Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2022

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:

	June 30, 2022				December 31, 2021
Risk Exposure/Derivative Type (a)	Assets		Liabilities		Assets		Liabilities
Currency risk
Currency Futures Contracts	$	30,015,687	$	—	$	—	$	(4,284,830	)

^(a) Includes cumulative appreciation (depreciation) of currency futures contracts. Only the current day’s variation margin receivable (payable) is reported in the June 30, 2022 and December 31, 2021 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	June 30,
Risk Exposure/Derivative Type	Recognized in Income	2022		2021
Currency risk
Currency Futures Contracts	Net Realized Gain (Loss)	$	38,767,100	$	(6,643,197	)
	Net Change in Unrealized Gain (Loss)		32,115,390		4,687,145
Total		$	70,882,490	$	(1,956,052	)

		For the Six Months Ended
	Location of Gain (Loss) on Derivatives	June 30,
Risk Exposure/Derivative Type	Recognized in Income	2022		2021
Currency risk
Currency Futures Contracts	Net Realized Gain (Loss)	$	61,560,278	$	(3,541,320	)
	Net Change in Unrealized Gain (Loss)		34,300,517		14,584,109
Total		$	95,860,795	$	11,042,789

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				For the Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Average Notional Value - Long	$	1,376,440,071	$	388,274,250	$	1,115,611,156	$	380,764,290