Gateway Equity Call Premium Income aims to profit from the volatility risk premium by selling call options against a long equity position. This fund delivers that profit to fundholders as capital gains and not interest income, a distinct and tax-aware approach that should benefit long-term investors. Some share classes levy high fees that dilute that benefit, however.
Gateway Equity Call Premium Y GCPYX
- NAV / 1-Day Return 19.37 / +0.27 %
- Total Assets 339.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.680%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Options Trading
- Alt Style Correlation / Relative Volatility High/High
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 0.80%
- Turnover 32%
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0
Morningstar’s Analysis GCPYX
Will GCPYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 35.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Apple Inc | 7.00 | 22.9 Mil | Technology |
Microsoft Corp | 6.76 | 22.1 Mil | Technology |
NVIDIA Corp | 6.30 | 20.6 Mil | Technology |
Amazon.com Inc | 3.77 | 12.4 Mil | Consumer Cyclical |
Alphabet Inc Class C | 2.65 | 8.7 Mil | Communication Services |
Meta Platforms Inc Class A | 2.34 | 7.6 Mil | Communication Services |
Berkshire Hathaway Inc Class B | 2.31 | 7.6 Mil | Financial Services |
Broadcom Inc | 1.64 | 5.4 Mil | Technology |
Alphabet Inc Class A | 1.48 | 4.9 Mil | Communication Services |
Eli Lilly and Co | 1.48 | 4.8 Mil | Healthcare |