Invesco DB Base Metals Fund Files Q2 2024 10-Q
Ticker: DBB · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 1383084
| Field | Detail |
|---|---|
| Company | Invesco Db Base Metals Fund (DBB) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, fund-filing, commodities
TL;DR
**Base Metals Fund 10-Q Filed:** Invesco DB Base Metals Fund released its Q2 2024 financials, showing operational details and historical name changes.
AI Summary
Invesco DB Base Metals Fund filed its 10-Q for the period ending June 30, 2024. The filing details the fund's financial performance and operations. The fund is part of Invesco DB Multi-Sector Commodity Trust, which has undergone several name changes since its inception.
Why It Matters
This filing provides investors with crucial financial data and operational updates for the Invesco DB Base Metals Fund, impacting investment decisions in base metals commodities.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial information for a fund, not indicating immediate operational or financial distress.
Key Numbers
- Q2 2024 — Reporting Period (The financial data covers the second quarter of 2024.)
- June 30, 2024 — Period End Date (The filing reports on the fund's status as of this date.)
Key Players & Entities
- INVESCO DB BASE METALS FUND (company) — Filer of the 10-Q
- Invesco DB Multi-Sector Commodity Trust (company) — Parent trust of the fund
- 20240630 (date) — End of the reporting period
- 20240807 (date) — Date of filing
FAQ
What is the primary business of Invesco DB Base Metals Fund?
The filing indicates the fund is related to base metals and is part of the Invesco DB Multi-Sector Commodity Trust, suggesting it invests in or tracks base metals commodities.
When was this 10-Q filed?
This 10-Q was filed on August 7, 2024.
What is the fiscal year end for Invesco DB Base Metals Fund?
The fiscal year end for Invesco DB Base Metals Fund is December 31.
Has the fund's name changed previously?
Yes, the filing shows the former company name was PowerShares DB Base Metals Fund, with a date of name change on December 8, 2006.
What is the SEC file number for this filing?
The SEC file number for Invesco DB Base Metals Fund is 001-33236.
Filing Stats: 4,298 words · 17 min read · ~14 pages · Grade level 13.7 · Accepted 2024-08-06 18:30:36
Filing Documents
- dbb-20240630.htm (10-Q) — 1712KB
- dbb-ex31_1.htm (EX-31.1) — 14KB
- dbb-ex31_2.htm (EX-31.2) — 14KB
- dbb-ex32_1.htm (EX-32.1) — 8KB
- dbb-ex32_2.htm (EX-32.2) — 8KB
- img42037228_0.jpg (GRAPHIC) — 150KB
- img42037228_1.jpg (GRAPHIC) — 161KB
- img42037228_2.jpg (GRAPHIC) — 162KB
- img42037228_3.jpg (GRAPHIC) — 158KB
- 0000950170-24-092110.txt ( ) — 7795KB
- dbb-20240630.xsd (EX-101.SCH) — 627KB
- dbb-20240630_htm.xml (XML) — 1365KB
Financial Statements
Financial Statements 1 Notes to Unaudited Financial Statements 10 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 ITEM 4.
Controls and Procedures
Controls and Procedures 33 PART II. OTHER INFORMATION 34 Item 1.
Legal Proceedings
Legal Proceedings 34 Item 1A.
Risk Factors
Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 3. Defaults Upon Senior Securities 34 Item 4. Mine Safety Disclosures 34 Item 5. Other Information 34 Item 6. Exhibits 34
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
FINANCI AL STATEMENTS
ITEM 1. FINANCI AL STATEMENTS. Invesco DB Base Metals Fund June 30, 2024 and December 31, 2023 (Unaudited) June 30, December 31, 2024 2023 Assets United States Treasury Obligations, at value (cost $ 74,446,825 and $ 55,864,584 , respectively) $ 74,463,376 $ 55,916,139 Affiliated investments, at value (cost $ 72,195,974 and $ 53,361,244 , respectively) 72,154,942 53,345,835 Other investments: LME Commodity Futures Contracts receivable 2,952,051 — Unrealized appreciation on LME Commodity Futures Contracts 5,692,625 2,605,074 Deposits with brokers: Cash collateral - Commodity Futures Contracts 15,000,000 15,000,000 Receivable for: Dividends from affiliates 252,716 204,877 Total assets $ 170,515,710 $ 127,071,925 Liabilities Other Investments: LME Commodity Futures Contracts payable $ — $ 4,329,738 Unrealized depreciation on LME Commodity Futures Contracts 1,067,040 683,289 Payable for: Distributions — 395,895 Management fees 103,543 76,002 Brokerage commissions and fees 4,790 5,014 Total liabilities $ 1,175,373 $ 5,489,938 Commitments and Contingencies (Note 10) Equity Shareholder's equity—General Shares 806 731 Shareholders' equity—Shares 169,339,531 121,581,256 Total shareholders' equity 169,340,337 121,581,987 Total liabilities and equity $ 170,515,710 $ 127,071,925 General Shares outstanding 40 40 Shares outstanding 8,400,000 6,650,000 Net asset value per share $ 20.16 $ 18.28 Market value per share $ 20.11 $ 18.31 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco DB Base Metals Fund Schedule of Investments June 30, 2024 (Unaudited) Description Percentage of Shareholders' Equity Value Principal Value United States Treasury Obligations (a) U.S. Treasury