Invesco Pound Sterling Trust Files Q2 2024 10-Q

TL;DR

Invesco GBP Trust 10-Q filed. All clear for Q2.

AI Summary

Invesco CurrencyShares British Pound Sterling Trust filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the trust, which tracks the performance of the British Pound Sterling. Key financial data and operational details are presented for the second quarter of 2024.

Why It Matters

This filing provides investors with an update on the financial health and performance of the Invesco CurrencyShares British Pound Sterling Trust, impacting decisions related to currency investments.

Risk Assessment

Risk Level: low — This is a standard quarterly filing for a financial trust with no immediate red flags.

Key Numbers

• Q2 2024 — Reporting Period (Financials for the second quarter of 2024 are detailed.)

Key Players & Entities

• Invesco CurrencyShares British Pound Sterling Trust (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240807 (date) — Filing date

FAQ

Filing Documents

• fxb-20240630.htm (10-Q) — 652KB
• fxb-ex31_1.htm (EX-31.1) — 14KB
• fxb-ex31_2.htm (EX-31.2) — 14KB
• fxb-ex32_1.htm (EX-32.1) — 9KB
• fxb-ex32_2.htm (EX-32.2) — 9KB
• img227284800_0.jpg (GRAPHIC) — 206KB
• img227284800_1.jpg (GRAPHIC) — 264KB
• img227284800_2.jpg (GRAPHIC) — 172KB
• 0000950170-24-092099.txt ( ) — 3550KB
• fxb-20240630.xsd (EX-101.SCH) — 287KB
• fxb-20240630_htm.xml (XML) — 187KB

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 16 Item 1.

Legal Proceedings

Legal Proceedings 16 Item 1A.

Risk Factors

Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 17

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares British Pound Sterling Trust June 30, 2024 and December 31, 2023 (Unaudited) June 30, 2024 December 31, 2023 Assets British Pound Sterling deposits, interest bearing $ 54,644,463 $ 85,722,013 Receivable from accrued interest 172,906 282,429 Total Assets $ 54,817,369 $ 86,004,442 Liabilities British Pound Sterling deposits, non-interest bearing, overdrawn $ 7,592 $ 14,218 Accrued Sponsor's fee 18,873 30,908 Total Liabilities 26,465 45,126 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 450,000 and 700,000 issued and outstanding, respectively 54,790,904 85,959,316 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 54,817,369 $ 86,004,442 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares British Pound Sterling Trust For the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Income Interest Income $ 550,375 $ 781,805 $ 1,259,572 $ 1,503,602 Total Income 550,375 781,805 1,259,572 1,503,602 Expenses Sponsor's fee ( 60,069 ) ( 104,074 ) ( 137,337 ) ( 215,711 ) Total Expenses ( 60,069 ) ( 104,074 ) ( 137,337 ) ( 215,711 ) Net Comprehensive Income (Loss) $ 490,306 $ 677,731 $ 1,122,235 $ 1,287,891 Basic and Diluted Earnings (Loss) per Share $ 1.00 $ 0.79 $ 1.99 $ 1.41 Weighted-average Shares Outstanding 491,209 860,440 562,637 914,088 See accompanying Notes to Unaudited Financial

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 British Pound Sterling, as the value of the Shares relates directly to the value of the British Pounds Sterling 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 forwar

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View this 10-Q filing on SEC EDGAR