DBEInvesco DB Energy Fund
DBE Fund Description
DBE tracks an index of five energy-related futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.
DBE Factset Analytics Insight
DBE reflects the performance of energy commodity futures. The fund’s index is designed to reduce the effects of contango by selecting futures contracts that, by its rule, have the highest implied roll yield for each commodity. The fund weights commodities by liquidity rather than production and strategically selects futures contracts in an attempt to maximize roll yield. The index underweights WTI and Brent crude relative to our benchmark, while providing extra exposure to Heating Oil, RBOB Gasoline and Natural Gas. Gas oil is completely excluded. 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.
DBE Portfolio Data
DBE Index Data
DBE Portfolio Management
DBE Tax Exposures
DBE Fund Structure
DBE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBE. DBE is rated a 5 out of 5.
DBE Sector Breakdown
DBE Top 10 Targeted Commodity Weights
DBE Tenor Strategy
DBE'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.
DBE Rolling Strategy
DBE rolls contracts between the 2nd and 6th business days each month.