What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2026-03-02 compared with 2025-02-26 · 20 added, 15 removed, 264 unchanged (12% of the section changed)

17 unchanged sentences

We, Brian Hartigan, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2025.

In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control—Integrated Framework (2013).

In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control—Integrated Framework (2013).

Based on our assessment and those criteria, we have concluded that the Trust maintained effective internal control over financial reporting as of December 31, 2025.

3 unchanged sentences

Principal Executive Officer

/S/ K ELLI G ALLEGOS

/S/ KELLI GALLEGOS

Kelli Gallegos

24 unchanged sentences

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

A company’s internal control over financial

reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;

and (iii) provide reasonable assurance regarding prevention or timely

detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

12 unchanged sentences

Australian Dollar deposits, non-interest bearing

Dollar cash at Depository

Receivable from accrued interest

Australian Dollar deposits, non-interest bearing, overdrawn

Redemptions payable

Accrued Sponsor’s fee

65 unchanged sentences

Redemptions of redeemable capital Shares

Increase (decrease) in payable for Australian Dollar deposits overdrawn

Net cash provided by (used in) financing activities

34 unchanged sentences

Segment Reporting

In November 2023, the FASB issued Accounting Standards Update 2023-07, Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures (“ ASU 2023-07 ”), with the intent of improving reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment's profit or loss and assess potential future cash flows for each reportable segment and the entity as a whole thereby enabling better understanding of how an entity's segments impact overall performance.

The Trust represents a single operating segment.

Subject to the oversight and, when applicable, approval of the Board of Managers, the Trust's Sponsor acts as the Trust's chief operating decision maker (“CODM”), assessing performance and making decisions about resource allocation.

The Trust represents a single operating segment, in accordance with ASC 280, Segment Reporting.

Subject to the oversight and, when applicable, approval of the Board of Managers, portfolio managers and senior executives at the Sponsor act as the Trust’s chief operating decision maker (“CODM”), assessing performance and making decisions about resource allocation within the Trust.

The CODM monitors the operating results as a whole, and the Trust’s long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy.

The financial information provided to and reviewed by the CODM is consistent with that presented in the Trust’s financial statements.

Adoption of the new standard impacted the Trust's financial statement note disclosures only and did no t affect the Trust's financial position or the results of its operations.

Foreign Currency Translation

7 unchanged sentences

The redeemable capital Shares are adjusted to redemption value and these adjustments are recorded against retained earnings.

The Trust may hold a USD cash balance to pay the Trust’s expenses and distribute excess interest.

These amounts are reflected as U.S.

Dollar cash at Depository on the Statements of Financial Condition.

Interest Income

28 unchanged sentences

federal income tax purposes, an accrual-basis U.S.

Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent of the amount of the Sponsor’s fee that is accrued on each day, with such USD-equivalent being determined by the currency exchange rate that is in effect on the respective day.

effect on the respective day.

To the extent that the currency exchange rate on the date of payment of the accrued amount of the Sponsor’s fee differs from the currency exchange rate in effect on the day of accrual, the U.S.

16 unchanged sentences

For the year ended December 31, 2025, there were Australian Dollar principal deposits of 79,184,529 and Australian Dollar principal redemptions of 54,439,364 resulting in an ending Australian Dollar principal balance of 128,674,860 .

This equates to 64,347,970 USD.

This equates to 85,806,694 USD (which includes USD redemptions payable).

For the year ended December 31, 2024 , there were Australian Dollar principal deposits of 54,439,364 and Australian Dollar principal redemptions of 64,337,430 resulting in an ending Australian Dollar principal balance of 103,929,695 .

17 unchanged sentences

Individual investors cannot purchase or redeem Shares in direct transactions with the Trust.

Only Authorized Participants (as defined below) may place orders to

create and redeem Baskets.

An Authorized Participant is a Depository Trust Company (“DTC”) participant that is a registered broker-dealer or other institution eligible to settle securities transactions through the book-entry facilities of the DTC and which has entered into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process.

Only Authorized Participants (as defined below) may place orders to create and redeem Baskets.

into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process.

Authorized Participants may redeem their Shares at any time in Baskets.

17 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data