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 18.89 / +0.27 %
- Total Assets 327.1 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 0.59%
- Turnover 32%
USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:19 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 35.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 7.02 | 22.3 Mil | Technology |
Apple Inc | 6.36 | 20.2 Mil | Technology |
NVIDIA Corp | 6.16 | 19.6 Mil | Technology |
Amazon.com Inc | 3.70 | 11.8 Mil | Consumer Cyclical |
Alphabet Inc Class C | 2.75 | 8.7 Mil | Communication Services |
Meta Platforms Inc Class A | 2.37 | 7.5 Mil | Communication Services |
Berkshire Hathaway Inc Class B | 2.16 | 6.9 Mil | Financial Services |
Fixed Inc Clearing Corp.Repo | 1.66 | 5.3 Mil | Cash and Equivalents |
Eli Lilly and Co | 1.56 | 4.9 Mil | Healthcare |
Alphabet Inc Class A | 1.54 | 4.9 Mil | Communication Services |