Key stats
About INVESCO CCY SHS EURO TR EURO SHS ETF
Expense ratio
0.40%
Home page
Inception date
Dec 9, 2005
ISIN
US46138K1034
FXE allows investors to access the euro with holdings of physical euros in a deposit account. This simple structure allows the fund to closely track the euro/US dollar spot exchange rate. Still, it is worth noting that: 1) distributions and share sales of FXE are always taxed as ordinary income, so increase in holding cost should be expected, and 2) the fund's physical deposits of euros are uninsured, so it carries the default risk of its depository, JPMorgan. Additionally, another thing to note on FXE is that it doesn't deliver the overnight lending rate like its benchmark does.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Miscellaneous−0.00%