XNAS · Active · options-income

Goldman Sachs S&P 500 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 -17.5%

The Goldman Sachs S&P 500 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 the S&P 500 Index, generally replicating benchmark weights. To generate income, it employs a dynamic options overwrite strategy by selling (writing) call options on 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 benchmark returns and risk. Call options are generally written on an ETF or instrument providing exposure to the S&P 500 Index rather than on individual portfolio holdings.

The Fund sells (writes) call options on an underlier providing economic exposure to the S&P 500 benchmark, with an overwrite level dynamically ranging between 25% and 75% of the equity portfolio market value. The Fund may use FLEX Options, listed options, and OTC options. This strategy generates premium income but limits upside participation in strongly 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 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. Distributions are not expected to qualify as qualified dividend income.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $55.50 is above the 200-day SMA ($51.01); 50-day SMA $54.08. 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 ~0.14% (tight). Average daily dollar volume ~$47.3M (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 ($)