INVESCO DB BASE METALS FUND

The Fund has no employees, officers or directors. The Managing Owner receives a monthly Management Fee of 1/12th of 0.75% per annum of the daily NAV of the Fund at the end of each month.

For the year ended December 31, 2023, the Fund incurred Management Fees of $1,388,263 of which $1,312,261 had been paid at December 31, 2023. Management Fees of $76,002 were unpaid at December 31, 2023 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2023, the Fund incurred brokerage commissions of $70,885 of which $65,871 had been paid at December 31, 2023. Brokerage commissions of $5,014 were unpaid at December 31, 2023 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2022, the Fund incurred Management Fees of $3,253,733 of which $3,110,652 had been paid at December 31, 2022. Management Fees of $143,081 were unpaid at December 31, 2022 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2022, the Fund incurred brokerage commissions of $107,728 of which $103,143 had been paid at December 31, 2022. Brokerage commissions of $4,585 were unpaid at December 31, 2022 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2021, the Fund incurred Management Fees of $2,753,880 of which $2,454,36 had been paid at December 31, 2021. Management Fees of $299,515 were unpaid at December 31, 2021 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2021, the Fund incurred brokerage commissions of $83,746 of which $78,779 had been paid at December 31, 2021. Brokerage commissions of $4,967 were unpaid at December 31, 2021 and are reported as a liability on the Statements of Financial Condition.