If JEPI could actually deliver on its recent yield and returns, then it would truly be a world-beater blue-chip addition to our portfolio. Sign up to receive the latest updates from U.S. News & World Report and our trusted partners and sponsors. With that, clients are still desperately seeking income, and particularly in ways that do not mean taking on too much volatility or too little liquidity. Even a 6.5% yield over time, as management is guiding for, still sounds great. The JPMorgan Equity Premium Income ETF (JEPI) is one of the most popular income ETFs in the market today, and with good reason. How impressive is that? It's averaged a yield of 9.3% during this time. Since its inception, JPMorgan estimates the average investor, net of fees and taxes, made 18% compared to 25% pre-tax returns. But while JEPI's returns and income since its mid-2020 inception have been stellar, anyone who thinks this 12% yielding monthly ETF is the solution to their rich retirement dreams is likely to be disappointed. BqP\+ JEPQ is an actively-managed fund, so security selection and weights are a discretionary investment decision. Bs\+4 You might think this is a growth version of JEPI, and several DK members have told me they own it under this precise thesis. JEPQ's dividend yield should rise to match its SEC yield in the coming months, as more dividend payments get made. Looking for stock dividends of 9% to 11%? JEPI's lower-risk holdings should be particularly beneficial for retirees, for obvious reasons. JEPI seeks to deliver a significant portion of the returns associated with the S&P 500 Index with less volatility, in addition to monthly income. Subscriber Agreement & Terms of Use | ETF of the Week: JPMorgan Equity Premium Income ETF Evan Harp Jan 12, 2023 VettaFi's vice chairman Tom Lydon discussed the JPMorgan Equity Premium Income ETF ( JEPI A ) on this week's "ETF of the Week" podcast with Chuck Jaffe of Money Life. JEPI has a . Morningstar's analysts expect about 12.6% long-term returns from JEPI, and if you add the 5% historical outperformance of JEPIX over XYLD, you get around 11% to 12% potential returns. JPMorgan Equity Premium Income ETF + Add to watchlist JEPI:PCQ:USD Actions Price (USD) 52.13 Today's Change -0.71 / -1.34% Shares traded 6.15m 1 Year change -11.42% Data delayed at least 15. Bs\+4k(Bm+n ~G Cookie Notice (). BqP\+ BmP[+ But one of the most impressive things about JEPI isn't just the low volatility, and ultra-yield, but how steady its dividends have been. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sure, though that's a bit speculative. Possibly. Intraday Data provided by FACTSET and subject to terms of use. I have no business relationship with any company whose stock is mentioned in this article. The views and strategies described may not be suitable for all investors. JPMorgan Equity Premium Income Active ETF (Managed Fund) | J.P. Morgan Asset Management Terms and Conditions Table of Contents Important Note Acceptance of the Terms of Use, Amendments and Additional Terms Issuer of Website Authorised Users, Authorised Use and Online Account Access Prohibited Uses, Means of Access and Password Protected Areas 0.4%. % J.P. Morgan Asset Management isnt responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name. Who wouldn't want a 5% yield and 13% long-term return while enjoying: (Source: Portfolio Visualizer Premium, Charlie Bilello, Ycharts). stream View daily, weekly or monthly format back to when JPMorgan Equity Premium Income ETF stock was issued. Heres how it works: We use fundamental bottom-up research to build a higher-quality, lower-beta portfolio of U.S. large cap equities with less volatile earnings and share prices. JEPI isn't necessarily a great alternative to other kinds of diversified portfolios like a 60/40 or ZEUS: This is why I (and some other analysts) consider JEPI the gold standard of covered call ETFs, not necessarily the portfolio itself which is 80% to 85% blue-chips, but 80% to 85% of the income could potentially collapse in another financial crisis, JEPI's management says to expect 5% to 8% long-term yields, a post-tax yield of closer to 6% for investors in the top tax bracket, and management guidance for post-tax 2.5% to 4% yields, the top income tax bracket saw 8% returns over the last year and 12% since inception, reinvesting 50% of the dividends into more JEPI shares would have kept your principal whole, in the event of another financial crisis, JEPI's income could blow up, 80% to 85% of JEPI's dividends are taxed as ordinary income, ignoring taxes in our taxable account and at the top tax bracket, we only add a stock that improves the portfolio's overall fundamentals, JEPI management guidance is for 20% lower returns than the S&P, We'd have to own it in our hedging bucket, but our goal is to only own hedges that go up in down markets, not just fall 35% less than the market. > Standard & Poor's 500 . Is it worth considering for your portfolio? The Fund seeks current income while maintaining prospects for capital appreciation. Covered call ETFs generally perform best in volatile sideways markets, and don't tend to lose as much when we see a bear market. 