JPMorgan
Equity Premium Income ETF |
Ticker:
JEPI |
Listing
Exchange: NYSE Arca |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year
|
3
Years |
5
Years |
10
Years
|
SHARES
($)
|
|
|
|
|
Portfolio
Manager
|
Managed
the
Fund
Since
|
Primary
Title with
Investment
Adviser
|
Hamilton
Reiner
|
2020
|
Managing
Director
|
Raffaele
Zingone
|
2020
|
Managing
Director |
NON-FUNDAMENTAL
INVESTMENT OBJECTIVE
|
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding Shares of the
Fund. The
Fund’s investment objective is not fundamental and may be changed without
the consent of a majority of the outstanding
Shares of
the Fund. |
|
Equity
Premium
Income ETF
|
Authorized
Participant Concentration Risk |
• |
Call
Options Risk |
• |
Cyber
Security Risk |
○ |
Derivatives
Risk |
○ |
Equity
Market Risk |
• |
Equity-Linked
Notes (ELNs) Risk |
• |
Exchange-Traded
Fund (ETF) and Investment Company Risk |
○ |
General
Market Risk |
• |
High
Portfolio Turnover Risk |
• |
Industry
and Sector Focus Risk |
• |
Initial
Public Offering (IPO) Risk |
○ |
Large Cap
Company Risk |
• |
Market
Trading Risk |
• |
Mid Cap
Company Risk |
• |
Securities
Lending Risk |
○ |
Strategy
Risk |
• |
Transactions
and Liquidity Risk |
○ |
|
Equity
Premium
Income
ETF |
Volcker
Rule Risk |
○ |
WHAT
IS A DERIVATIVE?
|
Derivatives
are securities or contracts (like futures and options) that derive their
value from the performance of underlying assets or
securities.
|
WHAT
IS A CASH EQUIVALENT?
|
Cash
equivalents are highly liquid, high-quality instruments with maturities of
three months or less on the date they are purchased.
They
include securities issued by the U.S. government, its agencies and
instrumentalities, repurchase agreements, certificates of
deposit,
bankers’ acceptances, commercial paper, variable rate master demand
notes, money market mutual funds, and bank
deposit
accounts. |
|
Per share
operating performance | |||||
|
|
Investment
operations |
Distributions |
| ||
|
Net asset
value,
beginning
of period |
Net
investment
income
(loss)
(b) |
Net realized
and unrealized
gains
(losses) on
investments |
Total from
investment
operations |
Net
Investment
Income |
Net asset
value,
end of
period |
JPMorgan
Equity Premium Income ETF |
|
|
|
|
|
|
Year Ended June 30, 2021 |
$50.76 |
$5.17 |
$9.42 |
$14.59 |
$(4.85) |
$60.50 |
May 20,
2020 (f) through June 30, 2020 |
50.00 |
0.63 |
0.13
(g) |
0.76 |
— |
50.76 |
|
Ratios/Supplemental
data | |||||
|
|
|
|
Ratios to
average net assets (a) |
| |
Market
price,
end of
period |
Total return
(c)(d) |
Market
price total
return
(c)(e) |
Net assets,
end of
period |
Net
expenses |
Net
investment
income
(loss) |
Portfolio
turnover
rate (c) |
|
|
|
|
|
|
|
$60.57 |
30.22% |
29.90% |
$1,916,419,087 |
0.35% |
8.89% |
195% |
50.94 |
1.52 |
1.88 (h) |
27,916,586 |
0.35 |
11.11 |
13 |