Invesco CurrencyShares Swedish Krona Trust (FXS) 10-KT 11 Mar 19 2018 FY Annual report (with FYE transition) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	2 Months Ended
	Dec. 31, 2018	Jan. 31, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Document Type	10-KT
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Trading Symbol	FXS
Entity Registrant Name	Invesco CurrencyShares Swedish Krona Trust
Entity Central Index Key	1,353,616
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		150,000
Entity Public Float			$ 15,816,000

Statements of Financial Conditi

Statements of Financial Condition - USD ($)	Dec. 31, 2018	Oct. 31, 2018	Oct. 31, 2017
Current Assets:
Swedish Krona deposits, interest bearing	$ 15,862,762	$ 15,430,433	$ 22,839,188
Swedish Krona deposits, non-interest bearing	0	0	0
Total Current Assets	15,862,762	15,430,433	22,839,188
Current Liabilities:
Accrued Sponsor's fee	5,385	5,239	7,754
Accrued interest expense on currency deposits	17,077	16,610	24,586
Total Current Liabilities	22,462	21,849	32,340
Commitments and Contingent Liabilities (note 9)
Redeemable Capital Shares, at redemption value, no par value, 7,500,000 authorized - 150,000, 150,000 and 200,000 issued and outstanding, respectively	15,840,300	15,408,584	22,806,848
Shareholders' Equity:
Retained Earnings	0	0	0
Total Liabilities, Redeemable Capital Shares and Shareholders' Equity	$ 15,862,762	$ 15,430,433	$ 22,839,188

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - $ / shares	Dec. 31, 2018	Oct. 31, 2018	Oct. 31, 2017
Statement of Financial Position [Abstract]
Redeemable Capital Shares, no par value	$ 0	$ 0	$ 0
Redeemable Capital Shares, shares authorized	7,500,000	7,500,000	7,500,000
Redeemable Capital Shares, shares issued	150,000	150,000	200,000
Redeemable Capital Shares, shares outstanding	150,000	150,000	200,000

Statements of Comprehensive Inc

Statements of Comprehensive Income - USD ($)	2 Months Ended			3 Months Ended																12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017	Oct. 31, 2018		Jul. 31, 2018		Apr. 30, 2018		Jan. 31, 2018		Oct. 31, 2017		Jul. 31, 2017		Apr. 30, 2017		Jan. 31, 2017		Oct. 31, 2018	Oct. 31, 2017
Income
Interest Income	$ 0		$ 0	$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0	$ 0
Total Income	0		0	0		0		0		0		0		0		0		0		0	0
Expenses
Sponsor's fee	(10,394)		(15,191)	(15,768)		(18,711)		(22,413)		(23,213)		(23,838)		(22,549)		(21,079)		(21,469)		(80,105)	(88,935)
Interest Expense on currency deposits	(32,955)		(48,168)	(49,996)		(59,517)		(71,062)		(73,602)		(75,585)		(71,499)		(66,835)		(68,071)		(254,177)	(281,990)
Total Expenses	(43,349)		(63,359)	(65,764)		(78,228)		(93,475)		(96,815)		(99,423)		(94,048)		(87,914)		(89,540)		(334,282)	(370,925)
Net Comprehensive Loss	$ (43,349)		$ (63,359)	$ (65,764)		$ (78,228)		$ (93,475)		$ (96,815)		$ (99,423)		$ (94,048)		$ (87,914)		$ (89,540)		$ (334,282)	$ (370,925)
Basic and Diluted Earnings per Share	$ (0.29)	[1]	$ (0.32)	$ (0.44)	[1]	$ (0.45)	[1]	$ (0.47)	[1]	$ (0.48)	[1]	$ (0.50)	[1]	$ (0.47)	[1]	$ (0.44)	[1]	$ (0.45)	[1]	$ (1.85)	$ (1.85)
Weighted-average Shares Outstanding	150,000		200,000	150,000		172,283		200,000		200,000		200,000		200,000		200,000		200,000		180,411	200,000
[1]	The amount shown for a Share outstanding for quarterly statements may not correlate with year to date amounts due to timing of subscriptions and redemptions in relation to income earned or distributed.

