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Invesco CurrencyShares Swiss Franc Trust (IVZ-0.89%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the period, showing Swiss Franc deposits of $158,119,218, down from $190,287,878 as of December 31, 2023. The decrease is attributed to redemptions and withdrawals.
Interest income for the three months ended September 30, 2024, was $93,302, compared to $69,928 for the same period in 2023. The increase is due to a higher interest rate environment.
The Sponsor's fee for the quarter was $148,173, compared to $179,802 in the previous year. The decrease is due to lower Swiss Franc balances.
The Trust reported a net comprehensive loss of $54,871 for the quarter, compared to a loss of $109,874 in the same period the previous year.
The Trust's assets are primarily Swiss Francs, which exposes it to currency exchange rate fluctuations. The Trust does not hold or use derivative products.
The Trust's NAV per share is calculated based on the Swiss Franc/USD exchange rate as determined by The WM Company at 4:00 PM London time.
The Trust's expenses are primarily the Sponsor's fee, which is accrued daily and paid monthly. The Trust does not reimburse the Sponsor for routine operational expenses.
The Trust's organizational documents provide for indemnification of the Sponsor and related parties, subject to certain exceptions.
The filing includes a discussion of market risks, including fluctuations in the Swiss Franc/USD exchange rate and changes in interest rates paid by the Depository.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco CurrencyShares Swiss Franc Trust quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.