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Australian Dollar Deposits
3 Months Ended
Mar. 31, 2024
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, 2024 was an annual nominal rate of 1.92%. For the three months ended March 31, 2024, there were Australian Dollar principal deposits of 19,796,132 and Australian Dollar principal redemptions of 29,694,198, resulting in an ending Australian Dollar principal balance of 103,929,695. This equates to 67,803,819 USD. For the year ended December 31, 2023, there were Australian Dollar principal deposits of 29,694,198 and Australian Dollar principal redemptions of 34,643,231 resulting in an ending Australian Dollar principal balance of 113,827,761. This equates to 77,670,560 USD.

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.