JJP

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

JJP Fund Description

JJP tracks an index designed to provide exposure to gold and silver through futures contracts.

JJP Factset Analytics Insight

JJP tracks an index of futures contracts on both gold and silver. Contracts are tracked beginning at two to four months to maturity, according to a fixed schedule, and held until shortly before expiration. JJP weights the two metals using a combination of liquidity and production data, which means it overweights silver compared to our production-weighted, gold-heavy benchmark index. Like our benchmark, JJP has no exposure to platinum or palladium. Because it tracks futures prices, JJP will not perfectly follow the spot price of gold and silver. Unlike most other commodities, spot-tracking ETPs are available for both gold and silver—and they’re generally cheaper to hold. As an ETN, JJP is subject to the counterparty risk of its issuer, Barclays. However, JJP offers two advantages over other products: it issues a 1099 at tax time (not a complex K-1), and it’s taxed at the regular long-term capital gains rate (not the higher collectibles rate). JJP 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 JJPB until November 16, 2018.

JJP Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 08/07/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JJP 19.23% 26.47% 35.26% 37.66% -- -- --
JJP (NAV) 17.44% 25.28% 33.95% 35.17% -- -- --
Bloomberg Precious Metals Subindex Total Return 17.48% 25.42% 34.31% 35.78% 15.94% 11.77% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JJP Summary Data

iPath
01/17/18
Exchange-Traded Note
0.45%
$7.20M
$12.83K
0.78%

JJP Portfolio Data

Futures
Extended Term
Annually
0

JJP Index Data

Multi-Factor
Fixed
N/A

JJP Portfolio Management

0.45%
-0.55%
-0.47%
-1.65%

JJP Tax Exposures

20.00% / 39.60%
--
No

JJP Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

JJP Factset Analytics Block Liquidity

As of 08/10/20
5
4
3
2
1

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

JJP Tradability

243
$12.83K
167
$10.54K
0.78%
$0.47
-0.03%
1.99% / -1.48%
None
100.00%
50,000
0.00
--
--
0
$72.82
5

JJP Sector Breakdown


JJP
Segment Benchmark
100.00%
100.00%

JJP Tenor Strategy

JJP 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.

JJP Rolling Strategy

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

JJP Performance Statistics

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0.00%