The JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP) is an Ireland-domiciled actively managed equity ETF from J.P. Morgan Asset Management. JEQP represents the GBP/GBX trading line of the fund's USD distributing share class on the London Stock Exchange.

The fund seeks to provide income and long-term capital growth through an active strategy that combines a portfolio primarily composed of companies tied to the U.S. economy with a call-writing strategy.

Unlike a traditional passive ETF, JEQP does not seek to replicate the Nasdaq-100. The index serves as its reference benchmark, while portfolio holdings are actively selected by the investment team using research, data analysis, and risk management.

The strategy seeks to generate income from two primary sources: dividends received from portfolio companies and premiums earned from selling equity and/or equity index call options. 

Composition / Exposure Profile

JEQP's equity portfolio primarily consists of companies domiciled in or deriving the main part of their economic activity from the United States. The fund's investment policy also allows it to invest in companies from other countries.

The portfolio tends to include sectors with significant representation in the Nasdaq-100 universe, such as:

• Information technology.

• Communication services.

• Consumer discretionary.

• Health care.

• Consumer staples.

• Industrials.

Stocks are actively selected by J.P. Morgan Asset Management. The investment process incorporates fundamental research, company data, industry analysis, economic activity, and other information to evaluate securities and construct the portfolio.

In addition to equities, the fund systematically sells call options on stocks and/or equity indexes. Option premiums represent an important source of income and may help partially offset losses from the equity portfolio during certain market conditions. In exchange, the strategy may give up some potential gains when the underlying securities rise significantly.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the distributing share class trades in USD under JEPQ and in GBP/GBX under JEQP. The trading currency does not change the share class's underlying investment strategy or economic exposure.

The ETF has a total expense ratio (TER) of 0.35% per year, is domiciled in Ireland, and operates under the UCITS framework. Because the ETF is actively managed, portfolio holdings and weights can change based on the investment team's decisions and the objectives of the strategy.

The share class follows a monthly distribution policy. Payments may reflect income generated from stock dividends, option premiums, and other sources permitted within the fund's structure. Distribution amounts can vary over time.

History and Evolution of the ETF

The JPM Nasdaq Equity Premium Income Active UCITS ETF – USD (dist) was launched in 2024 as part of J.P. Morgan Asset Management's range of active income-oriented ETFs.

Since its launch, the fund has combined active stock selection with an options overlay strategy while using the Nasdaq-100 as its reference benchmark. Its objective remains focused on providing income and long-term capital growth.

The strategy's performance can reflect factors including U.S. equity market conditions, particularly in sectors with significant representation in the Nasdaq-100, market volatility, option premium income, interest rates, and broader U.S. economic conditions.

Additional Information

JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $989.00 million.

Over the past 12 months, JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist recorded a return of 7.24%, with its price trading between $0.37 and $28.09 during the same period.

The ETF is traded under the ticker JEQP.