Nasdaq-100 Core Premium Income ETF

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is an actively managed fund that holds Nasdaq-100 stocks. It also sells call options on part of the portfolio to pay monthly income. It sells calls on only 25% to 75% of its stock value rather than all of it, so it keeps part of the upside. Its 0.29% expense ratio is about half the 0.58% average for similar Nasdaq-100 option-income funds.

• Over the year to Oct 27, 2026, GPIQ returned +16.1%, 3rd of 9 among similar funds.
• Its worst full calendar year was 2025 (+19.8%); its best was 2024 (+23.2%).
• The deepest fall in its price history was 21.1% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.

Living on GPIQ: its income record, cuts, and how much a $1,000 monthly income takes →

As of Jun 30, 2026, the fund held 102 securities; the ten largest made up 44.42% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $1.30B (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +12.70%, +8.47%, +0.66%.

GPIQ is actively managed, not an index fund, but it stays close to its benchmark, the Nasdaq-100. At least 80% of its net assets go into companies in that index, generally at about their index weights. The managers may hold some stocks at different weights or leave some out, for example for tax reasons. The stock portion is rebalanced on the index's own schedule. As of June 30, 2026, the fund held 102 stocks. The largest were NVIDIA (7.5%), Apple (6.6%) and Micron Technology (5.6%).

To earn income, the fund sells (writes) call options. A call option gives its buyer the right to buy at a set price. The fund collects an upfront fee, called a premium, and in return gives up gains above that price. GPIQ sells calls on 25% to 75% of its stock value and changes that level over time. It generally writes them on an index-tracking ETF rather than on the stocks it owns. As of June 30, 2026, its options were on Invesco QQQ Trust, with Morgan Stanley as the counterparty.

The trade-off: premiums can help in flat, falling or gently rising markets, but the fund can lag badly in a sharp rally. It aims to pay monthly at a relatively stable rate, with no guarantee. Much of the payout may count as return of capital, a tax label for money treated as a return of your own investment.

• GPIQ charges 0.29% a year, versus an average of 0.58% for the similar funds below (2nd of 9, cheapest first).
• Of that, 0.35% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.06% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $437 over 10 years (assuming a 5% annual return).

GPIQ is built to pay monthly distributions from option premiums while still holding the full Nasdaq-100 stock portfolio.

GPIQ could add monthly income to a retirement portfolio. Its trailing 12-month yield was 10.21% as of October 27, 2026, though payouts can vary and part may be return of capital. Under the SEC's standard $10,000 example, its 0.29% expense ratio comes to $30 in the first year and $437 over 10 years. The fund launched in October 2023, so it has no record through the 2008, 2020 or 2022 downturns. Its deepest drop was 21.1%, from February 19 to April 8, 2025. It recovered by June 24, 2025, about 2.5 months later. Its weakest calendar year, 2025, still returned 19.83%, but that is only two full years of history. Someone drawing income in a slump could still have to sell shares at lower prices, and heavy technology exposure adds risk. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.