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Launched · SEC filings

Invesco DB Agriculture Fund

DBANYSE ArcaC

$28.43−0.01 (−0.04%)

At close: Oct 13, 2026, 4:00 PM

C45/ 100

Rank 5 of 6 in Agriculture Futures

C45/100Rank 5 of 6inAgriculture Futures
Intraday session: down, 79 prints from 28.44 to 28.43. Range 28.41 to 28.59. Use the arrow keys to read each point.28.4028.5028.5528.6010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$1.3B
1Y total return
+11.9%
Yield · Last 12 months
3.21%
Holdings
14
Avg volume · 30D
1.2M sh
NAV per share
$28.36
52W range
low $25.40high $29.52
Launched
Filings
SEC EDGAR

The ETF.net DBA Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Agriculture Futures⁠
Rank
5 of 6
Six-pillar profile for DBA. Scores out of 100: Cost 20, Risk 70, Mission not scored, Tradability 83, Holdings 12, Durability 78. Strongest: Tradability (83). Weakest: Holdings (12). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 5 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 1 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 1 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F12 out of 100
    Rank 2 of 3

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 1 of 6

Our read on DBA

ETF.net Research

COne of the original broad agriculture funds, running since 2007: a futures basket tracking the DBIQ Diversified Agriculture index instead of a bet on one crop, wrapped in a commodity pool that sends a K-1.

Stated mandate

The fund seeks to track positive or negative changes in the DBIQ Diversified Agriculture Index Excess Return.

Why people hold it

  1. 01Launched in 2007, it is among the longest-running broad agriculture futures funds, and it stays actively traded at multi-billion-dollar size in a corner where many funds are thin.
  2. 02Diversified by design: it tracks an index of agricultural futures rather than a single crop, unlike concentrated peers such as CORN (corn) and CANE (sugar).invesco.com
  3. 03Exposure comes from commodity futures, not farm-sector stocks, so the fund follows crop prices rather than the equity market.invesco.com

Worth knowing

  1. 01The 0.90% expense ratio runs above the group median of 0.75%, and Invesco's own no-K-1 agriculture fund, PDBA, carries 0.75%.
  2. 02It is a commodity pool partnership, so tax time means a Schedule K-1 rather than a 1099.invesco.com
  3. 03The benchmark is an excess-return futures index, not spot crop prices, and any cash payouts come annually or semiannually rather than on a monthly schedule.

DBA Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
14
Top-10 weight
160%
Largest holding
AGPXX85.3%

Sectors

  • Health Care16.8%
  • Industrials15.2%
  • Financials13.7%
  • Consumer Discretionary11.8%
  • Materials10.7%
  • Consumer Staples8.8%
  • Communication7.4%
  • Technology6.3%
  • Energy5.2%
  • Utilities2.9%
  • Real Estate1.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AGPXXInvesco Government & Agency Portfolio85.29%1,101,414,019$1.1B235
002—CBOT Soybean Future 11/12/202714.56%2,977$188M2
003—CBOT Corn Future 09/14/202713.78%7,108$178M2
004TBLLInvesco Short Term Treasury ETF9.28%1,133,800$120M5
005—CBOT Wheat Future 07/14/20277.04%2,616$91M2
006—CBOT Soybean Oil Future 12/14/20266.75%2,135$87M2
007—NYBOT CSC Number 11 World Sugar Future 06/30/20276.35%3,847$82M2
008—KCBT Hard Red Winter Wheat Future 07/14/20275.75%2,013$74M2
009—NYBOT CTN Number 2 Cotton Future 12/08/20265.64%1,810$73M2
010—CBOT Soybean Meal Future 12/14/20265.33%1,881$69M2
011—Cash Collateral4.78%61,713,019$62M29
012—NYBOT CSC C Coffee Future 12/18/20264.11%493$53M2
013—Cash & Equivalents0.57%7,368,889$7M88
014—USD Pending Dividends0.08%0$1M241

Showing 1–14 of 14 holdings

DBA Performance

Launched Jan 5, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBA$11,193
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DBA $11,193. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DBA. Periods over one year show the average yearly return.
PeriodDBA
Year to date+11.4%
1 month−1.7%
3 months+2.4%
1 year+11.9%
3 yearsper year+14.1%
5 yearsper year+10.7%
10 yearsper year+5.2%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBA
YearReturn barDBA
2026 YTD+11.4%
2025−0.6%
2024+33.5%
2023+7.6%
2022+2.5%
2021+22.4%
2020−2.5%

DBA in the news

DBA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
3.21%Last 12 months
Payout per share
$0.91Last 12 months
Last payment
$0.91 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.18; Dec 23, 2019 $0.26; Dec 19, 2022 $0.10; Dec 18, 2023 $0.96; Dec 23, 2024 $1.08; Dec 22, 2025 $0.91. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.91
Dec 23, 2024Dec 27, 2024$1.08
Dec 18, 2023Dec 22, 2023$0.96
Dec 19, 2022Dec 23, 2022$0.10
Dec 23, 2019Dec 31, 2019$0.26
Dec 24, 2018Dec 31, 2018$0.18
Dec 15, 2008Data unavailable$0.45
Dec 17, 2007Data unavailable$0.45

DBA Risk

How much the fund’s monthly returns vary, scaled to a year.
12.7%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.75
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.9%
Trough Jul 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DBA Cost

Expense ratio0.90%
  • The middle half of Agriculture Futures funds
  • Median 0.68%

Every other Agriculture Futures fund charges less.

DBA costs $90.00 a year on $10,000. The median Agriculture Futures fund costs $68.00.

Other funds in Agriculture Futures

See others