US-listed · NASDAQ · FIF-eligible (above NZ$50K)
JPMorganJEPQJPMorgan 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. Distributions are paid monthly.
Next typical distribution: October.JEPQ typically pays every month. Most recent verified distribution: US$0.6366 per unit, ex-date 2026-07-01. 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 |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | 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) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive 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 BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB 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.
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 | 0.50% | 3.2% | Semi-annual | PIE | JEPQ vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · Unlisted | 0.25% | — | Quarterly | PIE | JEPQ vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | 1.9% | Semi-annual | PIE | JEPQ vs TNZ |
| VTI | VTI Vanguard · NYSE Arca | 0.03% | 1.0% | Quarterly | FIF | JEPQ vs VTI |
| QQQ | QQQ Invesco · NASDAQ | 0.18% | — | Quarterly | FIF | JEPQ vs QQQ |
Distribution history
Recent distributions — JEPQ
| Ex-date | Pay date | Per unit (USD) |
|---|---|---|
| 2026-07-01 | 2026-07-06 | US$0.6366 |
| 2026-06-01 | 2026-06-03 | US$0.5644 |
| 2026-05-01 | 2026-05-05 | US$0.5909 |
| 2026-04-01 | 2026-04-06 | US$0.5586 |
| 2026-03-02 | 2026-03-04 | US$0.5090 |
| 2026-02-02 | 2026-02-04 | US$0.4657 |
| 2025-12-31 | 2026-01-05 | US$0.5761 |
| 2025-12-01 | 2025-12-03 | US$0.5532 |
| 2025-11-03 | 2025-11-05 | US$0.4755 |
| 2025-10-01 | 2025-10-03 | US$0.4461 |
| 2025-09-02 | 2025-09-04 | US$0.4420 |
| 2025-08-01 | 2025-08-05 | US$0.4438 |
Source: JPMorgan distribution records, verified 2026-07-05. Amounts are cash distributions per unit before tax — verify against the issuer source before relying on a payment. JEPQ typically distributes every month; next typical month: October.
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 —.
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 BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
Explore with AI
Ask an AI assistant about this page
Open a fresh session with your prompt pre-filled and this page's link attached — the assistant reads the page and answers with it as a source.
Prefer Google?Add etfs.co.nz as a preferred source →
Sources for this JEPQ data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-07-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-nasdaq-equity-premium-income-etf-etf-shares-46654q203
Fact sheet (PDF)
am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-JEPQ.PDF
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
JEPQ against the alternatives
2 side-by-side comparisons covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| JEPQ vs QQQ | QQQ | 0.18% |
| JEPQ vs JEPI | JEPI | 0.35% |
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.
