Invesco CurrencyShares Euro Trust
FXE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Anna Paglia
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Dec 12, 2005
- CIK
- 0001328598
- Website
- currencyshares.com
- Similar Companies
- Business
- Invesco CurrencyShares Euro Trust (FXE) is a grantor trust sponsored by Invesco Specialized Products, LLC that holds euro and seeks to reflect the price in USD of euro backed by physical holdings in deposit accounts at JPMorgan Chase Bank, N.A., London Branch, plus accrued interest from those deposits, if any, less the Trust's expenses. The Trust issues and redeems shares in baskets of 50,000 shares exclusively to authorized participants in exchange for deposits of euro, with shares trading on NYSE Arca under the ticker FXE; it provides investors with targeted exposure to the euro/USD exchange rate without using derivatives or engaging in active management. The sole ordinary recurring expense is the Sponsor's annual fee of 0.40% of the euro held by the Trust (excluding unpaid fees), with the Trustee, The Bank of New York Mellon, calculating daily net asset value based on the WM/Reuters Euro Closing Spot Rate. The Trust's core service is the issuance of exchange-traded shares representing fractional undivided interests in its euro holdings, enabling institutional and retail investors to gain simple, cost-effective access to euro price movements relative to the USD; shares are bought and sold like other exchange-listed securities, with net asset value per share published daily on the Sponsor's website. Euro deposits are maintained in a primary interest-bearing account and a secondary non-interest-bearing account used for creations, redemptions, and excess interest distributions; any interest earned exceeding expenses is converted to USD and distributed pro-rata to shareholders monthly. The Trust operates passively across global currency markets, targeting participants seeking to hedge USD exposure, capitalize on euro appreciation, or implement tactical currency strategies. Formed on December 5, 2005, with shares first trading on December 12, 2005, the Trust is headquartered at Invesco's principal offices in Downers Grove, Illinois, and primarily serves U.S.-based investors through NYSE Arca, with euro deposits held in London. In April 2018, the Trust underwent a reorganization reflecting the Sponsor's transition from Guggenheim Specialized Products, LLC to Invesco Specialized Products, LLC, integrating it into Invesco Ltd.'s broader ETF platform without altering its investment objective or structure. On January 9, 2019, the Sponsor aligned the Trust's fiscal year-end to calendar-year December 31 from the prior November 1 to October 31 period to standardize reporting. No significant acquisitions, funding rounds, new product launches, or strategic alliances have been reported in the last two years, with operations remaining focused on tracking euro performance amid ongoing eurozone dynamics.