DBC expands index to 28 commodities; H1 2026 net income surges to -$147.9M on energy rally

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income rose to $219.9M for the six months ended June 30, 2026 (vs. $18.0M prior year), driven by $319.7M in realized gains as the fund captured energy price surges from U.S.-Iran tensions and Strait of Hormuz closure.

  MD&A: Six-month performance verify on EDGAR →
• high

  Index expanded from 14 to 28 commodities effective November 10, 2025, adding livestock (feeder cattle, lean hogs, live cattle), soft commodities (cocoa, coffee, cotton), and metals (platinum, lead, nickel), with new dynamic weighting based on liquidity and production volume replacing fixed 1997 proportions.

  MD&A: Index methodology verify on EDGAR →
• high

  Six-month NAV total return reached +18.75% (vs. +2.11% prior year) as the Index gained 17.24%, led by energy commodities that surged on geopolitical risk premiums before partially retracing in Q2 on ceasefire optimism.

  MD&A: NAV performance verify on EDGAR →