2 unchanged sentences
Statements of Financial Condition
−Removed: September 30, 2020 and December 31, 2019
−Removed: September 30, 2020
+Added: March 31, 2021 and December 31, 2020
+Added: March 31, 2021
December 31, 2020
Australian Dollar deposits, interest bearing
−Removed: Receivable from accrued interest
−Removed: Redemption Payable
Accrued Sponsor’s fee
11 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three and Nine Months Ended September 30, 2020 and 2019
+Added: For the Three Months Ended March 31, 2021 and 2020
Three Months Ended
−Removed: Nine Months Ended
−Removed: September 30,
−Removed: September 30,
Interest Income
8 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended September 30, 2020
−Removed: Retained Earnings
−Removed: Total Shareholders' Equity
−Removed: Redeemable Capital Shares
−Removed: Balance at June 30, 2020
−Removed: Purchases of Shares
−Removed: Redemption of Shares
−Removed: Net Increase (Decrease) due to Share Transactions
−Removed: Distributions
−Removed: Net Comprehensive Income (Loss)
−Removed: Adjustment of Redeemable Capital Shares to
−Removed: Redemption Value related to Retained Earnings
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2020
−Removed: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
−Removed: Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended September 30, 2019
−Removed: Retained Earnings
−Removed: Total Shareholders' Equity
−Removed: Redeemable Capital Shares
−Removed: Balance at June 30, 2019
−Removed: Purchases of Shares
−Removed: Redemption of Shares
−Removed: Net Increase (Decrease) due to Share Transactions
−Removed: Distributions
−Removed: Net Comprehensive Income (Loss)
−Removed: Adjustment of Redeemable Capital Shares to
−Removed: Redemption Value related to Retained Earnings
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2019
−Removed: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
−Removed: Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Nine Months Ended September 30, 2020
+Added: For the Three Months Ended March 31, 2021
Retained Earnings
5 unchanged sentences
Net Increase (Decrease) due to Share Transactions
−Removed: Distributions
Net Comprehensive Income (Loss)
2 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2020
+Added: Balance at March 31, 2021
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Nine Months Ended September 30, 2019
+Added: For the Three Months Ended March 31, 2020
Retained Earnings
10 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2019
+Added: Balance at March 31, 2020
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Cash Flows
−Removed: For the Nine Months Ended September 30, 2020 and 2019
−Removed: Nine Months Ended September 30,
+Added: For the Three Months Ended March 31, 2021 and 2020
+Added: Three Months Ended March 31,
Cash flows from operating activities
21 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: September 30, 2020
+Added: March 31, 2021
Note 1 – Background
12 unchanged sentences
The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis.
−Removed: This Quarterly Report (the “Report”) covers the three and nine months ended September 30, 2020 and 2019.
+Added: This Quarterly Report (the “Report”) covers the three months ended March 31, 2021 and 2020.
The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
31 unchanged sentences
Three Months Ended
−Removed: Nine Months Ended
−Removed: September 30,
−Removed: September 30,
Distributions per Share
Distributions paid
−Removed: There was no income distribution for the month ended September 30, 2020.
+Added: There was no income distribution for the month ended March 31, 2021.
Routine Operational, Administrative and Other Ordinary Expenses
5 unchanged sentences
These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from negative interest rates, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $ 100,000 per year.
−Removed: The only expense of the Trust during the three months ended September 30, 2020 and three and nine months ended September 30, 2019 was the Sponsor’s fee.
−Removed: The only expenses of the Trust during the nine months ended September 30, 2020 were the Sponsor’s fee and interest expense on currency deposits.
+Added: The only expense of the Trust during the three months ended March 31, 2021 was the Sponsor’s fee.
+Added: The only expenses of the Trust during the three months ended March 31, 2020 were the Sponsor’s fee and interest expense on currency deposits.
Federal Income Taxes
25 unchanged sentences
Australian Dollar principal deposits are held in an Australian Dollar-denominated, interest-bearing demand account.
−Removed: The interest rate in effect as of September 30, 2020 was an annual nominal rate of 0.00 %.
−Removed: For the nine months ended September 30, 2020, there were Australian Dollar principal deposits of 109,790,595 , Australian Dollar principal redemptions of 24,964,357 and Australian Dollar withdrawals (to pay expenses) of 310,988 , resulting in an ending Australian Dollar principal balance of 214,504,742 .
−Removed: This equates to 153,746,231 USD (which includes USD redemptions payable).
+Added: The interest rate in effect as of March 31, 2021 was an annual nominal rate of 0.00 %.
+Added: For the three months ended March 31, 2021, there were Australian Dollar principal deposits of 14,935,112 , Australian Dollar principal redemptions of 9,956,467 and Australian Dollar withdrawals (to pay expenses) of 203,469 , resulting in an ending Australian Dollar principal balance of 209,098,626 .
+Added: This equates to 159,259,970 USD.
For the year ended December 31, 2020, there were Australian Dollar principal deposits of 114,776,341 , Australian Dollar principal redemptions of 39,913,155 and Australian Dollar withdrawals (to pay expenses) of 529,228 , resulting in an ending Australian Dollar principal balance of 204,323,450 .
−Removed: This equates to 91,376,174 USD (which includes USD redemptions payable).
+Added: This equates to 157,666,229 USD.
Net interest, if any, associated with creation and redemption activity is held in an Australian Dollar-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.
24 unchanged sentences
To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the Australian Dollars held by the Trust (including all unpaid interest, if any, accrued through the preceding day) and calculates the value of the Australian Dollars in USD based upon the Closing Spot Rate.
−Removed: If, on a particular evaluation day, the Closing Spot Rate has not been determined and announced by 6:00 PM (London time), then the most recent Closing Spot Rate will be used to determine the NAV of the Trust unless the Trustee, in consultation with the Sponsor, determines that
−Removed: such price is inappropriate to use as the basis for the valuation.
−Removed: If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Australian Dollars, they will determine an alternative basis for the valuation.
+Added: If, on a particular evaluation day, the Closing Spot Rate has not been determined and announced by 6:00 PM (London time), then the most recent Closing Spot Rate will be used to determine the NAV of the Trust unless the Trustee, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for the valuation.
+Added: If the Trustee and the Sponsor determine that the most recent Closing
+Added: Spot Rate is not an appropriate basis for valuation of the Trust’s Australian Dollars, they will determine an alternative basis for the valuation.
The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
7 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.