DJPiPath Bloomberg Commodity Index Total Return ETN
DJP Fund Description
DJP tracks a broad index of 22 different commodity contracts with varying roll schedules. Contract maturity can range from one to five months.
DJP Factset Analytics Insight
DJP is a broad basket commodity ETN that tracks an index with varying contract lengths and roll schedules. The index uses both liquidity- and US dollar-weighted production data to determine the relative quantities of included commodities. Additionally, the index attempts to embody four main principles in its construction: economic significance, diversification, continuity, and liquidity. Using these metrics, the index attempts to create a fair representation of each commodity’s importance to the world economy and to filter out unwarranted weightings for commodities. In addition to these factors, the index adds a 33% cap to commodity sectors and a 15% cap to individual commodities. Our segment benchmark also tracks a broad basket of commodity contracts, but the similarities end there. All contracts held in our benchmark, the S&P GSCI, are front-month contracts. Additionally, the benchmark does not have the same filtering methodology or capping requirements as the underlying index, so expect to see wide deviations in Fit.
DJP Portfolio Management
DJP Tax Exposures
DJP Fund Structure
DJP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DJP. DJP is rated a 5 out of 5.
DJP Sector Breakdown
DJP Tenor Strategy
DJP tracks contracts that vary in maturity, from one to five months, according to a fixed schedule.
DJP Rolling Strategy
DJP rolls contracts between the 6th and 10th business day of pre-determined roll months.
DJP Performance Statistics
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.