1 Month 3 Months YTD. Check out what our members have to say about our service. Fund data provided by Xignite and Morningstar. The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund's primary benchmark, the. As more Americans receive their vaccines, spending could soon be on the rise. As such, I would choose these funds over JEPQ as well. JPMorgan (JPM) recently launched a similar fund, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ). What if I told you this opportunity wasn't just one company, but an actively managed ETF from JPMorgan, run by a manager with 36 years of experience? Gear advertisements and other marketing efforts towards your interests. If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance. The highlight of the industry has been the JPMorgan Equity Premium Income ETF (JEPI) , whose yield topped 11% as the fund's strategy of using dividend stocks and selling call options paid off when . JPMorgan Ultra-Short Income ETF invests mainly in investment-grade, U.S. dollar-denominated fixed, variable and floating-rate debt. Investors should look beyond index funds to more tactical options. No, it's not. Close 52.51 Day's Range 52.22 - 53.12 ROI (TTM) - Price Open 52.30 52 wk Range 49.92 - 62.6 Dividends (TTM) 4.9338. Create a list of the investments you want to track. Diversified Telecommunication Services. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. First, it uses equity-linked notes, or ELNs, instead of standard covered call writing. Todays income investors face a tough choice hold cash and core bonds paying low rates or extend into higher-yielding markets with more risk and less liquidity. JEPI was one of the most popular ETFs of 2022, bringing in record inflows for an actively-managed ETF of nearly $13 billion. Telephone calls and electronic communications may be monitored and/or recorded. This website is a general communication being provided for informational purposes only. I have no business relationship with any company whose stock is mentioned in this article. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. First J.P. Morgan ETF utilizing NYSE Active Proxy Model. Financiamiento. The strategy combines equities with options to strike a balance among yield, capital growth and risk. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. <> The Commingled Pension Trust Funds of JPMorgan Chase Bank N.A. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Please disable your ad-blocker and refresh. 5 0 obj INFORMATION FOR ALL SITE USERS: J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. JPMORGAN EQUITY PREMIUM INCOME I Data, charts, historical data, comparisons and more at Zacks Advisor Tools. I'm not as impressed with JEPQ as I am with JEPI because it muddles its strategy resulting in higher volatility, bigger declines, and lower income. Since ELNs are in note form, they are subject to certain debt securities risks, such as credit or counterparty risk. In my opinion, JEPI's lower-risk holdings and stronger performance track-record make it a stronger investment opportunity than JEPQ. From covering other funds, I can say that JEPQ's holdings, strategy, and expected performance are quite similar to several other Nasdaq-100 covered call funds out there. JPMorgan Equity Premium Income ETF, which ranks as the world's second-largest actively managed exchange-traded fund despite being less than 3 years old, had its best week for net inflows last week . Mastercard Incorporated - Ordinary Shares - Class A MA, United Parcel Service, Inc. - Ordinary Shares - Class B UPS. JEPI is a strong fund with many benefits and few significant drawbacks, perfect for income investors and retirees. Heres Why. JEPQ's trailing-twelve months yield is much lower, at 9.0%, as the fund is quite new, and has not paid dividends for an entire year. under a declaration of trust. The astronomical growth of the JPMorgan Equity Premium Income ETF (JEPI)pulling in nearly $5 billion this year as investors pile into active exchange-traded funds in an effort to beat the . Shell inherit $80 million. The fact that it's been able to deliver rising annual income for two consecutive years in booming, crashing, and sideways markets, is impressive. Bs\+4gTmn[V7?iYVhon[Vmn[Vmn[VmZVhkZVhkM Last Updated: Mar 8, 2023 4:50 p.m. EST Delayed quote $ 53.50 0.00 0.00%. NEW YORK, March 8, 2023 - J.P. Morgan Asset Management today announced the launch of the JPMorgan Active Small Cap Value ETF (JPSV), an actively managed small cap ETF that seeks to outperform the Russell 2000 Value Index. JEPQ is an actively managed fund that owns similar stocks to the Nasdaq 100, but it's a slightly different portfolio. View the basic JEPI option chain and compare options of JPMorgan Equity Premium Income ETF on Yahoo Finance. Maximize your income with the worlds highest-quality dividend investments. Fondos. And all this is for an expense ratio that's as low as the institutional fund with a $15 million minimum investment. 