SPDR S&P 500 ETF Trust
Price
$771.10
YTD
+12.85%
Expense
0.09%
Yield
1.25%
JEPI
JEPI NYSE
JPMorgan Equity Premium Income ETF · by JPMorgan
Price
$57.85
YTD return
+6.25%
1Y return
12.10%
Expense ratio
0.35%
Dividend yield
7.15%
AUM
$36B
JEPI generates income through a combination of selling options on the S&P 500 and investing in low-volatility U.S. large-cap stocks. Popular for its high monthly distributions averaging 7-9% yield.
What is JEPI?
JPMorgan Equity Premium Income ETF (JEPI) combines S&P 500-like stock selection with an options overlay strategy to generate high monthly income. It has quickly become one of the most popular income ETFs, attracting over $30 billion in assets since its 2020 launch.
How JEPI Generates Income
JEPI uses a covered call strategy, selling equity-linked notes (ELNs) against a portfolio of low-volatility S&P 500 stocks. This produces premium income on top of stock dividends, resulting in yields of 7-9% annually.
Income vs Growth Trade-off
The covered call strategy caps upside potential during strong bull markets. JEPI will underperform in years when the S&P 500 surges 20%+, but outperforms during flat or mildly negative markets due to premium income.
Sector Allocation
- Technology: 18.5%
- Healthcare: 12.8%
- Financials: 12.2%
- Consumer Staples: 10.5%
- Industrials: 9.8%
- Energy: 8.2%
- Communication Services: 7.5%
- Utilities: 6.8%
- Consumer Discretionary: 6.2%
- Real Estate: 4.5%
- Materials: 3.0%
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Amazon.com | AMZN | Consumer Discretionary | 1.70% | $256.26 -1.54% |
| 2 | Microsoft Corp. | MSFT | Technology | 1.60% | $505.06 1.75% |
| 3 | Meta Platforms | META | Communication Services | 1.50% | $571.10 -0.87% |
| 4 | Progressive Corp. | PGR | Financials | 1.40% | $217.65 -2.18% |
| 5 | Mastercard | MA | Financials | 1.30% | $591.73 -1.13% |
| 6 | Trane Technologies | TT | Industrials | 1.20% | $454.31 -1.96% |
| 7 | Visa Inc. | V | Financials | 1.10% | $379.66 -1.10% |
| 8 | Accenture | ACN | Technology | 1.00% | $187.38 3.31% |
| 9 | Intuit | INTU | Technology | 0.90% | $348.00 0.61% |
| 10 | AbbVie | ABBV | Healthcare | 0.80% | $258.15 -1.81% |
Frequently asked questions
Is JEPI good for monthly income?
JEPI is one of the best ETFs for monthly income, paying distributions every month with yields typically between 7-9%.
Is JEPI safe?
JEPI holds blue-chip stocks and has lower volatility than SPY, but its options strategy means capped upside. It's considered moderate risk.
Can JEPI replace bonds?
Some investors use JEPI as a bond alternative for income, but it carries more equity risk than bonds. Consider it a complement, not a replacement.
Compare with similar ETFs
Invesco QQQ Trust
Price
$721.11
YTD
+15.62%
Expense
0.20%
Yield
0.52%
Vanguard S&P 500 ETF
Price
$708.75
YTD
+12.78%
Expense
0.03%
Yield
1.28%
iShares UK Dividend UCITS ETF
Price
£1,032.80
YTD
+3.50%
Expense
0.40%
Yield
4.80%
Vanguard Australian Shares High Yield ETF
Price
A$85.29
YTD
+3.80%
Expense
0.25%
Yield
5.50%
Vanguard Total Stock Market ETF
Price
$380.63
YTD
+11.92%
Expense
0.03%
Yield
1.32%
Community
JEPI discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of JEPI in 2026?
JEPI price prediction 2026: what actually drives it?
Does JEPI pay a dividend, and how reliable is the yield?
Is JEPI a good long-term hold, or too concentrated?
Ask a question about JEPI
Questions are reviewed before publishing. Please do not ask for personal investment advice — we cannot provide it.