Kiker Wealth Slashes Commodity Strategy ETF Position Amid Major Portfolio Restructuring

On January 30, 2026, Kiker Wealth Management filed a significant reduction in its commodity strategy holdings, divesting 917,662 shares of the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ: PDBC) in a transaction valued at approximately $12.4 million. This move represents a dramatic shift in the fund manager’s overall investment approach, coinciding with a massive contraction of its total portfolio.

The decision to pare back the commodity strategy position is particularly noteworthy given the broader context of Kiker Wealth’s portfolio restructuring in the fourth quarter of 2025.

What This Commodity Strategy Move Signals

The liquidation of roughly 917,662 PDBC shares reflects more than routine rebalancing. Kiker Wealth’s total assets plummeted from approximately $198 million in Q3 2025 to just $3 million by year-end—a staggering decline that accompanied a reduction in disclosed positions from 221 down to a mere 12 holdings. Within this sweeping portfolio contraction, the fund manager retained a 23,805-share stake in PDBC worth $315,416 after the sale.

This selective retention carries investor implications: the decision to maintain exposure to a commodity strategy ETF despite liquidating over 85% of total positions suggests there remains tactical value in diversified commodity exposure heading into 2026.

Understanding the PDBC Position and Its Role

The quarter-end position adjustment reduced the ETF’s weight in Kiker Wealth’s portfolio from representing a substantial holding to 10.5% of remaining 13F-reportable assets. Following the trade execution, PDBC remained among the fund’s top five holdings, alongside:

• NASDAQ: IGSB ($487,448, representing 16.2% of AUM)
• NYSEMKT: OUNZ ($336,444, or 11.2% of AUM)
• NYSEMKT: IWM ($325,424, comprising 10.8% of AUM)
• NYSEMKT: TLT ($307,588, accounting for 10.2% of AUM)

As of January 29, 2026, PDBC traded at $15.02 per share, up 16.9% over the preceding twelve months, though lagging the S&P 500 by a marginal 0.12 percentage points. The fund maintains a dividend yield of 3.50%, providing ongoing income alongside potential capital appreciation.

The Commodity Strategy Framework Behind PDBC

Invesco’s Optimum Yield Diversified Commodity Strategy ETF employs an actively managed approach designed to deliver broad exposure to major commodity markets spanning energy, agriculture, and metals without the tax complexity of K-1 reporting requirements. The fund targets investors seeking commodity diversification through a liquid exchange-traded structure that holds financial instruments linked to the world’s most heavily traded commodities.

By utilizing an optimum yield methodology, the commodity strategy aims to enhance returns while mitigating the impact of contango—the situation where near-term commodity prices trade below longer-dated futures. This structural approach differentiates PDBC from passive commodity tracking strategies and appeals to investors valuing both diversification and active management discipline.

The fund manages $4.48 billion in assets and encompasses 12 total positions following the quarter’s conclusion.

Why Commodity Strategy Exposure Matters in 2026

Market uncertainty defines the current environment, particularly with a new Federal Reserve Chairman potentially altering monetary policy trajectories and reshaping expectations around inflation and interest rates. These macroeconomic shifts carry direct implications for how commodities and commodity strategy funds perform.

Falling interest rates could provide upward pressure on commodity prices, benefiting ETFs like PDBC by expanding portfolio valuations. Conversely, the persistence of geopolitical tensions worldwide reinforces the case for maintaining commodity exposure as a hedge against broader market volatility. Within a diversified commodity strategy framework, investors gain multi-faceted exposure—reducing single-commodity concentration risk while capturing potential gains across energy, agricultural, and precious metals sectors.

What Investors Should Consider

The Kiker Wealth transaction underscores an important dynamic: even amid aggressive portfolio de-risking, experienced fund managers maintain selective positions in quality commodity strategy vehicles. This behavior suggests confidence in the risk-return profile of diversified commodity exposure for the year ahead.

For individual investors evaluating commodity strategy options, PDBC offers a streamlined approach to broad commodity market access within a single, tax-efficient wrapper. The combination of 3.50% dividend yield, active optimization methodology, and diversified commodity exposure creates a multi-layered appeal for those seeking portfolio diversification beyond traditional stocks and bonds.