JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund) (Hedged) is an actively managed exchange traded fund designed to provide investors with regular income and exposure to US equities. The fund primarily achieves its objectives by investing almost all of its assets in the JPMorgan Nasdaq Equity Premium Income ETF, which holds stocks from the Nasdaq-100 index and employs an options overlay strategy to generate additional income. This structure seeks to balance high current income distributions with the potential for capital growth, making it distinctive among equity income products. A key feature of this ETF is its hedged structure, which aims to mitigate the impact of currency fluctuations between the US dollar and the Australian dollar, providing Australian investors with more stable returns in their local currency. The fund distributes income monthly and targets a robust yield, historically offering a payout ratio around 68% with an indicated annual yield above market averages. Its portfolio is almost entirely allocated to international equities, primarily large-cap US technology and growth-oriented companies, with negligible exposure to cash or other asset classes. By combining equity market participation with systematic income generation, this ETF plays a specialized role for investors seeking dependable distributions from leading US companies while limiting foreign exchange risk.