Invesco CurrencyShares Australian Dollar Trust Files 10-Q for Q1 2024

TL;DR

<b>Invesco CurrencyShares Australian Dollar Trust filed its Q1 2024 10-Q, reporting on its financial status and operations.</b>

AI Summary

Invesco CurrencyShares Australian Dollar Trust (FXA) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Filed a 10-Q report for the quarterly period ended March 31, 2024. The Trust is sponsored by Invesco Specialized Products, LLC. Common Units of Beneficial Interest are traded under the symbol FXA on the NYSE Arca. The Trust was incorporated in New York and has an IRS Employer Identification No. of 20-4685355. The filing indicates the Trust has met its reporting requirements for the preceding 12 months and past 90 days.

Why It Matters

For investors and stakeholders tracking Invesco CurrencyShares Australian Dollar Trust, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational details of the Invesco CurrencyShares Australian Dollar Trust. The report is crucial for understanding the Trust's current standing and its compliance with SEC regulations.

Risk Assessment

Risk Level: low — Invesco CurrencyShares Australian Dollar Trust shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative disclosures, indicating a low-risk profile for this specific filing.

Analyst Insight

Monitor future filings for any changes in the Trust's holdings, performance, or operational disclosures.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Reported Period)
• 2024-05-08 — Filing Date (Submission Date)
• 001-32911 — SEC File Number (Registrant's File Number)

Key Players & Entities

• Invesco CurrencyShares Australian Dollar Trust (company) — Registrant
• Invesco Specialized Products, LLC (company) — Sponsor
• FXA (company) — Trading Symbol
• NYSE Arca (company) — Exchange
• SEC (regulator) — Commission

FAQ

Risk Factors

• Reporting Requirements [low — regulatory]: The Trust has confirmed it has filed all required reports for the preceding 12 months and has been subject to these requirements for the past 90 days.

Industry Context

The Invesco CurrencyShares Australian Dollar Trust is an exchange-traded fund designed to track the price of the Australian dollar in relation to the US dollar.

Regulatory Implications

The Trust operates under the regulations of the Securities Exchange Act of 1934, requiring regular filings like this 10-Q with the SEC.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Track the performance of FXA on the NYSE Arca for investment decisions.
3. Compare this filing's disclosures with previous reports to identify trends.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-08: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, following the 2023 annual report.

Filing Documents

• fxa-20240331.htm (10-Q) — 504KB
• fxa-ex31_1.htm (EX-31.1) — 14KB
• fxa-ex31_2.htm (EX-31.2) — 15KB
• fxa-ex32_1.htm (EX-32.1) — 10KB
• fxa-ex32_2.htm (EX-32.2) — 10KB
• img155359967_0.jpg (GRAPHIC) — 202KB
• img155359967_1.jpg (GRAPHIC) — 228KB
• img155359967_2.jpg (GRAPHIC) — 181KB
• 0000950170-24-054961.txt (&nbsp;) — 3256KB
• fxa-20240331.xsd (EX-101.SCH) — 299KB
• fxa-20240331_htm.xml (XML) — 154KB

Financial Statements

Financial Statements 1 Notes to Unaudited Financial Statements 6 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 ITEM 4.

Controls and Procedures

Controls and Procedures 13 PART II. OTHER INFORMATION 14 Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 14 Item 4. Mine Safety Disclosures 14 Item 5. Other Information 14 Item 6. Exhibits 14

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares Australian Dollar Trust March 31, 2024 and December 31, 2023 (Unaudited) March 31, 2024 December 31, 2023 Assets Australian Dollar deposits, interest bearing $ 67,803,819 $ 77,670,560 Australian Dollar deposits, non-interest bearing — 1,002 Receivable from accrued interest 114,371 127,155 Total Assets $ 67,918,190 $ 77,798,717 Liabilities Australian Dollar deposits, non-interest bearing, overdrawn $ 1,916 $ — Accrued Sponsor's fee 23,269 26,145 Total Liabilities 25,185 26,145 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 1,050,000 and 1,150,000 issued and outstanding, respectively 67,893,005 77,772,572 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 67,918,190 $ 77,798,717 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares Australian Dollar Trust For the Three Months Ended March 31, 2024 and 2023 (Unaudited) Three Months Ended March 31, 2024 2023 Income Interest Income $ 369,996 $ 217,271 Total Income 369,996 217,271 Expenses Sponsor's fee ( 75,655 ) ( 77,711 ) Total Expenses ( 75,655 ) ( 77,711 ) Net Comprehensive Income (Loss) $ 294,341 $ 139,560 Basic and Diluted Earnings (Loss) per Share $ 0.25 $ 0.12 Weighted-average Shares Outstanding 1,163,187 1,161,667 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 2 Invesco CurrencyShares Australian Dollar Trust

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Cautionary Statement Regarding Forward-Looking Information This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "outlook" and "estimate" and other similar words. Forward-looking statements are based upon our current expectations and beliefs concerning future developments and their potential effects on us. Such forward-looking statements are not guarantees of future performance. Various factors may cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include fluctuations in the price of the Australian Dollar, as the value of the Shares relates directly to the value of the Australian Dollars held by the Trust and price fluctuations could materially adversely affect an investment in the Shares. Readers are urged to review the "Risk Factors" section contained in the Trust's most recent annual report on Form 10-K for a description of other risks and uncertainties that may affect an investment in the Shares. Neither Invesco Specialized Products, LLC (the "Sponsor") nor any other person assumes responsibility for the accuracy or completeness of forward-looking statements contained in this report. The forward-looking statements are made as of the date of this report, and will not be revised or updated to reflect actual results or changes in the Sponsor's expectations or predictions. Overview/Introduction The Invesco CurrencyShares Australian Dollar Trust (the "Trust") is a grantor trust that was formed on June 8, 2006. The Shares began trading on the New York Stock Exchange under the ticker symbol "FXA" on June 26, 2006. The primary listing of the Shares was transferred to NYSE Arca, Inc. ("NYSE Arca") on October 30, 2

View Full Filing

View this 10-Q filing on SEC EDGAR