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 its production-weighted, gold-heavy benchmark. JJP will not perfectly follow the spot price of gold and silver because it tracks futures prices. As an ETN, JJP is subject to the counterparty risk of its issuer, Barclays. This note 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 avoids path dependency issues. It also includes a call provision. The new version traded under the ticker JJPB until November 16, 2018.

PERFORMANCE [as of 06/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JJP -5.96% 1.31% -6.17% 6.17% 10.79% -- --
JJP (NAV) -5.09% 3.07% -5.46% 5.45% 10.79% 1.65% --
Bloomberg Precious Metals Subindex Total Return -5.05% 3.19% -5.25% 5.92% 11.29% 5.99% -0.51%
S&P GSCI Precious Metals Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JJP Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$6.36M
$6.48K
0.77%

JJP Portfolio Data

Futures
Extended Term
Annually
0

JJP Index Data

Multi-Factor
Fixed
S&P GSCI Precious Metals Index

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

JJP Factset Analytics Block Liquidity

As of 06/24/21
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

134
$6.48K
67
0
0.77%
$0.51
0.02%
1.33% / -1.54%
None
100.00%
50,000
0.00
--
--
0
$64.26
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

--
--
--
--
0.00%