Recent news coverage highlights ongoing market interest in ETFs related to the U.S. dollar outlook, including strategies amid dollar weakness, geopolitical influences, and shifts in Treasury policies.

• Dollar at 3-Month Lows on Treasury Buyback Plans: ETF Strategies to Play [N3].
• Japan and U.S. Join Hands to Support the Yen: ETFs to Benefit [N6].
• Currency ETFs to Watch as the Dollar Struggles [N7].
• What Lies Ahead for the U.S. Dollar? ETFs That Investors May Consider [N8].
• A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole [N2].
• U.S. Dollar to Slip Ahead? ETFs in Focus [N4].
• What's Next for the Greenback? ETFs to Consider Amid Shifting Outlook [N1].
• What Lies Ahead for the U.S. Dollar? ETFs to Play Greenback's Outlook [N5].

The Fund offers investors a direct mechanism to gain from declines in the U.S. dollar relative to a basket of currencies, which can be valuable in periods of dollar weakness or geopolitical uncertainty. Its structure allows for daily liquidity on a major exchange and access to futures markets that may be less accessible to individual investors. The Fund's inverse exposure can serve as a hedge or speculative tool in diversified portfolios.

The Fund's short exposure to the U.S. Dollar Index futures exposes it to theoretically unlimited losses if the dollar strengthens. Market volatility, liquidity constraints, and potential disruptions in futures markets can adversely affect performance. The Fund's NAV may diverge from market price, and trading halts or withdrawal of Authorized Participants could impair liquidity. Geopolitical risks and government interventions add further uncertainty to the Fund's outcomes.

The Fund's moat lies in its specialized inverse exposure to the U.S. Dollar Index via futures contracts, providing investors with a targeted tool for bearish dollar strategies. Its listing on a major exchange (NYSE Arca) and the ability to create and redeem shares through Authorized Participants support liquidity and market efficiency. However, the Fund faces competition from other currency ETFs and derivatives offering similar exposures.

• Market Volatility and Futures Risks: The Fund's futures contracts are subject to rapid and substantial price changes, with an average annual volatility of 7.91% that can spike significantly during global economic stress, potentially causing large losses.
• Unlimited Loss Potential: Short positions in DX Contracts expose the Fund to theoretically unlimited losses if the U.S. dollar rises, which could result in total loss of investment.
• Liquidity and Trading Risks: Liquidity may be impaired by market disruptions, withdrawal of Authorized Participants, or limited trading volumes, potentially causing the Fund's shares to trade at significant premiums or discounts to NAV.
• Geopolitical and Economic Risks: Global political turmoil, armed conflicts, economic sanctions, and government interventions can increase volatility and adversely affect the Fund's performance and the value of its futures contracts.
• Tracking Error and Market Price Divergence: The Fund's performance may not track the Index perfectly, and shares may trade at prices different from NAV due to market supply and demand, trading hours, and other factors.

• INVESCO DB US DOLLAR INDEX BEARISH FUND is an exchange-traded fund (ETF) that establishes short positions in DX Contracts linked to the U.S. Dollar Index (USDX®), aiming to profit from declines in the U.S. dollar relative to a basket of currencies.
• The Fund's NAV and share price fluctuate based on the value of its futures contracts and market supply and demand, with potential premiums or discounts to NAV due to trading hours and liquidity.
• The Fund incurs fees and expenses of approximately 0.75% per annum, which must be exceeded by returns from futures trading and income from Treasury, Money Market, and T-Bill ETFs for profitability.
• The Fund's trading involves futures contracts in volatile markets, subject to risks including national debt levels, trade deficits, inflation rates, interest rates, currency exchange rates, political and economic events, government interventions, and market participant expectations.
• The Fund's short positions expose it to theoretically unlimited losses if the USDX® rises, with the possibility of total loss of investment.
• Liquidity risks exist due to potential market disruptions, limited trading volumes, and the possibility of withdrawal by Authorized Participants affecting share liquidity.
• The Fund's NAV may not always correspond to market price, and shares may trade at a premium or discount, influenced by market conditions and trading halts.
• Global political turmoil, armed conflicts (e.g., Russia-Ukraine, Hamas-Israel), and economic sanctions can increase volatility and adversely affect the Fund's performance.
• The Fund's positions may be adversely affected by trading activities of other market participants who may anticipate its transactions.
• As of 2026-09-30, the Fund reported net income of $246,758 and cash and equivalents of $1,092,783 USD.
• The Fund's average annual volatility since inception is 7.91%, but volatility can spike significantly during periods of global economic and social stress.
• Recent news highlights ongoing market interest in ETFs related to the U.S. dollar outlook, including strategies amid dollar weakness and geopolitical influences [N1][N2][N3][N4][N5][N6][N7][N8].