
    
    
    581,925
    
    
    
    4,536,675Copper (53 contracts, settlement date July 28, 2010)
    
    
    0.20
    
    
    
    449,350
    
    
    
    4,465,912Corn (212 contracts, settlement date March 12, 2010)
    
    
    0.21
    
    
    
    486,987
    
    
    
    4,393,700Corn (212 contracts, settlement date May 14, 2010)
    
    
    0.22
    
    
    
    503,862
    
    
    
    4,497,050Corn (212 contracts, settlement date July 14, 2010)
    
    
    0.04
    
    
    
    97,962
    
    
    
    4,589,800Cotton (118 contracts, settlement date March 09, 2010)
    
    
    0.21
    
    
    
    491,955
    
    
    
    4,460,400Cotton (117 contracts, settlement date May 06, 2010)
    
    
    0.21
    
    
    
    479,775
    
    
    
    4,480,515Cotton (118 contracts, settlement date July 08, 2010)
    
    
    0.07
    
    
    
    163,925
    
    
    
    4,541,820Florida Orange Juice (233 contracts, settlement date March 11, 2010)
    
    
    0.13
    
    
    
    292,253
    
    
    
    4,510,298Florida Orange Juice (236 contracts, settlement date May 10, 2010)
    
    
    0.29
    
    
    
    673,343
    
    
    
    4,699,350Florida Orange Juice (208 contracts, settlement date July 12, 2010)
    
    
    0.10
    
    
    
    220,958
    
    
    
    4,235,400Gold (41 contracts, settlement date February 24, 2010)
    
    
    0.11
    
    
    
    247,040
    
    
    
    4,494,420Gold (41 contracts, settlement date April 28, 2010)
    
    
    0.12
    
    
    
    285,440
    
    
    
    4,500,160Gold (41 contracts, settlement date June 28, 2010)
    
    
    (0.03
    )
    
    
    (73,280
    )
    
    
    4,505,080Heating Oil (31 contracts, settlement date January 29, 2010)
    
    
    0.08
    
    
    
    171,121
    
    
    
    2,754,511Heating Oil (30 contracts, settlement date February 26, 2010)
    
    
    0.07
    
    
    
    167,378
    
    
    
    2,673,594Heating Oil (30 contracts, settlement date March 31, 2010)
    
    
    0.07
    
    
    
    174,531
    
    
    
    2,679,138Heating Oil (30 contracts, settlement date April 30, 2010)
    
    
    0.03
    
    
    
    79,624
    
    
    
    2,686,194Heating Oil (30 contracts, settlement date May 28, 2010)
    
    
    0.03
    
    
    
    76,679
    
    
    
    2,694,132Lean Hogs (117 contracts, settlement date February 12, 2010)
    
    
    0.12
    
    
    
    279,190
    
    
    
    3,070,080Lean Hogs (117 contracts, settlement date April 15, 2010)
    
    
    0.10
    
    
    
    236,150
    
    
    
    3,270,150Lean Hogs (116 contracts, settlement date June 14, 2010)
    
    
    0.03
    
    
    
    81,640
    
    
    
    3,585,560Lean Hogs (117 contracts, settlement date July 15, 2010)
    
    
    0.02
    
    
    
    42,930
    
    
    
    3,561,480Light, Sweet Crude Oil (34 contracts, settlement date January 20, 2010)
    
    
    0.07
    
    
    
    165,770
    
    
    
    2,698,240Light, Sweet Crude Oil (34 contracts, settlement date February 22, 2010)
    
    
    0.07
    
    
    
    163,510
    
    
    
    2,720,680Light, Sweet Crude Oil (33 contracts, settlement date March 22, 2010)
    
    
    0.07
    
    
    
    153,050
    
    
    
    2,660,790Light, Sweet Crude Oil (33 contracts, settlement date April 20, 2010)
    
    
    0.02
    
    
    
    35,750
    
    
    
    2,676,630Light, Sweet Crude Oil (33 contracts, settlement date May 20, 2010)
    
    
    0.02
    
    
    
    35,980
    
    
    
    2,692,470Live Cattle (128 contracts, settlement date February 26, 2010)
    
    
    (0.00
    )*
    
    
    (2,580
    )
    
    
    4,412,160Live Cattle (128 contracts, settlement date April 30, 2010)
    
    
    0.03
    
    
    
    62,390
    
    
    
