INVESCO DB BASE METALS FUND DBB
Invesco DB Base Metals Fund (the "Fund"), a separate series of Invesco DB Multi-Sector Commodity Trust (the "Trust"), a Delaware statutory trust organized in seven separate series, was formed on August 3, 2006. 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 31st.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $6.9M | $11.0M | $5.9M | $110.7K | $568.0K | $3.4M | $5.3M | $2.0M | $465.6K |
| Total operating expenses | $994.5K | $1.1M | $1.5M | $3.4M | $2.8M | $956.1K | $1.3M | $2.7M | $2.2M | $1.4M |
| Operating income | $4.0M | $5.9M | $9.6M | $2.7M | -$2.7M | -$306.5K | $2.1M | $2.7M | -$101.9K | -$953.1K |
| Interest expense | — | — | $42.6K | $5.4K | $54 | $1.6K | $173.3K | $555.9K | — | $39.9K |
| Net income | $30.6M | $7.5M | -$6.0M | -$66.0M | $80.6M | $20.6M | -$744.0K | -$62.6M | $71.2M | $35.7M |
| EPS, basic | — | — | — | — | — | — | — | — | — | 3.08 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.5M | $0 | $0 | $2.0M | $0 | $0 | — | — | — | — |
| Total assets | $202.8M | $118.7M | $127.1M | $327.7M | $487.5M | $173.9M | $118.6M | $209.3M | $315.0M | $284.4M |
| Total liabilities | $295.6K | $5.9M | $5.5M | $103.4M | $304.5K | $107.1K | $1.6M | $48.7M | $917.7K | $313.3K |
| Total equity | $202.5M | $112.7M | $121.6M | $224.3M | $487.2M | $173.8M | $117.0M | $160.6M | $314.1M | $284.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$55.7M | $16.7M | $96.3M | $196.9M | -$232.8M | -$36.3M | $45.5M | $88.3M | $41.2M | -$139.3M |
| Depreciation and amortisation | -$895.7K | -$3.3M | -$4.3M | -$2.3M | -$65.4K | -$308.6K | -$2.9M | -$4.6M | -$1.8M | -$448.7K |
| Financing cash flow | $59.2M | -$16.7M | -$98.2M | -$194.9M | $232.8M | $36.3M | -$45.5M | -$88.3M | -$41.2M | $134.4M |
| Dividends paid | $4.9M | $5.8M | $8.8M | $2.2M | — | — | $2.1M | $2.6M | — | — |
| Buybacks | $59.2M | $154.0M | $196.1M | $445.7M | $94.0M | $38.4M | $106.3M | $226.0M | $142.9M | $113.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-083547.
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