Gateway Equity Call Premium Y

Frequently Asked Questions About GCPYX

What does GCPYX invest in?

This fund primarily invests in equities, dedicating at least 80% of its total assets (including any borrowed capital for investment purposes) to stocks under typical market conditions. It generally maintains a diverse portfolio of common stocks while concurrently selling (writing) index call options. The aggregate theoretical value of these options is typically set to closely match the market value of its underlying stock holdings. Additionally, the fund retains the flexibility to invest in other collective investment vehicles, such as affiliated and unaffiliated mutual funds and exchange-traded funds, adhering to the regulations outlined in the Investment Company Act of 1940.

What is the expense ratio of GCPYX?

Gateway Equity Call Premium Y (GCPYX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.

What is GCPYX's dividend yield?

GCPYX's trailing-twelve-month yield is 0.48%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GCPYX?

Effective duration measures GCPYX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GCPYX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GCPYX?

GCPYX'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 GCPYX?

Yield to maturity (YTM) is the total return you'd earn from GCPYX if every bond in the portfolio is held to maturity at the current price. GCPYX'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.