DXO

DXO is an exchange trade note (ETN) that tracks the overall performance of the price of oil. ETNs are debt instruments. These debt instruments do not own anything but a promise to track an index. Unlike an ETF, which does own a basket of securities, an ETN is considered an unsecured debt instrument. Therefore, when purchasing an ETN, it is a good idea to ask yourself if you would lend money to the ETN provider.

DXO 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 Oil Excess Return. The fund allows investors to take a leveraged view on the performance of crude oil. The index is a rules-based index composed of futures contracts on light sweet crude oil and is intended to reflect the performance of crude oil.


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