NOTE
JPMorgan Equity Premium Income ETF (JEPI) has a similar investment strategy to JPMorgan Equity Premium Income Fund. Despite any similarities, these funds have important differences that investors should consider carefully before investing. To understand these differences and decide which fund is best suited for you, review the prospectuses and consult your investment professional.
NAV
As of 03/21/2025
$57.10
Change$-0.15
YTD
As of 03/21/2025
at NAV0.40%
30 DAY SEC YIELD
As of 02/28/2025
7.19%
Unsub.7.19%
EXPENSES
Gross0.35%
Net0.35%
NOTE
JPMorgan Equity Premium Income ETF (JEPI) has a similar investment strategy to JPMorgan Equity Premium Income Fund. Despite any similarities, these funds have important differences that investors should consider carefully before investing. To understand these differences and decide which fund is best suited for you, review the prospectuses and consult your investment professional.
Fund Facts
TickerJEPI
CUSIP46641Q332
Asset ClassU.S. Equity
Fund Inception Date05/20/2020
ExchangeNYSE-Arca
ESG Approach Integrated
Fund Stats
Closing Price
As of 03/21/2025$57.11
As of 03/21/2025$57.11
Change in Closing Price ($)
As of 03/21/2025$-0.18
As of 03/21/2025$-0.18
Change in Closing Price (%)
As of 03/21/2025-0.28%
As of 03/21/2025-0.28%
Median Bid/Ask Spread
As of 03/21/20250.12%
As of 03/21/20250.12%
Market Price Returns
As of 03/21/20250.38%
As of 03/21/20250.38%
Daily High
As of 03/21/2025$57.18
As of 03/21/2025$57.18
Daily Low
As of 03/21/2025$56.72
As of 03/21/2025$56.72
Fund Assets
As of 03/21/2025$39.22bn
As of 03/21/2025$39.22bn
Exchange Volume
As of 03/21/20253023870
As of 03/21/20253023870
Number of Holdings
As of 03/21/2025132
As of 03/21/2025132
30 Day SEC Yield
As of 02/28/20257.19%
As of 02/28/20257.19%
30 Day SEC Yield Unsubsidized
As of 02/28/20257.19%
As of 02/28/20257.19%
12-Month Rolling Dividend Yield
As of 03/21/20257.39%
As of 03/21/20257.39%
Dividend Yield
As of 02/28/20257.15%
As of 02/28/20257.15%
Daily - 30 Day SEC Yield
As of 03/20/20257.94%
As of 03/20/20257.94%
Daily - 30 Day SEC Yield Unsubsidized
As of 03/20/20257.94%
As of 03/20/20257.94%
Seeking consistent premium income with lower volatility.
JPMorgan Equity Premium Income ETF seeks to deliver monthly distributable income and equity market exposure with less volatility.
EXPERTISE
- Portfolio managers with over 60 years of combined experience investing in equities and equity derivatives.
PORTFOLIO
- Defensive equity portfolio employs a time-tested, bottom-up fundamental research process with stock selection based on our proprietary risk-adjusted stock rankings.
- Disciplined options overlay implements written out-of-the-money S&P 500 Index call options that seek to generate distributable monthly income.
RESULTS
- Provided an attractive 12-month rolling dividend yield of 7.34% and 30-day SEC yield of 7.08%.
- Competitively priced vs. peers at 0.35%.
