JPMorgan Equity Premium Income I
JEPIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- 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 I (JEPIX) is an open-end mutual fund that seeks current income and capital appreciation by investing primarily in a defensive portfolio of U.S. large-cap equities drawn from the S&P 500 universe while systematically selling out-of-the-money call options on the S&P 500 Index through equity-linked notes (ELNs); the equity sleeve targets a market beta of approximately 0.8 to reduce volatility, leveraging quantitative earnings forecasts and qualitative insights from J.P. Morgan's analyst team with sector caps at 17.5% and position limits at 1.5%; the options sleeve employs one-month calls staggered across weekly buckets using a fixed delta for strike prices typically 2% out-of-the-money, generating high monthly income distributions from premiums that have yielded 8-12% annually since inception, supplemented by minimal equity dividends. Launched on August 31, 2018, the fund is managed by J.P. Morgan Investment Management Inc., a division of J.P. Morgan Asset Management headquartered at 270 Park Avenue, New York, New York, with total net assets of approximately $6.3 billion as of late 2025 and an institutional share class minimum initial investment of $1 million; it operates in the derivative income category with a large-blend investment style, distributing primarily to institutional investors in the United States. Recent developments include the addition of Matthew Bensen and Judy Jansen as named portfolio managers effective November 1, 2024, alongside lead manager Hamilton Reiner (promoted to CIO of U.S. core equity) and Raffaele Zingone on the equity sleeve, enhancing team depth with their prior experience running the options overlay; the strategy has benefited from heightened volatility periods, outperforming the S&P 500 by 14.2 percentage points in 2022 and 3.5 points during February-April 2025 drawdowns while delivering annualized returns exceeding the category average and CBOE S&P 500 BuyWrite Index since inception through September 2025; in tandem with sister strategies like the JPMorgan Equity Premium Income ETF (JEPI), J.P. Morgan expanded the Equity Premium Income suite with UCITS ETF versions of JEPI and Nasdaq-focused JEPQ listed on the London Stock Exchange in November 2024 and the new JPMorgan Equity and Options ETF (JOYT) launched in August 2025.