Invesco DB Oil Fund updates managing owner board

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.

Rhea-AI Filing Summary

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

Filing Explained

The supplement adds that Matthew Casaccia’s application to become a principal of Invesco Capital Management LLC was still being prepared for submission as of August 3, 2026; it therefore documents a pending application, not a submitted or approved one.

Key Figures

Effective date of resignation and appointment: August 3, 2026 Date notice of resignation was given: June 4, 2026 Date of Board appointment decision: July 31, 2026 +2 more

5 metrics

Effective date of resignation and appointment August 3, 2026 Date when Jordan Krugman’s resignation and Matthew Casaccia’s appointment become effective

Date notice of resignation was given June 4, 2026 Date Jordan Krugman notified the entities of his resignation

Date of Board appointment decision July 31, 2026 Date the Board appointed Matthew Casaccia to the Board of Managers

Age of new Board member 43 Age of Matthew Casaccia as stated in his biography

Tenure at Invesco Ltd. 17 years Length of time Matthew Casaccia has spent with Invesco Ltd.

Key Terms

Managing Owner, Board of Managers, Prospectus Supplement, Investment Company Act of 1940, +1 more

5 terms

Managing Owner regulatory

"resigning from all positions at Invesco Capital Management LLC (the “Managing Owner”)"

Board of Managers regulatory

"his position as a member of the Board of Managers (the “Board”) of the Managing Owner"

Prospectus Supplement regulatory

"This Prospectus Supplement No. 2 (“Supplement No. 2”) supplements and amends the Prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

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.

principal of the Managing Owner regulatory

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

Offering Details

shelf

Offering

Offering Type shelf

FAQ

What leadership change is disclosed for Invesco DB Oil Fund (DBO)?

The prospectus supplement discloses that Jordan Krugman will resign from all positions at Invesco Capital Management LLC on August 3, 2026, and Matthew Casaccia will join the Board of Managers effective the same date.

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

Jordan Krugman’s resignation from all positions at the managing owner and its affiliates becomes effective as of the close of business on August 3, 2026. The Board’s appointment of Matthew Casaccia takes effect at the same time.

Who is replacing Jordan Krugman on the Board for Invesco DB Oil Fund (DBO)?

Matthew Casaccia has been appointed to serve as a member of the Board of Managers of Invesco Capital Management LLC, effective as of the close of business on August 3, 2026, replacing references to Jordan Krugman in the prospectus.

What is Matthew Casaccia’s background as disclosed for DBO investors?

Matthew Casaccia (age 43) is Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd., with 17 years of experience at the firm in finance, distribution and North American transfer agency.

Is Invesco DB Oil Fund (DBO) regulated as a mutual fund?

No. The disclosure states the Fund is not a mutual fund or any other type of investment company under the Investment Company Act of 1940 and therefore is not subject to regulation under that Act.

On which exchange are Invesco DB Oil Fund (DBO) shares listed?

Shares of the Invesco DB Oil Fund are listed on NYSE Arca, Inc. under the symbol “DBO”, allowing investors to trade the fund on that exchange like other listed securities.

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 - 04:57 PM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

Registration Nos. 333-280609

333-280609-01

PROSPECTUS SUPPLEMENT NO. 2

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

INVESCO DB MULTI-SECTOR COMMODITY TRUST

INVESCO DB OIL 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 Oil 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 56 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 Oil Fund are listed on NYSE Arca, Inc. under the symbol “DBO”.

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-DBO-PRO-1-SUP-2 -080326