Kurv Yield Premium Strategy Amazon (AMZN) ETF
Data updated: 2026-09-28
C000251590 — Kurv Yield Premium Strategy Amazon (AMZN) ETF. United States Large Cap Growth Equity · $23.23M AUM. Holdings, fees, performance and SEC filings.
C000251590 Fund Overview
Kurv Yield Premium Strategy Amazon (AMZN) ETF is a US ETF managed by Kurv ETF Trust, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Kurv ETF Trust
- Category: United States Large Cap Growth Equity
- Assets under management: $23.23M
- 1-year return: 32.9%
- SEC CIK: 0001782952
- SEC series ID: S000086184
- Share class ID: C000251590
C000251590 Investment Objective and Strategy
Kurv Yield Premium Strategy Amazon (AMZN) ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Kurv ETF Trust.
Investment objective
The Kurv Yield Premium Strategy Amazon (AMZN) ETF (the YP Amazon Fund) seeks to provide current income.
Principal investment strategy
The YP Amazon Fund is an actively managed exchange traded fund that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of the common stock of Amazon.com, Inc. (AMZN or the Underlying Security), subject to potential limits on investment gains. The YP Amazon Fund seeks to employ its investment strategy as it relates to AMZN in all market, economic, or other conditions. The YP Amazon Fund uses a synthetic covered call strategy, an uncovered call or put writing strategy, or a synthetic covered call spread strategy to provide (1) income derived from options premiums and (2) exposure to the share price returns of AMZN, subject to a limit on potential share price returns on AMZN as a result of the nature of the options strategy it employs.
To replicate the returns of the underlying stock, the Adviser will purchase at the money call options and sell put options with the same expiration date and the same strike price that may range from 1-12 months from expiry. The YP Amazon Fund from time to time may also invest directly in shares of AMZN. In implementing the strategy, the Adviser actively manages the direct and synthetic long position of the YP Amazon Fund, deciding among other things the pricing and expiry of the call and put options used. The combined exposure to AMZN shares created by synthetic long positions achieved through options and any direct investment in shares will not exceed 100% of the net assets of the YP Amazon Fund. In addition, the Adviser makes active decisions for the YP Amazon Fund regarding how to gain long exposure via long stock positions or synthetic long positions or a combination of both.
Options contracts must be exercised or traded to close within a specified time frame before the options contract expires. To mitigate potential loss from AMZNs share price, the YP Amazon Fund may choose to sell (write) risk reversals instead of stand-alone call option contracts or buy out-of-the-money protective put options. Further, to gain price appreciation from AMZNs share price, the YP Amazon Fund may purchase call spreads. The YP Amazon Fund may hold cash and cash equivalents and/or the underlying stock from time to time when there are disruptions in the options markets making it difficult or impractical to employ a covered call strategy to synthetically track the underlying stock. In such situations, the YP Amazon Fund may better track the performance of the underlying stock by holding it directly until disruptions in the options markets cease.
In addition to achieving a long position in AMZN stock, either synthetically or through purchasing shares, the YP Amazon Fund will hold positions in AMZN options contracts as described below. For more information, see sections The YP Amazon Funds Use of AMZN Option Contracts and Synthetic Call and Put Strategy below. An investment in the YP Amazon Fund is not an investment in AMZN . The strategy employed to construct the YP Amazon Funds portfolio is designed to generate income; however the YP Amazon Fund may not fully participate in gains in AMZNs stock price. The use of options in the YP Amazon Funds strategy will limit any share price gains in AMZN but the YP Amazon Fund remains subject to all potential share price losses in AMZN which may not be offset by income the YP Amazon Fund receives .
The performance of the YP Amazon Funds shares may exceed, substantially track or trail the performance of AMZN because the options transactions that the YP Amazon Fund enters may outperform or underperform the underlying stocks performance. AMZN Option Contracts As part of the YP Amazon Funds synthetic covered call strategy, the YP Amazon Fund purchases and sells a combination of standardized exchange-traded and/or FLexible EXchange (FLEX) call and put option contracts that are based on the value of the price returns of AMZN. Standardized exchange-traded options include standardized terms. FLEX options are also exchange-traded, but they allow for customizable terms (e.g., the strike price can be negotiated). For more information on FLEX options, see Additional Information about the YP Amazon Fund - Exchange Traded Options Portfolio.
