3.	Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of July 31, 2017 was an annual nominal rate of -0.40%. For the nine months ended July 31, 2017, there were euro principal deposits of 765,589,618, euro principal redemptions of 741,516,852 and euro withdrawals (to pay expenses) of 1,294,369, resulting in an ending euro principal balance of 266,077,953. This equates to 313,706,062 USD (which includes USD redemptions payable). 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.