AMJ

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

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*Unless otherwise stated, data provided by FactSet.

AMJ 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

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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  • 1 Month
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  • YTD
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COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AMJ -0.67% -11.00% -4.15% -3.51% 5.95% -5.16% --
AMJ (NAV) -0.59% -11.09% -4.15% -3.37% 5.96% -5.17% --
Alerian MLP -0.54% -10.97% -3.47% -2.66% 6.76% -4.44% --
Alerian MLP -0.54% -10.97% -3.47% -2.66% 6.76% -4.44% 10.45%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AMJ Top 10 Countries

AMJ Top 10 Holdings

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AMJ Summary Data

JPMorgan
04/02/09
Exchange-Traded Note
0.85%
$2.86B
$55.92M
0.04%

AMJ Portfolio Data

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7.62%
02/27/19
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AMJ Index Data

Alerian MLP
Market Cap
Distributions
Alerian MLP

AMJ Portfolio Management

0.85%
-0.54%
0.94%
-14.51%

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 / N/A
JPMorgan Chase & Co
Low
Low
Quarterly
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

AMJ Factset Analytics Block Liquidity

As of 12/14/18
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 0 out of 5.

AMJ Tradability

2,216,893
$55.92M
1,737,388
$44.54M
0.04%
$0.01
0.00%
15.62% / -1.58%
Potential
100.00%
50,000
34.75
0.13%
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209,583
$24.55
0

AMJ Countries


AMJ
Segment Benchmark
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100.00%

AMJ Regions


AMJ
Segment Benchmark
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100.00%

AMJ Economic Development


AMJ
Segment Benchmark
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100.00%

AMJ Performance Statistics

0.45
1.04
1.06
1.30
1.28%
Alerian MLP

AMJ BENCHMARK COMPARISON HOLDINGS

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AMJ BENCHMARK COMPARISON SUMMARY


AMJ
Segment Benchmark
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AMJ BENCHMARK COMPARISON MARKET CAP SIZE


AMJ
Segment Benchmark
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