This ETN was delisted after the 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. JO is just about the only practical choice for getting exposure to coffee prices in an ETP wrapper. The note tracks a single coffee futures contract at a time, purchased two or three months out and held until the month of maturity. The note tracks every other contract from February through July, but switches to every third contract during the fall and winter months. Although this methodology does not perfectly imitate our segment benchmarkwhich uses front month contracts year-roundJO still serves as a decent proxy for spot coffee prices. JO enjoys strong liquidity, trading in steady volumes with manageable spreads, and it can be traded at a reasonable price in blocks. JO charges a somewhat steep fee, but its tracking is decent, keeping holding costs down.