Invesco DB Base Metals Fund

Frequently Asked Questions About DBB

What does DBB invest in?

The Invesco DB Base Metals Fund (DBB) endeavors to replicate the performance, whether upward or downward, of the DBIQ Optimum Yield Industrial Metals Index Excess Return (referred to as the Index). The Fund's total return is further augmented by interest income from its investments, predominantly U.S. Treasury securities and money market holdings, after deducting its operating expenses. This Fund offers investors an efficient and accessible avenue for gaining exposure to commodity futures. The underlying Index adheres to a defined set of rules and is composed of futures contracts on actively traded and widely used industrial metals: aluminum, zinc, and Grade A copper. It is important to note that direct investment in this specific Index is not possible. Both the Fund and its benchmark Index undergo adjustments and re-composition annually in November. However, given its speculative characteristics and the inherently volatile nature of the markets it operates within, this Fund may not be appropriate for every investor. The inherent instability of futures contracts means that significant fluctuations in their market values could result in considerable financial setbacks. For a complete overview of potential risks, prospective investors should refer to the "Risk and Other Information" section and the Fund's official Prospectus. Additionally, details regarding compliance notices for IRS Section 1446(f) concerning Publicly Traded Partnerships (PTPs) are accessible via our ETF tax center, and an FAQ for Form 1065 Schedule K-3, relevant to Invesco DB Funds (Securities Act of 1933), is also available.

What is the expense ratio of DBB?

Invesco DB Base Metals Fund (DBB) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations.

What is DBB's dividend yield?

DBB's trailing-twelve-month yield is 2.43%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DBB?

Effective duration measures DBB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DBB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DBB?

DBB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DBB?

Yield to maturity (YTM) is the total return you'd earn from DBB if every bond in the portfolio is held to maturity at the current price. DBB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.