Powershares Changes Underlying Indexes For Eight Of Their Commodity ETFs (DBC, DBE, DBO, DBP, DGL, DBS, DBB, DBA)

Powershares has changed the underlying indexes for eight of their commodity ETFs. The changes take effect today, February 2, 2011. The funds affected are the PowerShares DB Commodity Index Tracking (NYSE:DBC), PowerShares DB Energy (NYSE:DBE), PowerShares DB Oil (NYSE:DBO), PowerShares DB Precious Metals (NYSE:DBP), PowerShares DB Gold (NYSE:DGL), PowerShares DB Silver (NYSE:DBS), PowerShares DB Base Metals (NYSE:DBB), PowerShares DB Agriculture (NYSE:DBA). There will be no changes to the name, CUSIP, ticker symbol, NAV symbol or IIV symbol for any of the Funds.
 
The index changes are as follows:

Ticker  Fund Name  CUSIP  Old Index  New Index
DBC PowerShares DB Commodity Index Tracking Fund 73935S105 Deutsche Bank Liquid Commodity Index–Optimum Yield Diversified Excess Return DBIQ Optimum Yield Diversified Commodity Index Excess Return
DBE PowerShares DB Energy Fund 73936B101 Deutsche Bank Liquid Commodity Index–Optimum Yield Diversified Excess Return Yield Energy Excess Return DBIQ Optimum Yield Energy Index Excess Return
DBO PowerShares DB Oil Fund 73936B507 Deutsche Bank Liquid Commodity Index–Optimum Yield Crude Oil Excess Return DBIQ Optimum Yield Crude Oil Index Excess Return
DBP PowerShares DB Precious Metals Fund 73936B200 Deutsche Bank Liquid Commodity Index–Optimum Yield Precious Metals Excess Return DBIQ Optimum Yield Precious Metals Index Excess Return
DGL PowerShares DB Gold Fund 73936B606 Deutsche Bank Liquid Commodity Index–Optimum Yield Gold Excess Return DBIQ Optimum Yield Gold Index Excess Return
DBS PowerShares DB Silver Fund 73936B309 Deutsche Bank Liquid Commodity Index–Optimum Yield Silver Excess Return DBIQ Optimum Yield Silver Index Excess Return
DBB PowerShares DB Base Metals Fund 73936B705 Deutsche Bank Liquid Commodity Index–Optimum Yield Industrial Metals Excess Return DBIQ Optimum Yield Industrial Metals Index Excess Return
DBA PowerShares DB Agriculture Fund 73936B408 Deutsche Bank Liquid Commodity Index Diversified Agriculture Excess Return DBIQ Diversified Agriculture Index Excess Return

Description of new indexes:

PowerShares DB Commodity Index Tracking (NYSE:DBC)

The DBIQ Optimum Yield Diversified Commodity Index Excess Return™, or the Index, is intended to reflect the changes in market value, positive or negative, of certain commodities. The Index is (i) calculated on an excess return, or unfunded basis and (ii) rolled in a manner which is aimed at potentially maximizing the roll benefits in backwardated markets and minimizing the losses from rolling in contangoed markets. The commodities comprising the Index are Light Sweet Crude Oil (WTI), Heating Oil, RBOB Gasoline, Natural Gas, Brent Crude, Gold, Silver, Aluminum, Zinc, Copper Grade A, Corn, Wheat, Soybeans, and Sugar, each of which we call an Index Commodity. The sponsor of the Index is Deutsche Bank AG London, the Index Sponsor.

PowerShares DB Energy (NYSE:DBE)

DBIQ Optimum Yield Energy Index Excess Return™, or DBIQ-OY Energy ER™, is intended to reflect the energy sector.

PowerShares DB Oil (NYSE:DBO)

DBIQ Optimum Yield Crude Oil Index Excess Return™, or DBIQ-OY CL ER™, is intended to reflect the changes in market value of the crude oil sector.

PowerShares DB Precious Metals (NYSE:DBP)

DBIQ Optimum Yield Precious Metals Index Excess Return™, or DBIQ-OY Precious Metals ER™, is intended to reflect the precious metals sector.

PowerShares DB Gold (NYSE:DGL)

DBIQ Optimum Yield Gold Index Excess Return™, or DBIQ-OY GC ER™, is intended to reflect the changes in market value of the gold sector.

PowerShares DB Gold (NYSE:DGL), PowerShares DB Silver (NYSE:DBS)

DBIQ Optimum Yield Silver Index Excess Return™, or DBIQ-OY SI ER™, is intended to reflect the changes in market value of the silver sector.

PowerShares DB Base Metals (NYSE:DBB)

DBIQ Optimum Yield Industrial Metals Index Excess Return™, or DBIQ-OY Industrial Metals ER™, is intended to reflect the base metals sector.

PowerShares DB Agriculture (NYSE:DBA)

DBIQ Diversified Agriculture Index Excess Return™, or DBIQ Diversified Agriculture ER™, is intended to reflect the agricultural sector.

Leave a Reply

Your email address will not be published. Required fields are marked *