INVESCO DB BASE METALS FUND

Jordan Krugman has given notice of his resignation from all positions at Invesco Capital Management LLC, the Managing Owner of Invesco DB Base Metals Fund and other Invesco DB commodity funds. His departure, including from the Board of Managers, will be effective August 3, 2026. The Managing Owner is actively seeking a replacement for Mr. Krugman.

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.