Invesco DB Commodity Index Tracking Fund

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

About 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.

Jun 30, 2026 · Filed Aug 7, 2026

DBC$30.76-0.7%Stored close · as of Nov 10, 2026

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Contents

Item 1. Unaudited Financial Statements

ITEM 1. FINANCIAL STATEMENTS.

Statements of Financial Condition

June 30, 2026 and December 31, 2025

	June 30,	December 31,
	2026	2025
Assets
Affiliated investments, at value (cost $1,423,718,172 and $951,956,893, respectively)	$1,424,001,011	$952,402,892
Other investments:
LME Commodity Futures Contracts receivable	2,639,631	3,249,870
Unrealized appreciation on LME Commodity Futures Contracts	3,913,616	15,758,826
Deposit with Commodity Broker	150,665,315	252,671,176
Receivable for:
Dividends from affiliates	3,949,107	2,432,561
Total assets	$1,585,168,680	$1,226,515,325
Liabilities
Other investments:
Variation margin payable- Commodity Futures Contracts	$269,022	$—
Unrealized depreciation on LME Commodity Futures Contracts	860,444	252,301
Payable for:
Fund shares reacquired	6,651,044	2,240,292
Management fees	1,090,216	822,614
Total liabilities	8,870,726	3,315,207
Commitments and Contingencies (Note 10)
Equity
Shareholder's equity—General Shares	1,064	896
Shareholders' equity—Shares	1,576,296,890	1,223,199,222
Total shareholders' equity	1,576,297,954	1,223,200,118
Total liabilities and equity	$1,585,168,680	$1,226,515,325
General Shares outstanding	40	40
Shares outstanding	59,250,000	54,600,000
Net asset value per share	$26.60	$22.40
Market value per share	$26.67	$22.39

Schedule of Investments

June 30, 2026

Description	Percentage ofShareholders'Equity	Value	Shares
Affiliated Investments
Exchange-Traded Fund
Invesco Short Term Treasury ETF (cost $215,027,176) (a)	13.66%	$215,310,015	2,039,500
Money Market Mutual Fund
Invesco Government & Agency Portfolio, Institutional Class, 3.57% (cost $1,208,690,996) (a)(b)	76.68	1,208,690,996	1,208,690,996
Total Affiliated Investments (cost $1,423,718,172)	90.34%	$1,424,001,011

(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)

The rate shown is the 7-day SEC standardized yield as of June 30, 2026.

