What is DBA?

DBA tracks an index of 10 agricultural commodity futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBA 1.02% -4.67% 0.35% 0.41% 7.63% 1.09% -3.51%
DBA (NAV) 1.29% -4.43% 0.66% 0.69% 7.67% 1.14% -3.50%
DBIQ Diversified Agriculture Index -- -- -- -- -- -- --
S&P GSCI Agriculture -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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.

DBA Summary Data

Invesco
01/05/07
0.93%
$1.30B
DBIQ Diversified Agriculture Index
S&P GSCI Agriculture
Commodities Pool

Peers

S&P GSCI Agriculture

Fund Flows

-$0.04B 5 Days
-$0.13B 30 Days
-$0.23B 90 Days

DBA Portfolio Data

Futures
Optimized
Annually
--

DBA Index Data

DBIQ Diversified Agriculture Index
Fixed
Fixed
S&P GSCI Agriculture

DBA Portfolio Management

0.93%
--
--
--

DBA Tax Exposures

27.84% / 27.84%
--
Yes

DBA Fund Structure

Commodities Pool
Yes
N/A
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

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

1,004,261
$20.10M
945,951
$18.84M
0.05%
$0.01
0.00%
1.34% / -1.01%
None
100.00%
100,000
9.46
0.01%
--
160,505
$19.86
5

DBA Sector Breakdown

DBA Segment
Benchmark
49.47% --
43.76% --
6.78% --

DBA Top 10 Targeted Commodity Weights

49.47%
32.36%
7.59%
3.80%
100.00%

DBA Performance Statistics

--
--
0.56
0.47
0.01%

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.