JJSiPath Series B Bloomberg Softs Subindex Total Return ETN
JJS Fund Description
JJS tracks an index of soft commodity futures contracts with varying maturities.
JJS Factset Analytics Insight
JJS tracks an index of futures on agricultural softs: cotton, sugar, and coffee. The three commodities weighted by a combination of liquidity (2/3) and US dollar-weighted production (1/3). Contracts are tracked starting two to five months from maturity, depending on the commodity and the time of year, according to a fixed schedule. In any case, each contract is held until shortly before expiration. JJSs index dropped exposure to cocoa in 2005. The note is an unsecured liability of the issuer, Barclays. JJS replaced an older ETN with the same ticker. The newer, series B note tracks the same index 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 JJSB until November 16, 2018.
JJS Portfolio Management
JJS Tax Exposures
JJS Fund Structure
JJS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JJS. JJS is rated a 5 out of 5.
JJS Sector Breakdown
JJS Tenor Strategy
JJS 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.
JJS Rolling Strategy
JJS rolls contracts over an annually pre-determined 5 day period each month.