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. JJA tracks an index of the futures contracts on agricultural commodities. The note`s target contracts include corn, soybeans, sugar, wheat, soybean oil, soybean meal, coffee, cotton. Interestingly, the index eliminated cocoa futures from its basket in 2005. The methodology weights the contracts by liquidity (2/3) and US dollar-weighted production (1/3). Each commodity contract has a roll schedule that is set by the index provider, Bloomberg, and varies in length from one to five months to maturity. JJA charges one of the higher fees for the segment. Investors avoid a K-1 at tax time due to the ETN wrapper, but also accept some (minimal) counterparty risk from issuer Barclays.