Invesco DB Energy Fund updates board membership

Invesco DB Multi-Sector Commodity Trust and Invesco DB Energy Fund report a board change at their Managing Owner, Invesco Capital Management LLC.

Rhea-AI Filing Summary

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.

Filing Explained

The prospectus supplement adds that Matthew Casaccia’s application as a principal of the Managing Owner is being prepared for submission, placing that process at preparation rather than a completed submission or approval.

Key Figures

Effective resignation date: August 3, 2026 Notification date: June 4, 2026 Age of Matthew Casaccia: 43 +4 more

7 metrics

Effective resignation date August 3, 2026 Date Jordan Krugman’s resignation from all positions becomes effective at close of business

Notification date June 4, 2026 Date Mr. Krugman notified the trusts of his resignation

Age of Matthew Casaccia 43 Age stated in Mr. Casaccia’s biography

Tenure at Invesco Ltd 17 years Time Mr. Casaccia has spent with Invesco Ltd

Start as Senior Director FP&A Investments December 2023 Date from which Mr. Casaccia has served as Senior Director for Investments

Start as Senior Director Global Product March 2025 Date from which Mr. Casaccia has served as Senior Director for Global Product

Start as Senior Manager FP&A WMI May 2019 Date Mr. Casaccia began as Senior Manager, Financial Planning and Analysis for Wealth Management Intermediaries

Key Terms

Prospectus Supplement No. 2, Managing Owner, Board of Managers, principal of the Managing Owner, +2 more

6 terms

Prospectus Supplement No. 2 regulatory

"Prospectus Supplement No. 2 supplements and amends the Prospectus"

Managing Owner regulatory

"Invesco Capital Management LLC is referred to as the Managing Owner"

Board of Managers regulatory

"appointed Mr. Matthew Casaccia to serve as a member of the Board of Managers"

principal of the Managing Owner regulatory

"Mr. Casaccia’s application as a principal of the Managing Owner is being prepared"

Investment Company Act of 1940 regulatory

"not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

commodity pools financial

"THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THESE POOLS"

FAQ

What board change did Invesco DB Energy Fund (DBE) disclose?

The fund disclosed that Jordan Krugman will resign from all positions at Invesco Capital Management LLC on August 3, 2026, and Matthew Casaccia has been appointed to the Board of Managers effective at the same time, replacing references to Mr. Krugman.

Who is Matthew Casaccia in the Invesco DB Energy Fund (DBE) filing?

Matthew Casaccia, age 43, is Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd. He has 17 years’ experience with Invesco and joins the Board of Managers of the Managing Owner effective August 2026.

When does Jordan Krugman’s resignation become effective for DBE?

Jordan Krugman’s resignation becomes effective at the close of business on August 3, 2026. He notified the Invesco DB Multi-Sector Commodity Trust and Invesco DB Energy Fund of his decision on June 4, 2026, covering all his positions at the Managing Owner and affiliates.

On which exchange are Invesco DB Energy Fund (DBE) shares listed?

Shares of the Invesco DB Energy Fund are listed on NYSE Arca, Inc. under the symbol DBE. The supplement reiterates that investing in these shares involves significant risks and refers investors to the Risk Factors section starting on page 12 of the Prospectus.

Is the Invesco DB Energy Fund (DBE) an investment company under the 1940 Act?

No. The fund states that it is not a mutual fund or any other type of investment company under the Investment Company Act of 1940 and is therefore not subject to regulation under that act, reflecting its structure as a commodity pool.

What regulatory statements are included in the DBE prospectus supplement?

The supplement states that the SEC and state regulators have not approved or disapproved the securities, and that the Commodity Futures Trading Commission has not passed on the merits of participating in these pools or on the adequacy or accuracy of the disclosure document.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 07:10 PM Accepted by SEC EDGAR 08/03/2026 - 04:56 PM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

Registration Nos. 333-280607

333-280607-01

PROSPECTUS SUPPLEMENT NO. 2

(to Prospectus dated August 26, 2025, as amended November 10, 2025)

INVESCO DB MULTI-SECTOR COMMODITY TRUST

INVESCO DB ENERGY FUND

This Prospectus Supplement No. 2 (“Supplement No. 2”) supplements and amends the Prospectus dated August 26, 2025, as amended November 10, 2025 (the “Prospectus”).

On June 4, 2026, Mr. Jordan Krugman gave notice to the Invesco DB Multi-Sector Commodity Trust and the Invesco DB Energy Fund that he is resigning from all positions at Invesco Capital Management LLC (the “Managing Owner”) and its affiliates, including his position as a member of the Board of Managers (the “Board”) of the Managing Owner, effective as of the close of business on August 3, 2026 (the “Effective Date”). On July 31, 2026, the Board appointed Mr. Matthew Casaccia to serve as a member of the Board of the Managing Owner, effective as of the close of business on the Effective Date.

Accordingly, as of the close of business on the Effective Date, all references to Mr. Krugman are deleted and replaced by Mr. Casaccia. In addition, the following biography for Mr. Casaccia replaces Mr. Krugman’s biography on page 57 of the Prospectus:

Matthew Casaccia (43) is Senior Director of Financial Planning and Analysis for Investments (since December 2023) and Global Product (since March 2025) with Invesco Ltd, a global investment management company affiliated with the Managing Owner. In this capacity, Mr. Casaccia is responsible for general management support, in addition to executing on various strategic initiatives and overseeing the financial framework for these business units. He also has served as a member of the Board of Managers of the Managing Owner since August 2026. Prior to these roles, Mr. Casaccia served as Senior Manager, Financial Planning and Analysis for Wealth Management Intermediaries, which is the distribution organization with Invesco Ltd, since May 2019. Overall, he has spent the last 17 years with Invesco Ltd with experience in finance, distribution and the North American transfer agency. Mr. Casaccia holds a BS in Business Administration from Stephen F. Austin State University. Mr. Casaccia’s application as a principal of the Managing Owner is being prepared for submission.

Supplement No. 2 should be read together with the Prospectus.

Shares of the Invesco DB Energy Fund are listed on NYSE Arca, Inc. under the symbol “DBE”.

Investing in the Shares involves significant risks. See “RISK FACTORS” starting on page 12 of the Prospectus.

These securities have not been approved or disapproved by the Securities and Exchange Commission or any state securities commission nor has the Securities and Exchange Commission passed upon the adequacy or accuracy of the Prospectus or this Prospectus Supplement No. 2. Any representation to the contrary is a criminal offense.

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THESE POOLS NOR HAS THE COMMISSION PASSED ON THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE DOCUMENT.

The date of this Prospectus Supplement No. 2 is August 3, 2026.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

P-DBE-PRO-1-SUP-2 080326