DBE — what changed in the latest 10-Q
A section-by-section comparison of DBE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-06 vs the prior 10-Q · 2026-08-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −41 | ~9 | 82 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 25 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-06
During the nine months ended September 30, 2026 there were no purchases and/or sales of United States Treasury Obligations. During the nine months ended September 30, 2025 there were no purchases of United States Treasury Obligations and $20.0 million was received from sales and maturing United Stat…
The Fund’s net cash flow provided by (used in) financing activities was $29.7 million and $0.2 million during the nine months ended September 30, 2026 and 2025, respectively. This included $58.8 million and $18.0 million from Shares purchased by Authorized Participants and $29.1 million and $17.8 mi…
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
For the three months ended September 30, 2026, the NYSE Arca market value of each Share increased from $26.22 per Share to $36.61 per Share. The Share price low and high for the three months ended September 30, 2026 and related change from the Share
Energy commodities continued to generate very strong positive performance during the third quarter of 2026, led by Brent crude oil, WTI crude oil, and refined products. The June U.S.-Iran ceasefire broke down in early July, prompting renewed military strikes and attacks on energy infrastructure and …
Text removed vs the prior filing · source: 10-Q · 2026-08-07
performance reflects the appreciation and depreciation of those holdings, the Fund’s performance, whether positive or negative, is
driven primarily by its strategy of trading futures contracts with the aim of seeking to track the Index.
During the six months ended June 30, 2026 there were no purchases and/or sales of United States Treasury Obligations. During the six months ended June 30, 2025 there were no purchases of United States Treasury Obligations and $20.0 million was received from sales and maturing United States Treasury …
The Fund’s net cash flow provided by (used in) financing activities was $25.9 million and $5.0 million during the six months ended June 30, 2026 and 2025, respectively. This included $47.3 million and $18.0 million from Shares purchased by Authorized Participants and $21.3 million and $13.1 million …
For the three months ended June 30, 2026, the NYSE Arca market value of each Share decreased from $29.46 per Share to $26.22 per Share. The Share price low and high for the three months ended June 30, 2026 and related change from the Share price on March 31, 2026 was as follows: Shares traded at a l…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice