JPMorgan Equity Premium Income ETF
JEPI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 383 Madison Avenue New York NY United States of America 10179
- IPO Date
- May 21, 2020
- CIK
- 0001485894
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Equity Premium Income ETF (JEPI) is an actively managed exchange-traded fund that seeks to deliver monthly distributable income while providing exposure to U.S. large-cap equities with lower volatility than the S&P 500 Index. The fund generates income through a combination of dividends from a defensive portfolio of approximately 125 U.S. large-cap stocks, selected via a proprietary research process emphasizing undervalued stocks with attractive risk-return profiles, and premiums from selling out-of-the-money, one-month S&P 500 Index call options packaged as equity-linked notes (ELNs) from multiple global financial institutions; sector exposures are capped at 17.5% with individual holdings limited to 1.5%, targeting a market beta of around 0.8 and top holdings including NVIDIA Corp, Alphabet Inc, Amazon.com Inc, Microsoft Corp, and AbbVie Inc. JEPI operates primarily in the U.S. equity derivative income segment, targeting income-focused investors such as institutions and high-net-worth individuals seeking equity market participation with reduced downside risk, and trades on the NYSE Arca exchange with assets under management exceeding $40 billion, a 0.35% expense ratio, and monthly distributions yielding approximately 8% on a trailing 12-month basis. Launched on May 20, 2020, and headquartered in New York with J.P. Morgan Asset Management as sponsor, JEPI is managed by a team led by Hamilton Reiner (38 years experience) and Raffaele Zingone (34 years), supported by Matt Bensen and Judy Jansen, leveraging insights from over 20 J.P. Morgan equity analysts. Recent developments include sustained strong inflows pushing AUM to $41.5 billion as of late 2025, reflecting its status as one of the most successful ETF launches ever with over $27 billion in net inflows in its first three years; the fund outperformed peers and the CBOE S&P 500 BuyWrite Index during volatile periods like early 2025 and the 2022 downturn, while its Equity Premium Income Suite expanded strategically in August 2025 with the launch of the related JPMorgan Equity and Options ETF (JOYT), managed by the same team and targeting total return alongside JEPI and JEPQ; portfolio manager additions of Matt Bensen and Judy Jansen in November 2024 enhanced the options sleeve execution.