Fact Sheet | October 31, 2024
JPMorgan Nasdaq Equity Premium Income ETF
Ticker: JEPQ
Designed to provide current income while Performance
F1 Fund: at NAV
maintaining prospects for capital appreciation. F2 Fund: Market price returns
Approach B1 Benchmark 1: Nasdaq-100 Index
• Generates income through a combination of selling B2 Benchmark 2: ICE BofA 3-Month US Treasury Bill Index
options and investing in U.S. large cap growth stocks, Growth of $10,000
seeking to deliver a monthly income stream from
16
associated option premiums and stock dividends Ending Value
• Seeks to deliver a significant portion of the returns F $14,293
associated with the Nasdaq 100 Index with less volatility 14
• Constructs a long equity portfolio through a proprietary
data science driven investment approach designed to drive
portfolio allocations while maximizing risk-adjusted 12
expected returns
10
Expertise
Portfolio manager(s) and years of experience
Hamilton Reiner, 37 years Andrew Stern, 16 years 8 23 24
Eric Moreau, 11 years 5/3/2022 (Launch) 10/31/2024
Since inception with dividends and capital gains reinvested. There is no direct
Fund Information correlation between a hypothetical investment and the anticipated
performance of the Fund.
Class launch Annual expenses (%) Calendar Year Performance (%)
May 3, 2022 Gross Expenses: 0.350
CUSIP Net Expenses: 0.350 75
46654Q203
Value of investments 50
$17.71 B
25
0
2023
F1 36.28
F2 36.23
B1 55.13
Yield (%)
As of 10/31/24 As of 9/30/24
30-day SEC yield 11.39 12.42
30-day SEC yield (unsubsidized) 11.39 12.42
12-month rolling dividend yield† 10.06 9.93
Return (%)
Total Return at Annualized Returns at
10/31/24 9/30/24
1mo 3mos YTD 1yr Launch^ 1yr 3yrs 5yrs Launch^
F1 at NAV 0.34 4.56 17.76 30.71 15.33 29.30 - - 15.75
Performance Disclosures
Market
The performance quoted is past performance and is not a guarantee of F2 price 0.38 4.58 17.80 30.69 15.35 29.21 - - 15.75
future results. Investment returns and principal value of an investment
will fluctuate so that an investor's shares, when sold or redeemed, may returns
be worth more or less than original cost. Current performance may be B1 -0.82 2.93 18.99 39.19 19.31 37.48 - - 20.45
higher or lower than the performance data shown. For performance
current to the most recent month-end please call 1-844-4JPM-ETF. B2 0.38 1.30 4.43 5.39 4.37 5.46 - - 4.36
Total Returns based on NAV and Market Price do not reflect brokerage
commissions or sales charges in connection with the purchase or sale of Fund
shares, which if included would lower the performance shown above. The NAV
used in the Total Return calculation assumes all management fees and
operating expenses incurred by the Fund.
Currently, the yield is unaffected by a fee waiver.
†
The 12-Month Rolling Dividend Yield represents the sum of the dividend yield
(non-annualized) for the 12 most recent regularly declared income dividends as
well as any special income distributions in the intervening period. Dividend
yield (non-annualized) is calculated by dividing the dividend per share by the
net asset value per share as of the relevant ex-dividend date.
^
Fund performance inception: 5/3/2022
A fund's NAV is the sum of all its assets less any liabilities, divided by the
number of shares outstanding.
YTD returns are as of the last business day of the month.
Must be preceded or accompanied by a prospectus.
Fact Sheet | October 31, 2024 | JPMorgan Nasdaq Equity Premium Income ETF Page 2 of 2
Holdings Sectors (%)
Top 10 (%) Communication Services 13.5
Consumer Discretionary 11.7
APPLE INC COMMON STOCK 7.5
Consumer Staples 4.6
NVIDIA CORP COMMON STOCK 7.3
Energy 0.3
MICROSOFT CORP COMMON 6.5
Financials 2.0
META PLATFORMS INC 4.5
Health Care 5.2
[Link] INC COMMON 4.4
Industrials 3.3
ALPHABET INC COMMON 4.0
Information Technology 40.8
BROADCOM INC COMMON 3.7
Materials 1.0
TESLA INC COMMON STOCK 2.4
Real Estate 0.2
NETFLIX INC COMMON STOCK 2.0
Utilities 1.1
NDX_3 1.7
Other 16.7
Portfolio Analysis
JEPQ Nasdaq-100 Index
Price to earnings (P/E ratio) 27.46 25.65
Weighted average market cap $1195.59 $1152.76
Number of holdings 99 101
Beta (Since Inception) 0.70 -
Standard deviation (Since 15.15 21.01
Inception)
Turnover ratio (trailing 12 168.00 -
months) (6/30/2024) (%)
EPS Growth 12.87 12.38
Investors should carefully consider the investment objectives and risks as well as CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE
charges and expenses of the JPMorgan ETF before investing. The summary and full FUND.
prospectuses contain this and other information about the ETF. Read the prospectus The ICE BofA 3-Month US Treasury Bill Index is comprised of a single issue purchased at the
carefully before investing. Call 1-844-4JPM-ETF or visit [Link] to beginning of the month and held for a full month. The index is rebalanced monthly and the
obtain a prospectus. issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3
Due to rounding, values may not total 100%. months from the rebalancing date.
