DBC

Invesco DB Commodity Index Tracking Fund
N/A

73
*Unless otherwise stated, data provided by FactSet.

DBC Fund Description

The Invesco 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.

DBC 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 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBC 3.62% 1.34% 5.06% 13.16% 5.14% -7.64% -6.42%
DBC (NAV) 3.58% 1.19% 4.86% 13.11% 5.20% -7.67% -6.42%
S&P GSCI 4.37% 3.22% 8.34% 19.27% 2.25% -10.76% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBC Top 10 Holdings

DBC Summary Data

Invesco
Invesco DB
02/03/06
Commodities Pool
0.89%
$2.50B
$33.62M
0.06%

DBC Portfolio Data

Futures
Optimized
Annually
--

DBC Index Data

DBIQ Optimum Yield Diversified Commodity Index
Fixed
Fixed
S&P GSCI

DBC Portfolio Management

0.89%
--
--
--

DBC Tax Exposures

27.84% / 27.84%
--
Yes

DBC 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

DBC Factset Analytics Block Liquidity

As of 09/21/18
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

1,927,905
$33.62M
1,686,065
$29.59M
0.06%
$0.01
-0.01%
0.56% / -0.67%
None
100.00%
200,000
8.43
0.01%
--
15,414
$17.44
5

DBC SECTOR BREAKDOWN


DBC
Segment Benchmark
47.53%
55.12%
25.28%
20.70%
15.17%
9.42%
12.02%
5.14%
0.00%
9.61%

DBC TOP 10 TARGETED COMMODITY WEIGHTS

25.67%
25.60%
21.16%
7.98%
3.60%
0.04%
99.99%

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 Rolling Strategy

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

DBC Performance Statistics

0.95
0.83
0.78
0.80
0.00%