MJJMicroSectors Cannabis Index ETN
MJJ Fund Description
MJJ is an ETN that tracks a market cap-selected and weighted index of North American cannabis equities.
MJJ Factset Analytics Insight
MJJ tracks a market-cap weighted index of US and Canadian companies that provide products or services related to the medical or industrial use of cannabis or cannabis derivatives. Eligible securities include both pure play companies — min. 50% and quasi play — less than 50% of revenues derived from legal cannabis activities which include these subthemes: ancillary, testing and analytics, cultivators, industrial hemp, and pharmaceuticals. MJJ imposes a single security cap of 9.9%, with the excess weight being distributed equally on the basis of the six month ADTV across all uncapped components in the index. The index is reconstituted annually and rebalanced monthly. Given the industry and a relatively small number of constituents, investors should anticipate higher volatility in MJJ. It is the first of two cannabis ETNs to launch in the US.
MJJ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
MJJ Summary Data
MJJ Portfolio Data
MJJ Index Data
MJJ Portfolio Management
MJJ Tax Exposures
MJJ Fund Structure
MJJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MJJ. MJJ is rated a N/A out of 5.
MJJ Performance Statistics
MJJ Benchmark Comparison Summary
MJJ Benchmark Comparison Market Cap Size