Speak Your Ebook: The Largest Energetic ETF

• JEPI’s relative outperformance in early 2026 and the position of lively inventory choice

• Why writing choices on the index degree avoids capping good points on winners

• The case for prioritizing complete return over headline yield

• How advisors are using these merchandise throughout completely different portfolio constructions

• JOYT’s strategy to reinvesting choices premiums somewhat than distributing them as earnings

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Buyers ought to fastidiously think about the funding goals and dangers in addition to expenses and bills of a mutual fund or ETF earlier than investing. The prospectus accommodates this and different details about the mutual fund and ETF. Learn fastidiously earlier than investing. To acquire a prospectus for mutual funds, name 1-800-480-4111; for ETFs, name 1-844-4JPM-ETF.

This communication has been ready for info functions solely and isn’t meant to supply, and shouldn’t be relied on for, accounting, authorized or tax recommendation or funding suggestions Buyers ought to seek the advice of their very own tax advisors concerning the tax penalties of an funding in an ETF.

JPMorgan paid for participation within the manufacturing of this podcast

The worth of fairness securities might fluctuate quickly or unpredictably as a consequence of elements affecting particular person firms, in addition to modifications in financial or political circumstances. These value actions might lead to lack of your funding.

JEPI and JEPQ: Investments in Fairness-Linked Notes (ELNs) are topic to liquidity danger, which can make ELNs tough to promote and worth. Lack of liquidity may trigger the worth of the ELN to say no. Since ELNs are in notice kind, they’re topic to sure debt securities dangers, comparable to credit score or counterparty danger. Ought to the costs of the underlying devices transfer in an surprising method, the Fund might not obtain the anticipated advantages of an funding in an ELN, and will understand losses, which may very well be vital and will embody the Fund’s complete principal funding.

ROCY and ROCQ: Yield represents annualized fund distributions, which can be taxed as certified or bizarre dividends, capital good points, or return of capital. The funds’ funding methods search to generate return of capital distributions, however no assurance might be given. In sure market environments, primarily all distributions may very well be taxable to an investor as bizarre dividend earnings. Quantities paid in extra of an ETF’s present and accrued earnings are handled for tax functions first as a tax-free return of capital till an investor’s value foundation is lowered to zero; additional quantities are taxed as capital good points. Return of capital is not taxed when acquired however lowers an investor’s foundation, which may enhance future taxes (or cut back losses) while you promote. Any distribution reduces the Fund’s NAV. Return of capital (ROC), which isn’t assured, refers back to the portion of a distribution from an funding that’s not thought-about taxable earnings, as a result of, for tax functions, it’s handled as a return of a part of the unique funding. ROC distributions are usually not taxed at the moment; nonetheless, they are going to typically decrease an investor’s adjusted foundation in an funding. By decreasing foundation, such distributions will in the end lead to a proportionately greater capital achieve (or a smaller capital loss) when the investor sells the shares. Some traders would possibly favor the flexibility to delay taxes. ROC distributions in extra of an investor’s tax foundation within the funding will typically be handled for tax functions as capital achieve. 

ROCY, ROCQ, and JOYT: Promoting name choices brings in upfront money and might decrease danger, however it caps upside if shares rise. Shopping for name choices dangers shedding the premium in the event that they expire nugatory. In uncommon or illiquid markets, these methods might not work as meant, might not cut back volatility as hoped, and may end up in losses.

JEPQ and ROCQ: Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered logos of Nasdaq, Inc. (which with its associates is known as the “Companies”) and are licensed to be used by J.P. Morgan Funding Administration Inc. JPMorgan Nasdaq Fairness Premium Earnings ETF (the “Fund”) has not been handed on by the Companies as to its legality or suitability. The Fund shouldn’t be issued, endorsed, bought, or promoted by the Companies. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

JPMorgan Distribution Providers, Inc.; member FINRA