BATS · Active · options-income

Kurv High Income ETF

Kurv Investment Management LLC

Weighted score · 3.30 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Weekly · 100% ROC

Expense Ratio

1.16% gross

1Y Return

vs underlying

Sharpe

Max DD -18.8%

The Kurv High Income ETF (the "Fund") seeks to provide high income..

KYLD is an actively managed ETF that invests in U.S. and non-U.S. listed securities (including equities and ETFs) and/or derivative instruments (primarily options) on such securities, as well as derivatives on indices. The Fund generates income primarily through options strategies (covered calls, uncovered calls/puts, spreads, risk reversals, and protective puts/calls), interest from short-dated fixed income collateral (principally U.S. Treasury securities), and dividends from directly held securities. It may gain long exposure either by holding securities directly or synthetically via long call / short put combinations, and sells call options (typically 5%-15% out-of-the-money, monthly to 12-month terms) to generate premium income. The Fund is non-diversified and will not take temporary defensive positions during adverse market conditions.

The Fund sells call options approximately 5%-15% out-of-the-money on a monthly or more frequent basis with expirations of approximately one month to 12 months to generate premium income, capping upside participation beyond the strike price. It also uses synthetic long exposure (buying calls and selling puts at the same strike and expiry) to replicate direct ownership of the underlying security. Additional strategies including uncovered calls/puts, spreads, risk reversals, and protective puts may also be employed depending on market conditions.

NAV HISTORY · OCT '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

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 11, 2026 weekly distribution of $0.1000 per share consists almost entirely of return of capital (99.7%), with only 0.3% from estimated net investment income. On a fiscal year-to-date basis, 99.9% of cumulative distributions represent return of capital.

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

Liquidity

Estimated bid/ask spread ~0.30% (moderate). Average daily dollar volume ~$0.7M (thin). 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 ($)