DGL

PowerShares DB Gold Fund
CLOSING PRICECHANGE (%)VOLUME
$40.07-0.23 (-0.57%)49.10K
4:00:00 p.m. (ET) 05/23/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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Overall Rating

C

50
as of 05/23/17

Rating Details

75
94
50
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

DGL Fund Description

The PowerShares DB Gold Fund tracks an index of gold futures contracts. To minimize contango, it optimizes its contract selection based on the shape of the futures curve.

DGL FactSet Analytics Insight

DGL is in a class of its own as the onlyDGL is the only gold-specific commodity pool available gold-specific commodity pool available. Unlike competing funds that hold physical bullion, DGL uses futures contracts to get exposure to gold. The fund attempts to optimize its exposure by dynamically choosing its futures contracts to optimize away any potential roll costs stemming from contango. It charges 72 bps to do so, which is close to 3x the cheapest fund in the segment. Because DGL is a commodities pool, investors who hold it will receive a K-1 come tax-time—a deal-breaker for some investors. It may not be the choice for everyone, but it is a different way to play gold, and seems to have filled a niche in the segment, with $150M in assets and enough liquidity to be a useful trading tool.

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

DGL Summary Data

01/05/07
Commodities Pool
0.78%
$152.39 M
$4.11 M
0.07%

DGL Portfolio Data

Futures
Optimized
N/A
1

DGL Index Data

DBIQ Optimum Yield Gold Index Total Return
Single Asset
Single Asset
Gold Spot

Related ETFs to DGL

GLDI, GLD, IAU, SGOL, OUNZ
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DGL Portfolio Management

0.78%
-1.00%
-0.63%
-1.23%

DGL Tax Exposures

27.84% / 27.84%
--
Yes

DGL 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
14:20:4440.18600
14:20:4440.18100
14:17:5340.18100
14:15:2840.18200
14:10:2640.16300
14:10:2640.16100
14:09:4040.16300
14:09:4040.16100
14:02:0940.18300
14:02:0940.18100
Bats BZX Real-time Quote - 18:29:38
Average Spread
Premium/Discount
Volume

DGL FactSet Analytics Block Liquidity

As of 05/23/17
5
4
3
2
1

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

DGL Tradability

99,771
$4.11 M
38,654
$1.62 M
0.07%
$0.03
-0.00%
1.68% / -1.74%
None
100.00%
200,000
0.19
0.01%
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534
$40.30
5

DGL Performance Statistics

0.64
0.86
0.97
0.91
0.01%