Some investors who follow Muscular Portfolios were surprised on Dec. 3 when PDBC, an ETF that tracks commodities, recorded a dividend of $5.39 a share — a yield of more than 26%. The truth is that PDBC gained over 90% in the 18 months since the “coronavirus” bear market ended in spring 2020. The big distribution is a sign of excellent performance and, fortunately, was nothing to worry about. See Newsletter #40.