All options contracts used by the YP Amazon Fund are based on the value of AMZN, which gives the YP Amazon Fund the right or obligation to receive or deliver shares of AMZN on the expiration date of the applicable option contract in exchange for the stated strike price, depending on whether the option contract is a call option or a put option, and whether the YP Amazon Fund purchases or sells the option contract. The Adviser may actively manage the written and purchased call options prior to expiration to potentially capture gains and minimize losses for the YP Amazon Fund due to the movement of AMZN. Synthetic Call and Put Strategy In seeking to achieve its investment objective, the YP Amazon Fund implements a synthetic call and put strategy using either stock and/or the standardized exchange-traded and/or FLEX options described above.
The YP Amazon Funds strategies consists of the following elements, which are described in more detail below: ? Cash and/or Synthetic long exposure to AMZN, which allows the YP Amazon Fund to seek to participate in the changes, up or down, in the price of AMZNs stock. ? Covered call writing (where AMZN call options are sold against the cash and/or synthetic long portion of the strategy), which allows the YP Amazon Fund to generate income. ? Call spreads which allows the YP Amazon Fund to seek increased participation in the potential appreciation of AMZNs share price, while still generating net premium income . ? Risk reversals or protective collars and protective puts which helps the YP Amazon Fund mitigate potential loss from AMZNs share price. ? Short-dated fixed income instruments , which are used for collateral for the options, and which also generate income.
Cash and/or Synthetic Long Exposure The YP Amazon Fund may gain long exposure via purchasing AMZN shares or creating a synthetic long position. To achieve a synthetic long exposure to AMZN, the YP Amazon Fund buys AMZN call options and, simultaneously, sells AMZN put options to try to replicate the price movements of AMZN. The combination of the long call options and sold put options seek to provide the YP Amazon Fund with investment exposure equal to approximately 100% of AMZN for the duration of the applicable options exposure. The call options the YP Amazon Fund buys and the put options it sells will be at the same strike price in the same amount and have the same expiration. Covered Call Writing As part of its strategy, the YP Amazon Fund writes (sells) call option contracts on AMZN to generate income.
If the YP Amazon Fund gains long exposure synthetically, since the YP Amazon Fund does not directly own AMZN, these written call options will be sold short (i.e., selling a position it does not currently own). It is important to note that the sale of the AMZN call option contracts will limit the YP Amazon Funds participation in the appreciation in AMZNs stock price. If the stock price of AMZN increases, the above-referenced synthetic and/or holding the underlying stock directly would allow the YP Amazon Fund to experience similar percentage gains. However, if AMZNs stock price appreciates beyond the strike price of one or more of the sold (short) call option contracts, the YP Amazon Fund will lose money on those short call positions, and the losses will, in turn, limit the upside return of the Funds synthetic and long stock exposure.
As a result, the YP Amazon Funds overall strategy (i.e., the combination of the synthetic and/or long stock exposure to AMZN and the sold (short) AMZN call positions) will limit the Funds participation in gains in the AMZN stock price beyond a certain point. When the YP Amazon Fund engages in covered call writing with respect to AMZN, it receives cash from the buyer of the call option who in exchange for that cash obtains the right to purchase AMZN on or before the expiration date at a predetermined price called the strike price. Writing covered call options is also considered long short. The notional principal amount of written call options will not exceed the principal amount of the synthetic or long stock position in AMZN. Call Spreads The Fund may write (sell) call spreads rather than stand-alone call option contracts to seek increased participation in the potential appreciation of AMZNs share price, while still generating net premium income.
