Company: DBO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027272
Chunk: 96

Company: Invesco DB Oil Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 96
---
        Assets

        Liabilities

        Assets

        Liabilities

        Commodity risk

        Commodity Futures Contracts
         
        $
        10,025,351

        $
        —

        $
        —

        $
        (827,832
        )
       
         (a)Includes cumulative appreciation (depreciation) of commodity futures contracts. Only the current day’s variation margin receivable (payable) is reported in the December 31, 2024 and December 31, 2023 Statements of Financial Condition.The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:

        Location of Gain (Loss) on Derivatives
         
        For the Years Ended December 31,

        Risk Exposure/Derivative Type
        Recognized in Income
         
        2024

        2023

        2022

        Commodity risk

        Commodity Futures Contracts
        Net Realized Gain (Loss)
         
        $
        (1,414,803
        )
         
        $
        (12,697,605
        )
         
        $
        83,926,816

        Net Change in Unrealized Gain (Loss)

        10,853,183

        (13,034,202
        )

        (8,822,462
        )

        Total

        $
        9,438,380

        $
        (25,731,807
        )
         
        $
        75,104,354

       The table below summarizes the average monthly notional value of futures contracts outstanding during the period:

        For the Years Ended December 31,

        2024

        2023

        2022

        Average Notional Value
         
        $
        232,193,818

        $
        271,237,455

        $
        430,084,320

Note 8 - Investments in AffiliatesThe Invesco Short Term Treasury ETF, formerly known as the Invesco Treasury Collateral ETF, is an investment company registered under the Investment Company Act of 1940, as amended, whose shares are primarily purchased and sold on a national securities exchange. In seeking its investment objective, the Invesco Short Term Treasury ETF primarily holds U.S. Treasury Obligations that: (i) are issued in U.S. Dollars; (ii) have a minimum remaining maturity of at least one month and a maximum remaining maturity of