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Euro Deposits
9 Months Ended
Sep. 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 September 30, 2023 was an annual nominal rate of 2.70%. For the nine months ended September 30, 2023, there were euro principal deposits of 115,328,907 and euro principal redemptions of 166,073,625 resulting in an ending euro principal balance of 216,818,346. This equates to 229,556,432 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.