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Security Profile
- Security Type
- Index ETF
- CUSIP
- 46140H700 (prev. 73936B705 )
- Market Cap
- Mid Cap
- IPO
- 1/5/2007
- Previous Name
- PowerShares DB Base Metals Fund
Fund Description: Invesco DB Base Metals Fund, formerly PowerShares DB Base Metals Fund is considered a Commodity ETF since it invests in Base Metals future contracts. It is a separate investment portfolio of the Invesco DB Multi-Sector Commodity Trust, formerly PowerShares DB Multi-Sector Commodity Trust an open-ended investment management company. <p> INVESTMENT OBJECTIVE: Invesco DB Base Metals Fund is designed to track the DBIQ Optimum Yield Industrial Metals Index Excess Return™, which is intended to reflect the base metals sector. <p> INDEX DESCRIPTION: The DBIQ Optimum Yield Industrial Metals Index Excess Return™ is a rules-based index composed of futures contracts on some of the most liquid and widely used base metals; aluminum, zinc and copper (grade A). The Index is intended to reflect the performance of the industrial metals sector. <p> FUND STRATEGY: The Shares of the Fund are intended to provide investment results that generally correspond to changes, positive or negative, in the levels of the Fund’s Index, over time. The results, which consists of the Index plus 3-month U.S. Treasury securities returns, are displayed because the Fund collateralizes futures positions with 3-month U.S. Treasury securities. If the Managing Owner, DB Commodity Services LLC, determines in its commercially reasonable judgment that it has become impracticable or inefficient for any reason for the Fund to gain full or partial exposure to any Index Commodity by investing in a specific futures contract that comprises the Index, such Fund may invest in a futures contract of the Index Commodity other than the contract that comprises the Index or, in the alternative, invest in other futures contracts not based on the Index Commodity if, in the commercially reasonable judgment of the Managing Owner, such futures contracts tend to exhibit trading prices that correlate with a futures contract that comprises the Index. The Shares of the Fund are intended to provide investment results that generally correspond to the changes, positive or negative, in the levels of the Index over time. The value of the Shares of the Fund is expected to fluctuate in relation to changes in the value of its portfolio. The market price of the Shares of the Fund may not be identical to the net asset value per Share, but these two valuations are expected to be very close. <p> FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.
Notes: April 24, 2018 -- Invesco announced it is retiring the PowerShares brand as of June 4, 2018. The ETFs currently trading under the PowerShares name will be rebranded as Invesco Funds at https://www.invesco.com/portal/site/us/investors/home/
Company Contact
- Headquarters
- 3500 Lacey Road, Suite 700, Downers Grove, IL 60515
- Phone
- 630-684-6000 · Toll-Free 800-983-0903
- Investor Relations
- 800-983-0903 · info@invesco.com