Campbell Fund Trust 10-Q13 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2024 shares
Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Document Transition Report	false
Entity File Number	000-50264
Entity Registrant Name	CAMPBELL FUND TRUST
Entity Central Index Key	0001043951
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-6260018
Entity Address, Address Line One	2850 Quarry Lake Drive
Entity Address, City or Town	Baltimore
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21209
City Area Code	410
Local Phone Number	413-2600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Series A [Member]
Entity Information [Abstract]
Entity Common Stock, Shares Outstanding	96,666.924
Series B [Member]
Entity Information [Abstract]
Entity Common Stock, Shares Outstanding	8,663.896
Series D [Member]
Entity Information [Abstract]
Entity Common Stock, Shares Outstanding	19,803.759
Series W [Member]
Entity Information [Abstract]
Entity Common Stock, Shares Outstanding	11,187.341

CONDENSED SCHEDULE OF INVESTMEN

CONDENSED SCHEDULE OF INVESTMENTS - USD ($)		Jun. 30, 2024		Dec. 31, 2023
Schedule of Investments
Short term investments		$ 27,389		$ 514,524
Net unrealized gain (loss) on open futures contracts		12,691,481		(10,071,795)
Fixed Income Securities [Member]
Schedule of Investments
Investment		$ 360,022,840	[1]	$ 330,758,807	[2]
% of Net Asset Value		69.49%		66.58%
Asset Backed Securities [Member]
Schedule of Investments
Investment		$ 26,181,026		$ 26,771,617
% of Net Asset Value		5.05%		5.40%
Asset Backed Securities [Member] \| United States [Member] \| Auto Loans [Member]
Schedule of Investments
Investment		$ 22,391,435		$ 21,031,868
% of Net Asset Value		4.32%		4.24%
Asset Backed Securities [Member] \| United States [Member] \| Equipment Loans [Member]
Schedule of Investments
Investment		$ 3,789,591		$ 5,739,749
% of Net Asset Value		0.73%		1.16%
Bank Deposits [Member]
Schedule of Investments
Investment		$ 9,102,144		$ 7,794,841
% of Net Asset Value		1.76%		1.57%
Bank Deposits [Member] \| France [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 2,690,646		$ 2,695,966
% of Net Asset Value		0.52%		0.54%
Bank Deposits [Member] \| United States [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 6,411,498		$ 5,098,875
% of Net Asset Value		1.24%		1.03%
Commercial Paper [Member]
Schedule of Investments
Investment		$ 153,657,463		$ 147,861,320
% of Net Asset Value		29.66%		29.76%
Commercial Paper [Member] \| Canada [Member] \| Materials [Member]
Schedule of Investments
Investment		$ 5,234,779		$ 5,069,414
% of Net Asset Value		1.01%		1.02%
Commercial Paper [Member] \| France [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 2,746,911
% of Net Asset Value		0.53%
Commercial Paper [Member] \| United Kingdom [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 2,446,778		$ 7,752,957
% of Net Asset Value		0.47%		1.56%
Commercial Paper [Member] \| United States [Member]
Schedule of Investments
Investment		$ 143,228,995		$ 135,038,949
% of Net Asset Value		27.65%		27.18%
Commercial Paper [Member] \| United States [Member] \| Communications [Member]
Schedule of Investments
Investment		$ 5,815,412		$ 5,694,636
% of Net Asset Value		1.12%		1.15%
Commercial Paper [Member] \| United States [Member] \| Consumer Discretionary [Member]
Schedule of Investments
Investment		$ 19,452,817		$ 7,009,329
% of Net Asset Value		3.75%		1.41%
Commercial Paper [Member] \| United States [Member] \| Consumer Staples [Member]
Schedule of Investments
Investment		$ 13,706,794
% of Net Asset Value		2.65%
Commercial Paper [Member] \| United States [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 53,803,350		$ 49,166,754
% of Net Asset Value		10.39%		9.89%
Commercial Paper [Member] \| United States [Member] \| Health Care [Member]
Schedule of Investments
Investment		$ 2,994,477		$ 6,562,128
% of Net Asset Value		0.58%		1.32%
Commercial Paper [Member] \| United States [Member] \| Industrials [Member]
Schedule of Investments
Investment		$ 5,367,142
% of Net Asset Value		1.04%
Commercial Paper [Member] \| United States [Member] \| Materials [Member]
Schedule of Investments
Investment		$ 7,901,246
% of Net Asset Value		1.53%
Commercial Paper [Member] \| United States [Member] \| Real Estate [Member]
Schedule of Investments
Investment		$ 3,962,857		$ 2,357,678
% of Net Asset Value		0.76%		0.47%
Commercial Paper [Member] \| United States [Member] \| Utilities [Member]
Schedule of Investments
Investment		$ 30,224,900		$ 64,248,424
% of Net Asset Value		5.83%		12.94%
Corporate Bonds [Member]
Schedule of Investments
Investment		$ 90,261,539		$ 93,227,588
% of Net Asset Value		17.42%		18.77%
Corporate Bonds [Member] \| Australia [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 7,235,396		$ 5,928,915
% of Net Asset Value		1.40%		1.19%
Corporate Bonds [Member] \| Canada [Member]
Schedule of Investments
Investment		$ 14,136,234		$ 13,987,866
% of Net Asset Value		2.73%		2.81%
Corporate Bonds [Member] \| Canada [Member] \| Energy [Member]
Schedule of Investments
Investment		$ 3,374,934		$ 3,259,737
% of Net Asset Value		0.65%		0.66%
Corporate Bonds [Member] \| Canada [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 10,761,300		$ 10,728,129
% of Net Asset Value		2.08%		2.15%
Corporate Bonds [Member] \| Germany [Member]
Schedule of Investments
Investment				$ 3,148,007
% of Net Asset Value				0.64%
Corporate Bonds [Member] \| Germany [Member] \| Consumer Discretionary [Member]
Schedule of Investments
Investment		$ 1,179,937		$ 1,180,925
% of Net Asset Value		0.23%		0.24%
Corporate Bonds [Member] \| Germany [Member] \| Industrials [Member]
Schedule of Investments
Investment				$ 1,967,082
% of Net Asset Value				0.40%
Corporate Bonds [Member] \| Japan [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 3,475,583		$ 3,454,498
% of Net Asset Value		0.67%		0.70%
Corporate Bonds [Member] \| Netherlands [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 1,677,871		$ 1,693,997
% of Net Asset Value		0.32%		0.34%
Corporate Bonds [Member] \| Spain [Member] \| Financials [Member]
Schedule of Investments
Investment				$ 2,582,419
% of Net Asset Value				0.52%
Corporate Bonds [Member] \| Switzerland [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 2,141,803		$ 3,184,100
% of Net Asset Value		0.41%		0.64%
Corporate Bonds [Member] \| United Kingdom [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 5,524,204
% of Net Asset Value		1.07%
Corporate Bonds [Member] \| United States [Member]
Schedule of Investments
Investment		$ 54,890,511		$ 59,247,786
% of Net Asset Value		10.59%		11.93%
Corporate Bonds [Member] \| United States [Member] \| Communications [Member]
Schedule of Investments
Investment		$ 2,094,656
% of Net Asset Value		0.40%
Corporate Bonds [Member] \| United States [Member] \| Consumer Discretionary [Member]
Schedule of Investments
Investment		$ 7,393,479		$ 9,445,913
% of Net Asset Value		1.43%		1.90%
Corporate Bonds [Member] \| United States [Member] \| Consumer Staples [Member]
Schedule of Investments
Investment		$ 1,524,332		$ 1,543,452
% of Net Asset Value		0.29%		0.31%
Corporate Bonds [Member] \| United States [Member] \| Energy [Member]
Schedule of Investments
Investment		$ 656,597		$ 638,592
% of Net Asset Value		0.13%		0.13%
Corporate Bonds [Member] \| United States [Member] \| Financials [Member]
Schedule of Investments
Investment		$ 16,682,352		$ 22,164,700
% of Net Asset Value		3.22%		4.46%
Corporate Bonds [Member] \| United States [Member] \| Health Care [Member]
Schedule of Investments
Investment		$ 723,676		$ 2,939,970
% of Net Asset Value		0.14%		0.59%
Corporate Bonds [Member] \| United States [Member] \| Industrials [Member]
Schedule of Investments
Investment		$ 5,421,767		$ 9,173,693
% of Net Asset Value		1.05%		1.85%
Corporate Bonds [Member] \| United States [Member] \| Materials [Member]
Schedule of Investments
Investment		$ 4,708,671		$ 4,229,786
% of Net Asset Value		0.91%		0.85%
Corporate Bonds [Member] \| United States [Member] \| Real Estate [Member]
Schedule of Investments
Investment		$ 5,505,771		$ 2,114,972
% of Net Asset Value		1.06%		0.43%
Corporate Bonds [Member] \| United States [Member] \| Technology [Member]
Schedule of Investments
Investment		$ 4,687,154		$ 2,051,390
% of Net Asset Value		0.90%		0.41%
Corporate Bonds [Member] \| United States [Member] \| Utilities [Member]
Schedule of Investments
Investment		$ 5,492,056		$ 4,945,318
% of Net Asset Value		1.06%		1%
Government and Agency Obligations [Member]
Schedule of Investments
Investment		$ 80,820,668		$ 55,103,441
% of Net Asset Value		15.60%		11.08%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 07/11/2024 [Member]
Schedule of Investments
Investment	[3]	$ 32,352,885
% of Net Asset Value		6.24%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 08/08/2024 [Member]
Schedule of Investments
Investment	[3]	$ 8,651,944
% of Net Asset Value		1.67%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 09/05/2024 [Member]
Schedule of Investments
Investment	[3]	$ 39,815,839
% of Net Asset Value		7.69%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 01/11/2024 [Member]
Schedule of Investments
Investment	[3]			$ 17,277,393
% of Net Asset Value				3.47%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 02/08/2024 [Member]
Schedule of Investments
Investment	[3]			$ 8,652,883
% of Net Asset Value				1.74%
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 03/07/2024 [Member]
Schedule of Investments
Investment	[3]			$ 29,173,165
% of Net Asset Value				5.87%
Short Term Investments [Member]
Schedule of Investments
Short term investments		$ 27,389		$ 514,524
% of Net Asset Value		0.01%		0.10%
Money Market Funds [Member] \| United States [Member]
Schedule of Investments
Short term investments		$ 27,389		$ 514,524
% of Net Asset Value		0.01%		0.10%
Futures Contracts [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 12,691,481		$ (10,071,795)
% of Net Asset Value		2.44%		(2.03%)
Futures Contracts [Member] \| Long [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,769,811		$ 7,549,524
% of Net Asset Value		0.34%		1.52%
Futures Contracts [Member] \| Long [Member] \| Agriculture [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,068,534		$ (1,348,265)
% of Net Asset Value		0.21%		(0.27%)
Futures Contracts [Member] \| Long [Member] \| Energy [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,781,225		$ (795,622)
% of Net Asset Value		0.34%		(0.16%)
Futures Contracts [Member] \| Long [Member] \| Metals [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ (1,040,070)		$ 6,426,759
% of Net Asset Value		(0.20%)		1.29%
Futures Contracts [Member] \| Long [Member] \| Stock Indices [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,960,757		$ 2,375,176
% of Net Asset Value		0.38%		0.48%
Futures Contracts [Member] \| Long [Member] \| Short-Term Interest Rates [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,061,315		$ 765,199
% of Net Asset Value		0.20%		0.15%
Futures Contracts [Member] \| Long [Member] \| Long-Term Interest Rates [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ (3,061,950)		$ 126,277
% of Net Asset Value		(0.59%)		0.03%
Futures Contracts [Member] \| Short [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 10,921,670		$ (17,621,319)
% of Net Asset Value		2.10%		(3.55%)
Futures Contracts [Member] \| Short [Member] \| Agriculture [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 8,066,108		$ (739,447)
% of Net Asset Value		1.56%		(0.15%)
Futures Contracts [Member] \| Short [Member] \| Energy [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ (110,313)		$ (1,986,927)
% of Net Asset Value		(0.02%)		(0.40%)
Futures Contracts [Member] \| Short [Member] \| Metals [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 2,455,524		$ (9,573,582)
% of Net Asset Value		0.47%		(1.93%)
Futures Contracts [Member] \| Short [Member] \| Stock Indices [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ (87,564)		$ (896,409)
% of Net Asset Value		(0.02%)		(0.18%)
Futures Contracts [Member] \| Short [Member] \| Short-Term Interest Rates [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ (610,717)		$ (1,905,385)
% of Net Asset Value		(0.12%)		(0.38%)
Futures Contracts [Member] \| Short [Member] \| Long-Term Interest Rates [Member]
Schedule of Investments
Net unrealized gain (loss) on open futures contracts		$ 1,208,632		$ (2,519,569)
% of Net Asset Value		0.23%		(0.51%)
Forward Currency Contracts [Member]
Schedule of Investments
Net unrealized gain (loss) on open forward currency contracts		$ (3,986,650)		$ (2,485,131)
% of Net Asset Value		(0.77%)		(0.50%)
Forward Currency Contracts [Member] \| Long [Member]
Schedule of Investments
Net unrealized gain (loss) on open forward currency contracts		$ (18,369,430)		$ 39,139,236
% of Net Asset Value		(3.55%)		7.88%
Forward Currency Contracts [Member] \| Short [Member]
Schedule of Investments
Net unrealized gain (loss) on open forward currency contracts		$ 14,382,780		$ (41,624,367)
% of Net Asset Value		2.78%		(8.38%)
Centrally Cleared Credit Default Index Swaps - Sell Protection [Member]
Schedule of Investments
Credit default swaps		$ 10,540,513	[4]	$ 11,078,458	[5]
% of Net Asset Value		2.03%		2.23%
Centrally Cleared Interest Rate Swaps - Pay Fixed [Member]
Schedule of Investments
Interest rate swaps	[6]			$ (12,982)
% of Net Asset Value				0%
Centrally Cleared Interest Rate Swaps - Receive Fixed [Member]
Schedule of Investments
Interest rate swaps	[7]	$ 4,145,788
% of Net Asset Value		0.80%

[1]Included in fixed income securities are U.S. Treasury Bills with a fair value of $80,820,668 deposited with the futures brokers.[2]Included in fixed income securities are U.S. Treasury Bills with a fair value of $55,103,441 deposited with the futures brokers.[3]Pledged as collateral for the trading of futures positions.[4]Includes $10,674,853 of cumulative appreciation/(depreciation) of swaps contracts that is considered variation margin receivable. Variation margin amount is included within cash at swaps broker in the statement of financial condition.[5]Includes $11,107,528 of cumulative appreciation/(depreciation) of swaps contracts that is considered variation margin receivable. Variation margin amount is included within cash at swaps broker in the statement of financial condition.[6]Includes $124,676 of cumulative appreciation/(depreciation) of swaps contracts that is considered variation margin receivable. Variation margin amount is included within cash at swaps broker in the statement of financial condition.[7]Includes $1,251,571 of cumulative appreciation/(depreciation) of swaps contracts that is considered variation margin receivable. Variation margin amount is included within cash at swaps broker in the statement of financial condition.

