INVESCO DB BASE METALS FUND
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule of Investments as of December 31,
Schedule of Investments
December 31, 2024
| Description · Percentage ofShareholders'Equity · Value · Principal Value | ||||
|---|---|---|---|---|
| United States Treasury Obligations (a) | ||||
| U.S. Treasury Bills, 4.340% due May 29, 2025(b) | 43.60% | $49,156,643 | $50,000,000 | |
| Total United States Treasury Obligations (cost $49,104,326) | 43.60% | $49,156,643 | ||
| Affiliated Investments | Shares | |||
| Money Market Mutual Fund | ||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.43% (cost $51,500,959)(c)(d) | 45.68 | 51,500,959 | 51,500,959 | |
| Total Investments in Securities (cost $100,605,285) | 89.28% | $100,657,602 | ||
(a)
Security may be traded on a discount basis. The interest rate shown represents the discount rate at the most recent auction date of the security prior to period end.
(b)
United States Treasury Obligations of $19,660,000 are on deposit with the Commodity Broker and held as maintenance margin for open futures contracts.
(c)
Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. See Note 8.
(d)
The rate shown is the 7-day SEC standardized yield as of December 31,2024.
| Open Commodity Futures Contracts(e) · Number of Contracts · Expiration Date · NotionalValue · Value(f) · Unrealized Appreciation (Depreciation)(f) | |||||||
|---|---|---|---|---|---|---|---|
| Long Futures Contracts | |||||||
| LME Aluminum | 590 | June-2025 | $37,732,418 | $(1,631,888) | $(1,631,888) | ||
| LME Copper | 163 | May-2025 | 35,917,050 | (4,232,296) | (4,232,296) | ||
| LME Zinc | 522 | October-2025 | 39,088,795 | 2,345,072 | 2,345,072 | ||
| Total Commodity Futures Contracts | $(3,519,112) | $(3,519,112) | |||||
(e)
Futures contracts collateralized by $15,000,000 cash held with Morgan Stanley & Co. LLC, the futures commission merchant.
(f)
Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.
Schedule of Investments
December 31, 2023
| Description · Percentage ofShareholders'Equity · Value · Principal Value | ||||
|---|---|---|---|---|
| United States Treasury Obligations (a) | ||||
| U.S. Treasury Bills, 5.250% due March 7, 2024(b) | 4.89% | $5,943,653 | $6,000,000 | |
| U.S. Treasury Bills, 5.270% due May 16, 2024(b) | 20.17 | 24,521,125 | 25,000,000 | |
| U.S. Treasury Bills, 5.240% due May 30, 2024(b) | 16.10 | 19,582,531 | 20,000,000 | |
| U.S. Treasury Bills, 5.190% due June 6, 2024 | 4.83 | 5,868,830 | 6,000,000 | |
| Total United States Treasury Obligations (cost $55,864,584) | 45.99% | $55,916,139 | ||
| Affiliated Investments | Shares | |||
| Exchange-Traded Fund | ||||
| Invesco Short Term Treasury ETF (Cost $20,059,238)(c)(d) | 16.49% | $20,043,829 | 189,800 | |
| Money Market Mutual Fund | ||||
| Invesco Government & Agency Portfolio, Institutional Class, 5.29% (cost $33,302,006)(c)(e) | 27.39% | 33,302,006 | 33,302,006 | |
| Total Affiliated Investments (cost $53,361,244) | 43.89% | $53,345,835 | ||
| Total Investments in Securities (cost $109,225,828) | 89.88% | $109,261,974 | ||
(a)
Security may be traded on a discount basis. The interest rate shown represents the discount rate at the most recent auction date of the security prior to period end.
(b)
United States Treasury Obligations of $50,045,600 are on deposit with the Commodity Broker and held as maintenance margin for open futures contracts.
(c)
Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. See Note 8.
(d)
Effective after the close of markets on August 25, 2023, the fund’s name changed from Invesco Treasury Collateral ETF to Invesco Short Term Treasury ETF.
(e)
The rate shown is the 7-day SEC standardized yield as of December 31,2023.
| Open Commodity Futures Contracts (f) · Number of Contracts · Expiration Date · NotionalValue · Value(g) · Unrealized Appreciation (Depreciation)(g) | |||||||
|---|---|---|---|---|---|---|---|
| Long Futures Contracts | |||||||
| LME Aluminum | 678 | May-2024 | $40,887,638 | $111,744 | $111,744 | ||
| LME Copper | 190 | May-2024 | 40,809,625 | (683,289) | (683,289) | ||
| LME Zinc | 592 | October-2024 | 39,738,000 | 2,493,330 | 2,493,330 | ||
| Total Commodity Futures Contracts | $1,921,785 | $1,921,785 | |||||
(f)
Futures contracts collateralized by $15,000,000 cash held with Morgan Stanley & Co. LLC, the futures commission merchant.
(g)
Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.