    4,597,760Live Cattle (128 contracts, settlement date June 30, 2010)
    
    
    0.07
    
    
    
    153,590
    
    
    
    4,491,520Natural Gas (49 contracts, settlement date January 27, 2010)
    
    
    0.04
    
    
    
    103,110
    
    
    
    2,730,280Natural Gas (49 contracts, settlement date February 24, 2010)
    
    
    0.03
    
    
    
    71,960
    
    
    
    2,710,680Natural Gas (48 contracts, settlement date March 29, 2010)
    
    
    0.03
    
    
    
    66,120
    
    
    
    2,642,400Natural Gas (48 contracts, settlement date April 28, 2010)
    
    
    0.11
    
    
    
    249,020
    
    
    
    2,661,600Natural Gas (48 contracts, settlement date May 26, 2010)
    
    
    0.11
    
    
    
    240,580
    
    
    
    2,695,200Platinum (91 contracts, settlement date April 28, 2010)
    
    
    0.24
    
    
    
    545,890
    
    
    
    6,693,050Platinum (92 contracts, settlement date July 28, 2010)
    
    
    0.17
    
    
    
    385,155
    
    
    
    6,785,000Silver (53 contracts, settlement date March 29, 2010)
    
    
    (0.01
    )
    
    
    (24,685
    )
    
    
    4,463,925Silver (53 contracts, settlement date May 26, 2010)
    
    
    0.02
    
    
    
    55,010
    
    
    
    4,469,490Silver (54 contracts, settlement date July 28, 2010)
    
    
    (0.06
    )
    
    
    (130,355
    )
    
    
    4,559,220Soybean (85 contracts, settlement date March 12, 2010)
    
    
    0.13
    
    
    
    303,288
    
    
    
    4,456,125Soybean (85 contracts, settlement date May 14, 2010)
    
    
    0.15
    
    
    
    340,100
    
    
    
    4,478,438Soybean (86 contracts, settlement date July 14, 2010)
    
    
    0.09
    
    
    
    198,900
    
    
    
    4,554,775Sugar (160 contracts, settlement date February 26, 2010)
    
    
    0.28
    
    
    
    638,098
    
    
    
    4,829,440Sugar (161 contracts, settlement date April 30, 2010)
    
    
    0.23
    
    
    
    522,222
    
    
    
    4,549,474Sugar (161 contracts, settlement date June 30, 2010)
    
    
    0.19
    
    
    
    423,725
    
    
    
    4,150,966Wheat (162 contracts, settlement date March 12, 2010)
    
    
    0.12
    
    
    
    268,175
    
    
    
    4,386,150Wheat (162 contracts, settlement date May 14, 2010)
    
    
    0.11
    
    
    
    263,200
    
    
    
    4,495,500Wheat (162 contracts, settlement date July 14, 2010)
    
    
    (0.03
    )
    
    
    (70,413
    )
    
    
    4,584,600Net Unrealized Appreciation on Futures Contracts
    
    
    5.40
    %
    
    $
    12,380,231
    
    
    $
    229,249,162
 
 *
    
    Denotes greater than (0.005)% yet less than 0.000% See accompanying notes to consolidated financial statements
 52




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statements of Income and Expenses
For the Years Ended December 31, 2010, 2009, and 2008
 2010
    
    
    2009
    
    
    2008IncomeInterest Income
    
    $
    301,808
    
    
    $
    126,329
    
    
    $
    338,455ExpensesManagement fee to related party
    
    
    2,523,863
    
    
    
    1,018,526
    
    
    
    188,888Brokerage commissions and fees
    
    
    712,620
    
    
    
    287,584
    
    
    
    54,945Total expenses
    
    
    3,236,483
    
    
    
    1,306,110
    
    
    
    243,833Net Investment Income (Loss)
    
    
    (2,934,675
    )
    
    
    (1,179,781
    )
    
    
    94,622Realized and Net Change in Unrealized Gain (Loss) on
Investments and Futures ContractsRealized Gain (Loss) onInvestments
    
    
    (403
    )
    
    
    397
    
    
    
    2,725Futures Contracts
    
    
    43,285,484
    
    
    
    12,851,212
    
    
    
    (5,219,696
    )Net Realized Gain (Loss)
    
    
    43,285,081
    
    
    
    12,851,609
    
    
    
    (5,216,971
    )Net Change in Unrealized Gain (Loss) onInvestments
    
    
    18,076
    
    
    
    748
    
    
    
