Exchange-Traded Funds (ETFs)

DBV - PowerShares DB G10 Currency Harvest Fund

Commodities and Currencies - Currencies

Product Details

The PowerShares DB G10 Currency Harvest Fund seeks to track changes, whether positive or negative, in the level of the Deutsche Bank G10 Currency Future Harvest Index — Excess Return™ ("DB G10 Currency Harvest 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 currency futures. The Index is composed of currency futures contracts on certain G10 currencies and is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates. The G10 currency universe from which the Index selects currently includes U.S. dollars, euros, Japanese yen, Canadian dollars, Swiss francs, British pounds, Australian dollars, New Zealand dollars, Norwegian krone and Swedish krona. The Fund seeks to track the Index, which is designed to reflect the return from investing up to a 2:1 leveraged basis (immediately upon rebalancing, which may then increase or decrease) in long currency futures positions for certain currencies associated with relatively high yielding interest rates and in short currency futures positions for certain currencies associated with relatively low yielding interest rates. The Fund and the Index are rebalanced and reconstituted quarterly.

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 the Fund is leveraged, even a small movement in the market price 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 G10 Currency Harvest Index 2.96 -3.05 3.24 5.88 N/A 1.95
S&P 500 Index 1.81 21.86 14.66 21.16 7.42 7.02
U.S. Treasury Bills Index 0.01 0.05 0.06 0.09 1.51 1.00
Fund History (%)
Fund NAV 2.83 -3.86 2.43 5.00 N/A 1.19
Fund Market Price 2.99 -3.96 2.42 4.88 N/A 1.15

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.

The Fund's exchange listing date: Sept. 18, 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 (DBCFHX). 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 (DBHVFTR) are displayed. Please see www.dbxus.com for current DBCFHX 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 (DBCFHX). 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 (DBHVFTR) are displayed.

as of 04/15/2014 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
AUD 06/16/2014 33.80% 33.33%
CHF 06/16/2014 -32.24% -33.33%
JPY 06/16/2014 -32.35% -33.33%
NOK 06/16/2014 32.68% 33.33%
NZD 06/16/2014 33.05% 33.33%
USD 06/16/2014 -32.53% -33.33%

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 0.27000 0.00000 - - 0.27000
12/17/2007 12/19/2007 12/28/2007 0.80000 0.00000 - - 0.80000

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 1 0 0 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 0 0 0

Fund Inception: 09/18/2006

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

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

Investment in foreign exchange related products is subject to many factors that contribute to or increase volatility, such as national debt levels and trade deficits, changes in domestic and foreign interest rates, and investors' expectations concerning interest rates, currency exchange rates and global or regional political, economic or financial events and situations.

Although short selling theoretically exposes the Fund to unlimited losses, the Fund's losses could result in the total loss of your investment.

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 500® Index is an unmanaged index considered representative of the U.S. stock market. The T-Bill 3 Month Index (U.S. Treasury Bills Index) is tracked by Lipper to provide performance for the 3-month U.S. Treasury Bill.

as of 04/16/2014
3:59 PM EST

DBV

  • Last Trade $26.14
  • Current IIV $26.14
  • Change $0.09
  • % Change 0.35%
as of 04/15/2014
  • NAV at market close $26.10
as of 04/15/2014

Closing

  • Closing Price $26.05
  • Bid/Ask Midpoint $26.06
  • Bid/Ask Prem/Disc -$0.04
  • Bid/Ask Prem/Disc -0.15%

Fund Details

  • Fund Ticker DBV
  • CUSIP # 73935Y102
  • ISIN US73935Y1029
  • Intraday NAV FBV
  • Index Ticker DBCHFX
  • Index Provider Deutsche Bank AG London
  • Management Fee 0.75%
  • Est. Futures Brokerage Fee 0.06%
  • Total Expense Ratio 0.81%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 09/18/2006
as of 04/16/2014

Quick Facts

  • Previous Close $26.05
  • Open $26.11
  • Today's High $26.17
  • Today's Low $25.99
  • Today's Volume 23,179
  • 52 Week High $27.99
  • 52 Week Low $24.41
  • Shares Outstanding 6.40MM
  • Market Value $167.0MM

Materials & Resources