DBB
Invesco DB Base Metals Fund·NYSE
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Key Stats
Assets Under Management
288.51MUSD
Fund Flows (1Y)
150.35MUSD
Dividend Yield
2.52%
Discount/Premium to NAV
0.59%
Shares Outstanding
12.30M
Expense Ratio
0.75%
About Invesco DB Base Metals Fund
Issuer
Invesco Capital Management LLC
Brand
Invesco
Home Page
Inception Date
Jan 5, 2007
Structure
Commodities Pool
Index Tracked
DBIQ Optimum Yield Industrial Metals Index
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
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.67% | +9.76% | +3.38% | +24.88% | +14.23% | +37.09% |
NAV Total Return | -0.13% | +12.92% | +3.13% | +26.73% | +31.73% | +59.77% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Invesco Government & Agency Portfolio
88.16%
LME Primary Aluminum Future
30.72%
LME Copper Future
26.72%
COMEX Copper Future
25.13%
LME Nickel Future
13.26%
CASH COLLATERAL
11.84%
LME Zinc Future
8.89%
LME Lead Future
4.71%
Synthetic Cash
0.00%
Top 10 Weight 209.43%
9 Total Holdings
Is SPY better than DBB?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-22 | 2025-12-22 | 2025-12-26 | 0.600 |
| 2024-12-23 | 2024-12-23 | 2024-12-27 | 0.896 |
| 2023-12-18 | 2023-12-19 | 2023-12-22 | 1.320 |
| 2022-12-19 | 2022-12-20 | 2022-12-23 | 0.184 |
| 2019-12-23 | 2019-12-24 | 2019-12-31 | 0.273 |
| 2018-12-24 | 2018-12-26 | 2018-12-31 | 0.244 |
How Much Does DBB Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy DBB?
Fund Flows
