Invesco DB Base Metals Fund
DBB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Anna Paglia
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Jan 5, 2007
- CIK
- 0001383084
- Website
- invesco.com
- Similar Companies
- Business
- Invesco DB Base Metals Fund (DBB) is an exchange-traded fund that seeks to track the performance, whether positive or negative, of the DBIQ Optimum Yield Industrial Metals Index Excess Return, plus interest income from its holdings of US Treasury securities, money market funds, and T-Bill ETFs, less the fund's expenses. The fund provides investors with cost-effective exposure to commodity futures contracts on the most liquid base metals, including copper (grade A), aluminum, and zinc; it collateralizes these positions primarily with short-term US government securities and related instruments. Launched on January 5, 2007, as a series of Invesco DB Multi-Sector Commodity Trust, the fund is managed by Invesco Capital Management LLC, with administrative operations c/o Wilmington Trust Company in Wilmington, Delaware, and is listed on NYSE Arca. The fund's core offerings consist of futures contracts on copper (approximately 34.7% weighting), aluminum (32.9%), and zinc (32.4%), selected and rolled according to the index's Optimum Yield methodology to minimize contango effects and maximize backwardation benefits; collateral holdings are fully allocated to Invesco Government & Agency securities (100%). It targets investors seeking tactical exposure to the base metals sector, which supports infrastructure, manufacturing, and green energy applications, without the costs of physical storage or less liquid instruments. The fund is rebalanced and reconstituted annually in November, issues a Schedule K-1 for tax reporting, and maintains a total expense ratio of 0.79%, including a 0.75% management fee. In a significant recent development, effective November 10, 2025, the fund's underlying DBIQ Optimum Yield Industrial Metals Index Excess Return underwent methodological updates implemented by Deutsche Bank AG, expanding the commodity universe, refining the yield strategy, introducing annual reviews, and imposing weight limits to enhance market reflection and mitigate risk, while preserving the fund's investment objective. No major acquisitions, funding rounds, partnerships, or product launches were reported in 2024 or 2025; the fund continues operations as a commodity pool under CFTC and NFA oversight, with assets under management at approximately $142 million as of late 2025. Shares trade globally, including in the United States and Mexico, with intraday indicative NAV available under ticker DBBIV.