FWP 1 d612064dfwp.htm FWP FWP

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FXCH Invesco CurrencyShares Chinese Renminbi Trust As of June 30, 2018 Fund Description Growth of $10,000 WM/Reuters Chinese Renminbi The Invesco CurrencyShares® Chinese Renminbi Closing Spot Rate $20k Trust (the “trust”) is designed to track the price $9,778 of the Chinese renminbi, and trades under the CurrencyShares Chinese Renminbi ticker symbol FXCH. The Chinese renminbi has Trust been the official currency of China since 1949. $9,587 The People’s Bank of China has been functioning as the central bank of China since 1983. The $10k Fund is rebalanced quarterly. Fund Data Fund Symbol FXCH Share Price $73.93 $0 Intraday NAV (IIV) FXCHNV ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 NAV Price $73.94 Total Expense Ratio 0.40% Data beginning Fund Inception and ending June 30, 2018. Fund performance shown at NAV. CUSIP 46138X105 Listing Exchange NYSE Arca Fund Performance & Index History (%) Fund YTD 1 year 3 year 5 year 10 year Inception Benchmark Index WM/Reuters Chinese Renminbi Closing Spot -1.75 2.30 -2.17 -1.53 — -0.33 Rate Fund NAV -1.88 2.00 -2.46 -1.83 — -0.63 Market Price -1.91 2.02 -2.66 -1.57 — -0.63 Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. See invesco.com for the most recent month-end performance numbers. Fund performance reflects applicable fee waivers, absent which the performance data quoted would have been lower. Returns less than one year are cumulative. The net asset value (NAV) and market close performance may differ from one another. A major reason for the difference is that timing discrepancies can exist between the NAV, which is calculated using the WM/Reuters closing spot rate, and the market close, which is calculated using closing price (last trade). Market price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim. Issuer Free Writing Prospectus dated August 17, 2018 Filed Pursuant to Rule 433 Registration No. 333-220424 Fund Inception: Sept. 29, 2011 revenues from securities lending were added to the determined by WM/Reuters as of 4:00 p.m. London Index returns do not represent Fund returns. An performance shown. In addition, the results actual Time. investor cannot invest directly in an index. investors might have achieved would have differed from those shown because of differences in the timing, Shares are not individually redeemable. Shares may The benchmark index does not charge management amounts of their investments, and fees and expenses be acquired from the Fund and tendered for fees or brokerage expenses, and no such fees or associated with an investment in the Fund. redemption to the Fund in Creation and Redemption expenses were deducted from the performance shown; WM/Reuters closing spot rate is the exchange rate of Units only, typically consisting of 50,000 Shares. nor does the benchmark index lend securities, and no the U.S. dollar and the applicable foreign currency as


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FXCH Invesco CurrencyShares Chinese Renminbi Trust As of June 30, 2018 Top Fund Holdings (%) Annual Index History (%) Weight WM/Reuters Chinese Chinese Renminbi 100.00 Renminbi Closing Spot Rate 2012 1.94 2013 2.71 2014 -2.55 2015 -5.34 2016 -5.71 2017 6.98 2018 YTD -1.75 Potential Benefits Investors may wish to invest in the currency in order to take advantage of short–term tactical or long–term strategic opportunities. An investor who believes that the U.S. dollar is weakening relative to the currency may capitalize on the potential movement. An investor who believes that the currency is overvalued relative to the U.S. dollar may choose to sell CurrencyShares, including short sales, as permitted by the Securities and Exchange Commission (SEC). Investors are able to access the currency market through a traditional brokerage account and the shares trade daily on the NYSE Arca. About risk CurrencyShares are subject to risks similar to those expenses. The sale of the Trust’s Chinese Renminbi to Substantial sales of Chinese Renminbi by the official of stocks and may not be suitable for all investors. pay expenses in USD at a time of low Chinese sector could adversely affect an investment in the The value of the Shares relates directly to the value Renminbi prices could adversely affect the value of the Shares. of the Chinese Renminbi held by the Trust. Shares. Fluctuations in the price of the Chinese Renminbi The Intraday NAV is a symbol representing estimated The interest rate paid by the Depository, if any, may could materially and adversely affect the value of fair value based on the most recent intraday price of not be the best rate available. If the Sponsor the Shares. underlying assets. determines that the interest rate is inadequate, then its There is no assurance that the USD/ Chinese Renminbi sole recourse is to remove the Depository and Invesco Specialized Products, LLC is the sponsor/issuer exchange rate will be stable or that the Chinese and Invesco Distributors, Inc. is the distributor for the terminate the Deposit Accounts. Renminbi will maintain its value or increase in value to Trust. Both firms are indirect, wholly owned The Fund is subject to certain other risks. Please see the USD. The recent devaluation of the Chinese subsidiaries of Invesco Ltd. the current prospectus for more information regarding Renminbi relative to the USD caused a decrease in the the risks associated with an investment in the Fund. value of the Shares. Any future devaluation of the The WM/Reuters closing spot rates are provided by The Fund is not a mutual fund or any other type of Chinese Renminbi relative to the USD would also The World Markets Company LBC (WM) in conjunction investment company within the meaning of the decrease the value of the Shares. Exchange rate with Reuters and are used for certain currencies (the Investment Company Act of 1940, as amended, and volatility is unpredictable and could materially and “rates”) displayed herein. WM and Reuters shall not be is not subject to regulation thereunder. adversely affect the performance of the Shares. liable for any errors in delays in providing or making Investment in foreign exchange related products is available the WM/Reuters closing spot rates nor for Shares in the Fund are not FDIC insured, may lose subject to many factors that contribute to or increase any actions taken in reliance on the same. This value and have no bank guarantee. volatility, such as national debt levels and trade information cannot be used, reproduced, distributed, The Trust has filed a registration statement deficits, changes in domestic and foreign interest rates, redistributed, licensed in any way without a written (including a prospectus) with the SEC for the and investors’ expectations concerning interest rates, agreement with WM. offering to which this communication relates. Before currency exchange rates and global or regional The Bank of New York Mellon is the Trustee and you invest, you should read the prospectus in that political, economic or financial events and situations. JPMorgan Chase Bank, N.A., London Branch is the registration statement and other documents the If interest earned by the Trust does not exceed the Depository for the Trust. Invesco is not affiliated with Trust has filed with the SEC for more complete Trust’s expenses, the Trustee will withdraw Chinese the Trust’s Depository or Trustee. information about the issuer and this offering. You Renminbi from the Trust to pay these excess expenses, This does not constitute a recommendation of any may get these documents for free by visiting which will reduce the amount of Chinese Renminbi investment strategy or product for a particular EDGAR on the SEC website at sec.gov. represented by each Share on an ongoing basis and investor. Investors should consult a financial Alternatively, you may visit the Trust’s web site at may result in adverse tax consequences for professional before making any investment decisions. invesco.com or the Trust will arrange to send you Shareholders. Note: Not all products available through all firms or in the prospectus if you request it by calling toll free If the Trust incurs expenses in USD, the Trust would be all jurisdictions. 800 983 0903. required to sell Chinese Renminbi to pay these 800 983 0903 invesco.com P-FXCH-PC-1 08/18