Invesco DB Commodity Index Tracking Fund

What Do They Do?

Offers eligible financial institutions shares in a fund that invests in commodity futures to track a diversified commodity index.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

The Fund offers shares only to eligible financial institutions, called Authorized Participants, in blocks of 50,000 shares.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue.

Operating income, FY2025

80% of revenue

▼ −40% vs FY2024 ($69.1M, 84%)

Net income, FY2025

179% of revenue

▲ +313% vs FY2024 ($22.4M, 27%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +34%; vs $12.4M in Q2 FY2025
Net income: ▲ +189% (Loss); vs −$51.2M in Q2 FY2025

Growing. Revenue grew 65.2x in 4 years, from $794.7K in FY2021 to $51.8M in FY2025, about 184% a year.

Index weighting approach The older report says commodity weights followed historical proportions; the latest describes weighting based on futures-market liquidity and commodity production.

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