JJTiPath Series B Bloomberg Tin Subindex Total Return ETN
JJT Fund Description
JJT tracks a single, front-month, tin futures contract.
JJT Factset Analytics Insight
JJT tracks an index that provides exposure to tin by rolling into every other contract. The futures contracts are selected with about two months of remaining maturity and held shortly until before expiration. The contract included is the Refined Tin contract traded on the LME. The note tracks futures, thus, it will not perfectly follow the spot price of tin, but it's the closest you can get in an exchange-traded wrapper. The note is an unsecured liability of the issuer, Barclays. JJT 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 JJTB until Nov. 16, 2018.
JJT Portfolio Management
JJT Tax Exposures
JJT Fund Structure
JJT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JJT. JJT is rated a 5 out of 5.
JJT Tenor Strategy
JJT 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.
JJT Rolling Strategy
JJT rolls contracts over an annually pre-determined 5 day period each month.