Invesco CurrencyShares Swiss Franc Trust Files 10-Q for Q1 2024

TL;DR

<b>Invesco CurrencyShares Swiss Franc Trust (FXF) has submitted its Q1 2024 10-Q filing, confirming compliance with reporting requirements.</b>

AI Summary

Invesco CurrencyShares Swiss Franc Trust (FXF) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. The Invesco CurrencyShares Swiss Franc Trust (FXF) filed its quarterly report for the period ending March 31, 2024. The filing covers the first quarter of 2024, with a reporting period from January 1, 2024, to March 31, 2024. The Trust is sponsored by Invesco Specialized Products, LLC. Common Units of Beneficial Interest are traded under the symbol FXF on the NYSE Arca. The filing indicates that all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 have been filed for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking Invesco CurrencyShares Swiss Franc Trust, this filing contains several important signals. This 10-Q filing provides investors with an update on the financial status and operational activities of the Swiss Franc Trust for the first quarter of 2024. As a financial instrument tracking the Swiss Franc, this report is crucial for understanding the Trust's performance and any associated risks or changes in its structure.

Risk Assessment

Risk Level: low — Invesco CurrencyShares Swiss Franc Trust shows low risk based on this filing. The filing is a standard quarterly report and does not contain any immediate red flags or significant negative developments, indicating a low-risk profile for this specific filing.

Analyst Insight

Monitor future filings for any changes in the Trust's holdings, expenses, or market performance related to the Swiss Franc.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Conformed Period of Report)
• 2024-05-08 — Filing Date (Filed As Of Date)
• 001-32907 — Commission File Number (SEC File Number)

Key Players & Entities

• Invesco CurrencyShares Swiss Franc Trust (company) — Registrant
• FXF (company) — Trading Symbol
• Invesco Specialized Products, LLC (company) — Sponsor
• NYSE Arca (company) — Exchange
• Securities Exchange Act of 1934 (regulator) — Legislation

FAQ

Risk Factors

• Reporting Compliance [low — regulatory]: The registrant has filed all required reports for the preceding 12 months, indicating compliance with Section 13 or 15(d) of the Securities Exchange Act of 1934.

Industry Context

The Invesco CurrencyShares Swiss Franc Trust is an exchange-traded fund designed to track the price performance of the Swiss Franc.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring quarterly reports to ensure transparency and investor protection.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Compare FXF's performance against the Swiss Franc's exchange rate movements.
3. Assess any changes in the Trust's structure or sponsor disclosures in subsequent filings.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-05-08: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the Q1 2024 10-Q filing, following the previous annual report (10-K) and prior quarterly filings.

Filing Documents

• fxf-20240331.htm (10-Q) — 500KB
• fxf-ex31_1.htm (EX-31.1) — 14KB
• fxf-ex31_2.htm (EX-31.2) — 14KB
• fxf-ex32_1.htm (EX-32.1) — 9KB
• fxf-ex32_2.htm (EX-32.2) — 9KB
• img246534266_0.jpg (GRAPHIC) — 219KB
• img246534266_1.jpg (GRAPHIC) — 287KB
• img246534266_2.jpg (GRAPHIC) — 164KB
• 0000950170-24-054965.txt (&nbsp;) — 3430KB
• fxf-20240331.xsd (EX-101.SCH) — 311KB
• fxf-20240331_htm.xml (XML) — 149KB

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 14 ITEM 4.

Controls and Procedures

Controls and Procedures 14 PART II. OTHER INFORMATION 15 Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 16

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares Swiss Franc Trust March 31, 2024 and December 31, 2023 (Unaudited) March 31, 2024 December 31, 2023 Assets Swiss Franc deposits, interest bearing $ 148,177,114 $ 190,287,878 Receivable from accrued interest 62,495 83,838 Total Assets $ 148,239,609 $ 190,371,716 Liabilities Swiss Franc deposits, non-interest bearing, overdrawn $ 1,306 $ 403 Accrued Sponsor's fee 54,955 66,155 Total Liabilities 56,261 66,558 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 1,500,000 and 1,800,000 issued and outstanding, respectively 148,183,348 190,305,158 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 148,239,609 $ 190,371,716 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares Swiss Franc Trust For the Three Months Ended March 31, 2024 and 2023 (Unaudited) Three Months Ended March 31, 2024 2023 Income Interest Income $ 211,921 $ — Total Income 211,921 — Expenses Sponsor's fee ( 172,715 ) ( 205,377 ) Total Expenses ( 172,715 ) ( 205,377 ) Net Comprehensive Income (Loss) $ 39,206 $ ( 205,377 ) Basic and Diluted Earnings (Loss) per Share $ 0.02 $ ( 0.10 ) Weighted-average Shares Outstanding 1,691,758 2,153,889 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 2 Invesco CurrencyShares Swiss Franc Trust For the Three Months Ended March 31, 2024 (Unaudited) Retained Earnings

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 Swiss Franc, as the value of the Shares relates directly to the value of the Swiss Francs 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 Swiss Franc 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 "FXF" on June 26, 2006. The primary listing of the Shares was transferred to NYSE Arca, Inc. ("NYSE Arca") on October 30, 2007. The Trust iss

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View this 10-Q filing on SEC EDGAR