$UDN
INVESCO DB US DOLLAR INDEX BEARISH FUND

2019 Q1 Form 10-Q Financial Statement

#000156459019017412 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $196.9K $142.9K
YoY Change 37.75% 231.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $63.78K $78.73K
YoY Change -18.99% 16.77%
Operating Profit $134.3K $65.35K
YoY Change 105.5% -382.43%
Interest Expense $248.00 $71.00
YoY Change 249.3% 9.23%
% of Operating Profit 0.18% 0.11%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$515.0K $720.1K
YoY Change -171.51% 15.34%
Net Earnings / Revenue -261.55% 503.79%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.600M 1.800M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $41.17M
YoY Change 9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.13M $41.09M
YoY Change
Total Liabilities & Shareholders Equity
YoY Change

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$515.0K $720.1K
YoY Change -171.51% 15.34%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$3.915M -$169.3K
YoY Change 2212.16%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.276M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.915M
YoY Change
NET CHANGE
Cash From Operating Activities -3.915M -169.3K
Cash From Investing Activities
Cash From Financing Activities 3.915M
Net Change In Cash 0.000 -169.3K
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$3.915M -$169.3K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Dividends Receivable
DividendsReceivable
4596
CY2018Q4 us-gaap Dividends Receivable
DividendsReceivable
4533
CY2018Q4 udn Payable Due To Custodian
PayableDueToCustodian
360877
CY2019Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
196886
CY2018Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
720076
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
41091254
CY2018Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1353690
CY2018Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-3551
CY2019Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-531434
CY2019Q1 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
-530796
CY2018Q1 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
-698966
CY2018Q1 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
654724
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
720076
CY2019Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
3760711
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
40371178
CY2018Q1 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
1353690
CY2019Q1 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
27831661
CY2018Q1 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
36725110
CY2019Q1 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
24994492
CY2018Q1 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
35999703
CY2019Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
26774527
CY2018Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11463410
CY2019Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
26296950
CY2018Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
11186481
CY2019Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-184601
CY2018Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-135303
CY2019Q1 udn Unrealized Gain Loss On Marketable Securities And Affiliated Investments
UnrealizedGainLossOnMarketableSecuritiesAndAffiliatedInvestments
638
CY2018Q1 udn Unrealized Gain Loss On Marketable Securities And Affiliated Investments
UnrealizedGainLossOnMarketableSecuritiesAndAffiliatedInvestments
-3551
CY2019Q1 udn Increase Decrease In Variation Margin
IncreaseDecreaseInVariationMargin
-96958
CY2019Q1 us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
61706
CY2018Q1 us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
76088
CY2019Q1 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
1823
CY2019Q1 us-gaap Interest Expense
InterestExpense
248
CY2018Q1 us-gaap Interest Expense
InterestExpense
71
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
63777
CY2018Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
16
CY2018Q1 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
1153
CY2019Q1 udn Operating Expenses Net
OperatingExpensesNet
62588
CY2018Q1 udn Operating Expenses Net
OperatingExpensesNet
77579
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
134298
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
65352
CY2019Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-56
CY2019Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-118398
CY2019Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
638
CY2018Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-695415
CY2019Q1 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
-649250
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-514952
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8418328
CY2019Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
4142665
CY2019Q1 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
1189
CY2018Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
142931
CY2018Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1353674
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-118454
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
78732
CY2018Q1 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
2573
CY2018Q1 udn Increase Decrease In Variation Margin
IncreaseDecreaseInVariationMargin
-243477
CY2019Q1 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
63
CY2018Q1 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
559
CY2019Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
3199
CY2018Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1189
CY2019Q1 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
1
CY2018Q1 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
608
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3914786
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-169313
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8418328
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4142665
CY2019Q1 udn Increase Decrease In Payable For Amount Due To Custodian Net
IncreaseDecreaseInPayableForAmountDueToCustodianNet
-360877
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3914786
CY2018Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
-169313
CY2018Q4 us-gaap Cash
Cash
0
CY2017Q4 us-gaap Cash
Cash
169313
CY2019Q1 us-gaap Cash
Cash
0
CY2018Q1 us-gaap Cash
Cash
0
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
