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A diversified way to invest in commodities without K-1 tax hassle
📌 Table of Contents
✅ ETF Overview
🧠 Strategy & Exposure
💼 Top Holdings
📈 Performance & Risk
🔍 Pros & Cons
✅ Conclusion
✅ 1. ETF Overview
- Name: Invesco Optimum Yield Diversified Commodity Strategy ETF
- Ticker: PDBC
- Inception: November 2014
- Expense Ratio: 0.59%
- Tax Structure: No K-1, standard 1099
- Issuer: Invesco
🧠 2. Strategy & Exposure
- Actively managed ETF that invests in commodity futures: energy, metals, agriculture
- Uses "Optimum Yield" strategy to reduce roll losses
- Avoids direct physical holdings → more liquid & tax-efficient
💼 3. Main Commodity Exposures (2025)
CommodityWeight (%)
| WTI Crude Oil | ~20% |
| Brent Crude | ~14% |
| Gold | ~10% |
| Corn | ~9% |
| Natural Gas | ~8% |
📈 4. Performance & Risk
MetricValue
| AUM | ~$5.2 billion |
| 1Y Return | ~7% |
| Volatility | High |
| Distribution | Irregular |
🔍 5. Pros & Cons
✅ Pros
- No K-1 form, simplifies tax filing
- Diversified commodity exposure
- Potential inflation hedge
❌ Cons
- High volatility
- Not ideal for income seekers
- Complex futures-based pricing
✅ Conclusion
PDBC is a powerful tool for investors seeking diversified commodity exposure with simple tax reporting.
Great for portfolios looking to hedge inflation or add non-equity risk exposure.
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