Exchange-Traded Funds (ETFs)

DBC - PowerShares DB Commodity Index Tracking Fund

Commodities and Currencies - Commodity Optimum Yield

Product Details

The PowerShares DB Commodity Index Tracking Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return™ ("DB Commodity Index" or the "Index") plus the interest income from the Fund's holdings of U.S. Treasury securities less the Fund's expenses. DB Commodity Services LLC serves as the Managing Owner of the Fund. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. 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. The Fund and the Index are rebalanced and reconstituted annually in November.

This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund's trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Risk and Other Information" and the Prospectus for additional risk disclosures.

as of 03/31/2014 03/31/2014

Performance


   
as of 03/31/2014 03/31/2014
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
DB Commodity Index 2.16 -3.42 -4.31 5.98 N/A 2.74
S&P GSCI Commodity Index 2.94 1.13 -3.40 6.85 0.04 -3.62
DJ-UBS Commodity Index 6.99 -2.10 -7.37 4.24 0.43 -1.70
S&P 500 Index 1.81 21.86 14.66 21.16 7.42 7.20
Fund History (%)
Fund NAV 1.99 -4.39 -5.11 5.29 N/A 1.81
Fund Market Price 1.91 -4.32 -5.07 5.37 N/A 1.61

Monthly Standardized Report

Performance data quoted represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Call 800-983-0903 for the most recent month-end performance numbers. Investment returns and principal value will fluctuate and shares of the Fund, when redeemed, may be worth more or less than their original cost. An investor cannot invest directly in an index.


Index history has certain inherent limitations and does not represent actual trading performance or returns of the Fund. Index history does not represent trades that have actually been executed and therefore may under or over compensate for the impact, if any, of certain market factors, such as illiquidity. No representation is being made that the Fund will or is likely to achieve profits or losses similar to the Index history.

From Feb. 3, 2006 (the Fund's exchange listing date) to May 24, 2006, the Fund sought to track the non- Optimum Yield version of the Deutsche Bank Liquid Commodity Index™. From May 24, 2006, to Oct. 16, 2009, the Fund sought to track the Optimum Yield version of the Deutsche Bank Liquid Commodity Index™.

As of Oct. 19, 2009, the Fund commenced tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Diversified Excess Return™ (the "Interim Index"). Effective Jan. 1, 2011, the Fund commenced tracking DBIQ Optimum Yield Diversified Commodity Index Excess Return™ (the "Renamed Index") (Symbol: DBLCIX). The Fund's Renamed Index is identical to the Interim Index except with respect to the name of Index. The inception date of January 2007 remains identical. Except as provided in the immediately preceding sentence, all prior underlying formulae, data (e.g., closing levels, measure of volatility, all other numerical statistics and measures) and all other characteristics (e.g., Base Date, Index Sponsor, inception date, rolling,etc.) with respect to the Renamed Index are identical to the Interim Index.

The Index results from each discrete time period reflect the closing levels of each applicable index that the Fund tracked during the corresponding time period.

The Fund's exchange listing date: Feb. 3, 2006. Unless otherwise noted, historical information of all displayed indexes is based on this date.

The Fund seeks to track the excess return version of the Index (DBLCDBCE). Because the Fund collateralizes its futures positions with positions in 3-month U.S. Treasuries, the results of the total return version of the Index (DBLCDBCT) are displayed. Please see www.dbxus.com for current DBLCIX level, Indicative intra-day NAV, and last end-of-day NAV.


Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted.

as of 03/31/2014

Growth of $10,000

Data beginning Fund inception and ending 03/31/2014.

Performance data quoted represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Call 800-983-0903 for the most recent month-end performance numbers. Investment returns and principal value will fluctuate and shares of the Fund, when redeemed, may be worth more or less than their original cost. An investor cannot invest directly in an index.

