Derivative Instruments

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Note 7 – Derivative Instruments

The Fair Value of Derivative Instruments is as follows:


	March 31, 2025					December 31, 2024
Risk Exposure/Derivative Type (a)	Assets		Liabilities			Assets		Liabilities
Commodity risk
Commodity Futures Contracts	$	4,135,706	$	(874,888	)	$	1,510,293	$	(987,212	)

(a) Includes cumulative appreciation (depreciation) of commodity futures contracts. Only the current day’s variation margin receivable (payable) is reported in the Statements of Financial Condition, if any.

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	March 31,
Risk Exposure/Derivative Type	Recognized in Income	2025			2024
Commodity risk
Commodity Futures Contracts	Net Realized Gain (Loss)	$	(484,985	)	$	(69,654	)
	Net Change in Unrealized Gain (Loss)		2,737,737			5,846,871
Total		$	2,252,752		$	5,777,217

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


	For the Three Months Ended
	March 31,
	2025		2024
Average Notional Value	$	52,992,027	$	85,226,201

Invesco DB Energy Fund 10-Q