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KGLD
Kurv Gold Enhanced Income ETF
Kurv Investment Management LLC
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Kurv Gold Enhanced Income ETF seeks to maximize total return..
The Gold Fund seeks to exceed the price return of gold bullion by primarily investing in derivative instruments on gold bullion-related ETPs (ETFs and ETNs), backed by a portfolio of Fixed Income Instruments and Preferred Securities Instruments. Under normal circumstances, at least 80% of net assets are invested in physical gold, gold bullion-related ETP securities, or derivatives on gold or gold bullion-related ETPs. The Fund employs various option strategies—including covered calls, uncovered calls/puts, spreads, risk reversals, and protective puts—to generate income and/or preserve capital. Remaining assets not invested in gold-related instruments may be invested in investment-grade fixed income and preferred securities, actively managed by Kurv.
Ticker
KGLD
Issuer
Kurv Investment Management LLC
Exchange
BATS
Inception
2025-07-08 · 1.1 yrs
Mgmt style
Active
Replication
Derivatives (options/futures) — synthetic long exposure via long call + short put options on gold bullion-related ETPs, combined with physical gold (via subsidiary) and fixed income collateral portfolio
Index-based
—
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
actively managed
OPTIONS OVERLAY
Strategy
Covered calls, uncovered call/put writing, call/put spreads, risk reversals/protective collars, protective puts, call purchases, synthetic long (long call + short put at same strike/expiry)
generates income
Underlying
Gold bullion-related ETPs (ETFs and ETNs)
income exposure
MONTHLY
14.8%
DIST. RATE
85% ROC
Ordinary Income
Ordinary Income
Underlying
Gold bullion-related ETPs (ETFs and ETNs)
Strategy
Covered calls, uncovered call/put writing, call/put spreads, risk reversals/protective collars, protective puts, call purchases, synthetic long (long call + short put at same strike/expiry)
Tax
Ordinary Income
The Fund normally uses option contracts, including FLEX Options, on gold bullion-related ETPs to gain both long exposure (via synthetic long positions) and income generation (via covered and uncovered call writing). Notional exposure via put and call options directly will not exceed 200% of NAV, and written covered call notional generally will not exceed the notional of the synthetic or long position. The Fund may also write uncovered calls or puts when the Adviser believes volatility is mispriced, which carries unlimited loss potential.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
0.0%
Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
85%
ROC
Return of Capital — constructive85%
Net Investment Income15%
Frequency
Monthly
Dist. rate
14.83%
ROC %
85%
30-day SEC
not reported
Consistency
2 w/o cut
YOC · 1yr-ago buyer
16.6%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The August 2026 distribution of $0.35 per share for the Kurv Gold Enhanced Income ETF (KGLD) is estimated to consist of 85% return of capital ($0.2991) and 15% net investment income ($0.0509). On a fiscal year-to-date basis, 88% of cumulative distributions of $1.10 per share have been classified as return of capital.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 12 months.
DIST ($/sh)ROC %
Return of capital ($/sh)
Net investment income ($/sh)
Monthly ROC %
Calendar-year ROC (YTD est.)
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-08-05
Ex-dividend
2026-08-05
Pay date
—
Payback Period
6.7 yr
Dist. Since Incep.
$4.4
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs S&P 500
No sector feed for this fund.
Holdings
11
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$31.7$29.6$27.5$25.4
APR '26AUG '26
Price $27.99
50-DMA $26.59
200-DMA $28.86
Bearish — 50-DMA below 200-DMA
Price $27.99 is below the 200-day SMA ($28.86); 50-day SMA $26.59. The 50-day SMA sits below the 200-day — an established downtrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.
Liquidity
Avg daily volume
101K
Avg dollar volume
$2,583,360
Bid/ask spread
0.12%
Premium/discount
+0.20%
Turnover
—
Estimated bid/ask spread ~0.19% (moderate). Average daily dollar volume ~$2.6M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Rising. Source: shares×price (Massive, monthly).
AUM ($)
$128M
$128M$64M$1M
JUL '25AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
KGLD · 2026-08-11
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.