    1,469Futures Contracts
    
    
    46,259,451
    
    
    
    14,260,521
    
    
    
    (1,880,290
    )Net Change in Unrealized Gain (Loss)
    
    
    46,277,527
    
    
    
    14,261,269
    
    
    
    (1,878,821
    )Net Realized and Unrealized Gain (Loss) on Investments
and Future Contracts
    
    
    89,562,608
    
    
    
    27,112,878
    
    
    
    (7,095,792
    )Net Gain (Loss)
    
    $
    86,627,933
    
    
    $
    25,933,097
    
    
    $
    (7,001,170
    )
 See accompanying notes to consolidated financial statements
 53




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statements of Changes in Shareholders Equity
For the Year Ended December 31, 2010
 General Units
    
    
    Limited Units
    
    
    TotalTotal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    TotalGeneral
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Limited
    
    
    TotalGeneral Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    Limited Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    ShareholdersUnits
    
    
    Amount
    
    
    Deficit
    
    
    Equity
    
    
    Units
    
    
    Amount
    
    
    Earnings
    
    
    Equity
    
    
    EquityBalance at January 1, 2010
    
    
    50
    
    
    $
    1,500
    
    
    $
    (189
    )
    
    $
    1,311
    
    
    
    8,750,000
    
    
    $
    210,500,911
    
    
    $
    18,932,116
    
    
    $
    229,433,027
    
    
    $
    229,434,338Creation of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    9,200,000
    
    
    
    262,051,675
    
    
    
    
    
    
    
    262,051,675
    
    
    
    262,051,675Redemption of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,700,000
    )
    
    
    (43,750,891
    )
    
    
    
    
    
    
    (43,750,891
    )
    
    
    (43,750,891
    )Net gain:Net investment loss
    
    
    
    
    
    
    
    
    
    
    (15
    )
    
    
    (15
    )
    
    
    
    
    
    
    
    
    
    
    (2,934,660
    )
    
    
    (2,934,660
    )
    
    
    (2,934,675
    )Net realized gain on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    165
    
    
    
    165
    
    
    
    
    
    
    
    
    
    
    
    43,284,916
    
    
    
    43,284,916
    
    
    
    43,285,081Net change
in unrealized gain on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    183
    
    
    
    183
    
    
    
    
    
    
    
    
    
    
    
    46,277,344
    
    
    
    46,277,344
    
    
    
    46,277,527Net gain
    
    
    
    
    
    
    
    
    
    
    333
    
    
    
    333
    
    
    
    
    
    
    
    
    
    
    
    86,627,600
    
    
    
    86,627,600
    
    
    
    86,627,933Balance
at December 31, 2010
    
    
    50
    
    
    $
    1,500
    
    
    $
    144
    
    
    $
    1,644
    
    
    
    16,250,000
    
    
    $
    428,801,695
    
    
    $
    105,559,716
    
    
    $
    534,361,411
    
    
    $
    534,363,055
 See accompanying notes to consolidated financial statements
 54




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statement of Changes in Shareholders Equity
For the Year Ended December 31, 2009
 General Units
    
    
    Limited Units
    
    
    TotalTotal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    TotalGeneral
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Limited
    
    
    TotalGeneral Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    Limited Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    ShareholdersUnits
    
    
    Amount
    
    
    Deficit
    
    
    Equity
    
    
    Units
    
    
    Amount
    
    
    Earnings
    
    
    Equity
    
    
    EquityBalance at January 1, 2009
    
    
    50
    
    
    $
    1,500
    
    
    $
    (404
    )
    
    $
    1,096
    
    
    
    800,000
    
    
    $
    24,539,494
    
    
    $
    (7,000,766
    )
    
    $
    17,538,728
    
    
    $
    17,539,824Creation of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    11,000,000
    
    
    
    260,518,098
    
    
    
    
    
    
    
    260,518,098
    
    
    
    260,518,098Redemption of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,050,000
    )
    
    
    (74,556,681
    )
    
    
    
    
    
    
    (74,556,681
    )
    
    
    (74,556,681
    )Net gain:Net investment loss
    
    
    
    
    
    
    
    
    
    
    (14
    )
    
    
    (14
    )
    
    
    
    
    
    
    
    
    
    
    (1,179,767
    )
    
    
    (1,179,767
    )
    
    
    (1,179,781
    )Net realized gain (loss) on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    (2
    )
    
    
    (2
    )
    
