Company Directory - Invesco DB Precious Metals Fund
Company Details - Invesco DB Precious Metals Fund
Invesco DB Precious Metals Fund
WebsiteInvesco DB Precious Metals Fund is an investment fund managed by Invesco that primarily focuses on investing in precious metals, including gold. The fund aims to provide investors with a means of gaining exposure to the price movements of these metals, which can act as a hedge against inflation and market volatility.
CCI Score
CCI Score: Invesco DB Precious Metals Fund
-21.46
0.01%
Latest Event
Settlement for ERISA Violations by Invesco Trust
The U.S. Department of Labor's Employee Benefits Security Administration reached a settlement with an Invesco Trust subsidiary, requiring a payment of $10.27 million to compensate ERISA plan investors. The settlement addressed undisclosed support measures and retention of income that artificially maintained fund values at $1, despite underlying losses, and mandates enhanced disclosure practices.
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ACCOMPLICE
Invesco DB Precious Metals Fund is currently rated as an Accomplice.
Latest Events
- JAN202025
The U.S. Department of Labor's Employee Benefits Security Administration reached a settlement with an Invesco Trust subsidiary, requiring a payment of $10.27 million to compensate ERISA plan investors. The settlement addressed undisclosed support measures and retention of income that artificially maintained fund values at $1, despite underlying losses, and mandates enhanced disclosure practices.
-40
Business Practices and Ethical Responsibility
April 2
Invesco Trust engaged in unethical business practices by failing to adequately disclose key financial support measures, misallocating fund income, and thereby harming ERISA plan investors. Although the settlement compels corrective action, the underlying misconduct represents a significant breach of ethical responsibility.
- NOV082024
On November 8, 2024, the SEC charged Invesco Advisers, linked to Invesco DB Precious Metals Fund, for making misleading statements regarding the percentage of assets that were ESG integrated between 2020 and 2022, resulting in a cease and desist order, a censure, and a $17.5 million civil penalty.
-50
Business Practices and Ethical Responsibility
April 2
Invesco Advisers deliberately overstated their ESG integration percentages in marketing materials, misleading clients and investors. This misrepresentation undermines corporate transparency and ethical responsibility, key components of fair business practices, and could contribute to eroding public trust in sustainable investment claims.
- NOV072023
According to OpenSecrets data, Invesco Ltd PAC received 965 large contributions ($200+) during the 2023-2024 election cycle. The report provides transparency into the significant political donations associated with Invesco, though it does not detail any ideological leaning towards authoritarianism or far‑right policies.
+0
Political Contributions and Lobbying Efforts
April 2
The data from OpenSecrets highlights substantial political contributions to Invesco Ltd PAC. However, there is no clear indication that these contributions are being used to support far‑right or authoritarian agendas. In the absence of further context regarding the ideological impact of these donations, the action is rated neutrally from an anti‑fascist perspective.
- JAN012023
The FEC Disclosure Form 3X for Invesco Holding Company (US), Inc. Employee Political Action Committee details financial activity, including cash on hand as of January 1, 2023, receipts, and disbursements. The report reflects standard political contribution disclosure practices without clear evidence of supporting authoritarian or far‐right initiatives.
+0
Political Contributions and Lobbying Efforts
April 2
The disclosed financial data from the employee political action committee is a routine political contribution disclosure that does not indicate a deliberate effort to support authoritarian or far‐right policies. It reflects standard transparency in political contributions.
FEC Disclosure Form 3X for Invesco Holding Company (US), Inc. Employee Political Action Committee
- JUN012022
Invesco published its U.S. Policy Statement on Political Activities outlining the company's guidelines on political contributions, lobbying efforts, and employee engagement in political action. The document specifies that corporate funds are not used for partisan contributions and underscores a structured approach to political engagement and compliance, emphasizing transparency and adherence to legal requirements.
+30
Political Contributions and Lobbying Efforts
April 2
The policy statement details Invesco's framework for political contributions and lobbying efforts, emphasizing that corporate funds are not used in a partisan manner and that activities are conducted transparently and in accordance with legal standards. This clear commitment to non-partisan practices and adherence to regulations can be viewed as a positive measure against potential authoritarian influence.
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