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Canadian Dollar Deposits
3 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
Canadian Dollar Deposits

Note 4 - Canadian Dollar Deposits

Canadian Dollar principal deposits are held in a Canadian Dollar-denominated, interest-bearing demand account. The interest rate in effect as of March 31, 2024 was an annual nominal rate of 2.76%. For the three months ended March 31, 2024, there were Canadian Dollar principal redemptions of 24,433,157, resulting in an ending Canadian Dollar principal balance of 78,186,103. This equates to 57,776,540 USD. For the year ended December 31, 2023, there were Canadian Dollar principal deposits of 141,712,275 and Canadian Dollar principal redemptions of 171,032,104, resulting in an ending Canadian Dollar principal balance of 102,619,260. This equates to 77,824,405 USD.

Net interest, if any, associated with creation and redemption activity is held in a Canadian Dollar-denominated non-interest bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.