Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Invesco Actively Managed Exchange-Traded Commodity Fund Trust · 1 share class

Actively managed U.S. alternative ETF
One fund, 1 share class:PDBC
$6.34B NAV
38 positions · as of 2026-04-30 · filed 2026-06-29

Fund classification

Classified from what the fund holds · as of 2026 Q2

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF is an actively managed U.S. alternative ETF.

Asset class
Alternative
Region
United States
Management
Actively managed
Fund type
ETF

Fund profile

As filed in the prospectus · 2026 Q1

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (the Fund) seeks long-term capital appreciation.

Strategy · summarised

The fund seeks long-term capital appreciation by gaining exposure to diversified commodity futures and commodity-linked instruments through a wholly-owned Cayman Islands subsidiary, while holding collateral consisting of U.S. Treasuries, money market funds, and investment-grade corporate debt to provide liquidity and margin. The subsidiary may deviate from its benchmark index by excluding some components, emphasizing certain commodity sectors, or investing in futures contracts outside the benchmark, which means fund performance may diverge from the benchmark. The fund reports income on Form 1099 rather than issuing Schedule K-1 tax forms typical of commodity partnerships.

Expenses
0.59%one share class
Share classGrossNet
PDBC0.74%0.59%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

97.80%
of net assets
Cash & short-term92.55%
Derivatives5.25%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 5 new8 exited

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+54.33%
3-year
+47.69%
5-year
+95.64%
Volatility
16.38%
Worst 3-yr fall
-9.49%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Interest-rate duration
0.07 yr
approx. move per 100bp
Credit-spread duration
Not disclosed

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Invesco Premier U.S. Government Money Portfolio75.18%$4.77B
Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio17.37%$1.10B
N/A0.85%$53.94M
N/A0.61%$38.81M
N/A0.61%$38.53M
N/A0.60%$38.34M
N/A0.60%$38.34M
N/A0.60%$38.05M
N/A0.42%$26.94M
N/A0.36%$22.75M
Showing 10 of 38Sign in to see more

Top 10 positions are 97.21% of net assets, top 25 97.97%, across 3 issuers.

See more of this fund's book

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