the fund holds a portfolio of futures contracts ( for investment purposes ) on the eligible index currencies ( as defined below ) and united states treasury obligations for deposit with morgan stanley & co. llc , the fund 's commodity broker ( the “ commodity broker ” ) , as margin and united states treasury securities , cash , money market mutual funds and t-bill etfs , if any , on deposit with the bank of new york mellon ( the “ custodian ” ) for cash management purposes . the theoretical or “ fair market ” price of a currency futures contract is derived from the spot fx rate , interest rates of the two currencies and time to expiry of the currency futures contract and represents an equilibrium relationship among the interest rates , spot markets and futures markets associated with the currencies in question . if an equilibrium relationship does not exist between two currencies , arbitrage opportunities arise and the exploitation of these opportunities by arbitrageurs will tend to drive currency futures prices toward equilibrium . application of the interest rate parity formula under circumstances in which currencies are not in an equilibrium relationship predicts that if the currency future is based on a rate ranging from a high yielding currency to a low yielding currency , the fair market price of the currency future will be below the spot rate . the longer the time to the expiry of the currency future the greater the amount the fair market price of the currency future will be below the spot rate . if the spot rate stays approximately the same then , as you move closer to the expiry of the currency future , the fair market price will increase . in other words , the currency future rate between a relatively high interest rate currency and low interest rate currency tends to increase over time ( assuming spot is relatively stable ) . the index exploits this trend using both long and short futures positions , which is expected to provide more consistent and less volatile returns than could be obtained by taking long positions only or short positions only . the fund is an index tracking fund and does not utilize any trading system , whether discretionary , systematic or otherwise . the index is a mathematical construct that is comprised of the index currencies ( as defined below ) , each of which is assigned an initial weight . as the value of the underlying index currencies changes , the relative weights of each index currency will vary . the index will be re-balanced at a pre-determined frequency in order to restore the target weights . as the fund will invest in futures contracts tied to the underlying index currencies ( and their corresponding target base weights ) with a view to tracking the changes , whether positive or negative , in the changes in the levels of the index , the managing owner is responsible for ensuring that the fund invests in a manner that seeks to track the index . the shares are intended to provide investment results that generally correspond to the changes , positive or negative , in the levels of the index over time . the value of the shares is expected to fluctuate in relation to changes in the value of the fund 's portfolio . the market price of the shares may not be identical to the nav per share , but these two valuations are expected to be very close . margin calls “ initial ” or “ original ” margin is the minimum amount of funds that must be deposited by a futures trader with his commodity broker in order to initiate futures trading or to maintain an open position in futures contracts . “ maintenance ” margin is the amount ( generally less than initial margin ) to which a trader 's account may decline before he must deliver additional margin . a margin deposit is like a cash performance bond . it helps assure the futures trader 's performance of the futures contract that the trader purchases or sells . futures contracts are customarily bought and sold on margin that represents a very small percentage ( ranging upward from less than 2 % ) of the purchase price of the underlying commodity being traded . because of such low margins , price fluctuations occurring in the futures markets may create profits and losses that are greater , in relation to the amount invested , than are customary in other forms of investments . the minimum amount of margin required in connection with a particular futures contract is set from time to time by the exchange on which such contract is traded , and may be modified from time to time by the exchange during the term of the contract . “ variation margin ” is assessed daily to reflect changes in the value of the position . 23 brokerage firms carrying accounts for traders in futures contracts may not accept lower , and generally require higher , amounts of margin as a matter of policy in order to afford further protection for themselves . margin requirements are computed each day by a commodity broker . when the market value of a particular open futures contract position changes to a point where the margin on deposit does not satisfy maintenance margin requirements , a margin call is made by the commodity broker . if the margin call is not met within a reasonable time , the broker may close out the fund 's position . with respect to the managing owner 's trading , only the managing owner , and not the fund or its shareholders personally , will be subject to margin calls . story_separator_special_tag for the year ended december 31 , 2019 , gains in the long index currency positions in the australian dollar and canadian dollar and the short index currency positions in the euro , swiss franc and swedish krona were partially offset by losses in the long index currency positions in the new zealand dollar and norwegian krone and the short index currency positions in the japanese yen , contributing to an overall 3.54 % increase in the level of the index and to a 5.73 % increase in the level of the dbcfh-tr . on december 31 , 2019 , the fund paid a distribution of $ 0.34450 for each general share and share to holders of record as of december 