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Euro Deposits
9 Months Ended
Sep. 30, 2022
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, 2022 was an annual nominal rate of -0.25%. For the nine months ended September 30, 2022, there were euro principal deposits of 504,256,888, euro principal redemptions of 291,657,721 and euro withdrawals (to pay expenses) of 1,648,556, resulting in an ending euro principal balance of 397,059,256. This equates to 388,980,139 USD (which includes USD redemptions payable). For the year ended December 31, 2021, there were euro principal deposits of 154,383,268, euro principal redemptions of 233,628,410, and euro withdrawals (to pay expenses) of 2,525,944, resulting in an ending euro principal balance of 186,108,645. This equates to 211,643,424 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.