Statements of Changes in Shareh

Statements of Changes in Shareholders' Equity - USD ($)	Total	Retained Earnings [Member]
Beginning of Period at Oct. 31, 2016		$ 0
Net Comprehensive Loss	$ (370,925)	(370,925)
Adjustment of redeemable capital Shares to redemption value		370,925
End of Period at Oct. 31, 2017		0
Net Comprehensive Loss	(63,359)	(63,359)
Adjustment of redeemable capital Shares to redemption value		63,359
End of Period at Dec. 31, 2017		0
Beginning of Period at Oct. 31, 2017		0
Net Comprehensive Loss	(334,282)	(334,282)
Adjustment of redeemable capital Shares to redemption value		334,282
End of Period at Oct. 31, 2018		0
Net Comprehensive Loss	$ (43,349)	(43,349)
Adjustment of redeemable capital Shares to redemption value		43,349
End of Period at Dec. 31, 2018		$ 0

Statements of Cash Flows

Statements of Cash Flows	2 Months Ended	12 Months Ended
	Dec. 31, 2018USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2017USD ($)
Cash flows from operating activities
Cash received for accrued income
Cash paid for expenses	(43,409)	(340,549)	(370,758)
Net cash used in operating activities	(43,409)	(340,549)	(370,758)
Cash flows from financing activities
Cash paid to redeem redeemable Shares		(5,499,118)
Net cash used in financing activities		(5,499,118)
Adjustment to period cash flows due to currency movement	475,738	(1,569,088)	1,659,017
Increase/(Decrease) in cash	432,329	(7,408,755)	1,288,259
Cash at beginning of period/year	15,430,433	22,839,188	21,550,929
Cash at end of period/year	15,862,762	15,430,433	22,839,188
Reconciliation of net comprehensive loss to net cash used in operating activities
Net Comprehensive Loss	(43,349)	(334,282)	(370,925)
Adjustments to reconcile net comprehensive loss to net cash used in operating activities:
Effect of exchange rate on cash	(673)	4,224	(1,676)
Accrued Sponsor's fee	5,385	5,239	7,754
Accrued interest expense on currency deposits	17,077	16,610	24,586
Prior period accrued Sponsor's fee	(5,239)	(7,754)	(7,297)
Prior period accrued interest expense on currency deposits	(16,610)	(24,586)	(23,200)
Net cash used in operating activities	$ (43,409)	$ (340,549)	$ (370,758)

Background

Background	2 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Background	1. Background On September 28, 2017, Guggenheim Capital, LLC (“Guggenheim”) and Invesco Ltd. entered into a Transaction Agreement (the “Transaction Agreement”), pursuant to which Guggenheim agreed to transfer all of the membership interests of Guggenheim Specialized Products, LLC (the “Sponsor”) to Invesco Capital Management LLC (“Invesco Capital Management”). The Transaction Agreement was consummated on April 6, 2018 (the “Closing”) and immediately following the Closing, Invesco Capital Management changed the name of the Sponsor to Invesco Specialized Products, LLC. On January 9, 2019, the Sponsor changed the Trust’s fiscal year from the period beginning on November 1 and ending on October 31 to the period beginning on January 1 and ending on December 31. Unless otherwise noted, all references to “years” in this report refer to the twelve-month fiscal year, which prior to November 1, 2018 ended on October 31 and beginning after December 31, 2018 ends on December 31 of each year.

Organization and Description of

Organization and Description of the Trust	2 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of the Trust	2. Organization and Description of the Trust The Invesco CurrencyShares ® day-to-day The investment objective of the Trust is for the Trust’s shares (the “Shares”) to reflect the price in U.S. Dollars (“USD”) of the Swedish Krona plus accrued interest, if any, less the Trust’s expenses and liabilities. The Shares are intended to provide investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Swedish Kronor. The Trust’s assets primarily consist of Swedish Kronor on demand deposit in two deposit accounts maintained by the Depository: a primary deposit account which may earn interest and a secondary deposit account which does not earn interest. The secondary deposit account is used to account for any interest that may be received and paid out on creations and redemptions of blocks of 50,000 Shares (“Baskets”). The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis. The accompanying audited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Significant Accounting Policies

