CurrencyShares Australian Dollar Trust (the Trust) is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the shares to reflect the price of Australian Dollars plus accrued interest, less the expenses of the Trust’s operations. The Shares are focused on offering investors an opportunity to participate in the market for the Australian Dollar through an investment in securities. The shares are focused on providing institutional and retail investors with a means of gaining investment benefits similar to those of holding the Australian Dollar. The Shares are bought and sold on New York Stock Exchange (NYSE) Arca. The sponsor of the Trust is Rydex Specialized Products LLC, doing business as Rydex Investments. The Bank of New York Mellon serves as the trustee of the Trust.

The Trust’s assets primarily consist of Australian Dollars on demand deposit in two deposit accounts maintained by the Depository: a primary deposit account, which earns interest and a secondary deposit account, which does not earn interest. The secondary deposit account is used to account for interest received and paid out on creations and redemptions of Baskets. JPMorgan Chase Bank, N.A., is the Depository.