Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3500 Lacey Road Downers Grove DE United States of America 60515
- IPO Date
- Nov 7, 2014
- CIK
- 0001595386
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an actively managed exchange-traded fund that provides investors with exposure to a diversified basket of commodity futures contracts across energy, precious metals, industrial metals, and agriculture sectors; it employs an optimum yield strategy to select futures contracts and mitigate negative roll yield through active management. The fund invests primarily in commodity-linked derivatives, including futures contracts, commodity-linked notes, exchange-traded options on commodity futures, swaps, and forward contracts via its wholly owned Cayman Islands subsidiary, while avoiding issuance of Schedule K-1 tax forms to enhance tax efficiency. PDBC benchmarks its performance against the DBIQ Optimum Yield Diversified Commodity Index Excess Return and Total Return versions, with a net expense ratio of 0.59% and total net assets exceeding $4.5 billion as of late 2025. Launched on November 7, 2014, and domiciled in the United States, the ETF is issued by Invesco Actively Managed Exchange-Traded Commodity Fund Trust and managed by Invesco Ltd., a global asset manager headquartered in Atlanta, Georgia; it primarily serves institutional and retail investors seeking broad commodity diversification without K-1 complexities. The fund's portfolio typically holds significant cash equivalents (around 83%) alongside commodity exposures, with geographic operations focused on U.S.-listed trading but underlying commodities sourced globally. Recent developments include a December 2024 annual distribution of $1.9282 per share, paid on December 27 following an ex-dividend date of December 23, reflecting ongoing income generation amid commodity market volatility; the fund has also seen sustained inflows into actively managed ETFs, with PDBC benefiting from over $13 billion in category inflows in December 2024 and consistent monthly gains through 2025. Invesco announced broader product lineup changes in 2025, including discontinuations of certain Canadian ETFs and mutual funds to streamline offerings, though PDBC remains a core U.S. commodity strategy without reported alterations. Performance highlights feature a 5-year annualized return of approximately 13-15%, positioning it strongly among commodity peers despite recent YTD challenges.