Company: DBO
Filing Date: 2025-11-10
Form Type: 424B3
Source: 0001193125-25-273330
Chunk: 55

Company: Invesco DB Oil Fund
Filing Date: 2025-11-10
Form: 424B3
Chunk 55
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 Unlike the Index, the Fund also holds securities as collateral that are expected to generate income, including Treasury Securities, money market mutual funds, and T-Bill ETFs. These securities are held with the Custodian or Commodity Broker. In addition, Treasury Securities for deposit may be held with the Commodity Broker for cash management purposes or as margin for the Fund’s futures positions. The Index does not reflect any corresponding income characteristics.

35

The futures contract price for the Index Commodity will be the exchange closing price for the Index Commodity on a day on which the exchange is open for business (“Index Business Day”). If a weekday is not an Exchange Business Day (as defined in the following sentence) but is an Index Business Day, the exchange closing price from the previous Index Business Day will be used for the Index Commodity. “Exchange Business Day” means, in respect of the Index Commodity, a day that is a trading day for the Index Commodity on the exchange (unless either an Index disruption event or force majeure event has occurred). Contract Selection On the first Index Business Day of each month (“Verification Date”), each Index Contract will be tested in order to determine whether to continue including it in the Index. If the Index Contract requires delivery of the underlying commodity in the next month, known as the Delivery Month, a new Index Commodity futures contract will be selected for inclusion in the Index. For example, if the first Index Business Day is May 1 of the current year, and the Delivery Month of the Index Contract currently in the Index is June of the current year, a new Index Commodity futures contract with a later Delivery Month will be selected. The new Index Contract selected will be the Index Contract with the best possible “implied roll yield” based on the closing price for each eligible Index Contract. Eligible Index Contracts are any Index Contracts having a Delivery Month (i) no sooner than the month after the Delivery Month of the Index Contract currently in the Index, and (ii) no later than the thirteenth month after the Verification Date. For example, if the first Index Business Day is May 1 of the current year and the Delivery Month of an Index Contract currently in the Index is therefore June of the current year, the Delivery Month of an eligible new Index Contract must be between July of the current year and June of the following year. The implied roll yield is calculated and the futures contract on the Index Commodity with the best possible implied roll yield under the current market conditions is selected. If two futures