- ISIN
- US3678298270
- CUSIP
- 367829827
- Issuer
- Natixis
- Inception Date
- Sep 29, 2014
- Category
- Options Trading
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
GCPYX Performance Chart
Gateway Equity Call Premium Fund (GCPYX) is up 5.5% since the beginning of the year. GCPYX is currently trading at $24 per share. Investors who bought $1,000 worth of GCPYX shares 5 years ago would now be looking at an investment worth $1,592.
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Returns By Period
Gateway Equity Call Premium Fund (GCPYX) has returned 5.51% so far this year and 20.49% over the past 12 months. Over the last ten years, GCPYX has returned 9.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Gateway Equity Call Premium Fund
- 1D
- 0.17%
- 1M
- 2.89%
- YTD
- 5.51%
- 6M
- 6.63%
- 1Y
- 20.49%
- 3Y*
- 14.36%
- 5Y*
- 9.74%
- 10Y*
- 9.50%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
GCPYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2014, GCPYX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +7.8%, while the worst month was Mar 2020 at -8.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GCPYX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Mar 16, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | 0.09% | -4.17% | 5.50% | 2.89% | 0.17% | 5.51% | ||||||
| 2025 | 2.56% | -3.77% | -1.89% | -1.66% | 3.27% | 3.25% | 2.13% | 2.09% | 1.86% | 1.91% | 1.05% | 1.38% | 12.59% |
| 2024 | 1.29% | 3.31% | 1.68% | -2.22% | 3.80% | 2.10% | 1.02% | 1.75% | 1.32% | -0.05% | 4.07% | -1.09% | 18.15% |
| 2023 | 3.91% | -0.66% | 2.59% | 1.75% | 1.15% | 3.20% | 1.71% | -0.06% | -2.92% | -1.31% | 4.91% | 2.31% | 17.59% |
| 2022 | -3.19% | -2.48% | 2.23% | -5.80% | 0.07% | -4.94% | 5.23% | -3.05% | -6.87% | 6.11% | 4.30% | -2.65% | -11.48% |
| 2021 | -0.86% | 2.37% | 3.95% | 2.16% | 1.32% | 1.88% | 0.96% | 2.23% | -2.65% | 4.55% | -0.67% | 2.75% | 19.28% |
Benchmark Metrics
Gateway Equity Call Premium Fund has an annualized alpha of 0.69%, beta of 0.63, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since October 02, 2014.
- This fund participated in 63.92% of S&P 500 Index downside but only 59.47% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.69%
- Beta
- 0.63
- R²
- 0.87
- Upside Capture
- 59.47%
- Downside Capture
- 63.92%
Expense Ratio
GCPYX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCPYX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Gateway Equity Call Premium Fund (GCPYX) and compare them to S&P 500 Index.
| GCPYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.90 | 2.39 | +0.51 |
Sortino ratioReturn per unit of downside risk | 4.21 | 3.25 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.11 | +0.51 |
Martin ratioReturn relative to average drawdown | 19.07 | 14.38 | +4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Gateway Equity Call Premium Fund provided a 0.41% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.15 | $0.16 | $0.14 | $0.08 | $0.12 | $0.14 | $0.13 | $0.12 | $0.13 | $0.15 |
Dividend yield | 0.41% | 0.44% | 0.73% | 0.92% | 0.96% | 0.47% | 0.82% | 1.07% | 1.12% | 1.03% | 1.15% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Gateway Equity Call Premium Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gateway Equity Call Premium Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gateway Equity Call Premium Fund was 25.24%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.24%Mar 2020 | 1mo 2d | 7mo 17d | 8mo 19dFeb 2020 - Nov 2020 |
Bear market2022 | -18.33%Sep 2022 | 8mo 29d | 9mo 21d | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -15.49%Apr 2025 | 1mo 19d | 3mo 16d | 5mo 5dFeb 2025 - Jul 2025 |
Rate-hike selloffLate 2018 | -14.29%Dec 2018 | 2mo 21d | 7mo 2d | 9mo 23dOct 2018 - Jul 2019 |
2015 pullback2015 | -9.08%Aug 2015 | 7d | 9mo 12d | 9mo 19dAug 2015 - Jun 2016 |
Drawdown Indicators
| GCPYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.24% | -56.78% | +31.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -9.10% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -18.90% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.33% | -25.43% | +7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -33.92% | +8.68% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -10.72% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.97% | +0.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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