JEPI is an actively-managed fund which seeks to generate income by investing in US stocks which have low volatility and which appear undervalued, and through investments in equity-linked notes which provide the economic exposure of the US stock market and written (sold) call options. The fund is appropriate for investors seeking long-term income. JEPI is subject to equity market risk, and risk that its security selection process underperforms the broader market. Additionally, the options exposure of the equity-linked notes provides income, but limits the upside potential of the fund relative to the US stock market, and exposes investors to counterparty risk. JEPI may be tax-inefficient, as distributions from the fund may be taxed as income, and dividends from underlying stock holdings are not considered qualified because of the offsetting options positions.
JEPI
isn’t eligible for Tax-Loss Harvesting, since we can’t find a viable alternate fund.
Price
$59.05
as of 04:00 PM EDT, 09/16/2024
We base risk ratings on the volatility, or the size and frequency of price fluctuations, of the investment. Typically, a more volatile investment has a higher risk rating.
Expense ratio
0.35%
The percentage of fund assets used to cover operating expenses and management fees.
52-week high
$58.88
The highest share price in the past year.
52-week low
$51.38
The lowest share price in the past year.
Dividend yield
7.13%
The average percentage of dividends paid relative to the share price over the past year.
Net assets
$35.28B
The total value of all assets held by the fund.
Volume
2,920,243
The average trading volume over the past 90 days.
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