ETF Evaluator:
DB Agriculture Long ETN ()
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(as of )
Best Performing in Commodities Focused Over the Last Year
| 2251.5% | Breakwave Tanker Shipping ETF (BWET) |
| 81.8% | United States Gasoline (UGA) |
| 64.2% | Commodities Focused () |
| 63.3% | Invesco DB Energy (DBE) |
| 61.8% | United States Oil (USO) |
Risk
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Risk
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ETF Details
DB Agriculture Long ETN Overview
DB Agriculture Long ETN (AGFXF) is a passively managed Commodities Commodities Focused exchange-traded fund (ETF). Deutsche Bank AG launched the ETF in 2008.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Agriculture.
The fund is a senior unsecured obligation. The index is composed of roughly equal percentages of corn, wheat, soybean, and sugar futures contracts.
About DB Agriculture Long ETN (AGFXF)
There are 1 members of the management team with an average tenure of 18.31 years: No Manager (2008). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: DB Liq Commo-Optimum Yld Agricult TR USD index with a weighting of 100%. DB Agriculture Long ETN has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
DB Agriculture Long ETN is part of the Real Assets global asset class and is within the Commodities ETF group. DB Agriculture Long ETN has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DB Agriculture Long ETN has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $157 million in total assets, which is below the $4 billion average for the Commodities Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AGFXF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DB Agriculture Long ETN expense ratio is above average compared to funds in the Commodities Focused category. DB Agriculture Long ETN has an expense ratio of 0.75%, which is 2% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DB Agriculture Long ETN has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 15% for the Commodities Focused category.
Recently, in the month of July 2026, DB Agriculture Long ETN returned 4.8%, which earned it a grade of B, as the Commodities Focused category had an average return of 5.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
DB Agriculture Long ETN has a trailing yield of 0.00%, which is below the 7.11% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DB Agriculture Long ETN Grades
Year to date, the ETF has returned 7.2%, 24.2 percentage points worse than the category, which translates into a grade of B. The fund has returned 5.1% over the past year (grade of F), -7.2% over the past three years (grade of F) and -0.9% per year over the past five years (grade of F) and -0.5% per year over the past 10 years (grade of F).
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AGFXF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AGFXF Return (NAV) | 4.8% | -2.8% | 5.1% | -7.2% | -0.9% | -0.5% |
| AGFXF Return (Price) | 0.0% | 0.0% | -0.4% | -9.1% | 4.1% | -1.0% |
| NAV +/- Price Return | 4.793% | -2.796% | 5.503% | 1.994% | -5.061% | 0.448% |
| Commodities Focused Avg | 5.1% | -6.8% | 64.2% | 14.3% | 9.6% | 6.0% |
| AGFXF Grade (NAV) | B | B | F | F | F | F |
| +/- Category (NAV) | -0.3% | 4.0% | -59.0% | -21.5% | -10.5% | -6.5% |
| AGFXF Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
AGFXF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AGFXF Return (NAV) | 7.2% | -7.5% | -15.4% | -1.6% | 9.9% | 27.7% | 5.0% | -1.3% | -11.2% | -9.5% | 4.5% |
| AGFXF Return (Price) | 32.1% | -33.8% | -5.7% | 15.6% | 22.2% | 24.1% | -19.4% | -7.1% | -3.8% | -14.1% | 6.4% |
| NAV +/- Price Ret | 3.449% | 3.518% | -0.631% | -10.520% | 1.248% | -0.128% | -4.889% | 436.6% | -66.3% | 47.9% | 40.3% |
| Commodities Focused Avg | 31.4% | 35.6% | 6.2% | -1.1% | 9.2% | 27.8% | 1.5% | 14.9% | -9.5% | 3.1% | 10.0% |
| AGFXF Grade (NAV) | B | D | F | C | B | C | C | F | C | F | D |
| +/- Category | -24.2% | -43.0% | -21.6% | -0.6% | 0.7% | -0.2% | 3.5% | -16.2% | -1.8% | -12.6% | -5.5% |
| Risk Measures | |
| Beta: | 0.56 |
| R-Squared: | 47% |
| Standard Deviation: | 11.0% |
| Category Risk Index: | 0.43 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.90 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | DB Liq Commo-Optimum Yld Agricult TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 18.3 years | |||
| Average Tenure: 18.3 years | |||
| Managers (Year): Manager No (2008) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | Deutsche Bank AG |
| Phone Number: | 877-369-4617 |
| Website: | www.deutsche-bank.de |
| Inception Date: | April 14, 2008 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.76% |
