Wed, Feb 26, 11:03 AM (54 days ago)
Invesco CurrencyShares® Swiss Franc Trust (FXF) reported a net comprehensive loss of $158,211 in 2024, compared to a loss of $453,245 in 2023. The Trust's total assets decreased to $142,218,802, primarily due to a decline in Swiss Franc deposits, which stood at $142,209,321. Revenue from interest income rose to $458,644, while operating expenses, mainly from the Sponsor’s fee, totaled $616,855. The Trust's NAV per Share reflects fluctuations in the Swiss Franc/USD exchange rate, which faced pressure from a strengthening USD and changing interest rates from the Swiss National Bank. The Trust's future outlook remains cautious, with risks stemming from currency volatility, geopolitical tensions, and economic uncertainties impacting the Swiss Franc's value. The Trust's market position is affected by its passive investment strategy, which does not utilize derivatives, exposing it to inherent currency risks. As of January 31, 2025, there were 1,350,000 redeemable capital shares outstanding, reflecting ongoing redemptions and market dynamics. The Trust's financial condition is stable, but shareholders should remain vigilant about potential risks associated with currency fluctuations and operational expenses exceeding interest income.