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Invesco DB US Dollar Index Bullish Fund (IVZ-0.89%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a decrease in the net asset value per share from $29.14 to $28.18. The decrease is attributed to a fall in currency futures contract prices for long DX Contracts.
The fund reported total income of $4.6 million for the quarter, with net realized losses of $10.0 million and net change in unrealized losses of $5.4 million, resulting in a net loss of $11.4 million.
Operating expenses for the quarter amounted to $0.7 million, with management fees constituting the majority of the expenses.
The fund's net cash flow from operating activities was $102.6 million, primarily due to the net purchases and sales of United States Treasury Obligations and affiliated investments.
Net cash flow used in financing activities was $103.7 million, with $658.0 million from shares purchased by Authorized Participants and $761.7 million from shares redeemed.
The fund's market value per share decreased from $29.14 to $28.18, with a total return of -3.29% on a market value basis for the quarter.
The fund's exposure to market risk is primarily influenced by changes in currency prices, and it employs currency futures contracts to track the Deutsche Bank (DB-0.43%) Long USD Currency Portfolio Index–Excess Return.
The fund holds United States Treasury Obligations, money market mutual funds, and T-Bill ETFs for margin and cash management purposes, with a significant portion held as collateral with the Commodity Broker.
The fund's financial statements are prepared in accordance with U.S. GAAP, and there were no material changes in the fund's risk factors as previously disclosed in the annual report for the year ended December 31, 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 Bullish Fund quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.