Open Commodity Futures Contracts · Number of Contracts · Expiration Date · Notional Value · Value(c) · UnrealizedAppreciation(Depreciation)(c)
Long Futures Contracts
CBOT Corn	2,636	September - 2026	$54,927,650		$(3,903,614)		$(3,903,614)
CBOT Soybean	983	November - 2026	56,215,313		2,527,226		2,527,226
CBOT Soybean Meal	635	December - 2026	19,246,850		(791,263)		(791,263)
CBOT Soybean Oil	721	December - 2026	28,270,410		4,580,992		4,580,992
CBOT Wheat	882	July - 2027	27,871,200		(923,691)		(923,691)
CBOT Wheat KCB	680	July - 2027	22,610,000		(512,277)		(512,277)
CME Feeder Cattle	171	January - 2027	29,922,863		(358,584)		(358,584)
CME Lean Hogs	1,301	October - 2026	42,672,800		(2,388,557)		(2,388,557)
CME Live Cattle	641	August - 2026	62,157,770		4,983,881		4,983,881
COMEX Copper	294	May - 2027	47,561,850		(2,081,783)		(2,081,783)
COMEX Gold	391	December - 2026	160,251,350		(13,407,277)		(13,407,277)
COMEX Silver	122	December - 2026	36,951,970		554,301		554,301
ICE Cocoa	345	December - 2026	17,898,600		(776,540)		(776,540)
ICE Coffee	159	September - 2026	17,675,831		(1,924,766)		(1,924,766)
ICE Cotton	610	December - 2026	23,424,000		2,001,866		2,001,866
ICE Low Sulphur Gasoil	1,323	December - 2026	106,468,425		(16,168,491)		(16,168,491)
ICE-UK Brent Crude	3,366	August - 2026	245,818,979		(58,540,215)		(58,540,215)
LME Aluminum	731	December - 2026	56,241,313		1,320,241		1,320,241
LME Copper	149	March - 2027	49,805,671		1,247,774		1,247,774
LME Lead	165	March - 2027	7,994,250		(762,348)		(762,348)
LME Nickel	229	September - 2026	22,335,771		(98,096)		(98,096)
LME Zinc	198	March - 2027	17,334,504		1,345,601		1,345,601
NYB-ICE Sugar	1,301	June - 2027	22,760,214		186,973		186,973
NYMEX Natural Gas	1,532	March - 2027	45,071,440		(2,260,253)		(2,260,253)
NYMEX NY Harbor ULSD	666	May - 2027	75,728,596		(9,251,126)		(9,251,126)
NYMEX Platinum	143	October - 2026	11,195,470		(2,013,222)		(2,013,222)
NYMEX RBOB Gasoline	569	November - 2026	53,758,551		9,040,777		9,040,777
NYMEX WTI Crude	3,090	August - 2026	214,044,300		(16,420,218)		(16,420,218)
Total Commodity Futures Contracts				$(104,792,689)		$(104,792,689)

(c)

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 $215,027,176)(a)	17.61%	$215,473,175	2,039,500
Money Market Mutual Fund
Invesco Government & Agency Portfolio, Institutional Class, 3.68% (cost $736,929,717)(a)(b)	60.25	736,929,717	736,929,717
Total Affiliated Investments (cost $951,956,893)	77.86%	$952,402,892

(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)

The rate shown is the 7-day SEC standardized yield as of December 31, 2025.

Open Commodity Futures Contracts · Number of Contracts · Expiration Date · Notional Value · Value(c) · UnrealizedAppreciation(Depreciation)(c)
Long Futures Contracts
CBOT Corn	2,400	September - 2026	$53,820,000		$1,171,232		$1,171,232
CBOT Soybean	895	November - 2026	47,636,375		(191,328)		(191,328)
CBOT Soybean Meal	577	May - 2026	17,540,800		(1,399,743)		(1,399,743)
CBOT Soybean Oil	654	December - 2026	19,251,144		(803,000)		(803,000)
CBOT Wheat	895	July - 2026	23,773,438		(3,631,831)		(3,631,831)
CBOT Wheat KCB	673	July - 2026	18,238,300		(710,205)		(710,205)
CME Feeder Cattle	147	March - 2026	25,381,388		1,215,262		1,215,262
CME Lean Hogs	1,183	October - 2026	41,038,270		1,019,101		1,019,101
CME Live Cattle	583	August - 2026	52,131,860		1,685,317		1,685,317
COMEX Copper	280	July - 2026	40,537,000		3,704,261		3,704,261
COMEX Gold	356	December - 2026	160,107,440		10,035,731		10,035,731
COMEX Silver	111	December - 2026	40,428,975		12,558,740		12,558,740
ICE Cocoa	312	December - 2026	18,988,320		(30,200)		(30,200)
ICE Coffee	144	September - 2026	17,288,100		(1,699,674)		(1,699,674)
ICE Cotton	555	December - 2026	18,967,125		81,233		81,233
ICE Low Sulphur Gasoil	801	April - 2026	48,800,925		(2,461,200)		(2,461,200)
ICE-UK Brent Crude	2,415	January - 2026	146,953,580		(4,131,205)		(4,131,205)
LME Aluminum	666	December - 2026	50,258,025		2,291,325		2,291,325
LME Copper	137	April - 2026	42,532,130		11,638,427		11,638,427
LME Lead	159	February - 2026	7,940,858		(252,301)		(252,301)
LME Nickel	209	September - 2026	21,246,309		1,775,505		1,775,505
LME Zinc	181	February - 2026	14,072,931		53,569		53,569
NYB-ICE Sugar	1,285	June - 2026	21,170,632		(2,844,090)		(2,844,090)
NYMEX Natural Gas	1,560	April - 2026	50,388,000		(7,374,037)		(7,374,037)
NYMEX NY Harbor ULSD	442	April - 2026	38,037,636		(2,366,199)		(2,366,199)
NYMEX Platinum	131	October - 2026	13,630,550		2,373,793		2,373,793
NYMEX RBOB Gasoline	519	November - 2026	36,099,668		(1,363,506)		(1,363,506)
NYMEX WTI Crude	2,391	January - 2026	137,291,220		(3,703,380)		(3,703,380)
Total Commodity Futures Contracts				$16,641,597		$16,641,597

