Access Commodities

Institutional Caliber Exposure to Commodities and Currencies

PowerShares by Invesco continues to lead the intelligent ETF revolution by providing institutional caliber products that seek to replicate enhanced indexes. PowerShares DB commodity and currency funds provide investors cost-effective and convenient access to the global commodity and currency markets through rules-based commodity and currency indexes.1

An Industry Leader

Since entering the commodity ETF market in 2006, PowerShares and DB have been industry leaders launching the first broad-based commodity ETF (DBC) and the first long/short currency ETF (DBV).

An Intelligent Roll Methodology: Optimum Yield

Generally, commodity futures-based ETFs sell their current contracts before they expire and automatically buy into the next month. This process is called "rolling" futures contracts forward.

Instead of automatically rolling into the next month contract, the PowerShares DB Commodity ETFs use the Optimum Yield Roll process which analyzes the next 13 months and selects the contract that aims to generate the best possible roll yield.

PowerShares DB Commodity Index Tracking Fund (DBC)

Overview | Prospectus

Invests in futures contracts on some of the most heavily traded and important physical commodities in the world.

PowerShares DB Agriculture Fund (DBA)

Overview | Prospectus

Invests in futures contracts on some of the most liquid and widely traded agricultural commodities.

PowerShares DB Base Metals Fund (DBB)

Overview | Prospectus

Invests in futures contracts on some of the most liquid and widely used base metals.

PowerShares DB Energy Fund (DBE)

Overview | Prospectus

Invests in futures contracts on some of the most heavily traded energy commodities in the world.

PowerShares DB Gold Fund (DGL)

Overview | Prospectus

Invests in gold futures contracts.

PowerShares DB Oil Fund (DBO)

Overview | Prospectus

Invests in futures contracts on light sweet crude oil.

PowerShares DB Precious Metals Fund (DBP)

Overview | Prospectus

Invests in futures contracts on two of the most important precious metals — gold and silver.

PowerShares DB Silver Fund (DBS)

Overview | Prospectus

Invests in silver futures contracts.

PowerShares DB G10 Currency Harvest Fund (DBV)

Overview | Prospectus

Invests in currency futures contracts on certain G10 currencies and seeks to benefit from the trend that currencies associated with relatively high interest rates, on average, have tended to rise in value relative to currencies associated with relatively low interest rates. The G10 currency universe includes US dollars, euros, Japanese yen, Canadian dollars, Swiss francs, British pounds, Australian dollars, New Zealand dollars, Norwegian krone and Swedish krona.

PowerShares DB US Dollar Bearish Fund (UDN)

Overview | Prospectus

Takes a short position in USDX futures contracts. The USDX futures contract provides a general indication of the value of the US dollar as compared to six major world currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.

PowerShares DB US Dollar Bullish Fund (UUP)

Overview | Prospectus

Takes a long position in USDX futures contracts. The USDX futures contract provides a general indication of the value of the US dollar as compared to six major world currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.

Rolling Futures
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.

Backwardation
Backwardation occurs when futures contracts are trading lower than spot prices.

Contango
Contango occurs when futures contracts are trading higher than spot prices.

1 Low Cost: Since ordinary brokerage commissions apply for each buy and sell transaction, frequent activity may increase the cost of ETFs.

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

The Funds are speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Funds. Ordinary brokerage commissions apply. See the Prospectus for other risk disclosures.

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

Shares are not individually redeemable and owners of the Shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of aggregations of 200,000 shares.

The Shares of the Funds are not deposits, interests in or obligations of any Deutsche Bank AG, Deutsche Bank AG London Branch, 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.

The indices underlying the above-referenced PowerShares DB funds are products of Deutsche Bank AG and/or its affiliates. Information regarding the Index is reprinted with permission. Deutsche Bank® and DB™ are trademarks of Deutsche Bank AG. The Index and trademarks have been licensed for use for certain purposes by Invesco PowerShares Capital Management LLC, an affiliate of Invesco Distributors, Inc. The above-referenced funds are not sponsored, endorsed, sold or promoted by Deutsche Bank AG, Deutsche Bank AG, London Branch, Deutsche Bank Securities Inc. or any of their affiliates ("Deutsche Bank") or third party licensors and none of such parties makes any representation, express or implied, regarding the advisability of investing in the funds, nor do such parties have any liability for errors, omissions, or interruptions in the indices. The indices are calculated and administered by Deutsche Bank without regards to the Fund.

Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are not affiliated with Deutsche Bank Securities Inc.