JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF is an exchange-traded fund managed by J.P. Morgan Asset Management that trades on US exchanges under the ticker JEPI. According to the issuer, the fund is designed to provide regular current income while retaining the potential for capital gains.

JEPI does not track an index; it is actively managed by portfolio managers. The strategy has two components. One is a portfolio of large US company stocks, selected through the firm's own research process and targeting lower volatility than the broad market. The other is equity-linked notes (ELNs), which generate premium income by selling call options on a broad US equity index. Option premiums and stock dividends are passed on to shareholders as monthly distributions. This structure aims for a steadier income stream at the cost of giving up part of the return during sharp rallies.

Those following JEPI track the effect of market volatility on option premiums, fluctuations in distribution amounts, the fund's potential to lag the broad index during strong rallies and the counterparty risk of the ELNs. The market price may deviate from net asset value (NAV). On Lzzo.com, JEPI has its US dollar price, conversion into Turkish lira, euros and pounds sterling, a historical chart and technical indicators; the data source and the update time are also stated.