JEPY
The S&P 500 Enhanced Option Income ETF
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As of 9/18/2023
Distribution Yield *
-.–%
Distribution Frequency
Monthly
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
NAV Symbol
JEPY.NV
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.
Top Holdings
| 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 | $24.05 | -0.55% | -9 | -21,645 |
Data as of 09/22/2023. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
| Download Fund Documents |
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Distribution
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 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 | -% |
