PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
What is PDBC?
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.
PDBC Summary Data
Peers
Fund Flows
PDBC Portfolio Data
PDBC Index Data
PDBC Portfolio Management
PDBC Tax Exposures
PDBC Fund Structure
Factset Analytics Block Liquidity
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
PDBC Sector Breakdown
Benchmark
PDBC Top 10 Targeted Commodity Weights
PDBC Performance Statistics
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.
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