JO

iPath Bloomberg Coffee Subindex Total Return ETN
C

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

JO Fund Description

The iPath Bloomberg Coffee Subindex Total Return ETN tracks an index that holds a single coffee futures contract with varying maturities.

JO Factset Analytics Insight

JO is just about the only practical choice for getting exposure to coffee prices in an ETP wrapper. The note tracks a single coffee futures contract at a time, purchased two or three months out and held until the month of maturity. The note tracks every other contract from February through July, but switches to every third contract during the fall and winter months. Although this methodology does not perfectly imitate our segment benchmark—which uses front month contracts year-round—JO still serves as a decent proxy for spot coffee prices. JO enjoys strong liquidity, trading in steady volumes with manageable spreads, and it can be traded at a reasonable price in blocks. JO charges a somewhat steep fee, but its tracking is decent, keeping holding costs down.

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

JO Summary Data

iPath
06/24/08
Exchange-Traded Note
0.75%
$181.06M
$4.46M
0.14%

JO Portfolio Data

Futures
Extended Term
Annually
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JO Index Data

Single Asset
Single Asset
S&P GSCI Coffee

Related ETFs to JO

CAFE
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

JO Portfolio Management

0.75%
-1.54%
2.1%
-3.85%

JO Tax Exposures

20% / 39.6%
--
No

JO Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Low
None
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5015.8811
15:57:2515.88100
15:51:3915.89200
15:48:5915.9048
12:05:1216.01100
11:50:5616.02100
11:13:5715.98100
11:01:0415.95100
11:01:0415.95400
10:55:2315.95100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

JO Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

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

JO Tradability

268,606
$4.46M
209,661
$3.62M
0.14%
$0.02
0.29%
1.13% / -0.95%
None
100%
50,000
4.19
0.00%
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24,734
$15.83
5

JO Sector Breakdown

JOSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

JO Top 10 Targeted Commodity Weights

JO Tenor Strategy

JO tracks a single contract at a time starting two or three months from maturity, according to a fixed schedule, and holds until shortly before expiration.

JO Performance Statistics

1
1.06
1.06
1.05
0%

JO Rolling Strategy

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