Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2023

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:

	March 31, 2023					December 31, 2022
Risk Exposure/Derivative Type (a)	Assets		Liabilities			Assets		Liabilities
Currency risk
Currency Futures Contracts	$	—	$	(32,013,149	)	$	—	$	(7,688,710	)

(a)Includes cumulative appreciation (depreciation) of currency futures contracts. Only the current day’s variation margin receivable (payable) is reported in the March 31, 2023 and December 31, 2022 Statements of Financial Condition.

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

		For the Three Months Ended
	Location of Gain (Loss) on Derivatives	March 31,
Risk Exposure/Derivative Type	Recognized in Income	2023			2022
Currency risk
Currency Futures Contracts	Net Realized Gain (Loss)	$	15,903,983		$	22,793,178
	Net Change in Unrealized Gain (Loss)		(24,324,439	)		2,185,127
Total		$	(8,420,456	)	$	24,978,305

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 Three Months Ended
	March 31,
	2023		2022
Average Notional Value - Long	$	1,379,730,565	$	819,099,143