JJM

iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN
*Unless otherwise stated, data provided by FactSet.

JJM Fund Description

JJM tracks an index of futures contracts on four different industrial metals, rolled according to a fixed schedule.

JJM Factset Analytics Insight

JJM tracks an index of four contracts in the industrial metals space: aluminum, nickel, zinc, and copper. These contracts are weighted by a combination of liquidity and production, with a 33% cap per contract. Contract maturities range from one to three months, depending on the commodity, according to a fixed schedule. Noticeably, JJM excludes exposure to lead (unlike our benchmark), but that is not too surprising considering the exclusion of lead is common in the industrial metals space. As an ETN, JJM does not issue a K-1 form at tax time, though investors must accept the counterparty risk of issuer Barclays. JJM replaced an older ETN with the same ticker. The newer, series B note tracks the same index, but avoids path dependency issues. It also includes a call provision. The new version traded under the ticker JJMB until November 16, 2018.

PERFORMANCE [as of 09/24/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JJM 5.82% 7.70% 24.43% 44.28% 11.76% -- --
JJM (NAV) 4.63% 7.61% 24.89% 45.07% 11.85% 23.21% --
Bloomberg Industrial Metals Subindex 4.67% 7.73% 25.31% 45.72% 12.35% 11.83% 1.26%
S&P GSCI Industrial Metals Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JJM Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$12.14M
$41.42K
1.04%
DBB

JJM Portfolio Data

Futures
Front Month
Annually
--

JJM Index Data

Bloomberg Industrial Metals Subindex
Multi-Factor
Fixed
S&P GSCI Industrial Metals Index

JJM Portfolio Management

0.45%
-0.62%
-0.44%
-0.77%

JJM Tax Exposures

20.00% / 39.60%
--
No

JJM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None

JJM Factset Analytics Block Liquidity

As of 09/27/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of JJM. JJM is rated a 5 out of 5.

JJM Tradability

711
$41.42K
466
$28.34K
1.04%
$0.64
0.06%
0.97% / -3.13%
None
100.00%
50,000
0.01
--
--
0
$63.39
5

JJM Sector Breakdown


JJM
Segment Benchmark
100.00%
100.00%

JJM Tenor Strategy

JJM 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.

JJM Rolling Strategy

JJM rolls contracts over an annually pre-determined 5 day period each month.

JJM Performance Statistics

--
--
--
--
0.00%