Company: DBO
Filing Date: 2025-11-10
Form Type: 424B3
Source: 0001193125-25-273330
Chunk: 16

Company: Invesco DB Oil Fund
Filing Date: 2025-11-10
Form: 424B3
Chunk 16
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”); and (3) have entered into an agreement with the Fund and the Managing Owner (a “Participant Agreement”). The Participant Agreement sets forth the procedures for the creation and redemption of Creation Units and for the delivery of cash required for such creations or redemptions. See “Creation and Redemption of Shares” for more details. NAV NAV means the total assets of the Fund including, but not limited to, all cash and cash equivalents or other debt securities less total liabilities of the Fund, each determined on the basis of generally accepted accounting principles in the United States, consistently applied under the accrual method of accounting. NAV per Share is the NAV of the Fund divided by the number of outstanding Shares. See “Description of the Shares; Certain Material Terms of the Trust Agreement – NAV” for more details. Clearance and Settlement The Shares are evidenced by global certificates that the Fund issues to DTC. The Shares are available only in book-entry form. Shareholders may hold their Shares through DTC, if they are participants in DTC, or indirectly through entities that are participants in DTC. Segregated Accounts/Treasury Income, Money Market Income and T-Bill ETF Income The Fund has arranged for the proceeds of the continuous offering of the Shares to be deposited as cash in a segregated account in the name of the Fund at the Custodian (or another eligible financial institution, as applicable) in accordance with CFTC investor protection and segregation requirements. The Fund is credited with 100% of the interest earned on its average net assets on deposit with the Custodian or such other financial institution each week. The Fund’s non-margin assets are generally invested in Treasury

8

Summary Information (cont’d) Securities, money market mutual funds (affiliated or otherwise) and T-Bill ETFs (affiliated or otherwise). See “Fees and Expenses” for more details. Fees and Expenses

| Fee                                                            | Description                                                                                                                                                                                                                                                                       |
| Management Fee                                                 | The Fund pays the Managing Owner a Management Fee, monthly in arrears,in an amount equal to 0.75% per annum of the daily NAV of the Fund. TheManagement Fee is paid in consideration of the Managing                                                                              
 Owner’s servicesrelated to the management of the                                                                                                                                                                                                                                  
 Fund’s business and affairs, including theprovision of                                                                                                                                                                                                                            
 commodity futures trading advisory services. The Fund may, formargin and/or cash management purposes, invest in money market mutualfunds and/or T-Bill ETFs that are managed by affiliates of the                                                                                 
 ManagingOwner