Invesco Yen Trust Files Q2 2024 10-Q

TL;DR

FXY filed its 10-Q. Yen trust financials updated.

AI Summary

Invesco CurrencyShares Japanese Yen Trust (FXY) filed its 10-Q for the period ending June 30, 2024. The filing details the trust's financial performance and operations. Key financial data and disclosures relevant to investors in the Japanese Yen-denominated trust are presented.

Why It Matters

This filing provides investors with crucial financial updates and disclosures for the Invesco CurrencyShares Japanese Yen Trust, impacting decisions related to currency exposure and investment strategies.

Risk Assessment

Risk Level: low — This is a routine financial filing for a currency trust, not indicating new or elevated risks.

Key Players & Entities

• Invesco CurrencyShares Japanese Yen Trust (company) — Filer of the 10-Q
• FXY (company) — Ticker symbol for Invesco CurrencyShares Japanese Yen Trust
• 20240630 (date) — End of the reporting period
• 20240807 (date) — Filing date

FAQ

Filing Documents

• fxy-20240630.htm (10-Q) — 610KB
• 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
• img2441481_0.jpg (GRAPHIC) — 213KB
• img2441481_1.jpg (GRAPHIC) — 261KB
• img2441481_2.jpg (GRAPHIC) — 168KB
• 0000950170-24-092118.txt ( ) — 3317KB
• fxy-20240630.xsd (EX-101.SCH) — 263KB
• fxy-20240630_htm.xml (XML) — 122KB

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 16 ITEM 4.

Controls and Procedures

Controls and Procedures 16 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 Japanese Yen Trust June 30, 2024 and December 31, 2023 (Unaudited) June 30, 2024 December 31, 2023 Assets Japanese Yen deposits, interest bearing $ 333,632,940 $ 312,587,509 Subscriptions Receivable 5,750,541 — Total Assets $ 339,383,481 $ 312,587,509 Liabilities Accrued Sponsor's fee $ 108,868 $ 99,069 Accrued interest expense on currency deposits 11 50,137 Total Liabilities 108,879 149,206 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 5,900,000 and 4,750,000 issued and outstanding, respectively 339,274,602 312,438,303 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 339,383,481 $ 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 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 $ — $ — $ — $ — Total Income — — — — Expenses Sponsor's fee ( 352,593 ) ( 256,042 ) ( 658,150 ) ( 480,675 ) Interest Expense on currency deposits ( 121 ) ( 129,901 ) ( 155,536 ) ( 243,876 ) Total Expenses ( 352,714 ) ( 385,943 ) ( 813,686 ) ( 724,551 ) Net Comprehensive Income (Loss) $ ( 352,714 ) $ ( 385,943 ) $ ( 813,686 ) $ ( 724,551 ) Basic and Diluted Earnings (Loss) per Share $ ( 0.06 ) $ ( 0.10 ) $ ( 0.15 ) $ ( 0.21 ) Weighted-average Shares Outstanding 5,978,571 3,800,549 5,466,484 3,530,6

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