Kurv Yield Premium Strategy Tesla (TSLA) ETF

TSLP
Distribution Information
as of ––
Distributions
Monthly
Distribution Rate
25.91%
Distribution Amount / Share ($)
$0.5138
30-Day SEC Yield
3.75%
Unsubsidized 30-Day SEC Yield
3.60%
Snapshot
Ticker
TSLP
ISIN
US78433H7668
Listing Exchange
Cboe BZX
CUSIP
78433H766
Inception Date
10/26/23
Gross Expense Ratio
1.15%
Net Expense Ratio
0.99%
NAV Calculation Time
4:00pm ET
Distributions
Monthly
Price
as of ––
NAV (Net Asset Value)
$––
NAV Change
$–– (––%)
Market Price
$––
Market Price Change
$–– (––%)
Trading Volume
––
30-Day Median Bid Ask Spread
––
Premium / Discount
––
Distribution Information
as of ––
Distributions
Monthly
Distribution Rate
25.91%
Distribution Amount / Share ($)
$0.5138
30-Day SEC Yield
3.75%
Unsubsidized 30-Day SEC Yield
3.60%
Distribution Rate
25.91%
30-Day SEC Yield
3.75%
Total Returns
as of ––
25.91%

Potential Benefits of Kurv’s Yield Premium Strategy ETF

  • Enhanced income strategies focused on generating monthly cash flow through diversified multiple sources, including harvesting covered call option premiums, dividends, and interest income
  • Dynamic optimization: balance between income vs. capital appreciation potential in certain rising market
  • Lower beta to underlying stock could be used as a defensive substitute for single stock investments
  • Tax advantage: option premiums may not be immediately taxed, and therefore has the potential to offset short-term tax liabilities

Potential Benefits of Kurv’s Technology Titans Select ETF

  • Removing non-technology companies helps to gain purer exposure to the top technology growth stocks through smart security selection
  • Dynamic optimization: balance between physical and/or synthetic company exposure
  • To seek maximum growth, names are weighted based on momentum signals
  • Writing covered calls seeks to generate income on a stock with limited upside potential or low price momentum which can also serve as potential downside mitigation

Investment Objective

Kurv Yield Premium Strategy Tesla (TSLA) ETF seeks to provide current income while maintaining the opportunity for exposure to the share price of the common stock of Tesla, Inc., subject to a limit on potential investment gains.

Important Risk Information

The Fund is a unique investment product that may not be suitable for all investors. An investor should consider investing in the Fund if it, among other reasons, fully understands the risks inherent in an investment in the Fund’s Shares. There is no guarantee that the Fund, in the future will provide the opportunity for upside participation to the price exposure of underlying. There may be limits on upside participation to the price exposure of underlying under certain market conditions. There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment. In addition, an investor may lose its investment even if the strategy is properly implemented.

Monthly Total Return

as of ––
TSLP
NAV
Market Price
Nasdaq 100 TR
Nasdaq Top 15
Inception Date
10/26/2023
10/26/2023
10/26/2023
10/26/2023
No monthly total returns at this time

Quarterly Total Return

as of ––
TSLP
NAV
Market Price
Nasdaq 100 TR
Nasdaq Top 15
Inception Date
10/26/2023
10/26/2023
10/26/2023
10/26/2023
No quarterly total returns at this time

Growth of $10,000

Since inception

Historical Premium/Discount

Days Traded at Premium
Days Traded at Net Asset Value
Days Traded at Discount
Partial year of 2023 Since Inception
––
––
––
1st Quarter of 2024
––
––
––
No Historical Premium/Discount data at this time

Holdings

as of ––
Ticker
CUSIP
Description
Quantity
Market Value
% of fund
* Holdings are subject to change without notice

