Key stats
About INVESCO CURRENCYSHARES JAPANESE YEN TRUST
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Inception date
Feb 12, 2007
Structure
Grantor Trust
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Distributor
Invesco Distributors, Inc.
FXY is known for its exposure to the Japanese yen (both long and short). The fund offers a simple strategy – it holds Japanese yen in a deposit account. Still, it is worth noting 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 (as opposed to capital gains), regardless of holding period. In addition, FXY doesn't deliver the overnight lending rate like its benchmark, but with interest rates in Japan near 0% (or even lower), that's not much of a drawback. In fact, a 0% yield is a boon for those looking to short shares in the fund.
Classification
Geography
Japan
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, FXY doesn't pay dividends to its holders.
FXY shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Feb 12, 2007, and its management style is Passive.
FXY expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
FXY follows the Japanese Yen per U.S. Dollar. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FXY invests in cash.
FXY price has fallen by −5.42% over the last month, and its yearly performance shows a 21.92% increase. See more dynamics on FXY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −3.63% over the last month, have fallen by −3.63% over the last month, showed a −1.68% decrease in three-month performance and has increased by 25.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −3.63% over the last month, have fallen by −3.63% over the last month, showed a −1.68% decrease in three-month performance and has increased by 25.53% in a year.
FXY trades at a premium (0.46%) meaning the ETF is trading at a higher price than the calculated NAV.