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Morningstar

Gateway Equity Call Premium Y GCPYX

Morningstar Medalist Rating
Medalist Rating as of | See Natixis Investment Hub
  • NAV / 1-Day Return 18.87  /  +0.27 %
  • Total Assets 327.1 Mil
  • Adj. Expense Ratio
    0.680%
  • 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 0.82%
  • 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 GCPYX

Will GCPYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GCPYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GCPYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GCPYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tax-efficient approach to covered calls.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

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.

by Zachary Evens
Rated on Published on

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Portfolio Holdings GCPYX

More GCPYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Berkshire Hathaway Inc Class B

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Fixed Inc Clearing Corp.Repo

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Cash and Equivalents

Eli Lilly and Co

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Healthcare

Alphabet Inc Class A

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