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GPIQ
Goldman Sachs Nasdaq-100 Premium Income ETF
Goldman Sachs Asset Management, L.P.
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Goldman Sachs Nasdaq-100 Premium Income ETF seeks current income while maintaining prospects for capital appreciation..
The Fund invests at least 80% of its net assets in companies included in the Nasdaq 100 benchmark, primarily holding stocks in approximately benchmark weights. 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 investments. The call options are generally written on underliers that provide economic exposure to the benchmark (such as an ETF tracking the index) rather than on individual stocks. The Fund is actively managed and seeks to provide monthly distributions at a relatively stable rate.
Ticker
GPIQ
Issuer
Goldman Sachs Asset Management, L.P.
Exchange
XNAS
Inception
2023-10-26 · 2.8 yrs
Mgmt style
Active
Replication
Physical (full replication) of Nasdaq 100 equity components combined with Derivatives (options overwrite — selling call options on benchmark exposure)
Index-based
—
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
actively managed
OPTIONS OVERLAY
Strategy
Covered Call overwrite (selling/writing call options on benchmark exposure)
generates income
Underlying
ETF or instrument providing economic exposure to the Nasdaq 100 benchmark (not individual index component stocks)
income exposure
MONTHLY
9.9%
DIST. RATE
— ROC
Ordinary Income
Ordinary Income
Underlying
ETF or instrument providing economic exposure to the Nasdaq 100 benchmark (not individual index component stocks)
Strategy
Covered Call overwrite (selling/writing call options on benchmark exposure)
Tax
Ordinary Income
The Fund sells (writes) call options on a varying percentage of the market value of the equity portfolio, with an overwrite level expected to range between 25% and 75% under normal circumstances. Options may include FLEX Options, listed options, and OTC options. Premium income from the options strategy is a primary source of distributions, though it may cap upside participation in strongly rising markets.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
0.0%
Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
—
ROC
Frequency
Monthly
Dist. rate
9.88%
ROC %
—
30-day SEC
not reported
Consistency
1 w/o cut
YOC · 1yr-ago buyer
11.1%
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 monthly distributions at a relatively stable rate; a significant portion of distributions may be treated as return of capital. Additional sources include dividends from equity holdings. Distributions are not expected to qualify as qualified dividend income. No guarantee is made regarding the tax characterization of distributions.
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-08-03
Ex-dividend
2026-08-03
Pay date
—
Payback Period
10.1 yr
Dist. Since Incep.
$14.3
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs Nasdaq-100
No sector feed for this fund.
Holdings
106
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$58.1$52.5$47.0$41.4
AUG '25AUG '26
Price $57.27
50-DMA $56.62
200-DMA $51.93
Bullish — 50-DMA above 200-DMA
Price $57.27 is above the 200-day SMA ($51.93); 50-day SMA $56.62. 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
Avg daily volume
1.4M
Avg dollar volume
$83,231,226
Bid/ask spread
0.20%
Premium/discount
—
Turnover
19%
Estimated bid/ask spread ~0.20% (moderate). Average daily dollar volume ~$83.2M (very liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$5.41B
$5.41B$2.75B$97M
JUN '24AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
GPIQ · 2026-08-13
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.