AMJ
J.P. Morgan Alerian MLP Index ETNAMJ Fund Description
AMJ 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.
AMJ Charts And Performance
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AMJ Portfolio Data
AMJ Portfolio Management
AMJ Tax Exposures
AMJ Fund Structure
AMJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AMJ. AMJ is rated a N/A out of 5.
AMJ Tradability
AMJ Performance Statistics
AMJ Benchmark Comparison Summary
AMJ
AMJ Benchmark Comparison Market Cap Size
AMJ
Options Strategies for Outcome Investing
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