Symbols

UDN

Invesco DB U.S. Dollar Index Bearish Fund·ARCA

--(--)

Key Stats

Assets Under Management

143.53MUSD

Fund Flow (1Y)

73.59MUSD

Dividend Yield

2.98%

Discount / Premium to NAV

Shares Outstanding

7.95M

Expense Ratio

0.68%

About Invesco DB U.S. Dollar Index Bearish Fund

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=investor&ticker=udn

Inception Date

Feb 20, 2007

Structure

Commodities Pool

Index Tracked

Deutsche Bank Short USD Currency Portfolio Index - Excess Return

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

No distributions

Income Tax Type

60/40

Max ST Capital Gains Rate

27.84%

Max LT Capital Gains Rate

27.84%

Primary Advisor

Invesco Capital Management LLC

Distributor

Invesco Distributors, Inc.

UDN is more of a bet against the dollar than a bet on any particular currency. It shorts USDX contracts, which means that it's shorting the US dollar and long six G10 currencies: the euro, Japanese yen, British pound, Swedish krona, Canadian dollar and Swiss franc. The USDX uses a fixed weighting scheme based on exchange rates in 1973 that heavily weights the euro. As a result, expect to see big moves in the fund in response to euro movements. Structured as a commodities pool, UDN distributes K-1s and is marked-to-market at year-end.