PowerShares ETFs

DBS - PowerShares DB Silver Fund

Alternative - Commodities

Product Details

The PowerShares DB Silver Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Silver Index Excess Return™ (DBIQ Opt Yield Silver Index ER) plus the interest income from the Fund's holdings of primarily US Treasury securities less the Fund's expenses. 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 silver.

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 06/30/2015 06/30/2015

Performance


   
as of 06/30/2015 06/30/2015
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
DBIQ Opt Yield Silver Index ER -0.63 -26.81 -18.14 -4.39 N/A 1.22
DBIQ Opt Yield Silver Index TR -0.62 -26.79 -18.10 -4.33 N/A 1.97
Fund History (%)
Fund NAV -0.72 -28.45 -19.42 -5.54 N/A 0.94
Fund Market Price -0.91 -28.20 -19.13 -5.34 N/A 0.97

Monthly Performance

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. Returns less than one year are cumulative. 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.

The Fund's exchange listing date: Jan. 5, 2007. 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 (DBCMYESI). Because the Fund collateralizes its futures positions with primarily US Treasuries, the results of the total return (DBIQ Optimum Yield Silver Index Total Return™ or DBIQ Opt Yield Silver Index TR) version of the Index (DBCMYTSI) are also displayed. Please refer to Intraday Stats at the top of this page for 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. Returns less than one year are cumulative.

as of 06/30/2015

Growth of $10,000

Data beginning Fund inception and ending 06/30/2015. Fund performance shown at NAV.

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. Returns less than one year are cumulative. An investor cannot invest directly in an index.

The Fund seeks to track the excess return version of the Index (DBCMYESI). Because the Fund collateralizes its futures positions with primarily US Treasuries, the results of the total return version of the Index (DBCMYTSI) are also displayed.

as of 09/02/2015 Index Weights

Commodity Contract Expiry Date Index Weight Base Weight
Silver 01/27/2016 100.00% 100.00%

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 0.22000 0.00000 - - 0.22000
12/17/2007 12/19/2007 12/28/2007 0.87000 0.00000 - - 0.87000

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%
06/30/2015 63 1 1 0 3 1 0
03/31/2015 61 5 2 1 5 3 0
12/31/2014 64 7 0 1 7 6 1
09/30/2014 64 6 0 0 1 1 0
Year Ended 2014 252 19 1 2 18 9 2

Fund Inception: 01/05/2007

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.

Because the Fund focuses on a single sector, it may experience greater volatility.

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 Shares are not deposits, interests in or obligations of any Deutsche Bank, AG, Deutsche Bank, AG London, Deutsche Bank Securities, Inc. or any of their respective subsidiaries or affiliates or any other bank (collectively, the "DB Parties") and are not guaranteed by the DB Parties.

"Deutsche Bank," "DBIQ Optimum Yield Silver Index Excess Return™" and "DBIQ Optimum Yield Silver Index Total Return™" are reprinted with permission. © Copyright 2015 Deutsche Bank AG. All rights reserved. "Deutsche Bank," "DBIQ Optimum Yield Silver Index Excess Return™" and "DBIQ Optimum Yield Silver Index Total Return™" are service marks of Deutsche Bank AG and have been licensed for use for certain purposes by Invesco Distributors, Inc. The Fund is not sponsored or endorsed by Deutsche Bank AG. Deutsche Bank AG, as Index Provider, makes no representation, express or implied, regarding the advisability of investing in this product. As the Index Provider, Deutsche Bank AG is licensing certain trademarks, the underlying Index and trade names which are composed by Deutsche Bank AG without regard to Index, this product or any investor.

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 09/03/2015
3:20 PM EST

DBS
Intraday Stats

  • Last Trade $23.33
  • Current IIV $23.44
  • Change $0.12
  • % Change 0.52%
as of 09/03/2015
  • NAV at market close $23.44
as of 09/03/2015

Prior Close

  • Closing Price $23.21
  • Bid/Ask Midpoint $23.37
  • Bid/Ask Prem/Disc -$0.07
  • Bid/Ask Prem/Disc -0.30%

Fund Details

  • Fund Ticker DBS
  • CUSIP # 73936B309
  • ISIN US73936B3096
  • Intraday NAV DBSIV
  • Index Ticker DBCMYESI
  • Index Provider Deutsche Bank AG London
  • Management Fee 0.75%
  • Est. Futures Brokerage Fee 0.04%
  • Total Expense Ratio 0.79%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 01/05/2007
as of 09/03/2015

Quick Facts

  • Previous Close $23.21
  • Open $23.52
  • Today's High $23.83
  • Today's Low $23.26
  • Today's Volume 14,263
  • 52 Week High $31.59
  • 52 Week Low $22.22
  • Shares Outstanding .80MM
  • Market Value $18.8MM