ETF Research

CMDT: PIMCO COMMODITY STRATEGY ACTIVE EXCHANGE-TRADED FUND

Generated from StockValueFinder data · Updated Oct 12, 2026 1:42 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

What this ETF is trying to do

The PIMCO Commodity Strategy Active ETF (CMDT) is an actively managed fund. This means professional managers make decisions on what to hold to try and reach their goals. Based on its top holdings, it invests in a variety of assets, including the PIMCO Cayman Commodity Fund (22%) and the PIMCO Enhanced Short Maturity Active ETF (4.98%).

What the numbers show

As of October 5, 2026, the share price is $32.35. To understand how the fund has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The one-year price return is 19.15%, and the year-to-date (YTD) price return is 17.25%.

• Total Return: This is a broader measure that includes both the share-price change and the cash distributions paid to investors. The one-year total return is 34.02%, and the YTD total return is 30.84%.

For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $27.15, the price-only growth (19.15%) would have increased that amount to approximately $11,915.

Income and distribution explanation

This ETF pays out cash to investors, which is called a distribution. It usually pays these distributions quarterly. Over the last 12 months, it has made 4 payouts totaling $3.83 per share.

The distribution yield is approximately 11.84%. It is important for beginners to know that a high yield alone can be misleading. A high distribution rate does not guarantee that the original investment is safe, nor does it mean the investor earned that exact percentage as their total return.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can lead to a falling share price. StockValueFinder uses an erosion-risk score to measure this.

CMDT has an erosion score of 100 and an erosion severity labeled as "good." The data states "No price erosion detected," and the severe erosion-risk flag is false.

Pros

• Strong Total Returns: The total returns (which include distributions) have been higher than the price-only returns over the short and long term.

• No Erosion Warning: The fund currently shows no signs of price erosion according to its risk score.

• High Distribution Yield: It provides a significant amount of cash income to shareholders.

Cons

• Partial Data: The holdings list is partial, meaning we only see the top assets and not every single investment in the fund.

• Active Management: Because it is actively managed, the results depend on the decisions of the fund managers.

Beginner takeaway

CMDT is a fund that provides both share-price growth and regular cash income. While the share price has risen, the total return is much higher because of the distributions. Investors often care about principal stability—meaning they want their original investment to stay intact—and this fund currently shows a "good" erosion-risk score.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

