Here are the 10-K annual reports from Invesco CurrencyShares Japanese Yen Trust (FXY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FXY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FXY filings page.
Invesco CurrencyShares Japanese Yen Trust filed its annual report describing 2025 results and operations. The grantor trust holds Japanese yen deposits and aims for its shares to track the USD price of the yen, plus any interest, minus expenses.
Total assets were Japanese yen deposits equivalent to $475,304,521 as of December 31, 2025, with 8,100,000 redeemable capital shares outstanding. With the deposit rate at 0.00%, interest income was zero while the Sponsor’s 0.40% fee totaled $2,394,370, driving a net comprehensive loss of $2,394,647 for 2025. The trust notes that when expenses exceed interest, the yen per share declines over time.
The filing highlights key risks: yen/USD exchange-rate volatility, potential premiums or discounts to NAV if basket creation/redemption is disrupted, concentration of all assets at a single depository, and cybersecurity and geopolitical risks. The trust will cease to qualify as a smaller reporting company based on its June 30, 2025 public float, but continues to use scaled disclosures in this report as permitted.