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About Kurv Yield Premium Strategy Amazon (AMZN) ETF
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Inception date
Oct 31, 2023
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Kurv Investment Management LLC
Distributor
Foreside Fund Services LLC
AMZP aims to generate monthly income while providing exposure to the price returns of Amazon stock (AMZN), 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 AMZN 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 AMZN's share price. This limits the participation in potential gains if AMZN shares increase in value. The short put positions fully expose investors to the downside of the stock. The fund may also invest directly in AMZN shares and the combined direct and synthetic long position will not exceed 100% of net assets.
Classification
What's in the fund
Exposure type
Government
Rights & Warrants
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.