DBE

Invesco DB Energy Fund
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 09/24/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBE 11.50% 4.92% 51.57% 73.31% -0.54% 7.83% -4.28%
DBE (NAV) 9.12% 5.51% 52.70% 72.52% -1.02% 8.06% -4.17%
S&P GSCI Energy Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBE Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.78%
$106.78M
$888.24K
0.09%
JJE, RJN

DBE Portfolio Data

Futures
Optimized
Annually
--

DBE Index Data

Fixed
Fixed
S&P GSCI Energy Index

DBE Portfolio Management

0.78%
--
--
--

DBE Tax Exposures

27.84% / 27.84%
--
Yes

DBE Fund Structure

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

DBE Factset Analytics Block Liquidity

As of 09/27/21
5
4
3
2
1

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

57,424
$888.24K
41,812
$647.52K
0.09%
$0.01
-0.08%
3.03% / -4.94%
None
100.00%
200,000
0.21
0.02%
--
143
$16.58
5

DBE Sector Breakdown


DBE
Segment Benchmark
100.00%
100.00%

DBE Top 10 Targeted Commodity Weights

51.41%
16.18%
7.61%
6.66%
4.76%
1.90%
0.95%
0.95%
100.00%

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.

DBE Performance Statistics

--
--
0.90
0.94
0.00%