Name of ETN: iPath Pure Beta Agriculture ETN
Benchmark Index: Barclays Commodity Index Agriculture Pure Beta TR
Ticker Symbol: DIRT
Underlying Commodity Exposure: This ETN is designed to move in the same direction as commodities in the agricultural sector (corn, coffee, cotton, soybeans, soybean oil, soybean meal, sugar, wheat and Kansas wheat).
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of futures contracts on agricultural commodities.
- The index historically has been comprised of nine different agricultural commodity futures contracts.
- The index may use a number of different future contracts with varying expiration dates.
- Investors looking to invest in commodities without opening a futures account can use commodity ETFs/ETNs as an alternative investment vehicle. Investors should be aware that investing in ETNs is not the same as owning interests in the commodities futures contracts as there is no principal protection.