BATS · Active · options-income

Kurv Gold Enhanced Income ETF

Kurv Investment Management LLC

Weighted score · 3.35 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 96% ROC

Expense Ratio

1.00% gross

1Y Return

vs underlying

Sharpe

Max DD -26.2%

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 ETPs, or derivatives on gold or gold bullion-related ETPs. The Fund normally uses option contracts on gold bullion-related ETPs, including FLEX options, to gain exposure to gold bullion, and may create synthetic long positions by simultaneously buying call options and selling put options. The Fund also employs various option strategies such as covered call writing, uncovered calls/puts, spreads, risk reversals, and protective puts to generate income and/or preserve capital.

The Fund normally uses option contracts, including FLEX Options, on gold bullion-related ETPs to gain gold exposure; synthetic long positions are created by buying call options and simultaneously selling put options with the same expiry and strike price on a gold bullion-related ETP. Covered and uncovered call writing is employed to generate income, with notional exposure from put and call options not to exceed 200% of NAV. The Fund may also use FLEX Options, which are customizable exchange-listed options guaranteed for settlement by the OCC and are generally European-style (cash-settled at expiration).

NAV HISTORY · JUL '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.

Composition · Recent Distribution

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 June 2026 distribution of $0.40 per share is composed of 96% return of capital ($0.3830) and 4% net investment income ($0.0170). On a fiscal year-to-date basis, 84% of cumulative distributions represent return of capital and 16% represent net investment income. No capital gains are included in this distribution.

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $27.67 is below the 200-day SMA ($29.36); 50-day SMA $30.10. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.23% (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.

AUM ($)