What is the investment objective of the CurrencyShares Trusts?
The investment objective of each CurrencyShares Trust is for the Shares of that Trust to reflect the price of the currency held by the Trust. Earning income for shareholders is not the objective of any Trust. Whether investors earn income will primarily depend on the relative value of the currency held by the Trust and the U.S. Dollar. If the currency held by a Trust appreciates relative to the U.S. Dollar and a shareholder sells shares, the shareholder will earn income. If the currency held by a Trust depreciates relative to the U.S. Dollar and a shareholder sells shares, the shareholder will incur a loss.
