JEPI
JPMorgan Equity Premium Income ETF
JEPI is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.
Fund Basics
Fund sponsor | JPMorgan Chase |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | May 20, 2020 |
Assets (mns) | $32,771 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Monthly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
META PLATFORMS INC | 1.8 % |
TRANE TECHNOLOGIES PLC | 1.8 % |
AMAZON.COM INC | 1.8 % |
PROGRESSIVE CORP | 1.7 % |
MICROSOFT CORP | 1.7 % |
INTUIT INC | 1.7 % |
MASTERCARD INCORPORATED CLASS A | 1.6 % |
ACCENTURE PLC-CL A | 1.6 % |
ABBVIE INC | 1.6 % |
VISA INC. CLASS A | 1.5 % |
Constituent Breakdown
Number of holdings | 139 |
Herfindahl-Hirschman Index | 92 |
Wgt avg mkt cap (mns) | $278,095 |
Large cap (>$10bn) | 99.9% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 76.6 % | |
IRELAND | 5.5 % | |
NETHERLANDS | 2.2 % | |
BRITAIN | 1.6 % | |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
6.4% | 16.0% | 7.6% | -- | -- | -- | 8.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.58 | 86% |
MSCI EAFE | 0.56 | 74% |
MSCI Emg Mkts | 0.36 | 32% |
Liquidity Measures
Avg. volume (000) | 3,392 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $125,042 |
Technical Indicators
Recent close | $56.06 |
30d moving avg. | $54.35 |
Annualized volatility | 11.2% |
Relative strength (RSI) | 69 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JEPI |
Expenses vs. JEPI |
ALTAR Score™ vs. JEPI |
---|---|---|---|---|
SPXT | ProShares S&P 500 Ex-Technology ETF | 37.4% | -26 bp | +0.3% |
IWL | iShares Russell Top 200 ETF | 37.1% | -20 bp | -0.4% |
MGC | Vanguard Mega Cap ETF | 36.5% | -28 bp | -0.3% |
ACVF | American Conservative Values ETF | 36.3% | +40 bp | -0.9% |
EQWL | Invesco S&P 100 Equal Weight ETF | 36.0% | -10 bp | +1.5% |
QUS | SPDR MSCI USA StrategicFactors ETF | 35.8% | -20 bp | +0.8% |
FDLO | Fidelity Low Volatility Factor ETF | 35.6% | -20 bp | +0.2% |
WOMN | Impact Shares YWCA Women's Empowerment ETF | 35.4% | +40 bp | -0.4% |
USCA | Xtrackers MSCI USA Climate Action Equity ETF | 35.4% | -28 bp | -0.2% |
ADME | Aptus Drawdown Managed Equity ETF | 35.2% | +44 bp | -1.0% |
Risk and Returns: JEPI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 5/3/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JEPI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JEPI
5.3%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.3% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. JEPI's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places JEPI in the 42nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JEPI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JEPI | 35.0 | 1.9 | 36.9 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .