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CMDT

GradeCNew York Stock Exchange Arca

PIMCO Commodity Strategy Active Exchange-Traded Fund

Commodities · PIMCO · Inception 2023-05-09 · SEC filings

$35.35+0.07 (+0.21%)

As of Sep 23, 2026, 2:12 PM EDT

History starts May 11, 2023.
Intraday session: up, 52 prints from 35.28 to 35.35. Range 35.24 to 35.40. Use the arrow keys to read each point.$35.25$35.30$35.4010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$864M
1Y return
+33.9%
Yield · Last 12 months
2.38%
Holdings
303
Volume · 30D
0.1M sh
NAV per share
$35.33
52W range
low $26.98high $36.86

The ETF.net CMDT Grade

C

41/ 100

Rank 11 of 15 in Commodity Futures⁠

Confidence Medium

Six-pillar profile for CMDT. Scores out of 100: Cost 14, Risk 80, Mission not scored, Tradability 44, Holdings 70, Durability 75. Strongest: Risk (80). Weakest: Cost (14). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 14
    Category rank13/15 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 80
    Category rank2/15 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 44
    Category rank7/15 · top 47%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank2/4 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank3/15 · top 20%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CMDT

ETF.net Research

CPIMCO took the standard commodity futures fund and added the thing it is known for: an actively managed bond portfolio sitting behind the commodity bets. The mandate is to beat the Bloomberg Commodity Index, not mirror it.

Stated mandate

The fund aims to achieve a total return that outperforms the Bloomberg Commodity Index Total Return, while maintaining prudent investment management.

Why people hold it

  1. 01Active by design. The stated objective is to outperform the Bloomberg Commodity Index Total Return, not replicate it.
  2. 02Two engines in one ticker: swaps, futures and commodity-linked notes for the commodity exposure, an actively managed fixed income portfolio as the collateral behind them.
  3. 03A 1940 Act fund that routes commodity-linked exposure through a Cayman subsidiary, so holders get a 1099 rather than a partnership K-1.
  4. 04Global commodity reach spread across roughly 300 positions, with cash distributed quarterly.

Worth knowing

  1. 01At 0.98% a year, it sits above cheaper index-based options in the commodity futures group such as PDBC (0.74%) and HARD (0.78%). Active management is what the premium buys.
  2. 02Tracking is not the goal here. Manager calls can push results away from the Bloomberg Commodity Index in either direction.
  3. 03The bond collateral sleeve brings interest rate and credit sensitivity that a plain futures-and-Treasuries commodity fund does not carry.

CMDT Holdings

As of Sep 20, 2026, 6:43 AM
Asset class
Other
Holdings
303
Top-10 weight
34%
Largest holding
PARIBAS REPO 3.88% 09/21/202614.6%

Sectors

  • Financials100.0%
The fund’s holdings, weight-ordered — page 1 of 24.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PARIBAS REPO 3.88% 09/21/202614.65%1,318,000$132M1
002—CCRDRXUS9 FUTURES COC USD RBC CM COLLATERAL 3.23% 12/31/20306.25%562,500$56M2
003MINTPIMCO ENHANCED SHORT MATURITY PIMCO ENHANCED SHORT MATURIT4.92%440,115$44M7
004—VISTRA OPERATIONS CO LLC COMPANY GUAR 144A 01/27 3.7 3.70% 01/30/20271.49%133,996$13M9
005—ROGERS COMMUNICATIONS IN COMPANY GUAR 03/27 3.65 3.65% 03/31/20271.23%154,005$11M2
006—BANK OF MONTREAL SR UNSECURED 06/27 4.309 4.31% 06/01/20271.15%143,991$10M3
007—AERCAP IRELAND CAP/GLOBA COMPANY GUAR 04/27 6.45 6.45% 04/15/20271.07%95,540$10M9
008—TXNM ENERGY INC 4A2 DISC 4.10% 09/24/20260.98%87,998$9M1
009—TRANSCANADA PIPELINES SR UNSECURED 04/27 3.8 3.80% 04/05/20270.97%121,995$9M1
010—CRH AMERICA FINANCE IN 4.05% 11/16/20260.97%87,997$9M1
011—KEURIG DR PEPPER 4.25% 09/21/20260.97%87,002$9M1
012—GM FINANCIAL CONSUMER AUTOMOBI GMCAR 2026 3 A2B 3.95% 05/16/20290.92%82,998$8M1
013—EPR PROPERTIES COMPANY GUAR 06/27 4.5 4.50% 06/01/20270.91%81,997$8M2
014—NY HARB ULSD FUT MAR27 XNYM 20270226 02/26/20270.90%1,960,776$8M2
015—ROYAL BANK OF CANADA SR UNSECURED 07/27 4.612 4.61% 07/26/20270.87%108,000$8M3

Showing 1–15 of 358 holdings

CMDT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CMDT$13,393
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CMDT $13,393. SPY $11,723. Use the arrow keys to read each point.$9,210$11,538$13,866Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CMDT. Periods over one year show the average yearly return.
PeriodCMDT
Year to date+29.6%
1 month+2.6%
3 months+12.9%
1 year+33.9%
3 years+14.1%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CMDT
YearReturn barCMDT
2026 YTD+29.6%
2025+12.8%
2024+6.9%
2023+6.6%

History from May 11, 2023

CMDT in the news

ETF.net Research hasn’t filed on CMDT yet — coverage lands here as it’s written.

CMDT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.38%Last 12 months
Payout per share
$0.84Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 14 payments from 2023 to 2026 YTD. Jul 3, 2023 $0.03; Oct 2, 2023 $0.32; Dec 11, 2023 $0.03; Dec 28, 2023 $0.31; Apr 1, 2024 $0.27; Jul 1, 2024 $0.26; Oct 1, 2024 $0.76; Dec 31, 2024 $0.93; Apr 1, 2025 $0.20; Jul 1, 2025 $0.21; Oct 1, 2025 $0.21; Dec 31, 2025 $0.22; Apr 1, 2026 $0.19; Jul 1, 2026 $0.22. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jul 1, 2026Jul 6, 2026$0.22
Apr 1, 2026Apr 3, 2026$0.19
Dec 31, 2025Jan 5, 2026$0.22
Oct 1, 2025Oct 3, 2025$0.21
Jul 1, 2025Jul 3, 2025$0.21
Apr 1, 2025Apr 3, 2025$0.20
Dec 31, 2024Jan 3, 2025$0.93
Oct 1, 2024Oct 3, 2024$0.76
Jul 1, 2024Jul 3, 2024$0.26
Apr 1, 2024Apr 4, 2024$0.27
Dec 28, 2023Jan 3, 2024$0.31
Dec 11, 2023Dec 14, 2023$0.03

CMDT Risk

How much the fund’s monthly returns vary, scaled to a year.
11.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.82
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.2%
40 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CMDT Cost

Expense ratio0.98%
  • The middle half of Commodity Futures funds
  • Median 0.79%

10 of the 13 Commodity Futures funds charge less.

CMDT costs $98.00 a year on $10,000. The median Commodity Futures fund costs $79.00.