The Invesco CurrencyShares Swiss Franc Trust (FXF) is an exchange-traded fund designed to track the performance of the Swiss franc (CHF) relative to the U.S. dollar (USD). The ETF is managed by Invesco and trades under the ticker FXF on the NYSE Arca.

Classified as a currency ETF, the fund provides direct exposure to movements in the Swiss franc by holding Swiss franc-denominated deposits. Its structure allows investors to gain exposure to the CHF without trading directly in the foreign exchange market.

The ETF follows a passive management approach and seeks to reflect the value of the Swiss franc relative to the U.S. dollar, before accounting for the fund's operating expenses.

Diversification and sector exposure

FXF provides exposure primarily associated with:

• Swiss franc (CHF).

• Foreign exchange market.

• Global currencies.

• Safe-haven assets.

• Monetary policy.

• Swiss National Bank.

• Currency strategies.

• International diversification.

Because the fund invests exclusively in Swiss franc-denominated assets, it does not provide diversification across multiple currencies or asset classes.

The ETF's performance tracks movements in the exchange rate between the Swiss franc and the U.S. dollar, reflecting factors that influence both economies and their respective financial markets.

Structure and costs

FXF shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund holds Swiss franc-denominated deposits that serve as collateral for its outstanding shares. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

Because it invests exclusively in a single currency, the fund is subject to fluctuations in exchange rates and monetary policy decisions affecting the Swiss franc.

History and evolution of the ETF

The Invesco CurrencyShares Swiss Franc Trust was launched in 2006 as part of the CurrencyShares lineup, which was created to provide exchange-traded exposure to foreign currencies.

Since inception, the fund has tracked multiple economic cycles, changes in Swiss monetary policy, and periods when the Swiss franc attracted increased demand as a global safe-haven currency.

In recent years, decisions by the Swiss National Bank, changes in global interest rates, and broader macroeconomic conditions have continued to influence the value of the Swiss franc and, consequently, the ETF's performance.

Additional Information

Invesco CurrencyShares Swiss Franc Trust (United States) is an exchange-traded fund (ETF), with assets under management totaling $397.08 million.

Over the past 12 months, Invesco CurrencyShares Swiss Franc Trust recorded a return of -0.62%, with its price trading between $107.61 and $115.98 during the same period.

The ETF is traded under the ticker FXF.