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Euro Deposits
6 Months Ended
Jun. 30, 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 June 30, 2021 was an annual nominal rate of -0.65%. For the six months ended June 30, 2021, there were euro principal deposits of 93,761,912, euro principal redemptions of 112,503,301 and euro withdrawals (to pay expenses) of 1,244,359, resulting in an ending euro principal balance of 247,893,983. This equates to 293,977,273 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.