- What does AAPY invest in?
- The Fund seeks to provide current income its secondary investment objective is to seek exposure to the share price of the common stock of Apple Inc, subject to a limit on potential investment gains. The Fund seeks to employ its investment strategy as it relates to AAPL in all market, economic, or other conditions.
- What is the expense ratio of AAPY?
- Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.
- What is AAPY's distribution yield?
- AAPY's trailing-twelve-month yield is 11.29%, calculated from the sum of distributions over the past year divided by the current price.
- How does AAPY's covered-call strategy work?
- AAPY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is AAPY?
- Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) manages $7.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is AAPY actively managed or an index fund?
- AAPY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