    
    
    
    
    
    
    
    
    
    12,851,611
    
    
    
    12,851,611
    
    
    
    12,851,609Net change in unrealized gain on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    231
    
    
    
    231
    
    
    
    
    
    
    
    
    
    
    
    14,261,038
    
    
    
    14,261,038
    
    
    
    14,261,269Net gain
    
    
    
    
    
    
    
    
    
    
    215
    
    
    
    215
    
    
    
    
    
    
    
    
    
    
    
    25,932,882
    
    
    
    25,932,882
    
    
    
    25,933,097Balance at December 31, 2009
    
    
    50
    
    
    $
    1,500
    
    
    $
    (189
    )
    
    $
    1,311
    
    
    
    8,750,000
    
    
    $
    210,500,911
    
    
    $
    18,932,116
    
    
    $
    229,433,027
    
    
    $
    229,434,338
 See accompanying notes to consolidated financial statements
 55




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statement of Changes in Shareholders Equity
For the Year Ended December 31, 2008
 General Units
    
    
    Limited Units
    
    
    TotalTotal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    TotalGeneral
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Limited
    
    
    TotalGeneral Units
    
    
    Accumulated
    
    
    Subscription
    
    
    Shareholders
    
    
    Limited Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    ShareholdersUnits
    
    
    Amount
    
    
    Deficit
    
    
    Receivable
    
    
    Equity
    
    
    Units
    
    
    Amount
    
    
    Deficit
    
    
    Equity
    
    
    EquityBalance at January 1, 2008
    
    
    50
    
    
    $
    1,500
    
    
    $
    
    
    
    $
    (1,500
    )
    
    $
    
    
    
    
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Collection of Subscription receivable
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,500
    
    
    
    1,500
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,500Creation of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,550,000
    
    
    
    49,787,546
    
    
    
    
    
    
    
    49,787,546
    
    
    
    49,787,546Redemption of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (750,000
    )
    
    
    (25,248,052
    )
    
    
    
    
    
    
    (25,248,052
    )
    
    
    (25,248,052
    )Net loss:Net investment income
    
    
    
    
    
    
    
    
    
    
    6
    
    
    
    
    
    
    
    6
    
    
    
    
    
    
    
    
    
    
    
    94,616
    
    
    
    94,616
    
    
    
    94,622Net realized loss on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    (359
    )
    
    
    
    
    
    
    (359
    )
    
    
    
    
    
    
    
    
    
    
    (5,216,612
    )
    
    
    (5,216,612
    )
    
    
    (5,216,971
    )Net change in unrealized loss on Investments and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    (51
    )
    
    
    
    
    
    
    (51
    )
    
    
    
    
    
    
    
    
    
    
    (1,878,770
    )
    
    
    (1,878,770
    )
    
    
    (1,878,821
    )Net loss:
    
    
    
    
    
    
    
    
    
    
    (404
    )
    
    
    
    
    
    
    (404
    )
    
    
    
    
    
    
    
    
    
    
    (7,000,766
    )
    
    
    (7,000,766
    )
    
    
    (7,001,170
    )Balance
at December 31, 2008
    
    
    50
    
    
    $
    1,500
    
    
    $
    (404
    )
    
    $
    
    
    
    $
    1,096
    
    
    
    800,000
    
    
    $
    24,539,494
    
    
    $
    (7,000,766
    )
    
    $
    17,538,728
    
    
    $
    17,539,824
 See accompanying notes to consolidated financial statements
 56




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Consolidated Statements of Cash Flows
For the Years Ended December 31, 2010, 2009, and 2008
 2010
    
    
    2009
    
    
    2008Cash flow from operating activities:Net Gain (Loss)
    
    $
    86,627,933
    
    
    $
    25,933,097
    
    
    $
    (7,001,170
    )Adjustments to reconcile net (loss) gain to net cash used for operating activities:Purchase of investment securities
    
    
    (1,159,625,357
    )
    
    
    (604,867,964
    )
    
    
    (101,741,449
    )Proceeds from sales of investment securities
    
    
    809,997,503
    
    
    
    489,996,097
    
    
    
    97,065,528Net accretion of discount and amortization of premium
    
    
    (301,808
    )
    
    
    (119,648
    )
    
    
    (319,750
    )Net realized loss (gain) on investment securities
    
    
    403
    
    
    
    (397
    )
    
