MJ ETFMG Alternative Harvest ETF
What is MJ?
MJ tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system.
MJ Factset Analytics Insight
MJ is the first cannabis-focused ETF to trade in the US. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing or distribution of cannabis products for either medical or nonmedical purposes. The index identifies companies that legally derive more than half their revenue from cannabis-related activities. MJ also holds stocks of companies that trade or produce tobacco products, fertilizers, plant foods, pesticides, equipment for cannabis or tobacco. Weightings are determined through a proprietary methodology, either by market cap or equally, depending on company engagement to cannabis. The fund does not directly invest in swaps but may hold ETFs utilizing swaps to gain exposure to similar securities. The index is reconstituted and rebalanced quarterly. Prior to Dec. 26, 2017, the fund was called the Tierra XP Latin America Real Estate ETF and tracked an index focused on Latin America real estate companies with the ticker LARE. Before Feb. 9, 2018, the fund traded under the ticker MJX.
MJ Summary Data
MJ Portfolio Data
MJ Index Data
MJ Portfolio Management
MJ Tax Exposures
MJ Fund Structure
MJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MJ. MJ is rated a 2 out of 5.
MJ Sector/Industry Breakdown
MJ Top 10 Holdings[View All]
MJ Economic Development
MJ Performance Statistics
MJ Benchmark Comparison Summary
MJ Benchmark Comparison Market Cap Size