Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments and Effect of Derivative Instruments on Statements of Income and Expenses

The Fair Value of Derivative Instruments is as follows:


	December 31, 2023				December 31, 2022
Risk Exposure/Derivative Type (a)	Assets		Liabilities		Assets		Liabilities
Currency risk
Currency Futures Contracts	$	982,879	$	—	$	456,208	$	—

(a)

Includes cumulative appreciation (depreciation) of currency futures contracts. Only the current day’s variation margin receivable (payable) is reported in the December 31, 2023 and December 31, 2022 Statements of Financial Condition.

The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:


		For the Years Ended
	Location of Gain or (Loss) on Derivatives	December 31,
Risk Exposure/Derivative Type	Recognized in Income	2023			2022			2021
Currency risk
Currency Futures Contracts	Net Realized Gain (Loss)		(1,410,333	)	$	(2,866,909	)	$	(4,376,609	)
	Net Change in Unrealized Gain (Loss)		526,671			168,179			(627,489	)
Total		$	(883,662	)	$	(2,698,730	)	$	(5,004,098	)

Summary of Average Monthly Notional Value of Future Contracts Outstanding

The table below summarizes the average monthly notional value of futures contracts outstanding during the period:


	For the Years Ended
	December 31,
	2023			2022			2021
Average Notional Value - Short	$	(76,995,074	)	$	(62,014,937	)	$	(76,082,888	)

INVESCO DB US DOLLAR INDEX BEARISH FUND 10-K