    
    (2,725
    )Unrealized (appreciation) depreciation on investments
    
    
    (46,277,527
    )
    
    
    (14,261,269
    )
    
    
    1,878,821(Increase) decrease in capital shares receivable and other assets (*)
    
    
    
    
    
    
    1,099,695
    
    
    
    (1,099,695
    )Increase in accrued expenses
    
    
    515,001
    
    
    
    177,929
    
    
    
    11,076Net cash used for operating activities
    
    
    (309,063,852
    )
    
    
    (102,042,460
    )
    
    
    (11,209,364
    )Cash flows from financing activities:Subscription receivable
    
    
    
    
    
    
    
    
    
    
    1,500Proceeds from creation of Limited Units
    
    
    262,051,675
    
    
    
    260,518,098
    
    
    
    49,787,546Redemption of Limited Units
    
    
    (43,750,891
    )
    
    
    (74,556,681
    )
    
    
    (25,248,052
    )Net cash provided by financing activities
    
    
    218,300,784
    
    
    
    185,961,417
    
    
    
    24,540,994Net change in cash
    
    
    (90,763,068
    )
    
    
    83,918,957
    
    
    
    13,331,630Cash held by broker at beginning of period
    
    
    97,250,587
    
    
    
    13,331,630
    
    
    
    Cash held by broker at end of period
    
    $
    6,487,519
    
    
    $
    97,250,587
    
    
    $
    13,331,630
 See accompanying notes to consolidated financial statements
 57




---



##### Table of Contents



GreenHaven Continuous Commodity Index Fund
 
 Notes to Consolidated Financial Statements
Years Ended December 31, 2010, 2009, and 2008
 (1) Organization
       (2) Service Providers and Related Party Agreements
    58




---



##### Table of Contents



(3) Summary of Significant Accounting Policies
 (a) Use of Estimates
  (b) Cash Held by Broker
  (c) United States Treasury Obligations
  (d) Income Taxes
  59




---



##### Table of Contents



(e) Futures Contracts
   (f) Basis of Presentation and Consolidation
  (g) Recently Issued Accounting Pronouncements
  (h) Subsequent Events
  (4) Fair Value Measurements
  60




---



##### Table of Contents



OtherQuoted Prices in
    
    Significant
    
    SignificantActive Market
    
    Observable
    
    UnobservableAssets
    
    (Level 1)
    
    Inputs (Level 2)
    
    Inputs (Level 3)
    
    TotalsU.S. Treasuries
    
    $
    
    
    
    $
    469,939,860
    
    
    $
    
    
    
    $
    469,939,860Futures Contracts
    
    
    58,639,682
    
    
    
    
    
    
    
    
    
    
    
    58,639,682Total
    
    $
    58,639,682
    
    
    $
    469,939,860
    
    
    $
    
    
    
    $
    528,579,542OtherQuoted Prices in
    
    Significant
    
    SignificantActive Market
    
    Observable
    
    UnobservableLiabilities
    
    (Level 1)
    
    Inputs (Level 2)
    
    Inputs (Level 3)
    
    TotalsFutures Contracts
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Total
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
  OtherQuoted Prices in
    
    Significant
    
    SignificantActive Market
    
    Observable
    
    UnobservableAssets
    
    (Level 1)
    
    Inputs (Level 2)
    
    Inputs (Level 3)
    
    TotalsU.S. Treasuries
    
    $
    
    
    
    $
    119,992,525
    
    
    $
    
    
    
    $
    119,992,525Futures Contracts
    
    
    12,380,231
    
    
    
    
    
    
    
    
    
    
    
    12,380,231Total
    
    $
    12,380,231
    
    
    $
    119,992,525
    
    
    $
    
    
    
    $
    132,372,756OtherQuoted Prices in
    
    Significant
    
    SignificantActive Market
    
    Observable
    
    UnobservableLiabilities
    
    (Level 1)
    
    Inputs (Level 2)
    
    Inputs (Level 3)
    
    TotalsFutures Contracts
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Total
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
 (5) Derivative Instruments and Hedging Activities
   61




---



##### Table of Contents



Derivative Instruments
    
    Asset Derivatives*
    
    Liability Derivatives*
    
    Net Derivatives*Futures Contracts
    
    $
    58,639,682
    
    
    $
    
    
    
    $
    58,639,682
 
 *
    
    Fair values of derivative instruments include variation margin receivable for futures contracts.  Realized Gain on
    
