Updated:
Invesco DB US Dollar Index Bullish Fund
Invesco DB US Dollar Index Bullish Fund tracks the Deutsche Bank Long USD Index, offering leveraged long-dollar exposure via futures.
Invesco DB US Dollar Index Bullish Fund
Invesco DB US Dollar Index Bullish Fund is a commodity pool managed by Invesco Capital Management LLC, launched in 2007. It tracks the Deutsche Bank Long USD Index, which measures the performance of the US dollar against a basket of six major currencies: euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The fund gains long exposure to the US dollar through futures contracts traded on exchanges like the Chicago Mercantile Exchange. It rebalances the underlying positions based on index weighting adjustments. As of 2026, the fund held $409 million in net assets, per public filings. It does not deploy capital across private asset classes. The fund is structured as a commodity pool under the Investment Company Act 1940, not a traditional hedge fund. It provides retail investors access to a leveraged currency strategy that typically requires higher minimums. It has not disclosed a team size or additional offices beyond Henderson, Nevada. A structural differentiator: the fund tracks an index that applies a convexity adjustment to the base US dollar index, aiming to smooth returns. It is designed for directional bets on the dollar, not for hedging or long-term capital preservation. Its mandate is narrow and rules-based, with no active management discretion.
General information
Firm type
Other
Year founded
2007
AUM
$409 million (per public record, 2026)
Location
Region
North America
Country
United States
City
Henderson
Corporate office
Henderson, NV, United States
Principals
Invesco Capital Management LLC
Investment Adviser
Sector focus
Frequently asked questions
Who manages the Invesco DB US Dollar Index Bullish Fund?
The fund is managed by Invesco Capital Management LLC, an affiliate of the broader Invesco Ltd. asset management group. The investment adviser oversees the fund's portfolio execution and rebalancing based on the underlying index.
How does the fund gain exposure to the US dollar?
The fund invests in exchange-traded futures contracts on major currencies, including euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc. It rebalances positions in line with the Deutsche Bank Long USD Index methodology, which weights currencies by their liquidity and trade importance.
What is the fund's AUM?
As of 2026, the fund reported net assets of approximately $409 million, per public filings. The fund's assets have fluctuated over time based on market conditions and investor flows.
Is this fund considered a hedge fund?
No. It is structured as a commodity pool under the Investment Company Act of 1940, which means it is regulated as a mutual fund-like vehicle for retail investors. It does not employ typical hedge fund features like lock-ups or performance fees.
What currencies does the fund track in its basket?
The Deutsche Bank Long USD Index tracks the US dollar against six currencies: euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The index weights are adjusted monthly based on liquidity and trade volumes.
Has the fund changed its strategy since launch?
No major strategy shift has been publicly documented. The fund continues to track the same index using the same methodology established at launch in 2007.
What makes this fund structurally different from other currency ETFs?
The fund applies a convexity adjustment to the base US dollar index, which aims to reduce the impact of contango and backwardation in futures markets. This is a structural feature not present in many plain-vanilla currency ETFs.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: