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Goldman Sachs Nasdaq-100 Core Premium Income ETF

GPIQ is an actively managed ETF that primarily involves stocks within the Nasdaq-100. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth.

Goldman Sachs Nasdaq-100 Core Premium Income ETF offers a 9% dividend yield with distributions paid out on a monthly basis. The fund's dynamic options strategy allows for capital appreciation while providing income, differentiating it from other high-yield funds with synthetic exposure. GPIQ's portfolio includes top tech companies like Apple, Microsoft, and NVIDIA, benefiting from potential AI-driven growth, despite capping upside in bull markets.

GPIQ: Dynamic Options ETF With Monthly Distributions

The Goldman Sachs Nasdaq-100 Core Premium Income ETF uses an options overlay to boost yield, targeting investors bullish on the Nasdaq-100. GPIQ's holdings are concentrated in Information Technology (49.64%), Communication Services (16.16%), and Consumer Discretionary (14.59%), focusing on growth-driven companies. Compared to other Nasdaq-100 ETFs, GPIQ's call options strategy provides steadier income, but may limit gains in strong markets.

GPIQ: Nasdaq-100 Exposure With Yield

GPIQ uses an options strategy to enhance yield by writing call options on the NASDAQ-100 Index. By writing covered calls on only a portion of its long positions, the fund retains upside potential on the remaining, uncovered positions. The fund offers a 10% distribution yield while maintaining upside potential in its underlying holdings.

Outperforming The Competition: A Look At GPIQ

I rate GPIQ as a Buy due to its stellar performance, on target to distribute a 10.5% yield with strong capital appreciation and total returns. GPIQ's strategy involves selling at-the-money call options on 25-75% of its NASDAQ 100 portfolio, adjusted monthly based on market conditions. Limited history and lack of information about options strategy specifics from the management team pose a risk. Performance so far, however, has been good.

GPIQ: Better At Capturing Nasdaq 100 Upside

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Goldman Sachs Nasdaq-100 Core Premium Income ETF is a top-performing covered call fund focused on the Nasdaq index.

GPIQ: So Far So Good In This New Fund

The Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ) has done well this year as technology stocks have surged to a record high. Its total return in 2024 stands at 14.57%, which is lower than Invesco QQQ (QQQ) 17.40% and JPMorgan's Nasdaq Equity Premium Income ETF (JEPQ), which has returned 15%.

Is Goldman Sachs' GPIQ ETF a good Nasdaq 100 fund to buy?

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Covered call ETFs and strategies remain in focus. The JPMorgan Equity Premium Income ETF (JEPI) gathered $13 billion in 2023, despite rising just 10% in value.

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Goldman Sachs has launched two covered call funds, GPIX and GPIQ, as direct competition to JPMorgan's highly popular funds JEPI and JEPQ. These funds write covered calls partially against their portfolio holdings (25% to 75%), allowing them to participate in some market upside. The funds will use FLEX Options instead of ELNs for premiums, offering price stability and negotiation flexibility.

GPIQ And GPIX: Goldman Sachs' Response To JEPI And JEPQ

On October 27, 2023, VettaFi hosted an Income Strategy Symposium that saw nearly 900 advisors and investors register for the event. The symposium was a success for everyone involved, and included some of the top firms and individuals in the industry offering their insights into several different income-related topics.

What You Might Have Missed at Friday's Income Strategy Symposium

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Goldman Sachs Asset Management has seen strong net inflows in 2023 into its broad market equity ETFs and its income ETFs. Today, the firm expanded its exchange traded fund lineup to include two equity income ETFs.

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Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure to stocks while cushioning downside risk.

News for Goldman Sachs Nasdaq-100 Core Premium Income ETF ETF (GPIQ)