After looking for information about the next ex-dividend date for JEPI. I came across JP Morgan’s ETF distribution calendar that lists off the dates for each of their funds. [distribution calendar](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/income-distribution-rates/jpmorgan-etfs-2021-distribution-notice.pdf).
I noticed that JEPI has the option for a capital gains payout in addition to the regular monthly dividend payout. I did not notice them payout capital gains last year but that could have very well been since the ETF was brand new last year. Are capital gains something to be expected to be paid out in the future? Do most funds typically have that as an option and choose not to? I’m just trying to learn more because I’m a bit unfamiliar.
EDIT: accidentally included that they did pay capital gains last year – they did not at least I did not notice****