PPLN

J.P. Morgan Cushing 30 MLP Index ETN
N/A

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*Unless otherwise stated, data provided by FactSet.

PPLN Fund Description

PPLN tracks an equal-weighted index of 30 North American energy midstream MLPs.

PPLN Factset Analytics Insight

PPLN tracks an equal-weighted index of MLPs that has just 30 holdings. As an ETN, shares of the note do not represent beneficial ownership in actual MLPs, but are backed instead by JPMorgan’s promise to pay. To mimic the index, the ETN makes quarterly coupon payments in place of the distributions from the MLPs in the index. These are taxed as ordinary income, so investors looking for tax deferral should look at the MLP C-Corporation ETFs. The underlying index's equal-weighting strategy minimizes concentration and gives the index a small- and midcap bias relative to our benchmark. Although the note tracks an underlying index, the daily price is actually determined by the volume-weighted average prices of the components of the index. The note is reasonably priced in context.PPLN tracks the same index as a now defunct note, MLPN—the Credit Suisse X-Links Cushing MLP Infrastructure ETN. MLPN was called in November 2016 despite holding significant investor assets, likely an effort by Credit Suisse to limit its ETN liabilities. JPMorgan reserves the right to call PPLN on any business day after December 15, 2017 at their discretion.

PPLN CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PPLN -4.59% -13.03% -14.82% -14.60% -- -- --
PPLN (NAV) -1.49% -10.67% -10.15% -9.66% -- -- --
Cushing 30 MLP -- -- -- -- -- -- --
Alerian MLP -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PPLN Top 10 Countries

PPLN Top 10 Holdings

This chart is unavailable

PPLN Summary Data

JPMorgan
06/12/17
Exchange-Traded Note
0.95%
$5.13M
$15.09K
1.04%

PPLN Portfolio Data

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7.80%
01/28/19
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PPLN Index Data

Cushing 30 MLP
Equal
Fundamental
Alerian MLP

PPLN Portfolio Management

0.95%
-1.07%
0.72%
-2.85%

PPLN Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PPLN Fund Structure

Exchange-Traded Note
No
N/A
N/A / N/A
JPMorgan Chase & Co
Low
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PPLN Factset Analytics Block Liquidity

As of 12/18/18
5
4
3
2
1

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

PPLN Tradability

805
$15.09K
100
$1.75K
1.04%
$0.18
-0.06%
4.48% / -7.70%
None
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50,000
0.00
0.12%
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$16.76
N/A

PPLN Countries


PPLN
Segment Benchmark
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100.00%

PPLN Regions


PPLN
Segment Benchmark
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100.00%

PPLN Economic Development


PPLN
Segment Benchmark
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100.00%

PPLN Performance Statistics

0.91
0.93
0.90
0.96
0.41%
Alerian MLP

PPLN BENCHMARK COMPARISON HOLDINGS

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PPLN BENCHMARK COMPARISON SUMMARY


PPLN
Segment Benchmark
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PPLN BENCHMARK COMPARISON MARKET CAP SIZE


PPLN
Segment Benchmark
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