- What does KCOP invest in?
- KCOP aims to provide monthly income by investing in copper, copper mining companies, and derivatives tied to copper ETPs and ETFs. The fund gains exposure through copper futures, FLEX and OTC options on copper-related ETPs and ETFs, as well as synthetic long positions, which may reach up to 200% of NAV. To generate income, KCOP employs a range of option strategies, including covered calls, naked calls and puts, spreads, collars, and risk reversals. While these generate premium income, they may also cap potential upside. The remainder of the portfolio is invested in USD-denominated, investment-grade fixed-income securities. The fund may also hold high-yield bonds (up to 20%), preferred securities (up to 15%), MBS and ABS, and select foreign or emerging market exposure. Derivatives used also include forward and futures contracts, options, and swaps. Up to 25% of the funds total assets may be invested in a wholly owned Cayman Islands subsidiary.
- What is the expense ratio of KCOP?
- Kurv Copper & Mining Enhanced Income ETF (KCOP) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.
- What is KCOP's distribution yield?
- KCOP's trailing-twelve-month yield is 7.07%, calculated from the sum of distributions over the past year divided by the current price.
- How does KCOP's covered-call strategy work?
- KCOP 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 KCOP?
- Kurv Copper & Mining Enhanced Income ETF (KCOP) manages $37.6M 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 KCOP actively managed or an index fund?
- KCOP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