Distributions

Declaration Date
Ex-Dividend Date
Record Date
Payable Date
$ per Share
12/23/2024
12/24/2024
12/24/2024
12/26/2024
--
11/19/2024
11/20/2024
11/20/2024
11/21/2024
--
10/22/2024
10/23/2024
10/23/2024
10/24/2024
--
9/24/2024
9/25/2024
9/25/2024
9/26/2024
$0.5158
8/20/2024
8/21/2024
8/21/2024
8/22/2024
$0.5113
7/23/2024
7/24/2024
7/24/2024
7/25/2024
$0.4990
6/25/2024
6/26/2024
6/26/2024
6/27/2024
$0.4430
5/21/2024
5/22/2024
5/23/2024
5/24/2024
$0.4387
4/23/2024
4/24/2024
4/25/2024
4/26/2024
$0.4239
3/19/2024
3/20/2024
3/21/2024
3/22/2024
$0.5189
2/20/2024
2/21/2024
2/22/2024
2/23/2024
$0.3130
1/23/2024
1/24/2024
1/25/2024
1/26/2024
$0.5555
12/19/2023
12/20/2023
12/21/2023
12/22/2023
$0.6664
11/21/2023
11/22/2023
11/24/2023
11/27/2023
$0.5775
There has been no distribution for this fund.
Declaration Date
12/23/2024
Ex-Dividend Date
12/24/2024
Record Date
12/24/2024
Payable Date
12/26/2024
Amount ($)
--
Declaration Date
11/19/2024
Ex-Dividend Date
11/20/2024
Record Date
11/20/2024
Payable Date
11/21/2024
Amount ($)
--
Declaration Date
10/22/2024
Ex-Dividend Date
10/23/2024
Record Date
10/23/2024
Payable Date
10/24/2024
Amount ($)
--
Declaration Date
9/24/2024
Ex-Dividend Date
9/25/2024
Record Date
9/25/2024
Payable Date
9/26/2024
Amount ($)
$0.5158
Declaration Date
8/20/2024
Ex-Dividend Date
8/21/2024
Record Date
8/21/2024
Payable Date
8/22/2024
Amount ($)
$0.5113
Declaration Date
7/23/2024
Ex-Dividend Date
7/24/2024
Record Date
7/24/2024
Payable Date
7/25/2024
Amount ($)
$0.4990
Declaration Date
6/25/2024
Ex-Dividend Date
6/26/2024
Record Date
6/26/2024
Payable Date
6/27/2024
Amount ($)
$0.4430
Declaration Date
5/21/2024
Ex-Dividend Date
5/22/2024
Record Date
5/23/2024
Payable Date
5/24/2024
Amount ($)
$0.4387
Declaration Date
4/23/2024
Ex-Dividend Date
4/24/2024
Record Date
4/25/2024
Payable Date
4/26/2024
Amount ($)
$0.4239
Declaration Date
3/19/2024
Ex-Dividend Date
3/20/2024
Record Date
3/21/2024
Payable Date
3/22/2024
Amount ($)
$0.5189
Declaration Date
2/20/2024
Ex-Dividend Date
2/21/2024
Record Date
2/22/2024
Payable Date
2/23/2024
Amount ($)
$0.3130
Declaration Date
1/23/2024
Ex-Dividend Date
1/24/2024
Record Date
1/25/2024
Payable Date
1/26/2024
Amount ($)
$0.5555
Declaration Date
12/19/2023
Ex-Dividend Date
12/20/2023
Record Date
12/21/2023
Payable Date
12/22/2023
Amount ($)
$0.6664
Declaration Date
11/21/2023
Ex-Dividend Date
11/22/2023
Record Date
11/24/2023
Payable Date
11/27/2023
Amount ($)
$0.5775

About Tesla

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.

Important information:

The Fund is an actively managed exchange traded fund that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of the common stock of Tesla Inc. (“TSLA”); however the strategy limits potential investment gains related to share price appreciation. The Fund seeks to employ its investment strategy as it relates to TSLA in all market, economic, or other conditions. The Fund uses a synthetic covered call strategy to provide (1) income derived from options premiums and (2) exposure to the share price returns of TSLA, subject to a limit on potential share price returns on TSLA as a result of the nature of the options strategy it employs. To replicate the returns of the underlying stock, the Sub-Adviser will purchase at the money call options and sell put options with the same expiration date and the same strike price that may range from 1-12 months from expiry. The Fund from time to time may also invest directly in shares of TSLA.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Tesla Risk. Tesla faces risks related to its operations including, among others, risks related to impacts from macroeconomic conditions resulting from the global COVID-19 pandemic; electric vehicle and lithium-ion battery cell production or factory construction delays; issues with manufacturing lithium-ion cells or other components for its electric vehicles; uncontrollable manufacturing costs or supply delays or labor shortages; the ability to expand its international operations; its delivery and installation capabilities and servicing and vehicle charging networks; its ability to accurately project and effectively manage growth; consumer demand for electric vehicles; strong competition for products and services; product liability claims; and the ability to attract, hire and retain key employees or qualified personnel. Importantly, Tesla, Inc. is highly dependent on the services of Elon Musk, its Chief Executive Officer, and any actual or anticipated large transactions in Tesla’s common stock by Mr. Musk may cause the stock price to decline. The trading price of Tesla’s common stock historically has been and is likely to continue to be volatile. Additionally, a large proportion of Tesla’s common stock has been historically and may in the future be traded by short sellers which may put pressure on the supply and demand for its common stock, further influencing volatility in its market price. Tesla, Inc. is a highly dynamic company, and its operations, including its products and services, may change.