Chart source: BAML, Barclays, Bloomberg, FactSet, Federal Reserve, FTSE, J.P. Morgan, MSCI, N
Portfolio Managers
Portfolio Manager
38 years
In the industry
16 years
With J.P. Morgan
4 years
Managing this fund
Portfolio Manager
34 years
In the industry
34 years
With J.P. Morgan
4 years
Managing this fund
Portfolio Manager
10 years
In the industry
10 years
With J.P. Morgan
Less than one year
Managing this fund
Portfolio Manager
10 years
In the industry
10 years
With J.P. Morgan
Less than one year
Managing this fund
Morningstar Ratings: Derivative Income
As of date-format
Analyst Rating Overall Morningstar RatingTM for a fund is derived from a weighted average of the performanc
Fund Facts
TickerJEPI
CUSIP46641Q332
Asset ClassU.S. Equity
Fund Inception Date05/20/2020
ExchangeNYSE-Arca
ESG Approach Integrated
Fund Stats
Closing Price
As of 03/21/2025$57.11
As of 03/21/2025$57.11
Change in Closing Price ($)
As of 03/21/2025$-0.18
As of 03/21/2025$-0.18
Change in Closing Price (%)
As of 03/21/2025-0.28%
As of 03/21/2025-0.28%
Median Bid/Ask Spread
As of 03/21/20250.12%
As of 03/21/20250.12%
Market Price Returns
As of 03/21/20250.38%
As of 03/21/20250.38%
Daily High
As of 03/21/2025$57.18
As of 03/21/2025$57.18
Daily Low
As of 03/21/2025$56.72
As of 03/21/2025$56.72
Fund Assets
As of 03/21/2025$39.22bn
As of 03/21/2025$39.22bn
Exchange Volume
As of 03/21/20253023870
As of 03/21/20253023870
Number of Holdings
As of 03/21/2025132
As of 03/21/2025132
30 Day SEC Yield
As of 02/28/20257.19%
As of 02/28/20257.19%
30 Day SEC Yield Unsubsidized
As of 02/28/20257.19%
As of 02/28/20257.19%
12-Month Rolling Dividend Yield
As of 03/21/20257.39%
As of 03/21/20257.39%
Dividend Yield
As of 02/28/20257.15%
As of 02/28/20257.15%
Daily - 30 Day SEC Yield
As of 03/20/20257.94%
As of 03/20/20257.94%
Daily - 30 Day SEC Yield Unsubsidized
As of 03/20/20257.94%
As of 03/20/20257.94%
Performance
Monthly
As of 02/28/2025
Cumulative
As of 02/28/2025
Performance - MONTHLY
| 1 MONTH | 3 MONTHS | YTD | 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | 15 YEARS | SINCE INCEPTION* | |
|---|---|---|---|---|---|---|---|---|---|
| At NAV | 1.36% | -0.33% | 3.88% | 12.20% | 9.19% | - | - | - | 12.86% |
| Market Price Returns | 1.31% | -0.46% | 3.84% | 12.22% | 9.12% | - | - | - | 12.86% |
| S&P 500 Index | -1.30% | -0.97% | 1.44% | 18.41% | 12.55% | - | - | - | 17.44% |
| ICE BofA 3-Month US Treasury Bill Index | 0.32% | 1.09% | 0.69% | 5.09% | 4.14% | - | - | - | 2.61% |
Performance - CUMULATIVE
| 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | 15 YEARS | SINCE INCEPTION* | |
|---|---|---|---|---|---|---|
| At NAV | 12.20% | 30.18% | - | - | - | 78.27% |
| Market Price Returns | 12.22% | 29.93% | - | - | - | 78.23% |
The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-844-4JPM-ETF.
*Fund performance inception: 5/20/2020
A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in an index.
Fees
Gross Expenses
0.35%
Net Expenses
0.35%
Dividend Schedule
Capital Gains Schedule
Topline
As of 2024/12/31
Benchmark S&P 500 Total Return Index
Markets The S&P 500 Index returned +2.41% in the fourth quarter of 2024. Consumer discretionary and communication services were the best-performing sectors, returning +14.25% and +8.87%, respectively. Materials and health care were the worst-performing, returning -12.44% and -10.30%, respectively.
Hurt The consumer discretionary and information technology sectors weighed the most on performance.
Outlook We continue to focus on fundamentals of the economy and company earnings. Our analysts’ estimates for S&P 500 Index earnings project +14% for 2025 and +14% for 2026. While subject to revision, this forecast includes our best analysis of earnings expectations.
