ETF Evaluator:
Alerian MLP Index ETN ()
Follow This ETF
(as of Aug 26)
Best Performing in Energy Limited Partnership Over the Last Year
| 31.2% | Invesco SteelPath MLP & Enrgy Infras ETF (PIPE) |
| 30.1% | VanEck Energy Income ETF (EINC) |
| 29.1% | Barclays ETN+ Select MLP (ATMP) |
| 28.7% | Alerian Energy Infrastructure ETF (ENFR) |
| 28.0% | USCF Midstream Energy Income ETF (UMI) |
Risk
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Risk
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ETF Details
Alerian MLP Index ETN Overview
Alerian MLP Index ETN (AMJB) is a passively managed Sector Equity Energy Limited Partnership exchange-traded fund (ETF). JPMorgan launched the ETF in 2024.
The investment seeks return on the notes is linked to the performance of the Alerian MLP Index®.
The index measures the composite performance of MLPs that earn the majority of their cash flows from qualified activities involving energy commodities, which are referred to as index components, using a capped, float-adjusted, capitalization-weighted methodology. Qualified activities include compression, gathering and processing, liquefaction, marketing, pipeline transportation, rail terminating and storage of energy commodities.
About Alerian MLP Index ETN (AMJB)
There are 1 members of the management team with an average tenure of 2.48 years: No Manager (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Alerian MLP TR USD index with a weighting of 100%. Alerian MLP Index ETN has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Alerian MLP Index ETN is part of the Equity global asset class and is within the Sector Equity ETF group. Alerian MLP Index ETN has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Alerian MLP Index ETN has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $865 million in total assets, which is below the $1 billion average for the Energy Limited Partnership category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AMJB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Alerian MLP Index ETN expense ratio is high compared to funds in the Energy Limited Partnership category. Alerian MLP Index ETN has an expense ratio of 0.85%, which is 11% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Alerian MLP Index ETN has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 21% for the Energy Limited Partnership category.
Recently, in the month of July 2026, Alerian MLP Index ETN returned 8.0%, which earned it a grade of A, as the Energy Limited Partnership category had an average return of 4.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Alerian MLP Index ETN has a trailing yield of 5.38%, which is above the 5.06% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Alerian MLP Index ETN Grades
Year to date, the ETF has returned 28.2%, 3.1 percentage points better than the category, which translates into a grade of B. The fund has returned 27.2% over the past year (grade of B).
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AMJB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AMJB Return (NAV) | 8.0% | 4.6% | 27.2% | na | na | na |
| AMJB Return (Price) | 8.0% | 4.6% | 27.2% | na | na | na |
| NAV +/- Price Return | 0.000% | 0.000% | 0.000% | na | na | na |
| Energy Limited Partnership Avg | 4.4% | 2.2% | 24.7% | 23.2% | 21.3% | 9.5% |
| AMJB Grade (NAV) | A | A | B | na | na | na |
| +/- Category (NAV) | 3.5% | 2.3% | 2.5% | na | na | na |
| AMJB Tax-Cost Ratio | na | na | 2.5% | na | na | na |
AMJB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AMJB Return (NAV) | 28.2% | 7.9% | na | na | na | na | na | na | na | na | na |
| AMJB Return (Price) | 28.2% | 7.9% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | 0.000% | na | na | na | na | na | na | na | na | na |
| Energy Limited Partnership Avg | 25.0% | 6.0% | 34.2% | 17.3% | 23.5% | 38.2% | -26.5% | 13.9% | -14.9% | -4.6% | 27.4% |
| AMJB Grade (NAV) | B | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 3.1% | 1.9% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 5.4% |
| Total Assets: | $ 865 Mil |
| Share Class Assets: | $ 865 Mil |
| Turnover: | na |
| Expense Ratio: | 0.85% |
| Index Fund: | Yes |
| Index Tracked: | Alerian MLP TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Manager No (2024) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | JPMorgan |
| Phone Number: | 800-576-3529 |
| Website: | www.jpmorganchase.com |
| Inception Date: | January 26, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.76% |
