$GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF(GPIX)$ is an actively managed exchange-traded fund designed to generate high current income while preserving potential for capital appreciation.
Launched in October 2023, GPIX combines a core equity portfolio mirroring the S&P 500 with a dynamic, partial covered-call (options overwrite) strategy. By selling index options on a portion of its holdings, the fund monetizes market volatility to deliver attractive monthly distributions. Unlike full-overwrite funds that cap most stock gains, GPIX leaves a significant share of its equity portfolio uncovered, allowing investors to capture a large majority of S&P 500 upside alongside regular cash flow.
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