Invesco DB Dollar Index Bearish Fund Files 10-Q
Ticker: UDN · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 1383149
| Field | Detail |
|---|---|
| Company | Invesco Db US Dollar Index Bearish Fund (UDN) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, currency, ETF, US Dollar
Related Tickers: UUP, FXE, CYB
TL;DR
**UDN 10-Q filed. Shows fund performance for Q2 2024. Dollar bears take note.**
AI Summary
Invesco DB US Dollar Index Bearish Fund (ticker: UDN) filed its 10-Q for the period ending June 30, 2024. The filing details the fund's financial performance and operations. The fund aims to track the performance of the Deutsche Bank Long USD Currency Index, which is designed to reflect the performance of the U.S. dollar against a basket of other major currencies.
Why It Matters
This filing provides investors with an update on the financial health and operational status of the Invesco DB US Dollar Index Bearish Fund, which is relevant for those tracking or invested in U.S. dollar currency exposure.
Risk Assessment
Risk Level: medium — Currency funds carry inherent risks related to market volatility and the unpredictable movements of exchange rates.
Key Numbers
- Q2 2024 — Reporting Period (The financial performance detailed in this 10-Q covers the second quarter of 2024.)
- 2024-06-30 — End of Fiscal Period (The financial statements reflect the fund's position as of this date.)
Key Players & Entities
- INVESCO DB US DOLLAR INDEX BEARISH FUND (company) — Filer of the 10-Q
- Invesco DB US Dollar Index Trust (company) — Related entity
- 0000950170-24-092092 (other) — Accession Number for the filing
- 20240630 (date) — Period of report
- 20240807 (date) — Filing date
FAQ
What is the primary investment objective of the Invesco DB US Dollar Index Bearish Fund?
The fund aims to track the performance of the Deutsche Bank Long USD Currency Index, which is designed to reflect the performance of the U.S. dollar against a basket of other major currencies.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2024.
What is the ticker symbol for the Invesco DB US Dollar Index Bearish Fund?
The ticker symbol is UDN.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on August 7, 2024.
What is the former name of the Invesco DB US Dollar Index Bearish Fund?
The former name was PowerShares DB US Dollar Index Bearish Fund, with a name change date of December 8, 2006.
Filing Stats: 4,427 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-08-06 18:24:24
Filing Documents
- udn-20240630.htm (10-Q) — 1465KB
- udn-ex31_1.htm (EX-31.1) — 15KB
- udn-ex31_2.htm (EX-31.2) — 14KB
- udn-ex31_3.htm (EX-31.3) — 15KB
- udn-ex31_4.htm (EX-31.4) — 14KB
- udn-ex32_1.htm (EX-32.1) — 9KB
- udn-ex32_2.htm (EX-32.2) — 9KB
- udn-ex32_3.htm (EX-32.3) — 9KB
- udn-ex32_4.htm (EX-32.4) — 9KB
- img42475057_0.jpg (GRAPHIC) — 180KB
- img42475057_1.jpg (GRAPHIC) — 183KB
- img42475057_2.jpg (GRAPHIC) — 170KB
- img42475057_3.jpg (GRAPHIC) — 173KB
- 0000950170-24-092092.txt ( ) — 7017KB
- udn-20240630.xsd (EX-101.SCH) — 607KB
- udn-20240630_htm.xml (XML) — 1002KB
Financial Statements
Financial Statements 1 Notes to Unaudited Financial Statements 10 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 ITEM 4.
Controls and Procedures
Controls and Procedures 32 PART II. OTHER INFORMATION 33 Item 1.
Legal Proceedings
Legal Proceedings 33 Item 1A.
Risk Factors
Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults Upon Senior Securities 33 Item 4. Mine Safety Disclosures 33 Item 5. Other Information 33 Item 6. Exhibits 34
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS. Invesco DB US Dollar Index Bearish Fund June 30, 2024 and December 31, 2023 (Unaudited) June 30, December 31, 2024 2023 Assets United States Treasury Obligations, at value (cost $ 29,507,674 and $ 29,495,276 , respectively) $ 29,510,756 $ 29,517,982 Affiliated investments, at value and cost 23,203,730 35,846,173 Other investments: Variation margin receivable - Currency Futures Contracts 13,078 — Receivable for: Dividends from affiliates 109,335 160,805 Total assets $ 52,836,899 $ 65,524,960 Liabilities Other investments: Variation margin payable - Currency Futures Contracts $ — $ 73,312 Payable for: Management fees 31,917 38,132 Brokerage commissions and fees 4,999 5,001 Total liabilities $ 36,916 $ 116,445 Commitments and Contingencies (Note 10) Equity Shareholder's equity—General Shares 716 737 Shareholders' equity—Shares 52,799,267 65,407,778 Total shareholders' equity 52,799,983 65,408,515 Total liabilities and equity $ 52,836,899 $ 65,524,960 General Shares outstanding 40 40 Shares outstanding 2,950,000 3,550,000 Net asset value per share $ 17.90 $ 18.42 Market value per share $ 17.90 $ 18.43 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco DB US Dollar Index Bearish Fund Schedule of Investments June 30, 2024 (Unaudited) Description Percentage of Shareholders' Equity Value Principal Value United States Treasury Obligations (a) U.S. Treasury Bills, 5.250 % due September 5, 2024 9.38 % $ 4,952,273 $ 5,000,000 U.S. Treasury Bills, 5.240 % due October 3, 2024 18.68 9,865,005 10,000,000 U.S. Treasury Bills, 5.165 % due November 14, 2024 (b) 18.57 9,805,341 10,000,000 U.S. Treasury Bills, 5.155 % due December 5, 2024