Invesco DB Commodity Index Tracking Fund

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Unaudited Financial Statements

ITEM 1. FINANCIAL STATEMENTS.

Statements of Financial Condition

September 30, 2026 and December 31, 2025

	September 30,	December 31,
	2026	2025
Assets
Affiliated investments, at value (cost $1,746,322,451 and $951,956,893, respectively)	$1,746,584,895	$952,402,892
Other investments:
Variation margin receivable- Commodity Futures Contracts	17,214,932	—
LME Commodity Futures Contracts receivable	2,522,985	3,249,870
Unrealized appreciation on LME Commodity Futures Contracts	9,844,232	15,758,826
Deposit with Commodity Broker	158,218,109	252,671,176
Receivable for:
Dividends from affiliates	4,799,168	2,432,561
Total assets	$1,939,184,321	$1,226,515,325
Liabilities
Other investments:
Unrealized depreciation on LME Commodity Futures Contracts	$2,047,232	$252,301
Payable for:
Fund shares reacquired	—	2,240,292
Management fees	1,215,880	822,614
Total liabilities	3,263,112	3,315,207
Commitments and Contingencies (Note 10)
Equity
Shareholder's equity—General Shares	1,294	896
Shareholders' equity—Shares	1,935,919,915	1,223,199,222
Total shareholders' equity	1,935,921,209	1,223,200,118
Total liabilities and equity	$1,939,184,321	$1,226,515,325
General Shares outstanding	40	40
Shares outstanding	59,850,000	54,600,000
Net asset value per share	$32.35	$22.40
Market value per share	$32.33	$22.39

Schedule of Investments

September 30, 2026

Description	Percentage ofShareholders'Equity	Value	Shares
Affiliated Investments
Exchange-Traded Fund
Invesco Short Term Treasury ETF (cost $215,027,176) (a)	11.12%	$215,289,620	2,039,500
Money Market Mutual Fund
Invesco Government & Agency Portfolio, Institutional Class, 3.81% (cost $1,531,295,275) (a)(b)	79.10	1,531,295,275	1,531,295,275
Total Affiliated Investments (cost $1,746,322,451)	90.22%	$1,746,584,895

(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 September 30, 2026.

Open Commodity Futures Contracts · Number of Contracts · Expiration Date · Notional Value · Value(c) · UnrealizedAppreciation(Depreciation)(c)
Long Futures Contracts
CBOT Corn	2,437	September - 2027	$61,960,725		$2,932,229		$2,932,229
CBOT Soybean	996	November - 2026	64,391,400		9,100,749		9,100,749
CBOT Soybean Meal	646	December - 2026	23,055,740		2,584,560		2,584,560
CBOT Soybean Oil	735	December - 2026	30,111,480		5,092,792		5,092,792
CBOT Wheat	898	July - 2027	31,474,900		1,877,013		1,877,013
CBOT Wheat KCB	688	July - 2027	25,748,400		2,038,993		2,038,993
CME Feeder Cattle	174	January - 2027	28,507,725		(1,901,579)		(1,901,579)
CME Lean Hogs	965	December - 2026	26,798,050		(1,834,020)		(1,834,020)
CME Lean Hogs	503	February - 2027	14,119,210		(1,303,424)		(1,303,424)
CME Live Cattle	672	August - 2027	58,759,680		2,039,278		2,039,278
COMEX Copper	299	May - 2027	50,792,625		429,617		429,617
COMEX Gold	397	December - 2026	166,211,990		(10,700,653)		(10,700,653)
COMEX Silver	123	December - 2026	37,248,090		(299,414)		(299,414)
ICE Cocoa	349	December - 2026	18,730,830		(177,747)		(177,747)
ICE Coffee	170	December - 2026	18,532,125		(1,285,922)		(1,285,922)
ICE Cotton	622	December - 2026	24,419,720		2,104,941		2,104,941
ICE-Low Sulphur Gasoil	1,343	December - 2026	181,338,575		54,607,105		54,607,105
ICE-UK Brent Crude	3,636	October - 2026	356,437,080		16,214,990		16,214,990
LME Aluminum	743	December - 2026	58,937,732		2,425,590		2,425,590
LME Copper	151	March - 2027	54,426,063		4,830,616		4,830,616
LME Lead	168	March - 2027	7,991,130		(741,640)		(741,640)
LME Nickel	223	September - 2027	22,040,887		(1,305,592)		(1,305,592)
LME Zinc	200	March - 2027	19,038,600		2,588,026		2,588,026
NYB-ICE Sugar	1,323	June - 2027	26,330,875		3,111,622		3,111,622
NYMEX Natural Gas	1,558	March - 2027	41,505,120		(6,098,532)		(6,098,532)
NYMEX NY Harbor ULSD	676	May - 2027	104,780,676		17,797,318		17,797,318
NYMEX Platinum	141	July - 2027	12,403,065		(922,458)		(922,458)
NYMEX RBOB Gasoline	578	November - 2026	73,973,827		26,408,277		26,408,277
NYMEX WTI Crude	3,236	October - 2026	292,599,120		46,350,192		46,350,192
Total Commodity Futures Contracts				$175,962,927		$175,962,927

(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 Nine Months Ended September 30, 2026 and 2025

