Invesco CurrencyShares Swiss Franc Trust (NYSE Arca: FXF) is a currency exchange-traded product that holds Swiss Franc deposits on behalf of shareholders, providing direct exposure to the Swiss Franc relative to the U.S. dollar. The Trust generates no operating revenue in the traditional sense. It earns interest on Swiss Franc deposits held at a depository, while the Sponsor, Invesco Specialized Products, LLC, collects a fee accruing daily at an annual nominal rate of 0.40% of Swiss Francs held in the Trust, paid monthly. For the year ended December 31, 2025, the Trust incurred Sponsor's fees of $1,378,161. The Trust has no employees, officers, or directors of its own. The Bank of New York Mellon serves as Trustee under a Depositary Trust Agreement originally dated June 8, 2006. Brian Hartigan serves as Principal Executive Officer of the Sponsor, and Kelli Gallegos serves as Principal Financial and Accounting Officer. The Trust is a passive vehicle: it does not trade currencies, employ leverage, or pursue active strategies. PricewaterhouseCoopers LLP audits the Trust's financial statements and internal controls.

Revenue model

The Sponsor earns a fee accruing daily at an annual nominal rate of 0.40% of Swiss Francs held in the Trust, paid monthly. For the year ended December 31, 2025, total Sponsor's fees incurred were $1,378,161. The Trust itself may earn interest on Swiss Franc deposits held at the depository, though the interest rate is variable and may be reduced to zero or below zero.

Products and services

A single exchange-traded trust product holding Swiss Franc deposits. Each share represents a fractional interest in the Swiss Francs held by the Trust. The Trust issues and redeems shares in exchange for Swiss Francs deposited or withdrawn by shareholders.

Customers and end markets

Shareholders are investors seeking direct exposure to the Swiss Franc versus the U.S. dollar. The filing does not disclose any single beneficial owner holding more than 5% of outstanding shares as of January 31, 2026.

Value-chain role

Passive currency trust. Invesco Specialized Products, LLC acts as Sponsor, responsible for establishing, operating, and marketing the Trust. The Bank of New York Mellon acts as Trustee and Depository, holding Swiss Franc deposits and administering the trust structure under a license agreement with the Sponsor.

Geographic exposure

The Trust holds Swiss Franc-denominated deposits, giving shareholders exposure to the Swiss Franc. The filing does not specify the geographic domicile of shareholders or the depository location beyond the Trust's U.S. registration.

Source: SEC 10-K, filed 2026-03-02

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