The JPMorgan Global Equity Premium Income Active UCITS ETF – USD (dist) (JEPG) is an Ireland-domiciled actively managed equity ETF managed by J.P. Morgan Asset Management and traded in U.S. dollars on the London Stock Exchange.

The fund seeks to combine global equity exposure with income generation through an actively managed stock portfolio and a complementary options strategy. The MSCI World Index serves as the fund's benchmark.

The equity portfolio is complemented by an index call-writing strategy designed to generate option premiums that contribute to the fund's distributable income. The approach also seeks to provide lower volatility relative to the benchmark, although it does not eliminate the risks associated with equity investing.

As an actively managed ETF, JEPG does not seek to replicate the MSCI World. The index serves as a benchmark, while the portfolio managers have flexibility to select companies and determine portfolio weights based on their investment process. 

Composition / Exposure Profile

JEPG holds companies across several sectors of developed economies, including:

• Information technology.

• Financials.

• Health care.

• Industrials.

• Communication services.

• Consumer discretionary.

• Consumer staples.

• Energy.

• Materials.

• Utilities.

• Real estate.

Geographically, the fund provides exposure across developed markets, including companies in the United States, Europe, Japan, and other economies within its global investment universe.

In addition to its equity portfolio, JEPG employs a systematic options strategy designed to generate income. Writing call options allows the strategy to collect premiums but may also limit some of the portfolio's upside participation during periods of strong equity-market gains.

Structure and Costs

JEPG trades in U.S. dollars on the London Stock Exchange. The same distributing share class also has other listings, while the accumulating share class traded in USD on the LSE uses the JEGA ticker.

The ETF has a total expense ratio (TER) of 0.35% per year, is domiciled in Ireland, operates under the UCITS framework, and is part of JPMorgan ETFs (Ireland) ICAV. As an actively managed strategy, the portfolio does not use an index-replication methodology.

JEPG is a distributing share class with monthly income distributions. The strategy's income generation combines dividends from its equity holdings with premiums generated through its options overlay.

History and Evolution of the ETF

The JPMorgan Global Equity Premium Income Active UCITS ETF – USD (dist) (JEPG) was launched in 2023, extending J.P. Morgan Asset Management's Equity Premium Income approach to a global equity portfolio.

Since its launch, the fund has maintained an active strategy combining fundamental global stock selection with a systematic option-writing approach designed to generate additional income.

Throughout its history, the fund's performance has reflected movements across developed equity markets as well as the effects of active stock selection and the options strategy on portfolio returns and income generation.

Additional Information

JPMorgan Global Equity Premium Income Active UCITS ETF – USD (dist) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $684.58 million.

Over the past 12 months, JPMorgan Global Equity Premium Income Active UCITS ETF – USD (dist) recorded a return of -4.26%, with its price trading between $24.98 and $28.27 during the same period.

The ETF is traded under the ticker JEPG.