JJM

iPath Bloomberg Industrial Metals Subindex Total Return ETN
D

85
  • Overview
  • Efficiency
  • Tradability
  • Fit

JJM Fund Description

The iPath Bloomberg Industrial Metals Subindex Total Return ETN tracks an index of futures contracts on four different industrial metals, with varying contract lengths.

JJM Factset Analytics Insight

This ETN will be delisted after the market close on 04/12/2018. JJM tracks an index of four contracts in the industrial metals space: aluminum, nickel, zinc, and copper. These contracts are weighted by a combination of liquidity and production, with a 33% cap per contract. Contract maturities range from one to three months, depending on the commodity, according to a fixed schedule. Noticeably, JJM excludes exposure to lead (unlike our benchmark), but that is not too surprising considering the exclusion of lead is common in the industrial metals space.
JJM is an unpopular fund in an unpopular segment. Though ETNs rarely close, JJM is at risk of being de-listed. While reasonably priced in context, the note is difficult to trade, raising round trip costs. As an ETN, JJM does not issue a K-1 form at tax time, though investors must accept the counterparty risk of issuer Barclays.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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JJM Top 10 Contracts

JJM Summary Data

iPath
10/23/07
Exchange-Traded Note
0.75%
$10.79M
$159.10K
0.40%

JJM Portfolio Data

Futures
Extended Term
Annually
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JJM Index Data

Multi-Factor
Fixed
S&P GSCI Industrial Metals

Related ETFs to JJM

DBB, HEVY, UBM
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

JJM Portfolio Management

0.75%
1.59%
3.64%
-0.10%

JJM Tax Exposures

20.00% / 39.60%
--
No

JJM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Closing
None
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
09:54:1229.6662
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Bats BZX Real-time Quote - 17:20:55
Daily Spread
Premium/Discount
Volume

JJM 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 JJM. JJM is rated a 5 out of 5.

JJM Tradability

4,764
$159.10K
1,371
$42.47K
0.40%
$0.11
0.15%
2.15% / -1.58%
None
100.00%
50,000
0.03
0.00%
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$30.02
5

JJM Sector Breakdown

JJMSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

JJM Top 10 Targeted Commodity Weights

42.07%
29.36%
16.13%
12.44%

JJM Tenor Strategy

JJM tracks contracts that vary in maturity, from one to three months, according to a fixed schedule.

JJM Performance Statistics

0.95
1.07
1.06
1.06
0.00%

JJM Rolling Strategy

JJM rolls contracts between the 6th and 10th business day of pre-determined roll months.