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Invesco CurrencyShares Australian Dollar Trust
FXA (Invesco CurrencyShares Australian Dollar Trust) is an index US Equity ETF by Invesco. With a 0.40% MER, it provides diversified exposure. Monthly distribution with a 1.04% yield.
FXA by Invesco is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.40% MER, its fees are in line with category averages.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).