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JEPQJPMorgan Nasdaq Equity Premium Income ETF

Get income4y track recordRanked #180 of 1,650 in this goal

Seeks current income while maintaining prospects for capital appreciation.

By JPMorgan · Launched 2022

Annual Cost

0.35%

#1,645 of 5,853 · low cost

Fund Size

$40.7B

#85 of 5,853 · large

Dividend YieldGoal

9.95%

Track Record

4 years

#2,614 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,775+17.8%

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

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 40.0% of fundmoderately concentrated

NVIDIA Corp.
7.3%
Apple, Inc.
6.4%
Alphabet, Inc.
5.1%
Microsoft Corp.
4.8%
Amazon.com, Inc.
4.0%
Meta Platforms, Inc.
3.0%
Tesla, Inc.
2.6%
Walmart, Inc.
2.5%
Broadcom, Inc.
2.2%
Netflix, Inc.
2.1%

Asset allocation

Stocks
82.7%
Convertible
16.4%
Cash
0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.6%Moderate

Year-on-year price swings

Max drawdown
-20.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.89Decent risk-adjusted returns
Sortino (3Y)
1.28Good downside protection

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income while maintaining prospects for capital appreciation.
Strategy
Creates an actively managed portfolio of equity securities, significantly including those in the Nasdaq-100 Index, while selling call options to generate income. The Fund targets lower volatility than the Benchmark and aims for capital appreciation, primarily investing in large and mid-cap technology companies.
Inception date
May 3, 2022
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 2026-08-02