CONDENSED SCHEDULE OF INVESTM_2

CONDENSED SCHEDULE OF INVESTMENTS (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Fixed Income Securities [Member]
Schedule of Investments
Cost	$ 360,278,937	$ 330,492,087
Asset Backed Securities [Member]
Schedule of Investments
Cost	26,160,604	26,725,105
Bank Deposits [Member]
Schedule of Investments
Cost	9,101,111	7,784,915
Bank Deposits [Member] \| France [Member]
Schedule of Investments
Cost		2,689,873
Bank Deposits [Member] \| France [Member] \| Financials [Member]
Schedule of Investments
Cost	2,689,915
Bank Deposits [Member] \| United States [Member]
Schedule of Investments
Cost		5,095,042
Bank Deposits [Member] \| United States [Member] \| Financials [Member]
Schedule of Investments
Cost	6,411,196
Commercial Paper [Member]
Schedule of Investments
Cost	153,753,974	147,948,696
Commercial Paper [Member] \| Canada [Member]
Schedule of Investments
Cost		5,072,576
Commercial Paper [Member] \| Canada [Member] \| Materials [Member]
Schedule of Investments
Cost	5,237,391
Commercial Paper [Member] \| France [Member] \| Financials [Member]
Schedule of Investments
Cost	2,750,029
Commercial Paper [Member] \| United Kingdom [Member]
Schedule of Investments
Cost		7,755,682
Commercial Paper [Member] \| United Kingdom [Member] \| Financials [Member]
Schedule of Investments
Cost	2,448,468
Commercial Paper [Member] \| United States [Member]
Schedule of Investments
Cost	143,318,086	135,120,438
Corporate Bonds [Member]
Schedule of Investments
Cost	90,174,277	92,954,257
Corporate Bonds [Member] \| Australia [Member]
Schedule of Investments
Cost		5,869,688
Corporate Bonds [Member] \| Australia [Member] \| Financials [Member]
Schedule of Investments
Cost	7,224,741
Corporate Bonds [Member] \| Canada [Member]
Schedule of Investments
Cost	14,128,478	13,945,133
Corporate Bonds [Member] \| Germany [Member]
Schedule of Investments
Cost		3,140,322
Corporate Bonds [Member] \| Germany [Member] \| Consumer Discretionary [Member]
Schedule of Investments
Cost	1,175,198
Corporate Bonds [Member] \| Japan [Member]
Schedule of Investments
Cost		3,439,993
Corporate Bonds [Member] \| Japan [Member] \| Financials [Member]
Schedule of Investments
Cost	3,439,988
Corporate Bonds [Member] \| Netherlands [Member]
Schedule of Investments
Cost		1,674,156
Corporate Bonds [Member] \| Netherlands [Member] \| Financials [Member]
Schedule of Investments
Cost	1,674,413
Corporate Bonds [Member] \| Spain [Member]
Schedule of Investments
Cost		2,599,992
Corporate Bonds [Member] \| Switzerland [Member]
Schedule of Investments
Cost		3,179,943
Corporate Bonds [Member] \| Switzerland [Member] \| Financials [Member]
Schedule of Investments
Cost	2,129,937
Corporate Bonds [Member] \| United Kingdom [Member] \| Financials [Member]
Schedule of Investments
Cost	5,522,277
Corporate Bonds [Member] \| United States [Member]
Schedule of Investments
Cost	54,879,245	59,105,030
Government and Agency Obligations [Member]
Schedule of Investments
Cost	81,088,971	55,079,114
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills [Member]
Schedule of Investments
Fixed income securities deposited with futures brokers	80,820,668	55,103,441
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 07/11/2024 [Member]
Schedule of Investments
Maturity face value	$ 32,400,000
Due date	Jul. 11, 2024
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 08/08/2024 [Member]
Schedule of Investments
Maturity face value	$ 8,700,000
Due date	Aug. 08, 2024
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 09/05/2024 [Member]
Schedule of Investments
Maturity face value	$ 40,200,000
Due date	Sep. 05, 2024
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 01/11/2024 [Member]
Schedule of Investments
Maturity face value		$ 17,300,000
Due date		Jan. 11, 2024
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 02/08/2024 [Member]
Schedule of Investments
Maturity face value		$ 8,700,000
Due date		Feb. 08, 2024
Government and Agency Obligations [Member] \| United States [Member] \| U.S. Treasury Bills Due 03/07/2024 [Member]
Schedule of Investments
Maturity face value		$ 29,450,000
Due date		Mar. 07, 2024
Short Term Investments [Member]
Schedule of Investments
Cost	$ 27,389	$ 514,524
Money Market Funds [Member] \| United States [Member]
Schedule of Investments
Cost	27,389	514,524
Centrally Cleared Credit Default Index Swaps - Sell Protection [Member]
Schedule of Investments
Cost	11,744,548	6,719,050
Variation margin receivable	10,674,853	11,107,528
Centrally Cleared Interest Rate Swaps - Pay Fixed [Member]
Schedule of Investments
Cost		447,192
Variation margin receivable		$ 124,676
Centrally Cleared Interest Rate Swaps - Receive Fixed [Member]
Schedule of Investments
Cost	1,398,180
Variation margin receivable	$ 1,251,571

STATEMENTS OF FINANCIAL CONDITI

STATEMENTS OF FINANCIAL CONDITION - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Equity in futures brokers trading accounts
Cash	$ 31,113,817	$ 37,203,513
Restricted cash	0	9,425,127
Fixed income securities (cost $81,088,971 and $55,079,114, respectively)	80,820,668	55,103,441
Net unrealized gain (loss) on open futures contracts	12,691,481	(10,071,795)
Total equity in futures brokers trading accounts	124,625,966	91,660,286
Cash and cash equivalents	4,364,458	7,188,062
Cash at interbank market maker	12,392,685	12,255,988
Restricted cash at interbank market maker	58,640,365	60,037,949
Short term investments (cost $27,389 and $514,524, respectively)	27,389	514,524
Cash at swaps broker	24,211,774	14,486,553
Restricted cash at swaps broker	22,958,896	22,814,498
Fixed income securities (cost $279,189,966 and $275,412,973, respectively)	279,202,172	275,655,366
Interest rate swaps	2,894,217	0
Due from swaps broker	322,675	328,072
Interest receivable	2,147,810	1,839,449
Subscriptions receivable	0	17,426,044
Total assets	531,788,407	504,206,791
LIABILITIES
Redemptions payable	3,252,365	3,055,460
Management fee payable	865,826	795,037
Payable for securities purchased	4,281,325	0
Sales commission payable	710,135	658,519
Accounts payable	233,283	257,168
Net unrealized loss on open forward currency contracts	3,986,650	2,485,131
Credit default index swaps	134,340	29,070
Offering costs payable	115,898	124,259
Interest rate swaps	0	137,658
Accrued commissions and other trading fees on open contracts	137,485	84,107
Total liabilities	13,717,307	7,626,409
UNITHOLDERS' CAPITAL (Net Asset Value)
Total unitholders' capital (Net Asset Value)	518,071,100	496,580,382
Total liabilities and unitholders' capital (Net Asset Value)	531,788,407	504,206,791
Series A Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	390,083,957	378,102,257
Series B Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	38,797,192	38,104,608
Series D Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	32,466,989	28,301,256
Series W Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	$ 56,722,962	$ 52,072,261

STATEMENTS OF FINANCIAL CONDI_2

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Equity in futures brokers trading accounts
Fixed income securities, cost	$ 81,088,971	$ 55,079,114
Short term investments, cost	27,389	514,524
Fixed income securities, cost	$ 279,189,966	$ 275,412,973
Series A Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders, units outstanding (in units)	96,666.924	100,750.468
Series B Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders, units outstanding (in units)	8,663.896	9,165.999
Series D Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders, units outstanding (in units)	19,803.759	18,665.278
Series W Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders, units outstanding (in units)	11,187.341	11,146.28

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Futures trading gains (losses)
Realized	$ 8,866,559	$ 4,878,481	$ 29,892,512	$ 4,185,736
Change in unrealized	10,602,343	(835,061)	22,763,276	7,484,976
Brokerage commissions	(730,029)	(803,532)	(1,401,058)	(1,424,852)
Net gain (loss) from futures trading	18,738,873	3,239,888	51,254,730	10,245,860
Forward currency trading gains (losses)
Realized	(8,747,069)	(8,338,102)	(19,706,221)	5,838,301
Change in unrealized	(8,399,891)	(3,317,140)	(1,501,519)	(3,934,600)
Brokerage commissions	(196,059)	(186,829)	(377,654)	(339,727)
Net gain (loss) from forward currency trading	(17,343,019)	(11,842,071)	(21,585,394)	1,563,974
Swap trading gains (losses)
Realized	(5,583,721)	4,339,259	9,572,515	7,766,557
Change in unrealized	4,488,207	4,815,626	(3,250,045)	794,894
Net gain (loss) from swap trading	(1,095,514)	9,154,885	6,322,470	8,561,451
Total net trading gain (loss)	300,340	552,702	35,991,806	20,371,285
Investment income
Interest income	6,878,012	9,733,444	13,329,616	14,841,592
Realized gain (loss) on fixed income securities	43,252	(3,834,968)	110,336	(3,975,204)
Change in unrealized gain (loss) on fixed income securities	(313,786)	409,910	(522,817)	959,595
Total investment income (loss)	6,607,478	6,308,386	12,917,135	11,825,983
Expenses
Management fee	2,601,514	2,569,943	5,176,598	5,080,470
Performance fee	0	0	0	122
Operating expenses	284,829	301,286	587,922	622,887
Sales commission	2,222,275	2,187,881	4,432,303	4,327,834
Total expenses	5,108,618	5,059,110	10,196,823	10,031,313
Net investment income (loss)	1,498,860	1,249,276	2,720,312	1,794,670
NET INCOME (LOSS)	$ 1,799,200	$ 1,801,978	$ 38,712,118	$ 22,165,955
Series A [Member]
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (based on weighted average number of units outstanding during the period) (in dollars per unit)	$ 10.73	$ 11.5	$ 292.54	$ 173.95
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ 8.1	$ 8.24	$ 282.48	$ 170.77
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	97,175.703	92,381.13	98,420.015	91,282.075
Series B [Member]
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (based on weighted average number of units outstanding during the period) (in dollars per unit)	$ 13.39	$ 14.71	$ 325.64	$ 200.99
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ 11.96	$ 12.92	$ 320.86	$ 196.92
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	8,882.86	9,729.716	8,998.804	9,865.481
Series D [Member]
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (based on weighted average number of units outstanding during the period) (in dollars per unit)	$ 9.62	$ 8.9	$ 125.9	$ 78.85
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ 7.45	$ 7.79	$ 123.19	$ 77.5
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	19,453.979	15,631.127	19,127.563	15,325.142
Series W [Member]
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT
NET INCOME (LOSS) PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (based on weighted average number of units outstanding during the period) (in dollars per unit)	$ 40.75	$ 38.81	$ 413.73	$ 264.97
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ 32.52	$ 33.43	$ 398.56	$ 256.11
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	11,046.071	11,792.551	11,074.754	11,684.298

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Cash flows from (for) operating activities
Net income (loss)	$ 38,712,118	$ 22,165,955
Adjustments to reconcile net income (loss) to net cash from (for) operating activities
Net change in unrealized on futures, forwards, swaps and investments	(17,488,895)	(5,304,865)
(Increase) decrease in interest receivable	(308,361)	(724,292)
(Increase) decrease in due from swaps broker	5,397	(245,834)
(Increase) decrease in payable at custodian	0	5,000,000
Increase (decrease) in payable for securities purchased	4,281,325	7,295,047
Increase (decrease) in accounts payable and accrued expenses	151,898	182,298
Net purchases from swap broker	(6,176,650)	1,845,977
Purchases of investments	(2,208,264,007)	(2,067,401,439)
Sales/maturities of investments	2,178,964,292	2,053,937,586
Net cash from (for) operating activities	(10,122,883)	16,750,433
Cash flows from (for) financing activities
Addition of units	37,242,603	33,527,617
Redemption of units	(35,932,956)	(18,745,629)
Offering costs paid	(916,459)	(939,836)
Net cash from (for) financing activities	393,188	13,842,152
Net increase (decrease) in cash, cash equivalents and restricted cash	(9,729,695)	30,592,585
Cash, cash equivalents and restricted cash at beginning of period	163,411,690	117,391,840
Cash, cash equivalents and restricted cash at end of period	$ 153,681,995	$ 147,984,425

STATEMENTS OF CASH FLOWS (Paren

STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Equity in futures brokers trading accounts:
Cash	$ 31,113,817	$ 37,203,513
Restricted cash	0	9,425,127
Cash and cash equivalents	4,364,458	7,188,062
Cash at interbank market maker	12,392,685	12,255,988
Restricted cash at interbank market maker	58,640,365	60,037,949
Cash at swaps broker	24,211,774	14,486,553
Restricted cash at swaps broker	22,958,896	22,814,498
Total cash, cash equivalents and restricted cash at end of period	$ 153,681,995	$ 163,411,690	$ 147,984,425	$ 117,391,840

