FXAInvesco CurrencyShares Australian Dollar Trust
FXA Fund Description
FXA tracks the changes in value of the Australian dollar (AUD) relative to the US dollar.
FXA Factset Analytics Insight
FXA offers direct exposure to the AUD by holding physical dollars in a deposit account at JPMorgan. The fund does a great job of providing exposure to the Aussie dollar and its corresponding interest rate through its simple structure. However, unlike a retail checking account in the US, the fund’s AUD deposits are uninsured. As a result, investors are exposed to the default risk of JPMorgan, the fund's depository bank. Tax efficiency is another concern, any distributions or sales of FXA shares are taxed at ordinary income rates, regardless of holding period. FXA is rebalanced quarterly.
FXA Portfolio Management
FXA Tax Exposures
FXA Fund Structure
FXA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXA. FXA is rated a 5 out of 5.
FXA Top 10 Holdings
FXA Portfolio Tilts Comparison