FXYInvesco CurrencyShares Japanese Yen Trust
FXY Fund Description
FXY tracks the changes in value of the Japanese yen relative to the US dollar.
FXY Factset Analytics Insight
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.
FXY Portfolio Management
FXY Tax Exposures
FXY Fund Structure
FXY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXY. FXY is rated a 5 out of 5.
FXY Top 10 Holdings
FXY Portfolio Tilts Comparison
FXY Performance Statistics
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.