Significant Accounting Policies	2 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	3. Significant Accounting Policies A. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements, the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance date of the financial statements. Actual results could differ from those estimates. B. Foreign Currency Translation For Net Asset Value (“NAV”) calculation purposes, Swedish Krona deposits (cash) are translated at the Closing Spot Rate, which is the Swedish Krona/USD exchange rate as determined and published by The WM Company at 4:00 PM (London time / London fixing) on each day that NYSE Arca, Inc. (“NYSE Arca”) is open for regular trading. The Trust maintains its books and records in Swedish Kronor. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Swedish Kronor to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. The redeemable capital Shares are adjusted to redemption value and these adjustments are recorded against retained earnings. C. Federal Income Taxes The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders. Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata pro-rata pro-rata The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent USD-equivalent The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Swedish Kronor. A non-U.S. non-U.S. non-U.S. A non-U.S. non-U.S. non-U.S. D. Revenue Recognition Interest on the primary deposit account, if any, accrues daily as earned and is received or paid on a monthly basis. Any interest below zero for the period is reflected as interest expense on currency deposits. The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs. Interest charged on the primary deposit account will be disclosed as interest expense on currency deposits. E. Dividends To the extent that the interest earned by the Trust, if any, exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Swedish Kronor effective on the first business day of the subsequent month. The Trustee will direct that the excess Swedish Kronor be converted into USD at the prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata

Swedish Krona Deposits

Swedish Krona Deposits	2 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Swedish Krona Deposits	4. Swedish Krona Deposits Swedish Krona principal deposits are held in a Swedish Krona-denominated, interest-bearing demand account. The interest rate in effect as of December 31, 2018 was an annual nominal rate of -1.25%. Net interest, if any, associated with creation and redemption activity is held in a Swedish Krona-denominated non-interest-bearing

Redeemable Capital Shares

Redeemable Capital Shares	2 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
Redeemable Capital Shares	5. Redeemable Capital Shares Shares are classified as “redeemable” for financial statement purposes, since they are subject to redemption. Shares are issued and redeemed continuously in Baskets in exchange for Swedish Kronor. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. Only Authorized Participants (as defined below) may place orders to create and redeem Baskets. An Authorized Participant is a Depository Trust Company (“DTC”) participant that is a registered broker-dealer or other institution eligible to settle securities transactions through the book-entry facilities of the DTC and which has entered into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process. Authorized Participants may redeem their Shares at any time in Baskets. Due to expected continuing creations and redemptions of Baskets and the two-day Activity in redeemable capital Shares is as follows: Two Months Ended December 31, 2018 Year Ended October 31, 2018 Year Ended October 31, 2017 Shares U.S. Dollar Amount Shares U.S. Dollar Amount Shares U.S. Dollar Amount Opening Balance 150,000 $ 15,408,584 200,000 $ 22,806,848 200,000 $ 21,520,432 Shares issued — — — — — — Shares redeemed — — (50,000 ) (5,499,118 ) — — Adjustment to period Shares due to currency movement — 431,716 — (1,899,146 ) — 1,286,416 Ending Balance 150,000 $ 15,840,300 150,000 $ 15,408,584 200,000 $ 22,806,848 The Trustee calculates the Trust’s NAV each business day. To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the Swedish Kronor held by the Trust (including all unpaid interest, if any, accrued through the preceding day) and calculates the value of the Swedish Kronor in USD based upon the Closing Spot Rate. If, on a particular evaluation day, the Closing Spot Rate has not been determined and announced by 6:00 PM (London time), then the most recent Closing Spot Rate will be used to determine the NAV of the Trust unless the Trustee, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for the valuation. If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Swedish Kronor, they will determine an alternative basis for the valuation. The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares. Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share; Shares deliverable under a redemption order are not considered outstanding for this purpose.

Selected Quarterly Information

Selected Quarterly Information (Unaudited)	2 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Information (Unaudited)	6. Selected Quarterly Information (Unaudited) Fiscal Periods Ended December 31, 2018 and October 31, 2018: Two months ended December 31, 2018 Three months October 31, 2018 Three months July 31, 2018 Three months April 30, 2018 Three months January 31, 2018 Income Interest Income $ — $ — $ — $ — $ — Total Income — — — — — Expenses Sponsor’s fee (10,394 ) (15,768 ) (18,711 ) (22,413 ) (23,213 ) Interest Expense on currency deposits (32,955 ) (49,996 ) (59,517 ) (71,062 ) (73,602 ) Total Expenses (43,349 ) (65,764 ) (78,228 ) (93,475 ) (96,815 ) Net Comprehensive Loss $ (43,349 ) $ (65,764 ) $ (78,228 ) $ (93,475 ) $ (96,815 ) Basic and Diluted Earnings per Share (1) $ (0.29 ) $ (0.44 ) $ (0.45) $ (0.47 ) $ (0.48 ) Weighted-average Shares Outstanding 150,000 150,000 172,283 200,000 200,000 Cash Dividends per Share (1) $ — $ — $ — $ — $ — (1)      Fiscal Period Ended October 31, 2017: Three months Three months Three months Three months Income Interest Income $ — $ — $ — $ — Total Income — — — — Expenses Sponsor’s fee (23,838 ) (22,549 ) (21,079 ) (21,469 ) Interest Expense on currency deposits (75,585 ) (71,499 ) (66,835 ) (68,071 ) Total Expenses (99,423 ) (94,048 ) (87,914 ) (89,540 ) Net Comprehensive Loss $ (99,423 ) $ (94,048 ) $ (87,914 ) $ (89,540 ) Basic and Diluted Earnings per Share (1) $ (0.50 ) $ (0.47 ) $ (0.44 ) $ (0.45) Weighted-average Shares Outstanding 200,000 200,000 200,000 200,000 Cash Dividends per Share (1) $ — $ — $ — $ — (1)

