J.P. Morgan Debuts Equity Premium Yield ETFs ROCY and ROCQ on Nasdaq

Rhea-AI Summary

J.P. Morgan Asset Management (NYSE: JPM) launched two active ETFs on Nasdaq on March 19, 2026: the JPMorgan Equity Premium Yield ETF (ROCY) and the JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). Both use an actively managed equity portfolio plus a disciplined options overlay to generate yield.

The funds charge 35 basis points, seek tax-deferred yield via return of capital, and sell call spreads to generate premiums while allowing some upside participation. J.P. Morgan Asset Management had $4.2 trillion AUM as of 12/31/2025.

Positive

• Launch expands derivative income suite with two new ETFs
• Fee of 35 basis points — competitively priced
• Only provider with three distinct options-premium methods
• Leverages team behind JEPI and JEPQ
• Targets tax-deferred yield via return of capital distributions
• AUM backing from a $4.2 trillion asset manager

Negative

• Return of capital distributions defer taxes and lower cost basis
• Call-selling caps upside when underlying stocks rally
• Distributions reduce fund NAV when paid
• Options overlay may not reduce volatility in illiquid markets

Argus Mar 19 session

+0.08% close to close Open Argus

Details

News Market Reaction – JPM

On Mar 19, the day this news came out, JPM closed 0.08% above the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Key Figures

ETF expense ratio: 35 basis points AUM: $4.2 trillion Total assets: $4.4 trillion +5 more

ETF expense ratio

35 basis points

Management fee for each new ETF (ROCY and ROCQ)

AUM

$4.2 trillion

J.P. Morgan Asset Management assets under management as of 12/31/2025

Total assets

$4.4 trillion

JPMorgan Chase & Co. assets as of December 31, 2025

Stockholders' equity

$362 billion

JPMorgan Chase & Co. stockholders' equity as of December 31, 2025

Current share price

$287.74

JPM pre-news trading level

52-week high

$337.25

JPM 52-week high price

52-week low

$202.16

JPM 52-week low price

Market cap

$771,782,784,430

JPM market capitalization before this news

Historical Context

5 past events · Latest: Mar 16

5 events

1. Mar 16

   Card rewards update

   24h Move

   +1.4%

   New Q2 2026 5% cash-back categories for Chase Freedom cards.

2. Mar 13

   Preferred dividends

   24h Move

   +1.4%

   Declaration of dividends on Series CC preferred stock.

3. Mar 12

   Research publication

   24h Move

   -1.6%

   Release of 2026 College Planning Essentials on tuition and education savings.

4. Mar 05

   Education partnership

   24h Move

   -1.9%

   Chase and Hudl partnership to deliver financial education to student-athletes.

5. Mar 04

   Earnings calls schedule

   24h Move

   -1.9%

   Announcement of conference call dates for 2027 quarterly earnings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

etf, derivative income, return of capital, net asset value (nav), +4 more

8 terms

etf financial

"launch of two new active ETFs on the Nasdaq Exchange as part of the firm's"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

View in glossary

derivative income financial

"new active ETFs on the Nasdaq Exchange as part of the firm's landmark derivative income suite"

Income from derivatives is money a company or investor earns by using contracts whose value is tied to other assets—such as options, futures or swaps—rather than from selling the underlying asset itself. Think of it like charging or collecting fees and profits from bets or safeguards linked to stock, bond or commodity prices; it matters because it can boost returns or reveal extra risk and cash‑flow variability that investors need to understand.

return of capital financial

"seek tax-deferred yield via return of capital, smooth the ride relative to broad"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net asset value (nav) financial

"yield represents the annualized distributions paid to investors as a percentage of its net asset value (NAV)"

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

call-option financial

"and actively manage the call-option overlay by selling call spreads to generate"

A call option is a contract that gives its buyer the right, but not the obligation, to buy a specific number of shares at a set price before a fixed date. Think of it like a reservation that lets an investor lock in today’s price to buy later if the stock rises; it matters because it lets investors gain upside exposure with less upfront cash and limits losses to the premium paid, while sellers take on potential obligation in exchange for that premium.

call spreads financial

"manage the call-option overlay by selling call spreads to generate yield and"

Call spreads are an options tactic where an investor buys a call option (the right to buy a stock at a set price) and simultaneously sells another call option on the same stock with a higher target price and the same expiration. This limits how much you can gain and how much you pay up front, so it’s a lower-cost, lower-risk way to bet on a stock rising — like buying a discounted ticket that gives up the biggest prize in exchange for a cheaper price.

capital gains financial

"may be taxed as dividends, ordinary income, capital gains, or return of capital"

Capital gains are the profit you make when you sell an investment—like a stock, bond, or property—for more than you paid for it. Investors care because these gains directly boost returns and can trigger taxes, so the timing and choice to sell affect how much money you keep; think of it like selling a house for a higher price and deciding when to close the sale to maximize proceeds after taxes.

