DB Agriculture Double Long ETN
DAG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Apr 8, 2010
- Similar Companies
- Business
- DB Agriculture Double Long ETN (DAG) is an exchange-traded note issued by Deutsche Bank AG (London Branch) that provides investors with leveraged exposure to the agriculture commodity sector. The ETN seeks to track two times (2x) the monthly performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture, plus the monthly return of the DB 3-Month T-Bill Index, before fees and expenses; the underlying index comprises futures contracts on corn, soybeans, wheat, and sugar in roughly equal weights, focusing on optimum yield roll strategies for long positions in these agricultural commodities. As a senior unsecured debt obligation of the issuer, DAG offers targeted leveraged access to agriculture futures markets without direct commodity ownership, subject to daily resets, compounding effects, and counterparty credit risk. Launched on April 14, 2008, and domiciled in Germany with a scheduled maturity of April 1, 2038, the ETN trades primarily on U.S. exchanges including NYSE Arca under the ticker DAG. It was formerly known as PowerShares DB Agriculture Double Long ETN following an initial association with Invesco's PowerShares branding prior to Deutsche Bank's full assumption of issuance responsibilities. Geographically, the ETN targets global institutional and retail investors seeking commodities exposure, with operations tied to international futures markets in the underlying agricultural commodities. Recent developments include ongoing trading activity amid volatile agriculture markets, with no reported partnerships, funding rounds, acquisitions, or product relaunches specific to DAG in the last 1-2 years; issuance remains managed by Deutsche Bank amid broader issuer efforts in sustainable agriculture investments, such as green products offered to European retail clients. The ETN continues to list four primary holdings reflecting the index constituents, maintaining its focus on leveraged agriculture sector performance despite low assets under management around $944,000 and heightened volatility. Investors are exposed to potential early redemption options, though standard secondary market trading prevails.