(c)

Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.

Statements of Income and Expenses

For the Three and Six Months Ended June 30, 2026 and 2025

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2026	2025	2026	2025
Income
Interest Income	$2,293,430	$3,890,507	$4,864,482	$8,301,944
Dividends from Affiliates	14,282,218	8,497,747	23,424,158	18,108,485
Total Income	16,575,648	12,388,254	28,288,640	26,410,429
Expenses
Management Fees	3,812,534	2,553,620	6,793,804	5,370,831
Brokerage Commissions and Fees	125,303	133,285	211,612	195,504
Interest Expense	154,252	17,992	154,252	78,941
Total Expenses	4,092,089	2,704,897	7,159,668	5,645,276
Less: Waivers	(389,770)	(191,994)	(629,135)	(389,267)
Net Expenses	3,702,319	2,512,903	6,530,533	5,256,009
Net Investment Income (Loss)	12,873,329	9,875,351	21,758,107	21,154,420
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
Commodity Futures Contracts	135,974,330	(39,319,900)	319,696,111	(43,871,311)
Net Realized Gain (Loss)	135,974,330	(39,319,900)	319,696,111	(43,871,311)
Net Change in Unrealized Gain (Loss) on
United States Treasury Obligations	—	(111,502)	—	(418,539)
Affiliated Investments	40,790	10,197	(163,160)	(122,370)
Commodity Futures Contracts	(296,830,414)	(21,613,506)	(121,434,286)	41,269,132
Net Change in Unrealized Gain (Loss)	(296,789,624)	(21,714,811)	(121,597,446)	40,728,223
Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts	(160,815,294)	(61,034,711)	198,098,665	(3,143,088)
Net Income (Loss)	$(147,941,965)	$(51,159,360)	$219,856,772	$18,011,332

Statements of Changes in Shareholders’ Equity

For the Three Months Ended June 30, 2026 and 2025

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at March 31, 2026	40		$1,156		58,450,000		$1,689,906,990		$1,689,908,146
Purchases of Shares				10,000,000		301,761,411		301,761,411
Redemption of Shares				(9,200,000)		(267,429,638)		(267,429,638)
Net Increase (Decrease) due to Share Transactions				800,000		34,331,773		34,331,773
Net Income (Loss)
Net Investment Income (Loss)		11				12,873,318		12,873,329
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		114				135,974,216		135,974,330
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		(217)				(296,789,407)		(296,789,624)
Net Income (Loss)		(92)				(147,941,873)		(147,941,965)
Net Change in Shareholders' Equity	—		(92)		800,000		(113,610,100)		(113,610,192)
Balance at June 30, 2026	40		$1,064		59,250,000		$1,576,296,890		$1,576,297,954

