AGF

DB Agriculture Long ETN
D

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*Unless otherwise stated, data provided by FactSet.

AGF Fund Description

AGF tracks an index of 6 agricultural commodity futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

AGF Factset Analytics Insight

AGF provides exposure to corn, wheat, soybeans and sugar via futures contracts that are chosen by the index provider to minimize the effects of contango. In contrast, our production-weighted benchmark uses front-month contracts for exposure to its basket of commodities. AGF has outperformed both our benchmark and its underlying index in recent years as AGF's dynamic contract selection is less sensitive to short-term price changes—AGF has more exposure to contracts farther along the futures curve. Structurally, AGF offers investors a trade-off: As an ETN, it introduces counterparty risk, but frees investors from the headaches associated with receiving a K-1. AGF's 75 bp fee is higher than some competing products, but not prohibitive. The big concern for investors is that AGF is closed to creations, so shares can swing to huge premiums in periods of high demand.

AGF CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 02/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AGF 0.68% -20.18% -8.84% -9.45% -5.56% -4.34% -5.27%
AGF (NAV) -0.06% 0.44% 2.28% -10.83% -3.78% -9.68% -4.91%
Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture -2.09% 0.21% 1.58% -12.01% -4.46% -10.17% -4.91%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AGF Summary Data

04/14/08
Exchange-Traded Note
0.75%
$733.86K
$1.17K
28.77%

AGF Portfolio Data

Futures
Optimized
Annually
0

AGF Index Data

Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture
Fixed
Fixed
N/A

AGF Portfolio Management

0.75%
0.71%
1.21%
0.29%

AGF Tax Exposures

20.00% / 39.60%
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No

AGF Fund Structure

Exchange-Traded Note
No
N/A
Deutsche Bank AG
Medium
High
None
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

AGF Factset Analytics Block Liquidity

As of 02/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of AGF. AGF is rated a 0 out of 5.

AGF Tradability

120
$1.17K
0
0
28.77%
$2.55
-2.75%
31.34% / -24.66%
Potential
100.00%
50,000
0
0.31%
--
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$9.49
0

AGF SECTOR BREAKDOWN


AGF
Segment Benchmark
100.00%
100.00%

AGF Tenor Strategy

AGF's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

AGF Rolling Strategy

AGF rolls contracts between the 2nd and 6th business days each month.

AGF Performance Statistics

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0.89
0.88
0.00%