DBV

Invesco DB G10 Currency Harvest Fund
*Unless otherwise stated, data provided by FactSet.

DBV Fund Description

DBV tracks an index with long exposure to developed-market currencies with high interest rates and short exposure to those with low rates using forward contracts.

DBV Factset Analytics Insight

DBV offers a classic and straightforward currency carry trade strategy as reflected in its current basket. It seeks to exploit the trend that currencies with high interest rates, on average, tend to rise in value relative to those with low interest rates. To do so, the fund holds futures contracts on certain G10 currencies using both long and short futures position. DBV goes long currencies with higher interest rates and shorts those with low rates. As with any carry trade, the fund has foreign exchange risk in spades. Investors should note that any losses and high correlation to equities reduces the fund’s appeal as an absolute-return strategy. In addition, note that investors will get a K-1 at tax time. The fund and the Index are rebalanced and reconstituted annually in November.

PERFORMANCE [as of 09/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBV 0.84% -1.53% 1.97% 4.76% 2.03% 0.29% 0.59%
DBV (NAV) 2.16% -1.13% 2.53% 5.72% 2.16% 0.46% 0.64%
Deutsche Bank G10 Currency Future Harvest Index Total Return 2.22% -0.93% 3.11% 6.56% 1.81% 0.14% 0.87%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBV Summary Data

Invesco
Invesco DB
09/18/06
Commodities Pool
0.78%
$27.12M
$95.05K
1.18%

DBV Portfolio Data

Long/Short Currency
1.44%
12/20/21
6

DBV Index Data

Deutsche Bank G10 Currency Future Harvest Index Total Return
Equal
Interest Rates
N/A

DBV Portfolio Management

0.78%
-0.76%
0.31%
-0.84%

DBV Tax Exposures

27.84% / 27.84%
--
No distributions
Yes

DBV Fund Structure

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

DBV Factset Analytics Block Liquidity

As of 09/23/21
5
4
3
2
1

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

DBV Tradability

3,843
$95.05K
1,183
$29.47K
1.18%
$0.29
-0.01%
1.23% / -0.74%
None
100.00%
100,000
0.01
0.01%
--
5
$24.66
N/A

DBV Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

DBV Top 5 Holdings Long

74.21%
7.37%
7.37%
3.68%
3.68%

DBV Top 5 Holdings Short

--

DBV Performance Statistics

5.72%
4.10%
-2.22%
0.05
0.08
0.11
3.66

DBV Correlations (Daily Returns 12 Mo)

0.57
-0.07
0.54