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About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
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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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PDBC last dividends amounted to 0.57 USD. The year before, the issuer paid 0.56 USD in dividends, which shows a 2.54% increase.
PDBC assets under management is 4.43 B USD. It's risen 2.59% over the last month.
PDBC fund flows account for −296.38 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.
Yes, PDBC pays dividends to its holders with the dividend yield of 4.46%. The last dividend (Dec 27, 2024) amounted to 0.57 USD. The dividends are paid annually.
PDBC shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Nov 7, 2014, and its management style is Active.
PDBC expense ratio is 0.59% meaning you'd have to pay 0.59% of your investment to help manage the fund.
PDBC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PDBC invests in funds.
PDBC price has risen by 3.01% over the last month, and its yearly performance shows a −6.08% decrease. See more dynamics on PDBC price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.15% decrease in three-month performance and has decreased by −1.61% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.15% decrease in three-month performance and has decreased by −1.61% in a year.
PDBC trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.