STATEMENTS OF CHANGES IN UNITHO

STATEMENTS OF CHANGES IN UNITHOLDERS' CAPITAL (NET ASSET VALUE) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Increase (Decrease) in Unitholders' Capital [Roll Forward]
Balances	$ 521,566,222	$ 496,580,382	$ 507,169,445	$ 476,068,601	$ 496,580,382	$ 476,068,601
Net income (loss)	1,799,200	36,912,918	1,801,978	20,363,977	38,712,118	22,165,955
Additions	8,109,293	11,707,266	15,782,197	17,403,987
Redemptions	(13,033,318)	(23,096,543)	(9,876,627)	(6,189,455)
Offering costs	(370,297)	(537,801)	(427,816)	(477,665)
Balances	518,071,100	521,566,222	514,449,177	507,169,445	518,071,100	514,449,177
Series A [Member] \| Other Unitholders [Member]
Increase (Decrease) in Unitholders' Capital [Roll Forward]
Balances	$ 394,021,901	$ 378,102,257	$ 378,697,030	$ 352,416,060	$ 378,102,257	$ 352,416,060
Balances (in units)	97,839.126	100,750.468	92,118.58	89,254.537	100,750.468	89,254.537
Net income (loss)	$ 1,042,911	$ 27,748,720	$ 1,062,055	$ 14,816,600
Additions	$ 4,195,388	$ 9,329,266	$ 9,476,723	$ 13,805,592
Additions (in units)	1,040.713	2,406.028	2,291.155	3,341.433
Redemptions	$ (8,915,701)	$ (20,725,801)	$ (6,434,366)	$ (1,967,848)
Redemptions (in units)	(2,212.915)	(5,317.37)	(1,556.753)	(477.39)
Offering costs	$ (260,542)	$ (432,541)	$ (320,110)	$ (373,374)
Balances	$ 390,083,957	$ 394,021,901	$ 382,481,332	$ 378,697,030	$ 390,083,957	$ 382,481,332
Balances (in units)	96,666.924	97,839.126	92,852.982	92,118.58	96,666.924	92,852.982
Series B [Member] \| Other Unitholders [Member]
Increase (Decrease) in Unitholders' Capital [Roll Forward]
Balances	$ 40,441,566	$ 38,104,608	$ 44,945,784	$ 43,597,613	$ 38,104,608	$ 43,597,613
Balances (in units)	9,055.283	9,165.999	9,894.417	10,002.807	9,165.999	10,002.807
Net income (loss)	$ 118,903	$ 2,811,450	$ 143,161	$ 1,839,702
Additions	$ 32,576	$ 30,065	$ 30,548	$ 30,318
Additions (in units)	7.292	6.938	6.687	6.658
Redemptions	$ (1,795,853)	$ (504,557)	$ (1,918,928)	$ (521,849)
Redemptions (in units)	(398.679)	(117.654)	(417.861)	(115.048)
Offering costs	$ 0	$ 0	$ 0	$ 0
Balances	$ 38,797,192	$ 40,441,566	$ 43,200,565	$ 44,945,784	$ 38,797,192	$ 43,200,565
Balances (in units)	8,663.896	9,055.283	9,483.243	9,894.417	8,663.896	9,483.243
Series D [Member] \| Other Unitholders [Member]
Increase (Decrease) in Unitholders' Capital [Roll Forward]
Balances	$ 31,534,647	$ 28,301,256	$ 25,234,996	$ 23,615,197	$ 28,301,256	$ 23,615,197
Balances (in units)	19,322.867	18,665.278	15,317.275	14,967.333	18,665.278	14,967.333
Net income (loss)	$ 187,232	$ 2,220,935	$ 139,137	$ 1,069,324
Additions	$ 1,470,470	$ 1,732,407	$ 3,240,197	$ 1,507,596
Additions (in units)	896.541	1,078.818	1,950.261	913.289
Redemptions	$ (685,506)	$ (682,629)	$ (629,181)	$ (926,063)
Redemptions (in units)	(415.649)	(421.229)	(380.619)	(563.347)
Offering costs	$ (39,854)	$ (37,322)	$ (32,510)	$ (31,058)
Balances	$ 32,466,989	$ 31,534,647	$ 27,952,639	$ 25,234,996	$ 32,466,989	$ 27,952,639
Balances (in units)	19,803.759	19,322.867	16,886.917	15,317.275	19,803.759	16,886.917
Series W [Member] \| Other Unitholders [Member]
Increase (Decrease) in Unitholders' Capital [Roll Forward]
Balances	$ 55,568,108	$ 52,072,261	$ 58,291,635	$ 56,439,731	$ 52,072,261	$ 56,439,731
Balances (in units)	11,030.311	11,146.28	11,548.564	11,697.747	11,146.28	11,697.747
Net income (loss)	$ 450,154	$ 4,131,813	$ 457,625	$ 2,638,351
Additions	$ 2,410,859	$ 615,528	$ 3,034,729	$ 2,060,481
Additions (in units)	479.724	128.509	595.883	413.439
Redemptions	$ (1,636,258)	$ (1,183,556)	$ (894,152)	$ (2,773,695)
Redemptions (in units)	(322.694)	(244.478)	(175.309)	(562.622)
Offering costs	$ (69,901)	$ (67,938)	$ (75,196)	$ (73,233)
Balances	$ 56,722,962	$ 55,568,108	$ 60,814,641	$ 58,291,635	$ 56,722,962	$ 60,814,641
Balances (in units)	11,187.341	11,030.311	11,969.138	11,548.564	11,187.341	11,969.138

STATEMENTS OF CHANGES IN UNIT_2

STATEMENTS OF CHANGES IN UNITHOLDERS' CAPITAL (NET ASSET VALUE) (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Series A [Member]
Net Asset Value per Other Unitholders' Unit (in dollars per unit)	$ 4,035.34	$ 4,027.24	$ 3,752.86	$ 4,119.21	$ 4,110.97	$ 3,948.44
Series B [Member]
Net Asset Value per Other Unitholders' Unit (in dollars per unit)	4,478.03	4,466.07	4,157.17	4,555.46	4,542.54	4,358.54
Series D [Member]
Net Asset Value per Other Unitholders' Unit (in dollars per unit)	1,639.44	1,631.99	1,516.25	1,655.28	1,647.49	1,577.78
Series W [Member]
Net Asset Value per Other Unitholders' Unit (in dollars per unit)	$ 5,070.28	$ 5,037.76	$ 4,671.72	$ 5,080.95	$ 5,047.52	$ 4,824.84

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS - $ / shares		3 Months Ended		6 Months Ended
FINANCIAL HIGHLIGHTS - $ / shares		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Series A [Member]
Per Unit Performance (for a unit outstanding throughout the entire period)
Net asset value per unit at beginning of period (in dollars per unit)		$ 4,027.24	$ 4,110.97	$ 3,752.86	$ 3,948.44
Income (loss) from operations:
Total net trading gains (losses) (in dollars per unit)	[1]	2.08	4.71	274.32	169.87
Net investment income (loss) (in dollars per unit)	[1]	8.7	7	15.2	8.5
Total net income (loss) from operations (in dollars per unit)		10.78	11.71	289.52	178.37
Offering costs (in dollars per unit)	[1]	(2.68)	(3.47)	(7.04)	(7.6)
Net asset value per unit at end of period (in dollars per unit)		$ 4,035.34	$ 4,119.21	$ 4,035.34	$ 4,119.21
Total Return	[2]	0.20%	0.20%	7.53%	4.33%
Ratios to average net asset value:
Expenses prior to performance fee	[3]	4.24%	4.24%	4.28%	4.28%
Performance fee	[2]	0%	0%	0%	0%
Total expenses		4.24%	4.24%	4.28%	4.28%
Net investment income (loss)	[3],[4]	0.88%	0.68%	0.78%	0.42%
Series B [Member]
Per Unit Performance (for a unit outstanding throughout the entire period)
Net asset value per unit at beginning of period (in dollars per unit)		$ 4,466.07	$ 4,542.54	$ 4,157.17	$ 4,358.54
Income (loss) from operations:
Total net trading gains (losses) (in dollars per unit)	[5]	2.32	5.19	304.01	187.67
Net investment income (loss) (in dollars per unit)	[5]	9.64	7.73	16.85	9.25
Total net income (loss) from operations (in dollars per unit)		11.96	12.92	320.86	196.92
Net asset value per unit at end of period (in dollars per unit)		$ 4,478.03	$ 4,555.46	$ 4,478.03	$ 4,555.46
Total Return	[2]	0.27%	0.28%	7.72%	4.52%
Ratios to average net asset value:
Expenses prior to performance fee	[3]	4.24%	4.28%	4.28%	4.32%
Performance fee	[2]	0%	0%	0%	0%
Total expenses		4.24%	4.28%	4.28%	4.32%
Net investment income (loss)	[3],[4]	0.88%	0.68%	0.78%	0.42%
Series D [Member]
Per Unit Performance (for a unit outstanding throughout the entire period)
Net asset value per unit at beginning of period (in dollars per unit)		$ 1,631.99	$ 1,647.49	$ 1,516.25	$ 1,577.78
Income (loss) from operations:
Total net trading gains (losses) (in dollars per unit)	[1]	0.85	1.86	110.96	67.85
Net investment income (loss) (in dollars per unit)	[1]	8.65	8.01	16.26	13.8
Total net income (loss) from operations (in dollars per unit)		9.5	9.87	127.22	81.65
Offering costs (in dollars per unit)	[1]	(2.05)	(2.08)	(4.03)	(4.15)
Net asset value per unit at end of period (in dollars per unit)		$ 1,639.44	$ 1,655.28	$ 1,639.44	$ 1,655.28
Total Return	[2]	0.46%	0.47%	8.12%	4.91%
Ratios to average net asset value:
Expenses prior to performance fee	[3]	2.96%	2.96%	3%	3%
Performance fee	[2]	0%	0%	0%	0%
Total expenses		2.96%	2.96%	3%	3%
Net investment income (loss)	[3],[4]	2.12%	1.92%	2.02%	1.66%
Series W [Member]
Per Unit Performance (for a unit outstanding throughout the entire period)
Net asset value per unit at beginning of period (in dollars per unit)		$ 5,037.76	$ 5,047.52	$ 4,671.72	$ 4,824.84
Income (loss) from operations:
Total net trading gains (losses) (in dollars per unit)	[1]	2.66	5.69	342.22	207.5
Net investment income (loss) (in dollars per unit)	[1]	36.19	34.12	68.79	61.31
Total net income (loss) from operations (in dollars per unit)		38.85	39.81	411.01	268.81
Offering costs (in dollars per unit)	[1]	(6.33)	(6.38)	(12.45)	(12.7)
Net asset value per unit at end of period (in dollars per unit)		$ 5,070.28	$ 5,080.95	$ 5,070.28	$ 5,080.95
Total Return	[2]	0.65%	0.66%	8.53%	5.31%
Ratios to average net asset value:
Expenses prior to performance fee	[3]	2.20%	2.24%	2.24%	2.26%
Performance fee	[2]	0%	0%	0%	0%
Total expenses		2.20%	2.24%	2.24%	2.26%
Net investment income (loss)	[3],[4]	2.88%	2.68%	2.80%	2.42%

[1]Net investment income (loss) per unit and offering costs per unit are calculated by dividing the net investment income (loss) and offering costs by the average number of units outstanding during the period. Total net trading gains (losses) is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information.[2]Not annualized.[3]Annualized.[4]Excludes performance fee.[5]Net investment income (loss) per unit are calculated by dividing the net investment income (loss) by the average number of units outstanding during the period. Total net trading gains (losses) is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information.

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2024
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. General Description of the Trust The Campbell Fund Trust (the “Trust”) is a Delaware statutory trust which operates as a commodity investment pool. The Trust engages in the speculative trading of futures contracts, forward currency contracts, and centrally cleared swap contracts. Effective August 31, 2008, the Trust began offering units of beneficial interest classified into Series A units, Series B units and Series W units. Effective July 1, 2017, the Trust began offering units of beneficial interest classified into Series D units. The rights of the Series A units, Series B units, Series D units and Series W units are identical, except that the fees and commissions vary on a Series-by-Series basis. Series A, Series D and Series W commenced trading on October 1, 2008, October 1, 2017 and March 1, 2009, respectively. The initial minimum subscription for Series A units, Series D units and Series W units is $25,000. Series B units are only available for additional investments by existing holders of Series B units. See Note 1.G., Note 1.I., Note 2, Note 3 and Note 10 for an explanation of allocations and Series specific charges. B. Regulation As a registrant with the Securities and Exchange Commission (the “SEC”), the Trust is subject to the regulatory requirements under the Securities and Exchange Act of 1934. As a commodity investment pool, the Trust is subject to the regulations of the Commodity Futures Trading Commission, an agency of the United States (U.S.) government which regulates most aspects of the commodity futures industry; rules of the National Futures Association, an industry self-regulatory organization; and the requirements of the various commodity exchanges where the Trust executes transactions. Additionally, the Trust is subject to the requirements of futures commission merchants (the “futures brokers”) and interbank market maker through which the Trust trades. C. Method of Reporting The Trust’s financial statements are presented in accordance with accounting principles generally accepted in the United States of America, which may require the use of certain estimates made by the Trust’s management. Actual results may differ from these estimates. The Trust meets the definition of an investment company according to the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946-10, Financial Services – Investment Companies. Investment transactions, including futures, forwards and fixed income securities are accounted for on the trade date. Gains or losses are realized when contracts are liquidated. Realized gains or losses on spot trades associated with forward currency contract trading are included in realized gains or losses from forward currency trading. Unrealized gains and losses on open contracts (the difference between contract trade value and fair value) are reported in the Statements of Financial Condition as a net gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with ASC 210-20, Offsetting - Balance Sheet. The fair value of futures (exchange-traded) contracts is based on various futures exchanges, and reflects the settlement price for each contract as of the close on the last business day of the reporting period. The fair value of forward currency (non-exchange traded) contracts was extrapolated on a forward basis from the spot prices quoted as of 3:00 P.M. (E.T.) on the last business day of the reporting period. The daily exchange of variation margin associated with a Central Counterparty Clearing House derivative instrument is legally characterized as the daily settlement of the derivative instrument itself. Accordingly, the Trust accounts for the daily receipt or payment of variation margin associated with its centrally cleared swaps and futures as a direct reduction to the carrying value of the centrally cleared swaps and futures derivative asset or liability, respectively. The carrying amount of centrally cleared swaps and futures reflected in the Trust’s Statements of Financial Condition is equal to the unsettled fair value of such instruments, which generally represents the change in fair value that occurred on the last day of the reporting period. Centrally cleared credit default index swaps and interest rate swap transactions are recorded on the trade date. Realized gains or losses are determined using the identified cost method. The fair value of centrally cleared swap contracts is determined by using current market quotations provided by an independent external pricing source. Valuation using an external pricing source involves the use of observable inputs in accordance with the fair value hierarchy. Any change in net unrealized gain or loss from the prior period is reported in “Swap trading gains (losses) - Change in Unrealized” in the Statements of Operations. Period payments received or paid on swap contracts, commissions and fees associated with trading the swap contracts and cash payments received or made due to the underlying obligation in the event of a credit event are recorded as part of “Swap trading gains (losses) – Realized” in the Statements of Operations. The fixed income investments are marked to market on the last business day of the reporting period using a third party vendor hierarchy of pricing providers who specialize in such markets. The prices furnished by the providers consider the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Premiums and discounts on fixed income securities are amortized and accreted for financial reporting purposes. The short term investments represent cash held at the custodian and invested overnight in a money market fund. For purposes of both financial reporting and calculation of redemption value, Net Asset Value per unit is calculated by dividing Net Asset Value by the number of outstanding units. D. Fair Value The Trust follows the provisions of ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Trust has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. The value of the Trust’s exchange-traded futures contracts and short term investments fall into this category. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. This category includes forward currency contracts that the Trust values using models or other valuation methodologies derived from observable market data. For centrally cleared swap contracts, the Trust uses current market quotations provided by an independent external pricing source to determine fair value. This category also includes fixed income investments. Level 3 inputs are unobservable inputs for an asset or liability (including the Trust’s own assumptions used in determining the fair value of investments). Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. As of June 30, 2024 and December 31, 2023 and for the periods ended June 30, 2024 and 2023, the Trust did not have any Level 3 assets or liabilities. The following tables set forth by level within the fair value hierarchy the Trust’s investments accounted for at fair value on a recurring basis as of June 30, 2024 and December 31, 2023. Fair Value at June 30, 2024 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 27,389 $ 0 $ 0 $ 27,389 Fixed income securities 0 360,022,840 0 360,022,840 Other Financial Instruments Exchange-traded futures contracts 12,691,481 0 0 12,691,481 Forward currency contracts 0 (3,986,650 ) 0 (3,986,650 ) Credit default index swap contracts 0 10,540,513 0 10,540,513 Interest rate swap contracts 0 4,145,788 0 4,145,788 Total $ 12,718,870 $ 370,722,491 $ 0 $ 383,441,361 Fair Value at December 31, 2023 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 514,524 $ 0 $ 0 $ 514,524 Fixed income securities 0 330,758,807 0 330,758,807 Other Financial Instruments Exchange-traded futures contracts (10,071,795 ) 0 0 (10,071,795 ) Forward currency contracts 0 (2,485,131 ) 0 (2,485,131 ) Credit default index swap contracts 0 11,078,458 0 11,078,458 Interest rate swap contracts 0 (12,982 ) 0 (12,982 ) Total $ (9,557,271 ) $ 339,339,152 $ 0 $ 329,781,881 The gross presentation of the fair value of the Trust’s derivatives by instrument type is shown in Note 12. See Condensed Schedules of Investments for additional detail categorization. E. Cash and Cash Equivalents Cash and cash equivalents includes cash and overnight money market investments at financial institutions. F. Income Taxes The Trust prepares calendar year U.S. federal and applicable state tax returns and reports to the unitholders their allocable shares of the Trust’s income, expenses and trading gains or losses. No provision for income taxes has been made in the accompanying financial statements as each unitholder is individually responsible for reporting income or loss based on such unitholder’s respective share of the Trust’s income and expenses as reported for income tax purposes. Management has continued to evaluate the application of ASC 740, Income Taxes, to the Trust, and has determined that no reserves for uncertain tax positions were required. There are no tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months. The Trust files federal and state tax returns. The 2020 through 2023 G. Offering Costs Campbell & Company, LP (“Campbell & Company”) has incurred all costs in connection with the initial and continuous offering of units of the Trust (“offering costs”). Series A units, Series D units and Series W units will each bear the offering costs incurred in relation to the offering of Series A units, Series D units and Series W units, respectively. Offering costs are charged to Series A, Series D and Series W at a monthly rate of 1/12 If the Trust terminates prior to completion of payment to Campbell & Company for the unreimbursed offering costs incurred through the date of such termination, Campbell & Company will not be entitled to any additional payments, and Series A units, Series D units and Series W units will have no further obligation to Campbell & Company. At June 30, 2024 and December 31, 2023, the amount of unreimbursed offering costs incurred by Campbell & Company is $78,841 and $91,015 for Series A units, $145,551 and $128,000 for Series D units and $197,969 and $199,065 for Series W units, respectively. H. Foreign Currency Transactions The Trust’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the Statements of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in income. I. Allocations Income or loss (prior to calculation of the management fee, offering costs and performance fee) is allocated pro rata to each Series of units. Each Series of units is then charged the management fee, offering costs and performance fee applicable to such Series of units.

