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Gateway Equity Call Premium A GCPAX

Medalist Rating as of | See Natixis Investment Hub
  • NAV / 1-Day Return 18.36  /  +0.11 %
  • Total Assets 317.8 Mil
  • Adj. Expense Ratio
    0.930%
  • 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 0.65%
  • Turnover 32%

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 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.

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.

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Portfolio Holdings GCPAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 33.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

7.21 22.6 Mil
Technology

Apple Inc

5.74 18.0 Mil
Technology

NVIDIA Corp

5.14 16.1 Mil
Technology

Amazon.com Inc

3.83 12.0 Mil
Consumer Cyclical

Meta Platforms Inc Class A

2.50 7.8 Mil
Communication Services

Alphabet Inc Class C

2.44 7.6 Mil
Communication Services

Berkshire Hathaway Inc Class B

2.08 6.5 Mil
Financial Services

Fixed Inc Clearing Corp.Repo

1.56 4.9 Mil
Cash and Equivalents

Eli Lilly and Co

1.50 4.7 Mil
Healthcare

Broadcom Inc

1.44 4.5 Mil
Technology