$DBB
INVESCO DB BASE METALS FUND

2024 Q1 Form 10-K Financial Statement

#000095017024019050 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.622M $10.98M
YoY Change -55.41% 87.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $220.1K $1.502M
YoY Change -53.14% -55.39%
Operating Profit $1.414M $9.598M
YoY Change -55.89% 259.62%
Interest Expense $2.315K $42.64K
YoY Change -59.54% 695.97%
% of Operating Profit 0.16% 0.44%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$2.247M -$6.031M
YoY Change -138.58% -90.86%
Net Earnings / Revenue -138.57% -54.9%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 6.600M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $125.0M $127.1M
YoY Change -61.28% -61.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $6.562M $5.490M
YoY Change -93.34% -94.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $118.4M $121.6M
YoY Change
Total Liabilities & Shareholders Equity $125.0M $127.1M
YoY Change -61.28% -61.22%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.247M -$6.031M
YoY Change -138.58% -90.86%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.294M $96.27M
YoY Change -77.52% -51.11%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $395.9K $8.776M
YoY Change 294.79%
Common Stock Issuance & Retirement, Net $89.46M
YoY Change -53.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.294M -98.23M
YoY Change -83.24% -49.61%
NET CHANGE
Cash From Operating Activities 1.294M 96.27M
Cash From Investing Activities
Cash From Financing Activities -1.294M -98.23M
Net Change In Cash 0.000 -1.965M
YoY Change -100.0% -200.0%
FREE CASH FLOW
Cash From Operating Activities $1.294M $96.27M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
70885
CY2022 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
107728
CY2021 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
83746
CY2023 us-gaap Interest Expense
InterestExpense
42640
CY2022 us-gaap Interest Expense
InterestExpense
5357
CY2021 us-gaap Interest Expense
InterestExpense
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CY2023 us-gaap Operating Expenses
OperatingExpenses
1501788
CY2022 us-gaap Operating Expenses
OperatingExpenses
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CY2021 us-gaap Operating Expenses
OperatingExpenses
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CY2023 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
115867
CY2022 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
184876
CY2021 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
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CY2023 dbb Operating Expenses Net
OperatingExpensesNet
1385921
CY2022 dbb Operating Expenses Net
OperatingExpensesNet
3181942
CY2021 dbb Operating Expenses Net
OperatingExpensesNet
2800136
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
9598305
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
2669021
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-2689480
CY2022 dbb Realized Investment Gain Loss Affiliated Investments
RealizedInvestmentGainLossAffiliatedInvestments
11254
CY2021 dbb Net Realized Gain Loss On Capital Gain Distributions From Affiliated Investments
NetRealizedGainLossOnCapitalGainDistributionsFromAffiliatedInvestments
6116
CY2023 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-55580401
CY2022 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
20907936
CY2021 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
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CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-55580401
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
20919190
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
66444872
CY2023 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
5837
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
44336
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-2940
CY2023 dbb Unrealized Gain Loss On Affiliated Investments
UnrealizedGainLossOnAffiliatedInvestments
50297
CY2022 dbb Unrealized Gain Loss On Affiliated Investments
UnrealizedGainLossOnAffiliatedInvestments
-92109
CY2021 dbb Unrealized Gain Loss On Affiliated Investments
UnrealizedGainLossOnAffiliatedInvestments
-18499
CY2023 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
39895432
CY2022 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-89540771
CY2021 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
16836227
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
39951566
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-89588544
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
16814788
CY2023 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
-15628835
CY2022 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
-68669354
CY2021 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
83259660
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6030530
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-66000333
CY2021 us-gaap Net Income Loss
NetIncomeLoss
80570180
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
224275410
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
106662444
CY2023 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
194153717
CY2023 dbb Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
-87491273
CY2023 us-gaap Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
9171620
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
9598305
CY2023 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
-55580401
CY2023 us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
39951566
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6030530
CY2023 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
-102693423
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
121581987
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
487186183
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
252963317
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
447650859
CY2022 dbb Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
-194687542
CY2022 us-gaap Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
2222898
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
2669021
CY2022 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
20919190
CY2022 us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
-89588544
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-66000333
CY2022 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
-262910773
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
224275410
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
173836791
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
326772681
CY2021 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
