Key stats
About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Home page
Inception date
Nov 7, 2014
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PDBC offers a quasi-active broad-commodity strategy, delivered in a 1940-Act, plain ETF wrapper. PDBC investors therefore avoid K-1s, mark-to-market capital gains taxes, and counterparty risk, instead relying on the fund's investment in an offshore subsidiary to gain commodity exposure. PDBC's commodity portfolio is nearly identical to that of sibling fund DBC, known for its optimized strategy of selecting futures contracts to mitigate contango. PDBC is actively-managed but it explicitly references DBC's underlying index, which is composed of futures contracts on 14 commodities across the energy, precious metals, industrial metals and agriculture sectors with the aim of outperforming the reverence index.
Classification
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.00%
Top 10 holdings
PDBC Harmonics: ABCD and Butterfly PatternPDBC is an Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund that mostly invests in broad market commodities. The fund holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structure
Economic Game Mechanics: Part 2DISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. The function of this essay is the maddening diatribe of a curious author, and how this one manages micro- and macro-economic data for a critical investigation into the micro- and
Inflation Is Real and Commodities Are Showing ThisInflation fears are getting real yet there appears to be no sign of the money printing ending as a +3 trillion dollar budget agreement has been reached this week in the US, and the unbelievable rally in commodities since March of 2020 is a manifestation of this.
Its been higher higher after higher h
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PDBC trades at 12.54 USD today, its price has fallen −0.79% in the past 24 hours. Track more dynamics on PDBC price chart.
PDBC net asset value is 12.52 today — it's risen 0.84% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PDBC assets under management is 4.31 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PDBC price has fallen by −0.09% over the last month, and its yearly performance shows a −11.75% decrease. See more dynamics on PDBC price chart.
NAV returns, another gauge of an ETF dynamics, showed a −5.91% decrease in three-month performance and has decreased by −8.73% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −5.91% decrease in three-month performance and has decreased by −8.73% in a year.
PDBC fund flows account for −359.32 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PDBC invests in funds. See more details in our Analysis section.
PDBC expense ratio is 0.59%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PDBC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PDBC technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PDBC shows the sell signal. See more of PDBC technicals for a more comprehensive analysis.
Today, PDBC technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PDBC shows the sell signal. See more of PDBC technicals for a more comprehensive analysis.
Yes, PDBC pays dividends to its holders with the dividend yield of 4.59%.
PDBC trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PDBC shares are issued by Invesco Ltd.
PDBC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 7, 2014.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.