Key stats
About Invesco CurrencyShares Canadian Dollar Trust
Expense ratio
0.40%
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Inception date
Jun 21, 2006
ISIN
US46138T1043
FXC provides direct exposure to the Canadian currency by holding physical Canadian dollars in a JPMorgan deposit account. This simple structure allows the fund to closely track the CAD/USD spot exchange rate. FXC is fit for investors interested in accessing the Canadian dollar without the hassles of a separate foreign exchange account. Still, investors should note that: 1) there's no deposit insurance on its holdings, so it carries credit risk of its depository, JPMorgan, and 2) distributions and share sales are always taxed at ordinary-income rate, regardless of holding period.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%