Invesco DB US Dollar Index Bullish Fund (NYSE Arca:UUP) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, disclosing total shareholders' equity of $437,245,639 and net income of $17,563,380 for the nine months ended September 30, 2026.

Key Highlights

  • Shares outstanding rose sharply: Units outstanding grew from 8,500,000 at December 31, 2025, to 15,200,000 at September 30, 2026, according to the filing.
  • Net asset value per share: The fund reported a net asset value per share of $28.77 at September 30, 2026, compared with $27.07 at December 31, 2025.
  • Total assets: Total assets were $437,440,249 at September 30, 2026, up from $230,211,749 at December 31, 2025.
  • Nine-month net income: The fund reported net income of $17,563,380 for the nine months ended September 30, 2026, versus a net loss of $24,461,554 for the same period in 2025.
  • Affiliated investment yield: The Invesco Government and Agency Portfolio, Institutional Class, showed a 7-day SEC standardized yield of 3.81% as of September 30, 2026.
  • Open futures position: The fund held 4,320 long ICE U.S. Dollar Index futures contracts expiring December 2026, with a notional value of $437,145,120 and unrealized appreciation of $9,291,221.

Invesco DB US Dollar Index Bullish Fund: Financial Position and Results for Q3 2026

According to the filing, the fund's total assets increased to $437,440,249 at September 30, 2026, from $230,211,749 at December 31, 2025. The increase was driven primarily by growth in affiliated investments, which the fund reported at a value and cost of $426,631,846, representing 97.57% of shareholders' equity. These assets are held in the Invesco Government and Agency Portfolio, Institutional Class, a money market mutual fund affiliated with Invesco Ltd. Total liabilities were $194,610, consisting entirely of accrued management fees, leaving total shareholders' equity at $437,245,639.

The fund reported net investment income of $7,857,898 for the nine months ended September 30, 2026, compared with $7,745,509 for the same period in 2025. Total income for the nine months reached $9,722,160, including dividends from affiliates of $9,490,422 and interest income of $231,738. Net expenses for the nine-month period were $1,864,262, after waivers of $260,025. For the three months ended September 30, 2026, the fund recorded net income of $4,599,904, compared with $4,186,995 for the three months ended September 30, 2025.

The fund's open futures position consisted of 4,320 long ICE U.S. Dollar Index futures contracts with a December 2026 expiration date and a notional value of $437,145,120. The filing reported unrealized appreciation on these contracts of $9,291,221 at September 30, 2026, compared with unrealized depreciation of $751,465 on 2,346 contracts at December 31, 2025. During the nine months ended September 30, 2026, net realized loss on currency futures contracts was $337,204, while net change in unrealized gain on currency futures contracts was $10,042,686. The market value per share was reported as $28.78 at September 30, 2026.

What Was Disclosed

Invesco DB US Dollar Index Bullish Fund filed its quarterly report covering the period ended September 30, 2026, disclosing a significant increase in total assets, shares outstanding, and net asset value per share relative to December 31, 2025, alongside a swing from a net loss to net income year over year for the nine-month period.