By means of extensive contact dynamics simulations, we analyzed the effect of particle size distribution (PSD) on the strength and microstructure of sheared granular materials composed of frictional disks. The PSDs are built by means of a normalized β function, which allows the systematic investigation of the effects of both, the size span (from almost monodisperse to highly polydisperse) and the shape of the PSD (from linear to pronouncedly curved). We show that the shear strength is independent of the size span, which substantiates previous results obtained for uniform distributions by packing fraction. Notably, the shear strength is also independent of the shape of the PSD, as shown previously for systems composed of frictionless disks. In contrast, the packing fraction increases with the size span, but decreases with more pronounced PSD curvature. At the microscale, we analyzed the connectivity and anisotropies of the contacts and forces networks. We show that the invariance of the shear strength with the PSD is due to a compensation mechanism which involves both geometrical sources of anisotropy. In particular, contact orientation anisotropy decreases with the size span and increases with PSD curvature, while the branch length anisotropy behaves inversely.