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Invesco DB US Dollar Index Bearish Fund (IVZ-1.54%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing an increase in the net asset value per share from $17.90 to $18.92. The increase is attributed to rising currency futures contracts prices for short DX Contracts during the period.
The fund reported a net income of $2,997,802 for the quarter, primarily resulting from $724,569 of income, net realized gain of $1,532,903, and net change in unrealized gain of $842,481.
Management fees for the quarter were $103,918, and brokerage commissions and fees were $2,800. Total expenses, after waivers, amounted to $102,151.
The fund's net cash flow provided by operating activities was $3,224,076, primarily due to net income and net purchases and sales of money market mutual funds and United States Treasury Obligations.
Cash used in financing activities was $(3,224,076), which included $13,017,910 from shares purchased by Authorized Participants and $16,241,986 from shares redeemed by Authorized Participants.
The fund holds short positions in certain futures contracts with a view to tracking changes in the Deutsche Bank (DB-0.32%) Short USD Currency Portfolio Index–Excess Return over time.
The filing also details the fund's exposure to market risk, primarily influenced by changes in currency prices, and credit risk related to the failure of the Commodity Broker or clearing house to perform according to the terms of a futures contract.
Invesco Capital Management LLC serves as the managing owner, commodity pool operator, and commodity trading advisor of the fund. The fund pays the managing owner a management fee of 0.75% per annum of the daily NAV.
The fund did not declare any distributions for the three and nine months ended September 30, 2024, and 2023.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco DB US Dollar Index Bearish Fund -1x Shares quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.