PowerShares DB US Dollar Index Bullish Fund just filed a prospectus, suggesting it plans to soon issue some securities

PowerShares DB US Dollar Index Bullish Fund just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

USE OF PROCEEDS

Proceeds of the offering of the Shares are used by the Fund to engage in the trading of DX Contracts, which are futures on its Index with a view to tracking the changes, positive or negative, in the level of the Index over time. Proceeds of the offering are also used to pay the Fund’s fees, expenses and other costs. Approximately 2.02% of the Fund’s NAV is required to be posted as collateral with respect to its hold ings of DX Contracts as of April 30, 2018. Collateral requirements are initially set by the applicable futures exchanges. The Commodity Broker applies an additional collateral requirement based on a number of factors, including, but not limited to, volatility, concentration, percentage of open interest, and position size with respect to the Fund’s DX Contracts. For purposes of

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Post-Effective amendments for registration statement - Aug. 13, 2019

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