“PDBC seeks to outperform its benchmark through actively managed investments in commodity-linked futures contracts. PDBC provides exposure to components of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (Benchmark) which is composed of futures contracts on 14 heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors,” according to PowerShares.
PDBC is the twelfth commodity ETF in the PowerShares lineup and joins well-known funds such as the PowerShares DB Energy Fund (NYSEArca: DBE), PowerShares DB Commodity Index Tracking Fund (NYSEArca: DBC) and the PowerShares DB Agriculture Fund (NYSEArca: DBA).
PDBC Holdings
ETF Trends editorial contributed to this article.