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Tech sector income through covered calls
📌 Table of Contents
✅ ETF Overview
🧠 Strategy & Structure
💼 Top Holdings
📈 Performance & Yield
🔍 Pros & Cons
✅ Conclusion
✅ 1. ETF Overview
- Name: JPMorgan Nasdaq Equity Premium Income ETF
- Ticker: JEPQ
- Inception: May 2022
- Expense Ratio: 0.35%
- Dividend: Monthly (High yield)
- Issuer: J.P. Morgan Asset Management
🧠 2. Strategy & Structure
- Invests in large-cap Nasdaq-listed stocks
- Uses ELNs (Equity-Linked Notes) to implement covered call strategy
- Objective: Generate consistent monthly income while maintaining equity exposure to tech growth stocks
💼 3. Top Holdings (2025)
CompanyWeight (%)
| Microsoft | 10.1% |
| Apple | 9.7% |
| Nvidia | 9.2% |
| Amazon | 8.6% |
| Meta Platforms | 7.8% |
📈 4. Performance & Yield
MetricValue
| AUM | ~$9.8 billion |
| SEC 30-Day Yield | ~11.2% |
| 1Y Return | ~14% |
| Holdings | ~100 stocks |
🔍 5. Pros & Cons
✅ Pros
- High monthly income (~11% yield)
- Tech exposure with reduced downside
- Lower volatility than Nasdaq 100
❌ Cons
- Limited upside in bull markets due to call caps
- Covered call strategy may lag during sharp rallies
- Dividend not guaranteed and can fluctuate
✅ Conclusion
JEPQ is ideal for income-focused investors who want exposure to growth tech stocks with reduced volatility.
Great for conservative investors in search of monthly income from Nasdaq giants.
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