Here are the 10-Q quarterly reports from Invesco DB US Dollar Index Bullish Fund (UUP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UUP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UUP filings page.
Invesco DB US Dollar Index Bullish Fund (UUP) reported a 6.28% NAV total return for the nine months ended September 30, 2026, compared with a 6.53% decline in the same 2025 period; its market-value total return was 6.43%. Net income was $17.6 million, versus a $24.5 million net loss in the nine months ended September 30, 2025. The Deutsche Bank Long USD Currency Portfolio Index–Excess rose 4.01% in the 2026 period.
The Fund seeks to track the Index through long currency-futures positions and holds affiliated money-market investments for cash management. As of September 30, 2026, it had 15,200,000 shares outstanding and a NAV of $28.77 per share. One-day VaR was $2,786,969 at a 99% confidence level and was exceeded 46 times during the nine-month period. Actual losses can exceed the indicated VaR.
Invesco DB US Dollar Index Bullish Fund seeks to track the Deutsche Bank Long USD Currency Portfolio Index–Excess by holding long ICE U.S. Dollar Index futures and investing collateral primarily in an affiliated Invesco Government & Agency money market fund.
For the six months ended June 30, 2026, the Fund generated net income of $12.96 million, compared with a $28.65 million loss a year earlier, driven by a $7.98 million net realized and unrealized gain on currency futures and $4.98 million of net investment income. Net asset value per share rose to $28.41 from $27.07 at December 31, 2025, producing a 4.95% total return at NAV (5.07% at market), versus an 8.63% decline in the prior-year period.
Total shareholders’ equity increased to $446.1 million on 15.7 million shares outstanding after net creations of 7.2 million shares and $203.0 million in capital inflows. At quarter‑end, the Fund held 4,418 ICE U.S. Dollar Index futures contracts with notional value of $446.0 million and unrealized appreciation of $5.24 million; 97.88% of equity was invested in the affiliated money market fund. The annualized expense ratio after waivers was 0.69%, with the managing owner waiving $166,400 of indirect fees year‑to‑date.
Invesco DB US Dollar Index Bullish Fund reports higher net asset value and assets for the quarter ended March 31, 2026. Net assets rose to $572.8 million from $230.1 million, driven mainly by net creations of 12.1 million Shares.
NAV per Share increased from $27.07 to $27.81, while market price moved from $27.04 to $27.79, producing total returns of 2.73% at NAV and 2.77% at market value. The Fund earned net income of $8.7 million, combining $2.6 million of interest and dividend income with $6.6 million of realized and unrealized gains on currency futures, partially offset by $0.5 million of net expenses.
The portfolio held $562.7 million in an affiliated Invesco Government & Agency money market fund and a long position in 5,739 ICE U.S. Dollar Index futures with notional value of $572.5 million and unrealized appreciation of $3.0 million. The Fund continued to track the Deutsche Bank Long USD Currency Portfolio Index–Excess, with the related total return index up 2.92% over the quarter.
Invesco DB US Dollar Index Bullish Fund (UUP) filed its quarterly report for the period ended September 30, 2025. Shares outstanding were 5,600,000, and net asset value per share was $27.50, with market value at $27.51. Total assets were $154.1 million, down from $429.8 million at December 31, 2024, reflecting significant net redemptions during the period.
For Q3 2025, the fund recorded net income of $4.19 million, driven by $1.63 million of net investment income and a $2.56 million net gain on derivatives and related investments. For the nine months, the fund reported a net loss of $24.46 million, largely due to realized and unrealized losses of $32.21 million on currency futures. At quarter‑end, holdings consisted primarily of affiliated money market funds valued at $144.96 million and long ICE U.S. Dollar Index futures (1,580 December 2025 contracts) with $153.97 million notional and $261,850 unrealized appreciation. Year‑to‑date total return at NAV was (6.53)%, with a Q3 total return of 2.31%. Cash provided by operating activities was $251.9 million; financing activities used $252.5 million as creations of $510.2 million were outpaced by redemptions of $762.7 million.