JEPY
The S&P 500 Enhanced Options Income ETF
Distribution Rate *
72.04%
As of 08/30/2024
Distribution Frequency
Monthly
30-Day SEC Yield **
3.91%
As of 08/31/2024
JEPY, the first put-write ETF on the S&P 500 using daily options to seek enhanced yield for investors. Paid Monthly.
JEPY aims to achieve consistent 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.
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.
There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.
Fund Details
Data as of 09/18/2024
Net Assets
$95.69M
Premium/discount
0.10%
NAV
$43.50
Closing Price
$43.54
Shares Outstanding
2,199,979
Median 30 Day Spread
0.21%
Fund inception
09/18/23
Ticker
JEPY
Primary Exchange
NYSE
CUSIP
88636J147
Fund Holdings
7
NAV Symbol
JEPY.NV
Expense Ratio
0.99%
30 Day SEC Yield*
3.91%
* Yield as of 08/31/2024
JEPYMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 9.15% | 0.73% | 3.91% | 6.08% | xx.xx% | xx.xx% | xx.xx% | 15.31% |
| Market Price (%) | 6.30% | 0.85% | 1.32% | 3.40% | xx.xx% | xx.xx% | xx.xx% | 12.48% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 8.36% | -0.44% | 6.56% | 7.53% | xx.xx% | xx.xx% | xx.xx% | 14.47% |
| Market Price (%) | 5.40% | -2.84% | 3.70% | 4.76% | xx.xx% | xx.xx% | xx.xx% | 11.53% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 8.84% | 3.61% | 3.98% | 8.84% | xx.xx% | xx.xx% | xx.xx% | 14.98% |
| Market Price (%) | 8.48% | 3.40% | 3.97% | 8.48% | xx.xx% | xx.xx% | xx.xx% | 14.80% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 5.04% | 3.30% | 2.08% | 8.55% | xx.xx% | xx.xx% | xx.xx% | 10.97% |
| Market Price (%) | 4.91% | 3.22% | 2.05% | 8.47% | xx.xx% | xx.xx% | xx.xx% | 11.02% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 1.68% | -2.85% | 0.90% | 10.53% | xx.xx% | xx.xx% | xx.xx% | 7.42% |
| Market Price (%) | 1.64% | -2.59% | 1.02% | 10.45% | xx.xx% | xx.xx% | xx.xx% | 7.55% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 4.67% | 1.72% | 4.67% | 12.98% | xx.xx% | xx.xx% | xx.xx% | 10.57% |
| Market Price (%) | 4.34% | 1.50% | 4.34% | 12.21% | xx.xx% | xx.xx% | xx.xx% | 10.42% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 2.90% | 2.11% | 6.33% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 8.70% |
| Market Price (%) | 2.80% | 2.18% | 6.29% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 8.79% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | 0.77% | 0.77% | 9.54% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 6.46% |
| Market Price (%) | 0.61% | 0.61% | 9.33% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 6.47% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 3.34% | 7.94% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 5.64% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 5.18% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 2.23% |
| Market Price (%) | xx.xx% | 5.10% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 2.35% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -0.70% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -2.81% |
| Market Price (%) | xx.xx% | -1.04% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -2.62% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -2.13% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -1.60% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| 2023 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
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.
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| United States Treasury Note/bond 3.875% 01/15/2026 | 91282CGE5 | $100.13 | 29.96% | 28,807,000 | $28,843,571 |
| United States Treasury Note/bond 3% 07/15/2025 | 91282CEY3 | $99.16 | 29.87% | 28,993,000 | $28,750,668 |
| United States Treasury Note/bond 0.75% 11/15/2024 | 91282CDH1 | $99.39 | 29.62% | 28,693,000 | $28,517,551 |
| United States Treasury Note/bond 2.625% 04/15/2025 | 91282CEH0 | $99.07 | 6.11% | 5,941,000 | $5,885,677 |
| Cash & Other | Cash&Other | $1.00 | 4.42% | 4,258,785 | $4,258,785 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 0.41% | 391,122 | $391,122 |
| Spx 09/20/2024 5724.5 P | 4SPX 240920P05724500 | $21.71 | -0.40% | -176 | $-382,096 |
Data as of 09/20/2024. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
| Download Fund Documents |
|---|
Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 9/29/2023 | 10/2/2023 | 10/3/2023 | 10/5/2023 | $0.90 | |
| 10/31/2023 | 11/1/2023 | 11/2/2023 | 11/6/2023 | $0.91 | |
| 11/30/2023 | 12/1/2023 | 12/4/2023 | 12/6/2023 | $0.65 | |
| 12/27/2023 | 12/28/2023 | 12/29/2023 | 1/4/2024 | $0.50 | |
| 1/31/2024 | 2/1/2024 | 2/2/2024 | 2/6/2024 | $0.58 | |
| 2/29/204 | 3/1/2024 | 3/4/2024 | 3/6/2024 | $0.60 | |
| 3/28/2024 | 4/1/2024 | 4/2/2024 | 4/4/2024 | $0.55 | |
| 4/30/2024 | 5/1/2024 | 5/2/2024 | 5/6/2024 | 0.7614 | |
| 5/31/2024 | 6/3/2024 | 6/3/2024 | 6/5/2024 | $0.5532 | |
| 6/28/2024 | 7/1/2024 | 7/1/2024 | 7/3/2024 | $0.4619 | |
| 7/30/2024 | 7/31/2024 | 7/31/2024 | 8/2/2024 | $0.5582 | |
| 8/30/2024 | 9/3/2024 | 9/3/2024 | 9/5/2024 | $2.7568 | |
| 9/30/2024 | 10/1/2024 | 10/1/2024 | 10/3/2024 | $x | |
| 10/31/2024 | 11/1/2024 | 11/1/2024 | 11/4/2024 | $x | |
| 11/29/2024 | 12/2/2024 | 12/2/2024 | 12/4/2024 | $x | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/5/2025 | $x |
| Distribution Rate *
As of 08/30/2024 |
72.04% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of 08/31/2024 |
3.91% |