Invesco DB Precious Metals Fund

Invesco DB Precious Metals Fund is an investment trust series that tracks the DBIQ Optimum Yield Precious Metals Index Excess Return. The fund invests primarily in exchange-traded futures contracts on precious metals, specifically gold, silver, and platinum. Alongside these futures positions, it holds United States Treasury obligations, money market funds, and Treasury-bill exchange-traded funds for collateral and margin management. The fund issues common units of beneficial interest exclusively to eligible financial institutions, designated as authorized participants, who purchase and redeem shares in large blocks known as creation units.

The fund operates without employees and is overseen by Invesco Capital Management LLC, which serves as its managing owner, commodity pool operator, and commodity trading advisor. Delaware-based Wilmington Trust Company serves as the trustee, while The Bank of New York Mellon provides custodial, administrative, and transfer agency services. Futures clearing is conducted through Morgan Stanley & Co. LLC. The managing owner maintains its primary corporate offices in Downers Grove, Illinois.

Summary of the business section of Invesco DB Precious Metals Fund's latest annual report, written by StockData.