JJN

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

JJN Fund Description

JJN tracks an index of a single nickel futures contract, rolled according to a fixed schedule.

JJN Factset Analytics Insight

JJN tracks an index consisting of a single nickel futures contract at a time, beginning with two months left to maturity and rolling shortly before expiration. Expect to see some deviation from our segment benchmark, which utilizes a front-month-only strategy. The use of futures contracts for exposure means the note may deviate significantly from spot price returns, which can only be had by holding physical nickelno ETPs do so. As an ETN, JJN does not issue a K-1 form at tax time, though investors must accept the counterparty risk of issuer Barclays. JJN replaced an older ETN with the same ticker. The newer, series B note tracks the same index, but charges a lower fee and avoids path dependency issues that made its predecessor more expensive to hold over time. It also includes a call provision. The new version traded under the ticker BJJN until November 16, 2018.

PERFORMANCE [as of 07/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JJN 6.83% 17.31% 13.13% 38.51% 11.49% -- --
JJN (NAV) 7.21% 17.90% 15.84% 39.55% 12.18% 42.98% --
Bloomberg Nickel Subindex Total Return 7.25% 18.03% 16.14% 40.18% 12.68% 12.50% -3.17%
S&P GSCI Nickel Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JJN Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$25.95M
$155.84K
0.99%
N/A

JJN Portfolio Data

Futures
Extended Term
Annually
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JJN Index Data

Single Asset
Single Asset
S&P GSCI Nickel Index

JJN Portfolio Management

0.45%
-0.57%
-0.36%
-0.70%

JJN Tax Exposures

20.00% / 39.60%
--
No

JJN Fund Structure

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

JJN Factset Analytics Block Liquidity

As of 07/26/21
5
4
3
2
1

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

JJN Tradability

6,667
$155.84K
5,394
$109.61K
0.99%
$0.24
0.31%
3.16% / -66.48%
None
100.00%
50,000
0.11
0.00%
--
120
$25.35
5

JJN Sector Breakdown


JJN
Segment Benchmark
100.00%
100.00%

JJN Tenor Strategy

JJN 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.

JJN Rolling Strategy

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

JJN Performance Statistics

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0.00%