DBP
Invesco DB Precious Metals Fund·NYSE
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Key Stats
Assets Under Management
290.97MUSD
Fund Flows (1Y)
4.98MUSD
Dividend Yield
2.16%
Discount/Premium to NAV
-0.12%
Shares Outstanding
2.55M
Expense Ratio
0.73%
About Invesco DB Precious Metals Fund
Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
Jan 5, 2007
Structure
Commodities Pool
Index Tracked
DBIQ Optimum Yield Precious Metals Index Excess Return
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.
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
Asset Class
Commodities
Category
Precious Metals
Focus
Broad Market
Niche
Optimized
Strategy
Optimized commodity
Geography
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Weighting Scheme
Fixed
Selection Criteria
Fixed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +7.82% | +23.08% | +10.13% | +75.63% | +140.82% | +125.05% |
NAV Total Return | +7.50% | +29.13% | +12.40% | +79.69% | +168.48% | +152.65% |
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
COMEX Gold 100 Troy Ounces Future
93.17%
Invesco Government & Agency Portfolio
55.18%
CASH COLLATERAL
35.70%
COMEX Silver Future
22.76%
TBLL
Invesco Short Term Treasury ETF
9.13%
NYMEX Platinum Future
7.13%
Synthetic Cash
-7.13%
Top 10 Weight 215.94%
7 Total Holdings
Is SPY better than DBP?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2024-12-23 | 2024-12-23 | 2024-12-27 | 2.560 |
| 2023-12-18 | 2023-12-19 | 2023-12-22 | 2.234 |
| 2022-12-19 | 2022-12-20 | 2022-12-23 | 0.218 |
| 2019-12-23 | 2019-12-24 | 2019-12-31 | 0.525 |
| 2018-12-24 | 2018-12-26 | 2018-12-31 | 0.450 |
| 2017-12-18 | 2017-12-19 | 2017-12-29 | 0.045 |
How Much Does DBP Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy DBP?
Fund Flows
