The S&P 500 Enhanced Option Income ETF

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As of 9/18/2023
Distribution Yield *
Distribution Frequency
30-Day SEC Yield **

JEPY, the first put-write ETF on the S&P 500 using daily options (0DTE) to seek enhanced income for investors. Paid Monthly.

JEPY aims to achieve consistent and outsized monthly yield distributions for investors coupled with equity market exposure to the S&P 500. JEPY is an actively managed exchange-traded fund (“ETF”) that seeks enhanced income, constructed of treasuries and S&P 500 index options. The strategy’s objective is to generate outsized monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts with 0DTE.

Investment Objective

The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the performance of the S&P 500 Index (the “Index”) subject to a limit on potential investment gains.

Fund Data and Pricing

Net Assets $2.93M
Premium/discount 0.16%
NAV $19.56
Closing Price $19.59
Shares Outstanding 150,000
Median 30 Day Spread 0.10%
Data as of 09/21/2023

Fund Details

Fund inception 09/18/23
Ticker JEPY
Primary Exchange NYSE
CUSIP 88636J832
Fund Holdings 2
Expense Ratio 0.99%
30 Day SEC Yield*
* Yield as of —

JEPYMarket Price

No records found
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 833.333.9383. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Name Symbol Stock price % Net assets Shares Held Market Value
Cash & Other Cash&Other $1.00 100.47% 3,930,026 3,930,026
Spxw Us 09/22/23 P4340 SPXW 230922P04340000 $24.05 -0.55% -9 -21,645
Data as of 09/22/2023. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
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Summary Prospectus


Declaration Date Record Date Ex-Div Date Payable Date Amount ($)
9/29/2023 10/3/2023 10/2/2023 10/5/2023 $x
10/31/2023 11/2/2023 11/1/2023 11/6/2023 $x
11/30/2023 12/4/2023 12/1/2023 12/6/2023 $x
12/27/2023 12/29/2023 12/28/2023 1/4/2023 $x
Distribution information
as of 09/18/2023
Distribution Frequency Monthly
12 Month Trailing Yield -%
Distribution Amount / Share ($)
30-Day SEC Yield -%