65 unchanged sentences
British Pound Sterling deposits, interest bearing
−Removed: British Pound Sterling deposits, non-interest bearing
Receivable from accrued interest
29 unchanged sentences
Redemption of Shares
−Removed: ( 107,729,908
Net Increase (Decrease) due to Share Transactions
39 unchanged sentences
( 107,729,908
−Removed: ( 135,687,854
Increase (decrease) in payable for British Pound Sterling deposits overdrawn
34 unchanged sentences
In addition, the Trust monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are issued.
+Added: Segment Reporting
+Added: In November 2023, the FASB issued Accounting Standards Update 2023-07, Segment Reporting (Topic 280):
+Added: 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.
+Added: The Trust represents a single operating segment.
+Added: 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.
+Added: 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.
+Added: The financial information provided to and reviewed by the CODM is consistent with that presented in the Trust's financial statements.
+Added: Adoption of the new standard impacted the Trust's financial statement note disclosures only and did not affect the Trust's financial position or the results of its operations.
Foreign Currency Translation
45 unchanged sentences
federal income tax with respect to gain recognized upon the sale or other disposition of Shares, or upon the sale of British Pounds Sterling by the Trust, unless:
−Removed: (1) the non-U.S.
Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources;
10 unchanged sentences
This equates to 60,154,130 USD.
−Removed: For the year ended December 31, 2022, there were British Pound Sterling principal deposits of 124,893,408 , British Pound Sterling principal redemptions of 115,294,594 and British Pound Sterling withdrawals (to pay expenses) of 177,247 , resulting in an ending British Pound Sterling principal balance of 91,259,411 .
+Added: For the year ended December 31, 2023, there were British Pound Sterling principal deposits of 62,440,650 and British Pound Sterling principal redemptions of 86,456,285 , resulting in an ending British Pound Sterling principal balance of 67,243,776 .
This equates to 85,722,013 USD.
24 unchanged sentences
The Trustee calculates the Trust’s NAV each business day.
−Removed: To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the British Pounds Sterling held by the Trust (including all unpaid interest, if any, accrued through the preceding day) and calculates the value of the British Pounds Sterling in USD based upon the Closing Spot Rate.
+Added: To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the British Pounds Sterling held by the Trust (including all unpaid interest, if any, accrued through
+Added: the preceding day) and calculates the value of the British Pounds Sterling in USD based upon the Closing Spot Rate.
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.
10 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.