PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
*Unless otherwise stated, data provided by FactSet.

PDBC Fund Description

PDBC 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 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.

PERFORMANCE [as of 07/20/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PDBC -1.85% 4.90% 24.97% 43.72% 3.62% 4.75% --
PDBC (NAV) -0.80% 6.43% 26.81% 45.43% 3.82% 5.12% --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -0.83% 6.36% 26.44% 46.98% -2.27% 2.08% -7.21%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PDBC Summary Data

Invesco
11/07/14
Open-Ended Fund
0.59%
$5.91B
$71.89M
0.05%

PDBC Portfolio Data

Futures
Optimized
N/A
--

PDBC Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

PDBC Portfolio Management

0.59%
--
--
--

PDBC Tax Exposures

20.00% / 39.60%
--
No

PDBC Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily

PDBC Factset Analytics Block Liquidity

As of 07/21/21
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

3,678,717
$71.89M
3,030,107
$60.01M
0.05%
$0.01
0.00%
0.40% / -0.85%
None
100.00%
100,000
30.30
0.03%
--
11,345
$19.31
5

PDBC Top 10 Targeted Commodity Weights

55.25%
9.30%
7.97%
7.97%
6.69%
4.86%
2.66%
2.66%
2.66%
100.00%

PDBC Tenor Strategy

PDBC's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

PDBC Rolling Strategy

PDBC rolls contracts between the 2nd and 6th business days each month.

PDBC Performance Statistics

0.95
0.89
0.00
0.00
0.00%