2 min read This article was originally published on ETFTrends.com. Click here for a two-week free trial, so we can help you achieve better long-term total returns and your financial dreams. As far as covered call ETFs go, yes. I am not receiving compensation for it (other than from Seeking Alpha). JPMORGAN EQUITY PREMIUM INCOME ETF ETFs | Markets Insider Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News JPMorgan Equity Premium Income ETF ETF , JEPI 52.13. Copyright 2023 Morningstar, Inc. All rights reserved. And thus far, it's performed better than even JPMorgan expected. Bs\+4 During the Pandemic crash, JEPIX didn't do much better than the S&P, because it was such a quick collapse and there wasn't time for monthly yield to cushion the blow. It's a diversified, generally low-volatility portfolio that yields about 2% right now. If you have an ad-blocker enabled you may be blocked from proceeding. 4.2% to 7.0% for the average American investor in the 28% tax bracket. Management's goal is to deliver around 8% to 9% annual returns, including dividends, with about 37% lower volatility than the S&P. And when the market fell 9% in December 2018, JEPIX fell 6.72%, or 7%, slightly worse than management expected. Probably not. The most popular ETF that includes covered call writing among its multiple strategies is the JPMorgan Equity Premium Income ETF (JEPI). JPMorgan has a growth-focused covered call ETF called JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) that yields 9% and also pays monthly dividends. Management strives for 35% lower volatility than the market, and JEPIX delivered 30% less volatility. JEPI RISK SUMMARY:The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting individual companies, as well as changes in economic or political conditions. I wrote this article myself, and it expresses my own opinions. Despite inflation accelerating recently, many view the pick-up as transitory, which has kept interest rates staunchly low. If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance. When the market fell 9% in April, JEPI fell less than 4%. My family is dealing with a significant shock: My father secretly married his caregiver, who is 40 years his junior. Theoretically, JEPI offers a great way to do just that. I am not receiving compensation for it (other than from Seeking Alpha). Develop and improve features of our offerings. Security selection and weights are partly dependent on a proprietary investment methodology, and so the fund does not necessarily track the Nasdaq-100 index. What evidence do we have that JEPI's management guidance is likely to be closer to 8% than 13%? a portfolio that's likely to pay for my sister's kids to go to college, and help boost my Uncle's charitable donations into the tens of millions. Sustainable Summary. JPMorgan Equity Premium Income ETF. The stock has a market cap of $18.81 billion, a PE ratio of 21.55 and a beta of 0.64. JEPI owns 111 companies, some of the best blue-chips on earth. Currently, JEPQ's holdings do not significantly differ from those of QYLD, and what differences exist do not seem reflective of any obvious investment strategy, to me at least. Over the past 15 years, the market has averaged about 8% ELN income premiums, including four bear markets and two crashes. This seems interesting, they are aiming to provide a monthly income by owning Options, REIT's and mostly SP500 Companies. If you understand JEPI's pros and cons, potential, and risks, it can be a great addition to a conservative high-yield income portfolio. Bm+t Sure they got a lot of cash, but to keep their principle flat adjusted for inflation, they would have had to reinvest basically all the dividends. Why was JEPI the 8th most popular ETF for new inflows in 2022? I have $8,000 in debt. Simply put, JEPI is the best-covered call ETF I've ever seen, and I'm not the only one who thinks that. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Absolutely not. 15% to 20% of JEPI's portfolio is ELNs that makeup almost all of its income, which is what it pays out as monthly dividends. The summary and full prospectuses contain this and other information about the mutual fund or ETF and should be read carefully before investing. This means owning it in a tax-deferred retirement account is optimal. CEF/ETF income and arbitrage strategies, 8%+ portfolio yields. If you took your JEPIX dividends in cash and not reinvested them, you've lost money over the last 2.5 years. (Source: DK Research Terminal, FactSet, Morningstar). BqP\+ JEPQ is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. Approach Generates income through a combination of selling options and investing in U.S. large cap stocks, seeking to deliver a monthly income stream from associated option premiums and stock dividends It does invest in all relevant mega-cap tech stocks, including Apple (AAPL) and Microsoft (MSFT), leading to outsized tech exposure. JPMorgan has a growth-focused covered call ETF called JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ) that yields 9% and also pays monthly dividends. Formacin. These low-cost, diversified funds are worth a look for retirement investors. If you don't reinvest a significant portion of those dividends, your initial investment will lose money over time. He focuses on dividend, bond, and income funds, with a strong focus on ETFs, and enjoys researching strategies for income investors to increase their returns while lowering risk. Income remains in high demand, but short supply We're faced with a unique time where income has rarely been so scarce. Defined outcome funds can help reduce risk in your investing portfolio. By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy. BqPK+ Although JEPQ is a reasonable investment opportunity, there are several similar, but slightly stronger choices out there, including JEPI and QYLD. