DBS

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

DBS Fund Description

DBS tracks an index of silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBS Factset Analytics Insight

DBS gets its access to silver in the form of futures contracts. The fund’s underlying index is designed to reduce the effects of contango by selecting futures contracts that, by its rule, have the highest implied roll yield. DBS' dynamic contract selection process expects the contract to experience the least amount of contango and, upon maturity, rolls its exposure to the new contract. 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 07/28/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBS -4.57% -5.14% -6.60% -1.59% 15.36% 2.31% -6.43%
DBS (NAV) -5.26% -4.99% -6.61% -1.19% 14.89% 2.31% -6.48%
DBIQ Optimum Yield Silver Index -- -- -- -- -- -- --
Silver Spot Price -4.96% -4.16% -6.38% 5.31% 17.32% 3.97% -4.72%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBS Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.75%
$24.07M
$59.60K
0.82%

DBS Portfolio Data

Futures
Optimized
N/A
--

DBS Index Data

DBIQ Optimum Yield Silver Index
Single Asset
Single Asset
Silver Spot Price

DBS Portfolio Management

0.75%
--
--
--

DBS Tax Exposures

27.84% / 27.84%
--
Yes

DBS Fund Structure

Commodities Pool
No
N/A
N/A
N/A
High
Daily

DBS Factset Analytics Block Liquidity

As of 07/30/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DBS. DBS is rated a 5 out of 5.

DBS Tradability

1,600
$59.60K
1,064
$40.18K
0.82%
$0.30
0.03%
3.10% / -4.09%
None
100.00%
200,000
0.01
0.01%
--
47
$34.71
5

DBS Sector Breakdown


DBS
Segment Benchmark
100.00%
100.00%

DBS Top 10 Targeted Commodity Weights

46.03%
20.76%
16.61%
16.60%
100.00%

DBS Tenor Strategy

DBS'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.

DBS Rolling Strategy

DBS rolls contracts between the 2nd and 6th business days each month.

DBS Performance Statistics

0.22
0.52
0.49
0.42
0.01%