PDBC

PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio
CLOSING PRICECHANGE (%)VOLUME
$15.80-0.22 (-1.37%)96.71K
4:00:00 p.m. (ET) 07/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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B

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

PDBC Fund Description

PDBC offers broad exposure to a diverse basket of commodities and aims to mitigate negative roll yield in its futures contract selection. The fund is structured as an ETF and is actively managed.

PDBC FactSet Analytics Insight

Newly launched PDBC, a broad commodity fund, offers a quasi-active strategy delivered in an unusual ETF wrapper. The fund's unusual wrapper is ironically a 1940-Act, plain-Jane ETF—a structure that's rare in a space dominated by commodity pools and ETNs. PDBC investors therefore avoid K-1s and counterparty risk, avoiding these unwanted side effects by relying on the fund's offshore commodity exposure. PDBC's exposure is similar 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 does so saying its active managers aim to exceed, rather than match, it. Still, it may be that the fund uses active management simply for regulatory reasons behind its structure. PDBC charges just 59 bps, undercutting DBC and most other peers.

  • 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%
$437.63 M
$3.19 M
0.08%

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
15:59:3315.81259
15:44:5915.7910
15:40:0015.80200
15:08:5515.78100
15:05:4615.78100
14:37:5215.80200
14:23:1015.82100
14:02:5015.80100
09:57:5815.93100
09:57:5815.93100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

PDBC FactSet Analytics Block Liquidity

As of 07/21/17
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

203,901
$3.19 M
144,153
$2.32 M
0.08%
$0.01
-0.01%
0.96% / -0.57%
None
100.00%
100,000
1.44
0.03%
--
--
$16.02
5

PDBC Performance Statistics

0
0
0
0
0%