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, 2018 was an annual nominal rate of -0.40%. For the three months ended January 31, 2018, there were euro principal deposits of 207,102,765, euro principal redemptions of 279,487,959 and euro withdrawals (to pay expenses) of 545,861, resulting in an ending euro principal balance of 264,931,893. This equates to 330,039,021 USD. For the year ended October 31, 2017, there were euro principal deposits of 997,328,606, euro principal redemptions of 900,863,979 and euro withdrawals (to pay expenses) of 1,901,235, resulting in an ending euro principal balance of 337,862,948. This equates to 393,593,414 USD (which includes USD subscriptions receivable).

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.