Invesco Amends SC 13G/A for DB Base Metals Fund

TL;DR

**Invesco just updated its ownership stake in the Base Metals Fund, filed on Feb 12, 2024.**

AI Summary

Invesco Ltd. filed an amended SC 13G/A on February 12, 2024, indicating its ownership of shares in the Invesco DB Base Metals Fund (ticker not provided in filing). This amendment, dated December 29, 2023, updates previous disclosures regarding their beneficial ownership. This matters to investors because Invesco Ltd. is the fund's sponsor, and changes in their reported ownership, even if administrative, can sometimes signal shifts in their management or strategic interest in the fund, potentially affecting its stability or future direction.

Why It Matters

This filing updates Invesco Ltd.'s beneficial ownership in the Invesco DB Base Metals Fund, providing current transparency on the fund sponsor's stake, which can influence investor confidence.

Risk Assessment

Risk Level: low — This is an amendment to a routine filing by the fund's sponsor, indicating no immediate or significant change in risk for investors.

Analyst Insight

Investors should note this as a routine transparency update from the fund's sponsor, confirming ongoing management without signaling any immediate strategic shifts. No direct action is typically warranted based solely on this type of amendment.

Key Players & Entities

• Invesco Ltd. (company) — the reporting person and sponsor of the fund
• Invesco DB Base Metals Fund (company) — the issuer of the securities being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A amendment
• 46140H700 (string) — the CUSIP number for the Invesco DB Base Metals Fund

Forward-Looking Statements

• Invesco Ltd. will continue to be the primary sponsor and manager of the Invesco DB Base Metals Fund. (Invesco Ltd.) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000186.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Invesco DB Base Metals Fund (Name of Issuer) Exchange Traded Fund (Title of Class of Securities) 46140H700 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 46140H700 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 826,600 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 826,600 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 826,600 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.4% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Invesco DB Base Metals Fund (b) Address of Issuer's Principal Executive Offices Invesco Exchange-Traded Fund Trust, 3500 Lacey Road; Suite 700, Downers Grove, IL 60515 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Exchange Traded Fund (e) CUSIP Number 46140H700 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 826,600 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 12.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 826,600 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 826,600 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Invesco Advisers, Inc. is a subsidiary of Invesco Ltd. and it advises the Invesco Balanced Growth Portfolio which owns 5.05% of the security reported herein. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Paren

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