JJUiPath Series B Bloomberg Aluminum Subindex Total Return ETN
JJU Fund Description
JJU tracks an index consisting of a single futures contract on aluminum, rolled every other month.
JJU Factset Analytics Insight
JJU tracks an index of aluminum futures that rolls into every other contract. Contracts are tracked starting two months from maturity and held until shortly before expiration. That differs from our segment benchmark, which follows a front-month strategy. JJU charges a reasonable fee despite being the only ETP tracking aluminum futures. JJU is an unsecured liability of the issuer, Barclays. JJU 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 JJUB until November 16, 2018.
JJU Portfolio Management
JJU Tax Exposures
JJU Fund Structure
JJU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JJU. JJU is rated a 5 out of 5.
JJU Sector Breakdown
JJU Tenor Strategy
JJU 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.
JJU Rolling Strategy
JJU rolls contracts over an annually pre-determined 5 day period each month.