Key stats
About Deutsche Bank AG (London Branch)
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Inception date
Apr 14, 2008
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Identifiers
3
ISIN US25154H5330
This ETN was delisted on April 11, 2019, and now trades over-the-counter on the pink sheets. As a result, shareholders should anticipate ultra-wide spreads, minimal trading volumes, and prices well above or below NAVs. AGF provides exposure to corn, wheat, soybeans and sugar via futures contracts that are chosen by the index provider to minimize the effects of contango. In contrast, our production-weighted benchmark uses front-month contracts for exposure to its basket of commodities. AGF has outperformed both our benchmark and its underlying index in recent years as AGF's dynamic contract selection is less sensitive to short-term price changesAGF has more exposure to contracts farther along the futures curve. Structurally, AGF offers investors a trade-off: As an ETN, it introduces counterparty risk, but frees investors from the headaches associated with receiving a K-1. AGF's 75 bp fee is higher than some competing products, but not prohibitive. The big concern for investors is that AGF is closed to creations, so shares can swing to huge premiums in periods of high demand.
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Classification
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AGFXF assets under management is 177.72 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AGFXF expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AGFXF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, AGFXF doesn't pay dividends to its holders.
AGFXF shares are issued by Deutsche Bank AG
AGFXF follows the DB Liquid Commodity - Optimum Yield Agriculture (ER). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 14, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.