# Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pdbc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2014-11-07 Invesco Actively Managed Exchange-Traded Commodity Fund Trust- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. It invests in the commodity markets. The fund invests directly, through derivatives, and through other funds in commodities. The fund primarily invests in energy, precious metals, industrial metals, and agriculture commodities. It invests through the wholly owned Cayman Islands subsidiary. The fund seeks to benchmark the performance of its portfolio against the MSCI ACWI Index (Net),... ## Key Facts | Metric | Value | |---|---| | Price | $20.34 | | Expense Ratio | 0.74% | | Assets Under Management | $8.10B | | NAV | $20.28 | | Holdings Count | 2 | | Distribution Yield (TTM) | 2.50% | | Annual Distribution (TTM) | $0.51 /share | | Distribution Frequency | Annual | | 52-Week Range | $13.23 – $20.37 | | Beta | 1.06 | ## Latest Distribution - Amount: $0.5086 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does PDBC invest in? Invesco Actively Managed Exchange-Traded Commodity Fund Trust- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. It invests in the commodity markets. The fund invests directly, through derivatives, and through other funds in commodities. The fund primarily invests in energy, precious metals, industrial metals, and agriculture commodities. It invests through the wholly owned Cayman Islands subsidiary. The fund seeks to benchmark the performance of its portfolio against the MSCI ACWI Index (Net), the Bloomberg Global Aggregate Index, the DBIQ Optimum Yield Diversified Commodity Index Excess Return index and the DBIQ Optimum Yield Diversified Commodity Index Total Return, the MSCI ACWI (Net) and the Bloomberg Global Aggregate Index. Invesco Actively Managed Exchange-Traded Commodity Fund Trust- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF was formed on November 5, 2014 and is domiciled in the United States. ### What is the expense ratio of PDBC? Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PDBC's dividend yield? PDBC's trailing-twelve-month yield is 2.50%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PDBC? Effective duration measures PDBC's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PDBC's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PDBC? PDBC's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PDBC? Yield to maturity (YTM) is the total return you'd earn from PDBC if every bond in the portfolio is held to maturity at the current price. PDBC's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PDBC pay a dividend? Yes, Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) distributes dividends to shareholders. The trailing-twelve-month yield is 2.50%. Full dividend history is on this page. ### How often does PDBC pay dividends? Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PDBC's next ex-dividend date? The most recently announced ex-dividend date for PDBC was 2025-12-22. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PDBC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.74% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PDBC charge its expense ratio? The expense ratio is deducted in tiny daily slices from PDBC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PDBC cost more than a fund like VOO? PDBC is actively managed (current expense ratio 0.74%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PDBC's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PDBC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PDBC (0.74%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pdbc - Distribution history: https://www.dividenddata.com/funds/pdbc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pdbc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pdbc/expenses - Peer comparison: https://www.dividenddata.com/funds/pdbc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.