US-listed · NASDAQ · FIF-eligible (above NZ$50K)
JPMorgan JEPQ JPMorgan Nasdaq Equity Premium Income ETF
Combines Nasdaq-100 equity exposure with a covered-call options overlay for high monthly income.
Updated Reviewed quarterly
About this fund
What is JEPQ?
JEPQ is the US-listed ticker for JPMorgan Nasdaq Equity Premium Income ETF, issued by JPMorgan. Combines Nasdaq-100 equity exposure with a covered-call options overlay for high monthly income. TER is 0.35% per year, with a trailing 12-month distribution yield of approximately 9.0%. Distributions are paid monthly.
Next typical distribution: June.JEPQ typically pays every month. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy JEPQ from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is JEPQ taxed for NZ investors?
JEPQ is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000 (source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
US dividends carry 15% (source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30% (source) ). The withheld amount can be claimed as a foreign tax credit on your IR3.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to JEPQ
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.52% | 3.8% | Quarterly | PIE | JEPQ vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · NZX | 0.29% | 3.2% | Quarterly | PIE | JEPQ vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | — | Quarterly | PIE | JEPQ vs TNZ |
| MZY | NZ Mid Cap (MZY) Smartshares · NZX | 0.75% | — | Quarterly | PIE | JEPQ vs MZY |
| KSC | Kernel NZ 20 (KSC) Kernel · NZX | 0.25% | — | Quarterly | PIE | JEPQ vs KSC |
Distribution history
Last 12 distributions — JEPQ
JEPQ typically distributes every month. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We do not yet aggregate per-payment history into the canonical dataset on this site — that work is gated on the live-data-feed roadmap item (#42 in our roadmap).
Next typical distribution month: June. The exact ex-date and payment date are set by JPMorgan — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- JPMorgan JEPQ product page — corporate actions + distribution announcements
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about JEPQ
What is the JEPQ ETF? ⌄
JEPQ is the JPMorgan Nasdaq Equity Premium Income ETF — a Nasdaq-100-tilted equity ETF with a covered-call options overlay. The fund holds Nasdaq-100 stocks and writes call options to generate additional monthly income. TER is 0.35%; trailing yield approximately 9.0%.
JEPQ vs JEPI — what's the difference? ⌄
Both are JPMorgan covered-call income ETFs. JEPI is built on S&P 500 stocks; JEPQ on Nasdaq-100 stocks. JEPQ has higher tech-sector concentration (Apple, Microsoft, Nvidia, etc.) and historically higher distribution yield. JEPI is more diversified by sector. The covered-call structure in both caps upside in strong rally phases — investors trade some growth potential for current income.
Can NZ residents buy JEPQ? ⌄
Yes. JEPQ is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50K cost basis FIF rules apply. File a W-8BEN to apply the 15% NZ–US treaty rate. Note that JEPQ distributions include both qualified dividends and option-premium income — your broker's tax statement should split the two.
What's the main trade-off in JEPQ? ⌄
Capped upside in rising markets. The covered-call overlay generates premium income but means the fund underperforms QQQ in strong rally phases (the calls get exercised, capping the equity gain). In flat or down markets the premium income is additive to total return. Suited to investors prioritising current income from a tech-tilted portfolio over maximum capital appreciation.
Where to buy JEPQ from New Zealand
The platforms below all support JEPQ. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch 
Sharesies 
Interactive Brokers 
Stake 
Tiger Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
Sources for this JEPQ data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Related ETFs and resources
JEPI — JPMorgan Equity Premium Income (S&P 500 cousin)
S&P 500-built sister fund — broader sector exposure, similar covered-call structure.
JEPI vs JEPQ — comparison
S&P vs Nasdaq covered-call income ETFs side-by-side.
QQQ — Invesco Nasdaq-100
Pure Nasdaq-100 equity exposure (no options overlay).
SCHD — Schwab US Dividend Equity
Quality-screened dividend-growth ETF (alternative income strategy).
FIF tax explained
When FIF applies and how to file.
