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Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments and Effect of Derivative Instruments on Statements of Income and Expenses

The Fair Value of Derivative Instruments is as follows:


		December 31, 2025								December 31, 2024
Risk Exposure/Derivative Type (a)		Assets				Liabilities				Assets				Liabilities
Currency risk
Currency Futures Contracts		$	503,597			$	—			$	—			$	(929,793	)

(a)

Includes cumulative appreciation (depreciation) of currency futures contracts. Only the current day’s variation margin receivable (payable) is reported in the Statements of Financial Condition.

The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:


			For the Year Ended
	Location of Gain (Loss) on Derivatives		December 31,
Risk Exposure/Derivative Type	Recognized in Income		2025				2024				2023
Currency risk
Currency Futures Contracts	Net Realized Gain (Loss)		$	3,449,038			$	(4,140,319	)		$	(1,410,333	)
	Net Change in Unrealized Gain (Loss)			1,433,390				(1,912,672	)			526,671
Total			$	4,882,428			$	(6,052,991	)		$	(883,662	)

Summary of Average Monthly Notional Value of Future Contracts Outstanding

The table below summarizes the average monthly notional value of futures contracts outstanding during the period:


	For the Year Ended
	December 31,
	2025				2024				2023
Average Notional Value	$	(117,615,725	)		$	(59,979,180	)		$	(76,995,074	)