DBCInvesco DB Commodity Index Tracking Fund
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.
DBC Summary Data
DBC Portfolio Data
DBC Index Data
DBC Portfolio Management
DBC Tax Exposures
DBC Fund Structure
DBC Factset Analytics Block Liquidity
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 Sector Breakdown
DBC Top 10 Targeted Commodity Weights
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.