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About INVESCO CCY SHS BRIT POUND STLG TR BRIT POUND STERLING SHS ETF
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Inception date
Jun 21, 2006
Structure
Grantor Trust
Distributes
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Tax on distributions
Ordinary income
FXB provides access to British pound by holding GBP through a deposit account a simple, direct strategy. However, FXB's deposits are uninsured, leaving investors exposed to the default risk of JPMorgan, the fund's depository bank. Tax efficiency is another concern, any distributions or capital gains are taxed at ordinary income rates (regardless of holding period). FXB is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.01%
Miscellaneous−0.01%
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