Quarterly
As of 2024/12/31
- The JPMorgan Equity Premium Income ETF underperformed the benchmark, the S&P 500 Index, for the quarter ended December 31, 2024.
- An underweight in Tesla (portfolio weighting 0.00%) detracted from results during the quarter. The company reported solid earnings with improvements in gross margins and profitability, driven by cost reductions and increased production efficiency. Notably, Tesla achieved profitability in its Cybertruck segment and announced plans for a new affordable model. The company's push for national regulation of unsupervised full self-driving vehicles and the impact of the 2024 U.S. presidential election on regulatory prospects further influenced the stock performance.
- An overweight in Regeneron Pharmaceuticals (portfolio weighting 0.97%) detracted from results during the quarter. Regeneron experienced a decline in stock performance, primarily due to concerns over the competitive positioning of its eye drug, Eylea, and the potential launch of Amgen's biosimilar version. Despite reporting strong quarterly revenue and earnings growth, the slower-than-expected conversion to Eylea HD and the threat of biosimilar competition created uncertainty. The company's financial performance showed year-over-year revenue growth and an increase in earnings, but these positive results were overshadowed by market anxieties regarding Eylea's future.
- An overweight in ServiceNow Inc (portfolio weighting 1.56%) added to results during the quarter. ServiceNow's stock performance has been robust, driven by consistent beat-and-raise earnings reports. The company demonstrated strong execution, with significant growth in subscription revenue. The adoption of generative artificial intelligence (GenAI) offerings further contributed to the positive results. Additionally, the company announced strategic partnerships and new product innovations, further enhancing its market position and growth prospects.
- An overweight in Marvell Technology Inc (portfolio weighting 0.58%) added to results during the quarter. Marvell experienced significant growth in its data center segment, particularly in custom AI silicon and electro-optics. The company reported substantial year-over-year and sequential revenue growth, with notable improvements in earnings per share. Marvell's strategic partnership with Amazon Web Services and the successful ramp-up of custom silicon programs contributed to its positive financial results. Gross margin faced pressure due to the product mix, specifically the higher revenue contribution from custom silicon, but this mix dynamic has been well telegraphed by management and was therefore largely expected by investors.
Looking Ahead
As of 2024/12/31
- Easing inflation and improved prospects for growth have helped fuel optimism for a soft landing. However, certain systematic risks like the policy impact of the new administration in the U.S., potentially slower pace of rate cuts and significant geopolitical tensions can cause markets to be volatile. Through the volatility, we continue to focus on high-conviction stocks and take advantage of market dislocations for compelling stock-selection opportunities.
Performance
Monthly
As of 02/28/2025
Cumulative
As of 02/28/2025
Performance - MONTHLY
| 1 MONTH | 3 MONTHS | YTD | 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | 15 YEARS | SINCE INCEPTION* | |
|---|---|---|---|---|---|---|---|---|---|
| At NAV | 1.36% | -0.33% | 3.88% | 12.20% | 9.19% | - | - | - | 12.86% |
| Market Price Returns | 1.31% | -0.46% | 3.84% | 12.22% | 9.12% | - | - | - | 12.86% |
| S&P 500 Index | -1.30% | -0.97% | 1.44% | 18.41% | 12.55% | - | - | - | 17.44% |
| ICE BofA 3-Month US Treasury Bill Index | 0.32% | 1.09% | 0.69% | 5.09% | 4.14% | - | - | - | 2.61% |
Performance - CUMULATIVE
| 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | 15 YEARS | SINCE INCEPTION* | |
|---|---|---|---|---|---|---|
| At NAV | 12.20% | 30.18% | - | - | - | 78.27% |
| Market Price Returns | 12.22% | 29.93% | - | - | - | 78.23% |
The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-844-4JPM-ETF.
*Fund performance inception: 5/20/2020
A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in an index.
Documents
The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-844-4JPM-ETF.
Holdings are subject to chan