Company: DBE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027264
Chunk: 131

Company: Invesco DB Energy Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 131
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 the condition in which distant delivery prices for futures exceed spot prices, and maximizing the positive effects of backwardation, a condition opposite of contango.

Summary of the DBIQ-OY Energy TR™ and Underlying Index Commodity

Returns for the Years Ended December 31, 2024 and 2023

    AGGREGATE RETURNS FOR INDICES IN THE DBIQ-OY ENERGY TR™

    Years Ended December 31,

    Underlying Index
     
    2024

    2023

    DB Brent Crude Oil Indices

    6.14
    %

    (1.05
    %)

    DB Light Sweet Crude Oil Indices

    8.07

    (3.03
    )

    DB Natural Gas Indices

    (16.37
    )

    (56.57
    )

    DB RBOB Gasoline Indices

    5.38

    (4.28
    )

    DB Ultra-Low Sulphur Diesel Indices

    (1.47
    )

    (13.93
    )

    AGGREGATE RETURN

    3.54
    %

    (11.22
    )%

If the Fund’s Treasury Income, Money Market Income and T-Bill ETF Income were to exceed the Fund’s fees and expenses, the aggregate return on an investment in the Fund would be expected to outperform the Index and underperform the DBIQ-OY Energy TR™. The only difference between (i) the Index (the “Excess Return Index”) and (ii) the DBIQ-OY Energy TR™ (the “Total Return Index”) is that the Excess Return Index does not include interest income from fixed income securities while the Total Return Index does include such a component. Thus, the difference between the Excess Return Index and the Total Return Index is attributable entirely to the interest income attributable to the fixed income securities reflected in the Total Return Index. The Total Return Index does not actually hold any fixed income securities. If the Fund’s Treasury Income, Money Market Income and T-Bill ETF Income, if any, exceeds the Fund’s fees and expenses, then the amount of such excess is expected to be distributed periodically. The market price of the Shares is expected to closely track the Excess Return Index. The aggregate return on an investment in the Fund over any period is the sum of the capital appreciation or depreciation of the Shares over the period, plus the amount of any distributions during the period.