248
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
71
CY2019Q1 us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 5 &#8211; Deposits with Commodity Broker and Custodian</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Fund defines cash as cash held by the Custodian. There were no cash equivalents held by the Fund as of March&#160;31, 2019 and December&#160;31, 2018. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Fund may deposit cash, United States Treasury Obligations, T-Bill ETFs and money market mutual funds with the Commodity Broker as margin, to the extent permissible under CFTC rules. The combination of the Fund&#8217;s deposits with its Commodity Broker of cash and United States Treasury Obligations and the unrealized profit or loss on open futures contracts represents the Fund&#8217;s overall equity in its broker trading account. To meet the Fund&#8217;s maintenance margin requirements, the Fund holds United States Treasury Obligations with the Commodity Broker. The Fund transfers cash to the Commodity Broker to satisfy variation margin requirements. The Fund earns interest on any excess cash deposited with the Commodity Broker and incurs interest expense on any deficit balance with the Commodity Broker. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The brokerage agreement with the Commodity Broker provides for the net settlement of all financial instruments covered by the agreement in the event of default or termination of any one contract. The Managing Owner will utilize any excess cash held at the Commodity Broker to offset any realized losses incurred in the currency futures contracts, if available. To the extent that any excess cash held at the Commodity Broker is not adequate to cover any realized losses, a portion of the United States Treasury Obligations and T-Bill ETFs, if any, on deposit with the Commodity Broker will be sold to make additional cash available. For financial reporting purposes, the Fund offsets financial assets and financial liabilities that are subject to legally enforceable netting arrangements. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Fund&#8217;s remaining cash, United States Treasury Obligations, T-Bill ETFs and money market mutual fund holdings are on deposit with the Custodian. The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with the Custodian. The Fund incurs interest expense on any overdraft balance with the Custodian. Such balances, if any at period-end, are shown on the Statements of Financial Condition under the payable caption <font style="font-style:italic;">Due to custodian.</font></p>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">B.&nbsp;&nbsp;Accounting Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.</p>
CY2019Q1 us-gaap Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
2015-02-23
CY2019Q1 udn Treasury Obligation Measurement Maximum Maturity Period
TreasuryObligationMeasurementMaximumMaturityPeriod
P12M
CY2019Q1 udn Minimum Number Of Baskets Of Shares That Can Be Purchased
MinimumNumberOfBasketsOfSharesThatCanBePurchased
1
CY2019Q1 udn Number Of Shares Issued Per Basket
NumberOfSharesIssuedPerBasket
200000
CY2019Q1 us-gaap Distributed Earnings
DistributedEarnings
0
CY2018Q1 us-gaap Distributed Earnings
DistributedEarnings
0
CY2019Q1 udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2018Q1 udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2019Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2019Q1 udn Financial Instruments Owned Money Market Mutual Fund At Fair Value
FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue
2271254
CY2019Q1 us-gaap Investment Owned Unrecognized Unrealized Appreciation Depreciation Net
InvestmentOwnedUnrecognizedUnrealizedAppreciationDepreciationNet
-229648
CY2019Q1 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
32951251
CY2018Q4 udn Financial Instruments Owned Money Market Mutual Fund At Fair Value
FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue
1793677
CY2019Q1 udn Minimum Number Of Baskets Of Shares That Can Be Redeemed
MinimumNumberOfBasketsOfSharesThatCanBeRedeemed
1
CY2017Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
22.43
CY2019Q1 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.35
CY2018Q1 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
0.36
CY2019Q1 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.08
CY2018Q1 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.04
CY2019Q1 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-0.27
CY2018Q1 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
0.40
CY2018Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
22.83
CY2017Q4 udn Market Value Per Share
MarketValuePerShare
22.39
CY2018Q1 udn Market Value Per Share
MarketValuePerShare
22.85
CY2019Q1 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0163
CY2018Q1 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0064
CY2019Q1 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0076
CY2018Q1 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0076
CY2019Q1 udn Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0078
CY2018Q1 udn Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0078
CY2019Q1 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0129
CY2018Q1 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0178
CY2019Q1 udn Return At Market Value
ReturnAtMarketValue
-0.0133
CY2018Q1 udn Return At Market Value
ReturnAtMarketValue
0.0205

Files In Submission

Name View Source Status
0001564590-19-017412-index-headers.html Edgar Link pending
0001564590-19-017412-index.html Edgar Link pending
0001564590-19-017412.txt Edgar Link pending
0001564590-19-017412-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g5x41tdavfav000001.jpg Edgar Link pending
g5x41tdavfav000002.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
udn-10q_20190331.htm Edgar Link pending
udn-20190331.xml Edgar Link completed
udn-20190331.xsd Edgar Link pending
udn-20190331_cal.xml Edgar Link unprocessable
udn-20190331_def.xml Edgar Link unprocessable
udn-20190331_lab.xml Edgar Link unprocessable
udn-20190331_pre.xml Edgar Link unprocessable
udn-ex311_6.htm Edgar Link pending
udn-ex312_12.htm Edgar Link pending
udn-ex313_9.htm Edgar Link pending
udn-ex314_10.htm Edgar Link pending
udn-ex321_8.htm Edgar Link pending
udn-ex322_13.htm Edgar Link pending
udn-ex323_7.htm Edgar Link pending
udn-ex324_11.htm Edgar Link pending