PDBA ETF — Invesco Agriculture Commodity Strategy No K-1 ETF

Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA)

Updated October 16, 2026.

PDBA is an ETF. its distribution rate is 3.00%, its trailing-12-month yield is 3.00%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 56.6% over the past 4.1 years, 38.5 points behind SPY at 95.1%.

Invesco Agriculture Commodity Strategy No K-1 ETF is an actively managed fund that gains exposure to agriculture commodity markets indirectly through financial instruments linked to agricultural commodities, rather than investing directly in physical commodities or futures. The fund carries a modest current distribution rate, distributes annually, and has an expense ratio of 0.59%. It appeals to income-focused investors seeking commodity market exposure with a simpler tax structure than traditional commodity funds.

PDBA performance versus SPY

Price and return data through 2026-10-16.

Total return is 56.6% over the past 4.1 years, 38.5 points behind SPY at 95.1%. Over the past year its total return — price change plus distributions reinvested — is 9.6%. Its deepest 1-year drawdown was 8.6%.

PDBA key facts

Distribution Safety Score™

50 · Unproven

Issuer

Invesco

Asset type

ETF

Asset class

Commodity

Inception date

08/24/2022

Expense ratio

0.59%

Distribution rate

3.00%

Distribution frequency

Annual

Trailing yield

3.00%

Last close

$37.68 (as of 2026-10-16)

AUM

$486,588,813

Average volume

24465.0

Dividend

$1.13

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

0.35

How Dividend Vision calculates yield and returns

Distribution rate (3.00%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.00%) 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: Invesco; 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.

PDBA risks and drawbacks

PDBA's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, 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 8.6%.

Who may consider PDBA — and who may not

PDBA may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PDBA pays annual); 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 PDBA

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Frequently asked questions

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