XML 24 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Euro Deposits
3 Months Ended
Mar. 31, 2021
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 March 31, 2021 was an annual nominal rate of -0.50%. For the three months ended March 31, 2021, there were euro principal deposits of 61,012,147, euro principal redemptions of 65,672,692 and euro withdrawals (to pay expenses) of 618,732, resulting in an ending euro principal balance of 262,600,454. This equates to 308,634,165 USD. For the year ended December 31, 2020, there were euro principal deposits of 428,947,584, euro principal redemptions of 414,936,856 and euro withdrawals (to pay expenses) of 2,238,467, resulting in an ending euro principal balance of 267,879,731. This equates to 327,764,221 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.