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2026	2025	2026	2025
Income
Interest Income	$1,318,768	$2,353,901	$6,183,250	$10,655,845
Dividends from Affiliates	14,852,781	10,834,798	38,276,939	28,943,283
Total Income	16,171,549	13,188,699	44,460,189	39,599,128
Expenses
Management Fees	3,826,300	2,706,950	10,620,104	8,077,781
Brokerage Commissions and Fees	86,320	101,160	297,932	296,664
Interest Expense	103,181	—	257,433	78,941
Total Expenses	4,015,801	2,808,110	11,175,469	8,453,386
Less: Waivers	(391,949)	(248,567)	(1,021,084)	(637,834)
Net Expenses	3,623,852	2,559,543	10,154,385	7,815,552
Net Investment Income (Loss)	12,547,697	10,629,156	34,305,804	31,783,576
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	43,491,544	16,503,248	363,187,655	(27,368,063)
Net Realized Gain (Loss)	43,491,544	16,503,248	363,187,655	(27,368,063)
Net Change in Unrealized Gain (Loss) on
United States Treasury Obligations	—	—	—	(418,539)
Affiliated Investments	(20,395)	203,950	(183,555)	81,580
Commodity Futures Contracts	280,755,616	11,045,970	159,321,330	52,315,102
Net Change in Unrealized Gain (Loss)	280,735,221	11,249,920	159,137,775	51,978,143
Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts	324,226,765	27,753,168	522,325,430	24,610,080
Net Income (Loss)	$336,774,462	$38,382,324	$556,631,234	$56,393,656

Statements of Changes in Shareholders’ Equity

For the Three Months Ended September 30, 2026 and 2025

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at June 30, 2026	40		$1,064		59,250,000		$1,576,296,890		$1,576,297,954
Purchases of Shares				8,750,000		261,768,977		261,768,977
Redemption of Shares				(8,150,000)		(238,920,184)		(238,920,184)
Net Increase (Decrease) due to Share Transactions				600,000		22,848,793		22,848,793
Net Income (Loss)
Net Investment Income (Loss)		7				12,547,690		12,547,697
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		16				43,491,528		43,491,544
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		207				280,735,014		280,735,221
Net Income (Loss)		230				336,774,232		336,774,462
Net Change in Shareholders' Equity	—		230		600,000		359,623,025		359,623,255
Balance at September 30, 2026	40		$1,294		59,850,000		$1,935,919,915		$1,935,921,209

General Shares · Shares · Total
Shares · TotalEquity · Shares · TotalEquity · Shareholders'Equity
Balance at June 30, 2025	40		$872		56,450,000		$1,230,604,660		$1,230,605,532
Purchases of Shares				2,600,000		58,208,367		58,208,367
Redemption of Shares				(1,700,000)		(37,750,310)		(37,750,310)
Net Increase (Decrease) due to Share Transactions				900,000		20,458,057		20,458,057
Net Income (Loss)
Net Investment Income (Loss)		4				10,629,152		10,629,156
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		22				16,503,226		16,503,248
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		1				11,249,919		11,249,920
Net Income (Loss)		27				38,382,297		38,382,324
Net Change in Shareholders' Equity	—		27		900,000		58,840,354		58,840,381
Balance at September 30, 2025	40		$899		57,350,000		$1,289,445,014		$1,289,445,913

Statements of Changes in Shareholders’ Equity

For the Nine Months Ended September 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				26,450,000		761,122,320		761,122,320
Redemption of Shares				(21,200,000)		(605,032,463)		(605,032,463)
Net Increase (Decrease) due to Share Transactions				5,250,000		156,089,857		156,089,857
Net Income (Loss)
Net Investment Income (Loss)		24				34,305,780		34,305,804
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		260				363,187,395		363,187,655
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		114				159,137,661		159,137,775
Net Income (Loss)		398				556,630,836		556,631,234
Net Change in Shareholders' Equity	—		398		5,250,000		712,720,693		712,721,091
Balance at September 30, 2026	40		$1,294		59,850,000		$1,935,919,915		$1,935,921,209

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				10,150,000		225,502,417		225,502,417
Redemption of Shares				(12,950,000)		(276,636,060)		(276,636,060)
Net Increase (Decrease) due to Share Transactions				(2,800,000)		(51,133,643)		(51,133,643)
Net Income (Loss)
Net Investment Income (Loss)		25				31,783,551		31,783,576
Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		(22)				(27,368,041)		(27,368,063)
Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts		42				51,978,101		51,978,143
Net Income (Loss)		45				56,393,611		56,393,656
Net Change in Shareholders' Equity	—		45		(2,800,000)		5,259,968		5,260,013
Balance at September 30, 2025	40		$899		57,350,000		$1,289,445,014		$1,289,445,913

Statements of Cash Flows

For the Nine Months Ended September 30, 2026 and 2025

	2026	2025
Cash flows from operating activities:
Net Income (Loss)	$556,631,234	$56,393,656
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	(2,149,609,677)	(681,593,863)
Proceeds from affiliated investments sold	1,355,244,119	513,654,172
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	7,893,080	(11,732,316)
Change in operating assets and liabilities:
Variation margin - Commodity Futures Contracts	(17,214,932)	5,450,444
Deposit with Commodity Broker	94,453,067	(230,550,808)
Dividends from affiliates	(2,366,607)	(57,076)
LME Commodity Futures Contracts	726,885	(2,481,032)
Management fees	393,266	(93,414)
Brokerage commissions and fees	—	251
Net cash provided by (used in) operating activities	(153,849,565)	41,824,619
Cash flows from financing activities:
Proceeds from purchases of Shares	761,122,320	225,502,417
Redemption of Shares	(607,272,755)	(276,636,060)
Increase (decrease) in payable for amount due to custodian	—	925
Net cash provided by (used in) financing activities	153,849,565	(51,132,718)
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	$257,433	$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.