2 unchanged sentences
Statements of Financial Condition
−Removed: June 30, 2021 and December 31, 2020
−Removed: June 30, 2021
+Added: September 30, 2021 and December 31, 2020
+Added: September 30, 2021
December 31, 2020
1 unchanged sentence
Subscriptions receivable
−Removed: Redemptions payable
Accrued Sponsor’s fee
4 unchanged sentences
Redeemable Capital Shares, at redemption value, no par value,
−Removed: 29,500,000 authorized – 2,650,000 and 2,850,000 issued and outstanding,
+Added: 2,450,000 and 2,850,000 issued and outstanding, respectively
Shareholders’ Equity:
4 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three and Six Months Ended June 30, 2021 and 2020
+Added: For the Three and Nine Months Ended September 30, 2021 and 2020
Three Months Ended
−Removed: Six Months Ended
+Added: September 30,
+Added: Nine Months Ended
+Added: September 30,
Interest Income
8 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended June 30, 2021
+Added: For the Three Months Ended September 30, 2021
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2021
+Added: Balance at June 30, 2021
Purchases of Shares
4 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
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 June 30, 2020
+Added: For the Three Months Ended September 30, 2020
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2020
+Added: Balance at June 30, 2020
Purchases of Shares
4 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2020
+Added: Balance at September 30, 2020
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 Six Months Ended June 30, 2021
+Added: For the Nine Months Ended September 30, 2021
Retained Earnings
4 unchanged sentences
Redemption of Shares
+Added: ( 114,270,987
Net Increase (Decrease) due to Share Transactions
2 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
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 Six Months Ended June 30, 2020
+Added: For the Nine Months Ended September 30, 2020
Retained Earnings
9 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2020
+Added: Balance at September 30, 2020
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Cash Flows
−Removed: For the Six Months Ended June 30, 2021 and 2020
−Removed: Six Months Ended
+Added: For the Nine Months Ended September 30, 2021 and 2020
+Added: Nine Months Ended September 30,
Cash flows from operating activities
10 unchanged sentences
( 114,270,986
+Added: ( 101,057,034
Net cash provided by (used in) financing activities
8 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: June 30, 2021
+Added: September 30, 2021
Note 1 - Background
5 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.
5 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 and six months ended June 30, 2021 and 2020 .
+Added: This Quarterly Report (the “Report”) covers the three and nine months ended September 30, 2021 and 2020 .
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 and six months ended June 30, 2021 and 2020 were the Sponsor’s fee and interest expense on currency deposits.
+Added: The only expenses of the Trust during the three and nine months ended September 30, 2021 and 2020 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 June 30, 2021 was an annual nominal rate of - 0.75 %.
−Removed: For the six months ended June 30, 2021, there were Swiss Franc principal deposits of 68,217,981 , Swiss Franc principal redemptions of 86,334,519 and Swiss Franc withdrawals (to pay expenses) of 1,512,460 , resulting in an ending Swiss Franc principal balance of 240,327,241 .
−Removed: This equates to 259,995,934 USD (which includes USD redemptions payable).
+Added: The interest rate in effect as of September 30, 2021 was an annual nominal rate of - 0.75 %.
+Added: For the nine months ended September 30, 2021, there were Swiss Franc principal deposits of 68,217,981 , Swiss Franc principal redemptions of 104,425,070 and Swiss Franc withdrawals (to pay expenses) of 2,205,284 , resulting in an ending Swiss Franc principal balance of 221,543,866 .
+Added: This equates to 237,491,415 USD.
For the year ended December 31, 2020, there were Swiss Franc principal deposits of 229,209,797 , Swiss Franc principal redemptions of 96,359,052 and Swiss Franc withdrawals (to pay expenses) of 2,082,480 , resulting in an ending Swiss Franc principal balance of 259,956,239 .
37 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.