J.P. Morgan Asset Management Unveils New JPMorgan Equity and Options ETF (JOYT)
JPMorgan (NYSE:JPM) has launched the JPMorgan Equity and Options ETF (JOYT) on the Cboe BZX Exchange, expanding its Equity Premium Income Suite. The new ETF aims to deliver total returns through a combination of dividends, options premium, and capital appreciation, with reduced volatility compared to the broad U.S. large-cap market.
The fund will be managed by Hamilton Reiner, who currently oversees $370 billion as CIO of Core Equity and Head of U.S. Derivatives. JOYT complements existing products JEPI and JEPQ, targeting investors focused on total return rather than income. The ETF is priced at 35 basis points, matching the fees of its sister funds.
JPMorgan (NYSE:JPM) ha introdotto il JPMorgan Equity and Options ETF (JOYT) sulla Cboe BZX Exchange, ampliando la sua Equity Premium Income Suite. Il nuovo ETF punta a generare rendimenti totali combinando dividendi, premi da opzioni e apprezzamento del capitale, con una volatilit脿 inferiore rispetto al mercato statunitense large-cap.
Il fondo sar脿 gestito da Hamilton Reiner, attualmente CIO di Core Equity e Head of U.S. Derivatives con responsabilit脿 su 370 miliardi di dollari. JOYT si affianca ai prodotti esistenti JEPI e JEPQ e si rivolge a investitori orientati al rendimento totale piuttosto che al solo reddito. Il costo 猫 di 35 punti base, in linea con le commissioni dei fondi collegati.
JPMorgan (NYSE:JPM) ha lanzado el JPMorgan Equity and Options ETF (JOYT) en la Cboe BZX Exchange, ampliando su Equity Premium Income Suite. El nuevo ETF busca ofrecer retornos totales mediante una combinaci贸n de dividendos, primas de opciones y apreciaci贸n de capital, con menor volatilidad respecto al mercado estadounidense de gran capitalizaci贸n.
El fondo estar谩 gestionado por Hamilton Reiner, quien actualmente supervisa 370.000 millones de d贸lares como CIO de Core Equity y Head of U.S. Derivatives. JOYT complementa a JEPI y JEPQ, orient谩ndose a inversores enfocados en el retorno total m谩s que en la renta. La comisi贸n es de 35 puntos b谩sicos, igualando las tarifas de sus fondos hermanos.
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JPMorgan (NYSE:JPM) a lanc茅 le JPMorgan Equity and Options ETF (JOYT) sur la Cboe BZX Exchange, enrichissant sa Equity Premium Income Suite. Le nouvel ETF vise 脿 g茅n茅rer des rendements totaux gr芒ce 脿 une combinaison de dividendes, de primes d'options et d'appr茅ciation du capital, avec une volatilit茅 r茅duite par rapport au march茅 US des large caps.
Le fonds sera g茅r茅 par Hamilton Reiner, qui supervise actuellement 370 milliards de dollars en tant que CIO de Core Equity et responsable des d茅riv茅s US. JOYT compl猫te les produits existants JEPI et JEPQ et s'adresse aux investisseurs privil茅gient le rendement total plut么t que le seul revenu. Les frais sont de 35 points de base, identiques 脿 ceux des fonds affili茅s.
JPMorgan (NYSE:JPM) hat den JPMorgan Equity and Options ETF (JOYT) an der Cboe BZX Exchange aufgelegt und damit seine Equity Premium Income Suite erweitert. Der neue ETF zielt darauf ab, Gesamtertr盲ge durch eine Kombination aus Dividenden, Optionspr盲mien und Kursgewinnen zu erzielen und dabei eine geringere Volatilit盲t als der breite US-Large-Cap-Markt aufzuweisen.
Der Fonds wird von Hamilton Reiner verwaltet, der als CIO von Core Equity und Leiter der US-Derivate derzeit 370 Milliarden Dollar betreut. JOYT erg盲nzt die bestehenden Produkte JEPI und JEPQ und richtet sich an Anleger, die Wert auf Gesamtrendite statt reines Einkommen legen. Die Geb眉hr betr盲gt 35 Basispunkte, damit entspricht sie den Geb眉hren der Schwesterfonds.
- Expands JPMorgan's successful Equity Premium Income Suite with a new total return focused product
- Managed by experienced team with over 60 years combined experience
- Competitive pricing at 35 basis points, aligned with existing products
- Offers reduced volatility and beta compared to broad U.S. large-cap market
- None.
Insights
J.P. Morgan launches JOYT ETF targeting total return rather than income, expanding its successful options-based ETF lineup.
J.P. Morgan Asset Management has strategically expanded its options-based ETF suite with the launch of JOYT, creating a complete ecosystem of related products. Unlike its popular siblings JEPI and JEPQ which focus primarily on income distribution, JOYT is specifically engineered for total return by reinvesting options premium rather than distributing it as income.
The fund employs the same core architecture as its predecessors鈥攃ombining equity exposure with options strategies鈥攂ut with a crucial philosophical difference in how it handles the premium income. This positions JOYT as complementary rather than competitive within J.P. Morgan's product lineup, allowing advisors to precisely match client objectives across the income-growth spectrum.
Particularly noteworthy is the continuity in management, with Hamilton Reiner leading the portfolio team. His oversight of
The expansion demonstrates J.P. Morgan's commitment to capitalizing on the extraordinary success of JEPI, which has attracted massive inflows in the options-based ETF category. By creating purpose-built variations rather than diluting the original product's focus, J.P. Morgan is executing a sophisticated product segmentation strategy that should strengthen its competitive position in the active ETF landscape.
Fund expands the firm's category-leading Equity Premium Income Suite
The fund will integrate dividends, options premium, and capital appreciation in a strategy designed to deliver robust returns with reduced volatility and beta compared to the broad
"JOYT reflects our commitment to providing cutting-edge active ETFs that address the diverse needs of our clients," said Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management. "This addition offers investors a sophisticated approach to seeking diversified sources of total return beyond market appreciation."
Led by Hamilton Reiner, manager of JEPI and JEPQ, the portfolio management team brings over 60 years of combined experience. Reiner oversees more than
"JOYT supercharges our suite of options-based strategies, standing as a dynamic counterpart to JEPI and JEPQ," explained Hamilton Reiner. "JOYT is the go-to choice for those who have used or are exploring JEPI and JEPQ but are less income focused and more total return oriented."
The fund is priced competitively at 35 basis points, consistent with JEPI and JEPQ.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of聽
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:聽) is a leading financial services firm based in聽the
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at聽https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
There is no guarantee, obligation or assurance that any investors will maintain any specific level of investment in the Fund, and such investors have the ability to withdraw their investment at any point in time like any other shareholder of a mutual fund or ETF.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management
Related Links:聽http://www.jpmorganchase.com
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