Invesco DB Multi-Sector Commodity Trust
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Statements of Financial Condition
March 31, 2026 and December 31, 2025
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Affiliated investments, at value (cost $364,637,913 and $195,192,479, respectively) | $364,672,568 | $195,278,284 |
| Other investments: | ||
| Deposit with Commodity Broker | 23,210,884 | 9,215,975 |
| Receivable for: | ||
| Dividends from affiliates | 611,882 | 451,901 |
| Total assets | $388,495,334 | $204,946,160 |
| Liabilities | ||
| Other investments: | ||
| Variation margin payable- Commodity Futures Contracts | $22,831,093 | $— |
| Payable for: | ||
| Fund shares reacquired | — | 609,613 |
| Management fees | 211,101 | 115,695 |
| Total liabilities | $23,042,194 | $725,308 |
| Commitments and Contingencies (Note 10) | ||
| Equity | ||
| Shareholder's equity—General Shares | 782 | 488 |
| Shareholders' equity—Shares | 365,452,358 | 204,220,364 |
| Total shareholders' equity | 365,453,140 | 204,220,852 |
| Total liabilities and equity | $388,495,334 | $204,946,160 |
| General Shares outstanding | 40 | 40 |
| Shares outstanding | 18,700,000 | 16,750,000 |
| Net asset value per share | $19.54 | $12.19 |
| Market value per share | $19.70 | $12.20 |
Schedule of Investments
March 31, 2026
| Description | Percentage ofShareholders'Equity | Value | Shares |
|---|---|---|---|
| Affiliated Investments | |||
| Exchange-Traded Fund | |||
| Invesco Short Term Treasury ETF (cost $53,954,170) (a)(b) | 14.77% | $53,988,825 | 511,500 |
| Money Market Mutual Fund | |||
| Invesco Government & Agency Portfolio, Institutional Class, 3.58% (cost $310,683,743) (a)(c) | 85.01% | $310,683,743 | 310,683,743 |
| Total Affiliated Investments (cost $364,637,913) | 99.78% | $364,672,568 | |
(a)
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.
(b)
All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. See Note 2K.
(c)
The rate shown is the 7-day SEC standardized yield as of March 31, 2026.
| Open Commodity Futures Contracts | Number of Contracts | Expiration Date | NotionalValue | Value(d) | UnrealizedAppreciation(Depreciation)(d) |
|---|---|---|---|---|---|
| Long Futures Contracts | |||||
| NYMEX WTI Crude | 4,685 | August - 2026 | $365,336,300 | $26,959,370 | $26,959,370 |
(d)
Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.
Schedule of Investments
December 31, 2025
| Description | Percentage ofShareholders'Equity | Value | Shares |
|---|---|---|---|
| Affiliated Investments | |||
| Exchange-Traded Fund | |||
| Invesco Short Term Treasury ETF (cost $ 53,954,170)(a)(b) | 26.46% | $54,039,975 | 511,500 |
| Money Market Mutual Fund | |||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68% (cost $ 141,238,309)(a)(c) | 69.16% | 141,238,309 | 141,238,309 |
| Total Affiliated Investments (cost $195,192,479) | 95.62% | $195,278,284 | |
(a)
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.
(b)
All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. See Note 2K.
(c)
The rate shown is the 7-day SEC standardized yield as of December 31, 2025.
| Open Commodity Futures Contracts | Number of Contracts | Expiration Date | NotionalValue | Value(d) | UnrealizedAppreciation(Depreciation)(d) |
|---|---|---|---|---|---|
| Long Futures Contracts | |||||
| NYMEX WTI Crude | 3,556 | January - 2026 | $204,185,520 | $(5,298,394) | $(5,298,394) |
(d)
Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.
