AMJLCredit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN
AMJL Fund Description
AMJL follows a dividend-selected, market cap-weighted index of MLPs.
AMJL Factset Analytics Insight
AMJL is the first leveraged play on the popular Alerian MLP Index. The fund aims to deliver twice the monthly returns and distributions, if any, of the underlying index. As with all geared ETPs, investors are unlikely to experience the target multiple over the long haul. AMJL's index covers roughly 85% of the entire energy MLP market, with a profile of around 40 included constituents. While holding costs are less important than trading costs for short-term, leveraged products, Credit Suisse charges an unusually steep fee for AMJL, even in the context of the fund's specialized exposure. As an ETN, AMJL shouldn’t have any trouble following its index closely. 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.
AMJL CHARTS AND PERFORMANCE
AMJL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AMJL. AMJL is rated a N/A out of 5.