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Invesco DB Oil Fund (IVZ+1.48%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing the NAV per share decreased from $15.86 to $13.94. The decrease is attributed to falling commodity futures contract prices for Light Sweet Crude Oil.
The fund reported a net loss of $26.8 million for the quarter, primarily due to $2.8 million of income, a net realized gain of $1.0 million, and a net change in unrealized loss of $30.2 million.
Total assets as of September 30, 2024, were $249,806,551, with liabilities totaling $39,271,044. Shareholders' equity was $210,535,507.
The fund's investment strategy involves trading futures contracts to track the DBIQ Optimum Yield Crude Oil Index Excess Return, which reflects changes in the market value of the crude oil sector.
Net cash flow provided by operating activities was $38.0 million, while net cash flow used in financing activities was $(38.0) million, primarily due to share redemptions.
The fund's market risk is primarily influenced by changes in the prices of commodities, with trading value at risk calculated using historical market movements.
The fund's liquidity is derived from its offering of shares to authorized participants, with significant portions of NAV held in United States Treasury Obligations.
The fund does not anticipate any material changes in liquidity or capital resources in the near future.
The filing also details the fund's exposure to market risk, including trading and non-trading market risks, and the means of managing these risks.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco DB Oil Fund quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.