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Invesco Db Base Metals Fund  (DBB)
Other Ticker:  
 
    Sector  Financial    Industry Exchange Traded Funds Etf
 
Price: $20.3700 $0.27 1.343%
Day's High: $20.48 Week Perf: 3.09 %
Day's Low: $ 20.30 30 Day Perf: 12.48 %
Volume (M): 418 52 Wk High: $ 20.48
Volume (M$): $ 8,507 52 Wk Avg: $18.22
Open: $20.34 52 Wk Low: $16.77



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 1
 Revenues (TTM) (Millions $) 102
 Net Income (TTM) (Millions $) 16
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Invesco Db Base Metals Fund

The Fund is a separate series of the Trust. The Trust is a Delaware statutory trust organized in seven separate series and was formed on August 3, 2006. The Predecessor Managing Owner seeded the Fund with a capital contribution of $1,000 in exchange for 40 General Shares of the Fund. The General Shares were sold to the Managing Owner by the Predecessor Managing Owner pursuant to the terms of the Agreement. The fiscal year end of the Fund is December 31st. The term of the Fund is perpetual (unless terminated earlier in certain circumstances) as provided for in the Fifth Amended and Restated Declaration of Trust and Trust Agreement of the Trust (the “Trust Agreement”). The Fund has an unlimited number of shares authorized for issuance.
The Fund offers common units of beneficial interest (the “Shares”) only to certain eligible financial institutions (the “Authorized Participants”) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Fund. The Fund commenced investment operations on January 3, 2007. The Fund commenced trading on the American Stock Exchange (which became the NYSE Alternext US LLC (the “NYSE Alternext”)) on January 5, 2007 and, as of November 25, 2008, is listed on the NYSE Arca, Inc. (the “NYSE Arca”).

Each of Deutsche Bank Securities Inc., Merrill Lynch Professional Clearing Corp., Virtu Financial Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC, Virtu Financial BD LLC, Knight Capital Americas LLC, Timber Hill LLC, Morgan Stanley & Co. LLC, Jefferies & Company Inc., Nomura Securities International Inc., RBC Capital Markets, LLC, UBS Securities LLC, Cantor Fitzgerald & Co., BNP Paribas Securities Corp., Goldman, Sachs & Co., Goldman Sachs Execution & Clearing, L.P. and Citadel Securities LLC has executed a Participant Agreement.

The Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Industrial Metals Index Excess Return™ (the “DBIQ OY Industrial Metals ER™” or the “Index”) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations over the expenses of the Fund. The Index is intended to reflect the change in market value of the base metals sector. The commodities comprising the Index are aluminum, zinc and copper—Grade A (each, an “Index Commodity”, and collectively, the “Index Commodities”). The Shares are designed for investors who want a cost-effective and convenient way to invest in a group of commodity futures contracts on U.S. and non-U.S. markets.


The Index Commodities are currently trading on the London Metals Exchange (the “LME”). The Index is comprised of futures contracts on each of the Index Commodities that expire in a specific month and trade on a specific exchange (the “Index Contracts”). If the Managing Owner 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 Index Contract, the Fund may invest in (i) a futures contract referencing the particular Index Commodity other than the Index Contract or, in the alternative, invest in (ii) other futures contracts not based on the particular Index Commodity ((i) and (ii) collectively, the “Alternative Futures Contracts”) if, in the commercially reasonable judgment of the Managing Owner, such Alternative Futures Contracts tend to exhibit trading prices that correlate with such Index Commodity. Although the LME does not currently impose position limits on the Index Commodities, the LME may in the future impose position limits on market participants trading in certain commodities included in the Index. Further, in the event the Fund invests in Alternative Futures Contracts as described above, that trade on a U.S. exchange, the Commodity Futures Trading Commission (the “CFTC”) and the applicable commodity exchanges may impose position limits on market participants trading in the Index Commodities. Please see http://www.invescopowershares.com with respect to the most recently available weighted composition of the Fund and the composition of the Index on the Base Date.

The Managing Owner pays the Index Sponsor (as defined below) a licensing fee and an index services fee for performing its duties. These fees constitute a portion of the routine operational, administrative and other ordinary expenses which are paid out of the Management Fee and are not charged to or reimbursed by the Fund.
Neither the Managing Owner nor any affiliate of the Managing Owner has any rights to influence the selection of the futures contracts underlying the Index. After the Closing Date, the Index Sponsor is not affiliated with the Fund or the Managing Owner. The Managing Owner has entered into a license agreement with the Index Sponsor to use the Index.

The Index is composed of notional amounts of each of the underlying Index Commodities. The notional amount of each Index Commodity included in the Index is intended to reflect the changes in market value of each such Index Commodity within the Index. The closing level of the Index is calculated on each business day by the Index Sponsor based on the closing price of the futures contracts for each of the underlying Index Commodities and the notional amounts of such Index Commodities.

Rather than select a new futures contract based on a predetermined schedule (e.g., monthly), each Index Commodity rolls to the futures contract which generates the best possible “implied roll yield.” The futures contract with a delivery month within the next thirteen months which generates the best possible implied roll yield will be included in the Index. As a result, the Fund is able to potentially maximize the roll benefits in backwardated markets and minimize the losses from rolling in contangoed markets for each Index Commodity, respectively.


In general, as a futures contract approaches its expiration date, its price will move towards the spot price in a contangoed market. Assuming the spot price does not change, this would result in the futures contract price decreasing and a negative implied roll yield. The opposite is true in a backwardated market. Rolling in a contangoed market will tend to cause a drag on an Index Commodity’s contribution to the Fund’s return while rolling in a backwardated market will tend to cause a push on an Index Commodity’s contribution to the Fund’s return.


