GPIQ

Goldman Sachs Nasdaq-100 Premium Income ETF

QQQIssuer: Goldman SachsInception: October 24, 2023

6.9

Overall Score

Strategy & Profile

Goldman Sachs flexible options overlay on the Nasdaq-100. Sells OTM calls with variable coverage based on market conditions. Uses index and ETF-linked options (Section 1256 favorable). Lowest expense ratio in the Nasdaq segment at 0.29%.

TTM Yield: ~9.8%

Strengths

  • ✓Lowest expense ratio in Nasdaq segment (0.29%)
  • ✓Section 1256 tax advantage
  • ✓Higher upside participation than JEPQ

Weaknesses

  • ✗Short track record (October 2023)
  • ✗Lower AUM vs JEPQ

Investor Profile

Sophisticated investor seeking the best structured Nasdaq covered call

Verdict

Structurally superior to JEPQ — Goldman built this product well

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Key Metrics

Expense Ratio

0.290%

Inception Date

October 24, 2023

Benchmark

QQQ

Category

Covered Call - Nasdaq

Distribution Frequency

Monthly

Maturity Rating

2/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.