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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 Invesco DB Base Metals Fund 10-K 12/31/23 54:7.1M Donnelley … Solutions/FA Invesco DB Multi-Sector Commodity Trust |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 1.92M
2: EX-23.1 Consent of Expert or Counsel HTML 17K
7: EX-97 Clawback Policy re: Recovery of Erroneously HTML 38K
Awarded Compensation
3: EX-31.1 Certification -- §302 - SOA'02 HTML 22K
4: EX-31.2 Certification -- §302 - SOA'02 HTML 22K
5: EX-32.1 Certification -- §906 - SOA'02 HTML 20K
6: EX-32.2 Certification -- §906 - SOA'02 HTML 20K
9: R1 Document and Entity Information HTML 91K
10: R2 Statements of Financial Condition HTML 113K
11: R3 Statements of Financial Condition (Parenthetical) HTML 25K
12: R4 Schedule of Investments - Treasury Bills and Money HTML 159K
Market Fund
13: R5 Schedule of Investments - Futures Contracts HTML 81K
14: R6 Statements of Income and Expenses HTML 82K
15: R7 Statement of Changes in Shareholders' Equity HTML 83K
16: R8 Statements of Cash Flows HTML 83K
17: R9 Pay vs Performance Disclosure HTML 30K
18: R10 Insider Trading Arrangements HTML 27K
19: R11 Organization HTML 28K
20: R12 Summary of Significant Accounting Policies HTML 60K
21: R13 Financial Instrument Risk HTML 25K
22: R14 Service Providers and Related Party Agreements HTML 34K
23: R15 Deposits with Commodity Broker and Custodian HTML 24K
24: R16 Additional Valuation Information HTML 121K
25: R17 Derivative Instruments HTML 65K
26: R18 Investments in Affiliates HTML 126K
27: R19 Share Purchases and Redemptions HTML 27K
28: R20 Commitments and Contingencies HTML 22K
29: R21 Financial Highlights HTML 78K
30: R22 Summary of Significant Accounting Policies HTML 84K
(Policies)
31: R23 Summary of Significant Accounting Policies HTML 35K
(Tables)
32: R24 Additional Valuation Information (Tables) HTML 118K
33: R25 Derivative Instruments (Tables) HTML 66K
34: R26 Investments in Affiliates (Tables) HTML 122K
35: R27 Financial Highlights (Tables) HTML 77K
36: R28 Organization - Additional Information (Detail) HTML 31K
37: R29 Summary of Significant Accounting Policies - HTML 64K
Additional Information (Detail)
38: R30 Summary of Significant Accounting Policies - HTML 51K
Schedule of Distributions Per General Share and
Share (Detail)
39: R31 Service Providers and Related Party Agreements - HTML 27K
Additional Information (Detail)
40: R32 Deposits with Commodity Broker and Custodian - HTML 20K
Additional Information (Detail)
41: R33 Additional Valuation Information - Summary of the HTML 45K
Tiered Valuation Input Levels (Detail)
42: R34 Derivative Instruments - Fair Value of Derivative HTML 27K
Instruments (Detail)
43: R35 Derivative Instruments - Effect of Derivative HTML 29K
Instruments on Statements of Income and Expenses
(Detail)
44: R36 Derivative Instruments - Summary of Average HTML 22K
Monthly and Quarterly Notional Value of Future
Contracts Outstanding (Detail)
45: R37 Investments in Affiliates - Additional Information HTML 29K
(Detail)
46: R38 Investments in Affiliates - Summary of HTML 60K
Transactions in, and Earnings from, Investments in
Affiliates (Excluding Affiliated Money Market
Funds) (Detail)
47: R39 Investments in Affiliates - Summary of HTML 22K
Transactions in, and Earnings from, Investments in
Affiliates (Excluding Affiliated Money Market
Funds) (Parenthetical) (Detail)
48: R40 Share Purchases and Redemptions - Additional HTML 23K
Information (Detail)
49: R41 Financial Highlights - Schedule of Net Asset Value HTML 48K
Per Share (Detail)
51: XML IDEA XML File -- Filing Summary XML 95K
54: XML XBRL Instance -- dbb-20231231_htm XML 1.49M
50: EXCEL IDEA Workbook of Financial Report Info XLSX 96K
8: EX-101.SCH XBRL Taxonomy Extension Schema With Embedded XSD 1.70M
Linkbases Document -- dbb-20231231
52: JSON XBRL Instance as JSON Data -- MetaLinks 357± 519K
53: ZIP XBRL Zipped Folder -- 0000950170-24-019050-xbrl Zip 562K
| EX-97 |
Exhibit 97
Invesco DB Agriculture Fund (“DBA”)
Invesco DB Base Metals Fund (“DBB”)
Invesco DB Commodity Index Tracking Fund (“DBC”),
Invesco DB Energy Fund (“DBE”)
Invesco DB Oil Fund (“DBO”)
Invesco DB Precious Metals Fund (“DBP”)
Invesco DB US Dollar Index Bullish Fund (“UUP”) and
Invesco DB US Dollar Index Bearish Fund (“UDN”)
Invesco Galaxy Bitcoin ETF (“BTCO”)
(collectively, the “Funds”)
POLICY FOR RECOUPMENT OF INCENTIVE-BASED COMPENSATION
In accordance with Section 10D of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the regulations thereunder, and applicable exchange listing rules, the Board of Managers (the “Board”) of Invesco Capital Management LLC (the “Company”) as the managing owner and/or sponsor of the Funds, has adopted a policy (the “Policy”) on behalf of each of the Funds providing for the Funds’ recoupment of certain incentive-based compensation received by Covered Executives (as defined below) in the event that a Fund is required to prepare an accounting restatement due to its material noncompliance with any financial reporting requirement under the securities laws.
