65 unchanged sentences
Australian Dollar deposits, interest bearing
+Added: Australian Dollar deposits, non-interest bearing
Receivable from accrued interest
15 unchanged sentences
Sponsor’s fee
−Removed: Interest Expense on currency deposits
Total Expenses
12 unchanged sentences
Net Increase (Decrease) due to Share Transactions
+Added: Distributions
Net Comprehensive Income (Loss)
13 unchanged sentences
Net Increase (Decrease) due to Share Transactions
−Removed: Distributions
Net Comprehensive Income (Loss)
34 unchanged sentences
The Transaction Agreement was consummated on April 6, 2018 (the “Closing”) and immediately following the Closing, Invesco Capital Management changed the name of the Sponsor to Invesco Specialized Products, LLC.
−Removed: On January 9, 2019, the Sponsor changed the Trust’s fiscal year from the period beginning on November 1 and ending on October 31 to the period beginning on January 1 and ending on December 31.
−Removed: Unless otherwise noted, all references to “years” in this report refer to the twelve-month fiscal year, which prior to November 1, 2018 ended on October 31 and beginning after December 31, 2018 ends on December 31 of each year.
Note 2 – Organization
39 unchanged sentences
Distributions paid
−Removed: There was no income distribution for the month ended December 31, 2021.
+Added: An income distribution for the month ended December 31, 2022 was paid on January 10, 2023 to holders of record as of January 4, 2023 at a rate of $ 0.02741 per Share and a total distribution of $ 32,892 .
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 year ended December 31, 2021 was the Sponsor’s fee.
−Removed: The only expenses of the Trust during the year ended December 31, 2020 were the Sponsor’s fee and interest expense on currency deposits.
+Added: The only expense of the Trust during the years ended December 31, 2022 and 2021 was the Sponsor’s fee.
Federal Income Taxes
27 unchanged sentences
For the year ended December 31, 2022, there were Australian Dollar principal deposits of 34,667,570 , Australian Dollar principal redemptions of 49,506,491 and Australian Dollar withdrawals (to pay expenses) of 407,222 , resulting in an ending Australian Dollar principal balance of 118,776,794 .
−Removed: This equates to 97,441,463 USD.
+Added: This equates to 80,548,483 USD (which includes USD redemptions payable).
For the year ended December 31, 2021, there were Australian Dollar principal deposits of 14,935,112 , Australian Dollar principal redemptions of 84,490,117 and Australian Dollar withdrawals (to pay expenses) of 745,508 , resulting in an ending Australian Dollar principal balance of 134,022,937 .
21 unchanged sentences
Due to expected continuing creations and redemptions of Baskets and the two-day period for settlement of each creation or redemption, the Trust reflects Shares created as a receivable on the trade date.
−Removed: Shares redeemed are reflected as a liability on the trade
+Added: Shares redeemed are reflected as a liability on the trade date.
Outstanding Shares are reflected at redemption value, which is the NAV per Share at the period end date.
4 unchanged sentences
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.
−Removed: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
+Added: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding
Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share;
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.