XNAS · Active · options-income

Goldman Sachs Nasdaq-100 Premium Income ETF

Goldman Sachs Asset Management, L.P.

Weighted score · 4.20 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · — ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -21.1%

The Goldman Sachs Nasdaq-100 Core Premium Income ETF seeks current income while maintaining prospects for capital appreciation..

The Fund invests at least 80% of its net assets in equity investments of companies included in its benchmark, the Nasdaq-100 Index, generally weighting holdings in approximate benchmark proportions. To generate income, the Fund employs a dynamic options overwrite strategy, selling call options on a varying percentage (typically 25%–75%) of the market value of its equity portfolio. The Fund is actively managed and seeks to provide monthly distributions at a relatively stable rate while capturing the majority of the benchmark's returns and risk. The call options are generally written on an ETF or other instrument providing economic exposure to the benchmark rather than on individual index constituents.

The Fund sells (writes) call options on instruments providing economic exposure to the Nasdaq-100 benchmark, with an overwrite level dynamically varying between 25% and 75% of the market value of the equity portfolio. Options may include FLEX Options, listed options, and OTC options. The strategy generates premium income but limits upside participation in sharply rising markets.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The Fund seeks to provide monthly distributions at a relatively stable rate; a significant portion of distributions may be treated as return of capital for tax purposes. Additional sources include dividends from equity holdings. Dividends are not expected to qualify as qualified dividend income.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs Nasdaq-100

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $59.37 is above the 200-day SMA ($51.22); 50-day SMA $56.19. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.19% (moderate). Average daily dollar volume ~$81.9M (very liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)