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Swiss Franc Deposits
3 Months Ended
Mar. 31, 2020
Cash And Cash Equivalents [Abstract]  
Swiss Franc Deposits

Note 4 - Swiss Franc Deposits

Swiss Franc principal deposits are held in a Swiss Franc-denominated, interest-bearing demand account. The interest rate in effect as of March 31, 2020 was an annual nominal rate of -0.75%. For the three months ended March 31, 2020, there were Swiss Franc principal deposits of 27,605,719, Swiss Franc principal redemptions of 22,991,844 and Swiss Franc withdrawals (to pay expenses) of 392,010, resulting in an ending Swiss Franc principal balance of 133,409,839. This equates to 137,884,181 USD. For the year ended December 31, 2019, there were Swiss Franc principal deposits of 46,358,107, Swiss Franc principal redemptions of 88,118,747 and Swiss Franc withdrawals (to pay expenses) of 1,759,836, resulting in an ending Swiss Franc principal balance of 129,187,974. This equates to 133,410,414 USD (which includes USD subscriptions receivable).

Net interest, if any, associated with creation and redemption activity is held in a Swiss Franc-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.