Company: DBE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027264
Chunk: 74

Company: Invesco DB Energy Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 74
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 by these investments is not expected to be material.

QUALITATIVE DISCLOSURES REGARDING MEANS OF MANAGING RISK EXPOSURE

Under ordinary circumstances, the Managing Owner’s exercise of discretionary power is limited to determining whether the Fund will make a distribution. Under emergency or extraordinary circumstances, the Managing Owner’s use of its discretionary powers may increase. These special circumstances, for example, include the unavailability of the Index or certain natural or man-made disasters. The Managing Owner does not actively manage the Fund to avoid losses. The Fund only takes long positions in investments and does not employ “stop-loss” techniques.

34

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

Index to Financial Statements

    Documents
     
    Page

    Report of Management on Internal Control Over Financial Reporting
     
    36

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238)
     
    37

    Statements of Financial Condition as of December 31, 2024 and 2023
     
    39

    Schedule of Investments as of December 31, 2024
     
    40

    Schedule of Investments as of December 31, 2023
     
    41

    Statements of Income and Expenses for the Years Ended December 31, 2024, 2023 and 2022
     
    42

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2024
     
    43

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2023
     
    44

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2022
     
    45

    Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022
     
    46

    Notes to Financial Statements
     
    47

35

Report of Management on Internal Control over Financial Reporting

Management of Invesco Capital Management LLC, as managing owner (the “Managing Owner”) of Invesco DB Energy Fund (the “Fund”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements