+Added: RISK FACTORS.
You should consider carefully the risks described below before making an investment decision.
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Consequently, the price of the Swiss Franc could decline, which would adversely affect an investment in the Shares.
+Added: International Armed Conflicts May Result in Volatility in Currency Prices that Could Adversely Affect the Fund's Performance.
+Added: As a result of increasingly interconnected global economies and financial markets, armed conflict between countries or in a geographic region, for example the current conflicts between Russia and Ukraine in Europe and Hamas and Israel in the Middle East, may impact the value of the currencies held by the Fund.
+Added: Such conflicts, and other corresponding events, have had, and could continue to have, severe effects on regional and global economic and financial markets, including increased volatility, reduced liquidity, and overall uncertainty.
+Added: Pandemics and other public health emergencies could disrupt the global economy and adversely impact the Trust's performance.
+Added: The impact of the COVID-19 pandemic was extensive in many aspects of society.
+Added: The outbreak resulted in a significant number of deaths, adversely impacted global commercial activity, and led to significant uncertainty and disruptions in the global economy and financial markets.
+Added: Many countries reacted by instituting quarantines, prohibitions on travel and the closure of offices, businesses, schools, retail stores and other public venues.
+Added: Businesses also implemented similar precautionary measures.
+Added: While restrictions have eased, it is possible that they may be reinstated in the future in response to new variants or new public health emergencies.
+Added: Such measures, as well as the general uncertainty surrounding the dangers and impact of a future public health crisis, may result in significant disruption in supply chains and economic activity.
+Added: Consumer, corporate and financial confidence may be materially adversely affected by a future outbreak.
+Added: Such erosion of confidence may lead to or extend to a localized or global economic downturn.
+Added: Future pandemics and other public health emergencies could exacerbate political, social, and economic risks and result in significant breakdowns, delays, and other disruptions to the economy, with potential corresponding results on the value of the currency held by the Trust, which may adversely affect an investment in the Shares.
REGULATORY MATTERS
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Any amendment that increases fees or charges (other than taxes and other governmental charges, registration fees or other expenses), or that otherwise prejudices any substantial existing rights of Shareholders, will not become effective until 30 days after written notice is given to Shareholders.
−Removed: COVID-19 PANDEMIC
−Removed: The ongoing COVID-19 pandemic continues to impact the global, regional and national economies in unexpected, and unpredictable ways that could materially and adversely affect the value of the Shares.
−Removed: The ongoing COVID-19 pandemic continues to have material adverse effects on the global economy and has increased economic uncertainty and financial market volatility and caused a decline in consumer and business confidence.
−Removed: No assurance can be given that the disruption will end soon or that the value of the Shares will not be affected materially and adversely by the pandemic and its ongoing global economic impact.
−Removed: Escalation or prolonged continuation of the pandemic could exacerbate other risk factors identified in this Report and materially and adversely affect the value of the Shares.
Due to the increased use of technologies, intentional and unintentional cyber attacks pose operational and information security risks.
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In addition, a service provider that has experienced a cyber security incident may divert resources normally devoted to servicing the Trust to addressing the incident, which would be likely to have an adverse effect on the Trust’s operations.
−Removed: UNRESOLVED STAFF COMMENTS
−Removed: The Trust does not own or use physical properties in the conduct of its business.
−Removed: The Sponsor’s headquarters are located at 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515.
−Removed: LEGAL PROCEEDINGS
−Removed: MINE SAFETY DISCLOSURES
−Removed: Not applicable.
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.