Gateway Equity Call Premium Y (GCPYX)
Gateway Equity Call Premium Y operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $24.28, up 0.25% on the session, giving a market capitalisation of $343.0M. Its beta of 0.63 implies it has historically moved less than the broad market.
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.
Gateway Equity Call Premium Y is most often compared with the following Financial Services names: