Invesco CurrencyShares Swiss Franc Trust
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
FXF$107.38+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
Invesco CurrencyShares®Swiss Franc Trust
Statements of Fina ncial Condition
June 30, 2024 and December 31, 2023
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Swiss Franc deposits, interest bearing | $138,587,731 | $190,287,878 |
| Receivable from accrued interest | 28,461 | 83,838 |
| Total Assets | $138,616,192 | $190,371,716 |
| Liabilities | ||
| Swiss Franc deposits, non-interest bearing, overdrawn | $— | $403 |
| Accrued Sponsor’s fee | 44,787 | 66,155 |
| Total Liabilities | $44,787 | $66,558 |
| Commitments and Contingent Liabilities (Note 8) | ||
| Redeemable Capital Shares and Shareholders’ Equity | ||
| Redeemable Capital Shares, at redemption value, no par value, 1,400,000 and 1,800,000 issued and outstanding, respectively | 138,571,405 | 190,305,158 |
| Shareholders’ Equity: | ||
| Retained Earnings | — | — |
| Total Liabilities, Redeemable Capital Shares and Shareholders’ Equity | $138,616,192 | $190,371,716 |
Statements of Comp rehensive Income
For the Three and Six Months Ended June 30, 2024 and 2023
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Income | ||||
| Interest Income | $92,612 | $— | $304,533 | $— |
| Total Income | 92,612 | — | 304,533 | — |
| Expenses | ||||
| Sponsor’s fee | (145,879) | (190,429) | (318,594) | (395,806) |
| Interest Expense on currency deposits | — | (54) | — | (54) |
| Total Expenses | (145,879) | (190,483) | (318,594) | (395,860) |
| Net Comprehensive Income (Loss) | $(53,267) | $(190,483) | $(14,061) | $(395,860) |
| Basic and Diluted Earnings (Loss) per Share | $(0.04) | $(0.10) | $(0.01) | $(0.19) |
| Weighted-average Shares Outstanding | 1,486,264 | 1,915,934 | 1,589,011 | 2,034,254 |
For the Three Months Ended June 30, 2024
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| Balance at March 31, 2024 | $— | $— | $1,500,000 | $148,183,348 | |
| Purchases of Shares | — | — | 200,000 | 19,706,425 | |
| Redemption of Shares | — | — | (300,000) | (29,322,715) | |
| Net Increase (Decrease) due to Share Transactions | — | — | (100,000) | (9,616,290) | |
| Distributions | (6,226) | (6,226) | — | ||
| Net Comprehensive Income (Loss) | (53,267) | (53,267) | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | 59,493 | 59,493 | (59,493) | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | 63,840 | ||
| Balance at June 30, 2024 | $— | $— | 1,400,000 | $138,571,405 | |
For the Three Months Ended June 30, 2023
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| Balance at March 31, 2023 | $— | $— | 2,050,000 | $199,996,023 | |
| Purchases of Shares | — | — | 100,000 | 9,999,677 | |
| Redemption of Shares | — | — | (500,000) | (49,454,582) | |
| Net Increase (Decrease) due to Share Transactions | — | — | (400,000) | (39,454,905) | |
| Net Comprehensive Income (Loss) | (190,483) | (190,483) | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | 190,483 | 190,483 | (190,483) | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | 3,857,920 | ||
| Balance at June 30, 2023 | $— | $— | 1,650,000 | $164,208,555 | |
For the Six Months Ended June 30, 2024
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| December 31, 2023 | $— | $— | $1,800,000 | $190,305,158 | |
| Purchases of Shares | — | — | 300,000 | 29,587,224 | |
| Redemption of Shares | — | — | (700,000) | (69,507,875) | |
| Net Increase (Decrease) due to Share Transactions | — | — | (400,000) | (39,920,651) | |
| Distributions | (54,755) | (54,755) | — | ||
| Net Comprehensive Income (Loss) | (14,061) | (14,061) | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | 68,816 | 68,816 | (68,816) | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | (11,744,286) | ||
| Balance at June 30, 2024 | $— | $— | 1,400,000 | $138,571,405 | |
For the Six Months Ended June 30, 2023
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| Balance at December 31, 2022 | $— | $— | 2,250,000 | $216,958,140 | |
| Purchases of Shares | — | — | 150,000 | 14,831,931 | |
| Redemption of Shares | — | — | (750,000) | (73,564,345) | |
| Net Increase (Decrease) due to Share Transactions | — | — | (600,000) | (58,732,414) | |
| Net Comprehensive Income (Loss) | (395,860) | (395,860) | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | 395,860 | 395,860 | (395,860) | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | 6,378,689 | ||
| Balance at June 30, 2023 | $— | $— | 1,650,000 | $164,208,555 | |
Statements of Cash Flows
For the Six Months Ended June 30, 2024 and 2023
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net Comprehensive Income (Loss) | $(14,061) | $(395,860) |
| Adjustments to reconcile net comprehensive income (loss) to net cash provided by (used in) operating activities: | ||
| Change in operating assets and liabilities: | ||
| Accrued interest expense | 55,377 | — |
| Accrued Sponsor's fee | (21,368) | (13,828) |
| Net cash provided by (used in) operating activities | 19,948 | (409,688) |
| Cash flows from financing activities | ||
| Distributions paid to shareholders | (54,755) | — |
| Proceeds from purchases of redeemable capital Shares | 29,587,224 | 14,831,931 |
| Redemptions of redeemable capital Shares | (69,507,875) | (68,601,583) |
| Increase (decrease) in payable for Swiss Franc deposits overdrawn | (403) | — |
| Net cash provided by (used in) financing activities | (39,975,809) | (53,769,652) |
| Effect of exchange rate on cash | (11,744,286) | 6,392,002 |
| Net change in cash | (51,700,147) | (47,787,338) |
| Cash at beginning of period | 190,287,878 | 217,032,018 |
| Cash at end of period | $138,587,731 | $169,244,680 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $— | $54 |
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