JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ)

The JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) is an actively managed fund from J.P. Morgan Asset Management that seeks to generate income while retaining a portion of the return of large-cap growth-oriented stocks.

The fund holds equities drawn largely from the Nasdaq-100 universe, selected through J.P. Morgan's research process, and pairs them with an options strategy that sells call options on the Nasdaq-100 index. The premiums collected from those options are a primary source of the fund's distributions.

Selling calls gives up some upside when the market rises sharply in exchange for option income.