Invesco Australian Dollar Trust Files Q2 2024 10-Q

TL;DR

AUD Trust 10-Q filed for Q2 2024. Check financials.

AI Summary

Invesco CurrencyShares Australian Dollar Trust filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational aspects of the trust, which aims to track the value of the Australian Dollar. Specific financial figures and operational updates for the second quarter of 2024 are presented.

Why It Matters

This filing provides investors with an update on the performance and financial health of the Invesco CurrencyShares Australian Dollar Trust, impacting decisions related to currency exposure and investment strategies.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a financial trust, not indicating any unusual or elevated risks.

Key Numbers

• Q2 2024 — Reporting Period (Financials for the second quarter ending June 30, 2024, are detailed.)
• 2023-01-01 to 2023-06-30 — Prior Period Comparison (Comparative financial data for the first six months of 2023 is included.)
• 2024-01-01 to 2024-06-30 — Current Period Comparison (Financial data for the first six months of 2024 is presented.)

Key Players & Entities

• Invesco CurrencyShares Australian Dollar Trust (company) — Filer of the 10-Q
• 0000950170-24-092101 (other) — Accession Number for the filing
• 20240630 (date) — Period of report for the 10-Q
• 20240807 (date) — Filing date of the 10-Q
• Invesco (company) — Sponsor/Manager of the Trust

FAQ

Filing Documents

• fxa-20240630.htm (10-Q) — 638KB
• 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
• img155362849_0.jpg (GRAPHIC) — 203KB
• img155362849_1.jpg (GRAPHIC) — 227KB
• img155362849_2.jpg (GRAPHIC) — 179KB
• 0000950170-24-092101.txt ( ) — 3437KB
• fxa-20240630.xsd (EX-101.SCH) — 284KB
• fxa-20240630_htm.xml (XML) — 192KB

Financial Statements

Financial Statements 1 Notes to Unaudited Financial Statements 8 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 12 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 ITEM 4.

Controls and Procedures

Controls and Procedures 15 PART II. OTHER INFORMATION 17 Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 17

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares Australian Dollar Trust June 30, 2024 and December 31, 2023 (Unaudited) June 30, 2024 December 31, 2023 Assets Australian Dollar deposits, interest bearing $ 69,409,549 $ 77,670,560 Australian Dollar deposits, non-interest bearing — 1,002 Receivable from accrued interest 111,055 127,155 Total Assets $ 69,520,604 $ 77,798,717 Liabilities Accrued Sponsor's fee $ 22,774 $ 26,145 Total Liabilities 22,774 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 69,497,830 77,772,572 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 69,520,604 $ 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 and Six Months Ended June 30, 2024 and 2023 (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Income Interest Income $ 332,400 $ 257,310 $ 702,396 $ 474,581 Total Income 332,400 257,310 702,396 474,581 Expenses Sponsor's fee ( 68,161 ) ( 71,694 ) ( 143,816 ) ( 149,405 ) Total Expenses ( 68,161 ) ( 71,694 ) ( 143,816 ) ( 149,405 ) Net Comprehensive Income (Loss) $ 264,239 $ 185,616 $ 558,580 $ 325,176 Basic and Diluted Earnings (Loss) per Share $ 0.25 $ 0.17 $ 0.50 $ 0.29 Weighted-average Shares Outstanding 1,050,000 1,085,714 1,106,593 1,123,481 See accompanying Notes to Unaudited Financial Statements which are an integral p

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. Th

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