GCPTX Fees and Costs — Gateway Equity Call Premium Fund, Class T
Data updated: 2026-08-28
The net expense ratio is 0.93%: a 0.58% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $50K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 18%.
GCPTX Fees and Expenses
Annual operating expenses and sales charges of GCPTX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GCPTX Costs Over Time
On $10,000 invested in GCPTX, assuming 5% a year before costs, total costs come to $898 over 5 years, cutting the return by 1.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 0.93%) | $95 | $297 | $516 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $13 | $54 | $122 |
| Total costs | $360 | $608 | $898 |
| Value after costs | $10,140 | $10,969 | $11,865 |
| Impact on return, per year | 3.60% | 1.87% | 1.52% |
GCPTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0184%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
GCPTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $19K | 39.11% |
| Goldman Sachs & Co. LLC | $10K | 20.38% |
| BofA Securities, Inc. | $10K | 19.31% |
| Piper Sandler & Co. | $8K | 15.66% |
| BNY Capital Markets, LLC | $3K | 5.54% |
GCPTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.4B | 100.00% |
Gateway Equity Call Premium Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCPNX | Class N | 0.63% | none |
| GCPYX | Class Y | 0.68% | none |
| GCPAX | Class A | 0.93% | 5.75% |
| GCPTX | Class T | 0.93% | 2.50% |
| GCPCX | Class C | 1.68% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.