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’s reputation as a giant in the absolute returns space continues to dwindle as investors have pulled back. The fund now holds a little under $90M, and continues to see net outflows. DBV offers a straightforward currency carry trade strategy, reflected in its current basket. The fund goes long currencies with higher interest rates and shorts those with low rates. As with any carry trade, DBV has foreign exchange risk in spades. Recent losses and higher correlation to equities reduces DBV’s appeal as an absolute-return strategy. Note that investors will get a K-1 at tax time. In all, the fund provides an effective means to access a classic strategy, earning a place on the opportunities list.

DBV Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBV 0.77% 1.29% 3.53% 0.94% -0.67% -1.03% 0.50%
DBV (NAV) 0.52% 1.34% 3.77% 1.13% -0.63% -0.98% 0.55%
Deutsche Bank G10 Currency Future Harvest Index Total Return 0.44% 1.07% 2.43% -0.36% -1.41% -1.11% 0.55%
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
0.80%
$24.44M
$31.07K
0.75%

DBV Portfolio Data

Long/Short Currency
1.13%
12/23/19
4

DBV Index Data

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

DBV Portfolio Management

0.80%
1.40%
1.65%
0.93%

DBV Tax Exposures

27.84% / 27.84%
--
No distributions
Yes

DBV Fund Structure

Commodities Pool
No
N/A
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

DBV Factset Analytics Block Liquidity

As of 11/20/19
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

1,207
$31.07K
555
$15.08K
0.75%
$0.18
-0.09%
1.74% / -1.97%
None
100.00%
200,000
0.00
0.01%
--
0
$24.40
N/A

DBV Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

DBV Top 5 Holdings Long

73.36%
22.46%
-0.00%

DBV Top 5 Holdings Short

-0.00%

DBV Performance Statistics

1.13%
3.77%
-3.42%
0.01
0.01
-0.16
1.73

DBV Correlations (Daily Returns 12 Mo)

0.45
-0.37
0.36