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

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

Updated October 16, 2026.

PDBC is an ETF. its distribution rate is 2.53%, its trailing-12-month yield is 2.53%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 68/100 (Generally safe). Total return is 78.6% over the past 11.9 years, 279.5 points behind SPY at 358.1%.

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

Price and return data through 2026-10-16.

Total return is 78.6% over the past 11.9 years, 279.5 points behind SPY at 358.1%. Over the past year its total return — price change plus distributions reinvested — is 58.4%. Its deepest 1-year drawdown was 16.6%.

PDBC key facts

Distribution Safety Score™

68 · Generally safe

Safety-Adjusted Yield

1.72%

Issuer

Invesco

Asset type

ETF

Asset class

Commodity

Inception date

11/07/2014

Expense ratio

0.59%

Distribution rate

2.53%

Distribution frequency

Annual

Trailing yield

2.53%

Last close

$20.11 (as of 2026-10-16)

AUM

$7,893,561,977

Average volume

3985499.0

Dividend

$0.509

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

1.07

How Dividend Vision calculates yield and returns

Distribution rate (2.53%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.53%) 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.

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.

More on PDBC

• All tickers starting with P

Frequently asked questions

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