Item 1.01 Entry Into a Material Definitive Agreement.
Amendment to Participant Agreement
On September 30, 2020, Invesco Capital Management LLC (the "Managing Owner"),
the Invesco DB Commodity Index Tracking Fund (the "Fund") and each of the other
Invesco DB exchange-traded commodity pools executed an amendment to the
Participant Agreements currently in place with each financial institution
eligible to conduct creation and redemption transactions directly with the Fund
("Authorized Participant"). The purpose of the Amendment is to revise Attachment
A to the Participant Agreement to change the number of common units of
beneficial interest ("Shares") that currently comprise the large blocks of
Shares issued or redeemed by the Fund to an Authorized Participant ("Creation
Units") from 200,000 Shares to 100,000 Shares, or such other size as the
Managing Owner may determine in the future, with such change effective as of
market open on November 2, 2020.
The Participant Agreement governs the relationship between the Fund and an
Authorized Participant and sets forth the procedures for the creation and
redemption of Creation Units and for the delivery of cash required for such
creations or redemptions. The Managing Owner may delegate its duties and
obligations under a Participant Agreement to Invesco Distributors, Inc. or The
Bank of New York Mellon (the administrator and transfer agent to the Fund)
without consent from any Authorized Participant. The Participant Agreement may
be amended by the Managing Owner only with the consent of an Authorized
Participant, while the procedures attached thereto, including Attachment A, may
be amended with notice to an Authorized Participant. Shareholder consent is not
required in either case.
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