Symbols

FXF

Invesco CurrencyShares Swiss Franc Trust·ARCA

--(--)

Key Stats

Assets Under Management

511.73MUSD

Fund Flows (1Y)

340.07MUSD

Dividend Yield

Discount/Premium to NAV

0.04%

Shares Outstanding

4.65M

Expense Ratio

0.40%

About Invesco CurrencyShares Swiss Franc Trust

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=ETF-FXF

Inception Date

Jun 21, 2006

Structure

Grantor Trust

Index Tracked

USD/CHF 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.

FXF is the first ETF option for those interested in accessing the Swiss franc. FXF holds Swiss francs directly in a deposit account, allowing the fund to closely track the CHF/USD spot exchange rate. Still, it is worth noting that: 1) there's no deposit insurance on its holdings, so it carries credit risk of its depository, JPMorgan, and 2) distributions and share sales are always taxed at ordinary-income rate, regardless of holding period. Since the fund simply holds currency, institutional investors should expect straightforward block execution.