Kurv Yield Premium Strategy Apple ETF
An income-focused ETF offering monthly cash flow from AAPL with capped upside.
Target individual growth stocks to capture upside potential while actively managing risk with options.
Generate potential monthly cash flow from growth equity that distributes little or no dividends.
Captures tax-efficient income using options-based strategies and actively managing risk with options.
Investment Objective & Strategy
Kurv Yield Premium Strategy Apple (AAPL) ETF seeks to provide current income while maintaining the opportunity for exposure to the share price of the common stock of Apple Inc., subject to a limit on potential investment gains.
Snapshot
Price
Fund Performance
1M | 3M | 6M | YTD | Since Inception | |
|---|---|---|---|---|---|
NAV | 1M 3.18% | 3M 0.04% | 6M 19.89% | YTD 15.37% | Since Inception 59.59% |
Market Price | 1M 3.20% | 3M -0.25% | 6M 19.68% | YTD 15.17% | Since Inception 59.51% |
1Y | Since Inception | |
|---|---|---|
NAV | 1Y 28.88% | Since Inception 17.83% |
Market Price | 1Y 28.99% | Since Inception 17.81% |
Growth of $10,000
The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.
Distributions
Holdings
Ticker | CUSIP | Description | Quantity | Market Value | % of fund |
|---|---|---|---|---|---|
| Ticker | CUSIP | Description | Shares | Market Value | Weight |
Apple: A Global Leader in Innovation
Building the world’s most iconic ecosystem of devices, services, and software.
Apple is a global technology leader with a deeply integrated ecosystem of devices and services. Its combination of category-defining hardware, high-margin recurring services, and strong brand loyalty supports a resilient, long-term growth model.
Frequently Asked Questions
Can I get income from a stock that pays no dividend?
Yes, though the income is not a dividend. Many of the largest technology companies pay little or nothing in dividends, so an income investor wanting exposure to them has historically had to give up yield. Selling options on that exposure generates premium, and that premium can be distributed as cash. You are effectively converting some of the stock's expected upside into current income — which is the trade-off, and the reason upside is capped. Distributions are variable and not guaranteed.
What happens to my income if the underlying stock drops sharply?
Two things, and they pull in opposite directions. A sharp drop usually raises volatility, and higher volatility means richer option premiums — so the income side may hold up or even improve. But the fund still holds exposure to the stock, so the value of your investment falls with it. Option income cushions a decline; it does not prevent one. It is also worth knowing that a large drawdown can change the distribution's composition, increasing the share classified as return of capital.
How do single-stock income ETFs work, and what are the risks?
A single-stock income ETF seeks exposure to one company's share price while selling options on that stock to generate income. The Kurv Yield Premium Strategy Microsoft ETF (MSFY), for example, seeks current income while maintaining the opportunity for exposure to Microsoft's share price, subject to a limit on potential investment gains. Three risks to understand. First, upside is capped — if the stock runs sharply, you will not capture all of it. Second, downside is not protected: you still carry the company's share-price risk. Third, there is no diversification; one company's earnings, management and regulatory position drive the entire holding.
What happens to my income if the underlying stock drops sharply?
Two things, and they pull in opposite directions. A sharp drop usually raises volatility, and higher volatility means richer option premiums — so the income side may hold up or even improve. But the fund still holds exposure to the stock, so the value of your investment falls with it. Option income cushions a decline; it does not prevent one. It is also worth knowing that a large drawdown can change the distribution's composition, increasing the share classified as return of capital.
Can I get income from a stock that pays no dividend?
Yes, though the income is not a dividend. Many of the largest technology companies pay little or nothing in dividends, so an income investor wanting exposure to them has historically had to give up yield. Selling options on that exposure generates premium, and that premium can be distributed as cash. You are effectively converting some of the stock's expected upside into current income — which is the trade-off, and the reason upside is capped. Distributions are variable and not guaranteed.
How do single-stock income ETFs work, and what are the risks?
A single-stock income ETF seeks exposure to one company's share price while selling options on that stock to generate income. The Kurv Yield Premium Strategy Microsoft ETF (MSFY), for example, seeks current income while maintaining the opportunity for exposure to Microsoft's share price, subject to a limit on potential investment gains. Three risks to understand. First, upside is capped — if the stock runs sharply, you will not capture all of it. Second, downside is not protected: you still carry the company's share-price risk. Third, there is no diversification; one company's earnings, management and regulatory position drive the entire holding.