Company: FXY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027263
Chunk: 52

Company: Invesco CurrencyShares Japanese Yen Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 52
---
 Trust has no employees, officers or directors. None of the managers or officers of the Sponsor receive compensation (including in the form of equity award grants) from the Trust. The Sponsor receives a Sponsor’s fee, which accrues daily at an annual nominal rate of 0.40% of the Japanese Yen in the Trust (including all unpaid interest but excluding unpaid fees, each as accrued through the immediately preceding day) and is paid monthly. 

For the year ended December 31, 2024, the Trust incurred Sponsor’s fees of $1,474,607 of which $1,337,394 had been paid at December 31, 2024. Sponsor’s fees of $137,213 were unpaid at December 31, 2024 and are reported as a liability on the Statement of Financial Condition. 

For the year ended December 31, 2023 , the Trust incurred Sponsor’s fees of $956,975 of which $857,906 had been paid at December 31, 2023. Sponsor’s fees of $99,069 were unpaid at December 31, 2023 and are reported as a liability on the Statement of Financial Condition. 

29

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The Trust has no officers or directors. The following table sets forth certain information regarding beneficial ownership of our Shares as of January 31, 2025, as known by management. No person is known by us to own beneficially more than 5% of outstanding Shares.

    Title of Class
     
    Name and Address of Beneficial Owner
     
    Amount andNature ofBeneficialOwnership

    Percentof Class

    Shares
     
    Managers and Officers of Invesco Specialized Products, LLC as a group

    —

    Less than 0.1%

The Trust has no securities authorized for issuance under equity compensation plans. 

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 

See Item 11. 

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES 

Audit and Non-Audit Fees 

The following table sets forth the fees for professional services rendered by PricewaterhouseCoopers LLP (“PwC), the Trust’s independent registered public accounting firm for the years ended December 31, 2024 and 2023. 

    Fiscal Years EndedDecember 31,