Skip to content
Beacon

GPIXGoldman Sachs S&P 500 Premium Income ETF

Get income2y track recordRanked #233 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

$4.7B

#462 of 5,853 · large

Dividend YieldGoal

1.58%

Track Record

2 years

#3,174 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,943+19.4%

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

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 36.8% of fund✓ well diversified

NVIDIA Corp.
7.6%
Apple Inc.
6.7%
Microsoft Corp.
4.8%
Amazon.com, Inc.
3.7%
Vanguard World Fund
3.7%
Alphabet Inc.
2.8%
Broadcom Inc
2.6%
Tesla Inc
1.8%
Alphabet Inc.
1.6%
Berkshire Hathaway Inc.
1.6%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
11.2%Moderate

Year-on-year price swings

Max drawdown
-17.5%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 managed ETF that invests primarily in equity securities of companies included in the S&P 500 Index, employing a dynamic options overwrite strategy to generate income. Aims for capital appreciation while providing monthly distributions, with a significant portion potentially treated as return of capital.
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

What's next?

You've looked at GPIX. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-02