Related Parties

Related Parties	2 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Parties	7. Related Parties The Sponsor is a related party of the Trust. The Sponsor’s fee accrues daily at an annual nominal rate of 0.40% of the Swedish Kronor in the Trust (including all unpaid interest but excluding unpaid fees, each as accrued through the immediately preceding day) and is paid monthly. The Sponsor assumes and pays the following administrative and marketing expenses incurred by the Trust: the Trustee’s monthly fee, NYSE Arca listing fees, SEC registration fees, typical maintenance and transaction fees of the Depository, printing and mailing costs, audit fees and expenses, up to $100,000 per year in legal fees and expenses, and applicable license fees. In certain cases the Trust will pay for some expenses in addition to the Sponsor’s fee. These include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from a negative interest rate, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $100,000 per year.

Concentration Risk

Concentration Risk	2 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Concentration Risk	8. Concentration Risk All of the Trust’s assets are Swedish Kronor, which creates a concentration risk associated with fluctuations in the price of the Swedish Krona. Accordingly, a decline in the Swedish Krona to USD exchange rate will have an adverse effect on the value of the Shares. Factors that may have the effect of causing a decline in the price of the Swedish Krona include national debt levels and trade deficits, domestic and foreign inflation rates, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Substantial sales of Swedish Kronor by the official sector (central banks, other governmental agencies and related institutions that buy, sell and hold Swedish Kronor as part of their reserve assets) could adversely affect an investment in the Shares. All of the Trust’s Swedish Kronor are held by the Depository. Accordingly, a risk associated with the concentration of the Trust’s assets in accounts held by a single financial institution exists and increases the potential for loss by the Trust and the Trust’s beneficiaries in the event that the Depository becomes insolvent.

Commitments and Contingencies

Commitments and Contingencies	2 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Trust’s organizational documents provide for the Trust to indemnify the Sponsor and any affiliate of the Sponsor that provides services to the Trust to the maximum extent permitted by applicable law, subject to certain exceptions for disqualifying conduct by the Sponsor or such an affiliate. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. Further, the Trust has not had prior claims or losses pursuant to these contracts. Accordingly, the Sponsor expects the risk of loss to be remote.

Comparative Data for the two mo

Comparative Data for the two months ended December 31, 2017 (Unaudited)	2 Months Ended
	Dec. 31, 2018
Text Block [Abstract]
Comparative Data for the two months ended December 31, 2017 (Unaudited)	10. Comparative Data for the two months ended December 31, 2017 (Unaudited) Two Months December 31, Income Interest Income $ — Total Income — Expenses Sponsor’s fee (15,191 ) Interest Expense on currency deposits (48,168 ) Total Expenses (63,359 ) Net Comprehensive Loss $ (63,359 ) Basic and Diluted Earnings per Share $ (0.32 ) Weighted-average Shares Outstanding 200,000 Two Months Ended 2017 Retained Earnings, Beginning of Period $ — Net Comprehensive Loss (63,359 ) Adjustment of redeemable capital Shares to redemption value 63,359 Retained Earnings, End of Period $ — Two Months Ended December 31, 2017 Cash flows from operating activities Cash received for accrued income $ — Cash paid for expenses (63,448 ) Net cash used in operating activities (63,448 ) Adjustment to period cash flows due to currency movement 512,534 Increase in cash 449,086 Cash at beginning of period 22,839,188 Cash at end of period $ 23,288,274 Reconciliation of net comprehensive loss to net cash used in operating activities Net Comprehensive Loss $ (63,359 ) Adjustments to reconcile net comprehensive loss to net cash used in operating activities: Effect of exchange rate on cash (726 ) Accrued Sponsor’s fee 7,906 Accrued interest expense on currency deposits 25,071 Prior period accrued Sponsor’s fee (7,754 ) Prior period accrued interest expense on currency deposits (24,586 ) Net cash used in operating activities $ (63,448 )

