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Gateway Equity Call Premium Y GCPYX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Natixis Investment Hub

Morningstar’s Analysis GCPYX

Will GCPYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GCPYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GCPYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GCPYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tax-efficient approach to covered calls.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

Gateway Equity Call Premium Income aims to profit from the volatility risk premium by selling call options against a long equity position. This fund delivers that profit to fundholders as capital gains and not interest income, a distinct and tax-aware approach that should benefit long-term investors. Some share classes levy high fees that dilute that benefit, however.

by Zachary Evens
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