PDBC ETF — Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC)

PDBC is an ETF. As of August 19, 2026, its distribution rate is 2.80%, its trailing-12-month yield is 2.80%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 33/100 (Elevated risk). Fund total return is 61.6% over the past 11.8 years, 297.9 points behind SPY at 359.5%.

At the current 2.80% distribution rate, a $10,000 investment would generate approximately $280 per year, or $23.33 per month on an equivalent basis. Actual annual payments vary.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF is an actively managed fund that seeks to provide exposure to the world's most heavily traded commodities—including oil, agricultural products, and raw metals—through financial instruments economically linked to these assets. The fund distributes income annually at a modest current rate and carries an expense ratio of 0.59%. It appeals to investors seeking commodity exposure and regular income generation.

PDBC performance versus SPY

Data as of August 19, 2026.

Fund total return is 61.6% over the past 11.8 years, 297.9 points behind SPY at 359.5%. Its deepest 1-year drawdown was 16.6%.

PDBC key facts

Data as of August 19, 2026.

Distribution Safety Score™

33 · Elevated risk

Safety-Adjusted Yield

0.92%

Issuer

Invesco

Asset type

ETF

Asset class

Commodity

Inception date

11/07/2014

Expense ratio

0.59%

Distribution rate

2.80%

Distribution frequency

Annual

Trailing yield

2.80%

Last close

$18.20

AUM

$6,793,768,228

Average volume

2970047.0

Last dividend

$0.5090

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

1.08

How Dividend Vision calculates yield and returns

Distribution rate (2.80%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.80%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

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.

PDBC risks and drawbacks

PDBC'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 16.6%.

Who may consider PDBC — and who may not

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

Frequently asked questions

More funds from Invesco.