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	2 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Use of Estimates	A. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements, the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance date of the financial statements. Actual results could differ from those estimates.
Foreign Currency Translation	B. Foreign Currency Translation For Net Asset Value (“NAV”) calculation purposes, Swedish Krona deposits (cash) are translated at the Closing Spot Rate, which is the Swedish Krona/USD exchange rate as determined and published by The WM Company at 4:00 PM (London time / London fixing) on each day that NYSE Arca, Inc. (“NYSE Arca”) is open for regular trading. The Trust maintains its books and records in Swedish Kronor. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Swedish Kronor to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. The redeemable capital Shares are adjusted to redemption value and these adjustments are recorded against retained earnings.
Federal Income Taxes	C. Federal Income Taxes The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders. Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata pro-rata pro-rata The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent USD-equivalent The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Swedish Kronor. A non-U.S. non-U.S. non-U.S. A non-U.S. non-U.S. non-U.S.
Revenue Recognition	D. Revenue Recognition Interest on the primary deposit account, if any, accrues daily as earned and is received or paid on a monthly basis. Any interest below zero for the period is reflected as interest expense on currency deposits. The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs. Interest charged on the primary deposit account will be disclosed as interest expense on currency deposits.
Dividends	E. Dividends To the extent that the interest earned by the Trust, if any, exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Swedish Kronor effective on the first business day of the subsequent month. The Trustee will direct that the excess Swedish Kronor be converted into USD at the prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata

Redeemable Capital Shares (Tabl

Redeemable Capital Shares (Tables)	2 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
Schedule for Redeemable Capital Shares Activity	Activity in redeemable capital Shares is as follows: Two Months Ended December 31, 2018 Year Ended October 31, 2018 Year Ended October 31, 2017 Shares U.S. Dollar Amount Shares U.S. Dollar Amount Shares U.S. Dollar Amount Opening Balance 150,000 $ 15,408,584 200,000 $ 22,806,848 200,000 $ 21,520,432 Shares issued — — — — — — Shares redeemed — — (50,000 ) (5,499,118 ) — — Adjustment to period Shares due to currency movement — 431,716 — (1,899,146 ) — 1,286,416 Ending Balance 150,000 $ 15,840,300 150,000 $ 15,408,584 200,000 $ 22,806,848

Selected Quarterly Informatio_2

Selected Quarterly Information (Unaudited) (Tables)	2 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Selected Quarterly Information	Fiscal Periods Ended December 31, 2018 and October 31, 2018: Two months ended December 31, 2018 Three months October 31, 2018 Three months July 31, 2018 Three months April 30, 2018 Three months January 31, 2018 Income Interest Income $ — $ — $ — $ — $ — Total Income — — — — — Expenses Sponsor’s fee (10,394 ) (15,768 ) (18,711 ) (22,413 ) (23,213 ) Interest Expense on currency deposits (32,955 ) (49,996 ) (59,517 ) (71,062 ) (73,602 ) Total Expenses (43,349 ) (65,764 ) (78,228 ) (93,475 ) (96,815 ) Net Comprehensive Loss $ (43,349 ) $ (65,764 ) $ (78,228 ) $ (93,475 ) $ (96,815 ) Basic and Diluted Earnings per Share (1) $ (0.29 ) $ (0.44 ) $ (0.45) $ (0.47 ) $ (0.48 ) Weighted-average Shares Outstanding 150,000 150,000 172,283 200,000 200,000 Cash Dividends per Share (1) $ — $ — $ — $ — $ — (1)      Fiscal Period Ended October 31, 2017: Three months Three months Three months Three months Income Interest Income $ — $ — $ — $ — Total Income — — — — Expenses Sponsor’s fee (23,838 ) (22,549 ) (21,079 ) (21,469 ) Interest Expense on currency deposits (75,585 ) (71,499 ) (66,835 ) (68,071 ) Total Expenses (99,423 ) (94,048 ) (87,914 ) (89,540 ) Net Comprehensive Loss $ (99,423 ) $ (94,048 ) $ (87,914 ) $ (89,540 ) Basic and Diluted Earnings per Share (1) $ (0.50 ) $ (0.47 ) $ (0.44 ) $ (0.45) Weighted-average Shares Outstanding 200,000 200,000 200,000 200,000 Cash Dividends per Share (1) $ — $ — $ — $ — (1)

