SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2019
INVESCO DB US DOLLAR INDEX TRUST
INVESCO DB US DOLLAR INDEX BEARISH FUND;
INVESCO DB US DOLLAR INDEX BULLISH FUND
(Exact name of registrant as specified in its charter)
| | | | |
| | 001-33317; 001-33318; and 001-33314 | | 87-0778084 (Invesco DB US Dollar Index Bearish Fund) |
87-0778082 (Invesco DB US Dollar Index Bullish Fund) |
(State or other jurisdiction
of incorporation) | | | | (I.R.S. Employer
Identification Nos.) |
| | | |
c/o Invesco Capital Management LLC 3500 Lacey Road, Suite 700 | | |
(Address of principal executive offices) | | |
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | | | |
| | | | |
Common Units of Beneficial Interest | | | | |
Common Units of Beneficial Interest | | | | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934 (§
240.12b-2
of this chapter).
| ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. |
Item 1.01 Entry Into a Material Definitive Agreement.
On October 1, 2019, Invesco DB US Dollar Index Trust (the “Trust”), on behalf of Invesco DB US Dollar Index Bearish Fund and Invesco DB US Dollar Index Bullish Fund (each, a “Fund” and collectively, the “Funds”), and each of the other Invesco DB Funds (the “Other Funds”) entered into a Custody Agreement (the “Custody Agreement”) with The Bank of New York Mellon, as Custodian (the “Custodian”). The Custody Agreement replaces the prior global custody agreement that had governed the custodial relationship among the Custodian, the Trust, the Funds, and the Other Funds.
Pursuant to the Custody Agreement, the Custodian shall maintain custody of cash and securities deposited by the Trust on behalf of each Fund or any Other Fund. The Trust shall pay the Custodian fees for such services as may be agreed upon from time to time during the term of the agreement, as well as reimbursement of certain expenses. The Custody Agreement has a four-year term, subject to automatic renewal for successive
one-year
periods unless the Trust or Custodian provides notice of
non-renewal
at least 90 days prior to the expiration of the current term or renewal term, as applicable. The foregoing description of the material terms of the Custody Agreement is qualified in its entirety by reference to the full text of the Custody Agreement, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Fund Administration and Accounting Agreement
On October 1, 2019, the Trust, on behalf of the Funds, and each of the Other Funds entered into a Fund Administration and Accounting Agreement (the “Administration Agreement”) with The Bank of New York Mellon, as Administrator (the “Administrator”). The Administration Agreement replaces the prior administration agreement that had governed the provision of administrative services by the Administrator to the Trust, the Funds and the Other Funds.
Pursuant to the Administration Agreement, the Administrator shall perform or supervise the performance of services necessary for the operation and administration of the Trust and each Fund (but excluding the making of investment decisions), including calculation of each Fund’s net asset value (“NAV”) and the provision of accounting and other administrative services. The Trust shall pay the Administrator fees for such services as may be agreed upon from time to time during the term of the agreement, as well as reimbursement of certain expenses. The Administration Agreement has a four-year term, subject to automatic renewal for successive
one-year
periods unless the Trust or Administrator provides notice of
non-renewal
at least 90 days prior to the expiration of the current term or renewal term, as applicable. The foregoing description of the material terms of the Administration Agreement is qualified in its entirety by reference to the full text of the Administration Agreement, which is filed herewith as Exhibit 10.2 and is incorporated herein by reference.
