# Invesco DB Oil Fund (DBO): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dbo for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Alternatives - Strategy: Thematic · Inception: 2007-01-05 The Invesco DB Oil Fund (DBO) endeavors to replicate the performance, whether positive or negative, of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). Its total return also incorporates net interest income generated from the Fund's primary investments in US Treasury securities and money market instruments, after accounting for its expenses. This Fund provides investors with an efficient and convenient vehicle to gain exposure to commodity futures. The underlying Index is a rules-based benchmark constructed from futures contracts tied to light sweet crude oil (West Texas In... ## Key Facts | Metric | Value | |---|---| | Price | $27.25 | | Expense Ratio | 0.81% | | Assets Under Management | $291.7M | | NAV | $26.76 (2026-10-29 close) | | Holdings Count | 3 | | Distribution Yield (TTM) | 1.57% | | Annual Distribution (TTM) | $0.43 /share | | Distribution Frequency | Annual | | 52-Week Range | $11.89 – $27.32 | | Beta | 1.77 | ## Latest Distribution - Amount: $0.4284 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does DBO invest in? The Invesco DB Oil Fund (DBO) endeavors to replicate the performance, whether positive or negative, of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). Its total return also incorporates net interest income generated from the Fund's primary investments in US Treasury securities and money market instruments, after accounting for its expenses. This Fund provides investors with an efficient and convenient vehicle to gain exposure to commodity futures. The underlying Index is a rules-based benchmark constructed from futures contracts tied to light sweet crude oil (West Texas Intermediate or WTI). It's important to note that direct investment in the Index itself is not possible. Both the Fund and its benchmark undergo annual adjustments and rebalancing every November. Prospective investors should be aware that this Fund is not appropriate for everyone. Its investment strategy is speculative, operating within highly volatile markets. The inherent volatility of futures contracts means that rapid fluctuations in the market prices of the underlying contracts could lead to substantial financial losses. For a complete understanding of these and other potential risks, please consult the "Risk and Other Information" section and the Fund's official Prospectus. Further tax-related compliance information, including qualified notices concerning IRS Section 1446(f) for Publicly Traded Partnerships (PTPs) and the Form 1065 Schedule K-3 FAQ for Invesco DB Funds, is available on our dedicated ETF tax center. ### What is the expense ratio of DBO? Invesco DB Oil Fund (DBO) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DBO's dividend yield? DBO's trailing-twelve-month yield is 1.57%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of DBO? Effective duration measures DBO's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DBO's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of DBO? DBO'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 DBO? Yield to maturity (YTM) is the total return you'd earn from DBO if every bond in the portfolio is held to maturity at the current price. DBO'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. ### Does DBO pay a dividend? Yes, Invesco DB Oil Fund (DBO) distributes dividends to shareholders. The trailing-twelve-month yield is 1.57%. Full dividend history is on this page. ### How often does DBO pay dividends? Invesco DB Oil Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DBO's next ex-dividend date? The most recently announced ex-dividend date for DBO was 2025-12-22. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will DBO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.81% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DBO charge its expense ratio? The expense ratio is deducted in tiny daily slices from DBO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DBO cost more than a fund like VOO? DBO's strategy (current expense ratio 0.81%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DBO sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DBO? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DBO (0.81%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dbo - Distribution history: https://www.dividenddata.com/funds/dbo/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dbo/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dbo/expenses - Peer comparison: https://www.dividenddata.com/funds/dbo/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.