View in glossary

nasdaq-100 index technical

"Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered trademarks"

A stock market index made up of the 100 largest non-financial companies listed on the Nasdaq exchange, ranked by the total value of their publicly traded shares. Think of it as a single basket or scoreboard that tracks how a group of prominent, mostly tech- and growth-oriented firms are performing together; investors use it as a benchmark to gauge market trends, build funds or ETFs, and get broad exposure to large-cap Nasdaq-listed stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New Active ETFs Expand Innovative Derivative Income Suite

NEW YORK, March 19, 2026 /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of two new active ETFs on the Nasdaq Exchange as part of the firm's landmark derivative income suite, the JPMorgan Equity Premium Yield ETF (ROCY) and the JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ).

With the introduction of ROCY and ROCQ, J.P. Morgan is now the only ETF provider offering a comprehensive suite of actively managed derivative income strategies, with three distinct methods of treating options premium.

Led by Hamilton Reiner, CIO of the U.S. Core Equity Team and Head of U.S. Equity Derivatives, both ROCY and ROCQ will be managed by members of the U.S. Core Equity Group, who oversee the suite of Hedged Equity and Equity Premium Income strategies, including JPMorgan Equity Premium Income (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

"Clients want practical tools that work in real-world markets," said Hamilton Reiner. "ROCY and ROCQ are designed to seek tax-deferred yield via return of capital, smooth the ride relative to broad benchmarks, and stay engaged for upside—so investors can focus on progress toward their goals, not just the next headline."

Both strategies integrate J.P. Morgan Asset Management's fundamental research with a disciplined options overlay. The teams actively manage the underlying equity portfolios – ROCY invests significantly in U.S. large cap core equity securities, while ROCQ focuses on NASDAQ-listed securities – and actively manage the call-option overlay by selling call spreads to generate yield and allowing the funds to re-participate in strong up markets.

The funds' yield represents the annualized distributions paid to investors as a percentage of its net asset value (NAV). Distributions may be derived from multiple sources, including portfolio dividends, some capital appreciation, and premiums generated through the options overlay.

"The launch of ROCY and ROCQ expands our derivative income suite, allowing investors to choose the most appropriate solution that fits their objectives, while leveraging the skilled investment team and research capabilities from JEPI and JEPQ," said J.P. Morgan Asset Management Global Head of ETFs, Travis Spence.

Each fund is priced competitively at 35 basis points.

J.P. Morgan Asset Management is the largest issuer of active ETFs globally,¹ reflecting our commitment to delivering innovative investment solutions and strong results for clients.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $4.2 trillion (as of 12/31/2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.

Yield represents annualized fund distributions, which may be taxed as dividends, ordinary income, capital gains, or return of capital. Amounts paid in excess of current and accumulated earnings are treated first as a tax–free return of capital until your cost basis is reduced to zero; further amounts are taxed as capital gains. Return of capital isn't taxed when received but lowers your basis, which can increase future taxes (or reduce losses) when you sell. Any distribution reduces the Fund's NAV.

Return of capital (RoC): RoC refers to a portion of a distribution from an investment that is not considered taxable income, because it is a return of part of the original investment. Taxes on return of capital are deferred until the investment is sold, which may result in a larger future tax bill, but some investors might prefer the ability to delay taxes.

Total return is derived from dividends, option premiums, and capital appreciation.

Investing involves risks. Including possible loss of principal. Selling call options brings in upfront cash and can lower risk, but it caps upside if stocks rise. Buying call options risks losing the premium if they expire worthless. In unusual or illiquid markets, these strategies may not work as intended, may not reduce volatility as hoped, and can result in losses.

JEPQ and ROCQ only Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by J.P. Morgan Investment Management Inc. JPMorgan Nasdaq Equity Premium Income ETF (the "Fund") has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management
Related Links: http://www.jpmorganchase.com

¹ Data according to Bloomberg as of March 10, 2026.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jp-morgan-debuts-equity-premium-yield-etfs-rocy-and-rocq-on-nasdaq-302718986.html

SOURCE J.P. Morgan Asset Management

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When did J.P. Morgan (JPM) launch ROCY and ROCQ ETFs?

They launched on March 19, 2026, as active Nasdaq-listed ETFs. According to J.P. Morgan, the funds began trading to expand its derivative income ETF lineup and follow an actively managed equity plus options-overlay approach.

What fee does the JPM ETF pair ROCY and ROCQ charge?

Both ROCY and ROCQ charge a management fee of 35 basis points. According to J.P. Morgan, the pricing is positioned as competitive for actively managed derivative income strategies in the ETF market.

How do ROCY and ROCQ generate yield for shareholders?

They generate yield from dividends, option premiums, and capital appreciation. According to J.P. Morgan, the teams sell call spreads over actively managed equity portfolios to produce premiums and fund distributions.

What is the tax treatment of distributions from ROCY and ROCQ?

Distributions may include return of capital, which defers taxes until sale. According to J.P. Morgan, amounts treated as RoC reduce cost basis and can increase taxable gains when the investment is later sold.

How do ROCY and ROCQ differ in underlying holdings?

ROCY focuses on U.S. large-cap core equities; ROCQ focuses on Nasdaq-listed securities. According to J.P. Morgan, each fund pairs its underlying equity selection with an active call-spread overlay tailored to that equity set.

Where can investors obtain the prospectus and more ETF details for ROCY and ROCQ?

Investors can request a prospectus by calling 1-844-4JPM-ETF or visiting the fund website. According to J.P. Morgan, the summary and full prospectuses contain objectives, risks, charges, and expenses investors should review before investing.