Indirect investment risk. The underlying companies are not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate action that might affect the value of Shares. Investors in the Funds will not have voting rights and will not be able to influence management of the underlying company but will be exposed to the performance of the underlying company’s stock or ETF. Investors in the Funds will not have rights to receive dividends or other distributions or any other rights with respect to the underlying stock or ETF, but will be subject to declines in the performance of the underlying stock.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying stock and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods. If, for example, each month the Fund were to sell 7% out-of-the-money call options having a one-month term, the Fund’s participation in the positive price returns of the underlying stock will be capped at 7% in any given month. However, over a longer period (e.g., 5 months), the Fund should not be expected to participate fully in the first 35% (i.e., 5 months x 7%) of the positive price returns of the underlying stock, or the Fund may even lose money, even if the underlying stock share price has appreciated by at least that much over such period, if during any month over that period the underlying stock had a return less than 7%. This example illustrates that both the Fund’s participation in the positive price returns of an underlying stock and its returns will depend not only on the price of the underlying stock but also on the path that such stock takes over time.

Counterparty Risk. A counterparty (the other party to a transaction or an agreement or the party with whom the Fund executes transactions) to a transaction with the Fund may be unable or unwilling to make timely principal, interest or settlement payments, or otherwise honor its obligations.

Covered Call Option Writing Risk. By writing covered call options, in return for the receipt of premiums, the Fund will give up the opportunity to benefit from potential increases in the value of the S&P 500®above the exercise prices of such options, but will continue to bear the risk of declines in the value of the S&P 500®. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying stocks over time. In addition, the Fund’s ability to sell the securities underlying the options will be limited while the options are in effect unless the Fund cancels out the option positions through the purchase of offsetting identical options prior to the expiration of the written options. Exchanges may suspend the trading of options in volatile markets. If trading is suspended, the Fund may be unable to write options at times that may be desirable or advantageous to do so, which may increase the risk of tracking error.

U.S. Government and U.S. Agency Obligations Risk. The Fund may invest in securities issued by the U.S. government or its agencies or instrumentalities. U.S. Government obligations include securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, such as the U.S. Treasury.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying stock or ETF over the Call Period. This means that if the underlying stock or ETF experiences an increase in value above the strike price of the sold call options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the underlying stock or ETF over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the underlying stock or ETF over each Call Period, but has full exposure to any decreases in value experienced by the underlying stock or ETF over the Call Period, the NAV of the Fund may decrease over any given time period.

Fixed Income Risk. Investments in debt securities are subject  to credit risk which refers to the possibility that the issuer or other obligor will default on payments. Generally, the value of debt securities will change inversely with changes in interest rates.

Distribution Rate is the annual yield an investor would receive if the most recently declared distribution,  which includes option premium, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by 365 divided by the days in the most current month, and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

30-day SEC Yield is based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30-day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.

Unsubsidized 30-Day SEC Yield represents what a fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period.

The Distribution Rate and 30-day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

1 The Fund’s adviser has contractually agreed to waive its fees and reimburse expenses of the Fund until December 31, 2024, so that the Total Annual Operating Expenses After Fee Waiver and Reimbursement (excluding: (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses; (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes; and (vi) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, contractual indemnification of Fund service providers (other than the adviser)) will not exceed 0.99%, of average daily net assets. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund within the three years after the fees have been waived or reimbursed, if such recoupment can be achieved within the lesser of the foregoing expense limits or the expense limits in place at the time of recoupment. This agreement may be terminated only by the Board of Trustees on 60 days’ written notice to the adviser.

