PDBC

PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio
CLOSING PRICECHANGE (%)VOLUME
$17.14+0.29 (1.72%)85.91K
3:59:00 p.m. (ET) 09/25/2017
POST-MARKET SESSION
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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B

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

PDBC Fund Description

The PowerShares Optimum Yield Diversified Commodity Strategy No K-1 ETF holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structured as an ETF and is actively managed.

PDBC FactSet Analytics Insight

PDBC offers a quasi-active broad-commodity strategy, delivered in a 1940-Act, plain-Jane 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 sister fund DBC, a giant in the segment, known for its "optimized" strategy of selecting futures contracts to mitigate contango. PDBC explicitly references DBC's underlying index, but says its active managers aim to beat it. Still, it may be that the fund claims active management simply for regulatory reasons. Popular with traders, PDBC trades in strong volumes with small spreads, and underlying liquidity is excellent for larger investors. PDBC charges a reasonable fee, which is notably less than DBC’s.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PDBC Top 10 Contracts

PDBC Summary Data

11/07/14
Open-Ended Fund
0.60%
$506.32 M
$2.8 M
0.10%

PDBC Portfolio Data

Futures
Optimized
N/A
14

PDBC Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

Related ETFs to PDBC

FTGC, RCOM, DWAC, GSG, GSP
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

PDBC Portfolio Management

0.60%
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PDBC Tax Exposures

20.00% / 39.60%
--
No

PDBC Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:3317.13287
15:58:0217.13100
15:29:2917.11110
10:36:1416.97100
10:28:4716.98100
10:23:1616.98200
10:21:3716.98100
10:21:3716.98200
10:20:0016.97200
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Bats BZX Real-time Quote - 16:42:26
Daily Spread
Premium/Discount
Volume

PDBC FactSet Analytics Block Liquidity

As of 09/25/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PDBC. PDBC is rated a 5 out of 5.

PDBC Tradability

171,318
$2.8 M
110,003
$1.81 M
0.10%
$0.02
0.00%
0.96% / -0.57%
None
100.00%
100,000
1.10
0.03%
--
--
$16.85
5

PDBC Performance Statistics

0.00
0.00
0.00
0.00
0.00%%