Statements of Income and Expenses
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Income | ||
| Interest Income | $182,851 | $562,114 |
| Dividends from Affiliates | 1,908,609 | 1,521,904 |
| Total Income | 2,091,460 | 2,084,018 |
| Expenses | ||
| Management Fees | 497,753 | 365,884 |
| Brokerage Commissions and Fees | 59,674 | 31,473 |
| Interest Expense | 4,151 | 16,502 |
| Total Expenses | 561,578 | 413,859 |
| Less: Waivers | (49,402) | (30,675) |
| Net Expenses | 512,176 | 383,184 |
| Net Investment Income (Loss) | 1,579,284 | 1,700,834 |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | ||
| Net Realized Gain (Loss) on | ||
| United States Treasury Obligations | — | (1) |
| Commodity Futures Contracts | 100,072,290 | 32,706 |
| Net Realized Gain (Loss) | 100,072,290 | 32,705 |
| Net Change in Unrealized Gain (Loss) on | ||
| United States Treasury Obligations | — | (23,643) |
| Affiliated Investments | (51,150) | (33,247) |
| Commodity Futures Contracts | 32,257,764 | 1,015,982 |
| Net Change in Unrealized Gain (Loss) | 32,206,614 | 959,092 |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | 132,278,904 | 991,797 |
| Net Income (Loss) | $133,858,188 | $2,692,631 |
Statements of Changes in Shareholders’ Equity
| General Shares · Shares · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity | |||||||||
| Balance at December 31, 2025 | 40 | $488 | 16,750,000 | $204,220,364 | $204,220,852 | ||||
| Purchases of Shares | 6,300,000 | 106,790,618 | 106,790,618 | ||||||
| Redemption of Shares | (4,350,000) | (79,416,518) | (79,416,518) | ||||||
| Net Increase (Decrease) due to Share Transactions | 1,950,000 | 27,374,100 | 27,374,100 | ||||||
| Net Income (Loss) | |||||||||
| Net Investment Income (Loss) | 3 | 1,579,281 | 1,579,284 | ||||||
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | 220 | 100,072,070 | 100,072,290 | ||||||
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | 71 | 32,206,543 | 32,206,614 | ||||||
| Net Income (Loss) | 294 | 133,857,894 | 133,858,188 | ||||||
| Net Change in Shareholders' Equity | — | 294 | 1,950,000 | 161,231,994 | 161,232,288 | ||||
| Balance at March 31, 2026 | 40 | $782 | 18,700,000 | $365,452,358 | $365,453,140 | ||||
| General Shares · Shares · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity | |||||||||
| Balance at December 31, 2024 | 40 | $571 | 14,850,000 | $212,125,181 | $212,125,752 | ||||
| Purchases of Shares | 1,250,000 | 17,421,317 | 17,421,317 | ||||||
| Redemption of Shares | (2,000,000) | (29,931,671) | (29,931,671) | ||||||
| Net Increase (Decrease) due to Share Transactions | (750,000) | (12,510,354) | (12,510,354) | ||||||
| Net Income (Loss) | |||||||||
| Net Investment Income (Loss) | 2 | 1,700,832 | 1,700,834 | ||||||
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | — | 32,705 | 32,705 | ||||||
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts | 1 | 959,091 | 959,092 | ||||||
| Net Income (Loss) | 3 | 2,692,628 | 2,692,631 | ||||||
| Net Change in Shareholders' Equity | — | 3 | (750,000) | (9,817,726) | (9,817,723) | ||||
| Balance at March 31, 2025 | 40 | $574 | 14,100,000 | $202,307,455 | $202,308,029 | ||||
Statements of Cash Flows
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss) | $133,858,188 | $2,692,631 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Proceeds from securities sold and matured | — | 13,999,998 |
| Cost of affiliated investments purchased | (218,178,298) | (68,723,341) |
| Proceeds from affiliated investments sold | 48,732,864 | 82,283,418 |
| Net accretion of discount on United States Treasury Obligations | — | (543,283) |
| Net realized (gain) loss on United States Treasury Obligations and Affiliated Investments | — | 1 |
| Net change in unrealized (gain) loss on United States Treasury Obligations and Affiliated Investments | 51,150 | 56,890 |
| Change in operating assets and liabilities: | ||
| Variation margin - Commodity Futures Contracts | 22,831,093 | 2,142,000 |
| Dividends from affiliates | (159,981) | 297,953 |
| Management fees | 95,406 | (14,025) |
| Brokerage commissions and fees | — | 88 |
| Deposit with Commodity Broker | (13,994,909) | (20,723,226) |
| Net cash provided by (used in) operating activities | (26,764,487) | 11,469,104 |
| Cash flows from financing activities: | ||
| Proceeds from purchases of Shares | 106,790,618 | 17,421,317 |
| Redemption of Shares | (80,026,131) | (29,931,671) |
| Net cash provided by (used in) financing activities | 26,764,487 | (12,510,354) |
| Net change in cash | — | (1,041,250) |
| Cash at beginning of period | — | 1,041,250 |
| Cash at end of period | $— | $— |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $4,151 | $16,502 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.