Goldman Sachs S&P 500 Premium Income ETF

Frequently Asked Questions About GPIX

What does GPIX invest in?

The ETF is designed to provide regular income streams, concurrently striving for an increase in the investment's underlying value.

What is the expense ratio of GPIX?

Goldman Sachs S&P 500 Premium Income ETF (GPIX) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is GPIX's distribution yield?

GPIX's trailing-twelve-month yield is 8.12%, calculated from the sum of distributions over the past year divided by the current price.

How does GPIX's covered-call strategy work?

GPIX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is GPIX?

Goldman Sachs S&P 500 Premium Income ETF (GPIX) manages $4.89B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is GPIX actively managed or an index fund?

GPIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.