GOOP aims to generate monthly income while providing exposure to the price returns of Google stock (GOOGL), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) short-term fixed income instruments. The synthetic long exposure seeks to replicate the price movements of GOOGL by purchasing and selling at-the-money calls and puts with one-month to one-year terms. To generate income, the fund writes out-of-the-money call options with similar expirations and a strike price approximately 5%-15% above GOOGL's share price. This limits participation in potential gains if GOOGL shares increase in value. The short put positions fully expose investors to the downside of the stock. The fund may also invest directly in GOOGL shares and the combined direct and synthetic long position will not exceed 100% of net assets.