Company: DBO
Filing Date: 2025-08-26
Form Type: 424B3
Source: 0001193125-25-188736
Chunk: 9

Company: Invesco DB Oil Fund
Filing Date: 2025-08-26
Form: 424B3
Chunk 9
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 terrorism, riots and acts of God. The Trustee Wilmington Trust Company (the “Trustee”), a Delaware trust company, is the sole trustee of the Trust. The Trustee’s duties and liabilities with respect to the offering of the Shares and the management of the Fund

3

Summary Information (cont’d) are limited to its express obligations under the Fifth Amended and Restated Declaration of Trust and Trust Agreement of the Fund (the “Trust Agreement”). The Trustee has no duty or liability to supervise or monitor the performance of the Managing Owner, nor does the Trustee have any liability for the acts or omissions of the Managing Owner. Investment Objective The Fund seeks to track changes, whether positive or negative, in the level of the Index over time, plus the excess, if any, of the sum of the Fund’s Treasury Income, Money Market Income and T-Bill ETF Income, over the expenses of the Fund. The Fund invests in futures contracts in an attempt to track its Index. The Fund holds Treasury Securities, money market mutual funds and T-Bill ETFs only for margin and/or cash management purposes. While the Fund’s performance will reflect the appreciation or depreciation of those holdings, the Fund’s performance, whether positive or negative, will be driven primarily by its strategy of trading futures contracts with the aim of seeking to track the Index. Investing in the Fund does not insulate Shareholders from certain risks, including volatility in the spot price of the Index Commodity. In addition, the Index utilizes an Optimum Yield TM methodology, which seeks to minimize the effects of negative roll yield that may be experienced by conventional commodities indexes. “Negative roll yield” is a term that describes the adverse impact of an upward-sloping price curve for futures contracts, which makes it more expensive to replace expiring contracts with new contracts. However, the Optimum Yield TM methodology may not be successful, and in such instances, the Fund, by tracking the Index, may be negatively impacted. The Fund pursues its investment objective by investing in a portfolio of exchange-traded futures on the Index Commodity. The Index is composed of the notional amount of the underlying Index Commodity. The Index is intended to reflect the change in market value of crude oil. The single Index Commodity comprising the Index is Light, Sweet Crude Oil (WTI). The closing level of the Index is calculated by the Index Sponsor based on the closing price of the futures contracts on the Index Commodity (“Index Contracts”) and the notional amount of the Index