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About Kurv Yield Premium Strategy Apple (AAPL) ETF
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Inception date
Oct 27, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Kurv Investment Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US5009485005
AAPY aims to generate monthly income while providing exposure to the price returns of Apple stock (AAPL), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) short-term fixed income instruments. The synthetic long exposure seeks to replicate the price movements of AAPL by purchasing and selling at-the-money calls and puts with one-month to one-year terms. To generate income, the fund writes out-of-the-money call options with similar expirations and a strike price approximately 5%-15% above AAPL's share price. This limits the participation in potential gains if AAPL shares increase in value. The short put positions fully expose investors to the downside of the stock. The fund may also invest directly in AAPL shares and the combined direct and synthetic long position will not exceed 100% of net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government81.21%
Rights & Warrants15.84%
Mutual fund2.99%
Cash−0.03%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AAPY top holdings are United States Treasury Bills 0.0% 19-MAR-2026 and United States Treasury Bills 0.0% 11-JUN-2026, occupying 40.12% and 21.36% of the portfolio correspondingly.
AAPY last dividends amounted to 0.25 USD. The month before, the issuer paid 0.25 USD in dividends,
AAPY assets under management is 5.04 M USD. It's risen 7.46% over the last month.
AAPY fund flows account for 3.50 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AAPY pays dividends to its holders with the dividend yield of 11.99%. The last dividend (Oct 23, 2025) amounted to 0.25 USD. The dividends are paid monthly.
AAPY shares are issued by Kurv Investment, Inc. under the brand Kurv. The ETF was launched on Oct 27, 2023, and its management style is Active.
AAPY expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
AAPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AAPY invests in bonds.
AAPY price has risen by 7.23% over the last month, and its yearly performance shows a −8.50% decrease. See more dynamics on AAPY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 11.38% increase in three-month performance and has increased by 12.71% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 11.38% increase in three-month performance and has increased by 12.71% in a year.
AAPY trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.