Accessing Commodities

Institutional caliber exposure to commodities and currencies

Invesco continues to lead the intelligent ETF revolution by providing institutional caliber products that seek to replicate enhanced indexes. Invesco 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, Invesco 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 Invesco 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.

Invesco 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.

Invesco DB Agriculture Fund (DBA)

Overview | Prospectus

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

Invesco DB Base Metals Fund (DBB)

Overview | Prospectus

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

Invesco DB Energy Fund (DBE)

Overview | Prospectus

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

Invesco DB Gold Fund (DGL)

Overview | Prospectus

Invests in gold futures contracts.

Invesco DB Oil Fund (DBO)

Overview | Prospectus

Invests in futures contracts on light sweet crude oil.

Invesco DB Precious Metals Fund (DBP)

Overview | Prospectus

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

Invesco DB Silver Fund (DBS)

Overview | Prospectus

Invests in silver futures contracts.

Invesco 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.

Invesco 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.

Invesco 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.

Invesco CurrencyShares® Australian Dollar Trust (FXA)

Overview | Prospectus

CurrencyShares Australian Dollar Trust is designed to track the price of the Australian Dollar.

Invesco CurrencyShares® British Pound Sterling Trust (FXB)

Overview | Prospectus

CurrencyShares British Pound Sterling Trust is designed to track the price of the British Pound Sterling.

Invesco CurrencyShares® Canadian Dollar Trust (FXC)

Overview | Prospectus

CurrencyShares Canadian Dollar Trust is designed to track the price of the Canadian Dollar.

Invesco CurrencyShares® Euro Trust (FXE)

Overview | Prospectus

CurrencyShares Euro Trust is designed to track the price of the Euro.

Invesco CurrencyShares® Japanese Yen Trust (FXY)

Overview | Prospectus

CurrencyShares Japanese Yen Trust is designed to track the price of the Japanese Yen.

Invesco CurrencyShares® Swiss Franc Trust (FXF)

Overview | Prospectus

CurrencyShares Swiss Franc Trust is designed to track the price of the Swiss Franc.

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

Risk & other information

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 Invesco 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.

Invesco DB funds:
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 the Prospectus for additional risk disclosures.

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

CurrencyShares trusts:
CurrencyShares are subject to risks similar to those of stocks and may not be suitable for all investors. The value of the Shares relates directly to the value of the respective currency held by the Trust. Fluctuations in the price of the respective currency could materially and adversely affect the value of the Shares.

The respective currency’s’ exchange rate, like foreign exchange rates in general, can be volatile and difficult to predict. This volatility could materially and adversely affect the performance of the Shares. 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.

If interest earned by the Trusts’ do not exceed the Trusts’ expenses, the Trustees will withdraw the currency from the Trust to pay these excess expenses, which will reduce the amount of currency represented by each Share on an ongoing basis and may result in adverse tax consequences for Shareholders.

The interest rate paid by the Depository, if any, may not be the best rate available. If the Sponsor determines that the interest rate is inadequate, then its sole recourse is to remove the Depository and terminate the Deposit Accounts.

If the Trusts incur expenses in USD, the Trusts would be required to sell the respective currency to pay these expenses. The sale of the Trust’s currency to pay expenses in USD at a time of low prices of the currency could adversely affect the value of the Shares.

Substantial sales of the respective security by the official sector could adversely affect an investment in the Shares.

The Funds are subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Funds.