JPMorgan Equity Premium Income A
JEPAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 277 Park Avenue New York NY United States of America 10172
- IPO Date
- Jan 2, 2019
- CIK
- 0001659326
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Equity Premium Income Fund Class A (JEPAX) is an open-end mutual fund managed by J.P. Morgan Investment Management Inc. that seeks current income while maintaining prospects for capital appreciation by investing primarily in a diversified portfolio of U.S. large-cap equity securities, significantly comprised of those included in the S&P 500 Index, and selling call options through equity-linked notes (ELNs) with exposure to the S&P 500 Index. The fund constructs its equity sleeve via a proprietary research process to identify over- and undervalued stocks with attractive risk/return profiles, aiming to deliver a monthly income stream from option premiums and stock dividends alongside S&P 500-like returns with lower volatility (3-year beta of 0.57); it offers share classes including A (JEPAX), C (JEPCX), I (JEPIX), R5 (JEPSX), and R6 (JEPRX), with Class A featuring a 5.25% front-end load, 0.85% net expense ratio, and a minimum initial investment of $1,000. As of September 30, 2025, the fund holds approximately 126 positions, with top equity holdings such as NVIDIA Corp. (1.7%), AbbVie Inc. (1.7%), Microsoft Corp. (1.6%), and notable exposure to convertible bonds/ELNs (14.1%), information technology (15.3%), financials (12.5%), and industrials (11.8%); it targets retail and institutional investors seeking derivative income strategies, operates domestically in the United States, and manages total net assets of $6.26 billion. Launched on August 31, 2018, the fund is domiciled in the United States with portfolio management led by Hamilton Reiner (since inception, 38 years experience), Raffaele Zingone (since inception, 34 years), and recent additions Judy Jansen and Matthew Bensen (effective November 1, 2024, each with 10 years experience), reflecting a strategic enhancement to the management team amid ongoing asset growth to over $6 billion in AUM. The fund, part of the J.P. Morgan Funds complex distributed by JPMorgan Distribution Services Inc., has sustained monthly distributions with a 12-month rolling dividend yield of 7.50% and 30-day SEC yield of 6.25% as of September 30, 2025, while delivering since-inception annualized returns of 8.34% at NAV through a combination of equity selection and options overlays.