Institutional

DBV

Alternative | Currency

Invesco DB G10 Currency Harvest Fund

Product Details

The Invesco 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 Future Harvest Index ER or Index) plus the interest income from the Fund's holdings of primarily US Treasury securities and money market income less the Fund's expenses. 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 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 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 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
DB G10 Currency Future Harvest Index ER -1.06 -1.06 0.66 0.84 0.63 0.08
DB G10 Currency Future Harvest Index TR -0.69 -0.69 2.16 2.00 1.23 1.02
US Dollar Index -6.69 -6.69 -0.80 -1.83 1.30 0.33
Fund History (%)
Fund NAV -1.19 -1.19 1.42 1.18 0.39 0.22
Fund Market Price -1.19 -1.19 1.33 1.12 0.41 0.19
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
DB G10 Currency Future Harvest Index ER -1.06 -1.06 0.66 0.84 0.63 0.08
DB G10 Currency Future Harvest Index TR -0.69 -0.69 2.16 2.00 1.23 1.02
US Dollar Index -6.69 -6.69 -0.80 -1.83 1.30 0.33
Fund History (%)
Fund NAV -1.19 -1.19 1.42 1.18 0.39 0.22
Fund Market Price -1.19 -1.19 1.33 1.12 0.41 0.19

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. Call 800-983-0903 for the most recent month-end performance. An investor cannot invest directly in an index. The Fund's performance from inception up to and including February 23, 2015, reflects performance associated with the predecessor managing owner. Performance on and after February 23, 2015, reflects performance associated with the current managing owner, Invesco Capital Management LLC. 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.

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.

Because the Fund collateralizes its futures positions primarily with US Treasuries, money market funds and TBill ETFs,the results of the total return Deutsche Bank G10 Currency Future Harvest Index Total Return (DB G10 Currency Future Harvest Index TR) (Symbol: DBHVFTR) are also displayed. Please see invesco.com for indicative intra-day NAV and last end-of-day NAV.

as of 09/30/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2020. 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 (DBCFHX). Because the Fund collateralizes its futures positions with primarily US Treasuries, the results of the total return version of the Index (DBHVFTR) are also displayed.

as of 01/15/2021 Holdings | View All

Fund Holdings subject to change

Futures % of Net Assets
Norwegian Krone 34.51
New Zealand Dollar 33.41
Canadian Dollar 32.88
Euro -32.25
Swiss Franc -32.28
Swedish Krona -33.27
Swaps % of Net Assets
No holdings available

Collateral % of Net Assets
United States Treasury Bill 57.42
STIT - Government & Agency Portfolio 43.00

A negative in Cash or Other, as of the date shown, is normally due to fund activity that has accrued or is pending settlement.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
12/23/2019 12/24/2019 12/31/2019 0.34450 - - - 0.34450 -
12/24/2018 12/26/2018 12/31/2018 0.27576 - - - 0.27576 -
12/18/2017 12/19/2017 12/29/2017 0.01921 0.00000 - - 0.01921 -
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
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
12/31/2020 64 4 0 0 0 0 0
09/30/2020 64 5 0 0 0 0 0
06/30/2020 63 3 0 0 0 0 0
03/31/2020 62 4 2 1 0 1 0
Year Ended 2020 253 16 2 1 0 1 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
12/31/2020 64 32 20 8 0 0 0
09/30/2020 64 27 24 7 1 0 0
06/30/2020 63 15 23 21 1 0 0
03/31/2020 62 9 24 17 1 1 2
Year Ended 2020 253 83 91 53 3 1 2

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.

Premiums/Discounts

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

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.

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.

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

Please review the prospectus for break-even figures for 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.

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.

Short selling theoretically exposes the Fund to unlimited losses, which may result in the total loss of your investment.

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

This Fund issues a Schedule K-1.

The Shares of the Fund are not deposits, interests in or obligations of any Deutsche Bank AG, Deutsche Bank AG London Branch, DWS Investment Management Americas Inc. ("DIMA") 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 G10 Currency Future Harvest Index® – Excess Return and Deutsche Bank G10 Currency Future Harvest Index® – Total Return (the "Indices") are products of Deutsche Bank AG and/or its affiliates. Information regarding these Indices is reprinted with permission. ©Copyright 2020. All rights reserved. Deutsche Bank®, DBTM, Deutsche Bank G10 Currency Future Harvest Index® – Excess Return and Deutsche Bank G10 Currency Future Harvest Index® – Total Return are trademarks of Deutsche Bank AG. The Indices and trademarks have been licensed for use for certain purposes by Invesco Capital Management LLC, an affiliate of Invesco Distributors, Inc. The Fund is not sponsored, endorsed, sold or promoted by DB Parties or their third party licensors and none of such parties makes any representation, express or implied, regarding the advisability of investing in the Fund, nor do such parties have any liability for errors, omissions, or interruptions in the Indices. 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.

Invesco Capital Management LLC and Invesco Distributors, Inc. are not affiliated with DWS Investment Management Americas Inc.

The U.S. Dollar Index (USDX®) provides a general indication of the international value of the USD by averaging the exchange rates between the USD and the six major world currencies in the Spot Index - Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.