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Euro Deposits
6 Months Ended
Jun. 30, 2023
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, 2023 was an annual nominal rate of 2.20%. For the six months ended June 30, 2023, there were euro principal deposits of 69,197,344 and euro principal redemptions of 106,101,530 resulting in an ending euro principal balance of 230,657,815. This equates to 251,647,754 USD. For the year ended December 31, 2022, there were euro principal deposits of 679,568,682, euro principal redemptions of 596,144,853, and euro withdrawals (to pay expenses) of 1,970,473, resulting in an ending euro principal balance of 267,562,001. This equates to 285,555,944 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.