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Invesco CurrencyShares Australian Dollar Trust (IVZ-0.39%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing Australian Dollar deposits of $68,667,902, down from $77,670,560 at the end of 2023. The decrease is attributed to net redemptions of capital shares.
Interest income for the quarter was $343,589, compared to $290,832 in the same quarter the previous year. The increase is due to a higher interest rate of 1.92% on Australian Dollar deposits.
The Sponsor's fee for the quarter was $70,455, resulting in a net comprehensive income of $273,134, up from $221,944 in the previous year.
Distributions to shareholders totaled $274,212 for the quarter, with a distribution per share of $0.26.
The Trust's NAV per share reflects the price of the Australian Dollar in USD, with fluctuations impacting the value of shares.
During the quarter, the Trust redeemed 300,000 shares from Authorized Participants at an average price of $65.47 per share.
The Trust's assets are primarily held in Australian Dollars, creating a concentration risk associated with exchange rate fluctuations.
The filing notes that the Trust's expenses are primarily covered by the Sponsor's fee, with no significant changes in internal control over financial reporting.
The Trust does not anticipate any material changes to its liquidity and capital resources needs in the near future.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco CurrencyShares Australian Dollar Trust quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.