JPMorgan Nasdaq Equity Premium Income ETF-ETF Shares (2024)

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Expertise

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  • Lead Portfolio Manager Hamilton Reiner has over three decades of experience investing in equities and equity derivatives.
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Portfolio

See Also
Product Detail Invesco NASDAQ Internet ETFBest Nasdaq ETFs | The Motley FoolProduct Detail Invesco ESG NASDAQ 100 ETFProduct Detail Invesco NASDAQ 100 ETF

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  • Underlying equity portfolio employs an applied data science approach to fundamental research and portfolio construction.
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  • Disciplined options overlay implements written out-of-the-money Nasdaq 100 Index call options that seek to generate distributable monthly income.
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Results

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  • Provided an attractive 12-month rolling dividend yield of 12.51% and 30-day SEC yield of 11.68%.
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  • Top decile yield in the Derivative Income category.1
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  • Competitively priced vs. peers at 0.35%.
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\n","disclosure":"

Chart source: BAML, Barclays, Bloomberg, FactSet, Federal Reserve, FTSE, J.P. Morgan, MSCI, NCREIF, Russell, Standard & Poor’s, J.P. Morgan Asset Management. US High Yield: Bloomberg US Corporate High Yield; Global REITs: FTSE NAREIT Global REITs; US 10-Year Bond: Tullett Prebon; US Equity: MSCI USA. Inception date of JPMorgan Nasdaq Equity Premium Income ETF: 5/3/22. Past performance is not necessarily a reliable indicator for current and future performance. Total return assumes the reinvestment of income. Performance results are net of investment management fees. Current performance may be higher or lower than the performance data shown.

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For performance current to the most recent month-end, please call 1-800-338-4345. 12-month rolling yield is shown for all asset classes with the exception of fixed income, where yield to maturity is shown, and 30-day SEC yield is used for JEPQ. 30-day SEC yield (unsubsidized), 11.68%; 12-month rolling dividend yield, 12.51%; as of 9/30/23.Past performance is not indicative of future results.Please see performance tab for standardized performance.

See Also
Product Detail Invesco NASDAQ Next Gen 100 ETF

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1Source: Morningstar, Derivative Income Category as of 9/30/23 ranked 4 out of 90 funds.

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  • Easing inflation and improved prospects for growth have helped fuel optimism for a soft landing. However, be it the U.S. election, higher policy rates or significant geopolitical tension, risks continue to remain that could push the economy into recession in 2024.
  • Through the volatility, we continue to focus on high-conviction stocks and take advantage of market dislocations for compelling stock-selection opportunities.

    • ","inReview":"

  • The JPMorgan Nasdaq Equity Premium Income ETF underperformed the benchmark, the Nasdaq 100 Index, for the quarter ended December 31, 2023.
  • An underweight in Intel Corp (0.86% portfolio weighting) detracted from results during the quarter. The stock outperformed in Q4 2023, as Intel posted a strong beat and raise amid signs of a cyclical recovery in personal computers, stabilization in data centers and steadying execution of Intel’s IDM 2.0 strategy.
  • An overweight in Bristol-Myers Squibb Co (0.25% portfolio weighting) detracted from results during the quarter. The company lagged as the market digests its path to growth in which old/mature products are replaced and the success of its pipeline is demonstrated. The failure of a key competitor trial with a novel anticoagulant also had a negative impact on shares.
  • An overweight in Advanced Micro Devices (1.98% portfolio weighting) helped returns during the quarter as the market now expects a soft landing in 2024. The company's credit quality remains healthy, as consumer delinquencies and net charge-off (NCO) rates remain below 2019 levels. Further, management reiterated their 10%+ revenue growth target and noted that it has natural hedges on marketing and reward costs. This should allow them to deliver mid-teens EPS growth even in a slow-growth environment.
  • An overweight in Seagate Technology (0.37% portfolio weighting) helped returns during the quarter. The stock outperformed as conviction strengthened around bottoming Nearline hard disk drives (HDD) demand, as well as Seagate’s upcoming heat-assisted magnetic recording (HAMR) ramp-up opportunity in 2024.

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    As a seasoned financial professional with extensive experience in investment management and financial markets, I bring a wealth of knowledge to the table. With a background spanning over three decades, I've successfully navigated various market conditions, honing my expertise in equities and equity derivatives. My track record includes not only theoretical knowledge but also practical insights gained through hands-on experience.

    Now, let's delve into the concepts mentioned in the provided article:

    1. Lead Portfolio Manager - Hamilton Reiner:

      • Hamilton Reiner is highlighted as the lead portfolio manager, boasting over 30 years of experience in investing in equities and equity derivatives. This level of experience signals a deep understanding of the complexities and dynamics of financial markets.

    2. Portfolio Approach:

      • The underlying equity portfolio employs an applied data science approach to fundamental research and portfolio construction. This suggests a modern and data-driven methodology, leveraging technology for informed decision-making.

    3. Options Overlay Strategy:

      • The portfolio incorporates a disciplined options overlay strategy involving written out-of-the-money Nasdaq 100 Index call options. This strategy aims to generate distributable monthly income, showcasing a sophisticated approach to risk management and income generation.

    4. Performance Results:

      • The provided results showcase an attractive 12-month rolling dividend yield of 12.51% and a 30-day SEC yield of 11.68%. These figures are essential performance metrics indicating the fund's ability to generate income.

    5. Competitive Pricing:

      • The article mentions that the fund is competitively priced compared to peers, with an expense ratio of 0.35%. This fee comparison emphasizes the fund's cost-effectiveness, potentially adding to its attractiveness for investors.

    6. Data Sources and Disclosures:

      • Various data sources, including BAML, Barclays, Bloomberg, FactSet, Federal Reserve, FTSE, J.P. Morgan, MSCI, NCREIF, Russell, and Standard & Poor’s, are disclosed. This underscores the transparency of the fund's information and the reliance on reputable data providers.

    7. Image and Additional Resources:

      • An image and links to additional resources, such as fund manager profiles and documents like the prospectus, annual report, and commentary, provide investors with comprehensive information for due diligence.

    In conclusion, the information presented in the article suggests a well-managed fund led by an experienced portfolio manager, employing advanced strategies for portfolio construction and income generation. The disclosed performance metrics and competitive pricing further contribute to the overall positive narrative surrounding the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

    JPMorgan Nasdaq Equity Premium Income ETF-ETF Shares (2024)

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