Invesco DB Precious Metals Fund

Frequently Asked Questions About DBP

What does DBP invest in?

The Invesco DB Precious Metals Fund endeavors to replicate the fluctuations, positive or negative, in the DBIQ Optimum Yield Precious Metals Index Excess Return. This performance is augmented by interest income derived primarily from the Fund's holdings of U.S. Treasury securities and money market instruments, after accounting for its operational expenses. It provides investors with a cost-efficient and convenient avenue to gain exposure to commodity futures. The underlying Index is a systematic benchmark composed of futures contracts on two key precious metals: gold and silver. Both the Fund and the Index are rebalanced and reconstituted each November. Due to its highly speculative trading within inherently volatile markets, this Fund carries significant risks and is not suitable for all investors. The substantial price movements characteristic of futures contracts can result in considerable financial losses.

What is the expense ratio of DBP?

Invesco DB Precious Metals Fund (DBP) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.

What is DBP's dividend yield?

DBP's trailing-twelve-month yield is 2.64%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DBP?

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

What is the credit quality of DBP?

DBP'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 DBP?

Yield to maturity (YTM) is the total return you'd earn from DBP if every bond in the portfolio is held to maturity at the current price. DBP'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.