JJU

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

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 new contracts every other month. The methodology weights the contracts by liquidity (2/3) and US dollar-weighted production (1/3). Contracts are tracked starting two months from maturity and held until shortly before expiration, which differs from a front-month strategy. Investors avoid a K-1 at tax time due to the ETN wrapper, but also accept some counterparty risk from the issuer, Barclays. JJU replaced an older ETN with the same ticker. The newer, series B note tracks the same index and avoids path dependency issues that. It also includes a call provision. The new version traded under the ticker JJUB until Nov. 16, 2018.

PERFORMANCE [as of 10/18/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JJU 6.09% 23.63% 53.02% 61.37% 11.01% -- --
JJU (NAV) 9.57% 27.01% 56.74% 64.83% 12.22% 30.28% --
Bloomberg Aluminum Subindex Total Return 9.61% 27.16% 57.30% 65.58% 12.73% 12.06% -0.27%
S&P GSCI Aluminum Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JJU Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$12.25M
$155.64K
1.16%
N/A

JJU Portfolio Data

Futures
Front Month
Annually
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JJU Index Data

Single Asset
Single Asset
S&P GSCI Aluminum Index

JJU Portfolio Management

0.45%
-0.64%
-0.44%
-0.75%

JJU Tax Exposures

20.00% / 39.60%
--
No

JJU Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None

JJU Factset Analytics Block Liquidity

As of 10/19/21
5
4
3
2
1

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 Tradability

2,582
$155.64K
1,325
$81.46K
1.16%
$0.69
0.08%
2.70% / -2.74%
None
100.00%
50,000
0.03
0.10%
--
13
$66.58
5

JJU Sector Breakdown


JJU
Segment Benchmark
100.00%
100.00%

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.

JJU Performance Statistics

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0.00%