Key stats
About ETFMG Alternative Harvest ETF
Home page
Inception date
Dec 3, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Amplify Investments LLC
Distributor
Foreside Fund Services LLC
MJ is the first cannabis-focused ETF to trade in the US. The fund tracks an index of stocks across the globe engaged in the legal cultivation, production, marketing or distribution of cannabis products and those that derive more than half of their revenue from cannabis-related activities. MJ also holds companies that trade or produce tobacco products, fertilizers, plant foods, pesticides, and equipment for cannabis or tobacco. Weighting is based on a proprietary methodology, either by market cap or equally, depending on company engagement to cannabis. The fund does not directly invest in swaps but may hold ETFs utilizing swaps to gain similar exposure. The index is reconstituted and rebalanced quarterly. Before Dec. 26, 2017, the fund was called Tierra XP Latin America Real Estate ETF (Ticker: LARE) that tracked a Latin America real estate index. Prior to Feb. 9, 2018, the fund traded under the ticker MJX. Before Jan. 29, 2023, the fund was named ETFMG Alternative Harvest ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Process Industries
Health Technology
ETF
Miscellaneous
Stocks43.41%
Process Industries26.53%
Health Technology10.09%
Retail Trade3.80%
Miscellaneous2.99%
Bonds, Cash & Other56.59%
ETF44.46%
Miscellaneous11.72%
Mutual fund0.33%
Cash0.08%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MJ invests in funds. The fund's major sectors are ETF, with 44.46% stocks, and Mutual fund, with 0.33% of the basket. The assets are mostly located in the North America region.
MJ last dividends amounted to 0.29 USD. The year before, the issuer paid 0.71 USD in dividends, which shows a 146.33% decrease.
MJ assets under management is 111.47 M USD. It's fallen 8.27% over the last month.
MJ fund flows account for −500.89 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MJ pays dividends to its holders with the dividend yield of 0.87%. The last dividend (Dec 31, 2024) amounted to 0.02 USD. The dividends are paid annually.
MJ shares are issued by Amplify Holding Co. LLC under the brand Amplify. The ETF was launched on Dec 3, 2015, and its management style is Passive.
MJ expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
MJ follows the Prime Alternative Harvest Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MJ invests in funds.
MJ price has fallen by −6.87% over the last month, and its yearly performance shows a −57.36% decrease. See more dynamics on MJ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.59% over the last month, showed a −16.92% decrease in three-month performance and has decreased by −53.54% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.59% over the last month, showed a −16.92% decrease in three-month performance and has decreased by −53.54% in a year.
MJ trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.