Investors may wish to invest in the currency in order to take
advantage of short-term tactical or long–term strategic
An investor who believes that the U.S. dollar is weakening relative
to the currency may capitalize on the potential movement.
An investor who believes that the currency is overvalued relative
to the U.S. dollar may choose to sell CurrencyShares, including
short sales, as permitted by the Securities and Exchange Commission
Investors are able to access the currency market through a
traditional brokerage account and the shares trade daily on the
CurrencyShares are subject to risks similar to those of stocks
and may not be suitable for all investors. The value of the Shares
relates directly to the value of the Australian Dollars held by the
Trust. Fluctuations in the price of the Australian Dollar could
materially and adversely affect the value of the Shares.
If the Trust incurs expenses in USD, the Trust would be required to
sell Australian Dollars to pay these expenses. The sale of the
Trusts Australian Dollars to pay expenses in USD at a time of low
Australian Dollars prices could adversely affect the value of the
If interest earned by the Trust does not exceed the Trusts
expenses, the Trustee will withdraw Australian Dollars from the
Trust to pay these excess expenses, which will reduce the amount of
Australian Dollars represented by each Share on an ongoing basis
and may result in adverse tax consequences for Shareholders.
Substantial sales of Australian Dollars by the official sector
could adversely affect an investment in the Shares.
The USD/Australian Dollar exchange rate, like foreign exchange
rates in general, can be volatile and difficult to predict. This
volatility could materially and adversely affect the performance of
the Shares. Investment in foreign exchange related products is
subject to many factors that contribute to or increase volatility,
such as national debt levels and trade deficits, changes in
domestic and foreign interest rates, and investors’ expectations
concerning interest rates, currency exchange rates and global or
regional political, economic or financial events and
The interest rate paid by the Depository, if any, may not be the
best rate available. If the Sponsor determines that the interest
rate is inadequate, then its sole recourse is to remove the
Depository and terminate the Deposit Accounts.
The Fund is subject to certain other risks. Please see the current
prospectus for more information regarding the risks associated with
an investment in the Fund.
The Fund is not a mutual fund or any other type of Investment
Company within the meaning of the Investment Company Act of 1940,
as amended, and is not subject to regulation thereunder.
The Trust has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Trust has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC website at sec.gov.
Alternatively, you may visit the Trust’s web site at
invesco.com or the Trust will arrange to send you the
prospectus if you request it by calling toll free 800 983
Invesco Specialized Products, LLC is the sponsor/issuer and Invesco
Distributors, Inc. is the distributor for the Trust. Both firms are
indirect, wholly owned subsidiaries of Invesco Ltd.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial professional before making any investment
The WM/Reuters closing spot rates are provided by The World Markets
Company LBC (WM) in conjunction with Reuters and are used in
certain currencies (the “rates”) displayed herein. WM and Reuters
shall not be liable for any errors in delays in providing or making
available the WM/Reuters closing spot rates nor for any actions
taken in reliance on the same. This information cannot be used,
reproduced, distributed, redistributed, licensed in any way without
a written agreement with WM.
The Bank of New York Mellon is the Trustee and JPMorgan Chase Bank,
N.A., London Branch is the Depository for the Trust. Invesco is not
affiliated with the Trust’s Depository or Trustee.
Note: Not all products available through all firms or in all
Invesco Distributors, Inc.