ETF Evaluator: PIMCO Commodity & Bd Stgy Act Exc-Trd Fd () Follow This ETF

PIMCO Commodity & Bd Stgy Act Exc-Trd Fd Overview

PIMCO Commodity & Bd Stgy Act Exc-Trd Fd (CMDT) is an actively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). PIMCO launched the ETF in 2023.

The investment seeks total return which exceeds that of its benchmark, consistent with prudent investment management. The fund seeks to achieve its investment objective by investing, under normal circumstances, in commodity-linked derivative instruments backed by an actively managed and diversified portfolio of Fixed Income Instruments of varying maturities and may also invest directly in commodities. The fund is non-diversified.

About PIMCO Commodity & Bd Stgy Act Exc-Trd Fd (CMDT)

There are 4 members of the management team with an average tenure of 3.48 years: Jerome Schneider (2023), Andrew Dewitt (2023), Greg Sharenow (2023) and Lewis Hagedorn (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has 352 securities in its portfolio. The top 10 holdings constitute 77.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

PIMCO Commodity & Bd Stgy Act Exc-Trd Fd is part of the Real Assets global asset class and is within the Commodities ETF group. PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has 19.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 86.1% (67.1% domestic bond, 19.0% foreign bond and 0.0% convertible bond). PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $848 million in total assets, which is below the $981 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CMDT Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO Commodity & Bd Stgy Act Exc-Trd Fd expense ratio is above average compared to funds in the Commodities Broad Basket category. PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has an expense ratio of 0.65%, which is 2% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has a portfolio turnover rate of 70%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.

Recently, in the month of October 2026, PIMCO Commodity & Bd Stgy Act Exc-Trd Fd returned 0.8%, which earned it a grade of C, as the Commodities Broad Basket category had an average return of 1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

PIMCO Commodity & Bd Stgy Act Exc-Trd Fd has a trailing yield of 12.06%, which is above the 6.25% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

PIMCO Commodity & Bd Stgy Act Exc-Trd Fd Grades

Year to date, the ETF has returned 29.0%, 5.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 28.7% over the past year (grade of D) and 14.4% over the past three years (grade of D).

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