Company: DBO
Filing Date: 2025-08-26
Form Type: 424B3
Source: 0001193125-25-188736
Chunk: 45

Company: Invesco DB Oil Fund
Filing Date: 2025-08-26
Form: 424B3
Chunk 45
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 for the fiscal year ended December 31, 2024, as well as the following: ● Risks related to market volatility and fluctuations in the price of assets held by the Fund, including as a result of global trade, macroeconomic events, the imposition of trading limitations or trading halts, and the potential loss of investment; ● Risks that the market price of Shares will not correspond to NAV; ● Risks related to market competition; ● Risks related to the market conditions unique to futures contracts; ● Risks related to the impact of regulatory actions, such as position limits, accountability levels and daily limits; and

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● Risks and uncertainty related to public health emergencies and other adverse public health developments, geopolitical conflicts, acts of terrorism, mass casualty events, social unrest, civil disturbance or disobedience. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, the Managing Owner undertakes no obligation to publicly update or revise any forward-looking statements or the risks, uncertainties or other factors described in this Prospectus, as a result of new information, future events or changed circumstances or for any other reason after the date of this Prospectus. 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 price volatility. 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 other 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 Shares are intended to provide