JPMorgan Equity Premium Income Fund Class A (JEPAX)
| Fund Assets | 6.01B |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 176.00% |
| Dividend (ttm) | 1.13 |
| Dividend Yield | 7.79% |
| Dividend Growth | 11.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 13.75 |
| YTD Return | -0.49% |
| 1-Year Return | 8.21% |
| 5-Year Return | 43.63% |
| 52-Week Low | 12.71 |
| 52-Week High | 14.84 |
| Beta (5Y) | n/a |
| Holdings | 126 |
| Inception Date | Aug 31, 2018 |
About JEPAX
JPMorgan Equity Premium Income Fund Class A is a mutual fund designed to provide investors with regular monthly income while maintaining exposure to the U.S. equity market. Its primary function is to deliver distributable income and reduce portfolio volatility, accomplished through a combination of an actively managed, defensive portfolio of large-cap U.S. stocks—primarily drawn from the S&P 500 Index—and a systematic options overlay strategy. The fund regularly sells out-of-the-money call options on the S&P 500 via equity-linked notes, a structure that allows it to pass through all options premium as dividends to investors. This results in consistent monthly payouts that diversify income sources without adding duration or credit risk found in many fixed-income products. Notable features include a competitive expense ratio, a focus on limiting downside risk compared to the broader equity market, and impressive yield levels that have ranged from roughly 7% to over 8% in recent years, though actual dividends fluctuate with market conditions. The fund is managed by an experienced team and is classified within the derivative income category, making it significant for investors seeking high, stable income with lower volatility relative to traditional equity funds.
Performance
JEPAX had a total return of 8.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.63%.
Top 10 Holdings
15.89% of assets| Name | Symbol | Weight |
|---|---|---|
| Johnson & Johnson | JNJ | 1.75% |
| Alphabet Inc. | GOOGL | 1.72% |
| Analog Devices, Inc. | ADI | 1.61% |
| Amazon.com, Inc. | AMZN | 1.59% |
| AbbVie Inc. | ABBV | 1.57% |
| Ross Stores, Inc. | ROST | 1.55% |
| RTX Corporation | RTX | 1.54% |
| NextEra Energy, Inc. | NEE | 1.53% |
| NVIDIA Corporation | NVDA | 1.52% |
| Lowe's Companies, Inc. | LOW | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.08235 | Feb 27, 2026 |
| Jan 30, 2026 | $0.08509 | Jan 30, 2026 |
| Dec 31, 2025 | $0.09925 | Dec 31, 2025 |
| Nov 28, 2025 | $0.08911 | Nov 28, 2025 |
| Oct 31, 2025 | $0.07872 | Oct 31, 2025 |
| Sep 30, 2025 | $0.08447 | Sep 30, 2025 |