Company: DBE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000950170-25-105212
Chunk: 8

Company: Invesco DB Energy Fund
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 3
Chunk 8
---
 June 30, 2025

     Description
      
     Net Assets

     Daily Volatility

     VaR*(99 Percentile)

     Number of timesVaR Exceeded

     Invesco DB Energy Fund
      
     $
     52,195,263

     1.35
     %
      
     $
     1,640,456

     6

The following table indicates the trading VaR associated with the Fund’s net assets as of December 31, 2024.

     For the Year Ended,

     December 31, 2024

     Description
      
     Net Assets

     Daily Volatility

     VaR*(99 Percentile)

     Number of timesVaR Exceeded

     Invesco DB Energy Fund
      
     $
     47,223,940

     1.13
     %
      
     $
     1,241,750

     19

* The VaR represents the one-day downside risk, under normal market conditions, with a 99% confidence level. It is calculated using historical market moves of the Fund’s net assets and uses a one year look back.

THE FUND’S NON-TRADING MARKET RISK

The Fund has non-trading market risk as a result of investing in short-term United States Treasury Obligations, T-Bill ETFs and money market mutual funds. The market risk represented by these investments is not expected to be material. Although the Fund purchases and sells shares of T-Bill ETFs on an exchange, it does not establish or liquidate those positions for trading purposes. 

QUALITATIVE DISCLOSURES REGARDING PRIMARY TRADING MARKET RISK EXPOSURES

The following qualitative disclosures regarding the Fund’s market risk exposures—except for those disclosures that are statements of historical fact—constitute forward-looking statements within the meaning of Section 27A of the Securities Act and