93993469
CY2021 dbb Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
232779212
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-2689480
CY2021 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
66444872
CY2021 us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
16814788
CY2021 us-gaap Net Income Loss
NetIncomeLoss
80570180
CY2021 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
313349392
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
487186183
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6030530
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-66000333
CY2021 us-gaap Net Income Loss
NetIncomeLoss
80570180
CY2023 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
252450783
CY2022 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
453853834
CY2021 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
258959856
CY2023 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
347000000
CY2022 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
422007200
CY2021 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
213000000
CY2023 dbb Cost Of Affiliated Investments Purchased
CostOfAffiliatedInvestmentsPurchased
375702388
CY2022 dbb Cost Of Affiliated Investments Purchased
CostOfAffiliatedInvestmentsPurchased
556401427
CY2021 dbb Cost Of Affiliated Investments Purchased
CostOfAffiliatedInvestmentsPurchased
537143028
CY2023 dbb Proceeds From Affiliated Investments Sold
ProceedsFromAffiliatedInvestmentsSold
486004546
CY2022 dbb Proceeds From Affiliated Investments Sold
ProceedsFromAffiliatedInvestmentsSold
710462727
CY2021 dbb Proceeds From Affiliated Investments Sold
ProceedsFromAffiliatedInvestmentsSold
289139208
CY2023 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-4277568
CY2022 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-2285606
CY2021 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-65379
CY2022 dbb Realized Gain Loss On Marketable Securities And Affiliated Investments
RealizedGainLossOnMarketableSecuritiesAndAffiliatedInvestments
11254
CY2023 dbb Unrealized Gain Loss On Marketable Securities Affiliated Investments And Derivatives And Commodity Contracts
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts
39951566
CY2022 dbb Unrealized Gain Loss On Marketable Securities Affiliated Investments And Derivatives And Commodity Contracts
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts
-89588544
CY2021 dbb Unrealized Gain Loss On Marketable Securities Affiliated Investments And Derivatives And Commodity Contracts
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts
16814788
CY2023 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
-321033
CY2022 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
519727
CY2021 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
5337
CY2023 us-gaap Increase Decrease In Trading Liabilities
IncreaseDecreaseInTradingLiabilities
-58579096
CY2022 us-gaap Increase Decrease In Trading Liabilities
IncreaseDecreaseInTradingLiabilities
69080966
CY2021 us-gaap Increase Decrease In Trading Liabilities
IncreaseDecreaseInTradingLiabilities
-2697606
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-67079
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-156434
CY2021 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
197021
CY2023 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
429
CY2022 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-382
CY2021 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
373
CY2022 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
15000000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96266998
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196910440
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-232779212
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
8775725
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
2222898
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
106662444
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
252963317
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
326772681
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
196118350
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
445686226
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
93993469
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-98231631
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-194945807
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
232779212
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1964633
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1964633
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1964633
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1964633
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2023 us-gaap Interest Paid Net
InterestPaidNet
42640
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5357
CY2021 us-gaap Interest Paid Net
InterestPaidNet
54
CY2006Q3 dbb Number Of Series Of Trusts
NumberOfSeriesOfTrusts
7
CY2015Q1 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
40
CY2023 dbb Treasury Obligation Measurement Maximum Maturity Period
TreasuryObligationMeasurementMaximumMaturityPeriod
P12M
CY2023 dbb Minimum Number Of Creation Units Of Shares That Can Be Purchased
MinimumNumberOfCreationUnitsOfSharesThatCanBePurchased
1
CY2023 dbb Number Of Shares Issued Per Creation Unit
NumberOfSharesIssuedPerCreationUnit
50000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:-18pt;padding-left:18pt;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">B. Accounting Estimates</span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are issued.</span></p>
CY2023 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-12-22
CY2023 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2023-12-19
CY2023Q4 us-gaap Distribution Payable
DistributionPayable
395895
CY2023 dbb Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
13.00
CY2022 dbb Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
13.00
CY2021 dbb Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
13.00
CY2023Q4 us-gaap Trading Liabilities
TradingLiabilities
4329738
CY2022Q4 dbb Trading Assets
TradingAssets
62908834
CY2023 dbb Management Fee Per Annum Of Daily Net Assets
ManagementFeePerAnnumOfDailyNetAssets
0.0075
CY2023 us-gaap Investment Company Fee Waiver Terms
InvestmentCompanyFeeWaiverTerms
The Managing Owner has contractually agreed to waive indefinitely the fees that it receives in an amount equal to the indirect management fees that the Fund incurs through its investments in affiliated money market mutual funds and/or affiliated T-Bill ETFs. The Managing Owner may terminate this fee waiver on 60 days’ notice.