MANAGING OPERATOR AND COMMODITY

MANAGING OPERATOR AND COMMODITY TRADING ADVISOR	6 Months Ended
MANAGING OPERATOR AND COMMODITY TRADING ADVISOR	Jun. 30, 2024
MANAGING OPERATOR AND COMMODITY TRADING ADVISOR [Abstract]
MANAGING OPERATOR AND COMMODITY TRADING ADVISOR	Note 2. MANAGING OPERATOR AND COMMODITY TRADING ADVISOR The managing operator of the Trust is Campbell & Company which conducts and manages the business of the Trust. Campbell & Company is also the commodity trading advisor of the Trust. Series A units, Series B units, Series D units and Series W units pay the managing operator a monthly management fee equal to 1/12 of 2% Each Series of units will pay the managing operator a quarterly performance fee equal to 20% of the aggregate cumulative appreciation in Net Asset Value per Unit (as defined) exclusive of appreciation attributable to interest income on a Series-by-Series basis. The performance fee is paid on the cumulative increase, if any, in the Net Asset Value per Unit over the highest previous cumulative Net Asset Value per Unit (commonly referred to as a High Water Mark). In determining the management fee and performance fee (the “fees”), adjustments shall be made for capital additions and withdrawals and Net Assets shall not be reduced by the fees being calculated for such current period. The performance fee is not subject to any clawback provisions. The fees are typically paid in the month following the month in which they are earned. The fees are paid from the available cash at the Trust’s bank, broker or cash management custody accounts.

SALES COMMISSION

SALES COMMISSION	6 Months Ended
SALES COMMISSION	Jun. 30, 2024
SALES COMMISSION [Abstract]
SALES COMMISSION	Note 3. SALES COMMISSION The managing operator pays an upfront sales commission based on Series A units sold by selling agents who have executed selling agreements with the Trust. The Trust pays commissions based on Series A, Series B, and Series D units. For Series A, there is an upfront sales commission paid by the managing operator of 2% of the subscription amount of each subscription for units. For up to twelve months after the sale of units, the managing operator will receive from the Trust a monthly reimbursement of 1/12 of 2% 1/12 of 2% Series B and Series D units pay a monthly trail commission of 1/12 of 2% 1/12 of 0.75% Any monthly trail commission which is not paid to a selling agent pursuant to an executed selling or servicing agreement with the Trust will be rebated to unitholders in the form of a capital addition and is reported as such in the financial statements.

TRUSTEE

TRUSTEE	6 Months Ended
TRUSTEE	Jun. 30, 2024
TRUSTEE [Abstract]
TRUSTEE	Note 4. TRUSTEE The trustee of the Trust is U.S. Bank National Association, a national banking corporation. The trustee has delegated to the managing operator the duty and authority to manage the business and affairs of the Trust and has only nominal duties and liabilities with respect to the Trust.

ADMINISTRATOR AND TRANSFER AGEN

ADMINISTRATOR AND TRANSFER AGENT	6 Months Ended
ADMINISTRATOR AND TRANSFER AGENT	Jun. 30, 2024
ADMINISTRATOR AND TRANSFER AGENT [Abstract]
ADMINISTRATOR AND TRANSFER AGENT	Note 5. ADMINISTRATOR AND TRANSFER AGENT NAV Consulting, Inc. serves as the Administrator of the Trust. The Administrator receives fees at rates agreed upon between the Trust and the Administrator and is entitled to reimbursement of certain actual out-of-pocket expenses incurred while performing its duties. The Administrator’s primary responsibilities are portfolio accounting and fund accounting services. NAV Consulting, Inc. serves as the Transfer Agent of the Trust. The Transfer Agent receives fees at rates agreed upon between the Trust and the Transfer Agent and is entitled to reimbursement of certain actual out-of-pocket expenses incurred while performing its duties.

CASH MANAGER AND CUSTODIAN

CASH MANAGER AND CUSTODIAN	6 Months Ended
CASH MANAGER AND CUSTODIAN	Jun. 30, 2024
CASH MANAGER AND CUSTODIAN [Abstract]
CASH MANAGER AND CUSTODIAN	Note 6. CASH MANAGER AND CUSTODIAN PNC Capital Advisors, LLC serves as the cash manager under the Investment Advisory Agreement to manage and control the liquid assets of the Trust. PNC Capital Advisors, LLC is registered as an investment adviser with the SEC of the United States under the Investment Advisers Act of 1940. The Trust opened a custodial account at the Northern Trust Company (the “custodian”) and has granted the cash manager authority to make certain investments on behalf of the Trust provided such investments are consistent with the investment guidelines created by the managing operator. All securities purchased by the cash manager on behalf of the Trust will be held in the Trust’s custody account at the custodian. The cash manager will have no beneficial or other interest in the securities and cash in such custody account.

DEPOSITS WITH FUTURES BROKERS

DEPOSITS WITH FUTURES BROKERS	6 Months Ended
DEPOSITS WITH FUTURES BROKERS	Jun. 30, 2024
DEPOSITS WITH FUTURES BROKERS [Abstract]
DEPOSITS WITH FUTURES BROKERS	Note 7. DEPOSITS WITH FUTURES BROKERS The Trust deposits assets with UBS Securities LLC and Goldman, Sachs & Co., subject to Commodity Futures Trading Commission regulations and various exchange and futures broker requirements. Margin requirements are satisfied by the deposit of U.S. Treasury Bills and cash with such futures brokers. The Trust typically earns interest income on its assets deposited with the futures brokers.

DEPOSITS WITH INTERBANK MARKET

DEPOSITS WITH INTERBANK MARKET MAKER	6 Months Ended
DEPOSITS WITH INTERBANK MARKET MAKER	Jun. 30, 2024
DEPOSITS WITH INTERBANK MARKET MAKER [Abstract]
DEPOSITS WITH INTERBANK MARKET MAKER	Note 8. DEPOSITS WITH INTERBANK MARKET MAKER The Trust’s counterparty with regard to its forward currency transactions is NatWest Markets Plc (“NatWest”). The Trust has entered into an International Swap and Derivatives Association, Inc. agreement (“ISDA Agreement”) with NatWest which governs these transactions. The credit ratings reported by the three major rating agencies for NatWest were considered investment grade as of June 30, 2024. Margin requirements are satisfied by the deposit of cash with NatWest. The Trust typically earns interest income on its assets deposited with NatWest.

DEPOSITS WITH SWAPS BROKER

DEPOSITS WITH SWAPS BROKER	6 Months Ended
DEPOSITS WITH SWAPS BROKER	Jun. 30, 2024
DEPOSITS WITH SWAPS BROKER [Abstract]
DEPOSITS WITH SWAPS BROKER	Note 9. DEPOSITS WITH SWAPS BROKER The Trust deposits cash with Goldman, Sachs & Co. to act as swaps broker for its centrally cleared swap contracts, subject to Commodity Futures Trading Commission regulations and central counterparty and broker requirements. Margin requirements are satisfied by the deposit of cash with such swaps broker. Accordingly, assets used to meet margin and other broker or regulatory requirements are partially restricted. The Trust typically earns interest on its credit balances and pays interest on debit balances with the swaps broker. The Trust pays commissions to the swaps broker on a transaction basis at rates agreed upon between the Trust and the swaps broker.

SUBSCRIPTIONS, DISTRIBUTIONS AN

SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS	6 Months Ended
SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS	Jun. 30, 2024
SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS [Abstract]
SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS	Note 10. SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS Investments in the Trust are made by subscription agreement, subject to acceptance by Campbell & Company. The Trust is not required to make distributions, but may do so at the sole discretion of Campbell & Company. A unitholder may request and receive redemption of units owned, subject to restrictions in the Declaration of Trust and Trust Agreement. Units are transferable, but no market exists for their sale and none is expected to develop. Monthly redemptions are permitted upon ten (10) business days advance written notice to Campbell & Company. Redemption fees, which are paid to Campbell & Company, apply to Series A units through the first twelve month-ends following purchase (the month-end as of which the unit is purchased is counted as the first month-end) as follows: 1.833% of Net Asset Value per unit redeemed through the second month-end, 1.666% of Net Asset Value per unit redeemed through the third month-end, 1.500% of Net Asset Value per unit redeemed through the fourth month-end, 1.333% of Net Asset Value per unit redeemed through the fifth month-end, 1.167% of Net Asset Value per unit redeemed through the sixth month-end, 1.000% of Net Asset Value per unit redeemed through the seventh month-end, 0.833% of Net Asset Value per unit redeemed through the eighth month-end, 0.667% of Net Asset Value per unit redeemed through the ninth month-end, 0.500% of Net Asset Value per unit redeemed through the tenth month-end, 0.333% of Net Asset Value per unit redeemed through the eleventh month-end and 0.167% of Net Asset Value per unit redeemed through the twelfth month end. For the six months ended June 30, 2024 and 2023, Campbell & Company received redemption fees of $915 and $608, respectively.

CREDIT DERIVATIVES AND CREDIT-R

CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES	6 Months Ended
CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES	Jun. 30, 2024
CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES [Abstract]
CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES	Note 11. CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES Credit derivatives generally require the seller to make a payment to the buyer in the event the underlying referenced security or index to the contract defaults or another triggering event, as defined in the applicable derivative contract, occurs. The Trust sells credit derivative contracts for speculative investment purposes. The following table summarizes the notional amounts of credit derivative contracts sold by the Trust by their maturity for contracts which are outstanding at June 30, 2024 and December 31, 2023. Notional amounts are disclosed as they represent the maximum potential payout, however, management believes that the carrying value of these contracts is a more relevant measure of these obligations. At June 30, 2024 and December 31, 2023, the carrying value of such credit derivative contracts purchased was $10,540,513 and $11,078,458, respectively. June 30, 2024 December 31, 2023 Credit Default Index Swaps Maturity Date: June 2029 Maturity Date: December 2028 Investment grade $ 338,561,288 $ 468,234,947 Non-investment grade 190,886,832 183,131,945 Total $ 529,448,120 $ 651,366,892 The Trust does not monitor its exposure to credit derivatives based on the notional amounts because that measure does not take into consideration the probability of a credit default event, the legal right to offset assets and liabilities by a counterparty, or collateral posted. However, the notional value of these credit derivative contracts has been included to provide information about the magnitude of involvement with these types of contracts.

