Key stats
About Deutsche Bank AG (London Branch)
Home page
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 US25154H4754
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. As a levered product, DYY is not a buy-and-hold ETF, it`s a short-term tactical instrument. Unlike most levered fundswhich usually reset dailyDYY offers 2x exposure over one-month periods. Over periods that span one or more monthly reset dates, returns can vary significantly from its promised 2x exposure. Crucially, the plumbing that keeps DYY trading in line with its indicative value is broken: DYY has been closed for creations since February 2012. Consequently, it`s subject to premiums that may persist indefinitely. Management fees are reasonable, but as a short-term product, trading costs are relatively more important here. Access could be prohibitively expensive: in the past, average spreads have been extremely wide and variable, and the fund barely trades. AUM is low too. Only the most resolute and experienced investors should even consider navigating DYY`s myriad challenges.
Related funds
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.
DYYXF assets under management is 404.40 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.
DYYXF 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.
Yes, DYYXF is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, DYYXF doesn't pay dividends to its holders.
DYYXF shares are issued by Deutsche Bank AG
DYYXF follows the Deutsche Bank Liquid Commodity Index. 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.