2 unchanged sentences
Statements of Financial Condition
−Removed: September 30, 2021 and December 31, 2020
−Removed: September 30, 2021
+Added: March 31, 2022 and December 31, 2021
+Added: March 31, 2022
December 31, 2021
Swiss Franc deposits, interest bearing
−Removed: Subscriptions receivable
Accrued Sponsor’s fee
11 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three and Nine Months Ended September 30, 2021 and 2020
−Removed: Three Months Ended
−Removed: September 30,
−Removed: Nine Months Ended
−Removed: September 30,
+Added: For the Three Months Ended March 31, 2022 and 2021
+Added: Three Months Ended March 31,
Interest Income
8 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended September 30, 2021
−Removed: Retained Earnings
−Removed: Total Shareholders' Equity
−Removed: Redeemable Capital Shares
−Removed: Balance at June 30, 2021
−Removed: Purchases of Shares
−Removed: Redemption of Shares
−Removed: Net Increase (Decrease) due to Share Transactions
−Removed: Net Comprehensive Income (Loss)
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2021
−Removed: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
−Removed: Invesco CurrencyShares ® Swiss Franc Trust
−Removed: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended September 30, 2020
−Removed: Retained Earnings
−Removed: Total Shareholders' Equity
−Removed: Redeemable Capital Shares
−Removed: Balance at June 30, 2020
−Removed: Purchases of Shares
−Removed: Redemption of Shares
−Removed: Net Increase (Decrease) due to Share Transactions
−Removed: Net Comprehensive Income (Loss)
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings
−Removed: Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2020
−Removed: See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
−Removed: Invesco CurrencyShares ® Swiss Franc Trust
−Removed: Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Nine Months Ended September 30, 2021
+Added: For the Three Months Ended March 31, 2022
Retained Earnings
4 unchanged sentences
Redemption of Shares
−Removed: ( 114,270,987
Net Increase (Decrease) due to Share Transactions
2 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2021
+Added: Balance at March 31, 2022
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 Nine Months Ended September 30, 2020
+Added: For the Three Months Ended March 31, 2021
Retained Earnings
4 unchanged sentences
Redemption of Shares
−Removed: ( 101,057,034
Net Increase (Decrease) due to Share Transactions
2 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at September 30, 2020
+Added: Balance at March 31, 2021
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 Nine Months Ended September 30, 2021 and 2020
−Removed: Nine Months Ended September 30,
+Added: For the Three Months Ended March 31, 2022 and 2021
+Added: Three Months Ended March 31,
Cash flows from operating activities
9 unchanged sentences
Redemptions of redeemable capital Shares
−Removed: ( 114,270,986
−Removed: ( 101,057,034
Net cash provided by (used in) financing activities
8 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: September 30, 2021
+Added: March 31, 2022
Note 1 - Background
13 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 nine months ended September 30, 2021 and 2020 .
+Added: This Quarterly Report (the “Report”) covers the three months ended March 31, 2022 and 2021 .
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 nine months ended September 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 months ended March 31, 2022 and 2021 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 September 30, 2021 was an annual nominal rate of - 0.75 %.
−Removed: 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: The interest rate in effect as of March 31, 2022 was an annual nominal rate of - 0.75 %.
+Added: For the three months ended March 31, 2022, there were Swiss Franc principal deposits of 8,992,823 , Swiss Franc principal redemptions of 4,499,341 and Swiss Franc withdrawals (to pay expenses) of 646,284 , resulting in an ending Swiss Franc principal balance of 229,255,421 .
This equates to 249,122,978 USD.
For the year ended December 31, 2021, there were Swiss Franc principal deposits of 90,781,239 , Swiss Franc principal redemptions of 122,456,452 and Swiss Franc withdrawals (to pay expenses) of 2,872,803 , resulting in an ending Swiss Franc principal balance of 225,408,223 .
−Removed: This equates to 294,084,778 USD (which includes USD subscriptions receivable).
+Added: This equates to 247,388,709 USD.
Net interest, if any, associated with creation and redemption activity is held in a Swiss Franc-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.
35 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.