TRADING ACTIVITIES AND RELATED

TRADING ACTIVITIES AND RELATED RISKS	6 Months Ended
TRADING ACTIVITIES AND RELATED RISKS	Jun. 30, 2024
TRADING ACTIVITIES AND RELATED RISKS [Abstract]
TRADING ACTIVITIES AND RELATED RISKS	Note 12. TRADING ACTIVITIES AND RELATED RISKS The Trust engages in the speculative trading of U.S. and foreign futures contracts, forward currency contracts and centrally cleared swap contracts (collectively, “derivatives”). Specifically, the Trust trades a portfolio focused on futures, forward, credit default index swap and interest rate swap contracts, which are instruments designed to hedge changes in interest rates, currency exchange rates, stock index values, metals, energy, agriculture values, and credit risks. The Trust is exposed to both market risk, the risk arising from changes in the fair value of the contracts, and credit risk, the risk of failure by another party to perform according to the terms of a contract. Market Risk For derivatives, risks arise from changes in the fair value of the contracts. Market movements result in frequent changes in the fair value of the Trust’s open positions and, consequently, in its earnings and cash flow. The Trust’s market risk is influenced by a wide variety of factors, including the level and volatility of exchange rates, interest rates, equity price levels, the fair value of financial instruments and contracts, the diversification effects among the Trust’s open positions and the liquidity of the markets in which it trades. Theoretically, the Trust is exposed to a market risk equal to the notional contract value of futures and forward currency contracts purchased and unlimited liability on such contracts sold short. The value of an interest rate swap will change as market interest rates rise and fall in conjunction with whether the contract is to receive or pay a fixed interest rate. As a purchaser of credit default index swaps, the Trust’s risk of loss is limited to any cash payments required under the swap contracts. Written credit default contracts (i.e., sell protection) expose the Trust to a market risk equal to the notional value of such swap contracts and any cash payments required under the swap contracts. See Note 1.C. for an explanation of how the Trust determines its valuation for derivatives as well as the netting of derivatives. The following tables summarize quantitative information required by ASC 815, Derivatives and Hedging, (“ASC 815”). ASC 815 provides enhanced disclosures about how and why an entity uses derivative instruments, how derivative instruments are accounted for, and how derivative instruments affect an entity’s financial position, financial performance and cash flows. The fair value of the Trust’s derivatives by instrument type, as well as the location of those instruments on the Statements of Financial Condition, as of June 30, 2024 and December 31, 2023 are as follows: Type of Instrument * Statements of Financial Condition Location Asset Derivatives at June 30, 2024 Fair Value Liability Derivatives at June 30, 2024 Fair Value Net Agriculture Contracts Net unrealized gain (loss) on open futures contracts $ 10,501,058 $ (1,366,416 ) $ 9,134,642 Energy Contracts Net unrealized gain (loss) on open futures contracts 2,846,509 (1,175,597 ) 1,670,912 Metal Contracts Net unrealized gain (loss) on open futures contracts 3,091,792 (1,676,338 ) 1,415,454 Stock Indices Contracts Net unrealized gain (loss) on open futures contracts 3,362,995 (1,489,802 ) 1,873,193 Short-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 1,746,932 (1,296,334 ) 450,598 Long-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 2,456,442 (4,309,760 ) (1,853,318 ) Forward Currency Contracts Net unrealized gain (loss) on open forward currency contracts 23,595,491 (27,582,141 ) (3,986,650 ) Credit Default Index Swap Contracts Credit default index swaps 15,002,172 (4,461,659 ) 10,540,513 Interest Rate Swap Contracts Interest rate swaps 6,636,143 (2,490,355 ) 4,145,788 Totals $ 69,239,534 $ (45,848,402 ) $ 23,391,132 * Derivatives not designated as hedging instruments under ASC 815 ** Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Type of Instrument * Statements of Financial Condition Location Asset Derivatives at December 31, 2023 Fair Value Liability Derivatives at December 31, 2023 Fair Value Net Agriculture Contracts Net unrealized gain (loss) on open futures contracts $ 2,891,417 $ (4,979,129 ) $ (2,087,712 ) Energy Contracts Net unrealized gain (loss) on open futures contracts 713,181 (3,495,730 ) (2,782,549 ) Metal Contracts Net unrealized gain (loss) on open futures contracts 6,898,129 (10,044,952 ) (3,146,823 ) Stock Indices Contracts Net unrealized gain (loss) on open futures contracts 3,118,236 (1,639,469 ) 1,478,767 Short-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 774,634 (1,914,820 ) (1,140,186 ) Long-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 653,960 (3,047,252 ) (2,393,292 ) Forward Currency Contracts Net unrealized gain (loss) on open forward currency contracts 41,529,719 (44,014,850 ) (2,485,131 ) Credit Default Index Swap Contracts Credit default index swaps 13,971,793 (2,893,335 ) 11,078,458 Interest Rate Swap Contracts Interest rate swaps 1,493,055 (1,506,037 ) (12,982 ) Totals $ 72,044,124 $ (73,535,574 ) $ (1,491,450 ) * Derivatives not designated as hedging instruments under ASC 815 Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. The trading gains and losses of the Trust’s derivatives by instrument type, as well as the location of those gains and losses on the Statements of Operations, for the three months and six months ended June 30, 2024 and 2023 are as follows: Type of Instrument Trading Gains (Losses) for the Three Months Ended June 30, 2024 Trading Gains (Losses) for the Three Months Ended June 30, 2023 Agriculture Contracts $ 9,139,048 $ 1,664,427 Energy Contracts (9,776,530 ) (9,275,140 ) Metal Contracts 6,161,300 7,002,235 Stock Indices Contracts 9,109,859 5,756,931 Short-Term Interest Rate Contracts 5,251,793 5,098,597 Long-Term Interest Rate Contracts (416,568 ) (6,203,630 ) Forward Currency Contracts (17,146,960 ) (11,655,242 ) Credit default index swap contracts (1,684,119 ) 3,294,856 Interest rate swap contracts 588,605 5,860,029 Total $ 1,226,428 $ 1,543,063 Type of Instrument Trading Gains (Losses) for the Six Months Ended June 30, 2024 Trading Gains (Losses) for the Six Months Ended June 30, 2023 Agriculture Contracts $ 6,258,284 $ 1,246,653 Energy Contracts (9,900,837 ) (8,558,685 ) Metal Contracts 5,071,563 11,467,209 Stock Indices Contracts 46,452,992 6,288,706 Short-Term Interest Rate Contracts 9,628,808 6,186,908 Long-Term Interest Rate Contracts (4,855,021 ) (4,960,080 ) Forward Currency Contracts (21,207,741 ) 1,903,702 Credit default index swap contracts 3,328,363 2,994,150 Interest rate swap contracts 2,994,107 5,567,301 Total $ 37,770,518 $ 22,135,864 Line Item in the Statements of Operations Trading Gains (Losses) for the Three Months Ended June 30, 2024 Trading Gains (Losses) for the Three Months Ended June 30, 2023 Futures trading gains (losses): Realized $ 8,866,559 $ 4,878,481 Change in unrealized 10,602,343 (835,061 ) Forward currency trading gains (losses): Realized (8,747,069 ) (8,338,102 ) Change in unrealized (8,399,891 ) (3,317,140 ) Swap trading gains (losses): Realized (5,583,721 ) 4,339,259 Change in unrealized 4,488,207 4,815,626 Total $ 1,226,428 $ 1,543,063 Line Item in the Statements of Operations Trading Gains (Losses) for the Six Months Ended June 30, 2024 Trading Gains (Losses) for the Six Months Ended June 30, 2023 Futures trading gains (losses): Realized* $ 29,892,512 $ 4,185,736 Change in unrealized 22,763,276 7,484,976 Forward currency trading gains (losses): Realized* (19,706,221 ) 5,838,301 Change in unrealized (1,501,519 ) (3,934,600 ) Swap trading gains (losses): Realized* 9,572,515 7,766,557 Change in unrealized (3,250,045 ) 794,894 Total $ 37,770,518 $ 22,135,864 For the three months ended June 30, 2024 and 2023, the amounts above include gains (losses) on foreign currency cash balances at the futures brokers of $52,888 and $(29,355), respectively, and gains (losses) on spot trades in connection with forward currency trading at the interbank market maker of $(1,046,351) and $(2,390,856), respectively . *** For the six months ended June 30, 2024 For the three months ended June 30, 2024 and 2023, the monthly average of futures contracts bought and sold was approximately 65,300 and 70,700, respectively; the monthly average of notional value of centrally cleared swap contracts was approximately $9,210,500,000 and $5,336,700,000, respectively; and the monthly average of notional value of forward currency contracts was $6,449,500,000 and $5,802,700,000, respectively. For the six months ended June 30, 2024 and 2023, the monthly average of futures contracts bought and sold was approximately 61,500 and 61,400, respectively; the monthly average of notional value of centrally cleared swap contracts was approximately $9,294,700,000 and $4,595,500,000, respectively; and the monthly average of notional value of forward currency contracts was $6,052,700,000 and $5,598,200,000, respectively. Open contracts generally mature within three months; as of June 30, 2024, the latest maturity date for open futures contracts is September 2025 September 2024 September 2029 Credit Risk The Trust trades futures contracts on exchanges that require margin deposits with the futures brokers and centrally cleared swap contracts that require margin deposits with the swaps broker. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires a futures broker or swaps broker to segregate all customer transactions and assets from such futures broker’s or swaps broker’s proprietary activities. A customer’s cash and other property (for example, U.S. Treasury Bills) deposited with a futures broker or swaps broker are considered commingled with all other customer funds subject to the futures broker’s or swaps broker’s segregation requirements. In the event of a futures broker’s or swaps broker’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than total cash and other property deposited. The Trust trades forward currency contracts in unregulated markets between principals and assumes the risk of loss from counterparty nonperformance. Accordingly, the risks associated with forward currency contracts are generally greater than those associated with exchange traded contracts because of the greater risk of counterparty default. Additionally, the trading of forward currency contracts typically involves delayed cash settlement. The Trust has a portion of its assets on deposit with PNC Bank. In the event of a financial institution’s insolvency, recovery of the Trust’s assets on deposit may be limited to account insurance or other protection afforded such deposits. The Trust has entered into ISDA Agreements with NatWest. Under the terms of the ISDA Agreement, upon the designation of an Event of Default, as defined in the ISDA Agreement, the non-defaulting party may set-off any sum or obligation owed by the defaulting party to the non-defaulting party against any sum or obligation owed by the non-defaulting party to the defaulting party. If any sum or obligation is unascertained, the non-defaulting party may in good faith estimate that sum or obligation and set-off in respect to that estimate, accounting to the other party when such sum or obligation is ascertained. Under the terms of each master netting agreement with UBS Securities LLC and Goldman, Sachs & Co., upon occurrence of a default by the Trust, as defined in respective account documents, UBS Securities LLC and Goldman, Sachs & Co. have the right to close out any or all open contracts held in the Trust’s account; sell any or all of the securities held; and borrow or buy any securities, contracts or other property for the Trust’s account. The Trust would be liable for any deficiency in its account resulting from such transactions. The amount of required margin and good faith deposits with the futures brokers, swaps broker, and interbank market maker usually range from 10% to 30% of Net Asset Value. The fair value of securities held to satisfy such requirements at June 30, 2024 and December 31, 2023 was $80,820,668 and $55,103,441, respectively, which equals approximately 16% and 11% of Net Asset Value, respectively. Included in cash deposits with the swaps broker and interbank market maker at June 30, 2024 and December 31, 2023 was restricted cash for margin requirements of $81,599,261 and $92,277,574, respectively, which equals approximately 16% and 19% of Net Asset Value, respectively. Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the Statements of Financial Condition and instruments and transactions that are subject to a master netting agreement as well as amounts related to financial collateral (including U.S. Treasury Bills and cash collateral) held at clearing brokers and counterparties. Margin reflected in the collateral tables is limited to the net amount of unrealized loss at each counterparty. Actual margin amounts required at each counterparty are based on the notional amounts or the number of contracts outstanding and may exceed the margin presented in the collateral tables. Offsetting of Derivative Assets by Counterparty As of June 30, 2024 Type of Instrument Counterparty Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Gain Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 12,351,746 $ (5,835,531 ) $ 6,516,215 Futures contracts Goldman, Sachs & Co. 11,653,982 (5,478,716 ) 6,175,266 Forward currency contracts NatWest Markets Plc 23,595,491 (23,595,491 ) 0 Centrally cleared swap contracts* Centrally Cleared 21,638,315 (6,952,014 ) 14,686,301 Total derivatives $ 69,239,534 $ (41,861,752 ) $ 27,377,782 * Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Derivative Assets and Collateral Received by Counterparty As of June 30, 2024 Net Amounts of Unrealized Gain Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount UBS Securities LLC $ 6,516,215 $ 0 $ 0 $ 6,516,215 Goldman, Sachs & Co. 6,175,266 0 0 6,175,266 NatWest Markets plc 0 0 0 0 Centrally Cleared 14,686,301 0 0 14,686,301 Total $ 27,377,782 $ 0 $ 0 $ 27,377,782 Offsetting of Derivative Liabilities by Counterparty As of June 30, 2024 Type of Instrument Counterparty Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Loss Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 5,835,531 $ (5,835,531 ) $ 0 Futures contracts Goldman, Sachs & Co. 5,478,716 (5,478,716 ) 0 Forward currency contracts NatWest Markets Plc 27,582,141 (23,595,491 ) 3,986,650 Centrally cleared swap contracts Centrally Cleared 6,952,014 (6,952,014 ) 0 Total derivatives $ 45,848,402 $ (41,861,752 ) $ 3,986,650 Derivative Liabilities and Collateral Pledged by Counterparty As of June 30, 2024 Net Amounts of Unrealized Loss Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Pledged Net Amount UBS Securities LLC $ 0 $ 0 $ 0 $ 0 Goldman, Sachs & Co. 0 0 0 0 NatWest Markets Plc 3,986,650 0 (3,986,650 ) 0 Centrally Cleared 0 0 0 0 Total $ 3,986,650 $ 0 $ (3,986,650 ) $ 0 Offsetting of Derivative Assets by Counterparty As of December 31, 2023 Type of Instrument Counterparty Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Gain Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 7,705,322 $ (7,705,322 ) $ 0 Futures contracts Goldman, Sachs & Co. 7,344,235 (7,344,235 ) 0 Forward currency contracts NatWest Markets Plc 41,529,719 (41,529,719 ) 0 Centrally cleared swap contracts* Centrally Cleared 15,464,848 (4,399,372 ) 11,065,476 Total derivatives $ 72,044,124 $ (60,978,648 ) $ 11,065,476 * Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Derivative Assets and Collateral Received by Counterparty As of December 31, 2023 Net Amounts of Unrealized Gain Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount UBS Securities LLC $ 0 $ 0 $ 0 $ 0 Goldman, Sachs & Co. 0 0 0 0 NatWest Markets Plc 0 0 0 0 Centrally Cleared 11,065,476 0 0 11,065,476 Total $ 11,065,476 $ 0 $ 0 $ 11,065,476 Offsetting of Derivative Liabilities by Counterparty As of December 31, 2023 Type of Instrument Counterparty Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Loss Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 12,209,145 $ (7,705,322 ) $ 4,503,823 Futures contracts Goldman, Sachs & Co. 12,912,207 (7,344,235 ) 5,567,972 Forward currency contracts NatWest Markets Plc 44,014,850 (41,529,719 ) 2,485,131 Centrally cleared swap contracts Centrally Cleared 4,399,372 (4,399,372 ) 0 Total derivatives $ 73,535,574 $ (60,978,648 ) $ 12,556,926 Derivative Liabilities and Collateral Pledged by Counterparty As of December 31, 2023 Net Amounts of Unrealized Loss Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Pledged Net Amount UBS Securities LLC $ 4,503,823 $ 0 $ (4,503,823 ) $ 0 Goldman, Sachs & Co. 5,567,972 0 (5,567,972 ) 0 NatWest Markets Plc 2,485,131 0 (2,485,131 ) 0 Centrally Cleared 0 0 0 0 Total $ 12,556,926 $ 0 $ (12,556,926 ) $ 0 Campbell & Company has established procedures to actively monitor market risk and minimize credit risk, although there can be no assurance that it will, in fact, succeed in doing so. Campbell & Company’s basic market risk control procedures consist of continuously monitoring open positions, diversification of the portfolio and maintenance of a margin-to-equity ratio that rarely exceeds 30%. Campbell & Company’s attempt to manage the risk of the Trust’s open positions is essentially the same in all market categories traded. Campbell & Company applies risk management policies to its trading which generally limit the total exposure that may be taken per “risk unit” of assets under management. In addition, Campbell & Company follows diversification guidelines (often formulated in terms of the balanced volatility between markets and correlated groups), as well as reducing position sizes dynamically in response to trading losses. Campbell & Company controls the risk of the Trust’s non-trading fixed income instruments by limiting the duration of such instruments and requiring a minimum credit quality of the issuers of those instruments. Campbell & Company seeks to minimize credit risk primarily by depositing and maintaining the Trust’s assets at financial institutions and brokers which Campbell & Company believes to be credit worthy. The unitholder bears the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received.

