Symbols

AMJB

Alerian MLP Index ETN·ARCA

--(--)

Key Stats

Assets Under Management

772.34MUSD

Fund Flows (1Y)

-124.37MUSD

Dividend Yield

5.88%

Discount/Premium to NAV

Shares Outstanding

Expense Ratio

0.85%

About Alerian MLP Index ETN

Issuer

J.P. Morgan Investment Management Inc.

Brand

JPMorgan

Home Page

https://www.jpmorganetns.com/etn/detail/Alerian-MLP-ETN.html

Inception Date

Jan 26, 2024

Structure

Exchange-Traded Note

Index Tracked

Alerian MLP Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

40.00%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Distributor

JPMorgan Chase Bank (Sydney Branch)

AMJB offers investors the opportunity to exchange their existing notes (AJM-US, maturing on May 24, 2024) for this ETN, comprising new notes set to mature on January 28, 2044. While both the old and new notes offer a return linked to the same index, as measured by its VWAP level, and cash distributions on its components, the new notes are subject to the issuers right of redemption at its sole discretion. The notes track a market cap-weighted index, consisting of 50 MLPs chosen based on distributions, with their primary revenue centered on midstream energy activities. Qualified midstream activities include gathering & processing, liquefaction, pipeline transportation, rail terminaling, storage, compression, and marketing. Note that holders of the note do not imply any ownership stake. JPMorgan Chase & Co. provides complete and unconditional assurance for any payments. Distributions will be taxed as ordinary income.