AAPY
Kurv Yield Premium Strategy Apple (AAPL) ETF
AAPY seeks to provide current income and capped gains on the Apple stock (AAPL) through a synthetic covered call strategy, collateralized by cash and short-term fixed-income instruments. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 5.1 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Oct 27, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 06/11/2026 | 47.2 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 25.4 % |
| UNITED STATES TREASURY BILL 12/24/2026 | 20.3 % |
| AAPL 06/18/2026 190 C | 8.4 % |
| AAPL 06/18/2026 265 C | 3.5 % |
| CASH & OTHER | 2.0 % |
| AAPL 06/18/2026 235 P | 0.8 % |
| AAPL 04/02/2026 255 C | -0.4 % |
| AAPL 06/18/2026 265 P | -7.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.9% | -8.6% | -3.1% | -- | -- | -- | -- | -2.8% |
| Dividend Yield | 2.1% | 13.1% | 16.3% | -- | -- | -- | -- | 15.7% |
| Total Returns | -3.8% | 4.5% | 13.3% | -- | -- | -- | -- | 13.0% | Ann. Volatility | 30.6% | 27.6% | 23.5% | -- | -- | -- | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 58% |
| MSCI EAFE | 1.00 | 35% |
| MSCI Emg Mkts | 0.82 | 29% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $22.41 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.38/-0.37 |
| Bollinger Bands (Upper/Lower) | $23.30/$21.15 |
| Short interest (% of AUM) | 3.5% |
Distributions
Bid/Ask Spreads
35 bp
AVG SPREAD
12 —
257 bp
RANGE