DBA

Invesco DB Agriculture Fund
B

39
*Unless otherwise stated, data provided by FactSet.

DBA Fund Description

The Invesco DB Agriculture Fund tracks an index of 10 agricultural commodity futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

DBA Factset Analytics Insight

DBA's take on agriculture futures looks and behaves very little like our benchmark. It broadens its holdings to include livestock in its universe in exchange for under-weighting heavily produced commodities like corn and wheat, and chooses the contracts it holds based on the shape of the futures curve (in order to dampen contango effects). Investors will therefore get less sensitivity to short-term spot movements, as well as exposure to different risk factors. Still, it's an easy fund to trade, with high daily volumes and extremely low spreads for the segment. The fund is reasonably priced, though the fund's structure as a commodities pool means that holders will receive a K-1, which could be a headache.

DBA CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBA -5.47% -9.29% -7.89% -13.43% -8.77% -7.21% -7.19%
DBA (NAV) -5.42% -9.19% -7.80% -13.35% -8.77% -7.19% -7.17%
MSCI Brazil IMI Financials -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBA Top 10 Holdings

DBA Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.89%
$633.79M
$11.60M
0.05%

DBA Portfolio Data

Futures
Optimized
Annually
--

DBA Index Data

Fixed
Fixed
MSCI Brazil IMI Financials

DBA Portfolio Management

0.89%
-1.01%
-0.79%
-1.22%

DBA Tax Exposures

27.84% / 27.84%
--
Yes

DBA Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DBA Factset Analytics Block Liquidity

As of 07/19/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DBA. DBA is rated a 5 out of 5.

DBA Tradability

636,812
$11.60M
478,093
$9.04M
0.05%
$0.01
0.00%
0.22% / -0.24%
None
100.00%
200,000
2.39
0.01%
--
42,121
$17.30
5

DBA SECTOR BREAKDOWN


DBA
Segment Benchmark
75.15%
68.29%
24.85%
31.71%

DBA TOP 10 TARGETED COMMODITY WEIGHTS

20.37%
19.65%
18.37%
12.23%
8.76%
8.47%
7.92%
4.18%
0.06%
100.01%

DBA Tenor Strategy

DBA's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

DBA Rolling Strategy

DBA rolls contracts between the 2nd and 6th business days each month.

DBA Performance Statistics

0.66
0.52
0.56
0.47
0.01%