Invesco CurrencyShares Japanese Yen Trust Files Q1 2024 Report

TL;DR

<b>Invesco CurrencyShares Japanese Yen Trust filed its Q1 2024 10-Q report, confirming its listing on NYSE Arca under the ticker FXY.</b>

AI Summary

Invesco CurrencyShares Japanese Yen Trust (FXY) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Filed a 10-Q report for the quarterly period ended March 31, 2024. Common Units of Beneficial Interest trading under the symbol FXY on NYSE Arca. The Trust is sponsored by Invesco Specialized Products, LLC. Incorporated in New York with IRS Employer Identification No. 37-6416176. Submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking Invesco CurrencyShares Japanese Yen Trust, this filing contains several important signals. This filing provides the latest financial and operational details for investors tracking the Japanese Yen. Confirmation of compliance with SEC filing requirements indicates ongoing operational status and transparency.

Risk Assessment

Risk Level: low — Invesco CurrencyShares Japanese Yen Trust shows low risk based on this filing. The filing is a routine quarterly report for a well-established trust, with no immediate red flags or significant changes indicated in the provided header information.

Analyst Insight

Monitor future filings for any changes in the trust's AUM, performance against the Yen, or sponsor-related disclosures.

Key Numbers

• 2024-03-31 — Quarter End Date (Quarterly period ended)
• 001-33298 — Commission File Number (SEC File Number)
• 37-6416176 — IRS Employer Identification No. (Registrant)

Key Players & Entities

• Invesco CurrencyShares Japanese Yen Trust (company) — Registrant
• FXY (company) — Trading Symbol
• NYSE Arca (company) — Exchange
• Invesco Specialized Products, LLC (company) — Sponsor
• Securities Exchange Act of 1934 (regulator) — Act
• March 31, 2024 (date) — Quarterly period ended
• 20240331 (date) — Conformed period of report
• 001-33298 (regulator) — Commission File Number

FAQ

Key Dates

• 2024-03-31: Quarterly Period End — Reporting period for the 10-Q filing.
• 2024-05-08: Filing Date — Date the 10-Q was filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a timely update on the company's financial performance and condition.)

Common Units of Beneficial Interest

Represents ownership in the Invesco CurrencyShares Japanese Yen Trust. (The primary security offered by the Trust, tracking the value of the Japanese Yen.)

NYSE Arca

A U.S. stock exchange for trading exchange-traded products (ETPs), including ETFs and other investment vehicles. (The venue where the Trust's units are traded, indicating liquidity and market access.)

Filing Documents

• fxy-20240331.htm (10-Q) — 483KB
• fxy-ex31_1.htm (EX-31.1) — 13KB
• fxy-ex31_2.htm (EX-31.2) — 13KB
• fxy-ex32_1.htm (EX-32.1) — 9KB
• fxy-ex32_2.htm (EX-32.2) — 9KB
• img2438599_0.jpg (GRAPHIC) — 215KB
• img2438599_1.jpg (GRAPHIC) — 266KB
• img2438599_2.jpg (GRAPHIC) — 167KB
• 0000950170-24-054962.txt (&nbsp;) — 3156KB
• fxy-20240331.xsd (EX-101.SCH) — 263KB
• fxy-20240331_htm.xml (XML) — 105KB

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 Japanese Yen Trust March 31, 2024 and December 31, 2023 (Unaudited) March 31, 2024 December 31, 2023 Assets Japanese Yen deposits, interest bearing $ 339,708,146 $ 312,587,509 Subscriptions Receivable 3,059,212 — Total Assets $ 342,767,358 $ 312,587,509 Liabilities Accrued Sponsor's fee $ 104,702 $ 99,069 Accrued interest expense on currency deposits 53,239 50,137 Total Liabilities 157,941 149,206 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 5,600,000 and 4,750,000 issued and outstanding, respectively 342,609,417 312,438,303 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 342,767,358 $ 312,587,509 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares Japanese Yen Trust For the Three Months Ended March 31, 2024 and 2023 (Unaudited) Three Months Ended March 31, 2024 2023 Income Interest Income $ — $ — Total Income — — Expenses Sponsor's fee ( 305,557 ) ( 224,633 ) Interest Expense on currency deposits ( 155,415 ) ( 113,975 ) Total Expenses ( 460,972 ) ( 338,608 ) Net Comprehensive Income (Loss) $ ( 460,972 ) $ ( 338,608 ) Basic and Diluted Earnings (Loss) per Share $ ( 0.09 ) $ ( 0.10 ) Weighted-average Shares Outstanding 4,954,396 3,257,778 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 2 Invesco CurrencyShares Japanese Yen Trust For the Thr

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 Japanese Yen, as the value of the Shares relates directly to the value of the Japanese Yen 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 Japanese Yen Trust (the "Trust") is a grantor trust that was formed on February 1, 2007. The Shares began trading on the New York Stock Exchange under the ticker symbol "FXY" on February 13, 2007. The primary listing of the Shares was transferred to NYSE Arca, Inc. ("NYSE Arca") on October 30, 2007. The

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View this 10-Q filing on SEC EDGAR