208 holdings available
# Holding Ticker Weight
1 PIMCO CAYMAN COMMODITY FUND CMDT LTD n/a 22.00%
2 PIMCO ENHANCED SHORT MATURITY ACTIVE ETF MINT 4.98%
3 n/a n/a 3.58%
4 VISTRA OPERATIONS CO LLC 3.7% n/a 1.50%
5 ROGERS COMMUNICATIONS INC. 3.65% n/a 1.22%
6 n/a n/a 1.16%
7 RFR GBP SONIO/4.25000 09/16/26-5Y LCH n/a 1.16%
8 BANK OF MONTREAL 4.309% n/a 1.15%
9 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 4.51% n/a 1.04%
10 CRH AMERICA FINANCE INC 4(2) DISC NT* n/a 0.98%
Show all 208 holdings
1. PIMCO CAYMAN COMMODITY FUND CMDT LTD n/a 22.00%
2. PIMCO ENHANCED SHORT MATURITY ACTIVE ETF MINT 4.98%
3. n/a n/a 3.58%
4. VISTRA OPERATIONS CO LLC 3.7% n/a 1.50%
5. ROGERS COMMUNICATIONS INC. 3.65% n/a 1.22%
6. n/a n/a 1.16%
7. RFR GBP SONIO/4.25000 09/16/26-5Y LCH n/a 1.16%
8. BANK OF MONTREAL 4.309% n/a 1.15%
9. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 4.51% n/a 1.04%
10. CRH AMERICA FINANCE INC 4(2) DISC NT* n/a 0.98%
11. TELUS CORP. 0% n/a 0.98%
12. TRANSCANADA PIPELINES LIMITED 3.8% n/a 0.97%
13. n/a n/a 0.93%
14. EPR PROPERTIES 4.5% n/a 0.92%
15. RFR GBP SONIO/4.25000 03/17/27-5Y LCH n/a 0.91%
16. TXNM ENERGY INC 4(2) 144A DISC NT* n/a 0.90%
17. ROYAL BANK OF CANADA 4.612% n/a 0.87%
18. DNB BANK ASA 1.605% n/a 0.84%
19. WELLS FARGO & CO. 3.526% n/a 0.79%
20. HCA INC. 3.125% n/a 0.77%
21. GA GLOBAL FUNDING TRUST 4.4% n/a 0.76%
22. NTT FINANCE CORP 5.104% n/a 0.47%
23. n/a n/a 0.46%
24. HCA INC. 0% n/a 0.43%
25. ABN AMRO BANK N.V. 4.7159% n/a 0.42%
26. EAGLE FUNDING LUXCO S.A.R.L. 5.5% n/a 0.37%
27. ENBRIDGE INC. 3.2% n/a 0.36%
28. KEURIG DR PEPPER INC 4.2689% n/a 0.36%
29. THE TORONTO-DOMINION BANK 5.376% n/a 0.36%
30. HRVST 1A A SONIA&90BP 144A n/a 0.35%
31. INCREF 2026-FL3 LLC 5.2908% n/a 0.35%
32. ATHENE GLOBAL FUNDING 4.81% n/a 0.34%
33. BOARDWALK PIPELINES LP 4.45% n/a 0.34%
34. CARDS II TRUST 4.3296% n/a 0.34%
35. KRATON CORPORATION 5% n/a 0.34%
36. n/a n/a 0.34%
37. AON CORP/ AON GLOBAL HOLDINGS PLC 2.85% n/a 0.33%
38. HYUNDAI CAPITAL AMERICA 4.9038% n/a 0.33%
39. THE SHERWIN-WILLIAMS COMPANY 3.45% n/a 0.33%
40. CARMAX AUTO OWNER TRUST 2026-2 4.0985% n/a 0.32%
41. HYUNDAI CAPITAL AMERICA 4.9881% n/a 0.32%
42. THE TORONTO-DOMINION BANK 4.21% n/a 0.32%
43. CGMSE 2021-2A A1 3MEUR &99BP n/a 0.30%
44. ITAU CHILE NEW YORK BRANCH 4.29% n/a 0.30%
45. KKR CLO 42 LTD 4.8792% n/a 0.30%
46. KUWAIT (STATE OF) 5.039% n/a 0.30%
47. n/a n/a 0.30%
48. WELLFLEET CLO LTD 2021-2 4.9029% n/a 0.30%
49. n/a n/a 0.29%
50. NISOURCE INC. 3.49% n/a 0.29%
51. SUMISHO AIR LEASE CORP. 2.2% n/a 0.29%
52. MP24 2022-1A A1R TSFR3M&109BP 144A n/a 0.28%
53. n/a n/a 0.28%
54. n/a n/a 0.28%
55. SWEDBANK AB (PUBL) 5.337% n/a 0.28%
56. TRILLIUM CREDIT CARD TRUST II 4.4537% n/a 0.28%
57. AMERICAN TOWER CORPORATION 2.75% n/a 0.27%
58. VENTAS REALTY LIMITED PARTNERSHIP 3.85% n/a 0.27%
59. NATIONWIDE BUILDING SOCIETY 6.557% n/a 0.26%
60. NTT FINANCE CORP 4.741% n/a 0.26%
61. CROWN CASTLE INC. 2.9% n/a 0.25%
62. SOUTH AFRICAN T-BILLS n/a 0.25%
63. UNICREDIT S.P.A. 4.625% n/a 0.24%
64. BANCO SANTANDER SA 4.778% n/a 0.23%