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. B-PK+ Management is guiding for 8% long-term returns; since inception, JEPIX has delivered 8% returns. JEPI would still be a potentially solid addition, BUT the 0.7% yield boost falls to 0.2%, and for that, my family would have to give up 0.4% long-term return potential. INFORMATION FOR ALL SITE USERS: J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. 9.3% average yield and a peak decline half that of the stock market? And what I found has important implications for any retiree hoping JEPI is the answer to their rich retirement dreams. An equity-linked note (ELN) is an investment product that combines a fixed-income investment with additional potential returns tied to equities' performance. Intraday data delayed at least 15 minutes or per exchange requirements. JPMorgan Equity Premium Income ETF ( JEPI) Add to Watchlist 52.51 -0.32 (-0.61%) Mar 15, 2023, 4:00 PM EST - Market closed Overview Holdings Dividends Chart JEPI Holdings Information JEPI has a total of 133 holdings and holds stocks from the United States that are in the S&P 500 index. 5.3X the income of the S&P with better returns and far lower volatility? 4@-l@o-[@o-[@o-[@o-[@o-[ u@-l4@o-[@o-[O(4@-l4@-l4@-l(tB}+4 We sell different types of products and services to both investment professionals and individual investors. In depth view into JEPI (JPMorgan Equity Premium Income ETF) including performance, dividend history, holdings and portfolio stats. JPMorgan Equity Premium Income ETF Fund Family Name J.P. Morgan Inception Date May 20, 2020 Shares Outstanding 169324869 Share Class N/A Currency USD Domiciled Country United States Manager Hamilton Reiner Fund Description The investment objective of the Fund is to seek current income while maintaining prospects for capital appreciation. JEPI brings the same people, process and philosophy from an established mutual fund to a low-cost, liquid ETF offering daily transparency and tax efficiency. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha. The net effect tends to be positive when markets are flat, as there are no capital gains during these, so the increased income predominates. View the top holdings in JPMorgan Equity Premium Income ETF (JEPI). It is most similar to QYLD, previously covered here. First Republic Bank gets downgrade to junk from Moodys. Said strategy is proprietary, so it is very difficult for us to analyze. Investments in Equity-Linked Notes (ELNs) are subject to liquidity risk, which may make ELNs difficult to sell and value. BmP[+ The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund's primary benchmark, the Standard. But that's still awesome; many people would love to own that. ---------------------------------------------------------------------------------------. Equity-Income: Fund Owner Firm Name: JPMorgan: Prospectus Benchmark Index: S&P 500 TR USD: 100.0%: Broad Asset Class Benchmark Index ^SPXTR: 100.0%: Manager Tenure: Hamilton Reiner: JEPQ is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. Please review its terms, privacy and security policies to see how they apply to you. The JPMorgan Equity Premium Income ETF (JEPI) is one of the most researched ETFs on VettaFi's data platform and has gathered $8 billion of net money in 2022 as advisors sought income alternatives. Since its inception, JEPI has been a rockstar capturing 60% of the market's downside but 70% of its upside. What Investors Need to Know. And what if I told you that this ETF had beaten the market since inception, with 13.4% annual returns and 37% lower volatility? Muni National Intermediate-Term Bond ETFs. Is JEPI the best-covered call ETF? ?ZV(kZV(kZV(kZV(kZZVL^ Investing in these ELNs serves to significantly reduce potential capital gains, as selling covered calls has that same exact effect. Discover historical prices for JEPI stock on Yahoo Finance. In contrast, JEPQ owns a higher volatility, faster-growing portfolio whose ELN caps the upside more than JEPI's ELN strategy does. Both funds invest in Nasdaq-100 companies, and sell covered calls on the same. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. I have no business relationship with any company whose stock is mentioned in this article. Ahorro. J.P. Morgan Asset Managements website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. JEPI Stock - JPMorgan Equity Premium Income ETF | Morningstar JPMorgan Equity Premium Income ETF JEPI See JPMorgan Investment Hub Quote Chart Fund Analysis Performance Sustainability Risk. We believe the information provided here is reliable but should not be assumed to be accurate or complete. B\+4 The net effect is technically positive during bear markets, for the same reason, but capital losses might swamp any increase in income depending on the severity and length of the bear market. Downside potential remains unchanged. Tobacco. JEPQ is an actively-managed fund investing in Nasdaq-100 