JEPIJPMorgan Equity Premium Income ETF
Seeks current income while maintaining prospects for capital appreciation.
By JPMorgan · Launched 2020
0.35%
#1,706 of 5,562 · low cost
$44.6B
#76 of 5,562 · large
8.45%
6 years
#2,112 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Standard & Poor’s 500 Total Return Index
What it actually holds
By weightConcentration
Top 10 holdings = 16.0% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income while maintaining prospects for capital appreciation.
- Strategy
- Creates an actively managed portfolio of equity securities and equity-linked notes (ELNs), selling call options on the S&P 500 Total Return Index. Aims for total return through capital appreciation and income, with lower volatility than the broad U.S. large cap market.
- Inception date
- May 20, 2020
- Fund family
- JPMorgan
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
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 2026-06-19