Kurv Yield Premium Strategy Apple (AAPL) ETF

Frequently Asked Questions About AAPY

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 10.70%, 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 $8.0M 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.