FXCInvesco CurrencyShares Canadian Dollar Trust
FXC Fund Description
FXC tracks the changes in value of the Canadian dollar relative to the US dollar.
FXC Factset Analytics Insight
Investors interested in accessing the Canadian dollar without the hassles of a separate foreign exchange account need look no further than FXC. The fund provides direct exposure to the Canadian currency by holding physical Canadian dollars in a JPMorgan deposit account. Its simple structure allows it to track the spot exchange rate well. Still, FXC is not totally without its warts—there's no deposit insurance on its holdings (it carries credit risk of its depository, JPMorgan), and sales of shares are always taxed at ordinary income rates, regardless of holding period. Still, it offers great direct exposure in a space where many alternative funds use derivatives. The fund is extremely easy to trade, with tiny spreads for retail investors, and creation/redemption should be a breeze for larger investors. FXC's fee is competitive, but it's worth noting that distributions and share sales are always taxed as ordinary income.
FXC Portfolio Management
FXC Tax Exposures
FXC Fund Structure
FXC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXC. FXC is rated a 5 out of 5.
FXC Top 10 Holdings
FXC Portfolio Tilts Comparison