Company Overview of PowerShares DB Commodity Index Tracking Fund
PowerShares DB Multi-Sector Commodity Trust - PowerShares DB Commodity Index Tracking Fund is an exchange traded fund launched by Invesco Ltd. The fund is managed by DB Commodity Services LLC. It invests in the commodity markets. The fund uses futures contracts to invest in commodities like 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. It seeks to replicate the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. The fund was formerly known as Db Commodity Index Tracking Fund. PowerShares DB Multi-Sector Commodity Trust - PowerShares DB Commodity In...
60 Wall Street
New York, NY 10005
Founded in 2005
Key Executives for PowerShares DB Commodity Index Tracking Fund
Chief Financial Officer of DB Commodity Services LLC, Principal of DB Commodity Services LLC, Director of DB Commodity Services LLC and Member of Board of Managers of DB Commodity Services LLC
Chief Operating Officer of DB Commodity Services LLC, Principal of DB Commodity Services LLC, Director of DB Commodity Services LLC and Member of the Board of Managers of DB Commodity Services LLC
Secretary of DB Commodity Services LLC
Compensation as of Fiscal Year 2016.
PowerShares DB Commodity Index Tracking Fund Key Developments
Invesco Announces Change of Distributors
Apr 22 16
PowerShares DB Commodity Index Tracking Fund, ALPS Distributors, Inc. and Invesco PowerShares Capital Management LLC, a Delaware limited liability company entered into a Distribution Services Agreement, effective February 23, 2015, pursuant to which ALPS provides certain distribution services to the Fund. ALPS also assists Invesco and The Bank of New York Mellon with certain functions and duties relating to distribution and marketing of the Fund, including reviewing and approving marketing materials. The Distribution Services Agreement contains customary representations and warranties. The Distribution Services Agreement has an initial two-year term which renews automatically for successive one year periods thereafter and is terminable without penalty upon sixty (60) days' written notice. On April 20, 2016, Invesco provided ALPS with notice of intent to terminate the Distribution Services Agreement effective as of June 20, 2016. There are no termination penalties to be incurred by the Fund, Invesco or ALPS in connection with the early termination of the Distribution Services Agreement. Invesco intends to engage Invesco Distributors, Inc., a registered broker-dealer and an affiliate of Invesco, to provide the Fund with the services currently provided by ALPS pursuant to the Distribution Services Agreement. Invesco expects to have a contract in place with Invesco Distributors, Inc. which will be effective as of the Termination Date.
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