What is DBE?

DBE tracks an index of five energy-related futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBE -3.93% -10.65% -10.41% -16.97% 34.70% 6.66% -3.19%
DBE (NAV) -4.03% -10.35% -10.38% -17.74% 34.85% 6.54% -3.18%
DBIQ Optimum Yield Energy Index -- -- -- -- -- -- --
S&P GSCI Energy Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

Invesco
01/05/07
0.77%
$90.42M
DBIQ Optimum Yield Energy Index
S&P GSCI Energy Index
Commodities Pool

Peers

S&P GSCI Energy Index
JJE

Fund Flows

-$0.00B 5 Days
-$0.00B 30 Days
-$0.11B 90 Days

DBE Portfolio Data

Futures
Optimized
Annually
--

DBE Index Data

DBIQ Optimum Yield Energy Index
Fixed
Fixed
S&P GSCI Energy Index

DBE Portfolio Management

0.77%
--
--
--

DBE Tax Exposures

27.84% / 27.84%
--
Yes

DBE Fund Structure

Commodities Pool
Yes
N/A
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/28/23

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 Tradability

58,869
$1.26M
39,561
$800.37K
0.16%
$0.03
-0.02%
1.08% / -2.03%
None
100.00%
200,000
0.20
0.02%
--
92
$20.30
5

DBE Sector Breakdown

DBE Segment
Benchmark
54.64% --
34.28% --
11.08% --

DBE Top 10 Targeted Commodity Weights

34.28%
32.77%
21.87%
100.00%

DBE Performance Statistics

--
--
0.90
0.94
0.00%

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.