Invesco Swiss Franc Trust Files Q2 2024 10-Q

TL;DR

**FXF 10-Q filed! Trust details Q2 performance. Check it out.**

AI Summary

Invesco CurrencyShares Swiss Franc Trust filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the trust, which aims to track the price of the Swiss Franc. Key financial data and operational details are presented for the second quarter and year-to-date periods.

Why It Matters

This filing provides investors with crucial financial performance data and operational updates for the Invesco CurrencyShares Swiss Franc Trust, impacting decisions related to currency investments.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report for a currency trust and does not indicate unusual financial distress or significant new risks.

Key Numbers

• 20240630 — Period End Date (The trust's financial reporting period concluded on this date.)
• 20240807 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Invesco CurrencyShares Swiss Franc Trust (company) — Filer of the 10-Q
• 20240630 (date) — Period of report
• 20240807 (date) — Filing date
• 0000950170-24-092133 (other) — Accession Number

FAQ

Filing Documents

• fxf-20240630.htm (10-Q) — 639KB
• fxf-ex31_1.htm (EX-31.1) — 14KB
• fxf-ex31_2.htm (EX-31.2) — 15KB
• fxf-ex32_1.htm (EX-32.1) — 9KB
• fxf-ex32_2.htm (EX-32.2) — 9KB
• img246537148_0.jpg (GRAPHIC) — 220KB
• img246537148_1.jpg (GRAPHIC) — 285KB
• img246537148_2.jpg (GRAPHIC) — 166KB
• 0000950170-24-092133.txt ( ) — 3643KB
• fxf-20240630.xsd (EX-101.SCH) — 302KB
• fxf-20240630_htm.xml (XML) — 191KB

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 18

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares Swiss Franc Trust June 30, 2024 and December 31, 2023 (Unaudited) June 30, 2024 December 31, 2023 Assets Swiss Franc deposits, interest bearing $ 138,587,731 $ 190,287,878 Receivable from accrued interest 28,461 83,838 Total Assets $ 138,616,192 $ 190,371,716 Liabilities Swiss Franc deposits, non-interest bearing, overdrawn $ — $ 403 Accrued Sponsor's fee 44,787 66,155 Total Liabilities $ 44,787 $ 66,558 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 1,400,000 and 1,800,000 issued and outstanding, respectively 138,571,405 190,305,158 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 138,616,192 $ 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 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 $ 92,612 $ — $ 304,533 $ — Total Income 92,612 — 304,533 — Expenses Sponsor's fee ( 145,879 ) ( 190,429 ) ( 318,594 ) ( 395,806 ) Interest Expense on currency deposits — ( 54 ) — ( 54 ) Total Expenses ( 145,879 ) ( 190,483 ) ( 318,594 ) ( 395,860 ) Net Comprehensive Income (Loss) $ ( 53,267 ) $ ( 190,483 ) $ ( 14,061 ) $ ( 395,860 ) Basic and Diluted Earnings (Loss) per Share $ ( 0.04 ) $ ( 0.10 ) $ ( 0.01 ) $ ( 0.19 ) Weighted-average Shares Outstanding 1,486,264 1,915,934 1,589,011 2

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

View Full Filing

View this 10-Q filing on SEC EDGAR