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 A GCPAX
- NAV / 1-Day Return 19.43 / +0.67 %
- Total Assets 340.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.930%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Options Trading
- Alt Style Correlation / Relative Volatility High/High
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 0.54%
- Turnover 32%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis GCPAX
Will GCPAX 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 35.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Apple Inc | 7.09 | 23.7 Mil | Technology |
Microsoft Corp | 6.62 | 22.1 Mil | Technology |
NVIDIA Corp | 6.31 | 21.0 Mil | Technology |
Amazon.com Inc | 3.54 | 11.8 Mil | Consumer Cyclical |
Meta Platforms Inc Class A | 2.52 | 8.4 Mil | Communication Services |
Alphabet Inc Class C | 2.48 | 8.3 Mil | Communication Services |
Berkshire Hathaway Inc Class B | 2.46 | 8.2 Mil | Financial Services |
Eli Lilly and Co | 1.73 | 5.8 Mil | Healthcare |
Broadcom Inc | 1.63 | 5.4 Mil | Technology |
JPMorgan Chase & Co | 1.43 | 4.8 Mil | Financial Services |