Every 424B that Invesco DB Oil Fund (DBO) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow DBO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DBO filings page.
Invesco DB Oil Fund (DBO) updated its prospectus to reflect a change in the principal financial and accounting officer of its Managing Owner, Invesco Capital Management LLC. Kelli Gallegos began a leave of absence effective October 19, 2026. On that date, the Managing Owner’s Board appointed Lori Anello to serve in the role beginning October 22, 2026.
Anello joined the Managing Owner in 2018 and is its Global Head of Operational Product Readiness. She has held several treasury and financial officer roles across Invesco funds and is a Certified Public Accountant. Her application as a principal of the Managing Owner is being prepared for submission. The supplement states there are no arrangements or understandings related to her appointment and no transactions or proposed transactions between her and the Fund required to be reported under Regulation S-K.
Invesco DB Oil Fund (DBO), a series of the Invesco DB Multi-Sector Commodity Trust, offers common units of beneficial interest (“Shares”) in a continuous primary offering, issued and redeemed only in Creation Units of 50,000 Shares with Authorized Participants at NAV. Shares trade on NYSE Arca under the symbol DBO and may trade at a premium or discount to NAV.
The Fund seeks to track the DBIQ Optimum Yield Crude Oil Index Excess, which reflects WTI crude oil futures. It primarily holds exchange-traded WTI futures, with collateral invested in U.S. Treasury securities, money market funds and T-Bill ETFs, whose income (Treasury Income, Money Market Income, T‑Bill ETF Income) is used first to pay expenses.
The Fund charges a 0.75% per annum Management Fee on daily NAV; brokerage costs are estimated at about 0.00% of NAV annually, and most routine operating expenses are borne by the Managing Owner out of the fee. As of May 31, 2026, NAV per Share was $20.96, and based on then-current short-term rates the breakeven over 12 months was calculated as $0.00, or 0% of NAV, meaning any net loss would stem from futures trading rather than ongoing expenses alone.
The strategy uses an “Optimum Yield” roll methodology that seeks to minimize negative roll yield in contango and maximize positive roll yield in backwardation, but this may not succeed. The Fund is highly concentrated in a single commodity, uses futures in a historically volatile market with an Index average annual volatility of 28.11%, is subject to CFTC and exchange position limits, and investors can lose substantially all of their investment.
Invesco DB Multi-Sector Commodity Trust and Invesco DB Oil Fund report a change in the Board of Managers of Invesco Capital Management LLC, the managing owner. Jordan Krugman notified the entities on June 4, 2026 that he is resigning from all positions at the managing owner and its affiliates, effective as of the close of business on August 3, 2026.
On July 31, 2026, the Board appointed Matthew Casaccia