JPMorgan Nasdaq Equity Premium Income ETF

Frequently Asked Questions About JEPQ

What does JEPQ invest in?

The fund implements its strategy by creating a dynamically managed portfolio of equities, primarily consisting of securities found within its benchmark, the Nasdaq-100 Index. Furthermore, it leverages equity-linked notes (ELNs) to execute the sale of call options whose performance is linked to the Nasdaq-100. The investment vehicle is characterized by its non-diversified nature.

What is the expense ratio of JEPQ?

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is JEPQ's distribution yield?

JEPQ's trailing-twelve-month yield is 10.93%, calculated from the sum of distributions over the past year divided by the current price.

How does JEPQ's covered-call strategy work?

JEPQ sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is JEPQ?

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) manages $41.35B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is JEPQ actively managed or an index fund?

JEPQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.