DBP

Invesco DB Precious Metals Fund
C

94
*Unless otherwise stated, data provided by FactSet.

DBP Fund Description

The Invesco DB Precious Metals Fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBP Factset Analytics Insight

DBP was the first precious metals basket ETF on the market and still comes the closest to capturing the neutral production-weighted space. Like our benchmark, it allocates over 80% of its portfolio to gold and the remainder to silver, ignoring platinum and palladium. The only big difference between DBP and our benchmark is that DBP tries to pick the best contract to hold based on the shape of the futures curve, while our benchmark uses a simple front-month futures strategy. DBP has historically underperformed our benchmark overall, but the difference is minimal. That said, DBP is the most tradable fund in the segment with the lowest average bid/ask spread, so it may prove to be worth its 72 bp fee.

DBP CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 06/21/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBP -1.90% -4.76% -3.50% 0.13% 0.17% -2.52% 1.15%
DBP (NAV) -1.77% -3.83% -3.92% 0.25% 0.11% -2.51% 1.17%
S&P GSCI Precious Metals -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBP Top 10 Holdings

DBP Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.78%
$134.10M
$1.12M
0.09%

DBP Portfolio Data

Futures
Optimized
Annually
--

DBP Index Data

Fixed
Fixed
S&P GSCI Precious Metals

DBP Portfolio Management

0.78%
-1.04%
-0.59%
-1.28%

DBP Tax Exposures

27.84% / 27.84%
--
Yes

DBP 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

DBP Factset Analytics Block Liquidity

As of 06/22/18
5
4
3
2
1

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

DBP Tradability

29,271
$1.12M
10,103
$390.20K
0.09%
$0.04
-0.01%
0.93% / -1.36%
None
100.00%
200,000
0.05
0.01%
--
70
$37.17
5

DBP SECTOR BREAKDOWN


DBP
Segment Benchmark
100.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

DBP TOP 10 TARGETED COMMODITY WEIGHTS

62.98%
25.23%
5.96%
5.03%
0.81%
100.01%

DBP Tenor Strategy

DBP'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.

DBP Rolling Strategy

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

DBP Performance Statistics

0.99
1.05
1.07
1.07
0.00%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.