Key stats
About Invesco DB Precious Metals Fund
Home page
Inception date
Jan 5, 2007
Structure
Commodities Pool
Replication method
Synthetic
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.
DBP is the first precious-metals ETF, and it tracks a rules-based index composed of futures contracts on two of the well-known precious metals, gold and silver. The underlying index is designed to reduce the effects of contango by selecting futures contracts that, by its rule, have the highest implied roll yield for each commodity. Like our benchmark, it allocates over 80% of its portfolio to gold and the remainder to silver, ignoring platinum and palladium. The only big difference between DBP and our benchmark is that DBP holds contract based on the shape of the futures curve, while our benchmark uses a simple front-month futures strategy. 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
ETF
Bonds, Cash & Other100.00%
Mutual fund79.86%
ETF13.42%
Cash6.72%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DBP last dividends amounted to 2.56 USD. The year before, the issuer paid 2.23 USD in dividends, which shows a 12.71% increase.
DBP assets under management is 189.19 M USD. It's risen 4.65% over the last month.
DBP fund flows account for −7.83 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.
Yes, DBP pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Dec 27, 2024) amounted to 2.56 USD. The dividends are paid annually.
DBP shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Jan 5, 2007, and its management style is Passive.
DBP expense ratio is 0.77% meaning you'd have to pay 0.77% of your investment to help manage the fund.
DBP follows the DBIQ Optimum Yield Precious Metals Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DBP invests in funds.
DBP price has risen by 5.60% over the last month, and its yearly performance shows a 36.66% increase. See more dynamics on DBP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.37% over the last month, showed a 9.93% increase in three-month performance and has increased by 31.87% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.37% over the last month, showed a 9.93% increase in three-month performance and has increased by 31.87% in a year.
DBP trades at a premium (0.60%) meaning the ETF is trading at a higher price than the calculated NAV.