What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2022-05-06 compared with 2021-11-05 · 19 added, 66 removed, 191 unchanged (31% of the section changed)

2 unchanged sentences

Statements of Financial Condition

September 30, 2021 and December 31, 2020

September 30, 2021

March 31, 2022 and December 31, 2021

March 31, 2022

December 31, 2021

5 unchanged sentences

Redeemable Capital Shares, at redemption value, no par value,

1,650,000 and 2,050,000 issued and outstanding, respectively

1,350,000 and 1,350,000 issued and

outstanding, respectively

Shareholders’ Equity:

4 unchanged sentences

Statements of Comprehensive Income

For the Three and Nine Months Ended September 30, 2021 and 2020

For the Three Months Ended March 31, 2022 and 2021

Three Months Ended

Nine Months Ended

September 30,

Interest Income

Sponsor’s fee

Interest Expense on currency deposits

Total Expenses

5 unchanged sentences

Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares

For the Three Months Ended September 30, 2021

Retained Earnings

Total Shareholders' Equity

Redeemable Capital Shares

Balance at June 30, 2021

Purchases of Shares

Redemption of Shares

Net Increase (Decrease) due to Share Transactions

Net Comprehensive Income (Loss)

Adjustment of Redeemable Capital Shares to

Redemption Value related to Retained Earnings

Adjustment of Redeemable Capital Shares to Redemption Value

Balance at September 30, 2021

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

Invesco CurrencyShares ® Australian Dollar Trust

Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares

For the Three Months Ended September 30, 2020

Retained Earnings

Total Shareholders' Equity

Redeemable Capital Shares

Balance at June 30, 2020

Purchases of Shares

Redemption of Shares

Net Increase (Decrease) due to Share Transactions

Net Comprehensive Income (Loss)

Adjustment of Redeemable Capital Shares to

Redemption Value related to Retained Earnings

Adjustment of Redeemable Capital Shares to Redemption Value

Balance at September 30, 2020

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

Invesco CurrencyShares ® Australian Dollar Trust

Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares

For the Nine Months Ended September 30, 2021

For the Three Months Ended March 31, 2022

Retained Earnings

9 unchanged sentences

Adjustment of Redeemable Capital Shares to Redemption Value

Balance at September 30, 2021

Balance at March 31, 2022

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

For the Nine Months Ended September 30, 2020

For the Three Months Ended March 31, 2021

Retained Earnings

5 unchanged sentences

Net Increase (Decrease) due to Share Transactions

Distributions

Net Comprehensive Income (Loss)

2 unchanged sentences

Adjustment of Redeemable Capital Shares to Redemption Value

Balance at September 30, 2020

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 Cash Flows

For the Nine Months Ended September 30, 2021 and 2020

Nine Months Ended September 30,

For the Three Months Ended March 31, 2022 and 2021

Three Months Ended March 31,

Cash flows from operating activities

3 unchanged sentences

Change in operating assets and liabilities:

Receivable from accrued interest

Accrued Sponsor’s fee

1 unchanged sentence

Cash flows from financing activities

Distributions paid to shareholders

Proceeds from purchases of redeemable capital Shares

10 unchanged sentences

Notes to Unaudited Financial Statements

September 30, 2021

March 31, 2022

Note 1 – Background

13 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.

This Quarterly Report (the “Report”) covers the three and nine months ended September 30, 2021 and 2020.

This Quarterly Report (the “Report”) covers the three months ended March 31, 2022 and 2021.

The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

29 unchanged sentences

The Trustee (as defined below) will direct that the excess Australian Dollars be converted into USD at the prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).

The table below shows distributions per Share and in total for the periods presented:

Three Months Ended

Nine Months Ended

September 30,

Distributions per Share

Distributions paid

There was no income distribution for the month ended September 30, 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.

The only expense of the Trust during the three and nine months ended September 30, 2021 and the three months ended September 30, 2020 was the Sponsor’s fee.

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.

The only expense of the Trust during the three months ended March 31, 2022 and 2021 was the Sponsor’s fee.

Federal Income Taxes

25 unchanged sentences

Australian Dollar principal deposits are held in an Australian Dollar-denominated, interest-bearing demand account.

The interest rate in effect as of September 30, 2021 was an annual nominal rate of 0.00 %.

For the nine months ended September 30, 2021, there were Australian Dollar principal deposits of 14,935,112 , Australian Dollar principal redemptions of 54,716,972 and Australian Dollar withdrawals (to pay expenses) of 582,078 , resulting in an ending Australian Dollar principal balance of 163,959,512 .

The interest rate in effect as of March 31, 2022 was an annual nominal rate of 0.00 %.

For the three months ended March 31, 2022, there were Australian Dollar principal deposits of 4,957,850 , Australian Dollar principal redemptions of 4,960,081 and Australian Dollar withdrawals (to pay expenses) of 138,969 , resulting in an ending Australian Dollar principal balance of 133,881,737 .

This equates to 100,538,232 USD.

28 unchanged sentences

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.

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.

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.

The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.

2 unchanged sentences

Note 8 – Commitments and Contingencies

The Trust’s organizational documents provide for the Trust to indemnify the Sponsor and any affiliate of the Sponsor that provides services to the Trust to the maximum extent permitted by applicable law, subject to certain exceptions for disqualifying conduct by the Sponsor or such an affiliate.

conduct by the Sponsor or such an affiliate.

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.

2 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-Q

Item 1. Financial Statements