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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
  • 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



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

Microsoft Corp

7.21 22.6 Mil

Apple Inc

5.74 18.0 Mil


5.14 16.1 Mil
Technology 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

Broadcom Inc

1.44 4.5 Mil