AMJJPMorgan Alerian MLP Index ETN
AMJ Fund Description
AMJ tracks a market-cap-weighted index of North American energy infrastructure MLPs.
AMJ Factset Analytics Insight
AMJ’s history goes back further than the inception date would indicate. The first ETN to launch in the MLP space, on this same index, was from Bear Stearns in 2007. Following JPMorgan’s acquisition of Bear Stearns in 2008, AMJ provided investors the opportunity to transfer their positions. The note tracks a broad and market-like 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. MLP ETN distributions are taxed as ordinary income. As with all MLP ETNs, it’s not backed by underlying securities but by the issuing bank’s promise to pay. Structure is a key consideration in the MLP space. 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.
AMJ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
AMJ Summary Data
AMJ Portfolio Data
AMJ Index 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 Performance Statistics
AMJ Benchmark Comparison Summary
AMJ Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.