Gateway Equity Call Premium Fund (GCPYX)
The investment seeks total return with less risk than U.S. equity markets. The fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity securities. It ordinarily invests in a broadly diversified equity portfolio, while also writing (selling) index call options with an aggregate notional value approximately equal to the market value of the equity portfolio. The fund may invest in foreign securities traded in U.S. markets (through ADRs or stocks traded in U.S. dollars). It may enter into repurchase agreements and/or hold cash and cash equivalents.
Fund Info
US3678298270
367829827
Sep 29, 2014
$100,000
Expense Ratio
GCPYX features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gateway Equity Call Premium Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Gateway Equity Call Premium Fund had a return of 3.43% year-to-date (YTD) and 17.63% in the last 12 months. Over the past 10 years, Gateway Equity Call Premium Fund had an annualized return of 8.41%, while the S&P 500 had an annualized return of 11.29%, indicating that Gateway Equity Call Premium Fund did not perform as well as the benchmark.
GCPYX
3.43%
1.94%
8.46%
17.63%
9.86%
8.41%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GCPYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.27% | 3.43% | |||||||||||
| 2024 | 1.29% | 3.31% | 1.68% | -2.22% | 3.80% | 2.10% | 1.02% | 1.75% | 1.31% | -0.05% | 4.07% | -1.48% | 17.68% |
| 2023 | 3.91% | -0.66% | 2.60% | 1.75% | 1.15% | 3.21% | 1.72% | -0.06% | -2.92% | -1.31% | 4.91% | 2.31% | 17.59% |
| 2022 | -3.19% | -2.48% | 2.22% | -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% | 4.08% | 2.16% | 1.32% | 1.88% | 0.96% | 2.23% | -2.65% | 4.55% | -0.67% | 2.75% | 19.44% |
| 2020 | -0.15% | -7.59% | -8.87% | 6.94% | 2.90% | 1.54% | 3.85% | 3.55% | -1.63% | -1.24% | 7.78% | 2.44% | 8.38% |
| 2019 | 3.89% | 1.70% | 1.17% | 1.91% | -3.74% | 4.25% | 1.06% | -1.05% | 1.57% | 2.09% | 1.49% | 1.43% | 16.69% |
| 2018 | 0.99% | -2.54% | -1.77% | 1.11% | 1.95% | 0.27% | 2.66% | 1.38% | 0.83% | -5.17% | 1.34% | -6.11% | -5.36% |
| 2017 | 1.29% | 1.54% | 0.46% | 0.98% | 0.79% | 0.63% | 1.13% | 0.69% | 1.30% | 0.85% | 1.26% | 0.66% | 12.22% |
| 2016 | -3.82% | 0.10% | 2.87% | 0.79% | 1.87% | 0.40% | 1.54% | 0.66% | 0.67% | -0.47% | 2.36% | 0.76% | 7.85% |
| 2015 | -1.00% | 3.04% | -0.04% | 1.09% | 1.27% | -0.62% | 1.85% | -5.17% | -0.21% | 3.55% | 0.69% | -0.19% | 4.04% |
| 2014 | -0.30% | 0.70% | -0.26% | 0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, GCPYX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gateway Equity Call Premium Fund (GCPYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Gateway Equity Call Premium Fund provided a 0.71% dividend yield over the last twelve months, with an annual payout of $0.15 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.16 | $0.14 | $0.10 | $0.12 | $0.14 | $0.13 | $0.13 | $0.13 | $0.15 | $0.04 |
Dividend yield | 0.71% | 0.74% | 0.92% | 0.95% | 0.59% | 0.82% | 1.08% | 1.12% | 1.03% | 1.16% | 1.48% | 0.43% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 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 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.12 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.14 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.13 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.13 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.13 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.15 |
| 2014 | $0.04 | $0.04 |
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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.24% | Feb 20, 2020 | 23 | Mar 23, 2020 | 159 | Nov 5, 2020 | 182 |
| -18.33% | Jan 4, 2022 | 187 | Sep 30, 2022 | 198 | Jul 18, 2023 | 385 |
| -14.29% | Oct 4, 2018 | 56 | Dec 24, 2018 | 145 | Jul 24, 2019 | 201 |
| -9.08% | Aug 11, 2015 | 11 | Aug 25, 2015 | 194 | Jun 2, 2016 | 205 |
| -6.6% | Jan 29, 2018 | 9 | Feb 8, 2018 | 103 | Jul 9, 2018 | 112 |
Volatility
Volatility Chart
The current Gateway Equity Call Premium Fund volatility is 2.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.