Kurv Yield Premium Strategy Microsoft (MSFT) ETF

C000251593 Fund Overview

Kurv Yield Premium Strategy Microsoft (MSFT) 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: $12.24M
• 1-year return: -1.7%
• SEC CIK: 0001782952
• SEC series ID: S000086187
• Share class ID: C000251593

C000251593 Investment Objective and Strategy

Kurv Yield Premium Strategy Microsoft (MSFT) 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 Microsoft (MSFT) ETF (the YP Microsoft Fund) seeks to provide current income.

Principal investment strategy

The YP Microsoft 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 Microsoft Corporation (MSFT or the Underlying Security), subject to potential limits on investment gains. The YP Microsoft Fund seeks to employ its investment strategy as it relates to MSFT in all market, economic, or other conditions. The YP Microsoft 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 MSFT, subject to a limit on potential share price returns on MSFT 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 Microsoft Fund from time to time may also invest directly in shares of MSFT. In implementing the strategy, the Adviser actively manages the direct and synthetic long position of the YP Microsoft Fund, deciding among other things the pricing and expiry of the call and put options used. The combined exposure to MSFT 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 Microsoft Fund. In addition, the Adviser makes active decisions for the YP Microsoft 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 MSFTs share price, the YP Microsoft 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 MSFTs share price, the YP Microsoft Fund may purchase call spreads. The YP Microsoft 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 Microsoft 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 MSFT stock, either synthetically or through purchasing shares, the YP Microsoft Fund will hold positions in MSFT options contracts as described below. For more information, see sections The YP Microsoft Funds Use of MSFT Option Contracts and Synthetic Call and Put Strategy below. An investment in the YP Microsoft Fund is not an investment in MSFT . The strategy employed to construct the YP Microsoft Funds portfolio is designed to generate income; however the YP Microsoft Fund may not fully participate in gains in MSFTs stock price. The use of options in the YP Microsoft Funds strategy will limit any share price gains in MSFT but the YP Microsoft Fund remains subject to all potential share price losses in MSFT which may not be offset by income the YP Microsoft Fund receives .

The performance of the YP Microsoft Funds shares may exceed, substantially track or trail the performance of MSFT because the options transactions that the YP Microsoft Fund enters may outperform or underperform the underlying stocks performance. MSFT Option Contracts As part of the YP Microsoft Funds synthetic covered call strategy, the YP Microsoft 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 MSFT. allow for customizable terms (e.g., the strike price can be negotiated). For more information on FLEX options, see Additional Information about the YP Microsoft Fund Exchange Traded Options Portfolio. All options contracts used by the YP Microsoft Fund are based on the value of MSFT, which gives the YP Microsoft Fund the right or obligation to receive or deliver shares of MSFT 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 Microsoft 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 Microsoft Fund due to the movement of MSFT. Synthetic Call and Put Strategy ? In seeking to achieve its investment objective, the YP Microsoft 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 Microsoft Funds strategies consists of the following elements, which are described in more detail below: ? Cash and/or Synthetic long exposure to MSFT, which allows the YP Microsoft Fund to seek to participate in the changes, up or down, in the price of MSFTs stock. ? Covered call writing (where MSFT call options are sold against the cash and/or synthetic long portion of the strategy), which allows the YP Microsoft Fund to generate income.

? Call spreads which allows the YP Microsoft Fund to seek increased participation in the potential appreciation of MSFTs share price, while still generating net premium income . ? Risk reversals or protective collars and protective puts which helps the YP Microsoft Fund mitigate potential loss from MSFTs 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 Microsoft Fund may gain long exposure via purchasing MSFT shares or creating a synthetic long position. To achieve a synthetic long exposure to MSFT, the YP Microsoft Fund buys MSFT call options and, simultaneously, sells MSFT put options to try to replicate the price movements of MSFT. The combination of the long call options and sold put options seek to provide the YP Microsoft Fund with investment exposure equal to approximately 100% of MSFT for the duration of the applicable options exposure.

The call options the YP Microsoft 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 Microsoft Fund writes (sells) call option contracts on MSFT to generate income. If the YP Microsoft Fund gains long exposure synthetically, since the YP Microsoft Fund does not directly own MSFT, 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 MSFT call option contracts will limit the YP Microsoft Funds participation in the appreciation in MSFTs stock price. If the stock price of MSFT increases, the above-referenced synthetic and/or holding the underlying stock directly would allow the YP Microsoft Fund to experience similar percentage gains.

However, if MSFTs stock price appreciates beyond the strike price of one or more of the sold (short) call option contracts, the YP Microsoft Fund will lose money on those short call positions, and the losses will, in turn, limit the upside return of the YP Microsoft Funds synthetic and long stock exposure. As a result, the YP Microsoft Funds overall strategy (i.e., the combination of the synthetic and/or long stock exposure to MSFT and the sold (short) MSFT call positions) will limit the YP Microsoft Funds participation in gains in the MSFT stock price beyond a certain point. When the YP Microsoft Fund engages in covered call writing with respect to MSFT, it receives cash from the buyer of the call option who in exchange for that cash obtains the right to purchase MSFT 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 MSFT. Call Spreads The Fund may write (sell) call or put spreads rather than stand-alone call option contracts to seek increased participation in the potential appreciation of MSFTs share price, while still generating net premium income. In a call option spread, the YP Microsoft 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 Microsoft Fund may write (sell) risk reversals rather than stand-alone call option contracts to seek to limit loss from MSFTs 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 Microsoft 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 Microsoft Fund may purchase out-of-the-money protective put options to seek to limit loss from MSFTs 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 Microsoft Fund seeks to provide monthly income in the form of distributions to shareholders. The YP Microsoft Fund seeks to generate such income which consists of two primary components, as follows: ? Premium from writing (selling) call option contracts on MSFT as described above. This income made on the YP Microsoft Funds options transactions will depend on the volatility of MSFT and thus its price return. MSFT 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 MSFT.

When this happens, the YP Microsoft 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 Microsoft Fund holds shares of MSFT directly, income may also be generated from dividend distributions.

C000251593 Holdings

Top 4 holdings of Kurv Yield Premium Strategy Microsoft (MSFT) ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000251593 holdings

C000251593 Portfolio Allocation

Asset-class allocation of Kurv Yield Premium Strategy Microsoft (MSFT) ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000251593 Performance

Total returns for C000251593 (as of 2026-10-01), from SEC filings.

C000251593 Risk Information

Risk metrics for C000251593, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 26.2%

C000251593 Costs and Fees

C000251593 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: 18.61 bps of average net assets (SEC N-CEN)

C000251593 Cashflows

Over the 12 months to 2026-05, Kurv Yield Premium Strategy Microsoft (MSFT) ETF had net inflows of $8.18M, from monthly SEC N-PORT filings.

C000251593 Debt Constituents

Largest debt holdings of Kurv Yield Premium Strategy Microsoft (MSFT) ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000251593 Prospectus and SEC Filings

Official Kurv Yield Premium Strategy Microsoft (MSFT) 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:

• Invesco QQQ Trust, Series 1 (QQQ)
• Growth Fund Of America (AGTHX)
• iShares Russell 1000 Growth ETF (IWF)
• JPMorgan Large Cap Growth Fund (SEEGX)
• Fidelity Growth Company Fund (FDGRX)

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.