- What does GCPAX invest in?
- Under typical conditions, this fund commits at least 80% of its net assets (including any capital from borrowings) to equity investments. It habitually maintains a broadly diversified portfolio of stocks. Furthermore, the fund engages in selling index call options, aiming for their aggregate notional value to roughly correspond with the market value of its equity holdings. It also has the flexibility to invest in both affiliated and unaffiliated mutual funds and exchange-traded funds, in line with the regulations of the Investment Company Act of 1940.
- What is the expense ratio of GCPAX?
- Gateway Equity Call Premium A (GCPAX) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GCPAX's dividend yield?
- GCPAX's trailing-twelve-month yield is 0.28%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of GCPAX?
- Effective duration measures GCPAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GCPAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GCPAX?
- GCPAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of GCPAX?
- Yield to maturity (YTM) is the total return you'd earn from GCPAX if every bond in the portfolio is held to maturity at the current price. GCPAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