If the Managing Owner 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 Index Contract, the Fund may invest in Alternative Futures Contracts if, in the commercially reasonable judgment of the Managing Owner, such Alternative Futures Contracts tend to exhibit trading prices that correlate with an Index Contract. Please see http://www.invescopowershares.com with respect to the most recently available weighted composition of the Fund and the composition of the Index on the Base Date.
The DBIQ Optimum Yield Industrial Metals Index is calculated in USD on both an excess return (unfunded) and total return (funded) basis.


The futures contract price for each Index Commodity will be the exchange closing price for such Index Commodity on each weekday when banks in New York, New York are open (the “Index Business Days”). If a weekday is not an Exchange Business Day (as defined in the following sentence) but is an Index Business Day, the exchange closing price from the previous Index Business Day will be used for each Index Commodity. “Exchange Business Day” means, in respect of an Index Commodity, a day that is a trading day for such Index Commodity on the relevant exchange (unless either an Index disruption event or force majeure event has occurred).


On the first New York business day (the “Verification Date”) of each month, each Index Commodity futures contract will be tested in order to determine whether to continue including it in the Index. If the Index Commodity futures contract requires delivery of the underlying commodity in the next month, known as the Delivery Month, a new Index Commodity futures contract will be selected for inclusion in the Index. For example, if the first New York business day is May 1, 2016, and the Delivery Month of the Index Commodity futures contract currently in such Index is June 2016, a new Index Commodity futures contract with a later Delivery Month will be selected.

For each underlying Index Commodity of the Index, the new Index Commodity futures contract selected will be the Index Commodity futures contract with the best possible “implied roll yield” based on the closing price for each eligible Index Commodity futures contract. Eligible Index Commodity futures contracts are any Index Commodity futures contracts having a Delivery Month (i) no sooner than the month after the Delivery Month of the Index Commodity futures contract currently in such Index, and (ii) no later than the 13th month after the Verification Date. For example, if the first New York business day is May 1, 2016 and the Delivery Month of an Index Commodity futures contract currently in the Index is June 2016, the Delivery Month of an eligible new Index Commodity futures contract must be between July 2016 and May 2017. The implied roll yield is then calculated and the futures contract on the Index Commodity with the best possible implied roll yield is then selected. If two futures contracts have the same implied roll yield, the futures contract with the minimum number of months prior to the Delivery Month is selected.

 



   Company Address: c/o Invesco Capital Management LLC Downers Grove 60515 IL
   Company Phone Number: 983-0903   Stock Exchange / Ticker: NYSEArca DBB
   


Customers Net Income grew by DBB's Customers Net Profit Margin grew to

25.84 %

21.02 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Invesco Db Base Metals Fund

Invesco Db Base Metals Fund Shines in Third Quarter 2023 Report

Invesco Db Base Metals Fund, an exchange-traded fund (ETF) company, recently concluded its reporting season ending September 30, 2023. During this period, the company experienced no gain per share, reporting earnings of $0.00 per share compared to the earnings of the previous year. In the previous reporting season, the company realized $0.00 per share. Additionally, the company witnessed a significant decline in revenue, with a decrease of -36.261% from $1.45 million in the previous reporting season to $0.00 per share.
However, despite these numbers, Invesco Db Base Metals Fund managed to book net earnings of $10.118 million in the fiscal interval ending September 30, 2023. This marked a substantial improvement from the net loss of $-27.969 million reported in the same period the previous year. This indicates a positive turnaround for the company and is a promising sign for investors.

Invesco Db Base Metals Fund

DBB's Financial Performance Deteriorates Remarkably During Q2 2023 Amid Grueling Financial Landscape

In the April to June 30, 2023 financial time-frame, Invesco Db Base Metals Fund reported stagnant gains of $0.00 per share, which was the same as the previous year and the preceding reporting period. Comparatively, the revenue experienced a significant decrease of -97.82%, plummeting from $66.54 million to $1.45 million in the same reporting period a year earlier. However, the revenue did show improvement when compared sequentially to a negative value of $-10.36 million.
During the April to June 30, 2023 financial period, Invesco Db Base Metals Fund reported a net loss of $-24.421 million, a notable improvement from the previous year's deficit of $-152.468 million. This suggests that the fund has made progress in managing its financials and reducing losses.
One aspect that saw a decline during this period was the accounts receivable, which dropped to $0.4 million compared to the previous quarter. Nevertheless, this is still higher than the figures reported during the same period last year. This indicates that although there has been a decrease in accounts receivable compared to the previous quarter, the fund has managed to maintain some stability in this area.

Invesco Db Base Metals Fund

Enhancing Investor Confidence: Investment Services Company Shatters Break-Even Point, Realizing Significant Improvement in Fiscal Performance

Invesco Db Base Metals Fund, a financial company that deals in base metals, recently released its fiscal report for the period ending March 31, 2023. The report showed that the company reached its break-even point at $0.00 per share, which is a significant improvement from the previous reporting seasons. Last year, the company had reported earnings of $0.00 per share, while the preceding reporting season showed that the company had realized $0.00 per share from the previous reporting period, which was at $109.97 million.
However, despite the improvement in the break-even point, the company's earnings fell by -93.51% in the financial span that closed on March 31 2023 compared to the same period a year before. The earnings were at $5.825 million, down from $89.775 million. This significant drop in earnings resulted in the company's operating margin also falling to -30.94%, while the net margin shrank to -56.21%.






 

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