65. PACIFIC LIFE GLOBAL FUNDING II 4.1619% n/a 0.23%
66. SANTANDER UK GROUP HOLDINGS PLC 2.469% n/a 0.23%
67. SILVER ROCK CLO LTD 2021-2 4.7692% n/a 0.23%
68. FORD MOTOR CREDIT COMPANY LLC 4.271% n/a 0.22%
69. GLOBAL PAYMENTS INC 2.15% n/a 0.22%
70. n/a n/a 0.22%
71. n/a n/a 0.21%
72. n/a n/a 0.21%
73. n/a n/a 0.21%
74. CANADIAN DOLLAR n/a 0.20%
75. FORD MOTOR CREDIT COMPANY LLC 4.95% n/a 0.20%
76. TOYOTA CREDIT CANADA INC. 4.42% n/a 0.20%
77. TRINITAS CLO VII LIMITED 4.8702% n/a 0.20%
78. n/a n/a 0.19%
79. n/a n/a 0.19%
80. TRINITAS CLO VIII LTD. 4.9202% n/a 0.19%
81. WIND RIVER 2016-1K CLO LTD. 4.8129% n/a 0.19%
82. ATHENE GLOBAL FUNDING 5.516% n/a 0.18%
83. ATLAS SENIOR LOAN FUND V LTD. 4.7892% n/a 0.18%
84. CAPITAL ONE FINANCIAL CORP. 1.878% n/a 0.18%
85. LCM 36 LTD / LCM 36 LLC 4.8229% n/a 0.18%
86. THE TORONTO-DOMINION BANK 4.477% n/a 0.18%
87. ANCHORAGE CREDIT FUNDING 19 LTD 5.036% n/a 0.17%
88. COOPERATIEVE RABOBANK U.A. 1.98% n/a 0.17%
89. COREBRIDGE GLOBAL FUNDING 4.65% n/a 0.17%
90. HYUNDAI CAPITAL SERVICES, INC. 5.125% n/a 0.17%
91. n/a n/a 0.17%
92. n/a n/a 0.16%
93. n/a n/a 0.16%
94. n/a n/a 0.16%
95. QATAR ENERGY SR UNSEC REGS n/a 0.16%
96. REGENCY CENTERS, L.P. 3.6% n/a 0.16%
97. SMITH & NEPHEW PLC 5.15% n/a 0.16%
98. NTT FINANCE CORP 4.372% n/a 0.15%
99. ATLANTIC AVENUE 2024-3 LTD 4.9892% n/a 0.14%
100. BPCE SA 3.5% n/a 0.14%
101. DEUTSCHE BANK AG NEW YORK BRANCH 4.8774% n/a 0.14%
102. n/a n/a 0.14%
103. n/a n/a 0.14%
104. TELEFONICA EMISIONES S.A.U. 4.103% n/a 0.14%
105. BANK LEUMI LE-ISRAEL SR UNSEC REGS 144A n/a 0.13%
106. FELLS POINT FUNDING TRUST 3.046% n/a 0.13%
107. NELNET STUDENT LOAN TRUST 2026-A 4.61% n/a 0.13%
108. PSTET 2025-1A A 3MEUR&85BP 144A n/a 0.13%
109. SMB PRIVATE EDUCATION 2023-D 5.2985% n/a 0.13%
110. BARCLAYS PLC 2.279% n/a 0.12%
111. BOEING CO. 2.8% n/a 0.12%
112. NAVESINK CLO LIMITED 2024-2 4.9429% n/a 0.12%
113. ROCKFORD TOWER CLO 2022-1 LTD. 4.9292% n/a 0.12%
114. BARCLAYS PLC 4.6276% n/a 0.11%
115. BNP PARIBAS SA 2.591% n/a 0.11%
116. BOEING CO. 6.259% n/a 0.11%
117. CARMAX AUTO OWNER TRUST 2026-2 4.11% n/a 0.11%
118. NTT FINANCE CORP 4.7387% n/a 0.11%
119. ONEOK INC. 4% n/a 0.11%
120. STANDARD CHARTERED PLC 4.8577% n/a 0.11%
121. EQUINIX, INC. 1.8% n/a 0.10%
122. FOX CORPORATION 4.709% n/a 0.10%
123. GOLDMAN SACHS GROUP, INC. 4.937% n/a 0.10%
124. n/a n/a 0.10%
125. NAVIENT REFINANCE LOAN TRUST 2025-C 4.8% n/a 0.10%
126. AMMC CLO 24 LTD 4.9292% n/a 0.09%
127. ENBRIDGE INC. 1.6% n/a 0.09%
128. n/a n/a 0.09%
129. ROYAL BANK OF CANADA 4.3847% n/a 0.09%
130. STANDARD CHARTERED PLC 5.7128% n/a 0.09%
131. UBS GROUP AG 4.214% n/a 0.09%
132. AEGON FUNDING COMPANY LLC 5.5% n/a 0.08%
133. DARDEN RESTAURANTS, INC. 3.85% n/a 0.08%
134. ENTERGY LOUISIANA LLC 2.4% n/a 0.08%
135. SCHLUMBERGER HOLDINGS CORPORATION 5% n/a 0.08%
136. BANK OF AMERICA CORP. 4.7319% n/a 0.07%
137. GOLDMAN SACHS GROUP, INC. 4.9687% n/a 0.07%
138. JAMESTOWN CLO XVI LTD/LLC 4.9302% n/a 0.07%
139. n/a n/a 0.07%
140. n/a n/a 0.07%
141. BANK OF MONTREAL 4.6111% n/a 0.06%