INDEMNIFICATIONS

INDEMNIFICATIONS	6 Months Ended
INDEMNIFICATIONS	Jun. 30, 2024
INDEMNIFICATIONS [Abstract]
INDEMNIFICATIONS	Note 13. INDEMNIFICATIONS In the normal course of business, the Trust enters into contracts and agreements that contain a variety of representations and warranties which provide general indemnifications. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The Trust expects the risk of any future obligation under these indemnifications to be remote.

INTERIM FINANCIAL STATEMENTS

INTERIM FINANCIAL STATEMENTS	6 Months Ended
INTERIM FINANCIAL STATEMENTS	Jun. 30, 2024
INTERIM FINANCIAL STATEMENTS [Abstract]
INTERIM FINANCIAL STATEMENTS	Note 14. INTERIM FINANCIAL STATEMENTS The Statements of Financial Condition, including the Condensed Schedules of Investments, as of June 30, 2024 and December 31, 2023, the Statements of Operations and Financial Highlights for the three months and six months ended June 30, 2024 and 2023, and the Statements of Cash Flows and Changes in Unitholders’ Capital (Net Asset Value) for the six months ended June 30, 2024 and 2023 are unaudited. In the opinion of management, such financial statements reflect all adjustments, which were of a normal and recurring nature, necessary for a fair presentation of financial position as of June 30, 2024 and December 31, 2023, the results of operations and financial highlights for the three months and six months ended June 30, 2024 and 2023, and cash flows and changes in unitholders’ capital (Net Asset Value) for the six months ended June 30, 2024 and 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2024
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	Note 15. SUBSEQUENT EVENTS Management of the Trust has evaluated subsequent events through the date the financial statements were filed. There are no subsequent events to disclose or record.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of Accounting	The Trust’s financial statements are presented in accordance with accounting principles generally accepted in the United States of America, which may require the use of certain estimates made by the Trust’s management. Actual results may differ from these estimates.
Investments	The Trust meets the definition of an investment company according to the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946-10, Financial Services – Investment Companies. Investment transactions, including futures, forwards and fixed income securities are accounted for on the trade date. Gains or losses are realized when contracts are liquidated. Realized gains or losses on spot trades associated with forward currency contract trading are included in realized gains or losses from forward currency trading. Unrealized gains and losses on open contracts (the difference between contract trade value and fair value) are reported in the Statements of Financial Condition as a net gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with ASC 210-20, Offsetting - Balance Sheet. The fair value of futures (exchange-traded) contracts is based on various futures exchanges, and reflects the settlement price for each contract as of the close on the last business day of the reporting period. The fair value of forward currency (non-exchange traded) contracts was extrapolated on a forward basis from the spot prices quoted as of 3:00 P.M. (E.T.) on the last business day of the reporting period. The daily exchange of variation margin associated with a Central Counterparty Clearing House derivative instrument is legally characterized as the daily settlement of the derivative instrument itself. Accordingly, the Trust accounts for the daily receipt or payment of variation margin associated with its centrally cleared swaps and futures as a direct reduction to the carrying value of the centrally cleared swaps and futures derivative asset or liability, respectively. The carrying amount of centrally cleared swaps and futures reflected in the Trust’s Statements of Financial Condition is equal to the unsettled fair value of such instruments, which generally represents the change in fair value that occurred on the last day of the reporting period. Centrally cleared credit default index swaps and interest rate swap transactions are recorded on the trade date. Realized gains or losses are determined using the identified cost method. The fair value of centrally cleared swap contracts is determined by using current market quotations provided by an independent external pricing source. Valuation using an external pricing source involves the use of observable inputs in accordance with the fair value hierarchy. Any change in net unrealized gain or loss from the prior period is reported in “Swap trading gains (losses) - Change in Unrealized” in the Statements of Operations. Period payments received or paid on swap contracts, commissions and fees associated with trading the swap contracts and cash payments received or made due to the underlying obligation in the event of a credit event are recorded as part of “Swap trading gains (losses) – Realized” in the Statements of Operations. The fixed income investments are marked to market on the last business day of the reporting period using a third party vendor hierarchy of pricing providers who specialize in such markets. The prices furnished by the providers consider the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Premiums and discounts on fixed income securities are amortized and accreted for financial reporting purposes. The short term investments represent cash held at the custodian and invested overnight in a money market fund.
Net Asset Value per Unit	For purposes of both financial reporting and calculation of redemption value, Net Asset Value per unit is calculated by dividing Net Asset Value by the number of outstanding units.
Fair Value	D. Fair Value The Trust follows the provisions of ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Trust has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. The value of the Trust’s exchange-traded futures contracts and short term investments fall into this category. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. This category includes forward currency contracts that the Trust values using models or other valuation methodologies derived from observable market data. For centrally cleared swap contracts, the Trust uses current market quotations provided by an independent external pricing source to determine fair value. This category also includes fixed income investments. Level 3 inputs are unobservable inputs for an asset or liability (including the Trust’s own assumptions used in determining the fair value of investments). Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. As of June 30, 2024 and December 31, 2023 and for the periods ended June 30, 2024 and 2023, the Trust did not have any Level 3 assets or liabilities. The following tables set forth by level within the fair value hierarchy the Trust’s investments accounted for at fair value on a recurring basis as of June 30, 2024 and December 31, 2023. Fair Value at June 30, 2024 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 27,389 $ 0 $ 0 $ 27,389 Fixed income securities 0 360,022,840 0 360,022,840 Other Financial Instruments Exchange-traded futures contracts 12,691,481 0 0 12,691,481 Forward currency contracts 0 (3,986,650 ) 0 (3,986,650 ) Credit default index swap contracts 0 10,540,513 0 10,540,513 Interest rate swap contracts 0 4,145,788 0 4,145,788 Total $ 12,718,870 $ 370,722,491 $ 0 $ 383,441,361 Fair Value at December 31, 2023 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 514,524 $ 0 $ 0 $ 514,524 Fixed income securities 0 330,758,807 0 330,758,807 Other Financial Instruments Exchange-traded futures contracts (10,071,795 ) 0 0 (10,071,795 ) Forward currency contracts 0 (2,485,131 ) 0 (2,485,131 ) Credit default index swap contracts 0 11,078,458 0 11,078,458 Interest rate swap contracts 0 (12,982 ) 0 (12,982 ) Total $ (9,557,271 ) $ 339,339,152 $ 0 $ 329,781,881 The gross presentation of the fair value of the Trust’s derivatives by instrument type is shown in Note 12. See Condensed Schedules of Investments for additional detail categorization.
Cash and Cash Equivalents	E. Cash and Cash Equivalents Cash and cash equivalents includes cash and overnight money market investments at financial institutions.
Income Taxes	F. Income Taxes The Trust prepares calendar year U.S. federal and applicable state tax returns and reports to the unitholders their allocable shares of the Trust’s income, expenses and trading gains or losses. No provision for income taxes has been made in the accompanying financial statements as each unitholder is individually responsible for reporting income or loss based on such unitholder’s respective share of the Trust’s income and expenses as reported for income tax purposes. Management has continued to evaluate the application of ASC 740, Income Taxes, to the Trust, and has determined that no reserves for uncertain tax positions were required. There are no tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months. The Trust files federal and state tax returns. The 2020 through 2023
Offering Costs	G. Offering Costs Campbell & Company, LP (“Campbell & Company”) has incurred all costs in connection with the initial and continuous offering of units of the Trust (“offering costs”). Series A units, Series D units and Series W units will each bear the offering costs incurred in relation to the offering of Series A units, Series D units and Series W units, respectively. Offering costs are charged to Series A, Series D and Series W at a monthly rate of 1/12 If the Trust terminates prior to completion of payment to Campbell & Company for the unreimbursed offering costs incurred through the date of such termination, Campbell & Company will not be entitled to any additional payments, and Series A units, Series D units and Series W units will have no further obligation to Campbell & Company. At June 30, 2024 and December 31, 2023, the amount of unreimbursed offering costs incurred by Campbell & Company is $78,841 and $91,015 for Series A units, $145,551 and $128,000 for Series D units and $197,969 and $199,065 for Series W units, respectively.
Foreign Currency Transactions	H. Foreign Currency Transactions The Trust’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the Statements of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in income.
Allocations	I. Allocations Income or loss (prior to calculation of the management fee, offering costs and performance fee) is allocated pro rata to each Series of units. Each Series of units is then charged the management fee, offering costs and performance fee applicable to such Series of units.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2024
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Investments Accounted for at Fair Value on a Recurring Basis	The following tables set forth by level within the fair value hierarchy the Trust’s investments accounted for at fair value on a recurring basis as of June 30, 2024 and December 31, 2023. Fair Value at June 30, 2024 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 27,389 $ 0 $ 0 $ 27,389 Fixed income securities 0 360,022,840 0 360,022,840 Other Financial Instruments Exchange-traded futures contracts 12,691,481 0 0 12,691,481 Forward currency contracts 0 (3,986,650 ) 0 (3,986,650 ) Credit default index swap contracts 0 10,540,513 0 10,540,513 Interest rate swap contracts 0 4,145,788 0 4,145,788 Total $ 12,718,870 $ 370,722,491 $ 0 $ 383,441,361 Fair Value at December 31, 2023 Description Level 1 Level 2 Level 3 Total Investments Short term investments $ 514,524 $ 0 $ 0 $ 514,524 Fixed income securities 0 330,758,807 0 330,758,807 Other Financial Instruments Exchange-traded futures contracts (10,071,795 ) 0 0 (10,071,795 ) Forward currency contracts 0 (2,485,131 ) 0 (2,485,131 ) Credit default index swap contracts 0 11,078,458 0 11,078,458 Interest rate swap contracts 0 (12,982 ) 0 (12,982 ) Total $ (9,557,271 ) $ 339,339,152 $ 0 $ 329,781,881

CREDIT DERIVATIVES AND CREDIT_2

CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES (Tables)	6 Months Ended
	Jun. 30, 2024
CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES [Abstract]
Credit Default Index Swaps	Credit derivatives generally require the seller to make a payment to the buyer in the event the underlying referenced security or index to the contract defaults or another triggering event, as defined in the applicable derivative contract, occurs. The Trust sells credit derivative contracts for speculative investment purposes. The following table summarizes the notional amounts of credit derivative contracts sold by the Trust by their maturity for contracts which are outstanding at June 30, 2024 and December 31, 2023. Notional amounts are disclosed as they represent the maximum potential payout, however, management believes that the carrying value of these contracts is a more relevant measure of these obligations. At June 30, 2024 and December 31, 2023, the carrying value of such credit derivative contracts purchased was $10,540,513 and $11,078,458, respectively. June 30, 2024 December 31, 2023 Credit Default Index Swaps Maturity Date: June 2029 Maturity Date: December 2028 Investment grade $ 338,561,288 $ 468,234,947 Non-investment grade 190,886,832 183,131,945 Total $ 529,448,120 $ 651,366,892

