Fund Description: Invesco CurrencyShares® Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust issues Japanese Yen Shares that represent units of fractional undivided beneficial interest in, and ownership of, the Trust. The investment objective of the Trust is for the Shares to reflect the price in USD of the Japanese Yen. The Shares are intended to provide investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Japanese Yen. Investors will be able to access the market for Japanese Yen through a traditional brokerage account. Because Shares will be traded as securities, transaction costs will be substantially reduced. Because they will be traded on the NYSE, the Shares will provide investors with an efficient means of implementing investment tactics and strategies that involve Japanese Yen. NYSE-listed securities are eligible for margin accounts. Accordingly, investors will be able to purchase and hold Shares with borrowed money to the extent permitted by law. Earning income for Shareholders is not the objective of the Trust. Whether investors earn income will primarily depend on the relative value of the Japanese Yen and the USD. If the Japanese Yen appreciates relative to the USD and a Shareholder sells Shares, the Shareholder will earn income. If the Japanese Yen depreciates relative to the USD and a Shareholder sells Shares, the Shareholder will incur a loss. The Shares will be backed by the assets of the Trust, which will not hold or use derivative products. TRUST MANAGEMENT: Invesco Specialized Products, LLC, is the sponsor of the Trust and may be deemed the ‘‘issuer’’ of the Shares. The Bank of New York is the trustee of the Trust, JPMorgan Chase Bank, N.A., London Branch is the depository for the Trust, and Invesco Distributors, Inc. is the distributor for the Trust.