Meine TRADING-WELT

HY-Depot

Ich habe letzte Woche QYLD gegen JEPQ getauscht.

Die Strategie von QYLD entspricht nicht meiner Vorstellung.
Vor einem Jahr habe ich diesen ETF gekauft. 
Laut Strategie verkauft dieser ETF Calls at the Money.
Kursgewinn mit diesem ETF ist somit sehr schwierig, ( ich glaube , langfristig nicht möglich.)

   


Ich hoffe, dass ich mit JEPQ nicht nur Dividenden, sondern auch Kursgewinn erzielen kann.
Die Strategie von JEPQ bzw. JEPI.
Beide ETFs besitze ich.

What are the Fund’s main investment strategies?
The investment objective of the Fund is to seek current income
while maintaining prospects for capital appreciation. The Fund
seeks to achieve this objective by (1) creating an actively man-
aged portfolio of equity securities comprised significantly of
those included in the Fund’s primary benchmark, the Standard
& Poor’s 500 Total Return Index (S&P 500 Index) and (2)
through equity-linked notes (ELNs), selling call options with
exposure to the S&P 500 Index. The resulting Fund is designed
to provide investors with performance that captures a majority
of the returns associated with the S&P 500 Index, while expos-
ing investors to lower volatility than the S&P 500 Index and also
providing incremental income. The Fund is managed in a way
that seeks, under normal circumstances, to provide monthly
distributions at a relatively stable level. Under normal
circumstances, the Fund invests at least 80% of its Assets in
equity securities (80% Policy). “Assets” means net assets plus
the amount of borrowings for investment purposes. In calculat-
ing the 80% Policy, the Fund’s equity investments will include
common stocks and ELNs, as well as other equity securities.
In implementing the Fund’s strategy, the Fund invests
significantly in the equity securities of companies included in
the S&P 500 Index (which includes both large cap and mid cap
companies). The Fund may also invest in other equity securities
not included in the S&P 500 Index. The Fund may receive
income to the extent it invests in equity securities of companies
that pay dividends; however, securities are not selected based
on anticipated dividend payments.
The Fund seeks a lower volatility level than the S&P 500 Index.
Volatility is one way to measure risk and refers to the variability
of the Fund’s or the market’s returns. If the Fund is successful in
providing lower volatility, then the value of the Fund’s portfolio
will fluctuate less than the S&P 500 Index over a full market
cycle (typically, a 3-5 year time horizon).
In order to generate income, the Fund may invest up to 20% of
its net assets in ELNs. ELNs are structured as notes that are
issued by counterparties, including banks, broker-dealers or
their affiliates, and that are designed to offer a return linked to
the underlying instruments within the ELN. ELNs in which the
Fund invests are derivative instruments that are specially
designed to combine the economic characteristics of the S&P
500 Index and written call options in a single note form and are
not traded on an exchange. The options underlying the ELNs
will be based on the Benchmark or on exchange-traded funds
(ETFs) that replicate the S&P 500 Index. Selling a call option
entitles the seller to a premium equal to the value of the option
at the time of trade. The ELNs owned by the Fund are
structured to use a covered call strategy and have short call
positions embedded within them. When the Fund purchases the
ELN from the issuing counterparty, the Fund is entitled to the
premium generated by the short call position within the ELN.
JPMorgan Equity Premium Income ETF
NOVEMBER 1, 2022 | 9

https://am.jpmorgan.com/us/en/asset-mana.../documents