Comparative Data for the two _2

Comparative Data for the two months ended December 31, 2017 (Unaudited) (Tables)	2 Months Ended
	Dec. 31, 2018
Text Block [Abstract]
Summary of Comparative Data for Financial Statements	10. Comparative Data for the two months ended December 31, 2017 (Unaudited) Two Months December 31, Income Interest Income $ — Total Income — Expenses Sponsor’s fee (15,191 ) Interest Expense on currency deposits (48,168 ) Total Expenses (63,359 ) Net Comprehensive Loss $ (63,359 ) Basic and Diluted Earnings per Share $ (0.32 ) Weighted-average Shares Outstanding 200,000 Two Months Ended 2017 Retained Earnings, Beginning of Period $ — Net Comprehensive Loss (63,359 ) Adjustment of redeemable capital Shares to redemption value 63,359 Retained Earnings, End of Period $ — Two Months Ended December 31, 2017 Cash flows from operating activities Cash received for accrued income $ — Cash paid for expenses (63,448 ) Net cash used in operating activities (63,448 ) Adjustment to period cash flows due to currency movement 512,534 Increase in cash 449,086 Cash at beginning of period 22,839,188 Cash at end of period $ 23,288,274 Reconciliation of net comprehensive loss to net cash used in operating activities Net Comprehensive Loss $ (63,359 ) Adjustments to reconcile net comprehensive loss to net cash used in operating activities: Effect of exchange rate on cash (726 ) Accrued Sponsor’s fee 7,906 Accrued interest expense on currency deposits 25,071 Prior period accrued Sponsor’s fee (7,754 ) Prior period accrued interest expense on currency deposits (24,586 ) Net cash used in operating activities $ (63,448 )

Organization and Description _2

Organization and Description of the Trust - Additional Information (Detail)	2 Months Ended
	Dec. 31, 2018SEK (kr)Depositoryshares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Initial deposits by sponsor, primary deposit account | kr	kr 1,000
Organization formation date	Jun. 8, 2006
Redemptions capital shares, number of shares in each block | shares	50,000
Number of deposits accounts in which trust's assets primarily consist of Swedish Krona | Depository	2

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail)	2 Months Ended
	Dec. 31, 2018USD ($)
Accounting Policies [Abstract]
Provision for federal income taxes	$ 0
Minimum days required to stay for tax liability	183 days

Swedish Krona Deposits - Additi

Swedish Krona Deposits - Additional Information (Detail)	2 Months Ended			12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2018SEK (kr)	Dec. 31, 2017USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2018SEK (kr)	Oct. 31, 2017USD ($)	Oct. 31, 2017SEK (kr)	Dec. 31, 2018SEK (kr)	Oct. 31, 2018SEK (kr)	Oct. 31, 2017SEK (kr)
Cash and Cash Equivalents [Abstract]
Principal deposits		kr 0			kr 0		kr 0
Principal redemptions		0		$ 5,499,118	47,249,522		0
Withdrawals (to pay expenses)	43,409	kr 392,664	$ 63,448	340,549	kr 2,926,064	370,758	kr 3,216,593
Deposits, interest bearing	$ 15,862,762			$ 15,430,433		$ 22,839,188		kr 140,636,867	kr 141,029,531	kr 191,205,117
Annual nominal rate	(1.25%)	(1.25%)

Redeemable Capital Shares - Add

Redeemable Capital Shares - Additional Information (Detail)	2 Months Ended
	Dec. 31, 2018
Temporary Equity Disclosure [Abstract]
Redeemable capital shares, settlement of each creation or redemption period	2 days

