PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)
ARCA ARCA Primary Summary
CMDT Chart
Expanding the Suite: Harbor Launches Active Commodity ETF
On June 16, Harbor Capital Advisors launched the Harbor Active Commodity ETF (ACOM). With an expense ratio of 93 basis points, this fund provides actively managed exposure to commodity instruments with a focus on high expected inflation and low cost of carry.
CMDT: What Is PIMCO Commodity Strategy Active ETF, And Who Should Hold It?
CMDT is a relatively new actively managed commodity ETF that uses derivatives to achieve desired exposures. Since inception, CMDT has outperformed the Bloomberg Commodity Index. However, Q1 2025 saw underperformance due to specific sector allocations, notably underweight natural gas. The fund managers seem confident in their convictions, and are comfortable deviating substantially from the sector weights of the Bloomberg Commodity Index.
PIMCO Commodity Strategy Active Exchange-Traded Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,423 | $39,174.31 | $45,578.69 | $6,404.38 | 16.35% |
| WJF William J. Fennie III FIDELITY D & D BAN Corp. Inc. | 270,012 | $7.49M | $8.65M | $1.16M | 15.47% |
 Albert Moore First National Advisers LLC | 505,934 | $16.33M | $16.24M | -$88,538.45 | -0.54% |
 Legacy Capital Group California Inc. Legacy Capital Group California, Inc. | 6,719 | $184,100.62 | $215,276.76 | $31,176.14 | 16.93% |
 Christopher C. Powers Farther Finance Advisors, LLC | 5,394 | $161,845.5 | $173,956.5 | $12,111 | 7.48% |
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) FAQ
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PIMCO Commodity Strategy Active Exchange-Traded Fund Profile
| ARCA Exchange | US Country |
Overview
The fund is designed to offer investors exposure to commodities through a mix of commodity-linked derivative instruments and direct investments in commodities. This innovative approach is underpinned by a foundation of carefully selected Fixed Income Instruments, which vary in maturity and are managed with an active investment strategy. To achieve its investment objective, the fund operates under normal market conditions, aiming to provide diversified exposure across various commodity sectors. Despite its focus on diversification within its investment choices, it is important to note that the fund itself is considered non-diversified. This means that it may invest a larger portion of its assets in a smaller number of issuers or sectors, potentially increasing its risk and volatility.
Products and Services
- Commodity-Linked Derivative Instruments
The fund invests in commodity-linked derivative instruments as a primary way to gain exposure to the commodities market. These instruments may include futures, options, and swap contracts that are tied to the price movements of various commodities such as oil, gold, or agricultural products. By using these derivatives, the fund aims to benefit from commodity price changes without having to invest directly in physical commodities.
- Fixed Income Instruments
An essential component of the fund's investment strategy involves an actively managed and diversified portfolio of Fixed Income Instruments. These instruments can vary greatly in terms of maturities, ranging from short-term to long-term bonds issued by governments, corporations, or other entities. The selection of Fixed Income Instruments is aimed at providing a stable income stream and reducing overall portfolio volatility, serving as a counterbalance to the more volatile commodity investments.
- Direct Investments in Commodities
In addition to derivative instruments, the fund may also make direct investments in commodities. This approach allows the fund to own physical commodities or stocks of companies involved in the commodities sector, such as mining, agriculture, or energy companies. Direct investments provide another layer of exposure to the commodities market, enabling the fund to benefit from price appreciation in the underlying commodities themselves.
