Key stats
About Goldman Sachs Nasdaq-100 Core Premium Income ETF
Expense ratio
0.29%
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Inception date
Oct 24, 2023
GPIQ aims for consistent income and capital growth. It invests in the equity of companies included in its benchmark index, the Nasdaq-100, which is composed of US large-cap stocks. The fund tries to maintain style, capitalization, and industry characteristics like its benchmark and mirrors the weighting of its components as far as practicable. GPIQ employs an options overlay strategy to generate income by selling call options on 25% - 75% of the portfolios equity investments. The fund may also use FLEX options or similar entities for added flexibility. Outside of its primary investment strategy, GPIQ 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, GPIQ participates in frequent and active trading that may result in high portfolio turnover.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Retail Trade
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.