Invesco Euro Trust Files Q2 2024 10-Q

TL;DR

Invesco Euro Trust 10-Q filed: Q2 2024 financials out, shows changes in redeemable shares & retained earnings.

AI Summary

Invesco CurrencyShares Euro Trust filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the trust, which tracks the Euro currency. Specific financial figures and operational details for the second quarter of 2024 are presented, including changes in redeemable capital shares and retained earnings.

Why It Matters

This filing provides investors with an update on the financial health and performance of the Invesco CurrencyShares Euro Trust, impacting decisions related to Euro-denominated investments.

Risk Assessment

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

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 20240807 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Invesco CurrencyShares Euro Trust (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240807 (date) — Filing date
• 0000950170-24-092104 (other) — Accession Number for the filing

FAQ

Filing Documents

• fxe-20240630.htm (10-Q) — 649KB
• fxe-ex31_1.htm (EX-31.1) — 15KB
• fxe-ex31_2.htm (EX-31.2) — 15KB
• fxe-ex32_1.htm (EX-32.1) — 10KB
• fxe-ex32_2.htm (EX-32.2) — 10KB
• img174615197_0.jpg (GRAPHIC) — 199KB
• img174615197_1.jpg (GRAPHIC) — 252KB
• img174615197_2.jpg (GRAPHIC) — 173KB
• 0000950170-24-092104.txt ( ) — 3518KB
• fxe-20240630.xsd (EX-101.SCH) — 297KB
• fxe-20240630_htm.xml (XML) — 186KB

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 16

– FINA NC IAL INFORMATION

PART I – FINA NC IAL INFORMATION

Fi na ncial Statements

Item 1. Fi na ncial Statements. Invesco CurrencyShares Euro Trust June 30, 2024 and December 31, 2023 (Unaudited) June 30, 2024 December 31, 2023 Assets Euro deposits, interest bearing $ 173,046,893 $ 214,030,570 Subscriptions receivable — 5,095,966 Cash due from Depository 3,228 154,445 Receivable from accrued interest 381,965 505,646 Total Assets $ 173,432,086 $ 219,786,627 Liabilities Euro deposits, non-interest bearing, overdrawn $ 12,204 $ 152,031 Accrued Sponsor's fee 58,365 73,957 Total Liabilities 70,569 225,988 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 1,750,000 and 2,150,000 issued and outstanding, respectively 173,361,517 219,560,639 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 173,432,086 $ 219,786,627 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares Euro 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 $ 1,261,926 $ 1,390,857 $ 2,685,488 $ 2,301,382 Total Income 1,261,926 1,390,857 2,685,488 2,301,382 Expenses Sponsor's fee ( 186,725 ) ( 283,503 ) ( 394,660 ) ( 568,282 ) Total Expenses ( 186,725 ) ( 283,503 ) ( 394,660 ) ( 568,282 ) Net Comprehensive Income (Loss) $ 1,075,201 $ 1,107,354 $ 2,290,828 $ 1,733,100 Basic and Diluted Earnings (Loss) per Share $ 0.58 $ 0.39 $ 1.16 $ 0.61 Weighted-average Shares Outstanding 1,865,385 2,812,637 1,972,527 2,85

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 euro, as the value of the Shares relates directly to the value of the euro 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 Euro Trust (the "Trust") is a grantor trust that was formed on December 5, 2005. The Shares began trading on the New York Stock Exchange under the ticker symbol "FXE" on December 12, 2005. The primary listing of the Shares was transferred to NYSE Arca, Inc. ("NYSE Arca") on October 30, 2007. The Trust issues shares (th

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View this 10-Q filing on SEC EDGAR