    Net Change in Unrealized GainDerivative Instruments
    
    Derivative Instruments
    
    on Derivative InstrumentsFutures Contracts
    
    $
    43,285,484
    
    
    $
    46,259,451
  Derivative Instruments
    
    Asset Derivatives*
    
    Liability Derivatives*
    
    Net Derivatives*Futures Contracts
    
    $
    12,380,231
    
    
    $
    
    
    
    $
    12,380,231
 
 *
    
    Fair values of derivative instruments include variation margin receivable/payable for futures
contracts.  Realized Loss on
    
    Net Change in Unrealized GainDerivative Instruments
    
    Derivative Instruments
    
    on Derivative InstrumentsFutures Contracts
    
    $
    12,851,212
    
    
    $
    14,260,521
  Realized Gain on
    
    Net Change in Unrealized GainDerivative Instruments
    
    Derivative Instruments
    
    on Derivative InstrumentsFutures Contracts
    
    $
    (5,219,696
    )
    
    $
    (1,880,290
    )
 (6) Financial Instrument Risk
     (7) Share Purchases and Redemptions
 62




---



##### Table of Contents



(a) Purchases
  (b) Redemptions
      (8) Operating Expenses
 (a) Management Fee
  63




---



##### Table of Contents



(b) Organization and Offering Expenses
  (c) Brokerage Commissions and Fees
  (d) Extraordinary Fees and Expenses
  (e) Routine Operational, Administrative and Other Ordinary Expenses
  (9) Termination
   (i)
    
    The filing of a certificate of dissolution or revocation of the Managing
Owners charter (and the expiration of ninety (90) days after the date of notice to the
Managing Owner of revocation without a reinstatement of its charter) or upon the
withdrawal, removal, adjudication or admission of bankruptcy or insolvency of the
Managing Owner, or an event of withdrawal unless (i) at the time there is at least one
remaining Managing Owner and that remaining Managing Owner carries on the business of
the Fund or (ii) within ninety (90) days of such event of withdrawal all the remaining
Shareholders agree in writing to continue the business of the Fund and to select,
effective as of the date of such event, one or more successor Managing Owners. If the
Fund is terminated as the result of an event of withdrawal and a failure of all
remaining Shareholders to continue the business of the Fund and to appoint a successor
Managing Owner as provided above within one hundred and twenty (120) days of such event
of withdrawal, Shareholders holding Shares representing at least seventy-five percent
(75%) of the net asset value (not including Shares held by the Managing Owner and its
affiliates) may elect to continue the business of the Fund by forming a new statutory
trust, or reconstituted trust, on the same terms and provisions as set forth in the
Trust Declaration. Any such election must also provide for the election of a Managing
Owner to the reconstituted trust. If such an election is
 64




---



##### Table of Contents



made, all Shareholders of the
Fund shall be bound thereby and continue as Shareholders of the reconstituted trust.(ii)
    
    The occurrence of any event which would make unlawful the continued existence
of the Fund.(iii)
    
    In the event of the suspension, revocation or termination of the Managing
Owners registration as a commodity pool operator, or membership as a commodity pool
operator with the NFA (if, in either case, such registration is required at such time
unless at the time there is at least one remaining Managing Owner whose registration or
membership has not been suspended, revoked or terminated).(iv)
    
    The Fund becomes insolvent or bankrupt.(v)
    
    The Shareholders holding Shares representing at least seventy-five percent
(75%) of the Net Asset Value (which excludes the Shares of the Managing Owner) vote to
dissolve the Fund, notice of which is sent to the Managing Owner not less than ninety
(90) Business Days prior to the effective date of termination.(vi)
    
    The determination of the Managing Owner that the aggregate net assets of the
Fund in relation to the operating expenses of the Fund make it unreasonable or
imprudent to continue the business of the Fund.(vii)
    
    The Fund becoming required to be registered as an investment company under the
Investment Company Act of 1940.(viii)
    
    DTC is unable or unwilling to continue to perform its functions, and a comparable
replacement is unavailable.
 (10) Profit and Loss Allocations and Distributions
  (11) Net Asset Value and Financial Highlights
  Year Ended
    
    
    Year Ended
    
    
    Year EndedDecember 31, 2010
    
    
    December 31, 2009
    
    
    December 31, 2008 (iii)Net Asset ValueNet asset value per Limited
Share, beginning of period
    
