INVESCO DB BASE METALS FUND (DBB) Form 10-Q — Aug 6, 2026
Invesco DB Base Metals Fund filed its 10-Q for the quarter ended June 30, 2026, showing total assets of $365.0 million, up from $202.8 million at year-end 2025, with NAV per share rising from $22.88 to $24.08 and shares outstanding climbing to 14.45 million from 8.85 million. Second-quarter net income was $4.6 million versus roughly breakeven a year earlier, lifting six-month net income to $5.1 million; total return at NAV was +2.69% for the quarter and +5.24% for the first half, driven by copper and zinc gains supported by electrification, power grid upgrades, and AI-related infrastructure demand.
Key figures
- Net Income
- $5.1 million for the six months ended June 30, 2026 (vs $2.0 million prior-year period); $4.6 million for Q2 2026 (vs ~$0.0 million)
- Total Assets
- 365004175
- Cash Position
- 5984500
- Shares Outstanding
- 14450000
- Fund Weights
- Aluminum 27.98%, Copper 23.67%, Copper-Grade A 24.68%, Primary Nickel 11.10%, Zinc 8.62%, Lead 3.95%
- Nav Per Share
- 24.08
- Creation Unit Size
- 50000
- Money Market Yield
- 3.57% 7-day SEC standardized yield
- Management Fee Rate
- 0.75% per annum of daily NAV
- Market Value Per Share
- 24.11
- Nav Per Share Dec312025
- 22.88
- Expenses After Waivers Q2
- 0.70%
- Q2 Net Income Vs Prior Year
- $4.6 million vs $0.0 million
- Shares Created Six Months
- $254.3 million
- Money Market Fund Holdings
- 314231596
- Q2 Creation Units Redeemed
- 2,450,000 shares at $24.89 average price
- Shares Redeemed Six Months
- $104.4 million
- Total Return At Nav Six Months
- +5.24%
- Deposit With Commodity Broker
- 33659777
- Total Return At Market Value Six Months
- +5.10%
Price after filing
Close on the filing date to close N calendar days later (from $25.54). Historical, not a forecast.
AI analysis
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