Key stats
About Goldman Sachs S&P 500 Core Premium Income ETF
Expense ratio
0.29%
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Inception date
Oct 26, 2023
GPIX aims for consistent income and growth in capital. It predominantly invests in the equity of companies included in its benchmark index, the S&P 500 which is composed of large-cap stocks of firms in the US. The fund tries to maintain style, capitalization, and industry characteristics like its benchmark and mirrors the weighting of its components as far as practicable. GPIX mainly employs an options overwrite strategy to generate income by selling call options on 25% - 75% of the portfolios equity investments. The fund may also explore investments in FLEX options or similar entities for added flexibility. Outside of its primary investment strategy, GPIX foresees additional income from firms that distribute dividends. In certain market conditions, a writing strategy for call options is anticipated to perform better compared to a portfolio without it. However, in a market with strong upward trends, the strategy can underperform. Notably, GPIX participates in frequent and active trading that may result in high portfolio turnover.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Stock breakdown by region