Invesco DB US Dollar Index Bearish Fund
Invesco DB US Dollar Index Bearish Fund (AMEX: UDN) is an exchange-traded fund listed on NYSE Arca, trading at $17.90 (about ₹1,719 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.77% and holds 2 securities. Indian residents can buy UDN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$17.87
Today's high
$17.95
52 week low
$17.75
52 week high
$18.86
UDN opened at $17.91, closed previously at $17.93, and has traded between $17.75 and $18.86 over the past 52 weeks.
About
The Invesco DB US Dollar Index Bearish Fund (UDN) is designed to provide investors with exposure to the inverse performance of the U.S. dollar against a basket of key global currencies. Specifically, it aims to track the Deutsche Bank Short USD Currency Portfolio Index – Excess Return, while also incorporating net interest income generated from its holdings, primarily U.S. Treasury securities and money market instruments, after accounting for fund expenses. This Fund offers a streamlined and economical method for investors seeking to benefit from a decline in the U.S. dollar's value relative to six major world currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The underlying Index follows a rules-based approach, comprising exclusively "short" U.S. Dollar Index futures contracts, which are actively traded on the ICE futures exchange. These USDX futures are engineered to replicate the financial outcome of holding a short position in the U.S. dollar against the aforementioned basket of international currencies. It is crucial to understand that this Fund may not be appropriate for all investors. Its investment strategy involves speculative trading in inherently volatile futures markets. The frequent and significant price fluctuations characteristic of futures contracts could lead to substantial financial losses. For a comprehensive understanding of the risks involved, investors are strongly advised to consult the "Risk and Other Information" section and the Fund's Prospectus. For information regarding the Fund's qualified notices concerning IRS Section 1446(f) Rule for Publicly Traded Partnerships (PTPs), please visit our dedicated ETF tax center. Additionally, the Form 1065 Schedule K-3 FAQ for Invesco DB Funds (under the Securities Act of 1933) is available on the same platform.
Key statistics
Expense ratio
0.77%
Assets (AUM)
$103.4M
Holdings
2
NAV
$17.98
Avg. volume
—
1-year price change
-4.64%
5-year price change
-13.19%
Price change excludes dividends.
Top 4 holdings
UDN holds 2 securities in total. These 4 are 100.0% of the fund.
Where the money is invested
Countries
How to buy UDN from India
Indian residents can buy UDN units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search UDN and buy
Find the fund by its ticker, UDN, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in UDN from India
Trading and taxes when buying UDN from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the UDN price today?
Invesco DB US Dollar Index Bearish Fund (UDN) last traded at $17.90 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹1,719 a unit at the 29 Sep 2026 USD/INR rate.
When does UDN trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is UDN, and what does it cost to hold?
Invesco DB US Dollar Index Bearish Fund manages about $103.4M. Its expense ratio is 0.77% a year, deducted inside the fund. It launched in 2007.
What are UDN's largest holdings?
The top three are Invesco Government & Agency Portfolio (95.4%), CASH COLLATERAL (3.6%) and CASH & EQUIVALENTS (0.7%). UDN's 4 largest positions make up 100.0% of the fund.
Does UDN pay dividends?
Yes. UDN is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on UDN taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of UDN?
Yes. You can buy UDN by amount rather than by whole unit, and there is no minimum trade size.
How has UDN performed?
UDN's price is down 4.6% over the past year and down 13.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.