Key stats
About Deutsche Bank AG (London Branch)
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Inception date
Jun 16, 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 US25154K8669
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. OLO serves up optimized exposure to WTI oil futures in an ETN wrapper, but weak investor interest undermines its appeal. All oil ETPs get exposure to oil prices with futures, and the shape of the futures curve can severely impact returns. Some fundsand our benchmarkroll expiring contracts into the next month, and take their lumps with respect to contango and backwardation. OLO's index looks out over the next 13 months and picks the contract with the best roll yield. This process has helped OLO beat our benchmark over the past 3 years, however it has not fared as well this last year. As an ETN, OLO comes with counterparty risk but avoid K-1s. Investors have largely avoided OLOit suffers from low AUM and poor liquidity, raising closure concerns.
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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.
OLOXF assets under management is 1.06 M 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.
OLOXF 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, OLOXF 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, OLOXF doesn't pay dividends to its holders.
OLOXF shares are issued by Deutsche Bank AG
OLOXF follows the DBIQ Optimum Yield Crude Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 16, 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.