Index overhaul for Invesco DB Precious Metals Fund (NYSE: DBP) implemented

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K/A

Rhea-AI Filing Summary

Invesco DB Precious Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust, has implemented planned changes to the index it tracks, the DBIQ Optimum Yield Precious Metals Index Excess Return, effective November 10, 2025.

The index rules now include Platinum in the commodity universe, modify the Optimum Yield methodology to remove contracts with limited liquidity, and introduce an annual, rules-based review of base weights and eligible commodities. New sector and single-commodity caps and floors are designed to limit concentration, and intra-year rebalancing can occur if weights deviate significantly from annual targets.

The Trust states that these methodology changes will not affect the Fund’s investment objective.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

11/10/2025 - 07:58 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 26,

2025

INVESCO DB MULTI-SECTOR COMMODITY TRUST

(Registrant)

INVESCO DB PRECIOUS METALS FUND

(Co-Registrant)

(Exact name of registrant as specified in its charter)


Delaware	001-33229 and 001-33244	87-0778065
(State or other jurisdiction of incorporation)	(Commission File Numbers)	(I.R.S. Employer Identification No.)

c/o Invesco Capital Management LLC 3500 Lacey Road, Suite 700 Downers Grove, Illinois		60515
(Address of principal executive offices)		(Zip Code)

(800)

983-0903

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form

8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Units of Beneficial Interest	DBP	NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or

Rule 12b-2

of the Securities Exchange Act of 1934

(§240.12b-2

of this chapter).

☐	Emerging growth company

☐	If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.

Explanatory Note

This amendment to the Current Report on Form 8-K that was filed on September 26, 2025 (the “Original 8-K”) is being filed to notify shareholders of the Invesco DB Precious Metals Fund that the planned changes to the index methodology described in the Original

8-K

have been implemented, resulting in the changes described below.

Item 8.01

Other Events

Effective November 10, 2025, Deutsche Bank AG, the Index provider, modified the DBIQ Optimum Yield Precious Metals Index Excess Return

(the “Index”), the index the Invesco DB Precious Metals Fund (the “Fund”) seeks to track. A summary of the changes are as follows:


1. Expanded Commodity Universe		• Eligible commodities are determined annually based on their liquidity and economic importance. • Under the new methodology, the commodities included in the Index expanded to include Platinum.

2. Modified Optimum Yield Methodology		• The Optimum Yield methodology was modified to eliminate contracts with limited liquidity.

3. Annual Review of Base Weights and Commodities		• The static allocations to commodities were changed by implementing a rules-based annual review to better reflect current global production and market liquidity.

4. Weight Limits (Annually at Rebalance)		• Implementation of sector and single commodity caps and floors to reduce concentration risk.

5. Intra-year Rebalancing Events		• An intra-year rebalance event will be triggered should a large deviation occur on a monthly observation date to help prevent significant deviations from annual rebalance target weights.

The changes described herein will not effect the Fund’s Investment Objective.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Invesco DB Multi-Sector Commodity Trust

	By:	Invesco Capital Management LLC, its Managing Owner

		By:	/s/ Adam Henkel
			Name:	Adam Henkel
			Date:	November 10, 2025
			Title:	Secretary


Invesco DB Precious Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust

	By:	Invesco Capital Management LLC, its Managing Owner

		By:	/s/ Adam Henkel
			Name:	Adam Henkel
			Date:	November 10, 2025
			Title:	Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What change did Invesco DB Precious Metals Fund (DBP) implement?

Invesco DB Precious Metals Fund implemented previously announced changes to the DBIQ Optimum Yield Precious Metals Index Excess Return on November 10, 2025. The updates adjust the commodity universe, weighting rules, and rebalancing mechanics while keeping the fund’s stated investment objective unchanged.

When did the new DBP index methodology take effect?

The revised index methodology for Invesco DB Precious Metals Fund took effect on November 10, 2025. On that date, Deutsche Bank AG, as index provider, implemented the updated rules governing eligible commodities, weighting, and rebalancing for the DBIQ Optimum Yield Precious Metals Index Excess Return.

How did the commodity universe change for Invesco DB Precious Metals Fund (DBP)?

The index methodology broadened the commodity universe by adding Platinum to the eligible precious metals. Eligible commodities are determined annually based on liquidity and economic importance, which may adjust the mix of metals the fund’s index can include over time.

What new risk controls were added to the DBP index methodology?

The methodology now applies sector and single-commodity caps and floors during annual rebalancing. These limits are intended to reduce concentration risk by preventing the index from becoming overly exposed to any single metal or sector within the precious metals basket.

Will the methodology changes affect Invesco DB Precious Metals Fund’s investment objective?

The Trust states these methodology changes will not affect the fund’s investment objective. The fund continues to seek to track the DBIQ Optimum Yield Precious Metals Index Excess Return, with the updated rules guiding how that index is constructed and maintained.

What is the purpose of intra-year rebalancing events in the updated DBP index?

The updated rules allow intra-year rebalancing when large deviations from target weights occur on a monthly observation date. This mechanism is designed to help keep index weights closer to annual rebalance targets and reduce prolonged drift in commodity allocations.