Symbols

FXB

Invesco CurrencyShares British Pound Sterling Trust·NYSE

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Key Stats

Assets Under Management

77.72MUSD

Fund Flows (1Y)

13.24MUSD

Dividend Yield

2.41%

Discount/Premium to NAV

-0.03%

Shares Outstanding

600.00K

Expense Ratio

0.40%

About Invesco CurrencyShares British Pound Sterling Trust

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/portal/site/us/financial-professional/etfs/product-detail?productId=FXB&ticker=FXB&title=powershares-currencyshares-british-pound-sterling-trust

Inception Date

Jun 21, 2006

Structure

Grantor Trust

Index Tracked

GBP/USD Exchange Rate

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Ordinary Income

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

39.60%

Primary Advisor

Invesco Specialized Products LLC

Distributor

Invesco Distributors, Inc.

FXB provides access to British pound by holding GBP through a deposit account —a simple, direct strategy. However, FXB's deposits are uninsured, leaving investors exposed to the default risk of JPMorgan, the fund's depository bank. Tax efficiency is another concern, any distributions or capital gains are taxed at ordinary income rates (regardless of holding period). FXB is rebalanced quarterly.