Sector and country or region excludes cash. The benchmark shown represents the Fund’s performance benchmark, which is different
This document is a general communication being provided for informational purposes from the Fund s regulatory benchmark. The Fund’s regulatory benchmark is the S&P 500
only. It is educational in nature and not designed to be a recommendation for any specific Index and is included in the Fund’s prospectus and/or shareholder report. This document
investment product, strategy, plan feature or other purpose. Any examples used are can be obtained at [Link].
generic, hypothetical and for illustration purposes only. Prior to making any investment or Top Holdings
financial decisions, an investor should seek individualized advice from personal financial, The top 10 holdings listed exclude cash and money markets. Holdings are subject to
legal, tax and other professionals that take into account all of the particular facts and change. The holdings listed should not be considered recommendations to purchase or
circumstances of an investor's own situation. sell a particular security. Each individual security is calculated as a percentage of the net
Risk Summary assets.
The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting For more information regarding the Equity-Linked Notes please see “Equity Premium
individual companies, as well as changes in economic or political conditions. These price Income ETF - Equity Linked Notes Estimated SPX – Equivalent Unit Delta-Gamma” found on
movements may result in loss of your investment. the Documents tab of the fund’s website.
Investments in Equity-Linked Notes (ELNs) are subject to liquidity risk, which may make Definitions
ELNs difficult to sell and value. Lack of liquidity may also cause the value of the ELN to 30-day SEC Yield: Represents net investment income earned by a fund over a 30-day
decline. Since ELNs are in note form, they are subject to certain debt securities risks, such period, expressed as an annual percentage rate based on the fund s share price at the end
as credit or counterparty risk. Should the prices of the underlying instruments move in an of the 30-day period. The 30-day yield should be regarded as an estimate of investment
unexpected manner, the Fund may not achieve the anticipated benefits of an investment in income and may not equal the fund s actual income distribution rate.
an ELN, and may realize losses, which could be significant and could include the Fund's
entire principal investment. 30-day SEC Yield (unsubsidized): Unsubsidized yield does not adjust for any fee waivers
and/or expense reimbursements.
Annual Operating Expenses
The Fund’s management agreement provides that the adviser will pay substantially all Beta measures a fund’s volatility in comparison to the market as a whole. A beta of 1.00
expenses of the Fund, except for the management fees, payments under the Fund’s 12b-1 indicates a fund has been exactly as volatile as the market.
plan (if any), interest expenses, dividend and interest expenses related to short sales, P/E ratio is the number by which earnings per share is multiplied to estimate a stock s
taxes, acquired fund fees and expenses (other than fees for funds advised by the adviser value.
and/or its affiliates), costs of holding shareholder meetings, and litigation and potential Standard deviation/Volatility: A statistical measure of the degree to which the Fund s
litigation and other extraordinary expenses not incurred in the ordinary course of the returns have varied from its historical average. The higher the standard deviation, the wider
Fund’s business. The Fund shall be responsible for its non-operating expenses, including the range of returns from its average and the greater the historical volatility. The standard
brokerage commissions and fees and expenses associated with the Fund’s securities deviation is calculated over a 36 month period based on Fund s monthly returns.
lending program, if applicable. Weighted average market capitalization is a stock market index weighted by the market
Indexes capitalization of each stock in the index.
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in EPS: Total earnings divided by the number of shares outstanding.
an index. Entities
The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an
companies listed on The Nasdaq Stock Market based on market capitalization. The Index affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for
reflects companies across major industry groups including computer hardware and providing various services to the funds. JPMorgan Distribution Services, Inc. is a member
software, telecommunications, retail/wholesale trade and biotechnology. It does not of FINRA.
contain securities of financial companies including investment companies. J.P. Morgan Asset Management is the brand name for the asset management business of
Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered trademarks of JPMorgan Chase & Co and its affiliates worldwide.
Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed If you are a person with a disability and need additional support in viewing the material,
for use by J.P. Morgan Investment Management Inc. JPMorgan Nasdaq Equity Premium please call us at 1-800-343-1113 for assistance.
Income ETF (the “Fund”) has not been passed on by the Corporations as to its legality or
suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE ©JPMorgan Chase & Co., November 2024
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE FS-JEPQ-ETF Shares-1024