JEPI - GPIX: Goldman Covered Call Fund Beating JEPI This Year

2024-07-16 07:14:45 ET

Summary

• GPIX is a dynamic covered call ETF launched in 2023 as an alternative to JEPI, offering high dividend yields from equity markets.
• GPIX outperformed JEPI in 2024 with a dynamic overwrite strategy, utilizing FLEX options for better pricing and performance.
• The fund's 7.5% current yield is dependent on S&P 500 performance, with risk factors including NAV fluctuations in a down market.
• The ETF expects that, under normal circumstances, it will sell call options in an amount that is between 25% and 75% of the value of the equity investments in the portfolio.

Thesis

The Goldman Sachs S&P 500 Core Premium Income ETF ( GPIX ) is an equity exchange-traded fund. The vehicle was launched in 2023 and represents an alternative to the widely popular JPMorgan Equity Premium Income ETF ( JEPI ). Both funds take a covered call approach versus on outright position in the S&P 500. ...

For further details see: