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Euro Deposits
6 Months Ended
Jun. 30, 2020
Cash And Cash Equivalents [Abstract]  
Euro Deposits

Note 4 – Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of June 30, 2020 was an annual nominal rate of -0.50%. For the six months ended June 30, 2020, there were euro principal deposits of 108,749,678, euro principal redemptions of 179,639,490 and euro withdrawals (to pay expenses) of 1,087,833, resulting in an ending euro principal balance of 184,129,825. This equates to 206,805,419 USD (which includes USD subscriptions receivable). For the year ended December 31, 2019, there were euro principal deposits of 261,604,378, euro principal redemptions of 281,022,381 and euro withdrawals (to pay expenses) of 1,798,500, resulting in an ending euro principal balance of 256,107,470. This equates to 287,480,505 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.