companies, and indirectly selling covered calls on the same through ELNs. To offset this and keep your principle intact, you would have had to reinvest 38% of the dividends. Interactive Chart | Fundamental Chart. <> Technology funds will likely continue to see strong growth in 2021. JPMorgan Equity Premium Income ETF JEPI (U.S.: NYSE Arca) View All companies AT CLOSE 4:00 PM EDT 03/15/23 $52.51 USD -0.32 -0.61% AFTER HOURS 7:57 PM EDT 03/15/23 $52.75 0.24 0.46% AFTER HOURS. Heres how to transition your portfolio from growth to income. It appears they just started this in June 2020. % The fund invests in public equity markets. Historical and current end-of-day data provided by FACTSET. JPMorgan Equity Premium Income ETF at a glance, Four ways to build stronger portfolios with JEPI. Since inception, if you had invested in JEPI and taken your dividends in cash, then even ignoring high taxes, you'd be down 7% when adjusting for inflation. OK, so JEPIX has delivered the 8% returns management expected for 2.5 years, but isn't there a chance it might perform better in the future? If you understand what JEPI is and, more importantly, what it is not, then you can make an informed decision about this currently 12% yielding monthly ETF. Factsheet: JPMorgan Nasdaq Equity Premium Income ETF FactSheet|February28,2023 JPMorganNasdaqEquityPremiumIncomeETF Ticker:JEPQ Designedtoprovidecurrentincomewhile maintainingprospectsforcapitalappreciation. Prior to making any investment or financial decisions, an investor should seek individualized advice from personal financial, legal, tax and other professionals that take into account all of the particular facts and circumstances of an investor's own situation. Is it right for every portfolio, including my family's hedge fund? JPMorgan Equity Premium Income Fund has an expense ratio of 0.85 percent. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. USD 52.83 +0.63 (1.21%) Mar 14, 2023, 4:00 PM EST - Market closed Overview Holdings Dividends Chart JEPI Dividend Information JEPI has a dividend yield of 12.06% and paid $6.37 per share in the past year. In other words, if you're rich with JEPI, you might not be able to spend the dividends at all unless you don't care about preserving your principle. As JEPQ is quite similar to these funds, thought to do a quick comparison between these, which I believe will prove instructive. SPAC ETFs are a new investment tool for investors to access the entire IPO market. Due to small differences in holdings and strategies, I believe that JEPI has somewhat higher potential for capital gains, but these will ultimately depend on equity market performance. JEPIX and JEPI have nearly identical yields, confirming that JEPIX is a higher-cost mutual fund version of JEPI. I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. JEPQ does have other benefits and advantages, but seems slightly worse than JEPI and some of its peers. Covered call funds have difficulty recovering from losses, so avoiding these are crucial. Copyright 2023 JPMorgan Chase & Co., All rights reserved, Log in for exclusive access and a personalized experience, View saved content and presentation slides. INFORMATION REGARDING MUTUAL FUNDS/ETF:Investors should carefully consider the investment objectives and risks as well as charges and expenses of a mutual fund or ETF before investing. I'm a proud Army veteran and have seven years of experience as an analyst/investment writer for Dividend Kings, iREIT, The Intelligent Dividend Investor, The Motley Fool, Simply Safe Dividends, Seeking Alpha, and the Adam Mesh Trading Group. JEPQ indirectly sells covered calls on said index, through equity-linked notes. 8, 2021, Paulina Likos and Coryanne HicksApril 30, 2021, Matt Whittaker and Barbara FriedbergMarch 25, 2021. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. The actively managed JPMorgan Equity Premium Income ETF (JEPI) seeks to resolve the dilemma by pursuing consistent monthly income and appreciation potential, with lower volatility than the U.S. stock market. There are currently no items in this Watchlist. five DK members who asked for an analysis of this ETF in the last week. Watch list CreateJEPIAlert. BsJM)t Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund's entire principal investment. Approach JPMorgan Equity Premium Income ETF is launched and managed by J.P. Morgan Asset Management. Is it the magic formula for an instant retirement? Bryn Talkington of Requisite Capital Management said JPMorgan Equity Premium Income ETF should continue to be a "strong performer next year." These 4 ETFs Feature on CNBC's 'Final Trades' Benzinga - 10/27/2022 On CNBC's "Halftime Report Final Trades," JPMorgan Private Bank's Anastasia Amoroso chose iShares iBoxx $ High Yield Corporate Bond ETF . This article was published on Dividend Kings on Monday, January 23rd, 2023. Verify your identity, personalize the content you receive, or create and administer your account. Learn more about how to better serve divorced clients and their financial needs. That's because JEPI's annual turnover is 195%. BqP\+ Most of these contracts are for one week. We believe the information provided here is reliable but should not be assumed to be accurate or complete.