JJCiPath Series B Bloomberg Copper Subindex Total Return ETN
JJC Fund Description
JJC tracks an index of a single copper futures contract.
JJC Factset Analytics Insight
JJC tracks an index consisting of a single copper futures contract at a time. The methodology weights the contracts by liquidity (2/3) and US dollar-weighted production (1/3). Contracts follow a fixed schedule, the index rolls into contracts two months from maturity in February, April, and June, and three months from maturity in August and November. The index continues tracking each contract until shortly before expiration. As an ETN, JJC does not issue a K-1 at tax time, but investors must accept the counterparty risk from the issuer, Barclays. JJC replaced an older ETN with the same ticker. The newer, series B note tracks the same index and avoids path dependency issues. It also includes a call provision. The new version traded under the ticker JJCB until November 16, 2018.
JJC Portfolio Management
JJC Tax Exposures
JJC Fund Structure
JJC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JJC. JJC is rated a 5 out of 5.
JJC Tenor Strategy
JJC invests solely in second-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.
JJC Rolling Strategy
JJC rolls contracts over an annually pre-determined 5 day period each month.