Welcome to our dedicated page for Invesco DB Energy Fund SEC filings (Ticker: DBE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Invesco DB Energy Fund filings document the fund’s exchange-listed common units of beneficial interest, its role as a co-registrant of Invesco DB Multi-Sector Commodity Trust and material events affecting the index it seeks to track. Recent 8-K and 8-K/A disclosures describe implemented changes to the DBIQ Optimum Yield Energy Index Excess Return, including the addition of Gas Oil to the commodity universe, liquidity-related contract methodology and annual review procedures.
The filing record also identifies NYSE Arca listing details, fund governance context and capital-structure disclosures relevant to DBE’s public fund vehicle status.
Invesco DB Energy Fund (DBE), a series of Invesco DB Multi-Sector Commodity Trust, is an exchange-traded commodity pool that seeks to track the DBIQ Optimum Yield Energy Index Excess Return, reflecting the market value of a basket of energy futures. The Fund primarily trades futures on WTI and Brent crude oil, ultra-low sulfur diesel, gas oil, RBOB gasoline and natural gas, and holds U.S. Treasury securities, money market funds and T‑Bill ETFs for margin and cash management.
Shares trade on NYSE Arca under the symbol DBE and are only created and redeemed in 50,000‑Share Creation Units by Authorized Participants in cash at NAV; individual investors trade Shares on the exchange and may pay brokerage commissions. Invesco Capital Management LLC is Managing Owner, commodity pool operator and trading advisor and earns a 0.75% per annum management fee, while also covering routine operating expenses. The Fund is taxed as a partnership, so investors are allocated taxable income whether or not cash distributions are made. The prospectus highlights substantial risks, including high futures volatility, position limits, potential tracking error versus the Index, energy sector concentration, contango/super‑contango effects, and the possibility of losing all or substantially all of the invested amount.
Invesco DB Energy Fund, an exchange-traded commodity pool tracking the DBIQ Optimum Yield Energy Index Excess Return™, reported shareholders’ equity of $82.1 million at June 30, 2026, up from $41.0 million at December 31, 2025, with 3,150,000 Shares outstanding and a NAV per share of $26.07.
The portfolio consisted primarily of affiliated money market investments of $71.5 million and net unrealized depreciation on open commodity futures of $11.5 million. For the six months ended June 30, 2026, the Fund generated net income of $16.9 million, driven by $25.4 million in realized gains on commodity futures contracts partially offset by $9.6 million in negative unrealized moves. Six‑month total return at NAV was 49.23% and at market 50.09%; for the second quarter alone, the Fund recorded a net loss of $12.3 million and an NAV decline of 11.42%, reflecting energy futures volatility.
Invesco DB Multi-Sector Commodity Trust and Invesco DB Energy Fund report a board change at their Managing Owner, Invesco Capital Management LLC. Jordan Krugman notified the trusts on June 4, 2026 that he will resign from all positions effective at the close of business on August 3, 2026. The Board of Managers appointed Matthew Casaccia to the Board, effective at the same time, and all references to Mr. Krugman are replaced with Mr. Casaccia.
Mr. Casaccia, age 43, is Senior Director of Financial Planning and Analysis for Investments (since December 2023) and Global Product (since March 2025) at Invesco Ltd and has spent 17 years there. Shares of the Invesco DB Energy Fund trade on NYSE Arca under the symbol DBE, and the fund is not an investment company under the Investment Company Act of 1940.
Invesco DB Energy Fund reported a very strong quarter for the period ended March 31, 2026. Net asset value per share jumped from $17.47 to $29.43, while the market price rose to $29.46, delivering total returns of about 68% for investors over the quarter.
Net income reached $29.2 million, up sharply from $2.7 million a year earlier, driven by $28.9 million of realized and unrealized gains on energy commodity futures. Crude oil and refined products were the largest contributors, while natural gas futures detracted. Shareholders’ equity more than doubled to $85.3 million as assets grew and 550,000 new shares were created.
Invesco DB Energy Fund is a Delaware commodity pool seeking to track the DBIQ Optimum Yield Energy Index Excess Return through exchange-traded energy futures. As of December 31, 2025 the index weights were Brent crude 32.10%, WTI 30.01%, gas oil 10.68%, natural gas 11.02%, RBOB gasoline 7.87% and ultra-low sulphur diesel 8.32%.
The fund holds U.S. Treasury obligations, money market funds and T‑Bill ETFs as collateral and pays the managing owner a 0.75% annual management fee. It issues and redeems large creation units, with common units trading on NYSE Arca under the symbol DBE.
The 10‑K emphasizes substantial risks: high futures volatility (the index’s average annual volatility since inception is 24.78%), contango and “super contango” drag when rolling contracts, position limits that can constrain exposure, potential tracking error, illiquidity during market stress, and sensitivity to geopolitical conflicts and regulatory changes. As a partnership, DBE passes taxable income through to holders, who may owe tax even without cash distributions.
Invesco DB Energy Fund is updating how its underlying energy index is constructed. Effective November 10, 2025, Deutsche Bank modified the DBIQ Optimum Yield Energy Index Excess Return to broaden and refine its commodity exposure and risk controls.
The index now includes Gas Oil, removes futures contracts with limited liquidity, and uses a rules-based annual review to reset commodity weights based on global production and market liquidity. New sector and single-commodity caps and floors aim to reduce concentration, and intra-year rebalancing can be triggered when weights deviate significantly, while the Fund’s stated investment objective remains unchanged.
Invesco DB Energy Fund (DBE) reported Q3 2025 results, showing net income of $924,296 and a net asset value (NAV) per share of $18.97, with market price at $19.01. Shares outstanding were 2,550,000 as of September 30, 2025.
Total assets were $48.39 million and shareholders’ equity was $48.36 million. The portfolio held $38.29 million (79% of equity) in the Invesco Government & Agency Portfolio for cash management and $9.97 million on deposit with the commodity broker to support futures margin. Open long futures exposure included Brent, WTI, ULSD, RBOB and Natural Gas, with a net unrealized depreciation of $466,792 at quarter-end; average monthly notional during Q3 was $51.31 million.
For the quarter, total return was 1.77% at NAV and 2.09% at market. Year-to-date net income was $932,994. Operating cash flow was ($853,277) and financing cash flow was $205,137. No distributions were declared. Subsequent event: effective November 10, 2025, the Index methodology will change, adding an expanded commodity universe, modified Optimum Yield selection, annual weight reviews with caps/floors, and intra-year rebalancing triggers.
The filing discloses that the Invesco DB Energy Fund (DBE) will implement changes to the underlying Deutsche Bank index methodology that the Fund seeks to track. The Index will move to an annual, rules-based selection of eligible commodities based on liquidity and economic importance, expand the commodity universe, remove contracts with limited liquidity, replace static allocations with an annual review tied to production and market liquidity, and add sector and single-commodity caps and floors. An intra-year rebalance may occur if monthly observations show a large deviation from target weights. The filing states these changes will not affect the Fund's investment objective.