ELEMENTS Dogs of the Dow Linked to the Dow Jones High Yield Select 10 Total Return Index
DOD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 1, 2009
- Similar Companies
- Business
- ELEMENTS Dogs of the Dow Linked to the Dow Jones High Yield Select 10 Total Return Index (DOD) is an exchange-traded note (ETN) that provides exposure to the performance of the Dow Jones High Yield Select 10 Total Return Index, a rules-based subset of the Dow Jones Industrial Average comprising the 10 highest dividend-yielding stocks selected annually each December; the index tracks total return, including price appreciation and reinvested dividends, from these high-yield components of the DJIA. Issued by Deutsche Bank AG, the ETN delivers returns linked to the index factor net of an annual investor fee of 0.75%, with payments at maturity or upon early repurchase equal to principal times the index factor times the fee factor, subject to the issuer's credit risk. Launched in late 2007, the product operates primarily in the U.S. market, trading on exchanges such as NYSE Arca under ticker symbols including DOD and DODXF, with headquarters tied to the issuer in Frankfurt, Germany. The core offering focuses solely on the ETN linked to the specified index, without additional product lines, brands, or diversified services beyond standard secondary market trading and potential issuer repurchases. It targets dividend-focused investors seeking concentrated exposure to the highest-yielding DJIA blue-chip stocks, emphasizing value-oriented strategies amid market volatility. In recent developments, the ETN exhibited performance struggles, lagging the Dow Jones Industrial Average significantly from the late 2010s onward, as evidenced by the tracking fund's trajectory leading to its closure in late 2022. Deutsche Bank suspended further issuances effective January 1, 2016, amid a broader wind-down of ELEMENTS ETN series, with some issues facing delisting as early as 2019, though outstanding notes remained available in secondary markets post-delisting. No new partnerships, acquisitions, funding rounds, product launches, or operational expansions have been reported for this specific ETN in the last 1-2 years, reflecting its legacy status within the structured products segment of exchange-traded investments.