Invesco DB US Dollar Index Trust updates board

Invesco DB US Dollar Index Trust and the Invesco DB US Dollar Index Bullish Fund report a governance change at their Managing Owner, Invesco Capital Management LLC.

Rhea-AI Filing Summary

Invesco DB US Dollar Index Trust and the Invesco DB US Dollar Index Bullish Fund report a governance change at their Managing Owner, Invesco Capital Management LLC. Jordan Krugman has resigned from all positions, effective as of the close of business on August 3, 2026. The Board has appointed Matthew Casaccia to the Board of Managers, effective at the same time, and all references to Mr. Krugman are replaced by Mr. Casaccia in the prospectus.

The supplement provides Mr. Casaccia’s biography, noting his role as Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd and 17 years of experience with the firm. It reiterates that shares of the Invesco DB US Dollar Index Bullish Fund trade on NYSE Arca under the symbol UUP and that the fund is not an investment company under the Investment Company Act of 1940. Regulatory notices state that neither the SEC nor the Commodity Futures Trading Commission has approved or disapproved these securities or the disclosure document.

Filing Explained

The supplement states that Matthew Casaccia’s application as a principal of the Managing Owner is being prepared for submission, while his appointment to the Board of Managers takes effect at the close of business on August 3, 2026.

Key Figures

Effective date of resignation and appointment: August 3, 2026 Age of Matthew Casaccia: 43 Tenure at Invesco Ltd: 17 years +3 more

6 metrics

Effective date of resignation and appointment August 3, 2026 Date when Jordan Krugman’s resignation and Matthew Casaccia’s appointment take effect

Age of Matthew Casaccia 43 Age given in the biography of the new Board of Managers member

Tenure at Invesco Ltd 17 years Time Matthew Casaccia has spent with Invesco Ltd in finance, distribution and transfer agency

Role start date – Wealth Management Intermediaries FP&A May 2019 Start date of Casaccia’s Senior Manager role in Financial Planning and Analysis for Wealth Management Intermediaries

Role start date – FP&A for Investments December 2023 Start date of Casaccia’s Senior Director role for Financial Planning and Analysis for Investments

Role start date – FP&A for Global Product March 2025 Start date of Casaccia’s Senior Director role for Global Product

Key Terms

Prospectus Supplement, Managing Owner, Investment Company Act of 1940, Commodity Futures Trading Commission, +1 more

5 terms

Prospectus Supplement regulatory

"This Prospectus Supplement No. 1 (“Supplement No. 1”) supplements and amends the Prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Managing Owner financial

"Invesco Capital Management LLC (the “Managing Owner”) and its affiliates"

Investment Company Act of 1940 regulatory

"not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

Commodity Futures Trading Commission regulatory

"THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS"

A U.S. federal agency that oversees trading in futures, options and swap contracts—agreements to buy or sell assets at a later date. It writes and enforces rules, monitors markets for fraud and manipulation, and requires reporting so prices reflect real supply and demand. Think of it as a referee and rulebook keeper for complex financial markets: its oversight helps investors trust market prices and reduces the risk of abrupt disruptions.

principal of the Managing Owner financial

"Mr. Casaccia’s application as a principal of the Managing Owner is being prepared"

FAQ

What board change does Invesco DB US Dollar Index Bullish Fund (UUP) disclose?

The fund discloses that Jordan Krugman resigned from all positions at the Managing Owner effective August 3, 2026, and Matthew Casaccia was appointed to the Board of Managers effective at the same time.

Who is Matthew Casaccia in relation to Invesco DB US Dollar Index Bullish Fund (UUP)?

Matthew Casaccia, age 43, is Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd and now serves on the Board of Managers of the Managing Owner.

When is the management change effective for the Managing Owner of UUP?

The changes are effective as of the close of business on August 3, 2026, when Jordan Krugman’s resignation takes effect and Matthew Casaccia’s appointment to the Board of Managers becomes effective.

Is the Invesco DB US Dollar Index Bullish Fund (UUP) an investment company under the 1940 Act?

No. The supplement states the fund is not a mutual fund or any other type of investment company under the Investment Company Act of 1940 and is not subject to regulation under that statute.

What exchange lists shares of the Invesco DB US Dollar Index Bullish Fund (UUP)?

Shares of the Invesco DB US Dollar Index Bullish Fund are listed on NYSE Arca, Inc. under the trading symbol “UUP”, providing exchange-based access to the fund’s shares.

Have regulators approved the securities of the Invesco DB US Dollar Index Bullish Fund (UUP)?

The supplement states that neither the SEC nor any state commission has approved or disapproved these securities, and the CFTC has not passed on the merits of participating in these pools.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 07:10 PM Accepted by SEC EDGAR 08/03/2026 - 05:02 PM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

Registration Nos. 333-280608

333-280608-01

PROSPECTUS SUPPLEMENT NO. 1

(to Prospectus dated August 26, 2025)

INVESCO DB US DOLLAR INDEX TRUST

INVESCO DB US DOLLAR INDEX BULLISH FUND

This Prospectus Supplement No. 1 (“Supplement No. 1”) supplements and amends the Prospectus dated August 26, 2025 (the “Prospectus”).

On June 4, 2026, Mr. Jordan Krugman gave notice to the Invesco DB US Dollar Index Trust and Invesco DB US Dollar Index Bullish Fund that he is resigning from all positions at Invesco Capital Management LLC (the “Managing Owner”) and its affiliates, including his position as a member of the Board of Managers (the “Board”) of the Managing Owner, effective as of the close of business on August 3, 2026 (the “Effective Date”). On July 31, 2026, the Board appointed Mr. Matthew Casaccia to serve as a member of the Board of the Managing Owner, effective as of the close of business on the Effective Date.

Accordingly, as of the close of business on the Effective Date, all references to Mr. Krugman are deleted and replaced by Mr. Casaccia. In addition, the following biography for Mr. Casaccia replaces Mr. Krugman’s biography on page 61 of the Prospectus:

Matthew Casaccia (43) is Senior Director of Financial Planning and Analysis for Investments (since December 2023) and Global Product (since March 2025) with Invesco Ltd, a global investment management company affiliated with the Managing Owner. In this capacity, Mr. Casaccia is responsible for general management support, in addition to executing on various strategic initiatives and overseeing the financial framework for these business units. He also has served as a member of the Board of Managers of the Managing Owner since August 2026. Prior to these roles, Mr. Casaccia served as Senior Manager, Financial Planning and Analysis for Wealth Management Intermediaries, which is the distribution organization with Invesco Ltd, since May 2019. Overall, he has spent the last 17 years with Invesco Ltd with experience in finance, distribution and the North American transfer agency. Mr. Casaccia holds a BS in Business Administration from Stephen F. Austin State University. Mr. Casaccia’s application as a principal of the Managing Owner is being prepared for submission.

Supplement No. 1 should be read together with the Prospectus.

Shares of the Invesco DB US Dollar Index Bullish Fund are listed on NYSE Arca, Inc. under the symbol “UUP”.

Investing in the Shares involves significant risks. See “RISK FACTORS” starting on page 13 of the Prospectus.

These securities have not been approved or disapproved by the Securities and Exchange Commission or any state securities commission nor has the Securities and Exchange Commission passed upon the adequacy or accuracy of the Prospectus or this Prospectus Supplement No. 1. Any representation to the contrary is a criminal offense.

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THESE POOLS NOR HAS THE COMMISSION PASSED ON THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE DOCUMENT.

The date of this Prospectus Supplement No. 1 is August 3, 2026.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

P-DBUUP-PRO-1-SUP-1 080326