DBO
Invesco DB Oil FundDBO Fund Description
DBO tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.
DBO Factset Analytics Insight
DBO is a large and liquid ETP that gets access to WTI oil using a "next generation" futures strategy. DBO gets exposure to the price of oil using future contracts, and futures-based exposure is subject to negative roll yield or decay when the futures curve is upsloping. DBO optimizes exposure to the curve to combat contango by rolling into whichever contract month (within the next 13) looks most attractive by its rules, rather than rolling front-month contracts. The fund enjoys ample liquidity for institutional and retail investors, with manageable spreads and reasonable daily volume. DBO charges a low fee for its segment and has attracted strong investor interest, but tracking can be very unsteady. Like many of its competitors, DBO is structured as a commodity pool, so it reports capital gains on a K-1 at a 60/40 blended rate.
DBO CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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DBO Summary Data
DBO Portfolio Data
DBO Index Data
DBO Top 10 Holdings
DBO Portfolio Management
DBO Tax Exposures
DBO Fund Structure
DBO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBO. DBO is rated a 5 out of 5.
DBO Tradability
DBO SECTOR BREAKDOWN
DBO
DBO TOP 10 TARGETED COMMODITY WEIGHTS
DBO Tenor Strategy
DBO'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.
DBO Rolling Strategy
DBO rolls contracts between the 2nd and 6th business days each month.
DBO Performance Statistics
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