CAMPBELL FUND TRUST

CIK:0001043951|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Futures trading gains (losses)
Realized	$ (2,591,449)	$ (28,180,760)	$ 25,441,714	$ (9,228,064)
Change in unrealized	(27,284,267)	8,587,137	(23,127,239)	10,680,444
Brokerage commissions	(1,258,213)	(1,175,187)	(2,563,465)	(2,236,346)
Net gain (loss) from futures trading	(31,133,929)	(20,768,810)	(248,990)	(783,966)
Forward currency trading gains (losses)
Realized	16,104,573	(9,706,901)	37,884,558	15,196,265
Change in unrealized	4,958,150	(11,206,517)	15,930,503	(18,434,648)
Brokerage commissions	(73,793)	(88,953)	(142,586)	(178,889)
Net gain (loss) from forward currency trading	20,988,930	(21,002,371)	53,672,475	(3,417,272)
Swap trading gains (losses)
Realized	(4,548,721)	13,186,054	(4,023,622)	6,097,954
Change in unrealized	8,112,157	(8,556,505)	(3,784,788)	(2,346,056)
Net gain (loss) from swap trading	3,563,436	4,629,549	(7,808,410)	3,751,898
Total net trading gain (loss)	(6,581,563)	(37,141,632)	45,615,075	(449,340)
Investment income
Interest income	6,009,973	6,797,643	11,332,551	12,753,568
Realized gain (loss) on fixed income securities	6,617	5,379	(249)	87,470
Change in unrealized gain (loss) on fixed income securities	(157,243)	34,252	(690,533)	(64,310)
Total investment income (loss)	5,859,347	6,837,274	10,641,769	12,776,728
Expenses
Management fee	3,391,742	3,153,800	6,670,553	6,230,120
Sales commission	2,800,481	2,667,271	5,517,341	5,277,682
Operating expenses	418,121	329,480	825,614	650,488
Performance fee	0	0	0	574,435
Total expenses	6,610,344	6,150,551	13,013,508	12,732,725
Net investment income (loss)	(750,997)	686,723	(2,371,739)	44,003
NET INCOME (LOSS)	$ (7,332,560)	$ (36,454,909)	$ 43,243,336	$ (405,337)
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)	$ (52.9)	$ (263.11)	$ 285.17	$ (4.26)
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ (54.94)	$ (266.61)	$ 281.13	$ 1.24
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	107,231.378	105,095.045	107,143.338	102,451.235
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)	$ (58.11)	$ (292.56)	$ 321.66	$ 10.41
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ (58.54)	$ (292.54)	$ 318.68	$ 10.04
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	7,841.887	8,445.556	7,894.542	8,444.767
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)	$ (17.2)	$ (101.03)	$ 124.14	$ (12.32)
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ (18.18)	$ (104.01)	$ 124.57	$ 4.97
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	44,551.934	28,247.097	43,669.29	25,666.624
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)	$ (39.12)	$ (304.87)	$ 422.87	$ 22.91
INCREASE (DECREASE) IN NET ASSET VALUE PER MANAGING OPERATOR AND OTHER UNITHOLDERS' UNIT (in dollars per unit)	$ (45.94)	$ (311.87)	$ 409.9	$ 16.87
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING DURING THE PERIOD (in units)	11,205.41	11,411.806	11,181.412	11,307.227

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from (for) operating activities
Net income (loss)	$ 43,243,336	$ (405,337)
Adjustments to reconcile net income (loss) to net cash from (for) operating activities
Net change in unrealized on futures, forwards, swaps and investments	11,672,057	10,164,570
(Increase) decrease in interest receivable	(531,472)	(137,785)
(Increase) decrease in due from swaps broker	(154,322)	50,822
Increase (decrease) in payable to custodian	(20,029)	(7,165,000)
Increase (decrease) in accounts payable and accrued expenses	292,258	234,141
Net purchases from swaps broker	(3,071,587)	6,243,811
Purchases of investments	(2,765,468,704)	(2,465,212,574)
Sales/maturities of investments	2,737,615,874	2,422,495,792
Net cash from (for) operating activities	23,577,411	(33,731,560)
Cash flows from (for) financing activities
Addition of units	26,929,928	77,686,747
Redemption of units	(17,186,246)	(13,728,259)
Offering costs paid	(864,332)	(1,082,626)
Net cash from (for) financing activities	8,879,350	62,875,862
Net increase (decrease) in cash, cash equivalents and restricted cash	32,456,761	29,144,302
Cash, cash equivalents and restricted cash at beginning of period	186,839,437	161,488,165
Cash, cash equivalents and restricted cash at end of period	$ 219,296,198	$ 190,632,467

STATEMENTS OF FINANCIAL CONDITION - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Equity in futures brokers trading accounts
Cash	$ 50,500,840	$ 33,986,212
Restricted cash	27,691,486	0
Fixed income securities (cost $95,110,973 and $96,427,537, respectively)	95,107,112	96,451,407
Net unrealized gain (loss) on open futures contracts	(13,566,218)	9,561,021
Total equity in futures brokers trading accounts	159,733,220	139,998,640
Cash and cash equivalents	7,328,351	7,433,112
Cash at interbank market makers	20,042,548	14,373,620
Restricted cash at interbank market makers	45,835,640	63,678,190
Short term investments (cost $31,844 and $16,788,616, respectively)	31,844	16,788,616
Cash at swaps broker	43,124,246	34,393,320
Restricted cash at swaps broker	24,773,087	32,974,983
Fixed income securities (cost $354,426,095 and $308,499,930, respectively)	354,160,533	308,897,170
Interest rate swaps	1,451,540	2,150,463
Due from swaps broker	537,686	383,364
Net unrealized gain on open forward currency contracts	19,488,752	3,558,249
Interest receivable	1,991,055	1,459,583
Subscriptions receivable	0	75,000
Total assets	678,498,502	626,164,310
LIABILITIES
Redemptions payable	1,380,891	4,794,974
Management fee payable	1,118,604	1,031,563
Payable to custodian	0	20,029
Sales commission payable	889,722	830,132
Accounts payable	423,300	288,963
Credit default index swaps	31,294	17,017
Offering costs payable	159,340	145,042
Accrued commissions and other trading fees on open contracts	109,844	98,554
Total liabilities	4,112,995	7,226,274
UNITHOLDERS' CAPITAL (Net Asset Value)
Total unitholders' capital (Net Asset Value)	674,385,507	618,938,036
Total liabilities and unitholders' capital (Net Asset Value)	678,498,502	626,164,310
Series A Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	483,455,437	447,960,506
Series B Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	38,874,347	37,818,957
Series D Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	86,297,760	72,806,684
Series W Units - Redeemable [Member]
UNITHOLDERS' CAPITAL (Net Asset Value)
Other Unitholders	$ 65,757,963	$ 60,351,889