DBAInvesco DB Agriculture Fund
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.
DBA Summary Data
DBA Portfolio Data
DBA Index Data
DBA Portfolio Management
DBA Tax Exposures
DBA Fund Structure
DBA Factset Analytics Block Liquidity
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 Sector Breakdown
DBA Top 10 Targeted Commodity Weights
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.