RJNElements Rogers International Commodity Index-Energy TR ETN
RJN Fund Description
RJN tracks a consumption-based index of energy commodities chosen by the RICI committee. It gains exposure using front-month futures contracts.
RJN Factset Analytics Insight
RJN represents the value of a basket of 6 energy futures contracts for commodities consumed in the global economy. This includes contracts on Crude Oil, Brent Oil, Natural Gas, BOB Gasoline, Heating Oil, and Gas Oil. The note’s index uses the standard front-month rolling method, where expiring contracts are rolled into the next-nearest month. Individual components in the index are selected on the basis of volume and liquidity data as monitored and considered by the RICI committee. Weighting is based on their respective underlying worldwide consumption, rather than production. Structured as an ETN, RJN avoids K-1 distributions, but carries the counterparty risk of its issuer.
RJN Summary Data
RJN Portfolio Data
RJN Index Data
RJN Portfolio Management
RJN Tax Exposures
RJN Fund Structure
RJN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RJN. RJN is rated a 5 out of 5.
RJN Sector Breakdown
RJN Tenor Strategy
RJN invests solely in front-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.
RJN Rolling Strategy
RJN rolls its underlying contracts over a 15 day period during the month preceeding a given contract's expiration