PIMCO Commodity Strategy Active Exchange-Traded Fund
$32.44+0.06 (+0.19%)
- 0.98%
- $890M
- +34.1%
- 11.83%
- 0.1M sh
- $32.19
- low $26.98high $36.86
The ETF.net CMDT Grade
C
Score 45 out of 100
- 10 of 15
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F14 out of 100Rank 13 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A82 out of 100Rank 2 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 6 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 3 of 15
Our read on CMDT
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.
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
- Active by design. The stated objective is to outperform the Bloomberg Commodity Index Total Return, not replicate it.
- Two 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.
- A 1940 Act fund that routes commodity-linked exposure through a Cayman subsidiary, so holders get a 1099 rather than a partnership K-1.
- Global commodity reach spread across roughly 300 positions, with cash distributed quarterly.
Worth knowing
- At 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.
- Tracking is not the goal here. Manager calls can push results away from the Bloomberg Commodity Index in either direction.
- The bond collateral sleeve brings interest rate and credit sensitivity that a plain futures-and-Treasuries commodity fund does not carry.
CMDT Holdings
- Other
- 362
- 39%
- Repo Bank America Repo 19.38% 10/14/2026
Sectors
- Financials100.0%
CMDT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CMDT$13,409
Returns run to the Oct 12, 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.
| Period | CMDT |
|---|---|
| Year to date | +31.0% |
| 1 month | +0.9% |
| 3 months | +13.6% |
| 1 year | +34.1% |
| 3 years | +15.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CMDT |
|---|---|---|
| 2026 YTD | +31.0% | |
| 2025 | +12.8% | |
| 2024 | +6.9% | |
| 2023 | +6.6% |
CMDT in the news
CMDT Dividends
- 11.83%
- $3.83
- $3.20 per share
- Quarterly
Distribution history
CMDT Risk
- 11.5%
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.
- 0.80
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.
- −13.2%
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.
- 0.78
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
0.98%
CMDT0.98%
- The middle half of Commodity Futures funds
- Median 0.79%
11 of the 14 Commodity Futures funds charge less.
Other funds in Commodity Futures
- CHARDSimplify Commodities Strategy No K-1 ETFExpense ratio 0.78%1 year return +17.3%
- CACOMHarbor Active Commodity ETFExpense ratio 0.93%1 year return —
- CUSEUSCF Energy Commodity Strategy Absolute Return FundExpense ratio 0.79%1 year return +41.7%
- CZSCUSCF ETF Trust - USCF Sustainable Commodity Strategy FundExpense ratio 0.79%1 year return +17.1%
- DKCCAKraneShares California Carbon Allowance Strategy ETFExpense ratio 0.95%1 year return −3.3%