JPMorgan Equity Premium Income ETF
Data as of October 30, 2026. JEPI closed at $57.56.
JEPI pairs an actively managed, lower-volatility stock portfolio with equity-linked notes that sell S&P 500 call options. Most of the monthly payout comes from that option income, so it changes with market volatility rather than growing steadily. It is the largest fund in the covered-call category.
| Issuer | J.P. Morgan Asset Management |
|---|---|
| Strategy | Actively managed; defensive S&P 500 stocks plus equity-linked notes that sell S&P 500 calls |
| Category | Covered call / options income |
| Inception | May 20, 2020 |
| Annualized total return | +6.6% over one year, +10.0% a year over three years, +7.8% a year over five years |
| Main risk | Upside is capped in strong rallies, the payout falls when volatility is low, and the income is taxed less favorably than qualified dividends. |
| Year | Paid per share | Change |
|---|---|---|
| 2026 (to date) | $3.42 | — |
| 2025 | $4.72 | +11.8% |
| 2024 | $4.22 | -8.7% |
| 2023 | $4.62 | -27.4% |
| 2022 | $6.36 | +52.9% |
| 2021 | $4.16 | — |
| Recent ex-date | Amount |
|---|---|
| October 1, 2026 | $0.341 |
| September 1, 2026 | $0.371 |
| August 3, 2026 | $0.367 |
| July 1, 2026 | $0.387 |
| June 1, 2026 | $0.389 |
| May 1, 2026 | $0.448 |
Per-share cash distributions, adjusted for splits. Includes special and capital-gains distributions. Confirm exact amounts with J.P. Morgan Asset Management.
| Holding | Weight |
|---|---|
| Microsoft Corp | 2.0% |
| NVIDIA Corp | 1.9% |
| Apple Inc | 1.9% |
| JPMorgan Prime Money Market IM | 1.9% |
| Meta Platforms Inc Class A | 1.9% |
| Amazon.com Inc | 1.8% |
| Trane Technologies PLC Class A | 1.8% |
| Johnson & Johnson | 1.8% |
| Alphabet Inc Class A | 1.8% |
| Mastercard Inc Class A | 1.7% |
| Ticker | Yield | Expense Ratio | Pays | 1Y Return | 3Y Return |
|---|---|---|---|---|---|
| SPYI | 12.06% | 0.68% | Monthly | +14.6% | +17.7% |
| JEPQ | 11.96% | 0.35% | Monthly | +19.5% | +21.8% |
| GPIX | 8.32% | 0.29% | Monthly | +16.3% | n/a |
| JEPI | 7.93% | 0.35% | Monthly | +6.6% | +10.0% |
| DIVO | 6.39% | 0.56% | Monthly | +11.4% | +16.6% |
Returns assume distributions are reinvested; periods over one year are annualized.
7.93% on a trailing 12-month basis as of October 30, 2026: $4.56 of distributions per share on a $57.56 price. That is about $793 a year on a $10,000 investment. The yield moves with the share price and with each payment.
Yes. JEPI pays every month. The most recent ex-dividend date in our data was October 1, 2026, at $0.341 per share.
0.35% a year, or about $35 per $10,000 invested. The cost is taken from the fund's assets, so you never see it as a separate charge.
Mostly ordinary income, because option income arrives through equity-linked notes. An IRA or 401(k) is usually the better home.
High monthly income with less volatility than the S&P 500, for investors willing to give up part of the upside in rallies. The main risk: upside is capped in strong rallies, the payout falls when volatility is low, and the income is taxed less favorably than qualified dividends. This is general information, not personal advice.
JEPI is built on defensive S&P 500 stocks; JEPQ on the Nasdaq-100, so it pays more but swings more. See JEPI vs JEPQ.