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Euro Deposits
9 Months Ended
Sep. 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 September 30, 2020 was an annual nominal rate of -0.50%. For the nine months ended September 30, 2020, there were euro principal deposits of 278,446,723, euro principal redemptions of 240,874,294 and euro withdrawals (to pay expenses) of 1,618,326, resulting in an ending euro principal balance of 292,061,573. This equates to 342,486,152 USD. 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.