Redeemable Capital Shares - Sch

Redeemable Capital Shares - Schedule for Redeemable Capital Shares Activity (Detail) - USD ($)	2 Months Ended	12 Months Ended
	Dec. 31, 2018	Oct. 31, 2018	Oct. 31, 2017
Temporary Equity Disclosure [Abstract]
Opening Balance, Shares	150,000	200,000	200,000
Shares Issued, Shares	0	0	0
Shares Redeemed, Shares		(50,000)
Ending Balance, Shares	150,000	150,000	200,000
Opening Balance, Amount	$ 15,408,584	$ 22,806,848	$ 21,520,432
Shares Issued, Amount	0	0	0
Shares Redeemed, Amount		(5,499,118)
Adjustment to period Shares due to currency movement, Amount	431,716	(1,899,146)	1,286,416
Ending Balance, Amount	$ 15,840,300	$ 15,408,584	$ 22,806,848

Selected Quarterly Informatio_3

Selected Quarterly Information (Unaudited) - Schedule of Selected Quarterly Information (Detail) - USD ($)		2 Months Ended			3 Months Ended																12 Months Ended
		Dec. 31, 2018		Dec. 31, 2017	Oct. 31, 2018		Jul. 31, 2018		Apr. 30, 2018		Jan. 31, 2018		Oct. 31, 2017		Jul. 31, 2017		Apr. 30, 2017		Jan. 31, 2017		Oct. 31, 2018	Oct. 31, 2017
Income
Interest Income		$ 0		$ 0	$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0	$ 0
Total Income		0		0	0		0		0		0		0		0		0		0		0	0
Expenses
Sponsor's fee		(10,394)		(15,191)	(15,768)		(18,711)		(22,413)		(23,213)		(23,838)		(22,549)		(21,079)		(21,469)		(80,105)	(88,935)
Interest Expense on currency deposits		(32,955)		(48,168)	(49,996)		(59,517)		(71,062)		(73,602)		(75,585)		(71,499)		(66,835)		(68,071)		(254,177)	(281,990)
Total Expenses		(43,349)		(63,359)	(65,764)		(78,228)		(93,475)		(96,815)		(99,423)		(94,048)		(87,914)		(89,540)		(334,282)	(370,925)
Net Comprehensive Loss		$ (43,349)		$ (63,359)	$ (65,764)		$ (78,228)		$ (93,475)		$ (96,815)		$ (99,423)		$ (94,048)		$ (87,914)		$ (89,540)		$ (334,282)	$ (370,925)
Basic and Diluted Earnings per Share		$ (0.29)	[1]	$ (0.32)	$ (0.44)	[1]	$ (0.45)	[1]	$ (0.47)	[1]	$ (0.48)	[1]	$ (0.50)	[1]	$ (0.47)	[1]	$ (0.44)	[1]	$ (0.45)	[1]	$ (1.85)	$ (1.85)
Weighted-average Shares Outstanding		150,000		200,000	150,000		172,283		200,000		200,000		200,000		200,000		200,000		200,000		180,411	200,000
Cash Dividends per Share	[1]	$ 0			$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0
[1]	The amount shown for a Share outstanding for quarterly statements may not correlate with year to date amounts due to timing of subscriptions and redemptions in relation to income earned or distributed.

Related Party Agreements - Addi

Related Party Agreements - Additional Information (Detail) - Sponsor [Member]	2 Months Ended
	Dec. 31, 2018USD ($)
Accrued Professional Fees [Member]
Related Party Transaction [Line Items]
Sponsor's fee accrues daily and paid monthly, annual nominal Rate	0.40%
Professional Fees Liability [Member]
Related Party Transaction [Line Items]
Legal fees and expenses assumed	$ 100,000
Excess amount of assumed audit fees and legal expenses	$ 100,000