In a call option spread, the YP Amazon Fund may sell (write) an out-of-the-money call option (above the current market price) while also purchasing another call option that is further out of the money. Risk Reversals or Protective Collars The YP Amazon Fund may write (sell) risk reversals rather than stand-alone call option contracts to seek to limit loss from AMZNs share price. The cost of this protection would be offset by the premiums earned from a written call option. In a risk reversal, the YP Amazon Fund may sell (write) an out-of-the-money call option (above the current market price) call option while simultaneously purchasing an out-of-the-money put option. Protective Put The YP Amazon Fund may purchase out-of-the-money protective put options to seek to limit loss from AMZNs share price.
The cost of protection may reduce the income generated in the portfolio. Short-dated Fixed Income and Foreign Exchange Instruments When writing options, the Fund is required to post collateral to assure its performance to the option buyer. The Fund will hold cash and cash-like instruments or high-quality short-term fixed income securities (collectively, Collateral). The Collateral may consist of (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) government securities issued by G-10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States); (3) money market funds; (4) fixed income ETFs; and/or (5) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by companies that are rated investment grade or of comparable quality.
The Adviser considers an unrated security to be of comparable quality to a security-rated investment grade if it believes it has a similar low risk of default. The Fund expects to invest in fixed income securities with low duration to minimize interest rate risk and the Funds exposure to foreign exchange to be less than 5% of its net assets. Kurv actively manages the Collateral held by the Fund with a view toward enhancing the Funds total return. Funds Monthly Distributions The YP Amazon Fund seeks to provide monthly income in the form of distributions to shareholders. The YP Amazon Fund seeks to generate such income which consists of two primary components, as follows: ? Premium from writing (selling) call option contracts on AMZN as described above. This income made on the YP Amazon Funds options transactions will depend on the volatility of AMZN and thus its price return.
AMZN stock, although other factors, including interest rates, will also impact the level of income. ? Interest from investing in short-term fixed income securities. This income will be driven by interest rates at the time of investment. ? In addition to the income-seeking methodologies stated in the Prospectus, the Funds use of Call Spreads may occasionally allow it to capture a substantial portion of any significant increase in the price of AMZN. When this happens, the YP Amazon Fund could receive profits exceeding the initial cost of the call options, and the Funds distributions may include some of those profits. To the extent the YP Amazon Fund holds shares of AMZN directly, income may also be generated from dividend distributions.
C000251590 Holdings
Top 4 holdings of Kurv Yield Premium Strategy Amazon (AMZN) ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 33.26% |
| Fidelity Government Portfolio | 24.41% |
| Treasury Bill | 23.65% |
| Treasury Bill | 9.28% |
C000251590 Portfolio Allocation
Asset-class allocation of Kurv Yield Premium Strategy Amazon (AMZN) ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 66.2% |
| Cash & Equivalents | 24.4% |
| Derivatives | 9.5% |
C000251590 Performance
Total returns for C000251590 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.1% |
| 1 year | 32.9% |
C000251590 Risk Information
Risk metrics for C000251590, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 36.3%
C000251590 Costs and Fees
C000251590 costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.15%
- Portfolio turnover: 0%
- Brokerage commissions: 50.87 bps of average net assets (SEC N-CEN)
C000251590 Cashflows
Over the 12 months to 2026-05, Kurv Yield Premium Strategy Amazon (AMZN) ETF had net inflows of $7.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$303.15K |
| 2026-04 | −$1.98M |
| 2026-03 | $489.45K |
| 2026-02 | $5.18M |
| 2026-01 | $3.15M |
| 2025-12 | $1.42M |
C000251590 Debt Constituents
Largest debt holdings of Kurv Yield Premium Strategy Amazon (AMZN) ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 33.26% |
| Treasury Bill | 23.65% |
| Treasury Bill | 9.28% |
C000251590 Prospectus and SEC Filings
Official Kurv Yield Premium Strategy Amazon (AMZN) ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-28
- Prospectus (485BPOS) — filed 2025-09-29
- Prospectus supplement (497) — filed 2025-10-03
- Portfolio holdings (N-PORT) — filed 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-08-14
- Annual census (N-CEN) — filed 2025-08-14
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.