24 , 2019. therefore , the total return for the fund on a nav basis was +4.95 % . net income ( loss ) for the year ended december 31 , 2019 was $ 1.2 million , primarily resulting from income of $ 0.5 million , net realized gain ( loss ) of $ 0.0 million , net change in unrealized gain ( loss ) of $ 0.8 million and net operating expenses of $ 0.1 million . critical accounting policies the fund 's critical accounting policies are as follows : preparation of the financial statements and related disclosures in conformity with u.s. gaap requires the application of appropriate accounting rules and guidance , as well as the use of estimates , and requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , revenue and expense and related disclosure of contingent assets 29 and liabilities during the reporting period of the financial statements and accompanying notes . the fund 's application of these policies involves judgments and actual results may differ from the estimates used . there were no significant estimates used in the preparation of these financial statements . currency futures contracts , united states treasury obligations , t-bill etfs and money market mutual funds are recorded on a trade date basis and at fair value in the financial statements , with changes in fair value , if any , reported in the statements of income and expenses . the use of fair value to measure financial instruments , with related unrealized gains or losses recognized in earnings in each period is fundamental to the fund 's financial statements . the fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ( the exit price ) . united states treasury obligations are fair valued using an evaluated quote provided by an independent pricing service . futures contracts are valued at the final settlement price set by an exchange on which they are principally traded . investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day nav per share . investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded . financial accounting standards board ( “ fasb ” ) accounting standards codification for fair value measurement and disclosure guidance requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value . the objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ( an exit price ) . the hierarchy gives the highest priority to unadjusted quoted prices for identical assets or liabilities ( level 1 measurements ) and the lowest priority to unobservable inputs ( level 3 measurements ) . assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement . see note 6 within the financial statements in item 8 for further information . securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith following procedures approved by the managing owner . issuer-specific events , market trends , bid/asked quotes of brokers and information providers and other data may be reviewed in the course of making a good faith determination of a security 's fair value . realized gains ( losses ) from the sale or disposition of securities or derivatives are determined on a specific identification basis and recognized in the statements of income and expenses in the period in which the contract is closed or the sale or disposition occurs , respectively . interest income on united states treasury obligations is recognized on an accrual basis when earned . premiums and discounts are amortized or accreted over the life of the united states treasury obligations . dividend income ( net of withholding tax , if any ) is recorded on the ex-dividend date . off-balance sheet arrangements and contractual obligations in the normal course of its business , the fund is a party to financial instruments with off-balance sheet risk . the term “ off-balance sheet risk ” refers to an unrecorded potential liability that , even though it does not appear on the balance sheet , may result in a future obligation or loss . the financial instruments used by the fund are currency futures , the values of which are based upon an underlying asset and generally represent future commitments which have a reasonable possibility to be settled in cash or through physical delivery . the financial instruments are traded on an exchange and are standardized contracts . the fund has not utilized , nor does it expect to utilize in the future , special purpose entities to facilitate off-balance

cash flows a primary cash flow activity of the fund is to raise capital from authorized participants through the issuance of shares . this cash is used to invest in united states treasury obligations , money market mutual funds and t-bill etfs , if any , and to meet margin requirements as a result of the positions taken in futures contracts to match the fluctuations of the index . as of the date of this report , each of bmo capital markets corp. , bnp paribas securities corp. , cantor fitzgerald & co. , citadel securities llc , citigroup global markets inc. , credit suisse securities ( usa ) llc , deutsche bank securities inc. , goldman sachs & co. , goldman sachs execution & clearing lp , interactive brokers llc , jefferies llc , jp morgan securities inc. , merrill lynch professional clearing corp. , morgan stanley & co. llc , nomura securities international inc. , rbc capital markets llc , ubs securities llc , virtu americas llc and virtu financial capital markets llc has executed a participant agreement and are the only authorized participants . operating activities net cash flow provided by ( used in ) operating activities was $ 11.9 million and $ 0.6 million during the years ended december 31 , 2020 and 2019 , respectively . these amounts primarily include net income ( loss ) , net purchases and sales of money 25 market mutual funds and net purchases and sales of united states treasury obligations which are held at fair value on the statements of financial condition . the fund may hold united states treasury obligations , money market mutual funds and t-bill etfs ( affiliated or otherwise ) , for margin and or cash management purposes only .