Wed, May 14, 6:58 PM (33 days ago)
**The Campbell Fund Trust (Ticker: Not Provided) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $36,692,293 (Q1 2024: $35,691,467) - **Profit Margins:** Net income of $36,049,572 (Q1 2024: $36,912,918) - **Cash Flow:** Net cash from operating activities of $28,562,594 (Q1 2024: $16,713,996) - **Earnings Changes:** Net income decreased by $863,346 compared to Q1 2024. - **Net Asset Value (NAV) per Unit:** - Series A: $4,653.00 (Q1 2024: $4,027.24) - Series B: $5,175.53 (Q1 2024: $4,466.07) - Series D: $1,899.72 (Q1 2024: $1,631.99) - Series W: $5,887.82 (Q1 2024: $5,037.76) **Quarterly Performance Discussion:** - **Trading Gains/Losses:** - Futures trading gains: $18,952,696 (Q1 2024: $21,025,953) - Forward currency trading gains: $24,903,166 (Q1 2024: -$10,959,151) - Swap trading losses: -$7,088,099 (Q1 2024: $15,156,235) - **Investment Income:** $5,939,453 (Q1 2024: $6,309,657) - **Expenses:** $6,582,174 (Q1 2024: $5,088,206) - **Net Investment Income:** -$642,721 (Q1 2024: $1,221,451) **Trends & Uncertainties:** - **Market Risk:** The Trust is exposed to market risk from changes in fair value of contracts and credit risk from counterparty non-performance. - **Liquidity:** The Trust maintains 60% to 75% of its net asset value in cash or liquid positions to meet redemptions. - **Future Operations Impact:** The Trust plans to extend its term in perpetuity, subject to other termination events. **Notable Figures:** - **Total Assets:** $643,242,814 (Q1 2024: $587,295,449) - **Total Liabilities:** $5,770,098 (Q1 2024: $11,202,924) - **Total Unitholders’ Capital (NAV):** $637,472,716 (Q1 2024: $576,092,525) **Conclusion:** The Campbell Fund Trust experienced a slight decline in net income compared to Q1 2024, primarily due to lower futures trading gains and increased expenses. However, the Trust maintained strong liquidity and saw significant gains in forward currency trading. The Trust continues to manage market and credit risks while planning for long-term operations.