TRADING ACTIVITIES AND RELATE_2

TRADING ACTIVITIES AND RELATED RISKS (Tables)	6 Months Ended
TRADING ACTIVITIES AND RELATED RISKS (Tables)	Jun. 30, 2024
TRADING ACTIVITIES AND RELATED RISKS [Abstract]
Fair Value of the Trust's Derivatives by Instrument Type and Location of Instruments on the Statements of Financial Condition	The following tables summarize quantitative information required by ASC 815, Derivatives and Hedging, (“ASC 815”). ASC 815 provides enhanced disclosures about how and why an entity uses derivative instruments, how derivative instruments are accounted for, and how derivative instruments affect an entity’s financial position, financial performance and cash flows. The fair value of the Trust’s derivatives by instrument type, as well as the location of those instruments on the Statements of Financial Condition, as of June 30, 2024 and December 31, 2023 are as follows: Type of Instrument * Statements of Financial Condition Location Asset Derivatives at June 30, 2024 Fair Value Liability Derivatives at June 30, 2024 Fair Value Net Agriculture Contracts Net unrealized gain (loss) on open futures contracts $ 10,501,058 $ (1,366,416 ) $ 9,134,642 Energy Contracts Net unrealized gain (loss) on open futures contracts 2,846,509 (1,175,597 ) 1,670,912 Metal Contracts Net unrealized gain (loss) on open futures contracts 3,091,792 (1,676,338 ) 1,415,454 Stock Indices Contracts Net unrealized gain (loss) on open futures contracts 3,362,995 (1,489,802 ) 1,873,193 Short-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 1,746,932 (1,296,334 ) 450,598 Long-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 2,456,442 (4,309,760 ) (1,853,318 ) Forward Currency Contracts Net unrealized gain (loss) on open forward currency contracts 23,595,491 (27,582,141 ) (3,986,650 ) Credit Default Index Swap Contracts Credit default index swaps 15,002,172 (4,461,659 ) 10,540,513 Interest Rate Swap Contracts Interest rate swaps 6,636,143 (2,490,355 ) 4,145,788 Totals $ 69,239,534 $ (45,848,402 ) $ 23,391,132 * Derivatives not designated as hedging instruments under ASC 815 ** Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Type of Instrument * Statements of Financial Condition Location Asset Derivatives at December 31, 2023 Fair Value Liability Derivatives at December 31, 2023 Fair Value Net Agriculture Contracts Net unrealized gain (loss) on open futures contracts $ 2,891,417 $ (4,979,129 ) $ (2,087,712 ) Energy Contracts Net unrealized gain (loss) on open futures contracts 713,181 (3,495,730 ) (2,782,549 ) Metal Contracts Net unrealized gain (loss) on open futures contracts 6,898,129 (10,044,952 ) (3,146,823 ) Stock Indices Contracts Net unrealized gain (loss) on open futures contracts 3,118,236 (1,639,469 ) 1,478,767 Short-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 774,634 (1,914,820 ) (1,140,186 ) Long-Term Interest Rate Contracts Net unrealized gain (loss) on open futures contracts 653,960 (3,047,252 ) (2,393,292 ) Forward Currency Contracts Net unrealized gain (loss) on open forward currency contracts 41,529,719 (44,014,850 ) (2,485,131 ) Credit Default Index Swap Contracts Credit default index swaps 13,971,793 (2,893,335 ) 11,078,458 Interest Rate Swap Contracts Interest rate swaps 1,493,055 (1,506,037 ) (12,982 ) Totals $ 72,044,124 $ (73,535,574 ) $ (1,491,450 ) * Derivatives not designated as hedging instruments under ASC 815 ** Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition.
Trading Gains and Losses of the Trust's Derivatives by Instrument Type and Location of Gains and Losses on the Statements of Operations	The trading gains and losses of the Trust’s derivatives by instrument type, as well as the location of those gains and losses on the Statements of Operations, for the three months and six months ended June 30, 2024 and 2023 are as follows: Type of Instrument Trading Gains (Losses) for the Three Months Ended June 30, 2024 Trading Gains (Losses) for the Three Months Ended June 30, 2023 Agriculture Contracts $ 9,139,048 $ 1,664,427 Energy Contracts (9,776,530 ) (9,275,140 ) Metal Contracts 6,161,300 7,002,235 Stock Indices Contracts 9,109,859 5,756,931 Short-Term Interest Rate Contracts 5,251,793 5,098,597 Long-Term Interest Rate Contracts (416,568 ) (6,203,630 ) Forward Currency Contracts (17,146,960 ) (11,655,242 ) Credit default index swap contracts (1,684,119 ) 3,294,856 Interest rate swap contracts 588,605 5,860,029 Total $ 1,226,428 $ 1,543,063 Type of Instrument Trading Gains (Losses) for the Six Months Ended June 30, 2024 Trading Gains (Losses) for the Six Months Ended June 30, 2023 Agriculture Contracts $ 6,258,284 $ 1,246,653 Energy Contracts (9,900,837 ) (8,558,685 ) Metal Contracts 5,071,563 11,467,209 Stock Indices Contracts 46,452,992 6,288,706 Short-Term Interest Rate Contracts 9,628,808 6,186,908 Long-Term Interest Rate Contracts (4,855,021 ) (4,960,080 ) Forward Currency Contracts (21,207,741 ) 1,903,702 Credit default index swap contracts 3,328,363 2,994,150 Interest rate swap contracts 2,994,107 5,567,301 Total $ 37,770,518 $ 22,135,864 Line Item in the Statements of Operations Trading Gains (Losses) for the Three Months Ended June 30, 2024 Trading Gains (Losses) for the Three Months Ended June 30, 2023 Futures trading gains (losses): Realized $ 8,866,559 $ 4,878,481 Change in unrealized 10,602,343 (835,061 ) Forward currency trading gains (losses): Realized (8,747,069 ) (8,338,102 ) Change in unrealized (8,399,891 ) (3,317,140 ) Swap trading gains (losses): Realized (5,583,721 ) 4,339,259 Change in unrealized 4,488,207 4,815,626 Total $ 1,226,428 $ 1,543,063 Line Item in the Statements of Operations Trading Gains (Losses) for the Six Months Ended June 30, 2024 Trading Gains (Losses) for the Six Months Ended June 30, 2023 Futures trading gains (losses): Realized* $ 29,892,512 $ 4,185,736 Change in unrealized 22,763,276 7,484,976 Forward currency trading gains (losses): Realized* (19,706,221 ) 5,838,301 Change in unrealized (1,501,519 ) (3,934,600 ) Swap trading gains (losses): Realized* 9,572,515 7,766,557 Change in unrealized (3,250,045 ) 794,894 Total $ 37,770,518 $ 22,135,864 For the three months ended June 30, 2024 and 2023, the amounts above include gains (losses) on foreign currency cash balances at the futures brokers of $52,888 and $(29,355), respectively, and gains (losses) on spot trades in connection with forward currency trading at the interbank market maker of $(1,046,351) and $(2,390,856), respectively . * For the six months ended June 30, 2024
Offsetting of Derivative Assets and Collateral Received by Counterparty	Offsetting of Derivative Assets by Counterparty As of June 30, 2024 Type of Instrument Counterparty Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Gain Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 12,351,746 $ (5,835,531 ) $ 6,516,215 Futures contracts Goldman, Sachs & Co. 11,653,982 (5,478,716 ) 6,175,266 Forward currency contracts NatWest Markets Plc 23,595,491 (23,595,491 ) 0 Centrally cleared swap contracts* Centrally Cleared 21,638,315 (6,952,014 ) 14,686,301 Total derivatives $ 69,239,534 $ (41,861,752 ) $ 27,377,782 * Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Derivative Assets and Collateral Received by Counterparty As of June 30, 2024 Net Amounts of Unrealized Gain Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount UBS Securities LLC $ 6,516,215 $ 0 $ 0 $ 6,516,215 Goldman, Sachs & Co. 6,175,266 0 0 6,175,266 NatWest Markets plc 0 0 0 0 Centrally Cleared 14,686,301 0 0 14,686,301 Total $ 27,377,782 $ 0 $ 0 $ 27,377,782 Offsetting of Derivative Assets by Counterparty As of December 31, 2023 Type of Instrument Counterparty Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Gain Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 7,705,322 $ (7,705,322 ) $ 0 Futures contracts Goldman, Sachs & Co. 7,344,235 (7,344,235 ) 0 Forward currency contracts NatWest Markets Plc 41,529,719 (41,529,719 ) 0 Centrally cleared swap contracts* Centrally Cleared 15,464,848 (4,399,372 ) 11,065,476 Total derivatives $ 72,044,124 $ (60,978,648 ) $ 11,065,476 * Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition. Derivative Assets and Collateral Received by Counterparty As of December 31, 2023 Net Amounts of Unrealized Gain Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount UBS Securities LLC $ 0 $ 0 $ 0 $ 0 Goldman, Sachs & Co. 0 0 0 0 NatWest Markets Plc 0 0 0 0 Centrally Cleared 11,065,476 0 0 11,065,476 Total $ 11,065,476 $ 0 $ 0 $ 11,065,476
Offsetting of Derivative Liabilities and Collateral Pledged by Counterparty	Offsetting of Derivative Liabilities by Counterparty As of June 30, 2024 Type of Instrument Counterparty Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Loss Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 5,835,531 $ (5,835,531 ) $ 0 Futures contracts Goldman, Sachs & Co. 5,478,716 (5,478,716 ) 0 Forward currency contracts NatWest Markets Plc 27,582,141 (23,595,491 ) 3,986,650 Centrally cleared swap contracts Centrally Cleared 6,952,014 (6,952,014 ) 0 Total derivatives $ 45,848,402 $ (41,861,752 ) $ 3,986,650 Derivative Liabilities and Collateral Pledged by Counterparty As of June 30, 2024 Net Amounts of Unrealized Loss Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Pledged Net Amount UBS Securities LLC $ 0 $ 0 $ 0 $ 0 Goldman, Sachs & Co. 0 0 0 0 NatWest Markets Plc 3,986,650 0 (3,986,650 ) 0 Centrally Cleared 0 0 0 0 Total $ 3,986,650 $ 0 $ (3,986,650 ) $ 0 Offsetting of Derivative Liabilities by Counterparty As of December 31, 2023 Type of Instrument Counterparty Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Unrealized Loss Presented in the Statements of Financial Condition Futures contracts UBS Securities LLC $ 12,209,145 $ (7,705,322 ) $ 4,503,823 Futures contracts Goldman, Sachs & Co. 12,912,207 (7,344,235 ) 5,567,972 Forward currency contracts NatWest Markets Plc 44,014,850 (41,529,719 ) 2,485,131 Centrally cleared swap contracts Centrally Cleared 4,399,372 (4,399,372 ) 0 Total derivatives $ 73,535,574 $ (60,978,648 ) $ 12,556,926 Derivative Liabilities and Collateral Pledged by Counterparty As of December 31, 2023 Net Amounts of Unrealized Loss Presented in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Pledged Net Amount UBS Securities LLC $ 4,503,823 $ 0 $ (4,503,823 ) $ 0 Goldman, Sachs & Co. 5,567,972 0 (5,567,972 ) 0 NatWest Markets Plc 2,485,131 0 (2,485,131 ) 0 Centrally Cleared 0 0 0 0 Total $ 12,556,926 $ 0 $ (12,556,926 ) $ 0

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, General Description of the Trust (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)
Series A [Member]
General Description of the Trust [Abstract]
Initial minimum subscription	$ 25,000
Series D [Member]
General Description of the Trust [Abstract]
Initial minimum subscription	25,000
Series W [Member]
General Description of the Trust [Abstract]
Initial minimum subscription	$ 25,000

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Fair Value (Details) - Fair Value on a Recurring Basis [Member] - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Investments [Abstract]
Short term investments	$ 27,389	$ 514,524
Fixed income securities	360,022,840	330,758,807
Total	383,441,361	329,781,881
Exchange-Traded Futures Contracts [Member]
Investments [Abstract]
Other financial instruments	12,691,481	(10,071,795)
Forward Currency Contracts [Member]
Investments [Abstract]
Other financial instruments	(3,986,650)	(2,485,131)
Credit Default Index Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	10,540,513	11,078,458
Interest Rate Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	4,145,788	(12,982)
Level 1 [Member]
Investments [Abstract]
Short term investments	27,389	514,524
Fixed income securities	0	0
Total	12,718,870	(9,557,271)
Level 1 [Member] \| Exchange-Traded Futures Contracts [Member]
Investments [Abstract]
Other financial instruments	12,691,481	(10,071,795)
Level 1 [Member] \| Forward Currency Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 1 [Member] \| Credit Default Index Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 1 [Member] \| Interest Rate Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 2 [Member]
Investments [Abstract]
Short term investments	0	0
Fixed income securities	360,022,840	330,758,807
Total	370,722,491	339,339,152
Level 2 [Member] \| Exchange-Traded Futures Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 2 [Member] \| Forward Currency Contracts [Member]
Investments [Abstract]
Other financial instruments	(3,986,650)	(2,485,131)
Level 2 [Member] \| Credit Default Index Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	10,540,513	11,078,458
Level 2 [Member] \| Interest Rate Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	4,145,788	(12,982)
Level 3 [Member]
Investments [Abstract]
Short term investments	0	0
Fixed income securities	0	0
Total	0	0
Level 3 [Member] \| Exchange-Traded Futures Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 3 [Member] \| Forward Currency Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 3 [Member] \| Credit Default Index Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	0	0
Level 3 [Member] \| Interest Rate Swap Contracts [Member]
Investments [Abstract]
Other financial instruments	$ 0	$ 0

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Income Taxes (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)
Income Taxes [Abstract]
Reserves for uncertain tax positions	$ 0
Increase in unrecognized tax benefits within twelve months	0
Decrease in unrecognized tax benefits within twelve months	$ 0
Federal Tax Authority [Member]
Income Taxes [Abstract]
Open tax years	2020 2021 2022 2023
State Tax Authorities [Member]
Income Taxes [Abstract]
Open tax years	2020 2021 2022 2023

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Offering Costs (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Series A [Member]
Offering Costs [Abstract]
Monthly offering costs percentage	0.04167%
Annualized offering costs percentage	0.50%
Unreimbursed offering costs	$ 78,841	$ 91,015
Series D [Member]
Offering Costs [Abstract]
Monthly offering costs percentage	0.04167%
Annualized offering costs percentage	0.50%
Unreimbursed offering costs	$ 145,551	128,000
Series W [Member]
Offering Costs [Abstract]
Monthly offering costs percentage	0.04167%
Annualized offering costs percentage	0.50%
Unreimbursed offering costs	$ 197,969	$ 199,065

MANAGING OPERATOR AND COMMODI_2

MANAGING OPERATOR AND COMMODITY TRADING ADVISOR (Details)	6 Months Ended
MANAGING OPERATOR AND COMMODITY TRADING ADVISOR (Details)	Jun. 30, 2024
Series A [Member]
Managing Operator and Commodity Trading Advisor [Abstract]
Monthly management fee percentage	0.167%
Annualized management fee percentage	2%
Quarterly performance fee percentage	20%
Series B [Member]
Managing Operator and Commodity Trading Advisor [Abstract]
Monthly management fee percentage	0.167%
Annualized management fee percentage	2%
Quarterly performance fee percentage	20%
Series D [Member]
Managing Operator and Commodity Trading Advisor [Abstract]
Monthly management fee percentage	0.167%
Annualized management fee percentage	2%
Quarterly performance fee percentage	20%
Series W [Member]
Managing Operator and Commodity Trading Advisor [Abstract]
Monthly management fee percentage	0.167%
Annualized management fee percentage	2%
Quarterly performance fee percentage	20%

SALES COMMISSION (Details)

SALES COMMISSION (Details)	6 Months Ended
SALES COMMISSION (Details)	Jun. 30, 2024
Series A [Member]
Sales Commission [Abstract]
Upfront sales commission percentage paid by managing operator	2%
Period of time monthly reimbursement percentage is paid after sale of units	12 months
Monthly reimbursement percentage	0.167%
Annualized reimbursement percentage	2%
Period of time after sale of units monthly trail commission percentage commences	13 months
Monthly trail commission percentage	0.167%
Annualized trail commission percentage	2%
Series B [Member]
Sales Commission [Abstract]
Monthly trail commission percentage	0.167%
Annualized trail commission percentage	2%
Series D [Member]
Sales Commission [Abstract]
Monthly trail commission percentage	0.063%
Annualized trail commission percentage	0.75%

DEPOSITS WITH INTERBANK MARKE_2

DEPOSITS WITH INTERBANK MARKET MAKER (Details)	Jun. 30, 2024 Counterparty
DEPOSITS WITH INTERBANK MARKET MAKER [Abstract]
Number of major rating agencies reporting credit ratings considered investment grade for NatWest	3

SUBSCRIPTIONS, DISTRIBUTIONS _2

SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS [Abstract]
Number of business days advance written notice is required for monthly redemptions	10 days
Series A [Member]
Redemption Fees [Abstract]
Period for which redemption fees apply following purchase	12 months
Redemption fee percentage of Net Asset Value per unit redeemed through the second month-end	1.833%
Redemption fee percentage of Net Asset Value per unit redeemed through the third month-end	1.666%
Redemption fee percentage of Net Asset Value per unit redeemed through the fourth month-end	1.50%
Redemption fee percentage of Net Asset Value per unit redeemed through the fifth month-end	1.333%
Redemption fee percentage of Net Asset Value per unit redeemed through the sixth month-end	1.167%
Redemption fee percentage of Net Asset Value per unit redeemed through the seventh month-end	1%
Redemption fee percentage of Net Asset Value per unit redeemed through the eighth month-end	0.833%
Redemption fee percentage of Net Asset Value per unit redeemed through the ninth month-end	0.667%
Redemption fee percentage of Net Asset Value per unit redeemed through the tenth month-end	0.50%
Redemption fee percentage of Net Asset Value per unit redeemed through the eleventh month-end	0.333%
Redemption fee percentage of Net Asset Value per unit redeemed through the twelfth month-end	0.167%
Redemption fees received by Campbell & Company	$ 915	$ 608

