Fund profile
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFJPMorgan Nasdaq Equity Premium Income (JEPQ) — simplified ETF snapshot for research (not advice).
Current price
$59.78
Distribution yield
11.32%
Trailing 12 months
Expense ratio
0.350%
Annual fund cost
Holdings
~100
Fund-level estimate
Strategy
Covered call
Site classification
Payout record
JEPQ dividend history — annual distribution per share
Total distributions JPMorgan Nasdaq Equity Premium Income ETF paid per share in each completed calendar year, summed from actual payment dates.
Latest full year
$6.12
2025
Years with data
3
Within 2023–2025
Annual growth
+10.6%
Compound annual rate
Change over period
+22%
Per share, cumulative
| Year | Distribution per share | Relative size | vs. prior year |
|---|---|---|---|
| 2025 | $6.12 | +12.5% | |
| 2024 | $5.44 | +8.8% | |
| 2023 | $5.00 | — |
All distributions are included, so a year containing a year-end capital gains distribution will be higher than its income alone. Fund distributions vary with the income of the underlying holdings and are not a fixed payout. The current year is omitted until it is complete, and a dash marks a year whose source payment records are incomplete. Figures are summed from payment history and may differ from fund-reported distribution schedules.
Monthly payout record
JEPQ monthly distribution history
The most recent distribution events reported for JPMorgan Nasdaq Equity Premium Income ETF. Amounts can change each month; this is a historical record, not a forecast of the next payment.
| Ex-dividend date | Distribution per share |
|---|---|
| 2026-09-01 | $0.6830 |
| 2026-08-03 | $0.7050 |
| 2026-07-01 | $0.6370 |
| 2026-06-01 | $0.5640 |
| 2026-05-01 | $0.5910 |
| 2026-04-01 | $0.5590 |
| 2026-03-02 | $0.5090 |
| 2026-02-02 | $0.4660 |
| 2025-12-31 | $0.5760 |
| 2025-12-01 | $0.5530 |
| 2025-11-03 | $0.4760 |
| 2025-10-01 | $0.4460 |
Source: daily Yahoo Finance distribution events. The date above is the ex-dividend date, not the declaration, record, or payment date. Confirm the complete schedule with the fund sponsor.
Portfolio concentration
Reported top holdings
The visual summarizes the reported top 10 holdings out of approximately 100 total. It is a composition reference, not a complete portfolio file.
Largest holding
NVDA 7.29%
NVIDIA Corp
Top 5 combined
28.22%
Largest five reported weights
Reported top set
41.87%
Top 10 combined
Site coverage
3/10
Holdings linked to site pages
NVIDIA Corp
Alphabet Inc Class C
Micron Technology Inc
Amazon.com Inc
Advanced Micro Devices Inc
Meta Platforms Inc Class A
Tesla Inc
Source: Yahoo Finance fund snapshot. Weights and holding names may lag, and the displayed holdings are not the full fund portfolio.
Research note
JEPQ: reading monthly income without mistaking it for a bond coupon
JEPQ pays monthly, but its options overlay, short operating history, and year-end tax classification make the cash stream different from a bond coupon or a conventional stock dividend.
The holdings list is only half of the portfolio story
The stocks shown above describe JEPQ's equity exposure: a portfolio built around large U.S. companies associated with the Nasdaq-100 opportunity set. They do not, by themselves, explain the fund's income stream. J.P. Morgan describes JEPQ as combining that equity portfolio with an options overlay intended to generate distributable monthly income. That distinction matters. A reader can recognize familiar technology names in the top holdings and still miss the part of the strategy that changes both the distribution pattern and the return profile.
The practical use of the holdings table is therefore directional. It helps answer whether the fund's stock exposure is concentrated in a few companies or sectors at a given point in time. It cannot show how much option premium may be available in the next month, whether calls will be written at the same level, or how the option overlay will behave during a sharp market move. Those are separate sources of risk and income.
A monthly distribution is not a fixed coupon
JEPQ's distribution can reflect stock dividends and option income. For that reason, a trailing distribution yield is useful as a record of what was paid over a past period, not as a contract for what will be paid next. A higher quoted yield can result from a larger recent payment, a lower share price, or both. It does not answer whether the fund will match the same cash amount in the following month.
The monthly and annual tables on this page are more useful when read together. The monthly record shows variability from one declaration to the next; the annual table shows the total paid in each completed calendar year. Neither figure is a forecast. An investor comparing JEPQ with a traditional dividend ETF should keep the comparison honest: one fund's cash flow may rely more heavily on portfolio-company dividends, while JEPQ also relies on the option market.
Ex-dividend dates answer a timing question, not a return question
Owning shares before an ex-dividend date is the usual eligibility test for a declared distribution, but it does not create an extra return. Share prices can adjust around distributions, and future declaration dates or amounts can change. The most useful approach is to separate the declaration, ex-dividend, record, and payment dates rather than treating any one of them as an investing signal.
The table above records reported ex-dividend events; it does not guess the other dates. Before acting on a future payment, check J.P. Morgan's current fund material or distribution notice. The site's general dividend calendar covers individual stocks, not JEPQ, so it is not used as the verification source here.
Taxes are decided by the year-end classification
It is tempting to label every cash payment from an ETF a dividend. Tax reporting is less tidy. The eventual 1099-DIV classification, rather than a screen's headline yield, determines how a taxable-account distribution is reported. That is especially worth remembering for an option-income strategy. The distinction between qualified and ordinary income is explained in How Dividends Are Taxed; an investor's own tax situation still needs professional advice.
The trade-off behind the strategy is also worth stating plainly. Writing calls can create income and may reduce some participation in rallies, but it can also mean giving up part of an underlying stock market advance while retaining downside risk if stocks fall. J.P. Morgan presents lower volatility and distributable income as objectives, not guarantees. That is why this page reports the data and structure without treating a monthly payment as proof of safety.
Performance questions need the right return series
JEPQ launched on May 3, 2022. It therefore has no five-year or ten-year live track record yet, and a “10-year JEPQ return” cannot be calculated from actual fund performance. A benchmark's older history is not a substitute for the fund's own record because the options overlay, expenses, and portfolio construction are part of the result.
Price return measures only the change in the share price. Total return assumes cash distributions are reinvested and is the fairer series for comparing an income fund with another investment. Even then, NAV return and market-price return can differ, and neither says what a particular investor kept after tax. J.P. Morgan's fact sheet reports standardized returns and identifies which series is being shown.
JEPQ dividend questions, answered directly
- Does JEPQ pay monthly?
- The fund seeks a monthly income stream and has paid monthly distributions, but neither the amount nor a future payment is guaranteed.
- Are JEPQ distributions qualified dividends?
- Do not assume the full payment is qualified. Stock dividends and option-related income can receive different treatment, and the broker's final Form 1099-DIV supplies the taxable classification for the year.
- Where can the next ex-date and payment date be verified?
- Use the sponsor's current distribution material. Historical timing is a useful pattern, but it is not a declaration of the next distribution.
- Does this page show every holding?
- No. It shows the reported top set. Use the sponsor's latest holdings file or fact sheet for the official portfolio disclosure.
Official sources: JEPQ fact sheet and J.P. Morgan's fund directory. Holdings, prices, and distribution figures above come from this site's daily fund snapshot and may lag the sponsor's reports.
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