What this ETF is trying to do

The Invesco DB Agriculture Fund (DBA) is an exchange-traded fund (ETF) that focuses on the agriculture sector. It allows investors to gain exposure to agricultural markets without having to buy physical crops.

What the numbers show

As of October 9, 2026, the share price of DBA was $28.33. To understand how the price has moved, we can look at the price return (which only tracks the share price) and the total return (which includes distributions).

• Year-to-Date (YTD): Both the price return and total return are 11.01%.

• One Year: The price return was 6.95%, while the total return was 10.78%.

• Three Year: The price return was 31.34%, and the total return was 48.11%.

• Five Year: The total return was 65.40%.

For a simple example, the estimated price from roughly one year ago was $26.49. If an investor had put $10,000 into the ETF based on that estimated price, the value of those shares alone (not including distributions) would have grown by approximately 6.95%.

Income and Distribution Explanation

DBA pays out cash distributions to investors, though it does so on an irregular or less frequent basis. Over the last 12 months, there was one payout. The distribution yield is 3.22%.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time, often meaning the fund is losing its underlying value. According to the data, DBA has an erosion-risk score of 100, and the label states "No price erosion detected." The erosion severity is listed as "good," and there is no severe erosion-risk flag.

Top Holdings

As of October 4, 2026, the fund held the following assets:

• Invesco Short-Term Inv Gov&Agency Instl: 42.85%

• Invesco Short Term Treasury ETF: 4.45%

Pros

• Positive price and total returns over the one, three, and five-year periods.

• No detected price erosion according to the erosion-risk score.

• An income rating grade of "A."

Cons

• Distributions are irregular and less frequent, which may not suit investors who want a steady monthly or quarterly check.

Beginner Takeaway

DBA provides a way to invest in agriculture. While it has shown growth in both share price and total return over several years, investors should look at the total return rather than just the distribution yield to see the full picture of performance.