# US Equity Premium Income Active UCITS ETF USD (JEIP)

**Page:** https://fundology.uk/fund/jeip · ISIN IE000U5MJOZ6

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, JEIP (US Equity Premium Income Active UCITS ETF USD, ISIN IE000U5MJOZ6) closed at £18.82 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the year to 13/11/2026 its total return was +9.1%, or +5.3% after UK CPIH inflation.

## Summary

US Equity Premium Income Active UCITS ETF USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2024. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.38% a year — about £38 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£18.82** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JEIP |
| ISIN | IE000U5MJOZ6 |
| Also listed as | JEPI (London Stock Exchange, US dollars) |
| Category | Dividend & income |
| Type | ETF |
| Provider | JPMorgan |
| Income | Distributing |
| Ongoing charge | 0.38% a year (£38 per £10,000) |
| Fund size | £436m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 29/10/2024 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +9.15% | +5.28% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of US Equity Premium Income Active UCITS ETF USD in pounds (price only, income paid out not included): 2025 −8.2%; 2026 to 13/11/2026 +2.6%. Returns of US Equity Premium Income Active UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -8.2% | -11.3% | Price |
| 2026 to 13/11/2026 | +2.6% | -0.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 8.35% | -6.16% |

## Largest fall

Volatility of US Equity Premium Income Active UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 8.4% over 1 year. Largest fall in the price of US Equity Premium Income Active UCITS ETF USD since November 2024, in pounds: −15.7% from 22/11/2024 to 18/04/2025. The lowest 12-month return of US Equity Premium Income Active UCITS ETF USD in pounds (price only, income paid out not included) since November 2024 was −10.0% (12 months to 30/01/2026); the highest was +6.5% (12 months to 17/04/2026). On 13/11/2026 the price of US Equity Premium Income Active UCITS ETF USD was 8.3% below its highest weekly close since November 2024 (22/11/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of US Equity Premium Income Active UCITS ETF USD 0.38% a year. Compared on 14/11/2026, 45 of the 109 other dividend and income funds charge more, 8 the same and 56 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.38%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 13/11/2026, JEIP holds 274 positions, according to its published holdings. The largest is Apple at 3.07% of the fund; the ten largest make up 24.1%.

### Top holdings

Largest positions (as of 13/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 3.07% |
| 2 | Cash and Cash Equivalent | — | 2.83% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 2.81% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.52% |
| 5 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 2.35% |
| 6 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.23% |
| 7 | Mastercard | [MA](https://fundology.uk/stock/MA) | 2.16% |
| 8 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.10% |
| 9 | Visa · Class A | [V](https://fundology.uk/stock/V) | 2.05% |
| 10 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.00% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 21.1% |
| Industrials | 13.1% |
| Health Care | 12.4% |
| Financials | 11.7% |
| Consumer Discretionary | 10.3% |
| Communication Services | 8.5% |
| Consumer Staples | 8.3% |
| Utilities | 4.6% |
| Other sectors | 6.9% |

### By country

Added up from the fund’s published holdings, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 93.6% |
| Ireland | 5.5% |
| Switzerland | 0.6% |
| Netherlands | 0.3% |
| Bermuda | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 97.0% |
| Cash and money market | 3.0% |

The 216 holdings on record (of 274 reported): https://fundology.uk/fund/jeip/holdings

## Questions people ask

**What is the ongoing charge of JEIP?**

The ongoing charge of JEIP is 0.38% a year — about £38 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of US Equity Premium Income Active UCITS ETF USD 0.38% a year. Compared on 14/11/2026, 45 of the 109 other dividend and income funds charge more, 8 the same and 56 less (share classes counted once).

**Is JEIP accumulating or distributing?**

JEIP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of JEIP?**

The ISIN of JEIP is IE000U5MJOZ6. An ISIN identifies one exact share class of a fund; JEIP is its ticker on the London Stock Exchange. The same share class is also listed as JEPI (London Stock Exchange, US dollars).

**What does JEIP hold?**

As of 13/11/2026, JEIP holds 274 positions, according to its published holdings. The largest is Apple at 3.07% of the fund; the ten largest make up 24.1%. Its ten largest holdings are Apple (3.07%), Cash and Cash Equivalent (2.83%), Microsoft (2.81%), Amazon (2.52%), NVIDIA (2.35%), Broadcom (2.23%), Mastercard (2.16%), Alphabet · Class A (2.10%), Visa · Class A (2.05%) and Meta Platforms · Class A (2.00%).

**What were JEIP’s returns in each of the last five years?**

Calendar-year returns of JEIP in pounds (price only, income paid out not included): 2025 −8.2%; 2026 to 13/11/2026 +2.6%. Past performance is not a guide to future returns.

**How has JEIP done after inflation?**

Over the year to 13/11/2026 JEIP’s total return was +9.1%, or +5.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at J.P. Morgan Asset Management](https://am.jpmorgan.com/gb/en/asset-management/per/products/jpm-us-equity-premium-income-active-ucits-etf-usd-dist-ie000u5mjoz6)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000U5MJOZ6&docTypeCode=KIID&docLang=EN&docCountry=GB)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.