Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Actively managed U.S. alternative ETF
As of its 2026 Q2 report, Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF held 38 positions with $6.34B in net assets. Its ten largest holdings made up 97.2% of the fund. The PDBC share class costs 0.59% a year. Over the 12 months to May 2026, PDBC returned 45.4%, with dividends reinvested. In 2026 Q3 it added 5 new positions and exited 4.
The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (the Fund) seeks long-term capital appreciation.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Invesco Premier U.S. Government Money Portfolio | 75.18% | $4.77B | — |
Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio | 17.37% | $1.10B | — |
N/A | 0.85% | $53.94M | — |
N/A | 0.61% | $38.81M | — |
N/A | 0.61% | $38.53M | — |
N/A | 0.60% | $38.34M | — |
N/A | 0.60% | $38.34M | — |
N/A | 0.60% | $38.05M | — |
N/A | 0.42% | $26.94M | — |
N/A | 0.36% | $22.75M | — |
All 38 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Cash & short-term | 92.55% |
| Derivatives | 5.25% |
Derivatives are shown at market value, not notional exposure.
How it has done
PDBC share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.44%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
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
- Expense ratio, by class
- 0.59%· PDBC 0.59%
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
5 new· not itemized for this fund
4 exited· not itemized for this fund
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
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
Understand how this fund fits with the rest.
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