JDEV
JPMorgan Dynamic Equity Vault
Powered by Nashpoint
TVL: $248.6MBase asset: USDCBenchmark: ICE BofA US 3-Month Treasury Bill Index
Get an instant comparison of this fund with over 35,000 investments
Compare this fundEnhanced onchain income with instant liquidity.
JPMorgan Dynamic Equity Vault is a dynamically managed vault that holds tokenized J.P. Morgan funds onchain and enhances returns by diversifying across blockchain lending protocols, with a liquid treasury component for instant redemptions.
Expertise
- Dynamic allocation across tokenized J.P. Morgan equity income, ultra-short income and money market funds.
- Built on Nashpoint vault infrastructure, with NAV calculated and reported onchain.
Portfolio
- Tokenized JEPI and JEPQ are posted as collateral on Aave Horizon and Morpho to add leveraged yield.
- JPST adds short-duration income alongside the equity income positions.
- JLTXX, a tokenized government money market fund on Kinexys, is held as a liquid treasury reserve for instant redemptions.
Results
- Current vault APY of 12.25%.
- Lending exposure spread across multiple protocols rather than concentrated in one.
Vault APY by month
Chart source: Nashpoint, J.P. Morgan Asset Management. Vault APY shown as of month end; September 2026 as of 09/25/2026. Read more
How the vault works
- JEPI40.1% · SuperstateCollateral on Aave Horizon · 3x13.72% APY
- JEPQ15% · SuperstateCollateral on Morpho · 5x32.85% APY
- JPST34.9% · SuperstateHeld unlevered4.19% APY
- JLTXX10% · KinexysLiquid reserve fundsInstant redemptions
Allocation
Where the 12.25% comes from
Each fund's contribution to vault APY (allocation × APY earned).
Tokenized Funds
10%
Allocation
Money Market
Asset type
3.57%
Base APY
Kinexys
Tokenized on
JPMorgan Ultra-Short Income ETF
34.9%
Allocation
Ultra-Short Income
Asset type
4.19%
Base APY
Superstate
Tokenized on
15%
Allocation
Equity Income
Asset type
11.21%
Base APY
Superstate
Tokenized on
Morpho
Lending market
5.80%
Borrow rate
5x
Leverage
32.85%
Leveraged APY
40.1%
Allocation
Equity Income
Asset type
8.04%
Base APY
Superstate
Tokenized on
Aave Horizon
Lending market
5.20%
Borrow rate
3x
Leverage
13.72%
Leveraged APY
Base APY: JLTXX, 7-day net yield of JPMorgan U.S. Government Money Market Fund (Capital, OGVXX), 31 Aug 2026; JPST, 12-month distribution yield, 31 Aug 2026; JEPQ, 12-month yield, 31 Aug 2026; JEPI, 12-month yield, 31 Aug 2026. Leveraged APY = leverage ratio × base APY − (leverage ratio − 1) × borrow rate.
Morningstar Ratings: Derivative Income
As of 08/31/2026Overall
97 Funds in Category
3 Year
97 Funds in Category
5 Year
71 Funds in Category
10 Year
-
-
Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-yea... Read more
Morningstar Rankings: Derivative Income
As of 08/31/20261 Year
72%
Rank 162
218 Funds in Category
3 Year
79%
Rank 74
97 Funds in Category
5 Year
62%
Rank 43
71 Funds in Category
10 Year
-
-
-
The ranking information is provided by Morningstar. Past performance is no guarantee of future results. Rankings are calculated based upon the ... Read more
Design your vault
JDEV is one configuration. Adjust the mix and leverage to model a custom vault built on Nashpoint. Figures update as you go.
Modelled vault APY
12.25%
- Instant redemption capacity
- $24.9M10.0% of TVL held in JLTXX
- JEPI liquidation headroom · 13.72% APY
- 16.7%Healthy
- JEPQ liquidation headroom · 32.85% APY
- 7.0%Thin buffer
Illustrative model. Leveraged APY = leverage × base APY − (leverage − 1) × borrow rate, using the base APYs and borrow rates shown above. Liquidation headroom is the fall in collateral value before a position reaches its assumed maximum loan-to-value (Aave Horizon 80%, Morpho 86%). Assumptions are for illustration and not market parameters.
The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-844-4JPM-ETF.
Holdings are subject to change. Read more
Your funds, onchain and earning. Built on Nashpoint.
Make tokenized funds productive
Your funds earn as collateral on Aave Horizon, Morpho and more, in one vault.
Onchain NAV, every block
Transparent, verifiable pricing, reported by smart contracts.
Designed with your team
From strategy to launch, a custom vault delivered white glove.