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at March 31, 2025	40		$900		60,400,000		$1,359,188,491		$1,359,189,391
Purchases of Shares				4,100,000		90,613,862		90,613,862
Redemption of Shares				(8,050,000)		(168,038,361)		(168,038,361)
Net Increase (Decrease) due to Share Transactions				(3,950,000)		(77,424,499)		(77,424,499)
Net Income (Loss)
Net Investment Income (Loss)		13				9,875,338		9,875,351
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		(41)				(39,319,859)		(39,319,900)
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		—				(21,714,811)		(21,714,811)
Net Income (Loss)		(28)				(51,159,332)		(51,159,360)
Net Change in Shareholders' Equity	—		(28)		(3,950,000)		(128,583,831)		(128,583,859)
Balance at June 30, 2025	40		$872		56,450,000		$1,230,604,660		$1,230,605,532

Statements of Changes in Shareholders’ Equity

For the Six Months Ended June 30, 2026 and 2025

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at December 31, 2025	40		$896		54,600,000		$1,223,199,222		$1,223,200,118
Purchases of Shares				17,700,000		499,353,343		499,353,343
Redemption of Shares				(13,050,000)		(366,112,279)		(366,112,279)
Net Increase (Decrease) due to Share Transactions				4,650,000		133,241,064		133,241,064
Net Income (Loss)
Net Investment Income (Loss)		17				21,758,090		21,758,107
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		244				319,695,867		319,696,111
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		(93)				(121,597,353)		(121,597,446)
Net Income (Loss)		168				219,856,604		219,856,772
Net Change in Shareholders' Equity	—		168		4,650,000		353,097,668		353,097,836
Balance at June 30, 2026	40		$1,064		59,250,000		$1,576,296,890		$1,576,297,954

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at December 31, 2024	40		$854		60,150,000		$1,284,185,046		$1,284,185,900
Purchases of Shares				7,550,000		167,294,050		167,294,050
Redemption of Shares				(11,250,000)		(238,885,750)		(238,885,750)
Net Increase (Decrease) due to Share Transactions				(3,700,000)		(71,591,700)		(71,591,700)
Net Income (Loss)
Net Investment Income (Loss)		21				21,154,399		21,154,420
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		(44)				(43,871,267)		(43,871,311)
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		41				40,728,182		40,728,223
Net Income (Loss)		18				18,011,314		18,011,332
Net Change in Shareholders' Equity	—		18		(3,700,000)		(53,580,386)		(53,580,368)
Balance at June 30, 2025	40		$872		56,450,000		$1,230,604,660		$1,230,605,532

Statements of Cash Flows

For the Six Months Ended June 30, 2026 and 2025

	2026	2025
Cash flows from operating activities:
Net Income (Loss)	$219,856,772	$18,011,332
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Proceeds from securities sold and matured	—	400,000,000
Cost of affiliated investments purchased	(1,352,662,152)	(604,887,271)
Proceeds from affiliated investments sold	880,900,873	479,075,024
Net accretion of discount on United States Treasury Obligations	—	(7,165,395)
Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and LME Commodity Futures Contracts	12,616,513	(8,254,392)
Change in operating assets and liabilities:
Variation margin - Commodity Futures Contracts	269,022	5,450,444
Deposit with Commodity Broker	102,005,861	(205,072,113)
Dividends from affiliates	(1,516,546)	45,023
Investments sold	—	(824)
LME Commodity Futures Contracts	610,239	(1,429,477)
Management fees	267,602	681,503
Brokerage commissions and fees	—	(932)
Net cash provided by (used in) operating activities	(137,651,816)	76,452,922
Cash flows from financing activities:
Proceeds from purchases of Shares	499,353,343	153,124,062
Redemption of Shares	(361,701,527)	(238,885,750)
Increase (decrease) in payable for amount due to custodian	—	667
Net cash provided by (used in) financing activities	137,651,816	(85,761,021)
Net change in cash	—	(9,308,099)
Cash at beginning of period	—	9,308,099
Cash at end of period	$—	$—
Supplemental disclosure of cash flow information
Cash paid for interest	$154,252	$78,941

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.