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 with varying maturities.

JO Factset Analytics Insight

JO is just about the only practical choice for getting exposure to coffee prices in an ETP wrapper. The note 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. Although this methodology does not perfectly imitate our segment benchmark—which uses front month contracts year-round—JO still serves as a decent proxy for spot coffee prices. JO enjoys strong liquidity, trading in steady volume with manageable spreads, and it can be traded at a reasonable price in blocks. JO charges a reasonable fee. JO 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 BJO until November 16, 2018.

JO Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/06/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JO 11.50% 24.52% 6.89% 1.86% -- -- --
JO (NAV) 12.15% 25.08% 7.39% 3.37% -- -- --
Bloomberg Coffee Subindex Total Return 12.19% 25.22% 7.83% 3.83% -13.70% -16.09% --
S&P GSCI Coffee Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JO Summary Data

iPath
01/17/18
Exchange-Traded Note
0.45%
$68.27M
$2.34M
0.19%

JO Portfolio Data

Futures
Extended Term
Annually
0

JO Index Data

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

JO Portfolio Management

0.45%
-0.35%
-0.29%
-0.47%

JO Tax Exposures

20.00% / 39.60%
--
No

JO Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Low
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

JO Factset Analytics Block Liquidity

As of 12/09/19
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

68,739
$2.34M
65,522
$2.33M
0.19%
$0.07
0.02%
1.12% / -1.43%
None
100.00%
50,000
1.31
0.00%
--
9,319
$40.26
5

JO Sector Breakdown


JO
Segment Benchmark
100.00%
100.00%

JO Tenor Strategy

N/A

JO Rolling Strategy

N/A

JO Performance Statistics

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--
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0.00%