CY2023 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
115867
CY2022 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
184876
CY2021 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
37544
CY2023 us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Note 5 - Deposits with Commodity Broker and Custodian</span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Fund defines cash as cash held by the Custodian. There were </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">no</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> cash equivalents held by the Fund as of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">December 31, 2023 and 2022. The Fund considers investments in money market funds to be investments in securities and, accordingly, includes them in its Schedule of Investments.</span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Fund may deposit cash, United States Treasury Obligations, T-Bill ETFs and money market mutual funds with the Commodity Broker as margin, to the extent permissible under CFTC rules. The combination of the Fund’s deposits with its Commodity Broker of cash and United States Treasury Obligations and the unrealized profit or loss on open futures contracts represents the Fund’s overall equity in its broker trading account. To meet the Fund’s maintenance margin requirements, the Fund holds United States Treasury Obligations with the Commodity Broker. The Fund transfers cash to the Commodity Broker to satisfy variation margin requirements. The Fund earns interest on any excess cash deposited with the Commodity Broker and incurs interest expense on any deficit balance with the Commodity Broker.</span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The brokerage agreement with the Commodity Broker provides for the net settlement of all financial instruments covered by the agreement in the event of default or termination of any one contract. The Managing Owner will utilize any excess cash held at the Commodity Broker to offset any realized losses incurred in the commodity futures contracts, if available. To the extent that any excess cash held at the Commodity Broker is not adequate to cover any realized losses, a portion of the United States Treasury Obligations</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">and T-Bill ETFs, if any, on deposit with the Commodity Broker will be sold to make additional cash available. For financial reporting purposes, the Fund offsets financial assets and financial liabilities that are subject to legally enforceable netting arrangements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Fund’s remaining cash, United States Treasury Obligations, T-Bill ETFs and money market mutual fund holdings are on deposit with the Custodian. The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with the Custodian. The Fund incurs interest expense on any overdraft balance with the Custodian. Such balances, if any at period-end, are shown on the Statements of Financial Condition under the payable caption </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Due to custodian</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">.</span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Because the Fund's assets are maintained with the Commodity Broker and Custodian, the distress, impairment or failure of the Commodity Broker or Custodian could result in the loss of or delay in access to Fund assets.</span></p>
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2023Q4 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
55916139
CY2023Q4 dbb Financial Instruments Owned Exchange Traded Fund
FinancialInstrumentsOwnedExchangeTradedFund
20043829
CY2023Q4 dbb Financial Instruments Owned Money Market Mutual Fund At Fair Value
FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue
33302006
CY2023Q4 dbb Investments In Securities
InvestmentsInSecurities
109261974
CY2023Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
2605074
CY2023Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
-683289
CY2023Q4 dbb Financial Instruments Owned At Fair Value Others
FinancialInstrumentsOwnedAtFairValueOthers
1921785
CY2023Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
111183759
CY2022Q4 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
146181951
CY2022Q4 dbb Financial Instruments Owned Exchange Traded Fund
FinancialInstrumentsOwnedExchangeTradedFund
19993532
CY2022Q4 dbb Financial Instruments Owned Money Market Mutual Fund At Fair Value
FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue
143604164
CY2022Q4 dbb Investments In Securities
InvestmentsInSecurities
309779647
CY2022Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
426498
CY2022Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
-38400145
CY2022Q4 dbb Financial Instruments Owned At Fair Value Others
FinancialInstrumentsOwnedAtFairValueOthers
-37973647
CY2022Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
271806000
CY2023 dbb Minimum Number Of Creation Units Of Shares That Can Be Purchased
MinimumNumberOfCreationUnitsOfSharesThatCanBePurchased
1
CY2023 dbb Number Of Shares Redeemable Per Creation Unit
NumberOfSharesRedeemablePerCreationUnit
50000
CY2023 dbb Minimum Number Of Creation Units Of Shares That Can Be Redeemed
MinimumNumberOfCreationUnitsOfSharesThatCanBeRedeemed
1
CY2023 dbb Number Of Shares Redeemable Per Creation Unit
NumberOfSharesRedeemablePerCreationUnit
50000
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
19.50
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
22.14
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
17.21
CY2023 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.89
CY2022 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-2.60
CY2021 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
5.08
CY2023 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.99
CY2022 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.14
CY2021 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.15
CY2023 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
0.10
CY2022 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-2.46
CY2021 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
4.93
CY2023 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
-1.32
CY2022 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
-0.18
CY2023Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
18.28
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
19.50
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
22.14
CY2022Q4 dbb Market Value Per Share
MarketValuePerShare
19.57
CY2021Q4 dbb Market Value Per Share
MarketValuePerShare
22.18
CY2020Q4 dbb Market Value Per Share
MarketValuePerShare
17.25
CY2023Q4 dbb Market Value Per Share
MarketValuePerShare
18.31
CY2022Q4 dbb Market Value Per Share
MarketValuePerShare
19.57
CY2021Q4 dbb Market Value Per Share
MarketValuePerShare
22.18
CY2023 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0519
CY2022 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0062
CY2021 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
-0.0073
CY2023 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0075
CY2022 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0073
CY2021 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0076
CY2023 dbb Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0081
CY2022 dbb Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0078
CY2021 dbb Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0077
CY2023 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0074
CY2022 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.1109
CY2021 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.2865
CY2023 dbb Return At Market Value
ReturnAtMarketValue
0.0056
CY2022 dbb Return At Market Value
ReturnAtMarketValue
-0.1093
CY2021 dbb Return At Market Value
ReturnAtMarketValue
0.2858
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 dbb Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 dbb Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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