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JEPIJPMorgan Equity Premium Income ETF

Get incomeGrow my money6y track recordRanked #157 of 1,650 in this goal

Seeks current income while maintaining prospects for capital appreciation.

By JPMorgan · Launched 2020

Annual Cost

0.35%

#1,644 of 5,854 · low cost

Fund Size

$44.7B

#76 of 5,854 · large

Dividend YieldGoal

8.11%

Track Record

6 years

#2,066 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,016+10.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Standard & Poor’s 500 Total Return Index

What it actually holds

By weight

Concentration

Top 10 holdings = 15.7% of fund✓ well diversified

Johnson & Johnson
1.7%
Ross Stores, Inc.
1.7%
EOG Resources, Inc.
1.7%
NextEra Energy, Inc.
1.6%
Howmet Aerospace, Inc.
1.6%
AbbVie, Inc.
1.6%
RTX Corp.
1.5%
Walmart, Inc.
1.4%
PepsiCo, Inc.
1.4%
Eaton Corp. plc
1.4%

Asset allocation

Stocks
85.6%
Convertible
13.7%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.1%Low

Year-on-year price swings

Max drawdown
-13.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.56Decent risk-adjusted returns
Sortino (3Y)
0.80Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income while maintaining prospects for capital appreciation.
Strategy
Actively manages a portfolio of equity securities, primarily investing in U.S. large cap and mid cap companies. Utilizes a covered call strategy by selling call options to generate income and reduce volatility, aiming for capital appreciation and stable monthly distributions.
Inception date
May 20, 2020
Fund family
JPMorgan

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03