Invesco Agriculture Commodity Strategy No K-1 ETF

Frequently Asked Questions About PDBA

What does PDBA invest in?

The Invesco Agriculture Commodity Strategy No K-1 ETF is an actively managed fund, traded on exchanges, that aims to deliver significant long-term capital growth for investors. Its strategy involves investing in futures contracts based on agricultural commodities, as well as other commodity-linked futures. Additionally, the fund holds collateral assets like cash, cash equivalents, or high-quality securities, all of which are strategically chosen for their economic ties to the agriculture sector. A key objective for this ETF is to outperform the returns of the DBIQ Diversified Agriculture Index Excess Return Index, a benchmark composed of futures contracts for the eleven most actively traded agricultural commodities worldwide.

What is the expense ratio of PDBA?

Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PDBA?

Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) manages $311.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PDBA actively managed or an index fund?

PDBA is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PDBA's is 0.75%) in exchange for the discretion to over- or under-weight positions.

When was PDBA launched?

Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) launched in August 2022 and is managed by Invesco.

How has PDBA performed?

PDBA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.