DBO

Invesco DB Oil Fund
C

82
*Unless otherwise stated, data provided by FactSet.

DBO Fund Description

The Invesco DB Oil Fund tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBO Factset Analytics Insight

DBO is a large and liquid ETP that gets access to WTI oil using a "next generation" futures strategy. DBO gets exposure to the price of oil using future contracts, and futures-based exposure is subject to negative roll yield or decay when the futures curve is upsloping. DBO optimizes exposure to the curve to combat contango by rolling into whichever contract month (within the next 13) looks most attractive by its rules, rather than rolling front-month contracts. The fund enjoys ample liquidity for institutional and retail investors, with manageable spreads and reasonable daily volume. DBO charges a low fee for its segment and has attracted strong investor interest, but tracking can be very unsteady. Like many of its competitors, DBO is structured as a commodity pool, so it reports capital gains on a K-1 at a 60/40 blended rate.

DBO CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBO 1.88% 1.97% 17.44% 48.07% -2.55% -15.39% -13.19%
DBO (NAV) 1.62% 2.02% 16.72% 47.70% -2.54% -15.39% -13.19%
MSCI China IMI Financials 5.34% 1.61% 16.45% 48.03% -5.30% -17.68% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBO Top 10 Holdings

DBO Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.78%
$356.33M
$14.65M
0.08%

DBO Portfolio Data

Futures
Optimized
N/A
--

DBO Index Data

Single Asset
Single Asset
MSCI China IMI Financials

DBO Portfolio Management

0.78%
-1.12%
-0.11%
-2.56%

DBO Tax Exposures

27.84% / 27.84%
--
Yes

DBO Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DBO Factset Analytics Block Liquidity

As of 07/19/18
5
4
3
2
1

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

DBO Tradability

1,205,992
$14.65M
348,544
$4.21M
0.08%
$0.01
-0.10%
0.84% / -1.34%
None
100.00%
200,000
1.74
0.02%
--
2,556
$11.92
5

DBO SECTOR BREAKDOWN


DBO
Segment Benchmark
100.00%
100.00%

DBO TOP 10 TARGETED COMMODITY WEIGHTS

45.14%
28.26%
10.01%
9.16%
6.51%
0.87%
0.04%
99.99%

DBO Tenor Strategy

DBO'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.

DBO Rolling Strategy

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

DBO Performance Statistics

0.92
0.84
0.88
1.03
0.00%