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Invesco DB Commodity Index Tracking Fund (IVZ-1.54%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a decrease in net asset value per share from $23.25 to $22.26. This decrease is attributed to falling commodity futures contract prices for several commodities, including Brent Crude Oil and Corn.
The fund reported a net income loss of $78.2 million for the quarter, primarily due to net realized and unrealized losses on commodity futures contracts.
Total income for the quarter was $20.6 million, while expenses, after waivers, amounted to $3.3 million.
The fund's net cash flow from operating activities was $264.0 million for the nine months ended September 30, 2024, primarily driven by net purchases and sales of money market mutual funds and U.S. Treasury Obligations.
Net cash flow used in financing activities was $264.0 million for the same period, reflecting purchases and redemptions of shares by authorized participants.
The fund's market risk is primarily influenced by changes in commodity prices, with significant exposure to energy and metals sectors.
The fund's VaR (Value at Risk) for the nine months ended September 30, 2024, was $24.6 million, indicating the potential loss in value under normal market conditions.
The fund does not anticipate any material changes in its liquidity or capital resources in the near future.
The filing also discusses the fund's strategy of investing in futures contracts to track the DBIQ Optimum Yield Diversified Commodity Index Excess Return, which reflects the change in market value of the commodity sector.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco DB Commodity Index Tracking Fund quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.