# Gateway Equity Call Premium Y (GCPYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gcpyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Thematic · Inception: 2014-10-01 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-t... ## Key Facts | Metric | Value | |---|---| | Price | $24.38 | | Expense Ratio | 0.68% | | Assets Under Management | $331.9M | | NAV | $24.38 | | Holdings Count | — | | Distribution Yield (TTM) | 0.48% | | Annual Distribution (TTM) | $0.12 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $21.08 – $24.67 | | Beta | 0.63 | ## Latest Distribution - Amount: $0.0249 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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. ### Does GCPYX pay a dividend? Yes, Gateway Equity Call Premium Y (GCPYX) distributes dividends to shareholders. The trailing-twelve-month yield is 0.48%. Full dividend history is on this page. ### How often does GCPYX pay dividends? Gateway Equity Call Premium Y pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is GCPYX's next ex-dividend date? The most recently announced ex-dividend date for GCPYX was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will GCPYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GCPYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GCPYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GCPYX cost more than a fund like VOO? GCPYX's strategy (current expense ratio 0.68%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where GCPYX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to GCPYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GCPYX (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gcpyx - Distribution history: https://www.dividenddata.com/funds/gcpyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gcpyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gcpyx/expenses - Peer comparison: https://www.dividenddata.com/funds/gcpyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.