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows a primary cash flow activity of the fund is to raise capital from authorized participants through the issuance of shares . this cash is used to invest in united states treasury obligations , money market mutual funds and t-bill etfs , if any , and to meet margin requirements as a result of the positions taken in futures contracts to match the fluctuations of the index . as of the date of this report , each of bmo capital markets corp. , bnp paribas securities corp. , cantor fitzgerald & co. , citadel securities llc , citigroup global markets inc. , credit suisse securities ( usa ) llc , deutsche bank securities inc. , goldman sachs & co. , goldman sachs execution & clearing lp , interactive brokers llc , jefferies llc , jp morgan securities inc. , merrill lynch professional clearing corp. , morgan stanley & co. llc , nomura securities international inc. , rbc capital markets llc , ubs securities llc , virtu americas llc and virtu financial capital markets llc has executed a participant agreement and are the only authorized participants . operating activities net cash flow provided by ( used in ) operating activities was $ 11.9 million and $ 0.6 million during the years ended december 31 , 2020 and 2019 , respectively . these amounts primarily include net income ( loss ) , net purchases and sales of money 25 market mutual funds and net purchases and sales of united states treasury obligations which are held at fair value on the statements of financial condition . the fund may hold united states treasury obligations , money market mutual funds and t-bill etfs ( affiliated or otherwise ) , for margin and or cash management purposes only .
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 Suspicious Activity Report : the fund holds a portfolio of futures contracts ( for investment purposes ) on the eligible index currencies ( as defined below ) and united states treasury obligations for deposit with morgan stanley & co. llc , the fund 's commodity broker ( the “ commodity broker ” ) , as margin and united states treasury securities , cash , money market mutual funds and t-bill etfs , if any , on deposit with the bank of new york mellon ( the “ custodian ” ) for cash management purposes . the theoretical or “ fair market ” price of a currency futures contract is derived from the spot fx rate , interest rates of the two currencies and time to expiry of the currency futures contract and represents an equilibrium relationship among the interest rates , spot markets and futures markets associated with the currencies in question . if an equilibrium relationship does not exist between two currencies , arbitrage opportunities arise and the exploitation of these opportunities by arbitrageurs will tend to drive currency futures prices toward equilibrium . application of the interest rate parity formula under circumstances in which currencies are not in an equilibrium relationship predicts that if the currency future is based on a rate ranging from a high yielding currency to a low yielding currency , the fair market price of the currency future will be below the spot rate . the longer the time to the expiry of the currency future the greater the amount the fair market price of the currency future will be below the spot rate . if the spot rate stays approximately the same then , as you move closer to the expiry of the currency future , the fair market price will increase . in other words , the currency future rate between a relatively high interest rate currency and low interest rate currency tends to increase over time ( assuming spot is relatively stable ) . the index exploits this trend using both long and short futures positions , which is expected to provide more consistent and less volatile returns than could be obtained by taking long positions only or short positions only . the fund is an index tracking fund and does not utilize any trading system , whether discretionary , systematic or otherwise . the index is a mathematical construct that is comprised of the index currencies ( as defined below ) , each of which is assigned an initial weight . as the value of the underlying index currencies changes , the relative weights of each index currency will vary . the index will be re-balanced at a pre-determined frequency in order to restore the target weights . as the fund will invest in futures contracts tied to the underlying index currencies ( and their corresponding target base weights ) with a view to tracking the changes , whether positive or negative , in the changes in the levels of the index , the managing owner is responsible for ensuring that the fund invests in a manner that seeks to track the index . the shares are intended to provide investment results that generally correspond to the changes , positive or negative , in the levels of the index over time . the value of the shares is expected to fluctuate in relation to changes in the value of the fund 's portfolio . the market price of the shares may not be identical to the nav per share , but these two valuations are expected to be very close . margin calls “ initial ” or “ original ” margin is the minimum amount of funds that must be deposited by a futures trader with his commodity broker in order to initiate futures trading or to maintain an open position in futures contracts . “ maintenance ” margin is the amount ( generally less than initial margin ) to which a trader 's account may decline before he must deliver additional margin . a margin deposit is like a cash performance bond . it helps assure the futures trader 's performance of the futures contract that the trader purchases or sells . futures contracts are customarily bought and sold on margin that represents a very small percentage ( ranging upward from less than 2 % ) of the purchase price of the underlying commodity being traded . because of such low margins , price fluctuations occurring in the futures markets may create profits and losses that are greater , in relation to the amount invested , than are customary in other forms of investments . the minimum amount of margin required in connection with a particular futures contract is set from time to time by the exchange on which such contract is traded , and may be modified from time to time by the exchange during the term of the contract . “ variation margin ” is assessed daily to reflect changes in the value of the position . 