DGL Invesco DB Gold Fund
DGL Fund Description
DGL tracks an index of gold futures contracts. To minimize contango, it optimizes its contract selection based on the shape of the futures curve.
DGL Factset Analytics Insight
DGL reflects the performance of gold futures. 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. Unlike many ETFs that offer exposure to the gold market, the fund does not hold physical bullion, but uses a proprietary formula to select futures contracts to minimize contango. 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.
DGL Summary Data
DGL Portfolio Data
DGL Index Data
DGL Portfolio Management
DGL Tax Exposures
DGL Fund Structure
DGL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DGL. DGL is rated a 5 out of 5.
DGL Sector Breakdown
DGL Top 10 Targeted Commodity Weights
DGL Tenor Strategy
DGL'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.
DGL Rolling Strategy
DGL rolls contracts between the 2nd and 6th business days each month.