AMJ

JPMorgan Alerian MLP Index ETN
*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’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.

PERFORMANCE [as of 07/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AMJ -9.45% 7.41% 36.08% 54.35% -4.63% -3.55% -0.55%
AMJ (NAV) -8.51% 8.90% 36.74% 51.97% -4.55% -3.60% -0.55%
Alerian MLP -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AMJ Summary Data

JPMorgan
04/02/09
Exchange-Traded Note
0.85%
$2.17B
$11.62M
0.05%

AMJ Portfolio Data

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7.42%
N/A
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AMJ Index Data

Alerian MLP
Market Cap
Distributions
N/A

AMJ Portfolio Management

0.85%
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AMJ Tax Exposures

20.00% / 39.60%
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Ordinary income
No

AMJ Fund Structure

Exchange-Traded Note
No
N/A
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JPMorgan Chase Bank NA (New York)
Low
Medium
Quarterly

AMJ Factset Analytics Block Liquidity

As of 07/23/21
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 N/A out of 5.

AMJ Tradability

602,277
$11.62M
442,164
$8.74M
0.05%
$0.01
-0.06%
1.63% / -1.38%
Potential
100.00%
50,000
8.84
0.12%
--
2,420
$18.26
N/A

AMJ Performance Statistics

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0.00%
N/A

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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