23 brokerage firms carrying accounts for traders in futures contracts may not accept lower , and generally require higher , amounts of margin as a matter of policy in order to afford further protection for themselves . margin requirements are computed each day by a commodity broker . when the market value of a particular open futures contract position changes to a point where the margin on deposit does not satisfy maintenance margin requirements , a margin call is made by the commodity broker . if the margin call is not met within a reasonable time , the broker may close out the fund 's position . with respect to the managing owner 's trading , only the managing owner , and not the fund or its shareholders personally , will be subject to margin calls . story_separator_special_tag for the year ended december 31 , 2019 , gains in the long index currency positions in the australian dollar and canadian dollar and the short index currency positions in the euro , swiss franc and swedish krona were partially offset by losses in the long index currency positions in the new zealand dollar and norwegian krone and the short index currency positions in the japanese yen , contributing to an overall 3.54 % increase in the level of the index and to a 5.73 % increase in the level of the dbcfh-tr . on december 31 , 2019 , the fund paid a distribution of $ 0.34450 for each general share and share to holders of record as of december 24 , 2019. therefore , the total return for the fund on a nav basis was +4.95 % . net income ( loss ) for the year ended december 31 , 2019 was $ 1.2 million , primarily resulting from income of $ 0.5 million , net realized gain ( loss ) of $ 0.0 million , net change in unrealized gain ( loss ) of $ 0.8 million and net operating expenses of $ 0.1 million . critical accounting policies the fund 's critical accounting policies are as follows : preparation of the financial statements and related disclosures in conformity with u.s. gaap requires the application of appropriate accounting rules and guidance , as well as the use of estimates , and requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , revenue and expense and related disclosure of contingent assets 29 and liabilities during the reporting period of the financial statements and accompanying notes . the fund 's application of these policies involves judgments and actual results may differ from the estimates used . there were no significant estimates used in the preparation of these financial statements . currency futures contracts , united states treasury obligations , t-bill etfs and money market mutual funds are recorded on a trade date basis and at fair value in the financial statements , with changes in fair value , if any , reported in the statements of income and expenses . the use of fair value to measure financial instruments , with related unrealized gains or losses recognized in earnings in each period is fundamental to the fund 's financial statements . the fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ( the exit price ) . united states treasury obligations are fair valued using an evaluated quote provided by an independent pricing service . futures contracts are valued at the final settlement price set by an exchange on which they are principally traded . investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day nav per share . investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded . financial accounting standards board ( “ fasb ” ) accounting standards codification for fair value measurement and disclosure guidance requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value . the objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ( an exit price ) . the hierarchy gives the highest priority to unadjusted quoted prices for identical assets or liabilities ( level 1 measurements ) and the lowest priority to unobservable inputs ( level 3 measurements ) . assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement . see note 6 within the financial statements in item 8 for further information . securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith following procedures approved by the managing owner . issuer-specific events , market trends , bid/asked quotes of brokers and information providers and other data may be reviewed in the course of making a good faith determination of a security 's fair value . realized gains ( losses ) from the sale or disposition of securities or derivatives are determined on a specific identification basis and recognized in the statements of income and expenses in the period in which the contract is closed or the sale or disposition occurs , respectively . interest income on united states treasury obligations is recognized on an accrual basis when earned . premiums and discounts are amortized or accreted over the life of the united states treasury obligations . dividend income ( net of withholding tax , if any ) is recorded on the ex-dividend date . off-balance sheet arrangements and contractual obligations in the normal course of its business , the fund is a party to financial instruments with off-balance sheet risk . the term “ off-balance sheet risk ” refers to an unrecorded potential liability that , even though it does not appear on the balance sheet , may result in a future obligation or loss . the financial instruments used by the fund are currency futures , the values of which are based upon an underlying asset and generally represent future commitments which have a reasonable possibility to be settled in cash or through physical delivery . the financial instruments are traded on an exchange and are standardized contracts . the fund has not utilized , nor does it expect to utilize in the future , special purpose entities to facilitate off-balance

