About MJ®
MJ® tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.
- The first U.S. ETF to target the global cannabis industry.
- There are many other significant applications for cannabis and THC-based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management.
- The global cannabis market is expected to grow at a CAGR of around 26.7% and reach $70.6 billion by 2028.6
Legality of Cannabis
The above map is intended to show countries that have passed legislation to legalize the use of either recreational or medicinal marijuana. Prospective investors should understand the possession and use of marijuana, even for medical purposes, is still illegal under U.S. federal law. Even in those states in which the use of marijuana has been legalized, its possession and use remains a violation of federal law. The Fund does not invest in any U.S. or foreign company whose business activities are illegal under any applicable federal or state law.
Source: https://cannabislegality.com/
Prime Indexes
Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Prime Indexes are used as the basis for innovative new investment solutions for investors and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient access.
For more information, visit www.primeindexes.com.
Jason Wilson – ETFMG Cannabis Research and Banking Expert
With over 15 years of experience in the asset management, finance and structured product space, Jason has a track record of bringing hard-to-access asset classes to market.
Jason has held leadership and senior positions at several leading financial institutions. Most recently, Jason was Senior Vice President at INFOR Financial Inc. INFOR is a leading boutique investment bank based in Toronto, Canada that has worked in connection with a number of companies in the legal cannabis industry, including acting as advisor to Canopy Growth Corporation in connection with entering into its strategic relationship with Constellation Brands.
Jason has also worked at the investment banking divisions of Société Générale, France’s third largest bank, and at CIBC, one of the five largest banks in Canada. While at Société Générale and CIBC, Jason provided asset managers and financial institutions with various capital raising, financing and risk mitigation solutions and strategies.
Jason has an LLB from the University of Western Ontario. Prior to completing his university studies, Jason was a member of the Canadian Forces and is a recipient of the Gulf of Kuwait Medal, awarded for his engagement in direct combat during the Gulf War in 1991.
Research
Fund Summary
Income Data
as of 9/30/2023 3
Fund Documents
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Fund Prices
Last Updated 9/30/2023
Fund Name
ETFMG Alternative Harvest ETF
NAV
3.64
Nav Price Change
-0.03
Median Bid/Ask Spread (30 Day) (%)
0.26
Symbol
MJ
Market Price Close
3.65
Market Price Changes
-0.05
Premium/Discount (%)
0.39
Month End Performance
|
Last Updated 08/31/2023 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | 7.67 | 6.67 |
| 3 Months | 18.54 | 18.13 |
| 6 Months | -12.46 | -12.42 |
| YTD | -16.03 | -16.53 |
| Since Inception Cumulative | -79.43 | -80.37 |
| Annual | ||
| 1 Year | -37.71 | -38.08 |
| 3 Year | -32.59 | -32.85 |
| 5 Year | -33.90 | -34.06 |
| Since Inception Annualized | -18.47 | -18.96 |
Quarter End Performance
|
Last Updated 06/30/2023 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | -0.85 | 0.34 |
| 3 Months | -14.28 | -14.20 |
| 6 Months | -29.77 | -29.10 |
| YTD | -29.77 | -29.10 |
| Since Inception Cumulative | -82.79 | -83.33 |
| Annual | ||
| 1 Year | -47.19 | -46.68 |
| 3 Year | -36.88 | -36.77 |
| 5 Year | -34.63 | -34.49 |
| Since Inception Annualized | -20.73 | -21.06 |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).
Top 10 Holdings
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
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Fund Summary
Income Data
as of 9/30/2023 3
