JPMorgan Equity Premium Income ETF (JEPI)

Ticker JEPI · US exchange

JPMorgan Equity Premium Income ETF is an actively managed ETF from the United States. It holds mainly US stocks plus structured notes (equity-linked notes) that collect premiums from selling call options. Its filing with the US Securities and Exchange Commission lists 112 stocks as of June 30, 2026; the largest position was AbbVie, Inc. at 1.72%. The notes accounted for 13.7% of net assets. The prospectus states an expense ratio of 0.35% a year.

The ten largest holdings make up 15.9% of JEPI, out of 129 holdings in total; the largest sector is Information Technology at 18.6% (as of Jun 30, 2026).

Alysly Data Analysis: JEPI

JEPI by the Numbers

The ten largest stocks account for 15.9% of net assets; the other 102 holdings share the rest of the stock allocation. By sector, Information Technology leads with 18.6%, followed by Industrials (15.9%) and Health Care (15.2%). In our price series since September 16, 2024, the price fell as much as 15.9% below its previous high, with annualized volatility of 11.1%. JEPI and VOO share 35.3% of their stock weights; 0.8% of JEPI's stock allocation sits in names that VOO does not hold.

Data note 1

JEPI Holdings: The 25 Largest Stock Positions

as of Jun 30, 2026 · SEC Form N-PORT · weight in % of net assets

Largest stock positions
#	Stock	Weight
1	AbbVie, Inc.	1.72%
2	Howmet Aerospace, Inc.	1.68%
3	Johnson & Johnson	1.66%
4	Eaton Corp. plc	1.62%
5	Trane Technologies plc	1.60%
6	Lam Research Corp.	1.56%
7	NVIDIA Corp.	1.52%
8	Apple, Inc.	1.52%
9	Ross Stores, Inc.	1.51%
10	Alphabet, Inc.	1.50%
11	NextEra Energy, Inc.	1.48%
12	Vertex Pharmaceuticals, Inc.	1.46%
13	Amazon.com, Inc.	1.46%
14	EOG Resources, Inc.	1.45%
15	3M Co.	1.42%
16	RTX Corp.	1.42%
17	Visa, Inc.	1.41%
18	American Express Co.	1.39%
19	Yum! Brands, Inc.	1.38%
20	Philip Morris International, Inc.	1.34%
21	Lowe's Cos., Inc.	1.33%
22	Mastercard, Inc.	1.33%
23	Broadcom, Inc.	1.32%
24	Cadence Design Systems, Inc.	1.29%
25	Microsoft Corp.	1.28%

Asset Mix

Stocks85.3%

Bonds and structured notes13.7%

Cash and short-term investments0.8%

Sectors of the Stocks

Information Technology18.6%

Industrials15.9%

Health Care15.2%

Consumer Discretionary12.3%

Financials11.4%

Consumer Staples9.4%

Communication Services6.1%

Utilities4.7%

Mapped through our stock data, covering 95% of the stock allocation.

Countries of the Stocks

United States93.0%

Ireland5.9%

Netherlands0.6%

Switzerland0.4%

Data note 1

Data and Charts: JEPI

ListingUS

Expense ratio0.35%

Net assets$44.7B

Stocks112

Holdings as ofJun 30, 2026

About JEPI

JEPI differs from the other funds in this selection because it does not track an index. A portfolio management team decides on the positions, and the goal is high ongoing income with lower volatility than the broad market.

The strategy has two parts. The larger one consists of US stocks selected for valuation and stability, with the S&P 500 as the benchmark. The smaller part is equity-linked notes, structured debt securities issued by banks. Through them the fund sells call options on the S&P 500 and collects premiums. Those premiums and the stock dividends feed monthly distributions.

Selling call options has a downside: when the market rises sharply, the fund hands part of that gain to the buyers of the options. In sideways or mildly falling markets, the premiums provide a cushion. In a steep decline they protect only a little.

The equity-linked notes bring counterparty risk, because their value depends on the issuing banks. The size of distributions varies with market volatility, as option premiums are higher in turbulent periods. Because a large part of the return is paid out, price return alone gives an especially incomplete picture of JEPI's results.

JEPI Price History

The chart shows daily closing prices and is set to the current year by default. The price is up 0.4% year to date and up 0.4% over twelve months. The last recorded close on October 28, 2026, was at 47% of the 52-week range.

Price series from our database since Sep 16, 2024, 532 daily values.

Data note 2

JEPI Performance

Performance figures
Trailing (1Y)	+0.4%	Year to date	+0.4%
Calendar year 2025	-0.5%

Data note 3

Measured in euros, JEPI is up 5.9% year to date and up 4.9% over twelve months. The difference from the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Fundamental Analysis: JEPI

Availability in the EU

Retail investors in the EU usually cannot buy this fund. Banks and brokers may only offer it with a key information document under the PRIIPs regulation, and US ETFs rarely have one.