The Invesco DB Agriculture Fund (DBA) is an exchange-traded fund designed to provide exposure to the performance of agricultural commodities through futures contracts. The ETF is managed by Invesco and trades under the ticker DBA on the NYSE Arca.

Classified as a commodity ETF, the fund invests in futures contracts linked to widely traded agricultural products. Its structure allows investors to gain exposure to agricultural markets without directly trading commodity futures.

The ETF follows a passive investment approach and seeks to replicate the performance of the DBIQ Diversified Agriculture Index Excess Return, a benchmark composed of futures contracts on a diversified basket of agricultural commodities selected according to liquidity and market-representation criteria.

Diversification and sector exposure

DBA provides exposure primarily associated with:

• Corn.

• Soybeans.

• Wheat.

• Sugar.

• Coffee.

• Cocoa.

• Livestock.

The portfolio includes futures contracts tied to multiple areas of the global agricultural sector, providing diversified exposure to markets that play a critical role in the worldwide food and raw-material supply chain.

The ETF’s performance is influenced by factors affecting agricultural commodity supply and demand, including weather conditions, crop yields, inventory levels, and consumption trends.

Structure and costs

DBA shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund obtains exposure primarily through commodity futures contracts and regularly rolls its positions to maintain targeted contract maturities. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

History and evolution of the ETF

The Invesco DB Agriculture Fund was launched in 2007 with the objective of providing investors with streamlined access to global agricultural commodity markets through an exchange-traded vehicle.

Since inception, the fund has tracked multiple agricultural-price cycles shaped by weather patterns, geopolitical developments, and economic conditions affecting food production and consumption worldwide.

In recent years, themes such as food security, climate change, population growth, and evolving global demand for agricultural products have continued to influence the markets represented in the ETF’s portfolio.

Additional Information

Invesco DB Agriculture Fund (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.21 billion.

Over the past 12 months, Invesco DB Agriculture Fund recorded a return of 11.20%, with its price trading between $25.44 and $28.73 during the same period.

The ETF is traded under the ticker DBA.