0000897069-16-000589.txt : 20160126 0000897069-16-000589.hdr.sgml : 20160126 20160126112057 ACCESSION NUMBER: 0000897069-16-000589 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160126 DATE AS OF CHANGE: 20160126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CURRENCYSHARES JAPANESE YEN TRUST CENTRAL INDEX KEY: 0001353613 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83957 FILM NUMBER: 161360507 BUSINESS ADDRESS: STREET 1: C/O GUGGENHEIM INVESTMENTS STREET 2: 805 KING FARM BOULEVARD, SUITE 600 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 301-296-5100 MAIL ADDRESS: STREET 1: C/O GUGGENHEIM INVESTMENTS STREET 2: 805 KING FARM BOULEVARD, SUITE 600 CITY: ROCKVILLE STATE: MD ZIP: 20850 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEUTHOLD GROUP, LLC CENTRAL INDEX KEY: 0001170152 IRS NUMBER: 411971243 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 33 SOUTH SIXTH STREET STREET 2: SUITE 4600 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123329141 MAIL ADDRESS: STREET 1: 33 SOUTH SIXTH STREET STREET 2: SUITE 4600 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT DATE OF NAME CHANGE: 20100217 FORMER COMPANY: FORMER CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20020328 SC 13G/A 1 cg659.htm cg659.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

CurrencyShares Japanese Yen Trust
(Name of Issuer)

Japanese Yen Shares
(Title of Class of Securities)

23130A102
(CUSIP Number)

December 31, 2015
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
S                      Rule 13d-1(b)
 
¨                      Rule 13d-1(c)
 
¨                      Rule 13d-1(d)
 
*  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
1
 
CUSIP No. 23130A102
 

 

1
NAME OF REPORTING PERSONS
 
Leuthold Weeden Capital Management
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
Not Applicable
(a) ¨
(b) o
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
20,468
6
SHARED VOTING POWER
 
172,886(1)
7
SOLE DISPOSITIVE POWER
 
20,468
8
SHARED DISPOSITIVE POWER
 
172,886(1)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
193,354
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
Not Applicable
o
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
12.1% (2)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IA

 
(1)
Represents shares beneficially owned by Leuthold Core Investment Fund and Leuthold Global Fund (see Item 2(a)).

 
(2)
This percentage is calculated based on 1,600,000 shares outstanding, as publicly reported by the issuer.

 
2
 
CUSIP No. 23130A102
 

 

1
NAME OF REPORTING PERSONS
 
Leuthold Core Investment Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
Not Applicable
(a) ¨
(b) o
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
117,346
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
117,346
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
117,346
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
Not Applicable
o
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.3% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IV

 
(1)
This percentage is calculated based on 1,600,000 shares outstanding, as publicly reported by the issuer.

 
3
 
CUSIP No. 23130A102
 

 

1
NAME OF REPORTING PERSONS
 
Leuthold Global Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
Not Applicable
(a) ¨
(b) o
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
55,540
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
55,540
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
55,540
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
Not Applicable
o
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
3.5% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IV

 
(1)
This percentage is calculated based on 1,600,000 shares outstanding, as publicly reported by the issuer.

 
4
 
CUSIP No. 23130A102
 
 
 
Item 1(a).
Name of Issuer:

 
CurrencyShares Japanese Yen Trust

Item 1(b).
Address of Issuer’s Principal Executive Offices:

 
805 King Farm Boulevard, Suite 600, Rockville, MD  20850

Item 2(a).
Name of Person Filing:

 
The persons filing this Schedule 13G are (i) Leuthold Weeden Capital Management, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940; (ii) Leuthold Core Investment Fund, an investment company registered under the Investment Company Act of 1940; and (iii) Leuthold Global Fund, an investment company registered under the Investment Company Act of 1940.  Leuthold Weeden Capital Management is the investment adviser to Leuthold Core Investment Fund and to Leuthold Global Fund.  Attached as Exhibit 1 hereto, which is incorporated by reference herein, is an agreement between Leuthold Weeden Capital Management, Leuthold Core Investment Fund and Leuthold Global Fund that this Schedule 13G is filed on behalf of each of them.

Item 2(b).
Address of Principal Business Office or, if none, Residence:

 
33 South Sixth Street, Suite 4600, Minneapolis, MN  55402

Item 2(c).
Citizenship:

 
Leuthold Weeden Capital Management is a Delaware corporation.

 
Leuthold Core Investment Fund is a Maryland corporation.

 
Leuthold Global Fund is a Maryland corporation.

Item 2(d).
Title of Class of Securities:

 
Japanese Yen Shares

Item 2(e).
CUSIP Number:

 
23130A102

 
5
 
CUSIP No. 23130A102
 
 
 
Item 3.
If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 
T
An investment registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 
T
An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).

Item 4.
Ownership:

 
Leuthold Weeden Capital Management

 
(a)
Amount Beneficially Owned:  193,354

 
(b)
Percent of Class:  12.1%

 
(c)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:  20,468

 
(ii)
shared power to vote or to direct the vote:  172,886

 
(iii)
sole power to dispose or to direct the disposition of:  20,468

 
(iv)
shared power to dispose or to direct the disposition of:  172,886

 
Leuthold Core Investment Fund

 
(a)
Amount Beneficially Owned:  117,346

 
(b)
Percent of Class:  7.3%

 
(c)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:  0

 
(ii)
shared power to vote or to direct the vote:  117,346

 
(iii)
sole power to dispose or to direct the disposition of:  0

 
(iv)
shared power to dispose or to direct the disposition of:  117,346


 
6
 
CUSIP No. 23130A102
 
 
 
 
Leuthold Global Fund

 
(a)
Amount Beneficially Owned:  55,540

 
(b)
Percent of Class:  3.5%

 
(c)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:  0

 
(ii)
shared power to vote or to direct the vote:  55,540

 
(iii)
sole power to dispose or to direct the disposition of:  0

 
(iv)
shared power to dispose or to direct the disposition of:  55,540


Item 5.
Ownership of Five Percent or Less of a Class:

 
N/A

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

 
The securities reported in this statement are beneficially owned by managed accounts that are investment management clients of the Reporting Person.  The investment management contracts of these clients grant to the Reporting Person all investment and voting power over the securities reported in this statement.  Therefore, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, the Reporting Person is deemed to be the beneficial owner of the securities reported in this statement.  The clients of the Reporting Person have the right to receive or power to direct the receipt of dividends from, as well as the proceeds from the sale of, the securities reported in this statement.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

 
N/A

Item 8.
Identification and Classification of Members of the Group:

 
N/A

 
7
 
CUSIP No. 23130A102
 
 
 
Item 9.
Notice of Dissolution of Group:

 
N/A

Item 10.
Certification:

 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


 
Exhibits.

 
Agreement to file Schedule 13G jointly (previously filed as Exhibit 1 to the Reporting Person’s Schedule 13G filed October 6, 2015).


SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:  January 26, 2016

Leuthold Weeden Capital Management


By:      /s/ Roger Peters
Roger Peters
Chief Compliance Officer


Leuthold Funds, Inc., on behalf of
Leuthold Core Investment Fund
and Leuthold Global Fund


By:      /s/ Roger Peters
Roger Peters
Vice President and Chief Compliance Officer
 
 
 
8