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Invesco CurrencyShares Japanese Yen Trust (IVZ-0.91%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing an increase in Japanese Yen deposits to $455,591,911 from $312,587,509 at the end of the previous year. The increase is attributed to new share purchases.
The Trust reported total liabilities of $139,433, compared to $149,206 at the end of the previous year, primarily due to changes in accrued sponsor fees.
Net comprehensive loss for the quarter was $386,753, compared to $340,442 in the same quarter the previous year. The loss is attributed to the sponsor's fee and interest expense on currency deposits.
The Trust issued 1,650,000 shares during the quarter and redeemed 300,000 shares, resulting in a net increase of 1,350,000 shares.
Cash provided by financing activities was $143,841,221, while cash used in operating activities was $1,210,212.
The Trust's assets are concentrated in Japanese Yen, which creates a risk associated with fluctuations in the JPY/USD exchange rate.
The Trust does not engage in activities designed to obtain profit from changes in the price of the Japanese Yen, and does not use derivative products.
The filing also confirms that the Trust's disclosure controls and procedures were effective as of the end of the period covered by the report.
There were no legal proceedings, defaults upon senior securities, or mine safety disclosures reported in the filing.
The Trust did not make any distributions during the quarter ended September 30, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco CurrencyShares Japanese Yen Trust quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.