Administration and enforcement of this Policy is delegated to the Board. Determinations of the Board under this Policy need not be uniform with respect to any or all Covered Executives and will be final and binding.
This Policy shall be effective as of December 1, 2023 (the “Effective Date”).
This Policy covers each current or former officer of the Fund subject to Section 16 of the Exchange Act (each, a “Covered Executive”).[1]
This Policy applies to any incentive-based compensation, including, but not limited to, bonuses, and awards, that is granted, earned or vested, wholly or in part, upon the attainment of any financial reporting measure, received (as defined below) on or after October 2, 2023 (“Covered Compensation”) by a Covered Executive. Financial reporting measures are measures that are determined and presented in accordance with the accounting principles used in preparing the Fund’s financial statements, and any measures that are derived wholly or in part from such measures.
This Policy shall apply to any Covered Compensation received by an employee or officer of the Company who served as a Covered Executive at any time during the performance period for that Covered Compensation, while the Fund has a class of securities listed on a national securities exchange or national securities association.
A Covered Executive will be deemed to have received Covered Compensation in the Fund’s fiscal period during which the financial reporting measure specified in the award is attained, even if payment or grant of the Covered Compensation occurs after the end of that period.
In the event that the Board of the Company determines the Fund is required to prepare an accounting restatement due to the material noncompliance of the Fund with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period (such
1
an accounting restatement, a “Restatement”), the Board shall review the Covered Compensation received by a Covered Executive during the three-year period preceding the Required Financial Restatement Date (as defined below). Regardless of whether the Company filed the restated financial statements, the Board shall, reasonably promptly and to the full extent permitted by governing law, seek recoupment of any Covered Compensation, whether in the form of cash or equity, awarded or paid to a Covered Executive (computed without regard to any taxes paid), if and to the extent:
If the achievement of a certain financial result was considered in determining the Covered Compensation awarded or paid, but the Covered Compensation is not awarded or paid on a formulaic basis, the Board shall determine in its sole discretion the amount, if any, by which the payment or award should be reduced or recouped.
For purposes of this Policy, the “Required Financial Restatement Date” is the earlier to occur of:
For the avoidance of doubt, a Covered Executive will be deemed to have received Covered Compensation in the Fund’s fiscal period during which the financial reporting measure specified in the award is attained, even if the Covered Executive remains subject to additional payment conditions with respect to such award.
The Board will determine, in its sole discretion, the method for recouping erroneously awarded Covered Compensation, which may include, without limitation:
For purposes hereof, “Equity Proceeds” means all proceeds realized by a Covered Executive (i) in connection with the vesting or settlement of restricted stock awards, restricted stock units or other stock-based awards (including, for the avoidance of doubt, any performance awards) of the Company and (ii) from the sale of shares of a Fund, in each case previously obtained as incentive compensation.
The Board shall not seek recoupment of any erroneously awarded Covered Compensation to the extent that, in accordance with applicable federal securities laws and exchange listing rules, it determines that:
2
The Funds shall not indemnify any Covered Executive against the loss of any erroneously awarded Covered Compensation or any Covered Compensation that is recouped pursuant to the terms of this Policy, or any claims relating to a Fund’s enforcement of its rights under this Policy.
The Funds shall make all required disclosures and filings with respect to this Policy in accordance with the requirements of the federal securities laws.
If any provision of this Policy or the application of any such provision to any Covered Executive shall be adjudicated to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Policy, and the invalid, illegal or unenforceable provisions shall be deemed amended to the minimum extent necessary to render any such provision or application enforceable.
The Board may amend, modify or terminate this Policy in whole or in part at any time in its sole discretion and may adopt such rules and procedures that it deems necessary or appropriate to implement this Policy or to comply with applicable laws and regulations.
The remedies under this Policy are in addition to, and not in lieu of, any legal and equitable claims a Fund may have or any actions that may be imposed by law enforcement agencies, regulators or other authorities. The Funds may adopt additional recoupment provisions in the future or amend existing requirements as required by law or regulation.
[1] The Funds do not have employees or officers; however, certain officers of the Company have been identified by the Board as named executive officers of the Funds within the meaning of Section 16 under the Exchange Act.
3
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed as of: | 2/23/24 | 10-K | ||
| Filed on: | 2/22/24 | 10-K | ||
| For Period end: | 12/31/23 | 10-K | ||
| 12/1/23 | ||||
| 10/2/23 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/06/20 Invesco DB Base Metals Fund 10-Q 9/30/20 53:7.4M ActiveDisclosure/FA 5/19/20 Invesco DB Multi-Sector Commo… Tr 8-K:1,5,9 5/18/20 13:404K Donnelley … Solutions/FA 2/28/20 Invesco DB Base Metals Fund 10-K 12/31/19 56:6.7M ActiveDisclosure/FA 10/01/19 Invesco DB Multi-Sector Commo… Tr 8-K:1,9 10/01/19 14:783K Donnelley … Solutions/FA 6/04/18 Invesco DB Multi-Sector Commo… Tr 8-K:5,9 6/04/18 2:72K Donnelley … Solutions/FA 6/20/16 Invesco DB Energy Fund 8-K:1,5,9 6/20/16 3:102K Donnelley … Solutions/FA 2/26/15 Invesco DB Multi-Sector Commo… Tr 8-K:1,9 2/23/15 3:220K Donnelley … Solutions/FA 2/25/15 Invesco DB Precious Metals Fund 8-K:5,8,9 2/24/15 2:857K Donnelley … Solutions/FA 12/14/06 DB Multi-Sector Commodity Mas… Tr S-1/A¶ 17:6.5M Donnelley … Solutions/FA |