    $
    26.22
    
    
    $
    21.92
    
    
    $
    30.00Net realized and change in
unrealized gain (loss) from
investments and futures
    
    
    6.93
    
    
    
    4.53
    
    
    
    (8.20
    )Net investment income (loss)
    
    
    (0.27
    )
    
    
    (0.23
    )
    
    
    0.12
 65




---



##### Table of Contents



Year Ended
    
    
    Year Ended
    
    
    Year EndedDecember 31, 2010
    
    
    December 31, 2009
    
    
    December 31, 2008 (iii)Net increase (decrease) in net
assets from operations
    
    
    6.66
    
    
    
    4.30
    
    
    
    (8.08
    )Net asset value per Limited
Share, end of period
    
    $
    32.88
    
    
    $
    26.22
    
    
    $
    21.92Market value per Limited
Share, beginning of period
    
    
    26.32
    
    
    
    21.92
    
    
    
    30.00Market value per Limited
Share, end of period
    
    $
    32.95
    
    
    $
    26.32
    
    
    $
    21.92Ratio to average net assets (i)Net investment loss
    
    
    (0.98
    )%
    
    
    (0.98
    )%
    
    
    0.43
    %Total expenses
    
    
    1.09
    %
    
    
    1.08
    %
    
    
    1.10
    %Total Return, at net asset
value (ii)
    
    
    25.40
    %
    
    
    19.62
    %
    
    (26.90
    )% (iv)Total Return, at market value
(ii)
    
    
    25.19
    %
    
    
    20.07
    %
    
    (26.90
    )% (iv)
 
 (i)
    
    Percentages are annualized.(ii)
    
    Percentages are not annualized.(iii)
    
    Reflects operating results since January 23, 2008, the date of commencement of investment
operations.(iv)
    
    Percentages are calculated for the period January 23, 2008 to December 31, 2008 based on
initial offering price upon commencement of investment operations of $30.00. 66




---



##### Table of Contents



ITEM 9.
    
    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE
  
 ITEM 9A. CONTROLS AND PROCEDURES
 Disclosure controls and procedures
  Internal control over financial reporting
  Internal Control Integrated Framework
   67




---



##### Table of Contents



Internal Control  Integrated
Framework
    Internal Control  Integrated Framework
   
 68




---



##### Table of Contents



ITEM 9B. OTHER INFORMATION
  69




---



##### Table of Contents



PART III
 
 ITEM 10. MANAGERS AND EXECUTIVE OFFICERS OF THE REGISTRANT
   Name
    
    Age
    
    PositionAshmead Pringle
    
    
    64
    
    
    Chief Executive Officer and Member of the Board of DirectorsThomas Fernandes
    
    
    37
    
    
    Chief Financial Officer and Member of the Board of DirectorsMichael Loungo
    
    
    39
    
    
    Independent Director, Audit Committee MemberMarcus Bensman
    
    
    37
    
    
    Independent Director, Audit Committee MemberEdward ONeil
    
    
    63
    
    
    Independent Director, Audit Committee Member
  Principals and Key Employees.
 Ashmead Pringle, 64, President
  Thomas Fernandes, 37, Treasurer and Manager of Operations
  Cooper Anderson, 31, Trader
 ®
 Scott Glasing, 48. Trader
  70




---



##### Table of Contents



Michael Loungo
 Marcus Bensman
 Edward ONeil
 Audit Committee
   Other Committees
  Code of Ethics
 71




---



##### Table of Contents



ITEM 11. EXECUTIVE COMPENSATION
 Executive Compensation
 1 12
 
 ITEM 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS
  Amount and Nature ofTitle of Class
    
    Name and Address of Beneficial Owner
    
    Beneficial Ownership
    
    Percent of ClassGeneral Shares
    
    GreenHaven Commodity Services LLC
c/o GreenHaven Commodity Services LLC
3340 Peachtree Rd, Suite 1910
Atlanta, GA 30326
    
    50 shares
    
    
    100
    %
  
 ITEM 13.
    
