Invesco DB Precious 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, 2025, the Fund incurred Management Fees of $1,493,538 of which $1,343,353 had been paid at December 31, 2025. Management Fees of $150,185 were unpaid at December 31, 2025 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2025, the Fund incurred brokerage commissions of $241 of which $241 had been paid at December 31, 2025. There were no unpaid brokerage commissions at December 31, 2025.

For the year ended December 31, 2024, the Fund incurred Management Fees of $1,184,098 of which $1,086,137 had been paid at December 31, 2024. Management Fees of $97,961 were unpaid at December 31, 2024 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2024, the Fund incurred brokerage commissions of $5,468 of which $539 had been paid at December 31, 2024. Brokerage commissions of $4,929 were unpaid at December 31, 2024 and are reported as a liability on the Statements of Financial Condition.

For the year ended December 31, 2023, the Fund incurred Management Fees of $1,155,514 of which $1,067,340 had been paid at December 31, 2023. Management Fees of $88,174 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 $10,084 of which $5,082 had been paid at December 31, 2023. Brokerage commissions of $5,002 were unpaid at December 31, 2023 and are reported as a liability on the Statements of Financial Condition.