DBRT

AxelaTrader 3x Inverse Brent Crude Oil ETN

DBRT Fund Description

DBRT provides daily 3x inverse exposure to an index of front-month Brent crude oil futures contracts.

DBRT Factset Analytics Insight

Like most levered inverse products, DBRT is intended as a trading tool and not a buy and hold investment. The note provides -3x exposure to its index for a one-day period only. Due to the daily reset nature of the fund, investors who hold DBRT for longer periods are exposed to the effects of compounding and could see returns that vary significantly from the headline -3x exposure to the index. The underlying index tracks a hypothetical position in the nearest-to-expiration Brent crude oil futures contract, rolling that position on a monthly basis to the next available front-month contract. Unique in the space, DBRT tracks only Brent crude oil, eliminating any exposure to Brents US counterpart, WTI crude oil.
As an ETN, DBRT is backed by the credit of Credit Suisse AG, rather than futures and cash as in a commodity pool structure. Also, investors will receive a 1099 at tax time, instead of a K-1. DBRT is expensive to hold, but trading costs matter more for this tactical tool.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
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Bats BZX Real-time Quote - 17:36:07
Daily Spread
Premium/Discount
Volume

DBRT Factset Analytics Block Liquidity

As of 01/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DBRT. DBRT is rated a N/A out of 5.

DBRT Summary Data

Credit Suisse
AxelaTrader
09/14/17
Exchange-Traded Note
1.65%
$25.54M
0.20%

DBRT Portfolio Data

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N/A

DBRT Index Data

S&P GSCI Brent Crude Oil
Single Asset
Single Asset
N/A

DBRT Fund Structure

No
N/A
N/A
Credit Suisse AG
Low
Low
-3
Daily

DBRT Tax Exposures

20.00% / 39.60%
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No

DBRT Tradability

476
$29.53K
300
$15.54K
0.20%
0.70%
18.87% / -4.96%
None
25,000
0.01
0.11%
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$43.45
N/A