DBBInvesco DB Base Metals Fund
DBB Fund Description
DBB tracks an index of three base metal futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.
DBB Factset Analytics Insight
DBB reflects the performance of industrial-metals commodity futures. As a commodity pool, it holds a basket of futures directly, but also distributes a complicated K-1 tax form at year-end. DBB holds just three equally weighted metals — aluminum, copper and zinc. That sets it apart from its production-weighted benchmark, which also includes nickel and lead, and DBB's equal weighting strategy gives zinc a sizeable bump at the expense of copper. DBB optimizes its contract selection to minimize the effects of contango, though that could also make it less sensitive to spot prices compared to a front-month strategy. The fund and the index are rebalanced and reconstituted annually in November.
DBB Portfolio Data
DBB Index Data
DBB Portfolio Management
DBB Tax Exposures
DBB Fund Structure
DBB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBB. DBB is rated a 5 out of 5.
DBB Sector Breakdown
DBB Top 10 Targeted Commodity Weights
DBB Tenor Strategy
DBB'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.
DBB Rolling Strategy
DBB rolls contracts between the 2nd and 6th business days each month.