2 unchanged sentences
Statements of Financial Condition
−Removed: March 31, 2020 and December 31, 2019
−Removed: March 31, 2020
+Added: June 30, 2020 and December 31, 2019
+Added: June 30, 2020
December 31, 2019
14 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three Months Ended March 31, 2020 and 2019
+Added: For the Three and Six Months Ended June 30, 2020 and 2019
Three Months Ended
+Added: Six Months Ended
Interest Income
8 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended March 31, 2020
+Added: For the Three Months Ended June 30, 2020
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at December 31, 2019
+Added: Balance at March 31, 2020
Purchases of Shares
4 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
+Added: Balance at June 30, 2020
+Added: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
+Added: Invesco CurrencyShares ® Swiss Franc Trust
+Added: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
+Added: For the Three Months Ended June 30, 2019
+Added: Retained Earnings
+Added: Total Shareholders' Equity
+Added: Redeemable Capital Shares
Balance at March 31, 2019
+Added: Purchases of Shares
+Added: Redemption of Shares
+Added: Net Increase (Decrease) due to Share Transactions
+Added: Net Comprehensive Income (Loss)
+Added: Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings
+Added: Adjustment of Redeemable Capital Shares to Redemption Value
+Added: Balance at June 30, 2019
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
−Removed: For the Three Months Ended March 31, 2019
+Added: For the Six Months Ended June 30, 2020
Retained Earnings
4 unchanged sentences
Redemption of Shares
+Added: ( 101,057,034
Net Increase (Decrease) due to Share Transactions
2 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at March 31, 2019
+Added: Balance at June 30, 2020
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
Invesco CurrencyShares ® Swiss Franc Trust
+Added: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
+Added: For the Six Months Ended June 30, 2019
+Added: Retained Earnings
+Added: Total Shareholders' Equity
+Added: Redeemable Capital Shares
+Added: Balance at December 31, 2018
+Added: Purchases of Shares
+Added: Redemption of Shares
+Added: Net Increase (Decrease) due to Share Transactions
+Added: Net Comprehensive Income (Loss)
+Added: Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings
+Added: Adjustment of Redeemable Capital Shares to Redemption Value
+Added: Balance at June 30, 2019
+Added: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
+Added: Invesco CurrencyShares ® Swiss Franc Trust
Statements of Cash Flows
−Removed: For the Three Months Ended March 31, 2020 and 2019
−Removed: Three Months Ended
+Added: For the Six Months Ended June 30, 2020 and 2019
+Added: Six Months Ended June 30,
Cash flows from operating activities
9 unchanged sentences
Redemptions of redeemable capital Shares
+Added: ( 101,057,034
Net cash provided by (used in) financing activities
8 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: March 31, 2020
+Added: June 30, 2020
Note 1 - Background
12 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.
−Removed: This Quarterly Report (the “Report”) covers the three months ended March 31, 2020 and 2019 .
+Added: This Quarterly Report (the “Report”) covers the three and six months ended June 30, 2020 and 2019 .
The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
36 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 expenses of the Trust during the three months ended March 31, 2020 were the Sponsor’s fee and interest expense on currency deposits.
+Added: The only expenses of the Trust during the three and six months ended June 30, 2020 and 2019 were the Sponsor’s fee and interest expense on currency deposits.
Federal Income Taxes
25 unchanged sentences
Swiss Franc principal deposits are held in a Swiss Franc-denominated, interest-bearing demand account.
−Removed: The interest rate in effect as of March 31, 2020 was an annual nominal rate of - 0.75 %.
−Removed: For the three months ended March 31, 2020, there were Swiss Franc principal deposits of 27,605,719 , Swiss Franc principal redemptions of 22,991,844 and Swiss Franc withdrawals (to pay expenses) of 392,010 , resulting in an ending Swiss Franc principal balance of 133,409,839 .
+Added: The interest rate in effect as of June 30, 2020 was an annual nominal rate of - 0.75 %.
+Added: For the six months ended June 30, 2020, there were Swiss Franc principal deposits of 133,185,033 , Swiss Franc principal redemptions of 96,359,052 and Swiss Franc withdrawals (to pay expenses) of 835,377 , resulting in an ending Swiss Franc principal balance of 165,178,578 .
This equates to 174,321,754 USD.
26 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 Swiss Francs held by the Trust (including all unpaid interest, if any, accrued through the
−Removed: preceding day) and calculates the value of the Swiss Francs 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 Swiss Francs held by the Trust (including all unpaid interest, if any, accrued through the preceding day) and calculates the value of the Swiss Francs 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.
9 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.