Invesco DB Base Metals FundInvesco DB Base Metals FundInvesco DB Base Metals Fund

Invesco DB Base Metals Fund

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Key stats


Assets under management (AUM)
‪107.13 M‬USD
Fund flows (1Y)
‪−67.16 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.05%
Shares outstanding
‪5.75 M‬
Expense ratio
0.77%

About Invesco DB Base Metals Fund


Brand
Invesco
Home page
Inception date
Jan 5, 2007
Structure
Commodities Pool
Index tracked
DBIQ Optimum Yield Industrial Metals Index TR (Collection)
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
DBB reflects the performance of industrial-metals commodity futures. As a commodity pool, it holds a basket of futures directly, but also distributes a complicated K-1 tax form at year-end. DBB holds just three equally weighted metals – aluminum, copper and zinc. That sets it apart from its production-weighted benchmark, which also includes nickel and lead, and DBB's equal weighting strategy gives zinc a sizeable bump at the expense of copper. DBB optimizes its contract selection to minimize the effects of contango, though that could also make it less sensitive to spot prices compared to a front-month strategy. The fund and the index are rebalanced and reconstituted annually in November.

Classification


Asset Class
Commodities
Category
Industrial metals
Focus
Broad market
Niche
Optimized
Strategy
Optimized commodity
Geography
Global
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Cash
Bonds, Cash & Other100.00%
Government45.01%
Mutual fund32.58%
Cash22.42%
Top 10 holdings

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to DBB via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DBB trades at 18.51 USD today, its price has fallen −0.70% in the past 24 hours. Track more dynamics on DBB price chart.
DBB net asset value is 18.58 today — it's risen 2.09% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DBB assets under management is ‪107.13 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DBB price has risen by 1.59% over the last month, and its yearly performance shows a −14.11% decrease. See more dynamics on DBB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.90% decrease in three-month performance and has decreased by −7.94% in a year.
DBB fund flows account for ‪−67.16 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DBB invests in bonds. See more details in our Analysis section.
DBB expense ratio is 0.77%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, DBB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DBB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DBB shows the sell signal. See more of DBB technicals for a more comprehensive analysis.
Yes, DBB pays dividends to its holders with the dividend yield of 0.00%.
DBB trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DBB shares are issued by Invesco Ltd.
DBB follows the DBIQ Optimum Yield Industrial Metals Index TR (Collection). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 5, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.