2 unchanged sentences
Report of Management on Internal Control Over Financial Reporting
−Removed: Report of Independent Registered Public Accounting Firm
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID 238 )
Statements of Financial Condition at December 31, 2021 and 2020
47 unchanged sentences
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
−Removed: Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
−Removed: inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
+Added: Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Critical Audit Matters
9 unchanged sentences
Euro deposits, interest bearing
−Removed: Subscriptions receivable
Accrued Sponsor's fee
4 unchanged sentences
Redeemable Capital Shares, at redemption value, no par value,
−Removed: and 146,500,000 authorized, respectively – 2,850,000 and 2,700,000 issued
−Removed: and outstanding, respectively
+Added: 2,000,000 and 2,850,000 issued and outstanding, respectively
Shareholders' Equity:
64 unchanged sentences
Net change in cash
+Added: ( 116,120,797
Cash at beginning of period
15 unchanged sentences
The Sponsor is a Delaware limited liability company whose sole member is Invesco Capital Management.
+Added: The Trust has an unlimited number of shares authorized for issuance.
The investment objective of the Trust is for the Trust’s shares (the “Shares”) to reflect the price in U.S.
27 unchanged sentences
Any interest below zero for the period is reflected as interest expense on currency deposits.
−Removed: The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
+Added: The Depository may change the rate at which interest
+Added: accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
Distributions
40 unchanged sentences
For the year ended December 31, 2020, there were euro principal deposits of 428,947,584 , euro principal redemptions of 414,936,856 and euro withdrawals (to pay expenses) of 2,238,467 , resulting in an ending euro principal balance of 267,879,731 .
−Removed: This equates to 287,480,505 USD (which includes USD subscriptions receivable).
+Added: This equates to 327,764,221 USD.
Net interest, if any, associated with creation and redemption activity is held in a euro-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.
36 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.