CREDIT DERIVATIVES AND CREDIT_3

CREDIT DERIVATIVES AND CREDIT-RELATED CONTINGENCY FEATURES (Details) - Credit Default Index Swaps [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Credit Derivatives and Credit-Related Contingency Features [Abstract]
Carrying value of credit default index swaps purchased	$ 10,540,513	$ 11,078,458
Maturity date	Jun. 30, 2029	Dec. 31, 2028
Notional amount	$ 529,448,120	$ 651,366,892
Investment Grade [Member]
Credit Derivatives and Credit-Related Contingency Features [Abstract]
Notional amount	338,561,288	468,234,947
Non-Investment Grade [Member]
Credit Derivatives and Credit-Related Contingency Features [Abstract]
Notional amount	$ 190,886,832	$ 183,131,945

TRADING ACTIVITIES AND RELATE_3

TRADING ACTIVITIES AND RELATED RISKS, Derivatives by Instrument Type and Location of Instruments on the Statements of Financial Condition (Details) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		$ 27,377,782	$ 11,065,476
Liability derivatives at fair value		(3,986,650)	(12,556,926)
Not Designated as Hedging Instruments [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		69,239,534	72,044,124
Liability derivatives at fair value		(45,848,402)	(73,535,574)
Net		23,391,132	(1,491,450)
Agriculture Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		10,501,058	2,891,417
Liability derivatives at fair value		(1,366,416)	(4,979,129)
Net		9,134,642	(2,087,712)
Energy Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		2,846,509	713,181
Liability derivatives at fair value		(1,175,597)	(3,495,730)
Net		1,670,912	(2,782,549)
Metal Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		3,091,792	6,898,129
Liability derivatives at fair value		(1,676,338)	(10,044,952)
Net		1,415,454	(3,146,823)
Stock Indices Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		3,362,995	3,118,236
Liability derivatives at fair value		(1,489,802)	(1,639,469)
Net		1,873,193	1,478,767
Short-Term Interest Rate Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		1,746,932	774,634
Liability derivatives at fair value		(1,296,334)	(1,914,820)
Net		450,598	(1,140,186)
Long-Term Interest Rate Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Futures Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		2,456,442	653,960
Liability derivatives at fair value		(4,309,760)	(3,047,252)
Net		(1,853,318)	(2,393,292)
Forward Currency Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Net Unrealized Gain (Loss) on Open Forward Currency Contracts [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value		23,595,491	41,529,719
Liability derivatives at fair value		(27,582,141)	(44,014,850)
Net		(3,986,650)	(2,485,131)
Credit Default Index Swap Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Credit Default Index Swaps [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value	[1]	15,002,172	13,971,793
Liability derivatives at fair value	[1]	(4,461,659)	(2,893,335)
Net	[1]	10,540,513	11,078,458
Interest Rate Swap Contracts [Member] \| Not Designated as Hedging Instruments [Member] \| Interest Rate Swaps [Member]
Derivatives at Fair Value, Net [Abstract]
Asset derivatives at fair value	[1]	6,636,143	1,493,055
Liability derivatives at fair value	[1]	(2,490,355)	(1,506,037)
Net	[1]	$ 4,145,788	$ (12,982)

[1]Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition.

TRADING ACTIVITIES AND RELATE_4

TRADING ACTIVITIES AND RELATED RISKS, Derivatives by Instrument Type (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	$ 1,226,428	$ 1,543,063	$ 37,770,518	$ 22,135,864
Agriculture Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	9,139,048	1,664,427	6,258,284	1,246,653
Energy Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	(9,776,530)	(9,275,140)	(9,900,837)	(8,558,685)
Metal Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	6,161,300	7,002,235	5,071,563	11,467,209
Stock Indices Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	9,109,859	5,756,931	46,452,992	6,288,706
Short-Term Interest Rate Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	5,251,793	5,098,597	9,628,808	6,186,908
Long-Term Interest Rate Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	(416,568)	(6,203,630)	(4,855,021)	(4,960,080)
Forward Currency Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	(17,146,960)	(11,655,242)	(21,207,741)	1,903,702
Credit Default Index Swap Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	(1,684,119)	3,294,856	3,328,363	2,994,150
Interest Rate Swap Contracts [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	$ 588,605	$ 5,860,029	$ 2,994,107	$ 5,567,301

TRADING ACTIVITIES AND RELATE_5

TRADING ACTIVITIES AND RELATED RISKS, Location of Gains and Losses on the Statements of Operations (Details)		3 Months Ended				6 Months Ended
		Jun. 30, 2024 USD ($) Contract		Jun. 30, 2023 USD ($) Contract		Jun. 30, 2024 USD ($) Contract		Jun. 30, 2023 USD ($) Contract
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		$ 1,226,428		$ 1,543,063		$ 37,770,518		$ 22,135,864
Derivatives [Abstract]
Average number of months until maturity for open contracts						3 months
Futures Trading Gains (Losses) - Realized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		8,866,559	[1]	4,878,481	[1]	$ 29,892,512	[2]	4,185,736	[2]
Gains/(losses) on foreign currency cash balances at futures brokers		52,888		(29,355)		22,117		(16,423)
Futures Trading Gains (Losses) - Change in Unrealized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		10,602,343		(835,061)		22,763,276		7,484,976
Forward Currency Trading Gains (Losses) - Realized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		(8,747,069)	[1]	(8,338,102)	[1]	(19,706,221)	[2]	5,838,301	[2]
Gains/(losses) on spot trades in connection with forward currency trading at interbank market maker		(1,046,351)		(2,390,856)		(8,425,416)		(2,836,050)
Forward Currency Trading Gains (Losses) - Change in Unrealized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		(8,399,891)		(3,317,140)		(1,501,519)		(3,934,600)
Swap Trading Gains (Losses) - Realized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)	[2]	(5,583,721)	[1]	4,339,259	[1]	9,572,515		7,766,557
Swap Trading Gains (Losses) - Change in Unrealized [Member]
Gains (Losses) Recognized in Income, Net [Abstract]
Trading gains (losses)		$ 4,488,207		$ 4,815,626		$ (3,250,045)		$ 794,894
Futures Contracts [Member]
Derivatives [Abstract]
Monthly average of contracts bought and sold \| Contract		65,300		70,700		61,500		61,400
Futures Contracts [Member] \| Maximum [Member]
Derivatives [Abstract]
Maturity date for open contracts						Sep. 30, 2025
Forward Currency Contracts [Member]
Derivatives [Abstract]
Monthly average notional value		$ 6,449,500,000		$ 5,802,700,000		$ 6,052,700,000		$ 5,598,200,000
Forward Currency Contracts [Member] \| Maximum [Member]
Derivatives [Abstract]
Maturity date for open contracts						Sep. 30, 2024
Centrally Cleared Swap Contracts [Member]
Derivatives [Abstract]
Monthly average notional value		$ 9,210,500,000		$ 5,336,700,000		$ 9,294,700,000		$ 4,595,500,000
Centrally Cleared Swap Contracts [Member] \| Maximum [Member]
Derivatives [Abstract]
Maturity date for open contracts						Sep. 30, 2029

[1]For the three months ended June 30, 2024 and 2023, the amounts above include gains (losses) on foreign currency cash balances at the futures brokers of $52,888 and $(29,355), respectively, and gains (losses) on spot trades in connection with forward currency trading at the interbank market maker of $(1,046,351) and $(2,390,856), respectively.[2]For the six months ended June 30, 2024

TRADING ACTIVITIES AND RELATE_6

TRADING ACTIVITIES AND RELATED RISKS, Credit Risk (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
TRADING ACTIVITIES AND RELATED RISKS [Abstract]
Percentage of Net Asset Value required for margin and good faith deposits, low end	10%
Percentage of Net Asset Value required for margin and good faith deposits, high end	30%
Fair value of securities held to satisfy margin and good faith deposits	$ 80,820,668	$ 55,103,441
Margin and good faith deposits as a percentage of Net Asset Value	16%	11%
Restricted cash for margin requirements	$ 81,599,261	$ 92,277,574
Restricted cash for margin requirements as a percentage of Net Asset Value	16%	19%
Maximum margin-to-equity ratio	30%

TRADING ACTIVITIES AND RELATE_7

TRADING ACTIVITIES AND RELATED RISKS, Offsetting of Derivative Assets and Collateral Received by Counterparty (Details) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Offsetting of Derivative Assets by Counterparty [Abstract]
Gross amounts of recognized assets		$ 69,239,534	$ 72,044,124
Gross amounts offset in the Statements of Financial Condition		(41,861,752)	(60,978,648)
Net amounts of unrealized gain presented in the Statements of Financial Condition		27,377,782	11,065,476
Derivative Assets and Collateral Received by Counterparty [Abstract]
Net amounts of unrealized gain presented in the Statements of Financial Condition		27,377,782	11,065,476
Gross amounts not offset in the Statements of Financial Condition - Financial instruments		0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral received		0	0
Net amount		27,377,782	11,065,476
Futures Contracts [Member] \| UBS Securities LLC [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Assets by Counterparty [Abstract]
Gross amounts of recognized assets		12,351,746	7,705,322
Gross amounts offset in the Statements of Financial Condition		(5,835,531)	(7,705,322)
Net amounts of unrealized gain presented in the Statements of Financial Condition		6,516,215	0
Derivative Assets and Collateral Received by Counterparty [Abstract]
Net amounts of unrealized gain presented in the Statements of Financial Condition		6,516,215	0
Gross amounts not offset in the Statements of Financial Condition - Financial instruments		0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral received		0	0
Net amount		6,516,215	0
Futures Contracts [Member] \| Goldman, Sachs & Co. [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Assets by Counterparty [Abstract]
Gross amounts of recognized assets		11,653,982	7,344,235
Gross amounts offset in the Statements of Financial Condition		(5,478,716)	(7,344,235)
Net amounts of unrealized gain presented in the Statements of Financial Condition		6,175,266	0
Derivative Assets and Collateral Received by Counterparty [Abstract]
Net amounts of unrealized gain presented in the Statements of Financial Condition		6,175,266	0
Gross amounts not offset in the Statements of Financial Condition - Financial instruments		0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral received		0	0
Net amount		6,175,266	0
Forward Currency Contracts [Member] \| NatWest Markets Plc [Member] \| Over-the-Counter [Member]
Offsetting of Derivative Assets by Counterparty [Abstract]
Gross amounts of recognized assets		23,595,491	41,529,719
Gross amounts offset in the Statements of Financial Condition		(23,595,491)	(41,529,719)
Net amounts of unrealized gain presented in the Statements of Financial Condition		0	0
Derivative Assets and Collateral Received by Counterparty [Abstract]
Net amounts of unrealized gain presented in the Statements of Financial Condition		0	0
Gross amounts not offset in the Statements of Financial Condition - Financial instruments		0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral received		0	0
Net amount		0	0
Centrally Cleared Swap Contracts [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Assets by Counterparty [Abstract]
Gross amounts of recognized assets	[1]	21,638,315	15,464,848
Gross amounts offset in the Statements of Financial Condition	[1]	(6,952,014)	(4,399,372)
Net amounts of unrealized gain presented in the Statements of Financial Condition	[1]	14,686,301	11,065,476
Derivative Assets and Collateral Received by Counterparty [Abstract]
Net amounts of unrealized gain presented in the Statements of Financial Condition	[1]	14,686,301	11,065,476
Gross amounts not offset in the Statements of Financial Condition - Financial instruments		0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral received		0	0
Net amount		$ 14,686,301	$ 11,065,476

[1]Amount of centrally cleared swap contracts is not reconciled with the statements of financial condition due to variation margin amount included within cash at swaps broker in the statements of financial condition.

TRADING ACTIVITIES AND RELATE_8

TRADING ACTIVITIES AND RELATED RISKS, Offsetting of Derivative Liabilities and Collateral Pledged by Counterparty (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Offsetting of Derivative Liabilities by Counterparty [Abstract]
Gross amounts of recognized liabilities	$ 45,848,402	$ 73,535,574
Gross amounts offset in the Statements of Financial Condition	(41,861,752)	(60,978,648)
Net amounts of unrealized loss presented in the Statements of Financial Condition	3,986,650	12,556,926
Derivative Liabilities and Collateral Pledged by Counterparty [Abstract]
Net amounts of unrealized loss presented in the Statements of Financial Condition	3,986,650	12,556,926
Gross amounts not offset in the Statements of Financial Condition - Financial instruments	0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral pledged	(3,986,650)	(12,556,926)
Net amount	0	0
Futures Contracts [Member] \| UBS Securities LLC [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Liabilities by Counterparty [Abstract]
Gross amounts of recognized liabilities	5,835,531	12,209,145
Gross amounts offset in the Statements of Financial Condition	(5,835,531)	(7,705,322)
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	4,503,823
Derivative Liabilities and Collateral Pledged by Counterparty [Abstract]
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	4,503,823
Gross amounts not offset in the Statements of Financial Condition - Financial instruments	0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral pledged	0	(4,503,823)
Net amount	0	0
Futures Contracts [Member] \| Goldman, Sachs & Co. [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Liabilities by Counterparty [Abstract]
Gross amounts of recognized liabilities	5,478,716	12,912,207
Gross amounts offset in the Statements of Financial Condition	(5,478,716)	(7,344,235)
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	5,567,972
Derivative Liabilities and Collateral Pledged by Counterparty [Abstract]
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	5,567,972
Gross amounts not offset in the Statements of Financial Condition - Financial instruments	0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral pledged	0	(5,567,972)
Net amount	0	0
Forward Currency Contracts [Member] \| NatWest Markets Plc [Member] \| Over-the-Counter [Member]
Offsetting of Derivative Liabilities by Counterparty [Abstract]
Gross amounts of recognized liabilities	27,582,141	44,014,850
Gross amounts offset in the Statements of Financial Condition	(23,595,491)	(41,529,719)
Net amounts of unrealized loss presented in the Statements of Financial Condition	3,986,650	2,485,131
Derivative Liabilities and Collateral Pledged by Counterparty [Abstract]
Net amounts of unrealized loss presented in the Statements of Financial Condition	3,986,650	2,485,131
Gross amounts not offset in the Statements of Financial Condition - Financial instruments	0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral pledged	(3,986,650)	(2,485,131)
Net amount	0	0
Centrally Cleared Swap Contracts [Member] \| Exchange-Traded [Member]
Offsetting of Derivative Liabilities by Counterparty [Abstract]
Gross amounts of recognized liabilities	6,952,014	4,399,372
Gross amounts offset in the Statements of Financial Condition	(6,952,014)	(4,399,372)
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	0
Derivative Liabilities and Collateral Pledged by Counterparty [Abstract]
Net amounts of unrealized loss presented in the Statements of Financial Condition	0	0
Gross amounts not offset in the Statements of Financial Condition - Financial instruments	0	0
Gross amounts not offset in the Statements of Financial Condition - Cash collateral pledged	0	0
Net amount	$ 0	$ 0