JO

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

JO Fund Description

JO tracks an index that holds a single coffee futures contract, rolled according to a fixed schedule.

JO Factset Analytics Insight

JO tracks a single coffee futures contract at a time, purchased two or three months out and held until the month of maturity. The note tracks every other contract from February through July, but switches to every third contract during the fall and winter months. This method differentiates the note from its benchmark, which holds the front-month futures contracts year-round. Still, JO serves as a viable option for getting exposure to coffee prices via futures. Structured as an ETN, JO carries the counterparty risk of its issuer. Note: JO 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 BJO until November 16, 2018.

PERFORMANCE [as of 07/27/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JO 31.88% 42.48% 56.35% 75.17% 11.30% -- --
JO (NAV) 27.81% 36.32% 50.11% 66.47% 9.75% 21.69% --
Bloomberg Coffee Subindex Total Return 27.86% 36.47% 50.50% 67.22% 10.24% -2.64% -10.63%
S&P GSCI Coffee Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JO Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$103.89M
$3.44M
0.25%

JO Portfolio Data

Futures
Extended Term
Annually
--

JO Index Data

Bloomberg Coffee Subindex Total Return
Single Asset
Single Asset
S&P GSCI Coffee Index

JO Portfolio Management

0.45%
-0.48%
-0.36%
-0.79%

JO Tax Exposures

20.00% / 39.60%
--
No

JO Fund Structure

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

JO Factset Analytics Block Liquidity

As of 07/28/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of JO. JO is rated a 5 out of 5.

JO Tradability

74,352
$3.44M
65,559
$2.90M
0.25%
$0.11
-0.02%
1.10% / -1.53%
None
100.00%
50,000
1.31
0.10%
--
9,165
$56.63
5

JO Sector Breakdown


JO
Segment Benchmark
100.00%
100.00%

JO Tenor Strategy

JO 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.

JO Rolling Strategy

JO rolls contracts over an annually pre-determined 5 day period each month.

JO Performance Statistics

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--
--
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0.00%