AAA

Kurv Yield Premium Strategy Apple (AAPL) ETF

No trades
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Key stats


Assets under management (AUM)
‪1.92 M‬USD
Fund flows (1Y)
‪1.31 M‬USD
Dividend yield (indicated)
11.51%
Discount/Premium to NAV
0.001%

About Kurv Yield Premium Strategy Apple (AAPL) ETF


Issuer
Kurv Investment Management LLC
Brand
Kurv
Expense ratio
1.00%
Inception date
Oct 27, 2023
Index tracked
No Underlying Index
Management style
Active
AAPY aims to generate monthly income while providing exposure to the price returns of Apple stock (AAPL), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) short-term fixed income instruments. The synthetic long exposure seeks to replicate the price movements of AAPL by purchasing and selling at-the-money calls and puts with one-month to one-year terms. To generate income, the fund writes out-of-the-money call options with similar expirations and a strike price approximately 5%-15% above AAPL's share price. This limits the participation in potential gains if AAPL shares increase in value. The short put positions fully expose investors to the downside of the stock. The fund may also invest directly in AAPL shares and the combined direct and synthetic long position will not exceed 100% of net assets.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Strategy
Buy-write
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 26, 2024
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Bonds, Cash & Other100.00%
Government81.82%
Mutual fund15.64%
Cash2.17%
Rights & Warrants0.36%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows