Invesco DB US Dollar Index Bearish Fund
UDN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Mar 1, 2007
- CIK
- 0001383149
- Website
- invesco.com
- Similar Companies
- Business
- Invesco DB US Dollar Index Bearish Fund (UDN) is an exchange-traded fund that seeks to track the performance, whether positive or negative, of the Deutsche Bank Short USD Currency Portfolio Index - Excess Return, plus the income from its holdings of US Treasury securities, money market funds, and T-Bill exchange-traded funds (ETFs), less the fund's expenses. The fund provides investors with a cost-effective and convenient means to monitor the value of the US dollar relative to a fixed basket of six major world currencies, comprising the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc (collectively, the Basket Currencies); it achieves this exposure through a rules-based strategy solely utilizing short US Dollar Index (USDX) futures contracts traded on the ICE Futures US exchange. Collateral for these futures positions primarily consists of short-term US government securities and related instruments, generating interest income that contributes to total returns. Launched on February 20, 2007, and listed on the NYSE Arca exchange, the fund is a series of the Invesco DB US Dollar Index Trust, a Delaware statutory trust managed by Invesco Capital Management LLC, with principal executive offices at 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515. It operates globally through its currency futures exposure, targeting investors seeking to hedge against US dollar appreciation, diversify portfolios amid low or negative correlation with US equities, or speculate on dollar depreciation; shares are issued and redeemed in creation units of 50,000 shares exclusively to authorized participants. The fund's total expense ratio stands at 0.78%, inclusive of a 0.75% management fee and estimated futures brokerage expenses of 0.02%, and it distributes income via annual dividends, including a recent annual distribution of $0.8904 per share declared in December 2024. Among recent developments, the fund declared its annual distribution of $0.8904 per share on December 23, 2024, reflecting ongoing income generation from collateral holdings amid fluctuating currency markets. Performance metrics as of September 30, 2025, show year-to-date net asset value returns of 12.37%, with assets under management around $148 million and holdings concentrated 100% in the December 2025 Dollar Index futures contract alongside Invesco Government & Agency collateral. No major acquisitions, partnerships, funding rounds, or structural reorganizations have been reported for the fund in the last 1-2 years; it continues to operate under its established strategy without significant shifts.