2 unchanged sentences
Statements of Financial Condition
−Removed: March 31, 2022 and December 31, 2021
−Removed: March 31, 2022
+Added: June 30, 2022 and December 31, 2021
+Added: June 30, 2022
December 31, 2021
13 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three Months Ended March 31, 2022 and 2021
−Removed: Three Months Ended March 31,
+Added: For the Three and Six Months Ended June 30, 2022 and 2021
+Added: 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, 2022
+Added: For the Three Months Ended June 30, 2022
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at December 31, 2021
+Added: Balance at March 31, 2022
Purchases of Shares
4 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
+Added: Balance at June 30, 2022
+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, 2021
+Added: Retained Earnings
+Added: Total Shareholders' Equity
+Added: Redeemable Capital Shares
Balance at March 31, 2021
+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, 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 March 31, 2021
+Added: For the Six Months Ended June 30, 2022
Retained Earnings
8 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at March 31, 2021
+Added: Balance at June 30, 2022
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, 2021
+Added: Retained Earnings
+Added: Total Shareholders' Equity
+Added: Redeemable Capital Shares
+Added: Balance at December 31, 2020
+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, 2021
+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, 2022 and 2021
−Removed: Three Months Ended March 31,
+Added: For the Six Months Ended June 30, 2022 and 2021
+Added: Six Months Ended June 30,
Cash flows from operating activities
19 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: March 31, 2022
+Added: June 30, 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 months ended March 31, 2022 and 2021 .
+Added: This Quarterly Report (the “Report”) covers the three and six months ended June 30, 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 months ended March 31, 2022 and 2021 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, 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 March 31, 2022 was an annual nominal rate of - 0.75 %.
−Removed: 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 .
+Added: The interest rate in effect as of June 30, 2022 was an annual nominal rate of - 0.75 %.
+Added: For the six months ended June 30, 2022, there were Swiss Franc principal deposits of 31,416,734 , Swiss Franc principal redemptions of 31,398,389 and Swiss Franc withdrawals (to pay expenses) of 1,317,976 , resulting in an ending Swiss Franc principal balance of 224,108,592 .
This equates to 234,092,643 USD.
38 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.