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GPIQGoldman Sachs Nasdaq-100 Premium Income ETF

Get income2y track recordRanked #221 of 1,650 in this goal

Seeks current income while maintaining prospects for capital appreciation.

By Goldman Sachs · Launched 2023

Annual Cost

0.29%

#1,304 of 5,853 · low cost

Fund Size

$5.1B

#442 of 5,853 · large

Dividend YieldGoal

0.61%

Track Record

2 years

#3,174 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,223+22.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 46.8% of fundmoderately concentrated

NVIDIA Corp.
8.7%
Apple Inc.
7.6%
Microsoft Corp.
5.6%
Amazon.com, Inc.
4.6%
Tesla Inc
3.9%
Meta Platforms Inc
3.5%
Walmart Inc
3.5%
Alphabet Inc.
3.4%
Alphabet Inc.
3.1%
Broadcom Inc
3.0%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.7%Moderate

Year-on-year price swings

Max drawdown
-21.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income while maintaining prospects for capital appreciation.
Strategy
Actively manages a portfolio primarily invested in equity securities, including common and preferred stocks, with a focus on the information technology sector. Employs a dynamic options overwrite strategy to generate income, selling call options on a portion of the equity investments.
Inception date
October 24, 2023
Fund family
Goldman Sachs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02