Invesco DB Commodity Index Tracking Fund Files 2023 Annual Report

Ticker: DBC · Form: 10-K · Filed: Feb 23, 2024 · CIK: 1328237

Sentiment: neutral

Topics: 10-K, Commodity Index, Invesco, Annual Report, DBC

TL;DR

<b>Invesco DB Commodity Index Tracking Fund filed its 2023 10-K report detailing its financial performance and holdings.</b>

AI Summary

Invesco DB Commodity Index Tracking Fund (DBC) filed a Annual Report (10-K) with the SEC on February 23, 2024. The Invesco DB Commodity Index Tracking Fund filed its 10-K for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The fund's business address is 3500 Lacey Road, Suite 700, Downers Grove, IL 60515. The fund previously operated under the names PowerShares DB Commodity Index Tracking Fund and DB Commodity Index Tracking Fund. The filing includes details on various commodity contracts and affiliated investments.

Why It Matters

For investors and stakeholders tracking Invesco DB Commodity Index Tracking Fund, this filing contains several important signals. This 10-K filing provides investors with a comprehensive overview of the fund's activities, financial health, and risk factors for the 2023 fiscal year. Understanding the fund's holdings in various commodity contracts and affiliated investments is crucial for assessing its performance and potential future returns.

Risk Assessment

Risk Level: medium — Invesco DB Commodity Index Tracking Fund shows moderate risk based on this filing. The fund's performance is directly tied to the volatile commodity markets, which can lead to significant fluctuations in value.

Analyst Insight

Investors should review the specific commodity holdings and their performance data within the 10-K to assess potential investment opportunities and risks.

Key Numbers

Key Players & Entities

FAQ

When did Invesco DB Commodity Index Tracking Fund file this 10-K?

Invesco DB Commodity Index Tracking Fund filed this Annual Report (10-K) with the SEC on February 23, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Invesco DB Commodity Index Tracking Fund (DBC).

Where can I read the original 10-K filing from Invesco DB Commodity Index Tracking Fund?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Invesco DB Commodity Index Tracking Fund.

What are the key takeaways from Invesco DB Commodity Index Tracking Fund's 10-K?

Invesco DB Commodity Index Tracking Fund filed this 10-K on February 23, 2024. Key takeaways: The Invesco DB Commodity Index Tracking Fund filed its 10-K for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The fund's business address is 3500 Lacey Road, Suite 700, Downers Grove, IL 60515..

Is Invesco DB Commodity Index Tracking Fund a risky investment based on this filing?

Based on this 10-K, Invesco DB Commodity Index Tracking Fund presents a moderate-risk profile. The fund's performance is directly tied to the volatile commodity markets, which can lead to significant fluctuations in value.

What should investors do after reading Invesco DB Commodity Index Tracking Fund's 10-K?

Investors should review the specific commodity holdings and their performance data within the 10-K to assess potential investment opportunities and risks. The overall sentiment from this filing is neutral.

Risk Factors

Key Dates

Glossary

10-K
An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (Provides the official annual financial and business overview of the Invesco DB Commodity Index Tracking Fund.)

Filing Stats: 4,678 words · 19 min read · ~16 pages · Grade level 13.8 · Accepted 2024-02-22 21:16:20

Filing Documents

BUSINESS

BUSINESS 1 ITEM 1A.

RISK FACTORS

RISK FACTORS 6 ITEM 1B. UNRESOLVED STAFF COMMENTS 20 ITEM 1C. CYBERSECURITY 20 ITEM 2.

PROPERTIES

PROPERTIES 21 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 21 ITEM 4. MINE SAFETY DISCLOSURES 21 PART II 21 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 21 ITEM 6. RESERVED 21 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 22 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 30 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 34 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 56 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 56 ITEM 9B. OTHER INFORMATION 56 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 56 PART III 57 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 57 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 59 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 59 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 60 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 60 PART IV 60 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 60 i CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K (this "Report") includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. The matters discussed throughout this Report that are not historical facts are forward-looking statements. These forward-looking statements are based on Invesco DB Commodity Index Tracking Fund's (the "Fund") and Invesco Capital Management LLC's (the "Managing Owner") current expectations, estimates and projections about the future results, performance, prospects and opportunities of the Fund and the Fund's business and industry and their beliefs and assumptions about future events and speak only as of the date on which they are made. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "outlook" and "estimate," as well as similar words and phrases, signify forward-looking statements. Forward-looking statements are not guarantees of future results. Future economic and industry trends that could potentially impact the Fund and its performance are difficult to predict. Conditions, risks and uncertainties in the markets for financial instruments that the Fund trades, in the markets for related physical commodities, in the legal and regulatory regimes applicable to the Managing Owner, the Fund, and the Fund's service providers, in the broader economy and in global politics may cause actual results to differ materially from those expressed by such

B USINESS

ITEM 1. B USINESS Introduction Invesco DB Commodity Index Tracking Fund (the "Fund") was formed as a Delaware statutory trust on May 23, 2005. The term of the Fund is perpetual (unless terminated earlier in certain circumstances) as provided for in the Fifth Amended and Restated Declaration of Trust and Trust Agreement of the Fund, as amended (the "Trust Agreement"). The Fund has an unlimited number of shares authorized for issuance. Invesco Capital Management LLC has served as the managing owner (the "Managing Owner"), commodity pool operator and commodity trading advisor of the Fund since February 23, 2015. The Managing Owner holds 40 general shares (the "General Shares") of the Fund. The fiscal year end of the Fund is December 31 st . The Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return TM (the "Index") over time, plus the excess, if any, of the sum of the Fund's interest income from its holdings of United States Treasury Obligations ("Treasury Income"), dividends from its holdings in money market mutual funds (affiliated or otherwise) ("Money Market Income") and dividends or distributions of capital gains from its holdings of T-Bill ETFs (as defined below) ("T-Bill ETF Income") over the expenses of the Fund. The Fund invests in futures contracts in an attempt to track its Index. The Index is intended to reflect the change in market value of the commodity sector. The commodities comprising the Index are Light Sweet Crude Oil, Ultra-Low Sulphur Diesel (also commonly known as Heating Oil), Aluminum, Gold, Corn, Wheat, Brent Crude Oil, Copper Grade A, Natural Gas, RBOB Gasoline (reformulated gasoline blendstock for oxygen blending, or "RBOB"), Silver, Soybeans, Sugar and Zinc (each, an "Index Commodity," and collectively, the "Index Commodities"). The Fund may invest directly in United States Treasury Obligations. The Fund may also gain exposure to United States Trea

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