DBC

PowerShares DB Commodity Index Tracking Fund
D

61
  • Overview
  • Efficiency
  • Tradability
  • Fit

DBC Fund Description

The PowerShares DB Commodity Index Tracking Fund tracks an index of 14 commodities. It uses futures contracts to maintain exposure and selects them based on the shape of the futures curve to minimize contango.

DBC Factset Analytics Insight

DBC thoughtfully addresses the two thorniest problems in commodities: weighting and roll costs. The most market-like approach, production weighting, allocates heavily to consumables like oil at the expense of storables like gold. DBC threads the needle by capping energy’s economic dominance at 60%, yet allowing for a diversified portfolio. DBC aims to turn short-term contracts into a long-term investment carefully, by picking the cheapest of the tenors available for each of its contracts. This mitigates roll costs, but in cases where DBC selects long-term contracts, it can sacrifice responsiveness to short-term price movements. Note that DBC’s approach tends to trail our vanilla benchmark with its steep expense ratio creating a high hurdle to break-even. DBC's awesome liquidity, however, helps it win Analyst Pick. Expect a K-1 at tax time.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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DBC Top 10 Contracts

DBC Summary Data

02/03/06
Commodities Pool
0.89%
$2.20B
$31.37M
0.06%

DBC Portfolio Data

Futures
Optimized
Annually
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DBC Index Data

Fixed
Fixed
S&P GSCI

Related ETFs to DBC

USCI, GSC, BCM, COM, SBV
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DBC Portfolio Management

0.89%
-1.30%
-0.75%
-2.46%

DBC Tax Exposures

27.84%
--
Yes

DBC Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5815.831,849
15:59:5015.84500
15:59:5015.84600
15:59:5015.84200
15:59:5015.84100
15:59:4815.84354
15:59:4315.84750
15:59:4315.841,250
15:59:4315.84200
15:59:3215.841,200
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

DBC Factset Analytics Block Liquidity

As of 12/15/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DBC. DBC is rated a 5 out of 5.

DBC Tradability

1,944,888
$31.37M
1,457,613
$23.94M
0.06%
$0.01
-0.01%
0.36% / -0.42%
None
100.00%
200,000
7.29
0.02%
--
31,942
$15.84
5

DBC Tenor Strategy

DBC's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

DBC Performance Statistics

0.93
0.80
0.78
0.80
0.00%

DBC Rolling Strategy

DBC rolls contracts between the 2nd and 6th business days each month.