"The JPMorgan Equity Premium Income ETF is managed by the highly experienced and professional managers at JPMorgan. It is one of the many monthly dividend ETFs with a juicy yield of 8.25%. It is an actively managed fund that employs a two-step strategy. It invests in stocks using a bottom-up fundamental research process and ranks stocks based on volatility, risk/return profile, and value. The fund manager identifies the top stocks and invests in them. For the second part of the strategy, it uses an options overlay to sell out-of-money call options on the S&P 500 index. The premium generated through the call options allows JEPI to maintain a high yield."
"Instead of directly writing call options, the fund manager buys equity-linked notes that offer exposure to a profit on these options. It has the highest allocation in information technology (15.8%), healthcare (12.3%), and industrials (11.7%). Its top 10 holdings include Alphabet, Johnson & Johnson, AbbVie, Amazon, Apple, and Microsoft. JEPI has the right mix of growth and income stocks. JEPI pays monthly dividends and recently announced a dividend of $0.370. The ETF has an expense ratio of 0.35%, which means you pay $35 for an investment of $10,000."
JEPI is an actively managed monthly dividend ETF yielding 8.25% that combines bottom-up stock selection with an options-overlay strategy implemented via equity-linked notes to generate income. The fund emphasizes information technology, healthcare, and industrials and holds top names such as Alphabet, Johnson & Johnson, AbbVie, Amazon, Apple, and Microsoft. JEPI pays monthly dividends, recently announced $0.370, and charges a 0.35% expense ratio. SPHD yields 3.65%. SDIV is cited as another monthly-income ETF option. These ETFs provide different yield and risk characteristics suited for retired and income-focused investors seeking regular payouts.
Read at 24/7 Wall St.
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