3.	Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of April 30, 2016 was an annual nominal rate of -0.40%. For the six months ended April 30, 2016, there were euro principal deposits of 754,080,822, euro principal redemptions of 866,394,898 and euro withdrawals (to pay expenses) of 1,073,243, resulting in an ending euro principal balance of 210,133,202. This equates to 240,675,942 USD (which includes USD redemptions payable). For the year ended October 31, 2015, there were euro principal deposits of 1,120,840,498, euro principal redemptions of 958,699,359 and euro withdrawals (to pay expenses) of 1,268,329, resulting in an ending euro principal balance of 323,520,521. This equates to 357,376,987 USD.

Net interest, if any, associated with creation and redemption activity is held in a euro-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.