AMJ

J.P. Morgan Alerian MLP Index ETN
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

AMJ Fund Description

The JPMorgan Alerian MLP ETN tracks a market-cap-weighted index of North American energy infrastructure MLPs.

AMJ Factset Analytics Insight

AMJ is an extremely large and liquid MLP exchange-traded note, and it tracks a broad and marketlike MLP index. Its ETN structure carries none of the potential tax deferred income of the constituent MLPs, but does provide pure play exposure to the space on a total return, pre-tax basis. Put plainly, MLP ETN distributions are taxed as ordinary income.

As with all ETNs, the note is not backed by underlying securities (MLP units in this case) but by the issuing bank’s promise to pay. Investors aren’t worried judging from the billions of dollars in AUM. Structure is a key consideration in MLP ETP investing; AMJ is a solid choice for those wanting an ETN wrapper. AMJ’s issuing bank has limited creations to sales from inventory, which may have contributed to significant premiums and discounts in the past. Consider comparing price with intraday value before trading, and checking recent funds flows as a measure of creation activity. Note: Rivals AMU and AMUB track the same index in less liquid packages.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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AMJ Top 10 Countries

AMJ Top 10 Sectors

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AMJ Top 10 Holdings

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AMJ Summary Data

JPMorgan
04/02/09
Exchange-Traded Note
0.85%
$3.54B
$96.67M
0.04%

AMJ Portfolio Data

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--
--
6.37%
02/27/18
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AMJ Index Data

Alerian MLP Index
Market Cap
Distributions
Alerian MLP Index

Related ETFs to AMJ

AMU, AMUB, AMLP, MLPI, MLPB
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

AMJ Portfolio Management

0.85%
-0.91%
2.04%
-6.89%

AMJ Tax Exposures

20.00% / 39.60%
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Ordinary income
No

AMJ Fund Structure

Exchange-Traded Note
No
N/A
N/A
JPMorgan Chase & Co
Low
Low
Quarterly
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5929.79117
15:59:5729.79400
15:59:5729.79200
15:59:5729.79200
15:59:5729.79300
15:59:5729.79500
15:59:5129.79100
15:59:4529.78100
15:59:4529.7910
15:59:4029.78100
Bats BZX Real-time Quote - 17:29:47
Daily Spread
Premium/Discount
Volume

AMJ Factset Analytics Block Liquidity

As of 01/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of AMJ. AMJ is rated a 5 out of 5.

AMJ Tradability

3,563,191
$96.67M
3,653,024
$100.44M
0.04%
$0.01
-0.03%
0.62% / -0.91%
Potential
100.00%
50,000
73.06
0.13%
--
33,263
$30.01
5

AMJ Sector/Industry BreakdownView All

AMJ Top 10 HoldingsView All

AMJ Geographic Exposure

AMJSegment Benchmark
100.00% --

AMJSegment Benchmark
100.00% --
0.00% / 0.00% 0.00% / 0.00%

AMJ Performance Statistics

0.99
0.98
0.98
0.98
0.09%
Alerian MLP Index

AMJ BENCHMARK COMPARISON

    AMJ
    -- Holdings
    Segment Benchmark
    -- Constituents
    Shared Holdings
    -- (Count)
     
    -- (Weight)
AMJSegment Benchmark
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