- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Oct 30, 2006
- Business
- iPath Bloomberg Commodity Index Total Return(SM) ETN (DJP) is an exchange-traded note issued by Barclays Bank PLC that provides investors with exposure to the Bloomberg Commodity Index Total Return through a cash payment at maturity or early redemption, reflecting the index performance less the investor fee. The underlying index tracks a diversified basket of commodity futures contracts across energy (including crude oil WTI and Brent, unleaded gasoline, heating oil, natural gas), precious metals (gold, silver), industrial metals (aluminum, copper, nickel, zinc), agriculture (corn, soybeans, soybean meal, soybean oil, wheat, coffee, cotton, sugar), and livestock (lean hogs, live cattle); the portfolio is designed to avoid overweighting energy commodities and is rebalanced annually with weights fluctuating based on market prices in between. The ETN matures on June 12, 2036, carries a net expense ratio of 0.70%, and is listed on NYSE Arca with total net assets around $669 million.
Launched on June 6, 2006, and domiciled in the United States with issuer headquarters in London, United Kingdom, DJP targets institutional and retail investors seeking broad unleveraged commodity market exposure without physical ownership or futures trading complexities.
In recent developments, Barclays announced 2025 target weights for the Bloomberg Commodity Index on October 30, 2024, increasing allocations to grains, softs, and livestock while reducing energy, precious metals (including gold for the third year), and industrial metals to 15.1%; this annual rebalancing directly impacts DJP's performance. While Barclays redeemed multiple other iPath ETNs in 2025 (such as four series on June 25, 2025, covering livestock, copper, grains, and platinum) following tender offers and indenture amendments, DJP was not among those redeemed and continues trading actively. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to DJP were reported in the last 1-2 years.