DB Base Metals Double Long ETN

Frequently Asked Questions About BDD

What does BDD invest in?

The investment seeks to track the price and yield performance, before fees and expenses, 200% of the daily return of the Deutsche Bank Liquid Commodity index - Optimum Yield Industrial Metals Excess Return. The fund allows investors to take a leveraged view on the performance of the industrial metals sector. The index is a rules-based index composed of futures contracts on some of the most liquid and widely used base metals, aluminum, zinc and copper.

What is the expense ratio of BDD?

DB Base Metals Double Long ETN (BDD) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BDD?

DB Base Metals Double Long ETN (BDD) manages $842,869 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BDD actively managed or an index fund?

BDD is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BDD's is 0.75%) because there's no security selection cost.

When was BDD launched?

DB Base Metals Double Long ETN (BDD) launched in June 2008 and is managed by DB.

How has BDD performed?

BDD's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.