While Benjamin Graham’s deep value strategy for selecting stocks lives on, exchange-traded notes (ETNs) that attempted to mimic him won’t.

Deutsche Bank repurchased three ELEMENTS ETNs linked to the Benjamin Graham indexes, giving investors a final cash payment on August 26.

The ETNs are:

•   ELEMENTS Benjamin Graham Total Market Value Index-Total Return ETN (BVT)

•   ELEMENTS Benjamin Graham Large Cap Value Index-Total Return ETN (BVL)

•   ELEMENTS Benjamin Graham Small Cap Value Index-Total Return ETN (BSC) 

Despite respectable performance over the past three years, the Ben Graham notes remained obscure throughout their existence and never attracted significant investment assets. As of mid-year 2011, the combined ETNs had less than $5 million in total assets. The notes were originally launched in August 2008.

Deutsche Bank manages 30 other U.S. listed ETNs with around $1.27 billion in assets.