Invesco DB Agriculture Fund Gains 72.23% Over Five Years, Yields 3.56%
Invesco DB Agriculture Fund has delivered a 72.23% gain over five years, is up 1.96% in 2026 and offers a 3.56% dividend yield with a 0.85% expense ratio. Trade tariffs and supply disruptions pushed agricultural futures as Food CPI rose from 337.75 to 345.17, boosting demand for the ETF.
1. Fund Performance and Yield
Invesco DB Agriculture Fund has traded since January 2007 and has generated a 72.23% return over five years, adding 1.96% in 2026. The ETF distributes a 3.56% annual dividend while maintaining a 0.85% expense ratio.
2. Macro Drivers
Rising Food CPI readings, which climbed from 337.75 in April 2025 to 345.17 in January 2026, have lifted agricultural futures prices. Tariffs on key crops and supply chain disruptions have increased volatility in futures markets, directly influencing the fund’s underlying contracts.
3. Income Mechanics and Collateral
About 40% of the fund’s assets are held in short-term Treasuries and government money market instruments to collateralize its agricultural futures positions. The majority of its 3.56% distribution is generated by interest on this collateral rather than by commodity price gains.