PowerShares DB Commodity Long ETN (DPU)

This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund.

 

TOP CONTRIBUTORS

Ankur Dhamija

PowerShares DB Commodity Long ETN (DPU)

Overview

The PowerShares DB Commodity Double Long Exchange Traded Note (Symbol: DYY), PowerShares DB Commodity Long Exchange Traded Note (Symbol: DPU), PowerShares DB Commodity Short Exchange Traded Note (Symbol: DDP) and PowerShares DB Commodity Double Short Exchange Traded Note (Symbol: DEE) (collectively, the "PowerShares DB Commodity ETNs") are the first United States exchange traded products that provide investors with a cost-effective and convenient way to take a long, short or leveraged view on the performance of a broad-based commodity index.

All of the PowerShares DB Commodity ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index™ (the "Index") which is designed to reflect the performance of certain wheat, corn, light sweet crude oil, heating oil, gold and aluminum futures contracts plus the returns from investing in 3 month United States Treasury Bills. The Long and Double Long ETNs are based on the Optimum Yield™ version of the Index and the Short and Double Short ETNs are based on the standard version of the Index. The Optimum Yield™ version of the Index attempts to minimize the negative effects of contango and maximize the positive effects of backwardation by applying flexible roll rules to pick a new futures contract when a contract expires. The standard version of the Index, which does not attempt to minimize the negative effects of contango and maximize the positive effects of backwardation, uses static roll rules that dictate that an expiring futures contract must be replaced with a contract having a pre-defined expiration date.

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Fund Information

• Fund Manager – DB Commodity Services
• Inception Date - 4/28/08
• Maturity Date - 4/01/38
• Exchange – NYSE Arca
• Index Ticker - DPU
• Intra-day NAV Ticker – DPU.IV
• Expense Ratio- 0.75%

Top Holdings

Holdings as of 01/25/2010

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References

1. ↑ ^{1.0 1.1} [ http://www.dbfunds.db.com/Notes/Commodities/index.aspx - PowerShares DB Commodity Long ETN (DPU)]

Other Commodity ETFs