Potential benefits
Investors may wish to invest in the
currency in order to take advantage of short–term tactical or long–term strategic opportunities.
An investor who believes that the U.S. dollar
is weakening relative to the currency may capitalize on the potential movement.
An investor who believes that the currency is overvalued relative to the
U.S. dollar may choose to sell CurrencyShares, including short sales, as permitted by the Securities and Exchange Commission (SEC).
Investors are able to
access the currency market through a traditional brokerage account and the shares trade daily on the NYSE Arca.
Investment risk
CurrencyShares are subject to risks
similar to those of stocks and may not be suitable for all investors. The value of the Shares relates directly to the value of the Canadian Dollars held by the Trust. Fluctuations in the price of the Canadian Dollars could materially and adversely
affect the value of the Shares.
If the Trust incurs expenses in USD, the Trust would be required to sell Canadian Dollars to pay these expenses. The
sale of the Trusts Canadian Dollars to pay expenses in USD at a time of low Canadian Dollars prices could adversely affect the value of the Shares.
The
Canadian Dollar/USD exchange rate, like foreign exchange rates in general, can be volatile and difficult to predict. This volatility could materially and adversely affect the performance of the Shares. Investment in foreign exchange related products
is subject to many factors that contribute to or increase volatility, such as national debt levels and trade deficits, changes in domestic and foreign interest rates, and investors’ expectations concerning interest rates, currency exchange
rates and global or regional political, economic or financial events and situations.
If interest earned by the Trust does not exceed the Trusts expenses,
the Trustee will withdraw Canadian Dollars from the Trust to pay these excess expenses, which will reduce the amount of Canadian Dollars represented by each Share on an ongoing basis and may result in adverse tax consequences for Shareholders.
Substantial sales of Canadian Dollars by the official sector could adversely affect an investment in the Shares.
The interest rate paid by the Depository, if any, may not be the best rate available. If the Sponsor determines that the interest rate is inadequate, then its
sole recourse is to remove the Depository and terminate the Deposit Accounts.
The Fund is subject to certain other risks. Please see the current
prospectus for more information regarding the risks associated with an investment in the Fund.
The Fund is not a mutual fund or any other type of
Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
The Trust
has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Trust has
filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov. Alternatively, you may visit the Trust’s web site at
invesco.com or the Trust will arrange to send you the prospectus if you request it by calling toll free 800 983 0903.
Important Information
Invesco Specialized Products, LLC is the sponsor/issuer and Invesco Distributors, Inc. is the distributor for the Trust. Both firms are indirect, wholly owned
subsidiaries of Invesco Ltd.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should
consult a financial professional before making any investment decisions.
The WM/Reuters closing spot rates are provided by The World Markets Company LBC
(WM) in conjunction with Reuters and are used in certain currencies (the “rates”) displayed herein. WM and Reuters shall not be liable for any errors in delays in providing or making available the WM/Reuters closing spot rates nor for any
actions taken in reliance on the same. This information cannot be used, reproduced, distributed, redistributed, licensed in any way without a written agreement with WM.
The Bank of New York Mellon is the Trustee and JPMorgan Chase Bank, N.A., London Branch is the Depository for the Trust. Invesco is not affiliated with the
Trust’s Depository or Trustee.
Note: Not all products available through all firms or in all jurisdictions.