JPMorgan Equity Premium Income ETF
Institutional Structure & Tax Specification
Statutory fund vehicle structure, benchmark mechanics, regulatory identifiers & taxation specifications
Open-Ended Fund (1940 Act)
Active Stock Selection + Equity-Linked Notes (ELNs)
Active
2020-05-20
S&P 500 Total Return Index (Reference Index)
Fundamental Overweight / Low Volatility
Proprietary Fundamental Ranking with S&P 500 Call Option Overwrite
Quarterly / Periodic
Distributes (Monthly Cash Pass-Through)
Ordinary Income / Option Premiums (1099-DIV Box 1a)
39.60%
20.00%
Ordinary Income & Option Writing Premiums
US46641Q3329 · CEOJMS
J.P. Morgan Investment Management Inc.
JPMorgan Distribution Services, Inc.
Operational Governance & Primary Market Mechanics (S48-Phase 2)
Statutory Form 497K & N-CEN statutory disclosures: creation/redemption mechanics, securities lending & tax forms
Standard 1099-DIV qualified pass-through; no complex partnership tax filing
Portfolio collateral not rehypothecated to short sellers
100% direct physical equity replication; zero swap counterparty risk
Statutory Form N-PORT transparent reporting schedule
Standard block size for authorized participant (AP) primary creation
Active primary market arbitrage throughput
Massive AUM scale and daily dollar liquidity protect against liquidation
Fit vs. S&P 500 Total Return Index
Ease of AP primary market arbitrage and basket creation
Annual NAV tracking variance vs benchmark index
SEC EDGAR & Regulatory Structure
Statutory filings and fund prospectuses