142. CHARLES SCHWAB CORP. (THE) 4.7659% n/a 0.06%
143. FIRSTENERGY CORP. 3.9% n/a 0.06%
144. GOLDMAN SACHS GROUP, INC. 1.948% n/a 0.06%
145. LPL HOLDINGS INC. 5.7% n/a 0.06%
146. n/a n/a 0.06%
147. SOCIETE GENERALE S.A. 5.3343% n/a 0.06%
148. TRYSAIL CLO 2022-1 LTD 4.9682% n/a 0.06%
149. ZIMMER BIOMET HOLDINGS INC 4.7% n/a 0.06%
150. JAMESTOWN CLO XVIII LTD 5.0802% n/a 0.05%
151. KRAFT HEINZ FOODS COMPANY 3.875% n/a 0.05%
152. n/a n/a 0.05%
153. NELNET STUDENT LOAN TRUST 2026-A 4.9478% n/a 0.05%
154. STARBUCKS CORP. 2% n/a 0.05%
155. VM CASH CCP LCH BPG USD n/a 0.05%
156. SUMISHO AIR LEASE CORP. 3.625% n/a 0.04%
157. XYLEM, INC. 3.25% n/a 0.04%
158. ATHENE GLOBAL FUNDING 5.339% n/a 0.03%
159. GLENCORE FUNDING LLC REGS SOFR n/a 0.03%
160. HYUNDAI CAPITAL AMERICA 4.9138% n/a 0.03%
161. ISRAEL ELECTRIC CORPORATION LTD. 7.75% n/a 0.03%
162. n/a n/a 0.03%
163. VM CASH FUT FOR BCY EUR n/a 0.03%
164. BMW US CAPITAL, LLC 4.3931% n/a 0.02%
165. CANADIAN IMPERIAL BANK OF COMMERCE 4.82% n/a 0.02%
166. CQS US CLO LTD 2021-1 4.9292% n/a 0.02%
167. FORD MOTOR CREDIT COMPANY LLC 4.125% n/a 0.02%
168. NTT FINANCE CORP n/a 0.02%
169. SBA TOWER TRUST 2.328% n/a 0.02%
170. TRINITAS CLO XXI LTD 4.8392% n/a 0.02%
171. VM CASH FUT DOM BCY USD n/a 0.02%
172. CARVAL 5.0229% n/a 0.01%
173. EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 5.45% n/a 0.01%
174. GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-2 4.55% n/a 0.01%
175. ICG US CLO 2015-2 LTD. 4.7829% n/a 0.01%
176. ROYAL CARIBBEAN GROUP 5.5% n/a 0.01%
177. VM CASH CCP CME BPG USD n/a 0.01%
178. VM CASH CCP LCH BPG CAD n/a 0.01%
179. VM CASH FUT FOR BCY AUD n/a 0.01%
180. VM CASH FUT FOR BCY CAD n/a 0.01%
181. VM CASH FUT FOR BCY GBP n/a 0.01%
182. AUD USD (UNDERLYING) n/a 0.00%
183. AUSTRALIAN DOLLARS n/a 0.00%
184. BRITISH POUND STERLING n/a 0.00%
185. BRL USD (UNDERLYING) n/a 0.00%
186. CAD USD (UNDERLYING) n/a 0.00%
187. EUR USD (UNDERLYING) n/a 0.00%
188. GBP USD (UNDERLYING) n/a 0.00%
189. ILS USD (UNDERLYING) n/a 0.00%
190. ISRAELI SHEKEL n/a 0.00%
191. ORO USD 2Y P 5.44200 L 03/29/27 CBK n/a 0.00%
192. SOUTH AFRICAN RAND n/a 0.00%
193. STATE STREET UNINVESTED CASH AUD n/a 0.00%
194. STATE STREET UNINVESTED CASH CAD n/a 0.00%
195. STATE STREET UNINVESTED CASH EUR n/a 0.00%
196. STATE STREET UNINVESTED CASH GBP n/a 0.00%
197. VM CASH CCP LCH BPG GBP n/a 0.00%
198. ZAR USD (UNDERLYING) n/a 0.00%
199. EUROPEAN MONETARY UNION EURO n/a 0.00%
200. ORO USD 2Y P 5.44300 L 03/29/27 JPM n/a 0.00%
201. BRAZILIAN REAL-NDF n/a 0.00%
202. RFR USD SOFR/4.00000 10/05/26-4Y* CME n/a -0.01%
203. OIS CAD CAONREPO/3.00000 05/25/26-5Y LCH n/a -0.01%
204. OIS CAD CAONREPO/2.75000 06/17/26-5Y LCH n/a -0.01%
205. RFR USD SOFR/3.75000 12/18/24-5Y LCH n/a -0.03%
206. RFR USD SOFR/4.00000 10/05/26-4Y* LCH n/a -0.05%
207. RFR USD SOFR/4.53700 12/11/26-1Y LCH n/a -0.11%
208. RFR USD SOFR/3.65000 09/11/26-1Y LCH n/a -0.27%
Holdings data last updated Oct 7, 2026 4:20 AM . Provider-reported weights may not sum exactly to 100%.
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