    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE
  Change inPensionValue andFees
    
    
    
    
    
    
    
    
    
    
    
    
    
    NonqualifiedEarned or
    
    
    
    
    
    
    
    
    
    Non-Equity
    
    DeferredPaid in
    
    Stock
    
    Option
    
    Incentive Plan
    
    Compensation
    
    All OtherName
    
    Cash
    
    Awards
    
    Awards
    
    Compensation
    
    Plan
    
    Compensation(1)
    
    TotalIndependent DirectorsMichael Loungo
    
    $
    13,500
    
    
    NA
    
    NA
    
    NA
    
    $NA
    
    $NA
    
    $
    13,500Edward ONeil
    
    $
    7,500
    
    
    NA
    
    NA
    
    NA
    
    $NA
    
    $NA
    
    $
    7,500Marcus Bensman
    
    $
    7,500
    
    
    NA
    
    NA
    
    NA
    
    $NA
    
    $NA
    
    $
    7,500
 72




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##### Table of Contents



ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
 Audit and Non-Audit Fees
  Fiscal Year Ended
    
    
    Fiscal Year Ended
    
    
    Fiscal Year EndedDecember 31, 2010
    
    
    December 31, 2009
    
    
    December 31, 2008Audit Fees
    
    $
    157,850
    
    
    $
    152,810
    
    
    $
    130,218Audit-Related FeesTax FeesAll Other FeesTotal
    
    $
    157,850
    
    
    $
    152,810
    
    
    $
    130,218
 Approval of Independent Registered Public Accounting Firm Services and Fees
  
 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 (a)(1) Financial Statements
  (a)(2) Financial Statement Schedules
  (a)(3) Exhibits
 EXHIBIT NO.
    
    DESCRIPTION4.1
    
    Amended Declaration of Trust and Trust Agreement of the Registrant14.2
    
    Amended Declaration of Trust and Trust Agreement of the Co-Registrant14.3
    
    Form of Participant Agreement210.1
    
    Form of Escrow Agreement310.2
    
    Form of Global Custody Agreement310.3
    
    Form of Administration Agreement410.4
    
    Form of Transfer Agency and Service Agreement310.5
    
    Form of Distribution Services Agreement4
 
 1
    
    Previously filed as an exhibit to Form S-1 on
November 3, 2006 and incorporated herein by reference.2
    
    Previously filed as an exhibit to
Pre-Effective Amendment No. 3 to Form S-1 on October 2, 2007 and incorporated
herein by reference.3
    
    Previously filed as an exhibit to
Pre-Effective Amendment No. 2 to Form S-1 on August 1, 2007 and incorporated
herein by reference.4
    
    Previously filed as an exhibit to Form 8-K on
January 14, 2008 and incorporated herein by reference. 73




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##### Table of Contents



EXHIBIT NO.
    
    DESCRIPTION10.6
    
    Marketing Agreement with ALPS Distributors, Inc410.7
    
    License Agreement110.9
    
    Addendum to License Agreement510.10
    
    Addendum to License Agreement610.11
    
    Addendum to License Agreement710.12
    
    Amendment to Marketing Services Agreement810.13
    
    Amendment to Marketing Services Agreement910.14
    
    Amendment to Marketing Services Agreement1010.15
    
    Amendment to Distribution Agreement923.3
    
    Consent of Independent Registered Public Accounting Firm31.1
    
    Certificate Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
(filed herewith)31.2
    
    Certificate Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
(filed herewith)32.1
    
    Certificate Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section
906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)32.2
    
    Certificate Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section
906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)99.1
    
    Prospectus filed by the registrant on January
3, 2011 pursuant to Rule 424(b)(3) of the Securities
Act (File No.333-158733)
 
 5
    
    Previously filed as an exhibit to Form 8-K on
March 6, 2009 and incorporated herein by reference.6
    
    Previously filed as an exhibit to Form 8-K on
October 1, 2009 and incorporated herein by reference.7
    
    Previously filed as an exhibit to Form 8-K on
October 14, 2009 and incorporated herein by reference.8
    
    Previously filed as an exhibit to Form 8-K on
May 1, 2009 and incorporated herein by reference.9
    
    Previously filed as an exhibit to Form 8-K on
May 19, 2009 and incorporated herein by reference.10
    
    Previously filed as an exhibit to Form 8-K
on August 16, 2010 and incorporated herein by reference. 74




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##### Table of Contents



SIGNATURES
  GreenHaven Continuous Commodity Index FundBy:
    
    GreenHaven Commodity Services LLC,its Managing OwnerBy:
Name:
    
    /s/ Ashmead Pringle

Ashmead PringleTitle:
    
    Director and Chief Executive OfficerDated: March 14, 2011
    
    By:
    
    /s/ Thomas J. FernandesName:
Title:
    
    Thomas J. Fernandes
Chief Operating Officer (principal
financial officer)
 75