JPMorgan Equity Premium Income I

JPMorgan Equity Premium Income Fund Class I (JEPIX) is an actively managed open-end mutual fund launched on August 31, 2018, and managed by J.P. Morgan Investment Management Inc., a division of J.P. Morgan Asset Management headquartered in New York, NY. The fund seeks to deliver current income while maintaining prospects for capital appreciation by combining a defensive portfolio of U.S. large-cap equities drawn primarily from the S&P 500 universe with a disciplined options overlay strategy that sells out-of-the-money S&P 500 Index call options through equity-linked notes (ELNs). With approximately $6.3 billion in total net assets, the fund targets institutional investors with a minimum initial investment of $1 million, distributing monthly income that has yielded approximately 8% annually, with a net expense ratio of 0.59%. Categorized under Morningstar's Derivative Income category with a Large Value investment style, JEPIX has delivered an annualized total return of approximately 7.96% since inception, with notably lower volatility than the broader market, reflected in a 5-year beta of 0.57.