Quarterly ResultMay 7, 2026, 06:10 AM
Invesco DB Base Metals Fund Q1 Assets $298.7M; Net Income $0.5M
AI Summary
Invesco DB Base Metals Fund reported significant growth in its financial condition for the three months ended March 31, 2026. Total assets increased by 47.3% to $298.7 million, and total shareholders' equity grew by 43.6% to $290.8 million compared to December 31, 2025. Net investment income saw an 83.0% increase to $1.82 million, driven by higher total income. However, overall net income for the quarter decreased by 76.1% to $0.50 million, primarily due to a substantial net change in unrealized loss on commodity futures contracts.
Key Highlights
- Total assets increased to $298.7 million as of March 31, 2026, up 47.3% from December 31, 2025.
- Total shareholders' equity rose to $290.8 million, a 43.6% increase from December 31, 2025.
- Net asset value per share increased to $23.45 as of March 31, 2026, from $22.88 at year-end 2025.
- Total income for Q1 2026 was $2.30 million, up 91.9% from $1.20 million in Q1 2025.
- Net investment income for Q1 2026 increased 83.0% to $1.82 million from $0.99 million in Q1 2025.
- Net income for Q1 2026 decreased 76.1% to $0.50 million from $2.09 million in Q1 2025.
- Net change in unrealized loss on commodity futures contracts was $14.79 million in Q1 2026.
- Shares outstanding increased to 12.4 million from 8.85 million at December 31, 2025.