Company: DBO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027272
Chunk: 126

Company: Invesco DB Oil Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 126
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igations. $393.3 million was received from sales of affiliated investments and $385.5 million was paid to purchase affiliated investments during the year ended December 31, 2024. $549.2 million was received from sales of affiliated investments and $552.8 million was paid to purchase affiliated investments during the year ended December 31, 2023.

Financing Activities

The Fund’s net cash flow provided by (used in) financing activities was $(52.0) million and $(44.8) million during the years ended December 31, 2024 and 2023, respectively. This included $68.2 million and $176.2 million from Shares purchased by Authorized Participants and $110.0 million and $209.9 million from Shares redeemed by Authorized Participants during the years ended December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, distributions paid to Shareholders were $10.2 million. During the year ended December 31, 2023, distributions paid to Shareholders were $11.2 million. 

Results of Operations

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

The following graphs illustrate the percentage changes in (i) the market price of the Shares (as reflected by the line “Market”), (ii) the Fund’s NAV (as reflected by the line “NAV”), and (iii) the closing levels of the Index (as reflected by the line “DBIQ Opt Yield Crude Oil Index ER”). Whenever the Treasury Income, Money Market Income and T-Bill ETF Income earned by the Fund 

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exceeds Fund expenses, the price of the Shares generally exceeds the level of the Index primarily because the Share price reflects Treasury Income, Money Market Income and T-Bill ETF Income from the Fund’s collateral holdings whereas the Index does not consider such income. There can be no assurances that the price of the Shares or the Fund’s NAV will exceed the Index levels.

No representation is being made that the Index will or is likely to achieve closing levels consistent with or similar to those set forth herein. Similarly, no representation is being made that the Fund will generate profits or losses similar to the Fund’s past performance or changes in the Index closing levels.

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COMPARISON OF MARKET, NAV AND DBIQ OPT YIELD CRUDE OIL INDEX ER 

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 202