DBC

The Invesco DB Commodity Index Tracking Fund (DBC) is an exchange-traded fund designed to track the performance of a diversified commodities index through futures contracts traded in global markets. The ETF is managed by Invesco and trades under the ticker DBC on NYSE Arca.

Classified as a commodity ETF, DBC seeks to reflect, before fees and expenses, the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return.

The fund follows a passive management strategy based on physical commodity futures contracts. The methodology seeks to replicate the composition and rules of the benchmark index without discretionary active asset selection.

The benchmark uses the “Optimum Yield” methodology, which seeks to select futures contracts with specific maturities along the futures curve in an effort to reduce contango-related effects and optimize contract-roll processes.

Composition / Exposure profile

DBC provides exposure to global commodity markets through futures contracts tied to raw materials used across multiple sectors of the world economy.

The ETF’s economic exposure is primarily associated with:

• Energy.

• Industrial metals.

• Precious metals.

• Agricultural products.

• Basic input commodities.

The ETF’s behavior is sensitive to global economic cycles, inflation, commodity supply conditions, monetary policy, and geopolitical events affecting international raw-material markets.

Structure and costs

DBC shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. DBC may distribute income associated with cash holdings, collateral, and operations tied to futures contracts held in the portfolio.

History and evolution of the ETF

The Invesco DB Commodity Index Tracking Fund was launched in 2006, during a period of growing demand for instruments linked to global commodity markets. Since inception, the fund has reflected movements associated with international energy, metals, and agricultural prices, as well as fluctuations tied to global economic cycles.

In recent years, DBC has reflected supply shocks, oil and natural-gas volatility, global inflation, geopolitical tensions, and changes in international macroeconomic and monetary conditions.

Additional Information

Invesco DB Commodity Index Tracking Fund (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.88 Billion.

Over the past 12 months, Invesco DB Commodity Index Tracking Fund recorded a return of 39.08%, with its price trading between $21.62 and $31.61 during the same period.

The ETF is traded under the ticker DBC.