Invesco DB Commodity Fund Files Q3 2024 10-Q
Ticker: DBC · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 1328237
Sentiment: neutral
Topics: 10-Q, commodity-tracking, fund-filing, futures
TL;DR
Invesco DB Commodity Fund 10-Q filed. Shows holdings in wheat, copper, sugar futures.
AI Summary
Invesco DB Commodity Index Tracking Fund filed a 10-Q for the period ending September 30, 2024. The filing details the fund's financial position and performance, including its holdings in various commodity futures such as CBOT Wheat, LME Copper, and IFUS Sugar. The fund, formerly known as PowerShares DB Commodity Index Tracking Fund, operates under the SEC Act of 1934.
Why It Matters
This filing provides investors with an update on the Invesco DB Commodity Index Tracking Fund's performance and holdings, crucial for understanding its exposure to commodity markets.
Risk Assessment
Risk Level: medium — Commodity-linked funds carry inherent risks due to market volatility and the nature of futures contracts.
Key Numbers
- 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 20241107 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Invesco DB Commodity Index Tracking Fund (company) — Filer of the 10-Q
- PowerShares DB Commodity Index Tracking Fund (company) — Former name of the filer
- 0000950170-24-122592 (filing_id) — Accession number for the filing
- 20240930 (date) — End of the reporting period
- 20241107 (date) — Filing date
- CBOT Wheat (commodity) — Example commodity holding
- LME Copper (commodity) — Example commodity holding
- IFUS Sugar (commodity) — Example commodity holding
FAQ
What is the primary business of the Invesco DB Commodity Index Tracking Fund?
The Invesco DB Commodity Index Tracking Fund is an exchange-traded fund that tracks a commodity index, as indicated by its inclusion in the 'ExchangeTradedFundsMember' category and its focus on commodity futures.
When was the fund previously known by another name?
The fund was formerly known as PowerShares DB Commodity Index Tracking Fund, with a name change effective August 10, 2006, and prior to that, DB Commodity Index Tracking Fund, with a name change effective May 25, 2005.
What specific commodity futures are mentioned as holdings?
The filing mentions specific commodity futures such as dbc:CBTSWheatMember (CBOT Wheat), dbc:LMECCopperMember (LME Copper), and dbc:IFUSSugarMember (IFUS Sugar).
What is the fiscal year end for the Invesco DB Commodity Index Tracking Fund?
The fiscal year end for the Invesco DB Commodity Index Tracking Fund is December 31st.
What is the Central Index Key (CIK) for Invesco DB Commodity Index Tracking Fund?
The Central Index Key (CIK) for Invesco DB Commodity Index Tracking Fund is 0001328237.
Filing Stats: 4,241 words · 17 min read · ~14 pages · Grade level 14.9 · Accepted 2024-11-06 18:49:50
Filing Documents
- dbc-20240930.htm (10-Q) — 1911KB
- dbc-ex31_1.htm (EX-31.1) — 14KB
- dbc-ex31_2.htm (EX-31.2) — 15KB
- dbc-ex32_1.htm (EX-32.1) — 9KB
- dbc-ex32_2.htm (EX-32.2) — 9KB
- img113962062_0.jpg (GRAPHIC) — 164KB
- img113962062_1.jpg (GRAPHIC) — 161KB
- img113962062_2.jpg (GRAPHIC) — 183KB
- img113962062_3.jpg (GRAPHIC) — 183KB
- 0000950170-24-122592.txt ( ) — 8094KB
- dbc-20240930.xsd (EX-101.SCH) — 647KB
- dbc-20240930_htm.xml (XML) — 1338KB
Financial Statements
Financial Statements 1 Notes to Unaudited Financial Statements 8 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 18 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 29 ITEM 4.
Controls and Procedures
Controls and Procedures 32 PART II. OTHER INFORMATION 32 Item 1.
Legal Proceedings
Legal Proceedings 32 Item 1A.
Risk Factors
Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 33 Item 6. Exhibits 33
FIN ANC IAL INFORMATION
PART I. FIN ANC IAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS. Invesco DB Commodity Index Tracking Fund September 30, 2024 and December 31, 2023 (Unaudited) September 30, December 31, 2024 2023 Assets United States Treasury Obligations, at value (cost $ 693,877,370 and $ 783,578,544 , respectively) $ 694,582,126 $ 784,350,648 Affiliated investments, at value (cost $ 717,146,908 and $ 907,765,903 , respectively) 717,613,302 908,120,125 Other investments: Variation margin receivable- Commodity Futures Contracts 1,071,694 — LME Commodity Futures Contracts receivable 5,069,439 — Unrealized appreciation on LME Commodity Futures Contracts 10,934,867 4,964,271 Receivable for: Dividends from affiliates 2,128,866 3,716,526 Total assets $ 1,431,400,294 $ 1,701,151,570 Liabilities Other investments: Variation margin payable- Commodity Futures Contracts $ — $ 9,665,016 LME Commodity Futures Contracts payable — 4,456,438 Unrealized depreciation on LME Commodity Futures Contracts 212,592 1,777,646 Payable for: Distributions — 599,093 Management fees 941,766 1,216,569 Brokerage commissions and fees 4,961 4,452 Total liabilities 1,159,319 17,719,214 Commitments and Contingencies (Note 10) Equity Shareholder's equity—General Shares 890 882 Shareholders' equity—Shares 1,430,240,085 1,683,431,474 Total shareholders' equity 1,430,240,975 1,683,432,356 Total liabilities and equity $ 1,431,400,294 $ 1,701,151,570 General Shares outstanding 40 40 Shares outstanding 64,250,000 76,350,000 Net asset value per share $ 22.26 $ 22.05 Market value per share $ 22.27 $ 22.06 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco DB Commodity Index Tracking Fund Schedule of Investments September 30, 2024 (Unaudited) Description