CMDT ETF — PIMCO Commodity Strategy Active Exchange-Traded Fund

PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

Updated October 16, 2026.

CMDT is an ETF. its distribution rate is 2.73%, its trailing-12-month yield is 11.88%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 71/100 (Generally safe). Total return is 13.8% over the past 3.4 years, 80.2 points behind SPY at 94.0%.

PIMCO Commodity Strategy Active Exchange-Traded Fund is an actively managed ETF that seeks commodity exposure through commodity-linked derivative instruments backed by a diversified portfolio of fixed-income securities of varying maturities, and may also invest directly in commodities. The fund distributes quarterly, most recently with a special distribution, and carries an expense ratio of 0.65%. It may appeal to investors seeking commodity-linked returns with an income component, though the non-diversified structure and active management approach carry distinct risk characteristics.

CMDT performance versus SPY

Price and return data through 2026-10-16.

Total return is 13.8% over the past 3.4 years, 80.2 points behind SPY at 94.0%. Over the past year its total return — price change plus distributions reinvested — is 31.8%. Its deepest 1-year drawdown was 13.2%.

CMDT key facts

Distribution Safety Score™

71 · Generally safe

Safety-Adjusted Yield

1.94%

Issuer

PIMCO

Asset type

ETF

Asset class

Fixed Income

Inception date

05/09/2023

Expense ratio

0.65%

Distribution rate

2.73%

Distribution frequency

Quarterly

Trailing yield

11.88%

Last close

$32.25 (as of 2026-10-16)

AUM

$843,626,887

Average volume

34752.0

Dividend

$3.20

Ex-dividend date

10/01/2026

Payment date

10/05/2026

Beta

0.78

How Dividend Vision calculates yield and returns

Distribution rate (2.73%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (11.88%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PIMCO; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CMDT risks and drawbacks

CMDT's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.2%.

Who may consider CMDT — and who may not

CMDT may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (CMDT pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on CMDT

• All tickers starting with C

Tagged: Fixed Income.

Frequently asked questions

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