The Fund seeks to track the excess return version of the Index (DBLCDBCE). Because the Fund collateralizes its futures positions with positions in 3-month U.S. Treasuries, the results of the total return version of the Index (DBLCDBCT) are displayed.

as of 04/23/2014 Index Weights

Throughout the year, the weightings of each commodity component in the Index will naturally change based on changes in the underlying futures prices. The Fund's underlying holdings are rebalanced to the Index's base weights according to the schedule described in the prospectus.

Commodity Contract Expiry Date Index Weight Base Weight
Aluminium 10/15/2014 3.96% 4.17%
Brent Crude 11/13/2014 12.40% 12.38%
Copper - Grade A 06/18/2014 3.70% 4.17%
Corn 12/12/2014 5.75% 5.63%
Gold 08/27/2014 7.58% 8.00%
Heating Oil 05/30/2014 12.33% 12.38%
Light Crude 06/20/2014 12.68% 12.38%
Natural Gas 09/26/2014 6.67% 5.50%
RBOB Gasoline 11/28/2014 12.54% 12.38%
Silver 01/28/2015 1.72% 2.00%
Soybeans 11/14/2014 5.65% 5.63%
Sugar #11 06/30/2014 5.39% 5.63%
Wheat 07/14/2014 5.45% 5.63%
Zinc 12/17/2014 4.16% 4.17%

Distributions will not be made to the shareholders of the Fund for the calendar year ending Jan. 15, 2014. Details

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/15/2008 12/17/2008 12/31/2008 0.34000 0.00000 - - 0.34000
12/17/2007 12/19/2007 12/28/2007 0.76000 0.00000 - - 0.76000

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.50-
0.99%
1.00-
1.99%
>2.00% 0.50-
0.99%
1.00-
1.99%
>2.00%
03/31/2014 61 0 0 0 1 0 0
12/31/2013 64 0 0 0 0 0 0
09/30/2013 64 0 0 0 0 0 0
06/30/2013 64 0 0 0 0 0 0
Year Ended 2013 252 0 0 0 1 0 0

Fund Inception: 02/03/2006

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Commodities and futures generally are volatile and are not suitable for all investors.

The value of the Shares of the Fund relate directly to the value of the futures contracts and other assets held by the Fund and any fluctuation in the value of these assets could adversely affect an investment in the Fund's Shares.

Please review the prospectus for break-even figures for the Fund.

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.

The Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

Shares in the Fund are not FDIC insured may lose value and have no bank guarantee.

This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing.

The S&P GSCI Commodity Index — Total Return™ (S&P GSCI Commodity) and the Dow Jones— UBS Commodity Index Total Return IndexSM (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 — Total Return™ is a trademark of Standard & Poor’s, a Division of The McGraw-Hill Companies, Inc. Dow Jones — UBS Commodity Index Total Return IndexSM is a trademark of Dow Jones & Co., Inc. and UBS Securities LLC.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 04/24/2014
4:00 PM EST

DBC

  • Last Trade $26.68
  • Current IIV $26.68
  • Change $0.16
  • % Change 0.60%
as of 04/24/2014
  • NAV at market close $26.68
as of 04/24/2014

Closing

  • Closing Price $26.52
  • Bid/Ask Midpoint $26.67
  • Bid/Ask Prem/Disc -$0.01
  • Bid/Ask Prem/Disc -0.04%

Fund Details

  • Fund Ticker DBC
  • CUSIP # 73935S105
  • ISIN US73935S1050
  • Intraday NAV DBCIIV
  • Index Ticker DBLCDBCE
  • Index Provider Deutsche Bank AG London
  • Management Fee 0.85%
  • Est. Futures Brokerage Fee 0.08%
  • Total Expense Ratio 0.93%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 02/03/2006
as of 04/24/2014

Quick Facts

  • Previous Close $26.52
  • Open $26.65
  • Today's High $26.71
  • Today's Low $26.61
  • Today's Volume 901,200
  • 52 Week High $27.11
  • 52 Week Low $24.63
  • Shares Outstanding 215.20MM
  • Market Value $5,740.7MM