Comparative Data for Two Months

Comparative Data for Two Months Ended December 31, 2017 (Unaudited) - Comparative Data for Statements of Comprehensive Income (Detail) - USD ($)	2 Months Ended			3 Months Ended																12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017	Oct. 31, 2018		Jul. 31, 2018		Apr. 30, 2018		Jan. 31, 2018		Oct. 31, 2017		Jul. 31, 2017		Apr. 30, 2017		Jan. 31, 2017		Oct. 31, 2018	Oct. 31, 2017
Income
Interest Income	$ 0		$ 0	$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0		$ 0	$ 0
Total Income	0		0	0		0		0		0		0		0		0		0		0	0
Expenses
Sponsor's fee	(10,394)		(15,191)	(15,768)		(18,711)		(22,413)		(23,213)		(23,838)		(22,549)		(21,079)		(21,469)		(80,105)	(88,935)
Interest Expense on currency deposits	(32,955)		(48,168)	(49,996)		(59,517)		(71,062)		(73,602)		(75,585)		(71,499)		(66,835)		(68,071)		(254,177)	(281,990)
Total Expenses	(43,349)		(63,359)	(65,764)		(78,228)		(93,475)		(96,815)		(99,423)		(94,048)		(87,914)		(89,540)		(334,282)	(370,925)
Net Comprehensive Loss	$ (43,349)		$ (63,359)	$ (65,764)		$ (78,228)		$ (93,475)		$ (96,815)		$ (99,423)		$ (94,048)		$ (87,914)		$ (89,540)		$ (334,282)	$ (370,925)
Basic and Diluted Earnings per Share	$ (0.29)	[1]	$ (0.32)	$ (0.44)	[1]	$ (0.45)	[1]	$ (0.47)	[1]	$ (0.48)	[1]	$ (0.50)	[1]	$ (0.47)	[1]	$ (0.44)	[1]	$ (0.45)	[1]	$ (1.85)	$ (1.85)
Weighted-average Shares Outstanding	150,000		200,000	150,000		172,283		200,000		200,000		200,000		200,000		200,000		200,000		180,411	200,000
[1]	The amount shown for a Share outstanding for quarterly statements may not correlate with year to date amounts due to timing of subscriptions and redemptions in relation to income earned or distributed.

Comparative Data for Two Mont_2

Comparative Data for Two Months Ended December 31, 2017 (Unaudited) - Comparative Data for Statements of Changes in Shareholders' Equity (Detail) - USD ($)	2 Months Ended		3 Months Ended								12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2018	Oct. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net Comprehensive Loss	$ (43,349)	$ (63,359)	$ (65,764)	$ (78,228)	$ (93,475)	$ (96,815)	$ (99,423)	$ (94,048)	$ (87,914)	$ (89,540)	$ (334,282)	$ (370,925)
Retained Earnings [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning of Period	0	0				$ 0				$ 0	0	0
Net Comprehensive Loss	(43,349)	(63,359)									(334,282)	(370,925)
Adjustment of redeemable capital Shares to redemption value	43,349	63,359									334,282	370,925
End of Period	$ 0	$ 0	$ 0				$ 0				$ 0	$ 0

Comparative Data for Two Mont_3

Comparative Data for Two Months Ended December 31, 2017 (Unaudited) - Comparative Data for Statements of Cash Flows (Detail)	2 Months Ended			3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2018SEK (kr)	Dec. 31, 2017USD ($)	Oct. 31, 2018USD ($)	Jul. 31, 2018USD ($)	Apr. 30, 2018USD ($)	Jan. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Jan. 31, 2017USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2018SEK (kr)	Oct. 31, 2017USD ($)	Oct. 31, 2017SEK (kr)
Cash flows from operating activities
Cash received for accrued income			$ 0
Cash paid for expenses	(43,409)	kr (392,664)	(63,448)									(340,549)	kr (2,926,064)	(370,758)	kr (3,216,593)
Net cash used in operating activities	(43,409)		(63,448)									(340,549)		(370,758)
Adjustment to period cash flows due to currency movement	475,738		512,534									(1,569,088)		1,659,017
Increase/(Decrease) in cash	432,329		449,086									(7,408,755)		1,288,259
Cash at beginning of period/year	15,430,433		22,839,188				$ 22,839,188				$ 21,550,929	22,839,188		21,550,929
Cash at end of period/year	15,862,762		23,288,274	$ 15,430,433				$ 22,839,188				15,430,433		22,839,188
Reconciliation of net comprehensive loss to net cash used in operating activities
Net Comprehensive Loss	(43,349)		(63,359)	$ (65,764)	$ (78,228)	$ (93,475)	$ (96,815)	$ (99,423)	$ (94,048)	$ (87,914)	$ (89,540)	(334,282)		(370,925)
Adjustments to reconcile net comprehensive loss to net cash used in operating activities:
Effect of exchange rate on cash	(673)		(726)									4,224		(1,676)
Accrued Sponsor's fee	5,385		7,906									5,239		7,754
Accrued interest expense on currency deposits	17,077		25,071									16,610		24,586
Prior period accrued Sponsor's fee	(5,239)		(7,754)									(7,754)		(7,297)
Prior period accrued interest expense on currency deposits	(16,610)		(24,586)									(24,586)		(23,200)
Net cash used in operating activities	$ (43,409)		$ (63,448)									$ (340,549)		$ (370,758)