Distributions
Kurv Announces July Monthly Distributions
Kurv Announces July Monthly Distributions for the Kurv Yield Premium ETFs (TSLP, NFLP, AAPY, GOOP, AMZP, MSFY)
San Francisco, CA. (July 23, 2024): Kurv Investment Management LLC (“Kurv”), a tax-aware ETF solutions provider, has announced July monthly distributions for the Yield Premium ETFs. This suite of products is focused on generating monthly income that may not be immediately taxable, while maintaining price appreciation potential.
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.
For the standardized performance and prospectus of each ETF, please click on the corresponding ticker: TSLP | NFLP | AAPY | GOOP | AMZP | MSFY
All Kurv Yield Premium Strategy ETFs have a net expense ratio of 0.99%.
Gross expense ratio is 1.16%. 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.
About Kurv Investment Management
Kurv Investment Management is a tax-aware, option-based investment manager founded by a team of highly experienced professionals from industry-leading firms. Kurv Investment Management removes costly and complicated barriers to entry and streamlines management and reporting to serve its mission to democratize access to high-caliber portfolio tools and investment options previously reserved for only the largest institutional investors.
Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (833) 955-5878 or view/download a prospectus here: TSLP | NFLP | AAPY | AMZP | GOOP | MSFY. Please read the prospectus carefully before you invest.
Investing in the fund involves a high degree of risk. Principal loss is possible.
Sector Risk. Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If the Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector. As a result, the Fund’s share price may fluctuate more widely than the value of shares of a fund that invests in a broader range of industries.
Single Issuer Risk. Issuer-specific attributes may cause an investment in the Funds 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. The Fund’s strategy will cap its potential gains if underlying shares increase in value. The Fund’s strategy is subject to all potential losses if underlying shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investors.
Fixed income risks – 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.
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.
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.
Active Management Risk. The Fund is actively managed, which means that investment decisions are made based on investment views. There is no guarantee that the investment views will produce the desired results or expected returns, which may cause the Fund to fail to meet its investment objective or to underperform its benchmark index or funds with similar investment objectives and strategies
Definitions:
Option: Options are financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price and date.
Covered Call: The term covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security. To execute this, an investor who holds a long position in an asset then writes (sells) call options on that same asset to generate an income stream. The investor’s long position in the asset is the cover because it means the seller can deliver the shares if the buyer of the call option chooses to exercise.
Option premium: option premium is the current market price of an option contract. It is the income received by the selling (writing) of an option contract to another party.
Beta: A measure of the volatility, or systematic risk, of a security or portfolio, in comparison to the market as a whole.
Kurv Yield Premium Strategy ETFs are distributed by Foreside Fund Services, LLC.