DBA

Invesco DB Agriculture Fund
*Unless otherwise stated, data provided by FactSet.

DBA Fund Description

DBA 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 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). Specifically, the underlying index includes corn, soybeans, wheat, Kansas City wheat, sugar, cocoa, coffee, cotton, live cattle, feeder cattle, and lean hogs. Investors will therefore get less sensitivity to short-term spot movements, as well as exposure to different risk factors. The fund's structure as a commodities pool means that holders will receive a K-1. The fund and the underlying index undergoes annual rebalance and reconstitution each November.

PERFORMANCE [as of 10/15/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBA 4.09% 7.44% 19.89% 30.83% 4.22% -0.08% -4.19%
DBA (NAV) 2.36% 4.76% 18.93% 28.86% 3.47% -0.48% -4.48%
DBIQ Diversified Agriculture Index -- -- -- -- -- -- --
S&P GSCI Agriculture -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBA Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.94%
$924.79M
$15.90M
0.05%

DBA Portfolio Data

Futures
Optimized
Annually
10

DBA Index Data

DBIQ Diversified Agriculture Index
Fixed
Fixed
S&P GSCI Agriculture

DBA Portfolio Management

0.94%
--
--
--

DBA Tax Exposures

27.84% / 27.84%
--
Yes

DBA Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily

DBA Factset Analytics Block Liquidity

As of 10/18/21
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

835,968
$15.90M
742,705
$14.35M
0.05%
$0.01
0.04%
0.33% / -0.46%
None
100.00%
200,000
3.71
0.01%
--
170,633
$19.18
5

DBA Sector Breakdown


DBA
Segment Benchmark
75.15%
68.29%
24.85%
31.71%

DBA Top 10 Targeted Commodity Weights

61.33%
8.68%
4.34%
4.34%
4.34%
2.71%
1.95%
1.95%
0.65%
100.00%

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

--
--
0.56
0.47
0.01%