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Australian Dollar Deposits
3 Months Ended
Mar. 31, 2023
Cash And Cash Equivalents [Abstract]  
Australian Dollar Deposits

Note 4 – Australian Dollar Deposits

Australian Dollar principal deposits are held in an Australian Dollar-denominated, interest-bearing demand account. The interest rate in effect as of March 31, 2023 was an annual nominal rate of 1.22%. For the three months ended March 31, 2023, there were Australian Dollar principal deposits of 4,949,033 and Australian Dollar principal redemptions of 9,898,066, resulting in an ending Australian Dollar principal balance of 113,827,761. This equates to 76,236,369 USD. For the year ended December 31, 2022, there were Australian Dollar principal deposits of 34,667,570, Australian Dollar principal redemptions of 49,506,491 and Australian Dollar withdrawals (to pay expenses) of 407,222, resulting in an ending Australian Dollar principal balance of 118,776,794. This equates to 80,548,483 USD (which includes USD redemptions payable).

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