3.	Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of January 31, 2017 was an annual nominal rate of -0.40%. For the three months ended January 31, 2017, there were euro principal deposits of 116,573,787, euro principal redemptions of 160,368,053 and euro withdrawals (to pay expenses) of 397,620, resulting in an ending euro principal balance of 199,107,670. This equates to 215,175,700 USD (which includes USD subscriptions receivable). For the year ended October 31, 2016, there were euro principal deposits of 1,080,489,764, euro principal redemptions of 1,158,683,985 and euro withdrawals (to pay expenses) of 2,026,744 resulting in an ending euro principal balance of 243,299,556. This equates to 266,705,058 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.