Kurv Invest ahead

You are entering kurvinvest.com

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds are authorized for sale. By proceeding, you are confirming you understand that Kurv Investment Management LLC or its affiliates (collectively, “Kurv”), makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed at this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

This section of the website is operated by Kurv, and is only directed at U.S. investors or those otherwise authorized to conduct investment business in the U.S. Persons resident in territories other than the United States should not access this website.

It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by affiliates of Kurv. Additionally, certain of the funds described in the following pages may be marketed in certain jurisdictions only. Any entity forwarding the material or information contained on this website, which is produced by Kurv in the United States, to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.

This website only includes information on those funds that are registered for sale in the United States.

By accessing this website, you are confirming that you agree to the Terms and Conditions of this website and that you are resident in the United States or those otherwise authorized to conduct investment business in the U.S.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and Kurv is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. Kurv recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements).

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, ARK may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the ARK website.

The Kurv ETFs are distributed by Foreside Fund Services, LLC (“Foreside“), which is not affiliated with Kurv Investment Management LLC. Check the background of Foreside on FINRA’s BrokerCheck.

You should carefully consider the investment objective, risks, charges and expenses of a Fund before investing. A Fund’s prospectus and summary prospectus contain this and other important information about a Fund, which can be obtained by clicking the corresponding link or dialing the indicated phone number herein. Please read the appropriate prospectus carefully before investing.

GENERAL RISK FACTORS

You should be aware that past performance is not a reliable indicator of future performance. Please note that the price of units or shares and the income from them can fall as well as rise and you may not get back the amount originally invested. Income receivable may vary from the amount of income projected at the time of making the investment.

Exchange rate fluctuations may affect the value of an investment and any income derived from it.

If you exercise any right to redeem, you may not get back the amount initially invested if the unit or share price has fallen since you invested. Deductions for charges and expenses, particularly the initial charge (if any), are not made uniformly throughout the life of the investment, so if you redeem out of the investment during the early years, you may not get back the amount invested.

There can be no guarantee that the tax position or proposed tax position prevailing at the time of an investment will not change. Dividends and capital gains on securities issued in the relevant funds may be subject to withholding taxes imposed by the countries in which each particular fund invests.

The offering documents for the investment funds contain important information summarizing the relevant risk factors pertaining to the investment or relevant funds. Please note, however, that no summary of risk factors is exhaustive, and there may be other risks that could affect your investment. For your own benefit and protection you should read the most recent offering documents (including any relevant supplements) carefully before investing. If you do not understand any point please ask for further information.

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject any of the funds described herein, ARK (including its affiliates) or any of their products or services to any registration, licensing or other authorization requirement within such jurisdiction or country. Nothing on this website shall be considered a solicitation to buy or sell a security, product or service (including advisory service) to any person.

HYPERLINKS

Kurv does not recommend or endorse and accepts no responsibility for the content of any website not operated by Kurv which you may visit by following a link from this website. You acknowledge and agree that neither Kurv nor any of its affiliates is responsible for the availability of such third-party websites or resources, does not endorse, approve, investigate or verify, and is not responsible or liable for any content, advertising, products, or other materials on or available from such websites or resources. You further agree that neither Kurv nor any of its affiliates shall be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, products or services available on such external websites or resources. These links are provided as a convenience and solely for informational purposes. Kurv is not making any recommendation to invest in, purchase, or sell any securities or other products or services offered on the linked websites, nor has Kurv sought to verify or confirm the information contained in the linked websites. Accordingly, Kurv disclaims any responsibility for the linked websites.

No other website, without the prior written permission of Kurv, is authorized to link to any part of this website.

COOKIES

Kurv uses cookies for collecting user information from certain pages of this website. A cookie is a file that is stored on the hard disk of a computer by the web browser on a computer. It contains information sent by the website that a user has visited. A cookie identifies users and can store information about them and their use of a website. Kurv uses cookies to keep track of user activity, which allows Kurv to identify which areas of the website are more interesting to the users so that improvements can be made to this website.Kurv expressly reserves the right to monitor any use of this website.

I confirm that I have read and accept the Terms and Conditions of using this website and that I am based in the United States or those otherwise authorized to conduct investment business in the United States.
CancelI agree