About Barclays Bank PLC
This ETN was delisted after the market close on April 12, 2018, and now trades over-the-counter on the pink sheets. As a result, shareholders should anticipate ultra-wide spreads, minimal trading volumes, and prices well above or below NAVs. The note has been replaced by JJGB, which provides identical exposure. JJG tracks an index of futures on three grains: corn, soybeans, and wheat. The contracts can vary in maturity, from one to five months, at any given time. While the note tracks the same three grains as our segment benchmark, it weights them differentlythe benchmark is production-weighted, while JJG is weighted by both production and liquidity. For an arguably unpopular segment, JJG has a large asset base and trades well, so investors will benefit when it comes to trading costs. Additionally, the note charges a reasonable fee relative to its peers. As an ETN, JJG does not issue a K-1 form at tax time, but investors will be exposed to the counterparty risk of issuer Barclays.
