PowerShares DB Commodity Index Tracking Fund (DBC) Celebrates Five-Year Anniversary
NEW YORK--([ BUSINESS WIRE ])--DB Commodity Services LLC, a wholly-owned subsidiary of Deutsche Bank AG, and Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), are commemorating the five-year anniversary of the PowerShares DB Commodity Index Tracking Fund (NYSE Arca: DBC), the first and largest broad-based commodity ETF listed in the U.S.
"Since 2006, we have built on the success of DBC to offer a comprehensive platform of commodity ETFs and ETNs, including products that take a long, short, or leveraged view on the performance of agricultural commodities, oil and metals."
DBC, the original commodity ETF designed with a rules-based index methodology, helps investors minimize the effects of negative roll yield that can be experienced with conventional commodity indexes.
Since its inception, DBC has outperformed two benchmark broad commodity indexes as well as the S&P 500. For the five-year period ending March 31, 2011, DBC achieved a cumulative total return of 36.14% based on NAV (net asset value), significantly outperforming the two benchmark broad commodity indexes, which had a cumulative total returns ranging between -15.61% and 13.50% (see chart below).
aThe PowerShares DB Commodity Index Tracking Fund has provided investors convenient, low-cost access to the commodity markets for five years,a said Martin Kremenstein, Chief Investment Officer, DB Commodity Services LLC. aSince 2006, we have built on the success of DBC to offer a comprehensive platform of commodity ETFs and ETNs, including products that take a long, short, or leveraged view on the performance of agricultural commodities, oil and metals.a
aWe are honored to celebrate this five-year milestone for DBC, which has delivered on its goal of providing investors improved risk-adjusted returns compared to leading broad commodity benchmarks,a said Ben Fulton, managing director of global ETFs, Invesco PowerShares. aWe are committed to continuing to educate investors about the benefits of commodities and the PowerShares DB product suite.a
Below is a history of DBCa™s annualized performance over the past five years.
DBC Fund History (%) | 1 Year | 3 Year | 5 Year | Since DBC Inception (Feb. 3, 2006) | ||||
NAV (net asset value) | 29.57 | -4.71 | 6.36 | 6.08 | ||||
Market Price | 29.72 | -4.66 | 6.32 | 5.68 | ||||
Benchmark Index History (%) | ||||||||
S&P GSCI Commodity Index | 22.73 | -12.41 | -3.34 | -3.75 | ||||
DJ-UBS Commodity Index | 28.49 | -5.2 | 2.56 | 1.76 | ||||
S&P 500 Index | 15.65 | 2.35 | 2.62 | 3.09 | ||||
Source, Bloomberg, L.P., as of March 31, 2011. Past performance is not a guarantee of future results; current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and Shares, when redeemed, may be worth more or less than their original cost. See invescopowershares.com to find the most recent month-end performance numbers. DBCa™s Gross Expense Ratio is 0.85%, and the Estimated Futures Brokerage Fee is 0.08%.
For more information about Deutsche Banka™s exchange-traded products business in the U.S., please visit: [ http://www.dbfunds.db.com ].
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
[ www.db.com ]
About Invesco PowerShares
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 145 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $60 billion as of March 31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at [ www.invescopowershares.com ].
Invesco PowerShares is part of Invesco Ltd., a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at [ www.invesco.com ].
The PowerShares DB Commodity Index Tracking Fund is based on the DBIQ Optimum Yield Diversified Commodity Index Excess Returna" and managed by DB Commodity Services LLC. The Index is a rules-based index composed of futures contracts on 14 of the most heavily-traded and important physical commodities in the world. You cannot invest directly in an index.
The S&P GSCI Commodity Index a" Total Returna" and the Dow Jones a" UBS Commodity Index Total Return Index (DJ-UBS Commodity) are unmanaged indexes used as a measurement of change in commodity market conditions based on the performance of a basket of commodities. The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market. S&P GSCI Commodity Index a" Total Returna" is a trademark of Standard & Poor's, a Division of The McGraw-Hill Companies, Inc. Dow Jones a" UBS Commodity Index Total Return IndexSM is a trademark of Dow Jones & Co., Inc. and UBS Securities LLC.
Commodities and futures generally are volatile and are not suitable for all investors. The Fund will be successful only if significant losses are avoided. Please review the prospectus regarding specific break-even figures for the Fund.
Cumulative returns is the aggregate amount that an investment has gained (including dividends and interest) or lost over time, indicative of performance of involved. An ETN is an exchange-traded note. Ordinary brokerage fees apply. Generally, futures-based ETFs sell their current contract before it expires and buy into the next month's contract. This process is called "rolling" futures contracts forward.
The Fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Fund.
Shares in the Fund are not FDIC insured, may lose value and have no bank guarantee.
Certain marketing services may be provided for these products by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Invesco Distributors, Inc. will be compensated by Deutsche Bank or its affiliates for providing these marketing services. Neither Invesco Distributors, Inc. or Invesco PowerShares Capital Management LLC are affiliated with Deutsche Bank.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC.
ALPS Distributors, Inc. is the distributor of the Fund.
Invesco PowerShares Capital Management LLC is not affiliated with ALPS Distributors, Inc.
The PowerShares DB funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.
To download a copy of the Funda™s prospectus, please click [ http://www.powershares.com/dbcpro ].