Derivative Instruments

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Note 7 – Derivative Instruments

The Fair Value of Derivative Instruments is as follows:


	September 30, 2024					December 31, 2023
Risk Exposure/Derivative Type (a)	Assets		Liabilities			Assets		Liabilities
Commodity risk
Commodity Futures Contracts	$	27,396	$	(2,880,715	)	$	217,519	$	(2,633,525	)

(a) Includes cumulative appreciation (depreciation) of commodity futures contracts. Only the current day’s variation margin receivable (payable) is reported in the September 30, 2024 and December 31, 2023 Statements of Financial Condition.

The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:


		For the Three Months Ended
	Location of Gain (Loss) on Derivatives	September 30,
Risk Exposure/Derivative Type	Recognized in Income	2024			2023
Commodity risk
Commodity Futures Contracts	Net Realized Gain (Loss)	$	900,840		$	76,190
	Net Change in Unrealized Gain (Loss)		(8,402,230	)		12,769,285
Total		$	(7,501,390	)	$	12,845,475


		For the Nine Months Ended
	Location of Gain (Loss) on Derivatives	September 30,
Risk Exposure/Derivative Type	Recognized in Income	2024			2023
Commodity risk
Commodity Futures Contracts	Net Realized Gain (Loss)	$	(2,678,224	)	$	(16,771,690	)
	Net Change in Unrealized Gain (Loss)		(437,313	)		13,523,519
Total		$	(3,115,537	)	$	(3,248,171	)

The table below summarizes the average monthly notional value of futures contracts held during the period:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Average Notional Value	$	59,465,658	$	86,285,674	$	75,331,288	$	96,592,367

Invesco DB Energy Fund 10-Q