DBC

Invesco DB Commodity Index Tracking Fund
*Unless otherwise stated, data provided by FactSet.

DBC Fund Description

DBC 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 represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors via futures contracts. The fund’s index aims to maximize the potential roll benefits in backwardation markets and minimize any loss from rolling down the curve in contango markets. It did so by employing a rules-based approach when it rolls from one futures contract to another for each commodity. Rather than rolling based on a predefined schedule (e.g. monthly), the index rolls to futures (within the next 13) which, by its rules, generates the maximum implied roll yield. Structured as a commodity pool, investors should expect a K-1 at tax time. The fund and the index are rebalanced and reconstituted annually in November.

PERFORMANCE [as of 06/11/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBC 3.66% 11.83% 31.16% 55.99% 3.59% 5.26% -4.14%
DBC (NAV) 2.21% 10.02% 31.05% 59.77% 3.52% 5.19% -4.20%
S&P GSCI 2.44% 8.82% 30.43% 61.52% -2.11% 1.15% -7.00%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBC Summary Data

Invesco
Invesco DB
02/03/06
Commodities Pool
0.88%
$2.65B
$63.02M
0.05%

DBC Portfolio Data

Futures
Optimized
Annually
9

DBC Index Data

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

DBC Portfolio Management

0.88%
--
--
--

DBC Tax Exposures

27.84% / 27.84%
--
Yes

DBC Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily

DBC Factset Analytics Block Liquidity

As of 06/14/21
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

3,443,860
$63.02M
2,821,449
$53.15M
0.05%
$0.01
-0.01%
0.53% / -0.82%
None
100.00%
200,000
14.11
0.02%
--
48,416
$19.21
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

55.17%
9.34%
7.65%
7.65%
7.65%
4.59%
0.77%
0.25%
100.00%

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
0.86
0.78
0.80
0.00%